Document:

Exhibit 10.13
OPTION AGREEMENT
This Option Agreement (this “Agreement”) is made and entered as of October 12, 2021, by and between tsu Inc. (d/b/a Display), a Delaware corporation (the “Company”) and LookWithUs.com, Inc., a Delaware corporation (the “Stockholder”).
WHEREAS, the Company and the Stockholder entered into that certain Asset Purchase Agreement, dated October 12, 2021 (the “Asset Purchase Agreement”), pursuant to which the Company purchased certain critical assets of the Stockholder in exchange for 1,562,500 shares (the “Option Shares”) of the Company’s Common Stock, par value $0.001 (the “Shares”).
WHEREAS, the Company has agreed to grant the Stockholder the option set forth in this Agreement with respect to the Option Shares received by the Stockholder pursuant to the Asset Purchase Agreement, pursuant to the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the foregoing and the mutual and dependent covenants hereinafter set forth, the parties agree as follows:
1.    Grant of Option.
(a)    Option Right. Subject to the terms and conditions of this Agreement, if the Market Capitalization (defined below) of the Shares based on the closing price of the Shares on the primary exchange on which the Shares are traded for at least three (3) trading days during the period from the first trading day following the Closing Date (as defined in the Asset Purchase Agreement”) to the date that is the 270-day anniversary of the Closing Date (or the first business day thereafter if such anniversary day is not a business bay) (the “Determination Period”) was not $500,000,000 or more, then for a period of 90 days after the end of the Determination Date (the “Exercise Period”), the Stockholder shall have the right (the “Option Right”), but not the obligation, to cause the Company, at the Company’s sole discretion, to either (i) purchase all (but not less than all) of the Shares at the Option Purchase Price or (ii) deliver Option Equalization Shares (in each case as provided for in Section 2 of this Agreement). Stockholder may, at its sole discretion, exercise the Option Right at any time during the Option Exercise Period.
“Market Capitalization” means, for any date, the product of (i) the closing price of the Shares on the primary exchange on which the Shares are traded as of the applicable date and (ii) the number of issued and outstanding shares of the Company as of such date.
(b)Procedures.
(i)    If the Stockholder desires to exercise the Option Right pursuant to Section 1(a), the Stockholder shall deliver to the Company a written, unconditional and irrevocable notice (the “Option Exercise Notice”) exercising the Option Right in the form attached as Exhibit A to this Agreement.
(ii)    By delivering the Option Exercise Notice, the Stockholder represents and warrants to the Company that (A) the Stockholder is still the record owner of all of the Option Shares, (B) the Stockholder has full right, title and interest in and to the Option
​

Shares, (C) the Stockholder has all the necessary power and authority and has taken all necessary action to sell such Option Shares as contemplated by this Section 1, and (D) the Option Shares are free and clear of any and all mortgages, pledges, security interests, options, rights of first offer, encumbrances or other restrictions or limitations of any nature whatsoever.
(iii)    Subject to Section 1(c) below, the closing of any sale or equalization of Option Shares pursuant to this Section 1 shall take place no later than thirty (30) days following receipt by the Company of the Option Exercise Notice. The Company shall give the Stockholder at least two (2) business days’ written notice of the date of closing (the “Option Right Closing Date”).
(iv)    In the event the Stockholder does not deliver an Option Exercise Notice to the Company during the Option Exercise Period, any rights provided to Stockholder to require the Company to purchase the Shares pursuant to this Agreement shall terminate and be of no further force or effect.
(d)    Cooperation. The Company and the Stockholder each shall take all actions as may be reasonably necessary to consummate the sale contemplated by this Section 1, including, without limitation, entering into agreements and delivering certificates and instruments and consents, and any other documentation as may be deemed necessary.
(e)    Closing. At the closing of any sale and purchase pursuant to this Section 1, the Stockholder shall deliver to the Company a certificate or certificates representing the Shares to be sold (if any), accompanied by stock powers and all necessary stock transfer taxes paid and stamps affixed, if necessary, against receipt of the Option Purchase Price.
2.    Option Right Consideration. In the event Stockholder exercises the Option Right hereunder, the Company, at the Company’s sole discretion, shall either:
(a)Purchase the Shares (the “Option Purchase Price) by:
(i)  Assigning to the Stockholder all rights, title and interest in and to United States Patent No. 8,826,375 B2 entitled Rich Media Collaboration System, Patent Date September 2, 2014, including any reissues, renewals, reexaminations, substitutions or extensions thereof (the “Patent”); or
(ii)  Cash payment to the Stockholder in the amount of Ten Million Dollars ($10,000,000.00); or
(b)Equalize the Option Shares by issuing an additional number of Shares to the Stockholder (the “Option Equalization Shares”) such that the aggregate market trading value of the Option Shares plus the additional Option Equalization Shares have an aggregate market trading value based on the closing price of the Shares on the primary exchange on which the Shares are traded  assuming the Market Captialization of the Shares was $500,000,000 based on the highest closing price on the primary exchange on which the Shares are traded on any trading dayduring the period from the Closing Date to the date the Option Right  is exercised. Notwithstanding the foregoing, the maximum number of Option Equalization Shares required to be delivered by the Company shall not exceed a number of Shares equal to One Hundred Percent (100%) of the number of Option Shares.
By way of example, if on the date this Option Right is exercised there were 200,000,000 Shares outstanding and the highest closing price on the primary exchange on which the Shares are traded was $2.00 per Share, the Market Capitalization would be $400,000,000, or 20% below the assumed $500,000,000 target Market Capitalization, and the Company would issue to the Stockholder an amount of Option Equalization Shares equal to
​

