[EXHIBIT 10.19- Certain portions of this document have been
  omitted in the publicly filed version of this document  pursuant
to  the Registrant's request for confidential treatment and filed
  separately with the Securities and Exchange Commission.]

                   SPD FILM LICENSE AGREEMENT
                             BETWEEN
                 RESEARCH FRONTIERS INCORPORATED
                               AND
              FILM TECHNOLOGIES INTERNATIONAL, INC.

     This License Agreement ("Agreement") effective as of March
28, 2001 by and between RESEARCH FRONTIERS
INCORPORATED, a Delaware corporation ("LICENSOR") and
FILM TECHNOLOGIES INTERNATIONAL, INC., a Florida
corporation (hereinafter called "LICENSEE").  The "Effective
Date" of this Agreement shall be the date which is the last date of
formal execution of this Agreement by duly authorized
representatives of the parties to this Agreement as indicated on the
signature page of this Agreement.

                             RECITALS

 WHEREAS, LICENSOR has been engaged in research and
development in the application of physicochemical concepts to
Light Valves, and Light Valve Film (both as hereinafter defined)
and of methods and apparatus relating to products incorporating
such concepts (which products, although not currently in
commercial use, can include, without limitation thereto, windows
for buildings and vehicles, sunvisors, sunroofs, flat panel displays,
eyewear and rear-view mirrors); and is possessed of and can convey
information and know-how for such products and rights to
manufacture, use and sell such products; and

 WHEREAS, LICENSEE is interested in buying SPD Emulsion
from other licensed  suppliers of LICENSOR and manufacturing
and selling Light Valve Film (as hereinafter defined); and

 WHEREAS, LICENSEE desires to acquire from LICENSOR,
and LICENSOR desires to grant to LICENSEE, certain rights and
licenses with respect to such technology of LICENSOR;

 NOW, THEREFORE, in consideration of the promises and the
mutual covenants herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows.

1     DEFINITIONS.

        The following terms when used herein shall have the
respective meanings set forth in this Article 1.

"Authorized User" means LICENSOR and/or any other person or
entity listed by LICENSOR on Schedule B hereof who has been
granted permission by LICENSOR to receive Light Valve Film
from LICENSEE under this Agreement.  LICENSEE agrees that
LICENSOR in its sole judgment may amend Schedule B hereof at
any time during the term of this Agreement for any reason by
sending LICENSEE a written notice of such amendment and
specifying the reason for such change.  The persons or entities now
or hereafter listed on Schedule B may not include all of
LICENSOR's current licensees and may include prospective
licensees of LICENSOR, and for legal or practical reasons,
LICENSOR may restrict whether or not Light Valve Film may be
sold, leased or transferred to such person or entity, and/or the
application that such Light Valve Film may be used for by the
recipient.  LICENSEE agrees that it and its permitted sublicensees
hereunder shall cease all sales, leases, or other dispositions of Light
Valve Film to any person or entity whose name is deleted from
Schedule B by LICENSOR, unless and until LICENSOR consents
in writing to the resumption of such sales, leases or other
dispositions (a) immediately upon receipt of any written notice
from LICENSOR that any person or entity is no longer included on
Schedule B, or (b) if either LICENSEE or its permitted sublicensees
becomes aware that any such person or entity listed on Schedule B
or otherwise receiving Light Valve Film is making any improper
use of Light Valve Film, in which case LICENSEE shall promptly
notify LICENSOR of such improper use.

"Licensed Territory " means all countries of the world.

"Light Valve" means a variable light transmission device
comprising: a cell including cell walls, containing or adapted to
contain an activatable material, described hereinafter, such that a
change in the optical characteristics of the activatable material
affects the characteristics of light absorbed by, transmitted through
and/or reflected from the cell; means incorporated in or on the cell,
or separate therefrom for applying an electric or magnetic field to
the activatable material within the cell; and coatings, (including, but
not limited to, electrodes), spacers, seals, electrical and/or
electronic components, and other elements incorporated in or on the
cell.  The activatable material, which the cell contains or is adapted
to contain, includes in it solid suspended particles, which when
subjected to a suitable electric or magnetic field, orient to produce
a change in the optical characteristics of the device, and may be
either in the form of a liquid suspension, gel, film or other material.

"Light Valve Film" means a film or sheet or more than one thereof
comprising a suspension of particles used or intended for use solely
in or as a Light Valve.  The Light Valve Film shall comprise either
(a) a suspension of particles dispersed throughout a continuous
liquid phase enclosed within one or more rigid or flexible solid
films or sheets, or (b) a discontinuous phase of a liquid comprising
dispersed particles, said discontinuous phase being dispersed
throughout a continuous phase of a rigid or flexible solid film or
sheet.  The Light Valve Film may also comprise one or more other
layers such as, without limitation, a film, coating or sheet or
combination thereof, which may provide the Light Valve Film with
(1) scratch resistance, (2) protection from ultraviolet radiation, (3)
reflection of infrared energy, and/or (4) electrical conductivity for
transmitting an applied electric or magnetic field to the activatable
material.

"SPD Emulsion" means any component or components used or
usable in or used or usable to make  a Light Valve Film, including,
but not limited to, particles, particle precursors, coatings, polymers,
liquid suspensions and suspending liquids, or any combination
thereof.

"Technical Information" means all useful information relating to
apparatus, methods, processes, practices, formulas, techniques,
procedures, patterns, ingredients, designs and the like including (by
way of example) drawings, written recitations of data,
specifications, parts, lists, assembly procedures, operating and
maintenance manuals, test and other technical reports and the like
owned or controlled by LICENSOR, to the extent they exist, that
relate to the suspensions used or usable for SPD Emulsion or Light
Valve Film and that consist of concepts invented or developed by
LICENSOR and which are deemed significant by LICENSOR.
Know-how of LICENSOR's suppliers and of LICENSOR's other
licensees and their sublicensees under licenses from LICENSOR
shall not be considered Technical Information owned or controlled
by LICENSOR.

2     GRANT OF LICENSE.

 2.1  License.  During the term of this Agreement, LICENSOR
hereby grants LICENSEE a non-exclusive right and license to use
(a) all of the Technical Information, if any, (subject to Section 8.1
hereof),  furnished by LICENSOR pursuant to this Agreement, and
(b) any invention claimed in (i) any of the unexpired patents now
or hereafter listed on Schedule A attached hereto or (ii) unexpired
patents which issue from pending patent applications now or
hereafter listed in Schedule A, and any continuations,
continuations-in-part, divisions, reissues, reexaminations, or
extensions thereof to make, and to lease, sell, or otherwise dispose
of Light Valve Film manufactured by LICENSEE pursuant to this
Agreement solely to an Authorized User in the Authorized User's
permitted territory and for the applications specified and purpose
permitted on Schedule B hereof.  The license granted pursuant to
this Section 2.1 shall be royalty-free to LICENSEE and its
permitted sublicensees hereunder.  By virtue of the disclosure of
Technical Information and training provided by LICENSOR under
this Agreement, all Light Valve Film sold, leased or otherwise
disposed of by or for LICENSEE hereunder shall be deemed to
have been manufactured at least in part using the Technical
Information provided by LICENSOR. The foregoing license is only
a license with respect to Light Valve Film and nothing contained in
this Agreement shall permit LICENSEE to make, sell, use or
otherwise dispose of SPD Emulsion or other Light Valve products.

