Ultra Velocity Technology LTD. 10F, No.284, Zhong Shan first Rd. Luzhou District, New Taipei City, Taiwan Attn: Kun Sen Shi Dear Mr. Shi:Eos Inc. • April 1st, 2020 • Perfumes, cosmetics & other toilet preparations
This letter refers to the exclusive patent licensing and distribution agreement (the “Exclusive Patent Licensing and Distribution Agreement”) dated November 25, 2019 by and between EOS Inc. (the “Company”) and Ultra Velocity Technology Ltd. (“Ultra Velocity”). The Company and Ultra Velocity mutually deem it is in the best interest of both Ultra Velocity and the Company to terminate the Exclusive Patent Licensing and Distribution Agreement. The respective parties are renegotiating the terms for a new agreement but the failure to do so will have no effect on the validity of this termination.