20% of the amount of the Option Shares, or 312,500 Shares.  However, if the Shares were trading at $3.00 per Share in the example above the Market Capitalization would exceed the $500,000,000 target Market Capitalization and the Stockholder would not be entitled to receive any Option Equalization Shares.
(c)Consummation of Option Right. The Company will pay the Option Purchase Price on the Option Right Closing Date (i) if by assigning the Patent, by executing the Assignment of Patent Rights in the form attached as Exhibit B to this Agreement, or (ii) if in cash, by wire transfer, payable to the order of the Stockholder (the Stockholder shall deliver the certificates for Common Stock in escrow until the Stockholder has confirmed the receipt of good and available funds in payment of the Option Purchase Price thereof) or (iii) if by equalization, by issuance of Option Equalization Shares to the Stockholder.
(d)License of the Patent. In consideration of the Company granting the Stockholder the put option provided for in this Agreement, in the event that the Company elects to satisfy the Option Purchase Price by assigning the Patent to Stockholder pursuant to Section 2(a) above, the Stockholder agrees to grant to the Company a non-exclusive, worldwide, non-transferable, perpetual, royalty free, and fully paid-up license to use, execute, store and display the Patent, any component or technology covered by the Patent in connection with the Company’s products or for any other purpose determined by the Company and execute the Patent and License Technology Agreement attached as Exhibit C to this Agreement.
3.    Notices. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the date sent by facsimile or e-mail of a PDF document (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next Business Day if sent after normal business hours of the recipient; or (d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent to the respective parties at the addresses indicated below (or at such other address for a party as shall be specified in a notice given in accordance with this Section 3).
​
	If to the Company:
	    
	tsu Inc. (d/b/a Display)
75 North Water Street
Norwalk, CT 06880
E-mail: j@displaysocial.com
Attention: John Acunto

		
	If to the Stockholder:
	    
	LookWithUs.com, Inc.
5417 Ruthwood Drive
Calabasas, CA 91302
Email:mark@lookwithus.com
Attention: Mark Smith, Chief Executive Officer

​
4.    Entire Agreement. This Agreement constitutes the sole and entire agreement of the parties to this Agreement with respect to the subject matter contained herein, and supersedes all prior and contemporaneous understandings and agreements, both written and oral, with respect to such subject matter.
​

5.    Successor and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns. However, neither this Agreement nor any of the rights of the parties hereunder may otherwise be transferred or assigned by any party hereto, except (a) that if the Company shall merge or consolidate with or into, or sell or otherwise transfer substantially all its assets to, another company which assumes the Company’s obligations under this Agreement, the Company may assign its rights hereunder to that company, or (b) the Shares are transferred by Stockholder by will or by the laws of intestate succession, to Stockholder’s executors, administrators, testamentary trustees, legatees or beneficiaries. Any attempted transfer or assignment in violation of this Section 5 shall be void.
6.    No Third-Party Beneficiaries. This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other person any legal or equitable right, benefit or remedy of any nature whatsoever, under or by reason of this Agreement.
7.    Headings. The headings in this Agreement are for reference only and shall not affect the interpretation of this Agreement.
8.    Amendment and Modification; Waiver. This Agreement may only be amended, modified or supplemented by an agreement in writing signed by each party hereto. No waiver by any party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the party so waiving. Except as otherwise set forth in this Agreement, no failure to exercise, or delay in exercising, any rights, remedy, power or privilege arising from this Agreement shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.
9.    Severability. If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.
10.    Governing Law; Submission to Jurisdiction. This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York without giving effect to any choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of Laws of any jurisdiction other than those of the State of New York. Any legal suit, action or proceeding arising out of or based upon this Agreement or the transactions contemplated hereby may be instituted in the federal courts of the United States of America or the courts of the State of New York, and each party irrevocably submits to the exclusive jurisdiction of such courts in any such suit, action or proceeding. Service of process, summons, notice or other document by mail to such party’s address set forth herein shall be effective service of process for any suit, action or other proceeding brought in any such court. The parties irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or any proceeding in such courts and irrevocably waive and agree not to plead or claim in any such court that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum.
​

