COMMERCIALISATION AGREEMENT
Exhibit 10.1
| COMMERCIALISATION AGREEMENT |
This Agreement is made and effective 1 July 2015.
| BETWEEN: | NEXTGLASS TECHNOLOGIES CORPORATION (the “Licensee”), a company incorporated in Delaware, United States of America with registered address at 000 Xxxxxxx Xxxxxx, Xxxxxxx Xxxxx, XX 00000. |
| AND: | NEXTGLASS CO., LTD (the “Licensor”), a company .incorporated in Korea with the business address at 000, Xxxx Xxxxxx-xx, Xxxxx-xxxxx, Xxxx-xx, Chungcheongnam-do, Korea 336-671. |
IT IS AGREED AS FOLLOWS:-
The Licensor hereby allows the Licensor full rights to its patents to commercialise the products, which include building the plant and facilities for such commercialisation. The list of patents are as follows:-
| No. | Patent Title | Country/Reg. No. | Registration Date | |||
| 1 | Making methods for transparency electrically conductive film | Korea/I0-1020766 | Nov 18, 2014 | |||
| 2 | Making methods for transparency electrically conductive film | Korea/00-0000000 | Nov 18, 2014 | |||
| 3 | Method for manufacturing transparency conductive thin film | Taiwan/1-431131 | Mar 21,2014 | |||
| 4 | Making method for transparency conductive oxide of thin film solar cell | Korea/00-0000000 | Nov 18, 2014 | |||
| 5 | Making method for transparency conductive oxide of thin film solar cell. Having two layered structure | Korea/00-0000000 | Nov 18, 2014 | |||
| 6 | Making method for anti-reflective oxide of solar cell | Korea/00-0000000 | Nov 18, 2014 | |||
| 7 | Manufacturing method doe thin film type solar cell | Korea/00-0000000 | Nov 18, 2014 | |||
| 8 | Making method for transparency conductive oxide of thin film solar cell | Korea/00-0000000 | Nov 18, 2014 | |||
| 9 | Polymer dispersed liquid crystal display with temperature stability | Korea/00-0000-0000000 | Nov 18, 2014 |
In return of the above patent rights given by the Licensor to the Licensee, both plies agree that the Licensee shall share 50% of the Profits with the Licensor, with the definition of Profits being the Audited Profit Before Taxation figure, and such profits shall be paid in full to the Licensor within 30 days from the date of the Audited Accounts of the Licensee.
| For NextGlass Technologies Corporation | For NextGlass Co., Ltd | |
| /s/ Low xxxx Xxx | /s/ Xxx Xxxx Su | |
| Authorised Signature | Authorised Signature | |
| Name: Low xxxx Xxx | Name: Xx. XXX XXXX SU | |
| Designation: Director | Designation: Director |