 2.2   No Other Rights.  LICENSEE agrees that, except for the
specific licenses granted to it under Section 2.1 hereof, LICENSEE
has not acquired any rights or licenses under this Agreement to use
Light Valve Film or any components thereof made by or for
LICENSEE pursuant to this Agreement except for the purposes of
research and development pursuant to Section 4.1 hereof and as
specifically licensed in Section 2.1 hereof.

 2.3  Sublicenses.  LICENSEE shall have the right to grant non-
exclusive sublicenses to any wholly-owned and controlled
subsidiary of LICENSEE, whose obligations to LICENSOR
hereunder LICENSEE hereby guarantees, and which acknowledges
to LICENSOR in writing that it wishes to become a sublicensee
hereunder prior to doing so and agrees to be bound by the terms and
conditions of this Agreement. All sublicenses shall (i) be non-
exclusive, (ii) shall terminate with the termination of the rights and
licenses granted to LICENSEE under Section 2.1 hereof, and be
otherwise limited in accordance with the limitations and restrictions
which are imposed on the rights and licenses granted to LICENSEE
hereunder, (iii) contain confidentiality provisions no less protective
than those contained in Section 12.1 hereof, and (iv) shall contain
such other terms, conditions, and licenses as are necessary to enable
LICENSEE to fulfill its obligations hereunder. LICENSEE shall
send LICENSOR a copy of every sublicense agreement or other
agreement entered into by LICENSEE in connection with a
sublicense hereunder within thirty (30) days of the execution
thereof. LICENSOR may terminate any such sublicense if there is
any change in the ownership or control of a sublicensee.

3     REPORTS AND RECORD-KEEPING.

 3.1  Reports.  Within 45 days after the end of each fiscal
quarter, LICENSEE shall send to LICENSOR a quarterly report
setting forth in reasonable detail the quantity of Light Valve Film
manufactured each quarter and the amount of Light Valve Film
sold, leased, disposed of, or delivered by or for LICENSEE and its
sublicensees during such quarter to Authorized Users and samples
provided to third parties, with the amounts sold or otherwise
provided to each Authorized User, including sample recipients, and
their identity clearly broken down. The first report submitted under
this Agreement shall cover the period from the Effective Date of the
Agreement to the end of the first quarter in which Light Valve Film
are produced hereunder.  LICENSEE shall also furnish to
LICENSOR at the same time it becomes available to any third
party, a copy of each brochure, standard price list, advertisement or
other marketing and promotional materials prepared, published or
distributed by LICENSEE or its sublicensees relating to Light
Valve Film.

 3.2  Recordkeeping.  LICENSEE shall keep and shall cause
each sublicensee to keep for six (6) years after the date of
submission of each report supported thereby, true and accurate
records, files, data and books of accounts that relate to the
manufacture, sale or other disposition of  Light Valve Film,
reasonably required for the full computation and verification of the
information to be given in the statements herein provided for.
LICENSOR and LICENSEE agree that an independent certified
public accounting firm (selected by LICENSOR from the largest
ten certified public accounting firms in the United States of
America) may audit such records, files and books of accounts to
determine the accuracy of the statements given by LICENSEE
pursuant to Section 3.1 hereof.  Such an audit shall be made upon
reasonable advance notice to LICENSEE and during usual business
hours.  The cost of the audit shall be borne by LICENSOR,  unless
the audit shall disclose a material breach by LICENSEE of any
term of this Agreement, or an inaccuracy greater than 2% in any
report provided to LICENSOR by LICENSEE, during the audited
period, in which case LICENSEE shall bear the full cost of such
audit.  The results of the audit shall be kept confidential pursuant to
the provisions of Section 12.1 except to the extent required by a
party hereto to enforce its rights hereunder, or which is otherwise
required to be disclosed by law or under generally accepted
accounting principles.

4     OBLIGATIONS OF LICENSOR AND LICENSEE.

 4.1  Development of Light Valve Film. LICENSOR and
LICENSEE may cooperate to develop initial specifications for
Light Valve Film.  LICENSEE shall then use its reasonable efforts
to produce Light Valve Film meeting such specifications for the
evaluation and use of LICENSOR and licensees and prospective
licensees of LICENSOR, and for use by LICENSEE but only for
internal research and development. After consultation with
LICENSEE, LICENSOR may at any time propose additional size
or other specifications of the Light Valve Film to be produced
under this Agreement with the disclosure of additional Technical
Information to LICENSEE with respect to such size or other
specifications of Light Valve Film. LICENSEE may use all
commercially reasonable efforts throughout the term of this
Agreement to improve the quality of Light Valve Film.  However,
LICENSEE shall be solely responsible for determining the
specifications for all Light Valve Film, and for any improvements
therein.

 4.2  LICENSOR Purchases.  If LICENSEE is able to develop
and manufacture Light Valve Film suitable for use by Authorized
Users, upon request of LICENSOR and with reasonable prior
notice, LICENSEE shall sell and deliver to LICENSOR, Light
Valve Film or components thereof at LICENSEE's prevailing
market prices and in quantities mutually agreed upon by
LICENSOR and LICENSEE.  LICENSEE acknowledges that
LICENSOR and its present and/or future licensees (or entities who
have been granted the option of entering into license agreements
with LICENSOR) may independently manufacture (or have third
parties manufacture for them) and sell Light Valve Film under the
terms of agreements between them and LICENSOR, or may
independently manufacture and sell Light Valve Film which
LICENSOR produces, or has produced on its behalf.  Nothing
contained in this Agreement shall impose any obligation on
LICENSOR or any other parties to purchase any Light Valve Film
from LICENSEE.  Notwithstanding anything contained herein to
the contrary, during the term of this Agreement LICENSOR may
provide Light Valve Film obtained by LICENSOR pursuant to this
Section 4.2 to third parties so long as LICENSOR does not receive
from the recipient for the provision of such Light Valve Film any
monetary payment in excess of LICENSOR's purchase price plus
shipping, administrative, overhead and related costs to such
recipient.

 4.3 Compliance.  LICENSEE agrees that, without limitation,
any manufacture, sale, lease, use or other disposition of Light Valve
Film that is not in strict accordance with (1) the provisions of this
Agreement, (2) restrictions on the type of product, or the territory
in which such product may be, made, used, sold or otherwise
disposed of by or for an Authorized User, or other provisions or
restrictions, which are contained in any other agreement in force
between LICENSOR and an Authorized User which is  known to
LICENSEE which relates to Light Valves or Light Valve Film, or
(3) with the provisions of any other agreement then in force to
which LICENSEE is a party and which relates to Light Valves or
Light Valve Film, shall be deemed a material breach of this
Agreement.

