Angstron Holdings Corporation
Angstron Holdings Corporation
000 Xxxx Xxxxxxxx Xxxx., Xxxxx 000
Xxxxxxxx, Xxxxxxxxxx 00000
This agreement is entered into as of the date of last signature below ("Effective Date") by and between THE REGENTS OF THE UNIVERISTY OF CALIFORNIA, acting through the offices of the Xxxxx Xxxxxxx School of Engineering' and Applied Science at the University of California, Los Angeles, having a business address at 0000 Xxxxxxx Xxxx, Xxx 000000 Xxx Xxxxxxx, XX 00000-0000, and the ANGSTRON HOLDINGS CORPORATION, a company established and existing under the laws of Nevada, having an address at 000 Xxxx Xxxxxxxx Xxxx., Xxxxx 000, Xxxxxxxx, Xxxxxxxxxx 00000 ("Donor"). 1;
Our pledge of $3,500,000 is to be paid over a 7 year period with the initial payment of $500,000 to be paid by December 31, 2015. Additional payments will be made by the end of each calendar year until completion in 2021. Donor will use best efforts to, and fully intend to, satisfy the terms of this pledge as written.
The gift in addition to other funding we provide to UCLA Engineering is to support a research center at the UCLA Xxxxx Xxxxxxx School of Engineering and Applied Science to meet current needs for research support in; Energy Storage Systems and Graphene Technologies, under the direction of the Center Director, currently, Xxxxxxx Xx, Professor and the Chemical and Biomoleeular Engineering Department.
In recognition of our funding, the University of California, Los Angeles will agree to name the HK GRAPHENE TECHNOLOGY CORPORATION RESEARCH CENTER to be located at the Xxxxx Xxxxxxx School of Engineering and Applied Science at the University of California, Los Angeles.
Donor is aware that such naming is subject to the final approval of the UCLA Chancellor and that such approval is conditioned upon the complete fulfillment of this pledge. Donor further understands that the naming will exist only while funds are made available for the research center.
As is customary with universities and other non-profit organizations across the country, a one-time fee is applied to each pledge payment in order to provide essential support necessary to UCLA's overall operation. The fee is currently 6.5%.
Payments made by Donor will be sent to the following address:
University of California, Los Angeles
Xxxxx Xxxxxxx School of Engineering and Applied Science
0000 Xxxxxxx Xxxx
Xxx 000000
Xxx Xxxxxxx, XX 00000-0000
Attn: Xxxxx Xxxxxxx
Director of Corporate and Foundation Relations
University should send all pledge reminders to the following address:
Angstron Holdings Corporation
000 Xxxx Xxxxxxxx Xxxx, Xxxxx 000
Xxxxxxxx, Xxxxxxxxxx 00000
Attn: Xxxxx Xx
IN WITNESS WHEREOF, the parties have caused this gift agreement to be executed by their duly authorized representatives.
ANGSTRON HOLDINGS CORPORATION
/s/ Xxxxx Xx
April 14th, 2015
(Xxxxx Xx, CEO)
(Date)
THE REGENTS OF THE UNIVERSITY OF CALIFORNIA
/s/ Xxxxx X. Xxxx
April 15th, 2015
(Xxxxx X. Xxxx, Xxxx)
(Date)
/s/ Xxxxxxxx Xx
April 14th, 2015
(Xxxxxxxx Xx, Ph.D.)
(Date)
/s/ Xxxx Xxxxxxxxxx
April 21th, 2015
(Xxxx Xxxxxxxxxx,
(Date)
Vice Chancellor External Affairs)
