ULUR ULURU Inc (GM)

¹ Based upon 62,974,431 shares of Common Stock outstanding as of February 27, 2017, as provided to the Reporting Person by ULURU Inc.

² Based upon 62,974,431 shares of Common Stock outstanding as of February 27, 2017, as provided to the Reporting Person by ULURU Inc.

This Amendment No. 3 to Schedule 13D (this “Amendment No. 3”) is filed by Centric Capital Ventures LLC, a Delaware limited liability company (“Centric Capital”), and Bradley J. Sacks (“B Sacks”), the Managing Member of Centric Capital, with respect to ownership of shares of the common stock, par value $0.001 per share (the “Common Stock”), of ULURU Inc., a Nevada corporation (“ULURU”), and amends and supplements the Schedule 13D filed on April 2, 2015, as amended by Amendment No. 1 filed on July 29, 2015 and Amendment No. 2 filed on April 1, 2016 (the “Original Schedule 13D” and together with this Amendment No. 3, the “Schedule 13D”). Centric Capital and B Sacks are individually referred to herein as a “Reporting Person” and collectively as the “Reporting Persons.” Capitalized terms used herein and not otherwise defined in this Amendment No. 3 shall have the meanings set forth in the Original Schedule 13D.

This Amendment No. 3 is being filed to amend Items 2, 4, 5, 6 and 7 of the Schedule 13D as follows:

Item 2. Identity and Background.

Item 2(b) of the Schedule 13D is amended to replace the business address of the Reporting Persons with:

590 Madison Avenue, 21 ^st Floor, New York, NY 10022.

Item 4. Purpose of Transaction.

Item 4 of the Schedule 13D is amended and supplemented as follows:

Velocitas Partners, LLC, a Delaware limited liability company (“Velocitas”), and an affiliated entity entered into the Note, Warrant, and Preferred Stock Purchase Agreement, dated as of February 27, 2017, with ULURU (the “Velocitas Purchase Agreement”) with respect to, among other matters, (a) the issuance to Velocitas at the initial closing, held on February 27, 2017, of a secured promissory note in the principal amount of $500,000 convertible into shares of Common Stock at a conversion price of $0.04 per share (subject to equitable adjustments), and (b) subject to the conditions precedent specified therein, (i) the issuance to Velocitas at the second closing (the “Second Closing”) of an additional secured convertible promissory note on terms similar to the initial convertible note in the principal amount of $500,000, and a warrant to purchase 57,055,057 shares of Common Stock at an exercise price of $0.04 per share, and (ii) the sale by ULURU of Series B Convertible Preferred Stock (the “Series B Preferred Stock”) to certain investors. Under the Velocitas Purchase Agreement, one or more affiliates of Velocitas will purchase Series B Preferred Stock for net proceeds of not less than $2,000,000 nor more than $5,000,000, with such dollar amount to be designated by the purchasers prior to the Second Closing, at an as-converted-to-common stock purchase price of $0.04 per share (the “Series B Offering”). If the gross proceeds from the Series B Offering are less than $4,000,000 (with such deficit being referred to as the “Proceeds Gap”), ULURU is obligated to seek capital, in an amount at least equal to the Proceeds Gap, from third parties in a private placement over the next 180 days. Velocitas negotiated with ULURU to establish the $0.04 per share price for the shares of Common Stock underlying the Series B Preferred Stock.  After this price negotiation was completed, B Sacks was requested to provide a backstop for the Series B Offering to ensure that ULURU raised sufficient capital to effect its current business plan. If ULURU is unable to raise additional capital at least equal to the Proceeds Gap from third parties, pursuant to the Backstop Agreement between B Sacks, Velocitas and ULURU, dated as of February 27, 2017 (the “Backstop Agreement”), B Sacks has agreed that he or his affiliates will purchase up to $2.0 million worth of Common Stock, as determined by Uluru, at a purchase price of $0.04 per share (equal to the price being paid by Velocitas for the shares underlying the Series B Preferred Stock). In addition, at the Second Closing, ULURU has agreed to acquire the Altrazeal distributor agreements Velocitas has with its sub-distributors in exchange for the issuance of 13,375,000 shares of Common Stock.

In connection with the execution of the Velocitas Purchase Agreement, the Reporting Persons, Michael I. Sacks (“M Sacks”), Velocitas, Velocitas I LLC, Terrance K. Wallberg and Uluru entered into a Voting Agreement, dated as of February 27, 2017 (the “Voting Agreement”), which shall become effective if and when the Second Closing occurs. Pursuant to the Voting Agreement, the parties agreed that once the Voting Agreement is effective, the size of the Board of Directors would be set at six directors, and the parties would vote for the election to the Board of Directors of four persons designated by Velocitas (initially to be Anish Shah, Oksana Tiedt, Vaidehi Shah and Arindam Bose), one director designated by B Sacks and one additional director designated by a major investor or by the Board of Directors. In addition, the Voting Agreement provides for a vote in favor of a proposal to amend ULURU’s articles of incorporation to increase the authorized shares as required to permit the conversion of the Series B Preferred Stock. The Voting Agreement provides that purchasers of Series B Preferred Stock will become parties thereto at that time.