 4.4  End Users.  LICENSEE agrees to require all direct
recipients of Light Valve Film to whom Light Valve Film is sold,
leased, or otherwise disposed of by LICENSEE or its sublicensees,
to look only to LICENSEE and not to LICENSOR or its affiliates
for any claims, warranties, or liability relating to such Light Valve
Film.  LICENSEE agrees to take all steps to reasonably assure itself
that Light Valve Film sold, leased or otherwise disposed of by or
for LICENSEE is being used for permitted application and territory
only.  If a party which is not then listed on Schedule B hereto
wishes to obtain samples of Light Valve Film or to purchase Light
Valve Film from LICENSEE, LICENSEE shall notify LICENSOR
and shall refer such party to LICENSOR.  If such party enters into
a suitable agreement with LICENSOR, LICENSOR shall inform
LICENSEE whether such party may then obtain samples or
purchase Light Valve Film from LICENSEE.

 4.5 Laws and Regulations.  LICENSEE agrees that it shall be
solely responsible for complying with all laws and regulations
affecting the manufacture, use and sale or other disposition of SPD
Light Valve Film by LICENSEE and its sublicensees, and for
obtaining all approvals necessary from governmental agencies and
other entities.  LICENSEE agrees to maintain a file of all such
approvals and to send LICENSOR a copy of all such approvals
(including English translations thereof in the case of approvals
required by any foreign country) within 10 business days of any
written request for such copies by LICENSOR.  LICENSEE
represents and warrants to LICENSOR that no approval from any
governmental agency or ministry, or from any third party, is
required to effectuate the terms of this Agreement or the
transactions contemplated hereby.

 4.6  Purchase of Components from Others.   By virtue of the
disclosure of Technical Information, other information, and
training, if any, provided from time to time by LICENSOR to
LICENSEE and to its other licensees, and each of their sublicensees
and affiliates, any component of a Light Valve, including, without
limitation, materials, suspensions, films, polymers, coatings,
particle precursors, and particles, SPD Emulsion (each, a
"Component"), which LICENSEE or its sublicensees makes, has
made for it, or purchases from any third party for use in Light
Valve Film shall be deemed to have been manufactured at least in
part using the Technical Information provided by LICENSOR if
LICENSEE or any supplier of a Component to LICENSEE has had
access to Technical Information of any kind of LICENSOR or its
licensees and their sublicensees, consultants, subcontractors, agents
or representatives.  LICENSEE and its sublicensees each hereby
agrees that (i) all Components shall be used only in strict
accordance with the provisions of this Agreement, and that such
Components may not be used for any other purpose or resold by
LICENSEE or its sublicensees except as specifically permitted by
the license granted in Section 2.1 hereof, and (ii) LICENSEE and
its sublicensees will only look to the manufacturer or supplier of
such Component or other item used by LICENSEE or its
sublicensees and not to LICENSOR or its affiliates for any claims,
warranties, or liability relating to such Component or other item.
LICENSEE acknowledges that LICENSOR has not made any
representations or warranties regarding the availability of any
Component, or the price thereof, and that in all respects LICENSEE
shall deal directly with the suppliers of such Components and will
obtain from them information regarding availability, pricing, and/or
other terms relating to such Components.

 4.7 No Warranties by LICENSOR.  LICENSOR does not
represent or warrant the performance of any material, Component,
or information provided hereunder, and LICENSEE expressly
acknowledges and agrees that any such material, Component or
information provided by LICENSOR hereunder is provided "AS
IS" and that LICENSOR makes no warranty with respect thereto
and  DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED,
INCLUDING BUT NOT LIMITED TO THE IMPLIED
WARRANTIES OF MERCHANTABILITY AND FITNESS FOR
A PARTICULAR PURPOSE, WITH RESPECT THERETO, ITS
USE OR ANY INABILITY TO USE IT, OR THE RESULTS OF
ITS USE. Except for any breach of the terms of this Agreement, in
no event shall any party to this Agreement be liable for any
damages, whether in contract or tort (including negligence),
including but not limited to direct, consequential, special,
exemplary, incidental and indirect damages, arising out of or in
connection with this Agreement or the use, the results of use, or the
inability to use any material, Component or information provided
hereunder.

 4.8 Analysis.  LICENSEE represents and agrees that it will
only incorporate Components received from authorized suppliers
into Light Valve Film and  for no other purpose, and that
LICENSEE will not directly or indirectly attempt to reverse-
engineer any material provided to it hereunder by LICENSEE or
any supplier of any Component.

 4.9  Personnel. LICENSEE agrees to assign personnel from its
technical staff  who shall work on the development of SPD
Emulsion and Light Valve Film during the term of this Agreement.

 4.10  No other obligations.  LICENSEE and LICENSOR have
no other obligations to each other except as expressly provided in
this Agreement.

5     TRADEMARKS.

 5.1  Trademarks.  All trademarks or service marks that either
party may adopt and use for SPD Emulsion, Light Valve Film, or
other products incorporating Light Valves are and shall remain the
exclusive property of the adopting party, and the other party shall
not obtain any rights and license to such marks under this
Agreement, but may inform others that the adopting party has
licensed or produced Light Valve Film, or products incorporating
Light Valves under such mark or marks, and may use the adopting
party's logo in connection therewith.  LICENSOR may require
LICENSEE or its permitted sublicensees to indicate on packaging
that such product is licensed from Research Frontiers Incorporated
or to otherwise include language and/or designations approved by
LICENSOR indicating an affiliation with Research Frontiers
Incorporated.

6     INSURANCE AND INDEMNIFICATION.

 6.1  Insurance.  LICENSEE shall maintain at all times ample
product liability and other liability insurance covering its operations
relating to the subject matter of this Agreement.

 6.2  Indemnification.  LICENSEE, and its affiliates, successors
and assigns and sublicensees (each, an "Indemnifying Party"), each
hereby indemnify and agree to hold harmless LICENSOR and its
shareholders, officers, directors, agents and employees (each, an
"Indemnified Party"), against any liability, damage, loss, fine,
penalty, claim, cost or expense (including reasonable costs of
investigation and settlement and attorneys', accountants' and other
experts' fees and expenses) arising out of any action or inaction by
any Indemnifying Party relating to this Agreement including an
Indemnifying Party's manufacture, sale, use, lease or other
disposition of Light Valve Film,  and related materials (other than
sales by LICENSEE to LICENSOR pursuant to Section 4.2 hereof),
or other use of the information and rights granted hereunder. Any
knowledge of LICENSEE's or its sublicensee's activities by
LICENSOR or its representatives shall in no way impose any
liability on LICENSOR or reduce the responsibilities of
LICENSEE hereunder or relieve it from any of its obligations and
warranties under this Agreement.

