THIS AGREEMENT HADH THIS THIRflElTI DAY OF JUNE, A. D. 1923:
THE GOVIi^HORS OF THE* UIIIV.^ :.;ITY OF TOROJ'TO of the First Part
ELI LILLY AIID COIirAIIY, incorporated under the laws of the State of Indiana, of Indianapolis, in Marion Comity, and State of Indiana
of the Second Part
REAS the Party of the First Part is the owner of a certain new and useful substance known as "Insulin" obtained fron the pancreas of niarmalia and the related rland3 of fishes useful for the treatment of diabetes mellitus and certain nev/ and useful processes for preparing the same, as fully set forth and described in the specifications forming part of ap^lica for Letters Patent of the United States of America, filed United SGates Patent Office on or about the 12th. day of January A. D. 1925, under Serial : bcrs 612,157 and C12,133.