Technology Transfer and Service Agreement AmongTechnology Transfer and Service Agreement • April 2nd, 2007 • Southwall Technologies Inc /De/ • Unsupported plastics film & sheet
The Company's business purpose as resolved by the shareholders of the Company on December 14, 2006 is the development, manufacturing and distribution of solar modules. The Parties have worked on a concept for a photovoltaic thin film manufacturing venture. The solution is based on silicon in amorphous and micro-crystalline forms deposited on coated glass substrate using Thin Film Technology. The Company intends to establish production facilities in GroBrohrsdorf, Saxony and bring photovoltaic applications based on Thin Film Technology into large scale production for the photovoltaic industry. Applied Materials Inc., a company incorporated in Delaware ("Applied"), USA is willing to supply equipment for such technology and the production facilities. STI and SEG, a wholly owned subsidiary of STI, are willing to make contributions to the above project (the "Sunfilm Venture") and to assist in the startup of the Sunfilm Venture upon the terms and conditions of this Agreement.