11.    Waiver of Jury Trial. Each party irrevocably and unconditionally waives any right it may have to a trial by jury in respect of any legal action arising out of or relating to this Agreement or the transactions contemplated hereby. Each party to this Agreement certifies and acknowledges that (a) no representative of any other party has represented, expressly or otherwise, that such other party would not seek to enforce the foregoing waiver in the event of a legal action; (b) such party has considered the implications of this waiver; (c) such party makes this waiver voluntarily; and (d) such party has been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this Section 11.
12.    Any dispute, claim or controversy arising out of or relating to this Agreement or the breach, termination, enforcement, interpretation or validity thereof, including the determination of the scope or applicability of this agreement to arbitrate, shall be determined by arbitration in New York, New York before one arbitrator. The arbitration shall be administered by JAMS pursuant to its Comprehensive Arbitration Rules and Procedures. Judgment on the Award may be entered in any court having jurisdiction. This clause shall not preclude parties from seeking provisional remedies in aid of arbitration from a court of appropriate jurisdiction.
13.    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which shall together be deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.
14.    Compliance with Laws and Regulations. The exercise of the Option Right shall be subject to compliance by the Company and the Stockholder with all applicable requirements of law, including federal and state securities laws.
15.    No Strict Construction. The parties to this Agreement have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties, and no presumption or burden of proof will arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Option Agreement on the date first written above.
​
	​

	​

	​

	​
	TSU INC. (D/B/A DISPLAY)

	​
	​
	​

	​
	By:
	/s/ John Acunto

	​
	Name:
	John Acunto

	​
	Title:
	CEO

	​
	​
	​

	​
	LOOKWITHUS.COM, INC.

	​
	​
	​

	​
	By:
	/s/ Mark Smith

	​
	Name:
	Mark Smith

	​
	Title:
	CEO

​
​

EXHIBIT A
OPTION EXERCISE NOTICE
Subject to the terms and conditions of the Option Agreement (the “Option Agreement”) dated as of October 12, 2021 between tsu Inc. (d/b/a Display) and LookWithUs.com, Inc., the Stockholder hereby elects to exercise its option to sell the Shares under and pursuant to the terms of the Option Agreement.  All defined terms shall have the meaning ascribed to them in the Option Agreement unless otherwise expressly defined in this Option Exercise Notice.
By delivering the Option Exercise Notice, the Stockholder represents and warrants to the Company that (A) the Stockholder is still the record owner of all of the Option Shares, (B) the Stockholder has full right, title and interest in and to the Option Shares, (C) the Stockholder has all the necessary power and authority and has taken all necessary action to sell such Option Shares as contemplated by this Section 1, and (D) the Option Shares are free and clear of any and all mortgages, pledges, security interests, options, rights of first offer, encumbrances or other restrictions or limitations of any nature whatsoever.
Date:  _________, 2022
	​

	​

	​

	​
	LOOKWITHUS.COM, INC.

	​
	​
	​

	​
	​
	​

	​
	By:
	
	​
	​
	Name:

	​
	​
	Title:

​
​

EXHIBIT B
ASSIGNMENT OF PATENT RIGHTS
WHEREAS, tsu Inc. (d/b/a Display), a Delaware corporation ("Assignor") is owner of U.S. Patent Number: US 8,826,375 B2, dated September 2, 2014, titled Rich Media Collaboration System including the inventions described therein and the patents issued and reissued thereon (the “Patent”).
WHEREAS, Assignor and LookWithUs.com, Inc., a Delaware corporation, ("Assignee") entered into an Option Agreement dated October 12, 2021 under which Assignor agreed to sell and Assignee agreed to purchase substantially all of the assets of Assignor including the Patent and the renewals therefor and all claims for past or future infringement thereof.
NOW THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, and intending to be legally bound, Assignor hereby sells, assigns, transfers and conveys to Assignee, its successors and assigns, free and clear of any and all liens, restrictions, claims and encumbrances, one hundred percent (100%) of its right, title and interest in and to the Patent for the entire term of the Patent and any reissues or extensions and for the entire terms of any patents, reissues, or extensions that may issue from foreign applications, divisions, continuations in whole or part, or substitute applications filed claiming the benefit of the Patent, together with all rights of registration, maintenance and protection thereof in any form, all rights to income, royalties, damages and payments now due or hereafter due or payable in respect thereto, and all rights of recovery and of legal action for past or future infringements and of interference proceedings and reexaminations involving such Patent. The right, title, and interest conveyed in this Assignment is to be held and enjoyed by Assignee and Assignee's successors and assigns as fully and exclusively as it would have been held and enjoyed by Assignor had this assignment not been made.
Assignor authorizes the United States Patent and Trademark Office and any other applicable jurisdictions outside the United States to record the transfer of the Patent to Assignee as the recipient of all of Assignor’s right, title and interest in and to the Patent.
Assignor further agrees, without any further compensation, to: (a) cooperate with Assignee in the protection of the patent rights and prosecution and protection of foreign counterparts; (b) execute, verify, acknowledge and deliver all such further papers, including patent applications and instruments of transfer; and (c) perform such other acts as Assignee lawfully may request to obtain or maintain the Patent and any and all applications and registrations for the invention described therein in any and all countries.
This Assignment of Patent Rights shall be construed, interpreted and applied in accordance with the laws of the State of New York, without regard to its conflicts of law principles.
Date: ____________, 2021
​

	

	​

	​

	

	​

	Assignor: tsu Inc. (d/b/a Display)
	    
	Assignee: LookWithUs.com, Inc.

