HYBRID Coating Technologies Inc.: Exhibit 10.1 - Filed by newsfilecorp.com






Tenth Amendment to the Licensing Agreement previously entered
into 

on the 12th day of July,
2010

Between: 

Nanotech Industries Inc., a Delaware corporation.

hereinafter referred to as “Licensor”

And: 

Nanotech Industries International Inc., a Nevada corporation
(and a wholly owned subsidiary of Hybrid Coating Technologies Inc.) hereinafter
referred to as “NTI” 

(collectively referred to as the
“Parties”) 

WHEREAS the Parties previously entered into a Licensing
Agreement on July 12, 2010 (“Licensing Agreement”), into an Amendment Agreement
on March 17, 2011, into a Second Amendment Agreement on July 7, 2011, into a
Third Amendment Agreement dated June 28, 2013, into a Fourth Amendment Agreement
dated December 13, 2013, into a Fifth Amendment Agreement dated March 31, 2014,
into a Sixth Amendment Agreement dated April 9, 2014, into a Seventh Amendment
dated May 6, 2014, into an Eighth Amendment dated August 19, 2014 and into a
Ninth Amendment dated September 10, 2014 (collectively the “Agreement”); 

WHEREAS the Parties would like to amend the Agreement to
allow the License to be used for an additional application and thereby expand
the definition of the LICENSOR Product; 

WHEREAS to this end the Parties have agreed to enter
into this Tenth Amendment to the Licensing Agreement (“Tenth Amendment
Agreement”): 





	 	1. 	
      Pursuant to the terms of the Licensing Agreement, the
      license to sell and manufacture the LICENSOR Product granted by the
      Licensor to NTI has been expanded to include polyurethane foam packaging
      (“PFP”).

	 	 	 
	 	2. 	
      The term LICENSOR Product has thus been modified and
      shall be defined in the Agreement as follows: environmentally safe
      coatings, polyurethane foam for the textile industry, synthetic leather,
      sealants and adhesives, and PFP.

	 	 	 
	 	3. 	
      Any reference to the LICENSOR Product in the Agreement
      shall have the meaning as set forth in Section 2 hereinabove.

	 	 	 
	 	4. 	
      In consideration for the LICENSOR Product to include PFP,
      NTI shall issue to the Licensor 420,000 Series B Preferred Shares
      (“Consideration”), to be paid at the time of execution of this Tenth
      Amendment Agreement (“Deadline”). Should NTI not pay the Consideration
      within the Deadline, PFP shall not be added to the Licensor PRODUCT
      definition.

	 	 	 
	 	5. 	
      The Agreement, as amended by this Tenth Amendment
      Agreement, remains in full force and effect and is hereby ratified and
      confirmed. Provisions of the Agreement that have not been amended or
      terminated by this Tenth Amendment Agreement remain in full force and
      effect, unamended.

	 	 	 
	 	6. 	
      The Parties expressly warrant and guarantee that they
      have obtained all necessary requisite approvals and that they have the
      authority to enter into this Tenth Amendment Agreement.

	 	 	 
	 	7. 	
      The Preamble to this Tenth Amendment Agreement is
      incorporated herein by this reference and made a material part of this
      Tenth Amendment Agreement.

	 	 	 
	 	8. 	
      This Tenth Amendment Agreement may be signed in one or
      more counterparts, each of which so signed shall be deemed to be an
      original and such counterparts together shall constitute one and the same
      instrument.



IN WITNESS WHEREOF, the Parties have executed and
delivered this Tenth Amendment Agreement on August 10, 2015.

Nanotech Industries International Inc.

	By: 	 /s/: Joseph Kristul 	 






Title: President and CEO 

Nanotech Industries Inc.

	By: 	 /s/: Joseph Kristul 	 
	 	 
	Title: President and CEO