7     FUTURE PATENTS.

 7.1  Future Patents.  Each party, at its cost, shall have the right
to file patent applications in the United States and in foreign
countries covering any invention made by such party.

 7.2  Improvements and Modifications. (a) If during the term of
this Agreement, LICENSOR makes any improvements or
modifications which are invented or developed by or on behalf of
LICENSOR after the Effective Date of this Agreement and on or
before December 31, 2001, and which relate in any way to or are
useful in the design, operation, manufacture and assembly of Light
Valve Film, such improvements and modifications shall from time
to time be disclosed to LICENSEE and be automatically included,
on a non-exclusive basis, in the rights and licenses granted pursuant
to Section 2.1 hereof, and any patents and/or patent applications
relating thereto shall automatically be added to Schedule A hereof.

 (b) Any future improvements or modifications invented or
developed by or on behalf of LICENSEE, LICENSEE's
sublicensees and LICENSOR (other than as specifically described
in Sections 7.2(a)) after the Effective Date of this Agreement, if
any, which relate in any way to or are useful in the design,
operation, manufacture and assembly of SPD Emulsion, Light
Valve Film and/or to the suspensions or other components used or
usable in SPD Emulsion and/or Light Valve Film shall not be
included in this Agreement. Upon written request by the non-
inventing party, LICENSOR and LICENSEE shall negotiate with
each other regarding the grant of nonexclusive rights and licenses
to use such improvements and modifications, but neither party shall
be obligated to grant such rights and licenses to one another.

 (c)  During the term of this Agreement each of the parties
hereto agrees to inform the other in writing (without any obligation
to reveal details which would be confidential information), at least
as frequently as once a year in January of each calendar year, if any
significant improvements or modifications (other than as
specifically described in Section 7.2(a)) have been made relating to
the subject matter of this Agreement, and as to the general nature
of any such improvements and modifications.

 (d) Notwithstanding the foregoing, LICENSOR may, but shall
not be required to, voluntarily and without additional cost to
LICENSEE disclose certain information relating to future
improvements and modifications and license to LICENSEE rights
in such certain future improvements and modifications, and  any
information so disclosed will be considered Technical Information
which LICENSEE shall be obligated to keep confidential pursuant
to Section 12.1 of this Agreement.  In connection therewith,
LICENSOR, may voluntarily add patents and/or patent applications
to Schedule A hereof.  No disclosure of any information by
LICENSOR shall in any way establish a course of dealing or
otherwise require LICENSOR to make any future disclosure of
information under this Agreement.

 7.3  Foreign Patent Applications.  During the term of this
Agreement, LICENSEE shall have the right to designate that any
patent application now or hereafter listed on or incorporated into
Schedule A shall be filed or maintained in any foreign country. If
so designated and if legally possible to do so, LICENSOR agrees
to promptly file, prosecute and maintain such applications and
resulting patents, and LICENSEE shall pay to LICENSOR the
complete cost, including reasonable attorney's fees, to file,
prosecute and maintain any such patent application and resulting
patents specifically so designated by LICENSEE.

8     TECHNOLOGY TRANSFER.

 8.1.  Documentation. Within thirty calendar days after the
Effective Date of this Agreement, LICENSOR shall furnish
LICENSEE with all Technical Information owned or controlled by
LICENSOR, which is reasonably necessary or desirable in order for
LICENSEE to manufacture Light Valve Film.  Such Technical
Information, which relates to experimental products, shall include,
without limitation thereto (1) a document entitled Handbook of
Technical Information Relating to Variable Density Optical
Devices Incorporating an Activatable Material which contains
confidential and proprietary information of LICENSOR relating to
the materials, specifications, formulation, manufacturing method
and manufacturing equipment relating to Light Valve Film and (2)
photocopies of all U.S. Patents and patent applications relating to
Light Valve Film owned or controlled by LICENSOR as of the
Effective Date of this Agreement. LICENSOR shall not be
obligated hereunder to furnish copies of LICENSOR's foreign
patents and patent applications, but will furnish a list thereof in
Schedule A hereto.

 8.2   Training.  LICENSEE's technically skilled personnel
designated by LICENSEE (with travel and living expenses paid by
LICENSEE) shall make one or more visits for training relating to
the manufacture of Light Valve Film, and to inspect LICENSOR's
research and development facilities relating to Light Valve Film.
The visits of employees of LICENSEE to LICENSOR's facility
shall be carried out within the six-month period commencing with
the Effective Date of this Agreement, and shall not exceed 200
man-hours during such period. To assist LICENSEE's employees
while they are at LICENSOR's facility, LICENSOR's technical
staff shall provide up to 200 man-hours assistance during such
period at no cost to LICENSEE.  Additionally, there shall be no
cost to LICENSEE for materials used for training during the initial
training at LICENSOR's facility.

 8.3 Materials and Additional Training.  Upon request by
LICENSEE during the term of this Agreement, and when mutually
convenient to LICENSOR and LICENSEE, LICENSOR shall
supply LICENSEE with additional training in LICENSOR's or
LICENSEE's facility and with small quantities of materials related
to SPD Emulsion for experimental use only by LICENSEE, and
shall charge LICENSEE $750 per man/day plus the cost of any
other materials used in providing such training or making such
materials, plus the cost of shipping such materials to LICENSEE.
The respective number of engineers for dispatch and the duration
of their stay shall be agreed to by LICENSOR and LICENSEE
separately from time to time.  All expenses to be incurred in
connection with the dispatch of LICENSOR's engineers under this
Section 8.3 including the traveling and living expenses of such
engineers of LICENSOR shall be borne and paid by LICENSEE.
Each invoice submitted by LICENSOR for such service shall
include detailed explanations of the charges, and, if requested by
LICENSEE, copies of receipts.  The parties acknowledge that
LICENSOR has no obligation to transfer to LICENSEE any
Technical Information other than as may be embodied in such
sample materials, and that, other than sample materials, if any, that
may be supplied by LICENSOR as aforesaid, LICENSEE will be
acquiring materials from authorized suppliers other than
LICENSOR.

 8.4 Inquiries. LICENSEE and LICENSOR may also at any
time during the term of this Agreement make reasonable inquiry by
telephone, facsimile or mail to one another in regard to any
information or data furnished by LICENSOR to LICENSEE
pursuant to this Agreement.

 8.5 Visits.  During all visits by either party to the facilities of
the other party, visitors shall comply with all reasonable rules of the
host company, and each party to this Agreement will indemnify and
hold the other party harmless from any liability, claim or loss
whatsoever (i) for any injury to, or, death of, any of its employees
or agents while such persons are present at the facility of the other
party; and (ii) for any damages to its own property or to the
property of any such employee or agent which may occur during
the presence of any such person at the facility of the other party,
regardless of how such damage occurs, if the rules of the host are
followed.