	​
	​
	​

	By: 
	​
	​
	By: 
	​

	Print Name: 
	​
	​
	Print Name: 
	​

	Title: 
	​
	​
	Title: 
	​

​
​
​

EXHIBIT C
PATENT AND TECHNOLOGY LICENSE AGREEMENT
This PATENT AND TECHNOLOGY LICENSE AGREEMENT (this “License Agreement”) is dated as of _______ __, 2022 (the “Effective Date”) by and between LookWithUs.com, Inc., a Delaware corporation (the “Licensor”); and tsu Inc. (d/b/a Display), a Delaware corporation (the “Licensee”). The Licensor and the Licensee are referred to herein collectively as the “Parties” and individually as a “Party.”
WHEREAS, Licensor is the developer and owner of the Licensed Patent (defined below) and Licensed Technology (defined below), and
WHEREAS, Licensee desires to receive a non-exclusive, perpetual, worldwide, non-transferable royalty-free license to use the Patent in the operation of the Licensee’s business, and the Licensor is willing to grant such license to the Licensee under the terms and conditions provided herein.
NOW, THEREFORE, in consideration of the mutual covenants set forth herein and in the Option Agreement dated as of October 12, 2021 between the Parties, and for other consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:
ARTICLE I
AGREEMENT, TERM, AND CERTAIN DEFINITIONS
Section 1.1Agreement and Term. The Parties agree that the terms and conditions of this License Agreement apply to the license of the Licensed Patent (as defined below) and the Licensed Technology (as defined below) granted by the Licensor to the Licensee.
Section 1.2Certain Definitions. The following definitions apply to this License Agreement:
(a)“Documentation” means only the items listed in Exhibit A which pertain to the Licensed Patent and the Licensed Technology.
(b)“Licensed Patent” means Patent Number US 8,826,375 B2, entitled Rich Media Collaboration System, Patent date September 2, 2014, including any reissues, renewals, reexaminations, substitutions or extensions thereof, a copy of which is attached hereto as Exhibit C.
(c)“Modifications” means any and all updates, modifications, revisions, improvements, versions and/or derivative works, to the Licensed Technology.
​

ARTICLE II
PROVISION OF LICENSED TECHNOLOGY, OWNERSHIP AND CONFIDENTIALITY
Section 2.1Grant of License. Subject to all of the terms and conditions of this License Agreement, the Licensor hereby grants to the Licensee, and the Licensee accepts, a non-exclusive, worldwide, non-transferable, perpetual, royalty free, and fully paid-up license to use, execute, store, and display the Licensed Patent any component or technology covered by the Licensed Patent, to develop, make, have made, operate and use in connection with Licensee’s products or for any other purpose determined by the Licensee. The foregoing license shall include any and all Modifications and the right to update, modify, revise, improve, create new versions, and/or derivative works based on the Licensed Patent for use by Licensee.  Any and all such updates, modifications, revisions, improvements, versions and/or derivative works, created by or on behalf of the Licensee, and whether or not created prior to or after the date of this License Agreement, (collectively, “Licensee Modifications”), shall belong solely and exclusively to the Licensee.
Section 2.2Third-Party Service Providers. Licensee may sublicense the foregoing license to one or more third-party service providers solely to the extent any such third-party service providers are providing services to the Licensee in the Licensee’s relevant business that depend on the Licensed Patent and the license granted herein; provided however, that the Licensee shall ensure that any and all such third third-party service providers comply with all applicable terms and conditions of this License Agreement, and the Licensee shall remain responsible and liable for any acts or omissions of such third parties.
Section 2.3Ownership of Licensed Patent. The Licensed Patent and all right title and interest therein (including all copyright, patent, data/database, trade secret and other Intellectual Property rights) are, shall be, and shall remain the sole and exclusive property of Licensor; and Licensee shall have no rights or interests therein other than as expressly set forth in this Agreement.
Section 2.4Rights to Licensee Modifications. The Licensor agrees to assign and does hereby assign to the Licensee, all right, title and interest (including all copyright rights, patent, trade secret and other Intellectual Property rights) in and to any and all Licensee Modifications. Upon the Licensee’s request, the Licensor shall provide the Licensee with a complete copy of any material Licensee Modifications, including the source code, made by the Licensor for Licensee or made by the Licensee (or any third-party contractors or vendors) in a form and format reasonably acceptable to the Licensee.
Section 2.5No Other Licenses. Except as expressly set forth above, the licenses granted herein are not sublicensable. The Licensor grants no licenses or other rights to the Licensee with respect to the Licensed Patent and the Licensed Technology except for those licenses expressly set forth above. The licenses granted herein are revocable by the Licensor pursuant to Section 8.3 in the event of a material breach of the terms of this License Agreement.
Section 2.6Confidentiality. The Licensee agrees to reasonably cooperate in good faith with the Licensor in protecting the Licensor's rights in the Licensed Patent and in preserving appropriate intellectual property rights protection for the Licensed Patent as may be deemed necessary or appropriate in the Licensor's determination. Without limiting the generality of the foregoing, the Licensee shall, and shall cause any and all third-party contractors and vendors to: (a) treat the source code for the Licensed Patent as strictly confidential; (b) prevent
​

