Exhibit 10.22
Nano Technology License and Transfer Agreement
This contract is made and entered into on January 6, 2005 in Tai'an, Shandong
Province by and between the following two parties:
Licensor: Shandong Shengda Technology Co., Ltd (hereinafter referred to as
"Party A")
Legal Representative or Authorized Representative: Chen Xiangzhi
Position: President
Registered Address: North Tip of the Economy & Trade Corridor, Xintai City,
Shandong Province
Licensee: Shandong Haize Nanomaterials Co., Ltd (hereinafter referred to as
"Party B")
Legal Representative or Authorized Representative: Jia Hongping
Position: Executive director
Registered Address: Youth Development Zone in Tai'an City, Shandong Province
WHEREAS:
1. Party A is a company limited by shares, duly organized, validly existing and
in good standing under the laws of the P.R.C. Party A has acquired a license to
use nano patents from Singapore Nanomaterials Technology Pte Ltd. For its
business, Party B would like to use the patented technology acquired by Party A,
under the following terms, to manufacture and sell its products. Party A agrees
to grant a license to Party B for the use of the patents under the following
terms.
0.Xxxxx A hereby agrees to transfer its license to Party B which permits Party B
to conduct licensed activities in the territory and during the term of this
Agreement under the conditions set forth in this Agreement. According to this
Agreement, Party B is authorized to use licensed patents pursuant to the
provisions set forth in this Agreement. Party B's sales activities are not
restricted geographically.
3. Party A permits Party B to use the licensed patented technology free of
charge pursuant to the provisions set forth in this Agreement.
0.Xxxxx A warrants to Party B that Party A has full power and authority to,
pursuant to the provisions set forth in this Agreement, permit Party B to
utilize the licensed patents and to engage in permitted activities during the
term of this Agreement.
0.Xxxxx B hereby warrants to Party A that during the term, Party B shall not
conduct any activities that may be detrimental to the licensed patents.
6: Effective Date of this Agreement: This agreement shall become effective upon
the execution of this Agreement by both parties. When the term expires, Party A
has the right to request that Party A renew this Agreement, and the specific
terms and conditions shall be decided through friendly negotiation between the
parties. Under similar terms and conditions, Party B shall be given priority in
entering into a license agreement with Party A.
7. Expiration Date of this Agreement: October 16, 2021
8. The validity, interpretation, execution of this Agreement shall be governed
by relevant laws of the PRC.
9. This Agreement is made in duplicate, and each party shall hold one copy and
the two originals are equally valid.
10. This Agreement shall not be amended without a written agreement signed by
authorized representatives of both parties.
IN WITNESS WHEREOF, the undersigned have hereunto set their hands to this
Agreement as of the day and year first above written.
Party A: Shandong Shengda Technology Co., Ltd
Signature: /s/ Xxxxxxxx Xxxx
Name:
Position:
Party B: Shandong Haize Nanomaterials Co., Ltd.
Signature: /s/ Jia Hongping
Name:
Position:
