Royalty Report: Transportation, Automotive, Technical Know How – Collection: 28422

License Grant

The Korean Licensor hereby grants to Chinese Licensee a non-transferable and non-exclusive right, without a right to grant sublicenses, to use the Technical Documentation during the term of this Agreement to manufacture, made, assemble and/or sell the Licensed Product in China for incorporation into motor vehicles.

License Property

The technology relates to KDAS's M150/M200 model automotive steering systems.

'Licensed Product' means the manual gear assembly for GMDAT's Matiz (Project Name M150 & M200) as specifically identified hereinbelow.
        
Part Number
         521266(M150 LHD)
         521269(M150 RHD)
         522018(M200 LHD)
         522094(M200 RHD)

'Technical Documentation' means the documentary technical information on the Licensed Product.

   PRODUCT                       PRODUCTION                QUALITY
–  Assembly drawing               – Operation Sheet       – Inspection Standard
–  Parts drawings                 – Process Flow Chart    – Control Plan
–  Engineering Parts List
–  Material Specification
–  Test Specification

License Grant

Licensor of Korea hereby grants Chinese Licensee the following rights under this Agreement; a. A non-exclusive right to assemble and manufacture Licensed Product in China; and b. A non-exclusive right to sell Licensed Product in China.

License Property

Licensor has been engaged for many years in manufacturing steering columns & universal joints assembly for automobiles and selling them in Korea and in overseas market and has developed technology and possesses technical information concerning the design, development, manufacturing and sales of Licensed Product.

Licensed Product shall mean Lower Tilt and Collapsible Steering Column & Universal Joint Assembly manufactured by Licensee by using of technical information and assistance provided by Licensor to be installed in automobile model Zhonghua manufactured by Shenyang Brilliance Automobile Co., LTD (hereinafter referred to as Client) in China.
Additional Licensed Product means the similar type of Lower Tilt and Collapsible Steering Column and Universal Joint Assembly to be installed in automobiles other than Zhonghua by modifying certain part(s) of Licensed Product. Licensee shall request in writing to add Additional Licensed Product to be covered in Article I, Item 1. and Licensor agrees to provide necessary technical assistance to develop Additional Licensed Product subject to Licensor approval of Licensee request for Additional Licensed Product.

The Chinese Licensee paid the Licensor, a Korean manufacturer of steering assemblies for automobiles, an initial payment and is further obligated to pay a royalty on the sales price of products sold, which includes the Licensed columns and universal joint technology.

Field of Use

The rights granted apply to the Licensed Product use in automobile model Zhonghua and a modified Licensed Product for automobiles other than Zhonghua.

License Grant

The Licensor grants to the Licensee the exclusive, unlimited, irrevocable, worldwide right and license, with the right to grant sublicenses to third parties, subject only to the provisions of the Agreement, under Patents and under Information to manufacture, have manufactured, use, market, have marketed, sell and have sold only marine and aeronautical products based on, incorporating or relating to the Inventions (hereinafter Products), and sold only in the marine and aeronautical industries, and the right, in connection therewith, to use the Torvec trademark and other trademarks now or hereafter used by the Licensor in association with the constant-velocity joint and related products and components.

License Property

The Licensor represents that it is the exclusive owner of (a) inventions relating to steer-drives, infinitely variable transmissions, hydraulic pump/motors, and a new form of constant-velocity universal joint using Vernon Gleasman's remarkable spherical gearing (hereinafter Inventions), and (b) calculations, specifications, engineering and part drawings, CAD/CAM tapes, and other information relating to the design and manufacture of products incorporating various forms of apparatus according to the Inventions (hereinafter Information).

The Company's constant velocity joint is designed to be interchangeable in over 40 existing car models.  It is notably lighter, less costly to manufacture, and potentially more durable than the constant velocity joints presently being used in all front-wheel drive vehicles.

Patents protect important inventions in five different areas of automotive technology steering drive for tracked vehicles; infinitely-variable transmission; hydraulic pump and motor; constant velocity joint and spherical gearing.

Tracked Vehicle Patents
(1)  Priority Applcn USSN 544,390 (Abandoned)

(2)  U.S. Pat. No. 4,732,053

Title
Multi-Axle Vehicle Steer Drive System

(3)  U.S. Pat. No. 4,776,235

Title
No-Slip, Imposed Diff. Reduction Drive

(4)  U.S. Pat. No. 4,776,236

Title
No-Slip, Imposed Differential

(5)  U.S. Pat. No. 4,895,052

Title
Steer Driven Reduction Drive System

(6)  U.S. Ser. No. 09/213,650

Title
Modular System for Track-Laying Vehicle

(7)  U.S. Ser. No. 09/435,218

Title
Endless Elastic Track for Track-Laying Vehicles

Orbital Transmission Patent
(1) U.S. Pat. No. 5,186,692

Title
Hydromechanical Orbital Transmission

Variable Hydraulic Pump/Motor Patents
(1) U.S. Pat. No. 5,440,878
Title
Variable Hydraulic Machine

(2) U.S. Pat. No. 5,513,553
Title
Hydraulic Machine with Gear-Mounted Swash-Plate

(3) U.S. Application Ser. No. 09/238.444 (Allowed)
Title
Spool Valve for Fluid Control

Variable-Angle Gear System and Constant-Velocity Joint Patents
1) U.S. Pat. No. 5,647,802
Title
Variable-Angle Gears

(2) U.S. Pat. No. 5,613,914
Title
Universal Coupling

(3) U.S. Pat. No. 5,878,492
Title
Method for Shaping the Teeth of Spherical Gears

Field of Use

The Licensee desires to apply the Inventions to aeronautical and marine applications and to arrange for the manufacture and sale of marine and aeronautical products in the United States and International markets.

