Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 31

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 4
Chunk 31
---
 executed such agreements. Such agreements
can also be breached, and we may not have adequate remedies for any such breach.

Intellectual property laws,
procedures, and restrictions provide only limited protection, and any of our intellectual property rights may be challenged, invalidated,
circumvented, infringed, misappropriated, or otherwise violated. Furthermore, the laws of certain countries do not protect intellectual
property and proprietary rights to the same extent as the laws of the United States, and we therefore may be unable to protect our
proprietary technology in certain jurisdictions.

Despite our efforts to protect
our proprietary rights, unauthorized parties may attempt to copy or obtain and use our technology to develop products and services with
the same functionality as our products. Policing unauthorized use of our technology is difficult. Our competitors could also independently
develop technologies like ours, and our intellectual property rights may not be broad enough for us to prevent competitors from selling
products and services incorporating those technologies. For more information regarding the risks relating to intellectual property, see
“ Risk Factors - Risks Related to our Intellectual Property. ”

Licenses with Research Frontiers, Inc.

Gauzy/RFI License Agreement

In September 2017, we entered
a license agreement with RFI for certain technologies regarding the use of information and patents relating to its Light Valve Film,
SPD Emulsions and Light Valve technology, or the Gauzy/RFI License Agreement.

Pursuant to the Gauzy/RFI
License Agreement, we were granted (i) a non-exclusive, royalty-free license to use, make, lease, sell, or otherwise dispose of SPD Emulsions
and Light Valve Film manufactured by us solely to Authorized Users (as defined below) as permitted under the Gauzy/RFI License Agreement
and (ii) a non-exclusive, worldwide, royalty-bearing license to use, make, lease, sell, or otherwise dispose of architectural window
products incorporating a Light Valve device.

Authorized Users, as defined
in the Gauzy/RFI License Agreement, include RFI and a list of entities to which RFI has granted licenses of RFI’s intellectual
property in their respective territories and fields of use. Unless otherwise agreed by RFI, RFI has the sole discretion to amend the
list of Authorized Users upon delivery of notice to us, which effectively restricts the scope of our potential commercial clients for
SPD Emulsions and Light Valve Film.

Under the terms of the
Gauzy/RF