In addition, ULURU, Velocitas, B Sacks and certain other parties entered into an Investor Rights Agreement, dated as of February 27, 2017 (the “Investor Rights Agreement”), that provides the parties thereto with demand, demand Form S-3 and piggy back registration rights, Rule 144 information rights, and right of first offer (or preemptive right) in connection with future sales of securities by ULURU (subject to standard exceptions). Also, pursuant to this agreement, M Sacks and The Punch Trust agreed to terminate the Registration Rights Agreement dated as of January 31, 2014.

On March 1, 2017, pursuant to a letter agreement, Centric Capital and M Sacks agreed to terminate, without the payment of any consideration by either party, the Put and Call Agreement which they had entered into as of July 29, 2015 (the “Put and Call Agreement Termination Letter”).

Other than as described above or elsewhere in this Schedule 13D, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, although the Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto.

Item 5. Interest in Securities of the Issuer.

Item 5(a), (b) and (c) of the Schedule 13D are amended and supplemented as follows:

(a)       Centric Capital directly beneficially owns 552,960 shares of Common Stock, which includes warrants to purchase 266,480 shares of Common Stock, and by virtue of his control of Centric Capital as its Managing Member, B Sacks is deemed to beneficially own such 552,960 shares of Common Stock, representing 0.9% of the outstanding shares of Common Stock.

M Sacks beneficially owns 30,050,490 shares of Common Stock, which includes warrants to purchase 14,025,245 shares of Common Stock, representing 39.0% of the outstanding shares of Common Stock.

The foregoing percentages are based upon 62,974,431 shares of Common Stock outstanding as of February 27, 2017, as provided to the Reporting Persons by ULURU.

The Reporting Persons and M Sacks may be deemed to be a “group” within the meaning of Rule 13d-5(b) under the Exchange Act. The Reporting Persons disclaim any beneficial ownership or pecuniary interest in the shares of Common Stock beneficially owned by M Sacks. Any information regarding M Sacks described in this Schedule 13D is based on information provided by M Sacks to the Reporting Persons.

Under its terms, the Voting Agreement does not become effective, if at all, until the Second Closing. Upon its effectiveness, a “group” within the meaning of Rule 13d-5(b) under the Exchange Act may be deemed to be formed among the Reporting Persons and the other parties to the Voting Agreement.  The Reporting Persons would file an amendment to the Schedule 13D to reflect the changes to the information included herein as a result of any such group formation.

(b)       The Reporting Persons have sole voting and dispositive power over 552,960 shares of Common Stock, which includes warrants to purchase 266,480 shares of Common Stock. All shares of Common Stock beneficially owned by Centric Capital, are deemed to be beneficially owned by B Sacks by virtue of his control of Centric Capital as its Managing Member.

M Sacks has sole voting and dispositive power with respect to the 30,050,490 shares of Common Stock he beneficially owns, which includes warrants to purchase 14,025,245 shares of Common Stock.

(c)       Except as described in Item 4 of this Amendment No. 3, no transactions in the shares of Common Stock have been effected by the Reporting Persons during the past 60 days and, to the knowledge of the Reporting Persons, no transactions in the shares of Common Stock have been effected by M Sacks during the past 60 days.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Item 6 of the Schedule 13D is hereby amended by adding thereto the information contained in Items 4 and 5 of this Amendment No. 3 and as follows:

References to and descriptions of the Velocitas Purchase Agreement, the Backstop Agreement, the Voting Agreement, the Investor Rights Agreement and the Put and Call Agreement Termination Letter included in this Schedule 13D do not purport to be complete and are qualified in their entirety by reference to the full text of such agreements attached hereto as Exhibits 99.1, 99.2, 99.3. 99.4 and 99.5, and each is incorporated herein by this reference.

Item 7. Material to be Filed as Exhibits.

99.1 Note, Warrant, and Preferred Stock Purchase Agreement dated as of February 27, 2017 by and among ULURU Inc., Velocitas Partners, LLC and the investors who have executed a counterpart signature page thereto.

99.2 Backstop Agreement dated as of February 27, 2017 by and among Uluru Inc., Bradley J. Sacks and Velocitas Partners LLC.

99.3 Voting Agreement dated as of February 27, 2017 by and among Uluru Inc. and the investors listed therein.

99.4 Investor Rights Agreement dated as of February 27, 2017 by and among Uluru Inc. and the investors listed therein.

99.5 Put and Call Agreement Termination Letter, dated March 1, 2017, between Michael I. Sacks and Centric Capital Ventures LLC.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, the undersigned each certify that the information set forth in this statement is true, complete and correct.

Dated: March 1, 2017