Amendment to License Agreement
EXHIBIT
10.37
Amendment
to License Agreement
Effective
April 15, 2008, Superlattice Power, Inc. (“Superlattice”) entered into a License
Agreement (the “License Agreement”) with Li-ion Motors Corp. (formerly EV
Innovations, Inc., “Li-ion”), providing for Li-ion Motors Corp.’s license to
Superlattice of Li-ion’s patent applications and technologies for rechargeable
lithium-ion batteries for hybrid vehicles and other applications (“Licensed
Products”).
Under
the License Agreement, Li-ion has the right to purchase its requirements of
lithium ion batteries from Superlattice and Li-ion’s requirements of lithium ion
batteries shall be supplied in preference to, and on a priority basis as
compared with, supply and delivery arrangements in effect for our other
customers. Li-ion’s cost for lithium ion batteries purchased from Superlattice
is the actual manufacturing costs for such batteries for the fiscal quarter in
which Li-ion’s purchase takes place.
The
parties hereby confirm and agree that the above referenced License Agreement
does not limit Li-ion from granting additional licenses for Licensed Products to
other companies in other countries of the world. Li-ion will not grant other
license agreements to any companies other than Superlattice for commercial
exploitation within the United States of America and its territories and
possessions.
Dated
this 25th day of
May 2010.
SUPERLATTICE
POWER, INC.
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LI-ION
MOTORS CORP.
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/s/
Xxxx Xxxxxx
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/s/
Xxxxxx Xxxxx
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By:
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By:
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Xxxx
Xxxxxx
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Xxxxxx
Xxxxx
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President
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President
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Superlattice
Power, Inc.
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Li-ion
Motors, Corp.
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