Royalty Report: Semiconductors, Solar, Fabrication – Collection: 286114

License Grant

In this agreement where the multiple Licensors jointly own 100% of the Licensee, the parties intend to amend certain terms of the Master Agreement and the rights and obligations related thereto in order to expedite the capacity expansion of Licensee for the benefit of all Parties and their respective shareholders.

In conjunction with the transactions contemplated by the Master Agreement, Licensors of the United States, Norway and Germany have licensed to Licensee certain proprietary intellectual property.  

The binding memorandum of understanding also contemplates that Licensee will sign interim silicon supply guarantees to immediately enable the next phase of expansion of its facility in Thalheim, Germany.

License Property

The technology is regarding polysilicon.

The products are solar power products with proprietary, low-cost String Ribbonâ„¢ wafer technology,

Field of Use

The field of use is semiconductors used to increase its solar module production capacity.

License Grant

Licensor hereby grants and agrees to grant to Licensee, effective upon license Effective Date, a world-wide, non-exclusive, non-transferable, perpetual, irrevocable, fully paid up and royalty-free license, without the right to sublicense, under the Licensor's Intellectual Property Rights, to make, use, sell, offer for sale, import or otherwise commercialize or exploit Licensed Products, to use the Licensor's Technology in connection with the foregoing, and to otherwise operate Licensee and commercialize its products as contemplated in the Master Agreement. It is understood that the foregoing license to Licensee includes, without limitation, the right to change and make improvements and extensions to the Licensor's Technology. Furthermore, it is understood that Licensee shall have the right to commercially exploit such changes and improvements in accordance with such license.  This is to be used in the manufacture of Licensee's solar modules.  

Subject to exceptions in this Agreement, Licensee shall pay royalties to Licensor for the use of MNIP. The royalty shall be based on two main elements the success of the relevant MNIP in achieving Cost Savings and the success of that MNIP in achieving Added Value.  MNIP means Material New IP.

Licensed Products means Wafers, Cells, and/or Modules, as the case may be, in which the Wafers are made using String Ribbon Technology.

License Property

The Licensor develops and manufactures multi-crystalline silicon wafers utilizing String Ribbon™ proprietary wafer technology. The technology involves a unique process to produce multi-crystalline silicon wafers by growing thin strips of silicon that are then cut into wafers. This process substantially reduces the amount of silicon and other processing costs required to produce a wafer when compared to conventional sawing processes. Silicon is the key raw material in manufacturing multi-crystalline silicon wafers. The wafers they produce are the primary components of photovoltaic “PV” cells which, in turn, are used to produce solar panels.

Licensed Products means Wafers, Cells, and/or Modules, as the case may be, in which the Wafers are made using String Ribbon Technology.  This is to be used in the manufacture of Licensee's solar modules.  The Licensor develops and manufactures multi-crystalline silicon wafers utilizing String Ribbonâ„¢ proprietary wafer technology. The technology involves a unique process to produce multi-crystalline silicon wafers by growing thin strips of silicon that are then cut into wafers. This process substantially reduces the amount of silicon and other processing costs required to produce a wafer when compared to conventional sawing processes. Silicon is the key raw material in manufacturing multi-crystalline silicon wafers. The wafers they produce are the primary components of photovoltaic (“PV”) cells which, in turn, are used to produce solar panels (also referred to as solar modules).

License Grant

Licensor, an individual, grants to Licensee, its successors, assigns, and legal representatives, the irrevocable, world-wide right and license in and to the Technology and the Licensed Patents, including the right to make, have made, use, lease, sub-license and sell Wafers, Cells, Modules, Integrated Products and Other Products and to enforce any of the patent rights of the Licensed Patents.

License Property

Licensee owns or has rights in and to certain patents, patent rights, knowhow and technology relating to ribbon technology.

Wafer shall mean any ribbon substrate which would infringe a claim of a Licensed Patent.

Cell shall mean a single Wafer which is processed to provide electrical output.

Module shall mean a plurality of Cells which are connected with a common electrical output.

Integrated Product shall mean any product which is sold as a unit by Licensee and which incorporates a Wafer, Cell or Module as part of the unit.

Field of Use

Licensee is engaged in the development and marketing of products which incorporate ribbon technology, such as crystalline silicon photovoltaics and photovoltaic solar cells.