and protect the Licensed Patent from unauthorized use or disclosure; and (c) not use such source code or any other trade secrets of the Licensor except as necessary to exercise the Licensee's rights and perform its obligations under this License Agreement. The Licensor and the Licensee will use commercially reasonable efforts to maintain the confidentiality of all confidential information of the other party (which in the case of the Licensor includes the Licensed Patent code) that it obtains pursuant to this License Agreement, which will in no event be less than the measures the Party receiving such confidential information uses to maintain the confidentiality of its own information of similar nature and importance.
Section 2.7No Transfer/Unauthorized Use. The Licensee agrees not to sell, transfer, sublicense, disclose, display or otherwise make available the Licensed Patent, except as expressly set forth in Section 2.2, Section 2.3, or Section 9.3. For clarity, any attempts by Licensee to establish any rights in the License Patent (except for those license rights specifically granted in Section 2.2) and/or failure to materially comply with the obligations of Sections 2.4, 2.8 and 2.9 shall constitute a material breach of this License Agreement giving rise to the Licensor’s right to terminate the licenses granted herein and to seek other remedies pursuant to Section 8.3.
ARTICLE III
REPRESENTATIONS AND WARRANTIES
Section 3.1Licensor represents and warrants that (i) it is the owner of the Licensed Patent and (ii) to the best of Licensor’s actual knowledge, the Licensed Patent does not infringe upon any patents or intellectual property of third parties as of the date of this License Agreement, and (iii) Licensor has the authority to enter into this License Agreement.
Section 3.2Other than the representation and warranty made in Section 3.1 above, Licensor makes no representation or warranty concerning the Licensed Patent.
ARTICLE IV
INDEMNIFICATION
Section 4.1Limited Indemnification by Licensee.
(a)Licensee agrees to indemnify, defend and hold harmless the Licensor and its directors, officers, employees, affiliates, agents, attorneys, representatives, successors and assigns from any and all liabilities, damages, losses, expenses, charges, penalties, demands, actions, claims, suits, proceedings, awards, costs, or judgments, including reasonable attorneys’ fees and expenses, solely to the extent arising from breach of this License Agreement by the Licensee.
(b)EXCEPT AS PROVIDED FOR IN SECTION 7.1(a), THERE IS NO OTHER OBLIGATION ON THE PART OF THE LICENSEE TO INDEMNIFY, DEFEND OR HOLD HARMLESS THE LICENSEE OR ITS DIRECTORS, OFFICERS, EMPLOYEES, AFFILIATES, AGENTS, ATTORNEYS, REPRESENTATIVES, SUCCESSORS AND ASSIGNS FROM ANY AND ALL LIABILITIES, DAMAGES, LOSSES, EXPENSES, CHARGES, PENALTIES, DEMANDS, ACTIONS, CLAIMS, SUITS, PROCEEDINGS, AWARDS, COSTS, OR JUDGMENTS, INCLUDING REASONABLE ATTORNEYS’ FEES AND EXPENSES, ARISING
​

FROM LICENSEE’S USE OF THE LICENSED PATENT, AND/OR THE LICENSED TECHNOLOGY (INCLUDING THE MODIFICATIONS).
(c)In connection with the foregoing indemnification obligations, the Licensee shall not, without the prior written consent of the Licensor (which shall not be unreasonably withheld), settle, compromise or offer to settle or compromise any such claim or demand on a basis that would result in the imposition of a consent order, injunction or decree that would restrict the future activity or conduct of the Licensor, or if such settlement or compromise does not include an unconditional release of the Licensor. The Licensor may choose to participate in any defense assumed by the Licensee, at Licensor’s sole cost and expense; provided, however, that if there is a conflict under applicable standards of professional conduct between the positions of the Licensor and the Licensee in conducting the defense or there are legal defenses available to the Licensor different from or in addition to those available to the Licensee in respect of the indemnity claim, the Licensor may participate in any defense assumed by the Licensee, with counsel of the Licensor’s choice, at the cost and expense of the Licensee.
Section 4.2Indemnification by Licensor.
(a)Licensor agrees to indemnify, defend and hold harmless the Licensee and its directors, officers, employees, affiliates, agents, attorneys, representatives, successors and assigns from any and all liabilities, damages, losses, expenses, charges, penalties, demands, actions, claims, suits, proceedings, awards, costs, or judgments, including reasonable attorneys’ fees and expenses, arising solely from breach by Licensor of its representations or warranties set forth in Section 3.1 above.
(b)THERE IS NO OTHER OBLIGATION ON THE PART OF THE LICENSOR TO INDEMNIFY, DEFEND OR HOLD HARMLESS THE LICENSEE OR ITS DIRECTORS, OFFICERS, EMPLOYEES, AFFILIATES, AGENTS, ATTORNEYS, REPRESENTATIVES, SUCCESSORS AND ASSIGNS FROM ANY AND ALL LIABILITIES, DAMAGES, LOSSES, EXPENSES, CHARGES, PENALTIES, DEMANDS, ACTIONS, CLAIMS, SUITS, PROCEEDINGS, AWARDS, COSTS, OR JUDGMENTS, INCLUDING REASONABLE ATTORNEYS’ FEES AND EXPENSES, ARISING FROM LICENSEE’S USE OF THE LICENSED PATENT, AND/OR THE LICENSED TECHNOLOGY (INCLUDING THE MODIFICATIONS).
(c)In connection with the foregoing indemnification obligations, the Licensor shall not, without the prior written consent of the Licensee (which shall not be unreasonably withheld), settle, compromise or offer to settle or compromise any such claim or demand on a basis that would result in the imposition of a consent order, injunction or decree that would restrict the future activity or conduct of the Licensee, or if such settlement or compromise does not include an unconditional release of the Licensee. The Licensee may choose to participate in any defense assumed by the Licensor, at Licensee’s sole cost and expense; provided, however, that if there is a conflict under applicable standards of professional conduct between the positions of the Licensee and the Licensor in conducting the defense or there are legal defenses available to the Licensee different from or in addition to those available to the Licensor in respect of the indemnity claim, the Licensee may participate in any defense assumed by the Licensor, with counsel of the Licensee’s choice, at the cost and expense of the Licensor.
​

ARTICLE V
TERM AND TERMINATION
Section 5.1Term. This License Agreement will take effect on the Effective Date and shall continue until/unless terminated pursuant to this Article V.
Section 5.2Termination by Licensee. The Licensee shall have the right to terminate this License Agreement immediately upon written notice for any reason or no reason at all.
Section 5.4Effect of Termination. Upon termination of this License Agreement: (a) the licenses granted herein shall automatically terminate; (b) the Licensee shall promptly cease using the Licensed Patent; and (c) the Licensee shall promptly deliver to the Licensor (or destroy, at the Licensor’s election), all copies of any confidential information of the Licensor in the Licensee’s possession or control.
Section 5.5Survival of Terms. Termination or expiration of this License Agreement for any reason shall not release either party from any liabilities or obligations set forth in Article II, Article III, Article V, and any other provisions that, expressly or by implication are intended to survive its termination, will survive the termination of this License Agreement.
ARTICLE VI
MISCELLANEOUS
Section 6.1Notices. All notices and other communications hereunder will be in writing and will be deemed to have been duly given if (a) mailed by registered mail, first-class postage paid, (b) sent by overnight delivery service or other courier, (c) transmitted via facsimile, (d) transmitted by electronic mail, or (e) delivered by hand to the addresses, as the case may be, set forth below. Any notice will be deemed to have been duly received, unless earlier received, (i) if sent by certified or registered mail, return receipt requested, when actually received, (ii) if sent by overnight mail or courier, when actually received, (iii) if sent by electronic mail, when sent (provided, no “bounce-back”, system error message or other notification of non-delivery is received by the sender), and (iv) if delivered by hand, on the date of receipt, to the addresses below:
	​

	If to the Licensee, to:

	​

	tsu Inc. (d/b/a Display)

	75 North Water Street

	Norwalk, CT 06854]

	Attention: John Acunto

	Email:j@displaysocial.com

	​

	If to the Licensor, to:

	​

	LookWithUs.com, Inc.