 8.6  Sole Purpose.  Any documentation or information
supplied pursuant to this Agreement by either party to the other
shall be used solely for the purposes set forth in this Agreement.

9     INTELLECTUAL PROPERTY PROTECTION
RESPONSIBILITIES.

 9.1  Proprietary Rights: Notices.  Each party shall provide
appropriate notices of patents, or other similar notice of the patent
rights of the other party on all products utilizing the patented
inventions of the other party if patent marking is required by law or
to protect a party's intellectual property rights.  Either party may
add its own patent notice to any copy or embodiment which
contains its patented inventions.

 9.2  LICENSOR Exclusive Owner.  LICENSEE hereby
acknowledges LICENSOR as purporting to be the sole and
exclusive owner of the patents and patent applications listed on
Schedule A, and that, except for the rights granted hereunder,
LICENSEE shall not have any rights or attempt to assert any
ownership rights in and to those patents and patent applications.

10    TERM AND TERMINATION.

 10.1  Term.  The term of this Agreement shall extend from the
Effective Date of this Agreement to the date of termination of this
Agreement.  Unless sooner terminated or extended, as herein
provided for below, this Agreement shall terminate upon  the
expiration of the later of (A) the last to expire of the patents now or
hereafter listed in Schedule A hereof, and (B) the expiration of the
period in which LICENSEE is obligated to maintain confidential
Technical Information of LICENSOR pursuant to Section 12.1
hereof.

 10.2  Termination by LICENSEE. LICENSEE may terminate
this Agreement effective as of December 31, 2004 or as of any
anniversary thereof by giving LICENSOR prior notice thereof
unless sooner terminated as hereinafter provided.  Such notice shall
be made in writing and shall be given between 60 and 90 days prior
to the effective date for which such termination is to be effective.
If LICENSEE decides to terminate this Agreement for any reason,
LICENSEE shall provide LICENSOR, along with the
aforementioned notice of termination, with a written report
describing the reasons for such termination.  After  the expiration
or termination of this Agreement, LICENSEE shall have no right to
sell, and no obligation to manufacture and deliver, Light Valve
Film to any Authorized User or to any other party.

 10.3  Termination by LICENSOR. LICENSOR may  terminate
this Agreement at any time effective as of December 31, 2004 or as
of any anniversary thereof  upon at least 30 days' notice to
LICENSEE for any reason, provided, however, that LICENSOR
shall give LICENSEE at least one years' notice of any early
termination under this Section 10.3 if LICENSEE is producing and
selling Light Valve Film hereunder.  Notwithstanding the
foregoing, LICENSOR may  terminate this Agreement at any time
upon at least 30 days' notice to LICENSEE if LICENSEE shall
have failed to make any payment when due or at any time breach
any material term of this Agreement and such payment is not made
or such breach is not cured within any applicable cure period
specified in Article 11 of this Agreement, or repeatedly provide
inaccurate reports hereunder, or if there has been a cessation by
LICENSEE of general operations or of work related to Light Valve
Film.

 10.4  Effect of Termination.  If this Agreement expires or is
terminated for any reason whatsoever, in addition to any other
remedies which one party may have against the other: (1) all of
LICENSEE's rights and licenses under this Agreement shall cease,
and LICENSEE shall immediately return to LICENSOR all
Technical Information furnished to LICENSEE under this
Agreement, together with all reproductions, copies and summaries
thereof; provided, however, that LICENSEE may retain solely for
archival purposes one copy of all such documents in its legal
department files, (2) at LICENSOR's option, LICENSEE shall,
within 30 days of the date of such termination, either (A) sell and
deliver to LICENSOR under the terms specified in Section 4.2 any
Light Valve Film which shall then be in the possession of
LICENSEE, and, if requested by LICENSOR, LICENSEE shall
finish and deliver to LICENSOR any Light Valve Film in the
process of manufacture as soon as possible and, in any case, not
later than 30 days after receiving LICENSOR's request, and/or (B)
with respect to any unsold inventory and work in the process of
manufacture, to complete such work in process and sell any
remaining inventory during the period not to exceed six months
from the date of termination or expiration of this Agreement
provided that at the completion of such six-month period,
LICENSEE shall promptly destroy and dispose of any  Light Valve
Film (and Light Valve Film in the process of manufacture) not sold
under this Section 10.4 and (3) if this Agreement is terminated for
any reason on or before December 31, 2004, LICENSEE hereby
grants to LICENSOR a nonexclusive, royalty-free, irrevocable,
worldwide license with the right to grant sublicenses to others to
utilize all technical information, improvements and/or
modifications  (but only if they are, or become, the subject of
patents or pending patent applications) developed or invented by or
on behalf of LICENSEE and/or its sublicensees, subcontractors, or
agents hereunder through the date of such termination of this
Agreement relating to Light Valves, Light Valve Film or SPD
Emulsion which relate to or arise out of Technical Information
disclosed by LICENSEE to LICENSOR, and upon such
termination, LICENSEE shall provide LICENSOR in reasonable
detail complete information regarding such technical information,
improvements and/or modifications.  The foregoing license shall be
self-effectuating, but LICENSEE agrees upon written notice by
LICENSOR at any time hereafter to deliver to LICENSOR within
30 days of such notice any document or other instrument
reasonably requested by LICENSOR to convey such license rights
to LICENSOR such as, by way of example, confirmations or
instruments of conveyance or assignment.  No termination of this
Agreement by expiration or otherwise shall release LICENSEE or
LICENSOR from any of its continuing obligations hereunder, if
any, or limit, in any way any other remedy one party may have
against the other party.  Notwithstanding the foregoing,
LICENSEE's obligations to LICENSOR under Sections 3.1, 3.2,
4.6, 4.7, 4.8, 6.1, 6.2, 7.2, 8.5, 10.2, 10.4, 12.1, and Articles 13 and
14 shall survive any termination or expiration of this Agreement.

11    EVENTS OF DEFAULT AND REMEDIES.

 11.1  Events of Default.  Each of the following events shall
constitute an "Event of Default" under this Agreement:

 11.1.1    (a) A party's material breach or material failure to
punctually perform any of its duties and obligations under this
Agreement, which material breach or failure, if curable, remains
uncured for thirty (30) days after written notice of such breach or
failure is received by the breaching party; or (b) a material
misrepresentation is made by a party in any representation or
warranty contained in this Agreement and the misrepresented facts
or circumstances, if curable, remain uncured thirty (30) days after
written notice of such misrepresentation is received by the
breaching party; and, in either case, if such breach or
misrepresentation is not curable, termination shall occur thirty (30)
days after such misrepresentation or breach at the option of the non-
breaching party; or

 11.1.2    The failure by a party upon request to provide the
other party with adequate assurances of its performance of all
obligations under this Agreement upon: (a) such first party's filing
of a voluntary petition in bankruptcy; (b) the filing of any
involuntary petition to have such first party declared bankrupt
which has not been dismissed within ninety (90) days of its filing;
(c) the appointment of a receiver or trustee for such first party
which has not been rescinded within ninety (90) days of the date of
such appointment; or (d) such first party otherwise becoming
insolvent or otherwise making an assignment for the benefit of
creditors.

