Ocean Biomedical's material licenses terminated by Elkurt due to uncured breach; old obligations remain

Ocean Biomedical, Inc.

Elkurt, Inc. terminated all Ocean Biomedical licenses effective July 10, 2025, following an uncured material breach after 30-day cure period expired.
Termination notice states Ocean failed to cure breaches identified in Elkurt's June 9, 2025 notice.
All pre-termination obligations under the licenses, including unpaid amounts, remain continuing obligations.

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