UNITED STATES


AMENDMENT
NO. 1 TO PATENT LICENSE AGREEMENT


Between


Alliance
for Sustainable Energy, LLC and


Natcore
Technology Inc.


This Amendment to License Agreement LIC-12-00206
(hereinafter “License”), shall be effective on the date it is executed by the
last Party to sign below, is between Alliance for Sustainable Energy, LLC
(hereinafter “Alliance”), as Manager and Operator of the National Renewable
Energy Laboratory (“NREL”) located at 15013 Denver West Parkway, Golden,
Colorado 80401 and Natcore Technology Inc., (hereinafter “Licensee”), a
for-profit company organized and existing under the laws of Province British
Columbia and having a principal place of business at 47 Club Way, Red Bank, New
Jersey, USA 07701. The parties to this agreement may be hereinafter referred to
individually as “Party” and jointly as “Parties”.


BACKGROUND:


Alliance manages and operates NREL under authority of
its Prime Contract No. DE-AC36-08G028308 with the United States Government as
represented by the Department of Energy;


The Parties executed the Patent License Agreement on
December 12, 2011 (Exclusive Patent License Agreement 12-00206). The Parties
wish to modify a section of the License pertaining to Licensed Intellectual
Property.


TERMS
& CONDITIONS:


THEREFORE, in consideration of the foregoing covenants
and agreements contained herein and for a payment of $7,500 due within thirty
(30) days of the execution of this Amendment 1, the Parties agree to the
following amendments to the License:


          1.
Exhibit A: Licensed Patents shall be deleted and replaced with the following:


EXHIBIT A: LICENSED PATENTS


	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 NREL ROI
 No.

 	
  

 	
 Country

 	
  

 	
 Title

 	
  

 	
 Patent/Patent
 Application No.

 	
  

 	
 Filing/Issue Date

 
	 

 	
  

 	 

 	
  

 	 

 	
  

 	 

 	
  

 	 

 
	
 07-10

 	
  

 	
 USA

 	
  

 	
 “Nanoparticle-Based Etching of Silicon Surfaces”

 	
  

 	
 8,075,792

 	
  

 	
  

 
	
 07-17

 	
  

 	
 USA

 	
  

 	
 “Anti-reflection Etching of Silicon Surfaces Catalyzed with Ionic Metal
 Solutions”

 	
  

 	
 12/053,445

 	
  

 	
  

 
	
 07-17CN

 	
  

 	
 China

 	
  

 	
 “Anti-reflection Etching of Silicon Surfaces Catalyzed with Ionic Metal
 Solutions”

 	
  

 	
 2009801102743

 	
  

 	
  

 
	
 07-17EU

 	
  

 	
 European Union

 	
  

 	
 “Anti-reflection Etching of Silicon Surfaces Catalyzed with Ionic Metal
 Solutions”

 	
  

 	
 09722988.4

 	
  

 	
  

 
	
 09-10

 	
  

 	
 PCT

 	
  

 	
 “Wet-Chemical Systems and
 Methods for Producing Black Silicon
 Substrates”

 	
  

 	
 PCT/US10/56417

 	
  

 	
  

 
	
 09-69

 	
  

 	
 USA

 	
  

 	
 Forming High-Efficiency Silicon Solar Cells Using Density-Graded
 Anti-Reflection Surfaces

 	
  

 	
 12/797,590

 	
  

 	
  

 
	
 n-43

 	
  

 	
 PCT

 	
  

 	
 “Efficient Black Silicon Photovoltaic Devices with Enhanced Blue
 Response”

 	
  

 	
 PCT/US11/27479

 	
  

 	
  

 
	
 12-18

 	
  

 	
 USA

 	
  

 	
 Copper-Assisted, Anti-Reflection
 Etching of Silicon Surfaces

 	
  

 	
 13/423,745

 	
  

 	
  

 










          2.
All other terms and conditions of the License, and its authorized
modifications, shall remain
unchanged.


IN
WITNESS WHEREOF, the Parties hereto have caused this Amendment No. 1 to be duly
executed
in their respective names by their duly authorized representatives.


	
  

 	
  

 	
  

 	
  

 	
  

 
	
 ALLIANCE FOR SUSTAINABLE ENERGY, LLC

 	
  

 	
 NATCORE TECHNOLOGY INC.

 
	
  

 	
  

 	
  

 
	
 By:

 	
 

 	
  

 	
 By:

 	
 

 
	
  

 	 

 	
  

 	
  

 	 

 
	
 Name:

 	
 Bobi Garrett

 	
  

 	
 Name:

 	
 Chuck
 Provini

 
	
  

 	 

 	
  

 	
  

 	 

 
	
 Title:

 	
 Deputy Lab Director

 	
  

 	
 Title:

 	
 President
 &CEO

 
	
  

 	 

 	
  

 	
  

 	 

 
	
 Date:

 	
 27-July-2012

 	
  

 	
 Date:

 	
 7-27-2012