 11.2  Default by a Party.  If there occurs an Event of Default
with respect to a party, the other party may:

       (a)  seek damages; and/or

 (b)  seek an injunction or an order for mandatory or specific
performance; and/or

       (c)  terminate this Agreement and the licenses granted to
      LICENSEE hereunder whereupon the non-defaulting
      party shall have no further obligations under this
      Agreement except those which expressly survive
      termination.

12    CONFIDENTIALITY.

 12.1  Confidential Information. (a) LICENSEE agrees for
itself, its sublicensees, and their employees and agents that for
twenty (20) years from the  later of the Effective Date of this
Agreement or the latest date of its receipt of information disclosed
to LICENSEE by LICENSOR pursuant to this Agreement, such
information shall be held in confidence; provided, however, there
shall be no obligation to treat as confidential information which is
or becomes available to the public other than through a breach of
this obligation, or which was already possessed by LICENSEE in
writing (or otherwise provable to be in the possession of
LICENSEE) prior to the Effective Date of this Agreement  (and
was not received from LICENSOR) or which is shown by
LICENSEE to have been received by it from a third party who had
the legal right to so disclose it without restrictions and without
breach of any agreement with LICENSOR or its licensees. The
burden of proving the availability of any exception of
confidentiality shall be on the LICENSEE. LICENSOR shall affix
an appropriate legend on all written documentation given to
LICENSEE which contains confidential information.    LICENSEE
acknowledges that the list of patent applications contained on
Schedule A shall be deemed to be confidential information. Other
than for the oral information conveyed during the training
conducted pursuant to Sections 8.2 and 8.3 hereof, if any, all of
which shall be deemed to be confidential information, if
confidential information is otherwise conveyed orally by
LICENSOR after training has been completed, LICENSOR shall
specify to LICENSEE at the time such information is being
conveyed (or in a subsequent letter referring to the conversation)
that the information conveyed is confidential.  It is understood and
agreed that, unless otherwise provided in a separate agreement
between LICENSEE and LICENSOR, LICENSEE has no
obligation hereunder to provide LICENSOR with any confidential
or proprietary information, and that LICENSOR shall have no
obligation hereunder to LICENSEE to maintain in confidence or
refrain from commercial or other use of any information which
LICENSOR is or becomes aware of under this Agreement.  The
terms and provisions of this Agreement or any other agreement
between the parties shall not be considered confidential, and the
parties hereto acknowledge that, pursuant to the Securities
Exchange Act of 1934, as amended, and the regulations
promulgated thereunder,  LICENSOR may file copies of this
Agreement with the Securities and Exchange Commission and with
NASDAQ and with any other stock exchange on which
LICENSOR's securities may be listed.  LICENSEE agrees that for
the period of time during which LICENSEE is obligated to keep
Technical Information confidential hereunder, LICENSEE will not
make, use, sell, lease or otherwise dispose of products using or
directly or indirectly derived from confidential information or
sample materials supplied to LICENSEE by LICENSOR or its
licensees, sublicensees, or any of their affiliates relating to Light
Valve Film, SPD Emulsion or Light Valves or which otherwise
comprise suspended particles, which when subjected to a suitable
electric or magnetic field, orient to produce a change in the optical
characteristics of the suspension ("SPD Technology") unless an
agreement between LICENSOR and LICENSEE permitting it to do
so is in full force and effect and the royalties, if any, provided in
such agreement are being paid to LICENSOR on such products.
The foregoing restriction shall not apply to products (i) which do
not directly or indirectly incorporate SPD Technology, such as, but
not limited to, liquid crystal devices, electrochromic devices, or
similar technology, or (ii) which incorporate technology involving
suspended particles, which when subjected to a suitable electric or
magnetic field, orient to produce a change in the optical
characteristics of the suspension but which is independently
developed and which is not in any way directly or indirectly
derived from any Technical Information of LICENSOR or its
licensees, sublicensees, or any of their affiliates. LICENSEE shall
have the burden of proving by clear and convincing evidence that
the availability of any exception of confidentiality exists or that the
foregoing restrictions do not apply to a particular product.  Nothing
contained in this section, however, shall be construed as granting
LICENSEE any rights or licenses with respect to any Technical
Information or patents of LICENSOR or its other licensees or their
sublicensees.

 (b) LICENSEE will have the right to provide materials to, and
to disclose information of LICENSOR to a subcontractor relating
to this Agreement; provided, however, that LICENSEE shall only
disclose such information as is strictly necessary to enable said
subcontractor to perform its manufacturing task, and provided that
prior to disclosing any information to said subcontractor, said
subcontractor has signed a secrecy agreement with LICENSEE at
least as protective of LICENSOR's Technical Information as the
provisions of this Agreement, including, without limitation, said
subcontractor's specific agreement to be bound by the provisions of
Section 12.1 hereof to the same extent as LICENSEE.  For such
purposes, LICENSEE may develop a standard form of secrecy
agreement for LICENSOR's approval, after which LICENSEE may
use such secrecy agreement with all subcontractors without
LICENSOR's prior approval of the secrecy agreement being
necessary. LICENSEE shall have all subcontractors sign said
secrecy agreement prior to the disclosure of  Technical Information
to said subcontractor, and LICENSEE shall send LICENSOR a
copy of every such secrecy agreement within thirty (30) days after
the execution thereof.

13    WARRANTIES AND REPRESENTATIONS.

 13.1  Reciprocal Representations.  Each party represents and
warrants to the other that:

 13.1.1  Valid Agreement.  The execution and delivery of this
Agreement by the officer or representative so doing, and the
consummation of the transactions contemplated hereby, have been
duly authorized by all necessary corporate action by LICENSOR
and LICENSEE and this Agreement is a valid and binding
obligation enforceable against the parties in accordance with its
terms, except to the extent limited by bankruptcy, insolvency,
moratorium and other laws of general application relating to general
equitable principles;

 13.1.2 No Conflicts.  Nothing herein conflicts with its rights
and obligations pursuant to any agreement by a party and any other
entity; and

 13.1.3  Publicity. The parties shall have the right to use non-
confidential information, including but not limited to information
concerning this Agreement, for marketing, sales, technical
assistance, investor relations, disclosure and public relations
purposes, and that information permitted to be disclosed by a party
under this Section 13.1.3 may appear on such party's (or its
subsidiaries'or sublicensees') Internet web site, along with links to
the Internet web sites, and specific pages therefrom, of the other
party and its subsidiaries and sublicensees.