	5417 Ruthwood Drive

	Calabasas, CA 91302

	Attention: Mark Smith, Chief Executive Officer

	Email:mark@lookwithus.com

​
​

Section 6.2Amendments and Waivers. No amendment of any provision of this License Agreement shall be valid unless such amendment is in writing and signed by the Parties. No failure or delay by any Party hereto in exercising any right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.
Section 6.3Successors and Assigns.   Neither this License Agreement nor any of the rights, interests or obligations hereunder may be assigned or otherwise transferred (whether by operation of law, merger or consolidation) by the Licensee, other than in connection with the sale of all or part of Licensee’s business, without the prior written consent of the Licensor, not to be unreasonably withheld, conditioned or delayed.  Any act which is inconsistent with the terms of this Section shall be null and void and unenforceable. Subject to the foregoing, this License Agreement will be binding upon and will inure to the benefit of the Parties and their permitted successors and assigns.
Section 6.4Governing Law. This License Agreement shall be construed under and governed by the Laws of the State of New York.
Section 6.5Venue; Consent to Jurisdiction; Waiver of Jury Trial. Each of the Parties irrevocably submits to the jurisdiction of the United States District Court for the State of New York, or if such court does not have subject matter jurisdiction, the New York Superior Court, for the purposes of any suit, action or other proceeding arising out of this License Agreement or any transaction contemplated hereby. Each of the Parties further agrees that service of any process, summons, notice or document to such party’s respective address listed above in one of the manners set forth in Section 6.1 hereof shall be deemed in every respect effective service of process in any such suit, action or proceeding. Nothing herein shall affect the right of any Person to serve process in any other manner permitted by Law. The sole and exclusive venue for any action, suit or proceeding arising out of this Agreement or the transactions contemplated hereby shall be in (a) the United States District Court for the State of New York or (b) the New York County Superior Court and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum.
Section 6.6Counterparts. This License Agreement may be executed in several counterparts, each of which will constitute an original and all of which, when taken together, will constitute one agreement. Delivery of an executed counterpart of a signature page to this License Agreement by facsimile, email or other electronic transfer shall be effective as delivery of a manually executed counterpart to this License Agreement.
Section 6.7Entire Agreement. This License Agreement, including the Exhibit(s) hereto, the documents, instruments and schedules referred to herein and all other documents dated as of the Effective Date and delivered by the Parties in connection with this License Agreement, constitute the entire agreement among the Parties with respect to the subject matter hereof and supersede all other prior agreements and understandings, both written and oral, among the Parties or any of them with respect to the subject matter hereof. All Exhibit(s) referenced herein and attached hereto are incorporated herein and expressly made a part of this License Agreement as though completely set forth herein. All references to this License Agreement herein or in any of Exhibit(s) will be deemed to refer to this entire License Agreement.
​

Section 6.8Severability. If any provision of this License Agreement, or the application of any provision hereof to any Party or circumstance, is held to be illegal, invalid or unenforceable, such provision or the application of such provision, as the case may be, will be fully severable, and the application of the remainder of such provision to such Party or circumstance, the application of such provision to other Parties or circumstances, and the remainder of this License Agreement will remain in full force and effect and will not be affected by the illegal, invalid or unenforceable provision or application of such provision, as the case may be, or by its severance from this License Agreement. Furthermore, in lieu of such illegal, invalid or unenforceable provision or application of such provision, there will be added automatically as a part of this License Agreement a provision as similar in its terms to such illegal, invalid or unenforceable provision as may be possible and be legal, valid and enforceable.
Section 6.9Specific Performance. The Licensee acknowledges and agrees that the Licensor would be damaged irreparably if any provision of this License Agreement is not performed in accordance with its specific terms or is otherwise breached. Accordingly, the Licensee agrees that the Licensor will be entitled to an injunction or injunctions to prevent breach of the provisions of this License Agreement and to enforce specifically this License Agreement and its terms and provisions, without the necessity of proving the inadequacy of money damages as a remedy, in addition to any other remedy to which they may be entitled, at law or in equity.
Section 6.10No Third-Party Beneficiaries. Except as expressly provided herein, nothing in this License Agreement will confer any rights upon any Person that is not a Party or a successor or permitted assignee of a Party.
Section 6.11Attorney’s Fees. In the event either Party should file legal action to enforce the terms of this Agreement, the prevailing party shall be entitled to recover, in addition to their damages, reasonable costs and attorney’s fees.
Section 6.12Interpretation. All references to Sections and Articles shall be deemed references to Sections and Articles of this License Agreement, except as otherwise provided. Headings are for reference purposes only and are not intended to create substantive rights or obligations. The gender used in this License Agreement shall be deemed to refer to the masculine or feminine or neutral gender, as the context or the identity of the persons being referred to may require. The singular shall include the plural and vice versa as the context may dictate. As used herein, the terms “herein,” “hereunder” and “hereof” refer to the whole of this Agreement, the terms “include,” “includes” or “including” shall be deemed to be followed by the words “without limitation,” and “or” is disjunctive but not necessarily exclusive. The Parties have participated jointly in the negotiation and drafting of this License Agreement, and any rule of construction or interpretation otherwise requiring this License Agreement to be construed or interpreted against any party by virtue of the authorship of this License Agreement shall not apply to the construction and interpretation hereof. Any ambiguities will be clarified in an equitable manner without regard to authorship and minor errors and misspellings will be corrected to give maximum effect to obvious intent.
IN WITNESS WHEREOF, the Parties hereto have duly executed this License Agreement as of the Effective Date written above.
​

	​

	​

	​
	LICENSOR:

	​
	​

	​
	LOOKWITHUS.COM, INC.

