Common Contracts

Contract

License Agreement • May 5th, 2020 • Utah

• Contract Type
  License Agreement
• Filed
  May 5th, 2020
• Jurisdiction
  Utah

<DOCUMENT> <TYPE>EX-10.3 <SEQUENCE>4 <FILENAME>exhibit.txt <DESCRIPTION>LICENSE AGREEMENT <TEXT> LICENSE AGREEMENT This License Agreement is made and entered into effective as of the 29th day of May 2001, by and between Videolocity Direct, Inc., a Nevada corporation ("Video Direct"), and Merit Studios, Inc., a Delaware corporation ("Merit"), upon the following: Premises WHEREAS, Merit and Video Direct entered into that certain Amended and Restated License Agreement (the "WormHole-Video License Agreement") dated as of March 6, 2001, pertaining to the WormHole Video System, which agreement superseded and replaced the license agreement previously entered into between Merit and Videolocity, Inc. dated as of October 27, 2000; and WHEREAS, Merit desires to license to Video Direct and Video Direct desires to license from Merit all aspects and applications of Merit's "WormHole Technology" other than the application previously licensed by Video Direct under the WormHole-Video License Agreement,