4 unchanged sentences
is not subject to, any material legal proceedings, except as set forth below.
−Removed: On October 25, 2017,
−Removed: Genexosome entered into and closed a Stock Purchase Agreement with Beijing Genexosome and Yu Zhou, MD, PhD, the sole shareholder of Beijing
−Removed: Genexosome, pursuant to which Genexosome acquired all of the issued and outstanding securities of Beijing Genexosome in consideration
+Added: 25, 2017, Genexosome entered into and closed a Stock Purchase Agreement with Beijing Genexosome and Yu Zhou, MD, PhD, the sole shareholder
+Added: of Beijing Genexosome, pursuant to which Genexosome acquired all of the issued and outstanding securities of Beijing Genexosome in consideration
of a cash payment in the amount of $450,000, of which $100,000 is still owed.
16 unchanged sentences
Zhou, Li Chen, the Company and Genexosome with various claims against the Company and Genexosome.
−Removed: including misappropriation of trade secrets in violation of the Defend Trade Secrets Act of 2016 and violation of Ohio Uniform Trade Secrets
−Removed: Research Institute is seeking monetary damages, injunctive relief, exemplary damages, injunctive relief and other equitable relief.
−Removed: The Company intends to vigorously defend against this action and pursue all available legal remedies.
−Removed: The criminal proceedings against
−Removed: Zhou and Li Chen have been concluded and the civil litigation continue.
−Removed: The Company and Nationwide Children’s Hospital have
−Removed: reached a verbal settlement agreement.
−Removed: Both parties are in the process of drafting the related written agreements.
−Removed: There can be no assurances
−Removed: that these settlement agreements will be signed.
+Added: The criminal proceedings against Dr.
+Added: Zhou and Li Chen have been concluded.
+Added: The Company, Genexosome and the Research Institute entered
+Added: into a Settlement Agreement dated June 7, 2022 (the “Settlement Date”) whereby the Company agreed to pay the Research Institute
+Added: $450,000 on each of the sixty-day, one year and two-year anniversaries of the Settlement Date.
+Added: In addition, the Company agreed to pay
+Added: the Research Institute 30% of the Company’s initial pre-tax profit of $3,333,333, 20% of the Company’s second pre-tax profit
+Added: of $3,333,333 and 10% of the Company’s third pre-tax profit of $3,333,333.
+Added: The parties provided a mutual release as well.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.