 13.2  LICENSOR Representations.  LICENSOR represents
and warrants, for the benefit of LICENSEE, that:

 13.2.1  Title.  As of the date hereof, LICENSOR represents
and warrants that  it has the right to convey the rights and licenses
granted by this Agreement, and otherwise to perform its obligations
under this Agreement. LICENSOR has caused its employees who
are employed to do research, development, or other inventive work
to disclose to it any invention or information within the scope of
this Agreement and to assign to it rights in such inventions and
information in order that LICENSEE shall receive, by virtue of this
Agreement, the licenses granted to it under Section 2.1 hereof.

 13.2.2  Infringement.  As of the date hereof, LICENSOR is not
aware of any claim for patent infringement or the misappropriation
of trade secrets, being asserted against it by any third party; or of
any infringement of the patents listed on Schedule A hereto by any
entity.

 13.2.3 Patents in Force.  To the best of LICENSOR's
knowledge, all of the patents listed on Schedule A hereto are
currently in force.

 13.3 No Warranty.  LICENSOR and LICENSEE make no
guaranty or warranty to one another under this Agreement (a) that
LICENSEE will be able to develop, manufacture, sell or otherwise
commercialize Light Valve Film, or (b) as to the validity of any
patent.

 13.4 Representation.  LICENSOR hereby represents and
warrants that, as of the Effective Date hereof,  to the best of its
knowledge there have been no claims, actions or proceedings
brought or threatened against it or its licensees alleging that any
SPD Emulsion, Light Valve Film, and Light Valves manufactured
using Technical Information or other technical information
disclosed by LICENSOR constitutes infringement of any patent or
intellectual property right of any third party, nor is LICENSOR
aware of any patent or intellectual property right of any third party
which would be infringed by LICENSEE's manufacture, use or sale
of Light Valve Film if LICENSEE's manufacture, use or sale of
Light Valve Film is done in strict compliance with the terms and
conditions of this Agreement and only uses Technical Information
disclosed by LICENSOR hereunder.

14     MISCELLANEOUS.

 14.1  Applicable Law.  This Agreement shall be interpreted,
construed, governed and enforced in accordance with and governed
by the laws of the State of New York, and LICENSOR and
LICENSEE hereby submit to the exclusive jurisdiction of the state
or federal courts located in the County of Nassau and State of New
York for such purposes.  Should any dispute arise between
LICENSOR and LICENSEE in connection with this Agreement,
LICENSOR and LICENSEE shall first endeavor to settle such
dispute in an amicable manner through mutual consultation.

 14.2  Confidentiality In Court Proceeding.  In order to protect
and preserve the confidential information of a party which the
parties recognize may be exchanged pursuant to the provisions of
this Agreement, the disclosing party may request, and the receiving
party shall not oppose, the court in any action relating to this
Agreement to enter a protective order to protect information which
is confidential information under Section 12.1 and to seal the record
in the action or to hold the proceedings, or portion of the
proceedings, in camera; provided, that the requested terms do not
prejudice the receiving party's interests.  Nothing, however, shall
preclude either party from thereafter moving to unseal its own
records or to have matter and information designated as confidential
under any relevant protective order designated otherwise in
accordance with the circumstances as they shall appear at that time.

 14.3  Severability.  If any provision of this Agreement is
declared or found to be illegal, unenforceable or void, the parties
shall negotiate in good faith to agree upon a substitute provision
that is legal and enforceable and is as nearly as possible consistent
with the intentions underlying the original provision.  If the
remainder of this Agreement is not materially affected by such
declaration or finding and is capable of substantial performance,
then the remainder shall be enforced to the extent permitted by law.

 14.4  Waiver.  Unless agreed to by the parties in writing to the
contrary, the failure of either party to insist in any one or more
instances upon the strict performance of any one or more of the
provisions of this Agreement, or to exercise any right contained in
this Agreement or provided by law, shall not constitute or be
construed as a waiver or relinquishment of the performance of such
provision or right or the right subsequently to demand such strict
performance or exercise of such right, and the rights and obligations
of the parties shall continue unchanged and remain in full force and
effect.

 14.5  Captions.  The captions and headings in this Agreement
are inserted for convenience and reference only and in no way
define or limit the scope or content of this Agreement and shall not
affect the interpretation of its provisions.

 14.6  Assignment. This Agreement shall be binding on and
shall inure to the benefit of the parties and their successors and
assigns.  However, LICENSEE agrees that it shall not assign this
Agreement or its rights hereunder without the prior written consent
of LICENSOR except to a successor to substantially all of its
business relating to Light Valves and whose obligations hereunder
are guaranteed to LICENSOR by LICENSEE.  LICENSOR may
assign all of its rights and obligations hereunder to any successor to
any of its business interests or to any company controlling or
controlled by LICENSOR. All assignees shall expressly assume in
writing the performance of all the terms and conditions of this
Agreement to be performed by the assigning party, and an
originally signed instrument of such assumption and assignment
shall be delivered to the non-assigning party within 30 days of the
execution of such instrument.

 14.7  Schedules.  All Schedules attached to this Agreement
shall be deemed to be a part of this Agreement as if set forth fully
in this Agreement.

 14.8  Entire Agreement.  This Agreement constitutes the entire
understanding and agreement between LICENSOR and LICENSEE
with respect to the subject matter hereof, supersedes all prior
agreements, proposals, understandings, letters of intent,
negotiations and discussions with respect to the subject matter
hereof and can be modified, amended, supplemented or changed
only by an agreement in writing which makes specific reference to
this Agreement and which is executed in writing by the parties;
provided, however, that either party may unilaterally waive in
writing any provision imposing an obligation on the other.

 14.9  Notices.  Any notice required or permitted to be given or
made in this Agreement shall be in writing and shall be deemed
given on the earliest of (i) actual receipt, irrespective of method of
delivery, (ii) on the delivery day following dispatch if sent by
express mail (or similar next day courier service), or (iii) on the
sixth day after mailing by registered or certified air mail, return
receipt requested, postage prepaid and addressed as follows:

LICENSOR:  Robert L. Saxe, President
           Research Frontiers Incorporated
           240 Crossways Park Drive
           Woodbury, New York 11797-2033 USA
                                     Facsimile:     (516) 364-3798
                                     Telephone:     (516) 364-1902

LICENSEE:  Frank Miro, Executive Vice President
           Film Technologies International, Inc.
           2544 Terminal Drive South
           St. Petersberg, Florida 33712
                                     Facsimile:     (727) 327-0062
                                     Telephone:     (727) 327-2544

or to such substitute addresses and persons as a party may designate
to the other from time to time by written notice in accordance with
this provision.

 14.10 Bankruptcy Code.  In the event that either party should
file a petition under the federal bankruptcy laws, or that an
involuntary petition shall be filed against such party, the parties
intend that the non-filing party shall be protected in the continued
enjoyment of its rights hereunder to the maximum feasible extent
including, without limitation, if it so elects, the protection conferred
upon licensees under section 365(n) of Title 17 of the U.S. Code.
Each party agrees that it will give the other party immediate notice
of the filing of any voluntary or involuntary petition under the
federal bankruptcy laws.

 14.11  Construction.  This Agreement and the exhibits hereto
have been drafted jointly by the parties and in the event of any
ambiguities in the language hereof, there shall no be inference
drawn in favor or against either party.

 14.12  Counterparts.  This Agreement may be executed in any
number of counterparts, each of which shall be deemed an original,
but all of which shall constitute one and the same instrument.

 14.13 Status of the Parties.  The status of the parties under this
Agreement shall be solely that of independent contractors. No party
shall have the right to enter into any agreements on behalf of the
other party nor shall it represent to any person that it has such right
or authority.

 The parties, through their duly authorized representatives, and
intending to be legally bound, have executed this Agreement, as of
the date and year first above written, whereupon it became effective
in accordance with its terms.

RESEARCH FRONTIERS INCORPORATED



By:_____________________________________________
                           Robert L. Saxe, President
                           Date: March 28, 2001

FILM TECHNOLOGIES INTERNATIONAL, INC.



By:___________________________________________
                          Frank Miro, Executive Vice President
                          Date: March 27, 2001

                               Schedule A
                         (As of March 28, 2001)

                LIST OF UNITED STATES, INTERNATIONAL AND
                FOREIGN PATENTS AND PATENT APPLICATIONS

                                                   Date    Expiration
Patents in the United States                            Issued  Date


4,407,565                 Robert L. Saxe
           "Light Valve Suspension Containing
               Fluorocarbon Liquid"                10/04/83  1/16/01


4,422,963                 Robert I. Thompson et al
           "Improved Light Polarizing Materials
              and Suspension Thereof"              12/27/83
12/27/00


4,772,103                 Robert L. Saxe
           "Light Valve Containing an Improved
               Suspension, and Liquids Therefor"   9/20/88   8/8/06


4,877,313                 Robert L. Saxe et al
           "Light Polarizing Materials and
                     Suspensions Thereof"                10/31/89  2/10/09


5,002,701                 Robert L. Saxe
           "Light Polarizing Materials and
               Suspensions Thereof"                3/26/91  10/27/09


5,093,041                 Joseph A. Check, III et al
           "Light-Polarizing Material Based on
               Ethylene-diamine Polyacetic Acid
               Derivatives"                        3/03/92   7/30/10


5,111,331                 Paul Rosenberg
           "Electro-Optical Light Modulator"       5/05/92    7/5/09


5,130,057                 Robert L. Saxe
           "Light Polarizing Materials and
               Suspensions Thereof"                7/14/92
10/31/06



                         Schedule A (Continued)

                                                   Date    Expiration
Patents in the United States                            Issued  Date

5,279,773                 Robert L. Saxe
           "Light Valve Incorporating A Suspension
                Stabilized With A Block Polymer"   1/18/94   3/23/12


5,325,220                 Robert L. Saxe
           "Light Valve With Low Emissivity
                 Coating As Electrode"                 6/28/94    3/9/13


5,463,491                 Joseph A. Check III
           "Light Valve Employing a Film Comprising
             An Encapsulated Liquid Suspension And
                 Method of Making Such Film"           10/31/95   11/6/12


5,463,492                 Joseph A. Check III
           "Light Modulating Film of Improved
                  Clarity For A Light Valve"           10/31/95  11/6/12


5,461,506                 Joseph A. Check III et al
           "Light Valve Suspensions Containing A
             Trimellitate Or Trimesate And Light
                Valves Containing The Same"           10/24/95   5/11/13


5,467,217                 Joseph A. Check III et al
           "Light Valve Suspensions and Films
             Containing UV Absorbers and Light
                Valves Containing The Same"           11/14/95   5/11/13


5,516,463                 Joseph A. Check III et al
           "Method of Making Light
                Polarizing Particles"              05/14/96  07/08/14


5,650,872                 Robert L. Saxe et al
           "Light Valve Containing
                Ultrafine Particles"               07/22/97  07/22/14

5,728,251                 Joseph A.  Check, III
                "Light Modulating Film of Improved
                  UV Stability For a Light Valve"       03/17/98  09/27/15

                          Schedule A (Continued)

                                                   Date    Expiration
Patents in the United States                            Issued  Date


                     6,114,405            Huifang Zhuang et al
           "Ultraviolet Radiation-Curable
           Light-Modulating Film for a Light
           Valve, and Method of Making Same"  09/05/00 10/09/17


                     6,156,239            Robert L. Saxe et al
           "Light Polarizing Material, Liquid
           Suspensions and Films Thereof, and Light
                    Valve Incorporating Same"               12/05/00 2/26/19



                   PENDING UNITED STATES APPLICATIONS

Serial Number                                                Filing Date

[Confidential Information Omitted and filed separately with the
Securities and Exchange Commission]

In addition to the p|atents and patent applications listed above, Research
Frontiers Incorporated has purchased from Glaverbel, SA a number of
patents and patent applications which are in the process of being
assigned to Research Frontiers Incorporated.  This Schedule A will be
amended in the future to include such patents and patent applications
when such assignments are complete and a final list is made available to
Research Frontiers Incorporated.

*-indicates a patent
<PAGE>
                               Schedule B

                          (As of March 28, 2001)


           LIST OF ELIGIBLE CUSTOMERS (AUTHORIZED USERS) FOR
                            LIGHT VALVE FILM

Name of Customer                    Licensed Application     Permitted Territory
Research Frontiers Incorporated     All applications         Worldwide

AP Technoglass Co.                  Sunroof glass for other licensees Worldwide

Glaverbel, S.A.                Automotive vehicle rear-view mirrors,  Worldwide
                          transportation vehicle sunvisors, and (except  Korea
                          architectural and automotive windows    for windows)

Global Mirror GmbH        Rear-view mirrors and sunvisors           Worldwide

Hankuk Glass Industries Inc. Broad range of SPD light control products Worldwide
                            including windows, flat panel displays,
                            automotive vehicle rear-view mirrors and
                          sunvisors (installed as original equipment
                          on Korean-made cars), and sunroofs; SPD film
                          for licensees and prospective licensees

InspecTech Aero Service, Inc.    Aircraft windows and cabin dividers  Worldwide
                                                                 (except Korea)

Material Sciences Corp.     Architectural and automotive windows     Worldwide
                                                                  (except Korea)

ThermoView Industries, Inc. Architectural windows                  Worldwide
                                                                 (except Korea)

Vision-Ease Lens Azusa,Inc. Eyewear                                Worldwide

[INFORMATION REGARDING OTHER AUTHORIZED USERS
WILL BE PROVIDED BY LICENSOR TO LICENSEE FROM TIME
TO TIME IN THE FUTURE]