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Exhibit 10.36
LICENSE AGREEMENT GRANTING THE AUTHORIZATION TO
MANUFACTURE PARTIALLY THE PRODUCT CALLED L.E.D. LIGHT
(OR APOLLO-E-LIGHT)
1. This contract is made and agreed for by:
DMDS Co. Ltd. UK, Pantile, Xxxxxxxx Xxxxx, Xxxxx, Xxxxx XX00 XXX, XXXXXX
XXXXXXX with registration number 3505875 here represented by Xxx XxXxxxxx,
duly empowered for acting in this contract -- party one;
Xxxxxxxx Xxxxx, Xxxxxxx xx Xxxxxxxxx, 00000 Xxxxxx x'Xxxx, France, acting
for a company in constitution -- party two:
It is agreed what follows:
2. Party one is granting the license for manufacturing partially the L.E.D.
light, under conditions as described in the attached manufacturing
contract, price of the license will be [*].
3. Party two will pay the license fee in eight quarterly terms of [*]
(two years period).
4. The license right and the payment terms will be subject to next condition:
- A minimum production of 24,000 lights in the two year period.
DMDS Ltd. UK Xxxxxxxx Xxxxx
Xxx XxXxxxxx
*CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION
