PRODUCT CO-DEVELOPMENT AGREEMENT

This Agreement (the "Agreement") is made as of ____________________________ (the "Effective Date") by and between:

Party One: _______________________________________________
Address: _______________________________________________

Party Two: _______________________________________________
Address: _______________________________________________

Each a "Party" and together the "Parties."

1. Purpose

Parties will co-develop the Product described in Exhibit A.

2. Contributions

Each Party’s contributions listed in Exhibit B.

3. Ownership

IP ownership allocation set forth in Exhibit C.

4. Governance

Steering committee with equal representation directs project activities.

5. Cost Sharing

Costs shared per Exhibit D.

6. Exit Strategy

If project discontinued, Parties follow wind-down terms in Exhibit E.

Signatures

Exhibit A – Product Description

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Exhibit B – Contributions

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Exhibit C – IP Ownership

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Exhibit D – Cost Allocation

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Exhibit E – Exit Terms

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