License Grant

Japanese Licensee is desirous of obtaining a non-exclusive license from Licensor on a number of patents in the field of electrically assisted turbochargers, and additionally engage Licensor to fabricate four prototype units as required together with system know-how and specifications about the design, electric motors and electronic components with parts lists and supplier information.  The scope of this agreement is for licensing and development of motor assisted turbochargers and does not include a generator mode for producing electricity from the turbocharger.

Licensor hereby grants Licensee the non-exclusive right to use the registered  trademark Dynacharger(TM).  Licensee has no obligation to use this trademark on  its motor assisted turbochargers.

License Property

Licensee is desirous of obtaining a non-exclusive license from Licensor on a number of patents in the field of electrically assisted turbochargers, and additionally engage Licensor to fabricate four prototype units as required together with system know-how and specifications about the design, electric motors and electronic components with parts lists and supplier information.

The patents hereby licensed on a non-exclusive basis are all the patents issued or to be issued and effective in the Territories during the term of this License Agreement and corresponding to the following U.S. patents.

a. U.S. Patent  No. 5,560,208  Issued  10/01/96
   Motor Assisted Variable Geometry Turbocharging  System

b. U.S.  Patent  No. 5,870,894  Issued  02/16/99
   Motor Assisted Supercharging Devices For Internal Combustion Engines
  c. U.S.  Patent  No. 5,605,045  Issued  02/25/97
   Turbocharging System With Integral Assisting Electric Motor And Cooling System Therefore

d. U.S.  Patent  No. 5,025,629  Issued  06/25/91
   High  Pressure  Ratio  Turbocharger

e. U.S.  Patent  No. 5,094,587  Issued  03/10/99
   'Turbine  For  Internal  Combustion  Engine  Turbochargers'

f. U.S.  Patent  No. 5,906,098  Issued  05/25/99
   Motor  Generator Assisted Turbocharging System For Use With Internal
   Combustion Engines,  And  Control  Method  Therefore

g. U.S.  Patent  No. 4,565,505  Issued  01/21/86
   Combination Flow Turbine For Internal Combustion Engine
   Turbochargers

h. U.S.  Patent  No. 5,857,332  Issued  01/12/99
   Bearing System For Motor Assisted Turbochargers For Internal
   Combustion Engines

Field of Use

Licensee is in the business of manufacturing and sales of turbocharging systems in primarily the automotive industry.

License Grant

Canadian Licensor hereby grants to Licensee, and the Licensee accepts, an exclusive, royalty-bearing license, with the right to sub-license, in the Licensed Field and under this Agreement further advance and commercialize the Tomahawk electric vehicle, import, make, have made, use, and sell Licensed Products in the Territory.

License Property

Licensor has developed and possesses valuable information, knowhow and intellectual property relating to the design, engineering, and manufacture of high-performance fully electric vehicles on a universal platform and chassis.

'Licensed Subject Matter' means inventions and discoveries covered by Patent Rights or Technology Rights which are within the Licensed Field

The intellectual property and know-how is related to the design, development, and manufacturing of fully electric vehicles on a universal platform, chassis and body design developed by the Licensor.  These intellectual property assets include Chassis; battery; BMS (battery management system), ECM (electronic control module); gearbox; suspension; seat; seat rail; seat belt; door hinge; Tomahawk design; engineering; Dubuc platform; sales and marketing rights; and know how.

Development Work and Documentation related to Product Development, Design, Specification, Drawings, Records, Production Validation, Engineering Prototypes and Validation of but not limited to
Chassis;
Battery;
BMS (Battery Management System);
ECM (Electronic Control Module);
Gearbox;
Seat;
Seat Rail;
Seat belt; and
Door Hinge.
of the Tomahawk electric vehicle.

Field of Use

'Licensed Field' means the business of (i) designing, manufacturing and selling electric vehicles, including steering, suspension, braking, engine, occupant safety, electronic and electro-mechanical components, modules and systems, engineered fastening and other components and systems for passenger cars, light trucks, commercial vehicles and other land-based motor vehicles, including inflatable restraint, seat belt and steering wheel components and systems; braking components, systems and related products; steering and suspension systems and components; chassis components, modules and integrated vehicle control systems; vehicle dynamic control systems and electronics; access, security and safety electronics systems; display and heating, ventilating and air conditioning electronics; engineered and plastic fasteners and precision plastic moldings and assemblies; engine components and systems; commercial steering systems and components and (ii) providing services, including but not limited to design services, logistics services, assembly services, warranty administration services, technical support services and diagnostic services, reasonably related or incidental to the development, manufacture, sale, or distribution of products for motor vehicles.