FORM OF PATENT LICENSE-BACK AGREEMENTPatent License-Back Agreement • May 12th, 2023 • C-Bond Systems, Inc • Investors, nec
This Patent License-Back Agreement (“License Agreement”), dated as of May 8, 2023 (the “Effective Date”), is made by and between Apex Protect GPS, LLC, a limited liability company organized pursuant to the laws of the State of Texas (“LICENSOR”), located at 5802 N. Navarro, Victoria, TX 77904 and C-Bond Systems LLC, a Texas limited liability company (and a subsidiary of C-Bond Systems, Inc., a Colorado corporation referred to herein as “Parent”), with offices located at 6035 South Loop East Houston, TX 77033 (“LICENSEE”), where LICENSOR is the purchaser of certain assets of LICENSEE pursuant to an Asset Purchase Agreement between LICENSOR and Parent, dated as the Effective Date above (the “Asset Purchase Agreement”). LICENSOR and LICENSEE are referred to herein collectively as the “Parties.”
