Exclusive License and Option to License Agreement Sample Contracts

EXCLUSIVE LICENSE AND OPTION TO LICENSE AGREEMENT BETWEEN Chong Corporation AND VapAria Corporation LICENSE FOR US Utility Patent No. 8,287,922 “VAPORIZED LOBELIA PRODUCT AND METHODS OF USE,” AND OPTION TO LICENSE FOR

Exclusive License and Option to License Agreement • May 1st, 2014 • OICco ACQUISITION IV, INC. • Blank checks • Minnesota

• Contract Type
  Exclusive License and Option to License Agreement
• Filed
  May 1st, 2014
• Company
  OICco ACQUISITION IV, INC.
• Industry
  Blank checks
• Jurisdiction
  Minnesota

This exclusive license agreement (“Agreement”) and option to license agreement is effective December 31, 2013 (“Effective Date”), by and between (a) Chong Corporation, a Minnesota Corporation, at 5550 Nicollet Avenue, Minneapolis, MN 55419 (“Assignee”) and (b) VapAria Corporation (“Licensee/Option”” or “LO”), a Minnesota corporation having a principal place of business at 5550 Nicollet Avenue, Minneapolis, MN 55419. The Assignee and LO will be referred to herein, on occasion, individually as “Party” or collectively as “Parties”.