To the knowledge of Asterias, the operation of the business of the Asterias as currently conducted does not infringe, misappropriate,
dilute or otherwise violate any Intellectual Property rights owned by any other Person and no other Person is infringing, misappropriating,
diluting or otherwise violating any Asterias Intellectual Property. No Action is pending and served (or is being threatened or
is pending and has not been served) against Asterias or by Asterias relating to any actual, alleged or suspected infringement,
misappropriation, dilution or other violation of any Intellectual Property rights of another Person or to Asterias Intellectual
Property. Since January 1, 2015, Asterias has not received any written notice or other written communication relating to any actual,
foreseen, alleged or suspected infringement, misappropriation, dilution or other violation of any Intellectual Property right
of another Person by Asterias.
Asterias is not now and has never been a member or promoter of, or a contributor to, any industry standards body or any similar
organization that would reasonably be expected to require or obligate Asterias to grant or offer to any other Person any license
or right to any Asterias Intellectual Property. No Asterias Product is distributed with any software that is licensed pursuant
to an “open source” or other Third Party license agreement that requires the disclosure or licensing of any source
code for any Asterias Product or requires any Asterias Product to be made available at no charge or grant, or purport to grant,
to any Third Party, any rights or immunities under any Asterias Intellectual Property (including, but not limited to, using any
Open Source Materials that require, as a condition of use, modification or distribution of the Open Source Materials that other
software incorporated into, derived from or distributed with the Open Source Materials (i) be disclosed or distributed in source
code form, (ii) be licensed for the purpose of making derivative works or (iii) be redistributable at no charge). Asterias has
not disclosed, delivered, licensed or otherwise made available, and Asterias do not have a duty or obligation (whether present,
contingent, or otherwise) to disclose, deliver, license, or otherwise make available, any source code for any Asterias Product
to any Third Party who is not, as of the date of this Agreement, an employee of Asterias.
There are no defects in any of software included in the Asterias Products that would prevent the same from performing materially
in accordance with its user specifications and there are no viruses, worms, Trojan horses or similar disabling codes or programs
in any of software included in the Asterias Products.
None of the Asterias Intellectual Property owned or purported to be owned by Asterias is subject to any pending or outstanding
injunction, directive, Order, judgment, or other disposition of dispute that adversely restricts the use, transfer, registration
or licensing of any such Intellectual Property rights by Asterias or otherwise adversely affects the validity, scope, use, registrability
or enforceability of any Asterias Owned Intellectual Property.
Asterias is in compliance in all material respects with contractual requirements, internal policies and procedures (which are
consistent with industry standards) and Laws that are designed to protect the security, confidentiality and integrity of transactions
executed through the Asterias IT Systems, including encryption or other security protocols and techniques when appropriate and
other confidential or proprietary data or information of Asterias. Since January 1, 2015, none of Asterias has suffered and, to
the knowledge of Asterias, no service provider to Asterias has suffered any material security breach with respect to any Personal
Data, data or information owned or held for use by Asterias, nor has Asterias been notified or been required by Laws to notify
any Persons or any Governmental Authority of any security breach involving Personal Data.