	​
	​

	​
	By: 
	​

	​
	Name:

	​
	Title:

	​
	​

	​
	LICENSEE:

	​
	​

	​
	TSU INC. (D/B/A DISPLAY)

	​
	​

	​
	By: 
	​

	​
	Name:

	​
	Title:

​Exhibit 10.14
Master NFT Technology Development And Services Agreement
This Master NFT Technology Development And Services Agreement (the "Agreement") is entered into as of December 8, 2021 (the “Effective Date”) by and between Display Social, Inc., a Delaware Corporation, having an address of 75 North Water Street, Norwalk, CT 06854 (“Display”) and BQT Technologies, LTD, a United Kingdom Limited Liability Company, having a registered address at Liberty House, 222 Regent Street, London,  W1B STR, UK(“BQT”).  Display and BQT collectively referred to as a “Party” or the “Parties.”
WHEREAS, Display operates a social media platform where users connect, shape and create content they can share with their worldwide network whose technological foundation and cultural core is premised on rewarding users for content, sales and social engagement (the “Platform”).
WHEREAS, BQT is a technology company in business of developing and implementing next generation NFT platforms built on the Blockchain. BQT in                 collaboration with other third party blockchain tools providers develops “White Glove” services including Non-Fungible Tokens (“NFT”) design & artwork services, custom blockchain contract development and on-chain data solutions.
WHEREAS, Display and BQT have agreed to collaborate through one or more projects (“Projects”) to integrate blockchain, cryptocurrency and NFTs for use by display within the Platform or otherwise as determined by Display (“Deliverables”).  All Deliverables to be developed, Services to be provided (defined below) to be provided and all obligations to secure and pay for intellectual property rights, will be set forth in written statements of work agreed to by both parties under this Agreement (each, a “SOW”).  The initial SOWs are attached to this Agreement as exhibits.  For the avoidance of any doubt, this is not a “work for hire” agreement and the provisions of this Agreement shall govern each Party’s rights and obligations.
In consideration of the foregoing, and in reliance on the mutual agreements contained herein, the parties agree as follows:
·Collaboration. From time to time hereunder, Display and BQT will collaborate under this Agreement on one or more Projects related to NFT minting and marketplace capability, each of which shall be set forth on an SOW to this Agreement. Display and BQT shall each designate at least one project manager   for each Project.
·Term.  This Agreement will begin on the Effective Date and will continue for a period of sixty (60) months from the Effective Date.  Unless earlier terminated as set forth in Section 14 below, this Agreement will thereafter continue to renew for successive additional twelve (12) month periods unless either party provides the other party with written notice of its intent not to renew this Agreement at least sixty (60) days prior to the end of the then-current period.  Provided, however, that royalties and other fees to BQT stated herein shall survive the termination of this Agreement for the duration of use of the BQT platform by Display and for all minted NFTs by BQT platform or NFTs listed on BQT platform marketplace.
·Statements of Work.
·Projects. All Projects are governed by the terms of this Agreement and each applicable SOW.  Each SOW shall set forth in reasonable detail the tasks, work to be performed, services and support to be provided (“Services”) and Deliverables to be provided by BQT.  This
​

Agreement includes all SOWs entered into under this Agreement (each of which is incorporated into and made a part of this Agreement).  The terms and conditions below will control with respect to the rights and obligations of the parties under any SOW in the event of a conflict between those terms and conditions and any SOW. Any changes to any Deliverables under any SOW will be set forth in a written amendment describing the changes (and any resultant changes to the Costs (defined below)) agreed to by both parties.  Each SOW is incorporated into and forms a part of this Agreement. No later change in the scope of work, fee arrangements, or other provisions of a SOW will be effective unless and until each Party accepts such change through a written, signed SOW. In the event of a conflict with any SOW, the provisions of this Agreement will govern.
·Acceptance.  Unless other revised in an SOW, “Acceptance” occurs upon (a) written notice of acceptance of the Deliverables from Display or (b) thirty (30) days after BQT has completed and notified Display in writing of full completion of any Project and the required Deliverables if Display has not first given written notice of rejection. No Project nor Deliverable will be deemed accepted until Acceptance. Neither periodic payments nor final payment shall constitute evidence that a Project and Deliverables were performed and completed in an acceptable manner to Display.
·Costs and Payment.
·Fees and Expenses.  The fees, costs and expenses will be set forth in each such SOW (“Fees and Expenses”). Display shall have no obligation to BQT for any Cost and Expenses unless specifically agreed to in writing by the Parties.
·Payment.  Except where stated in a SOW, BQT will invoice Display for all Fees and Expenses incurred monthly upon the completion of that month (or as otherwise specified in the applicable SOW) and Display will pay all such invoiced amounts within sixty (60) days of receipt of invoice.
·Taxes. Nothing in this Agreement shall require Display to pay taxes applicable to BQT. BQT is responsible for paying all Taxes that may be assessed, imposed, or incurred as a result of the fees paid pursuant to this Agreement.
·Ownership.
·BQT Proprietary Property.  Any IPR (as defined below) that BQT licensed, acquired, developed, or created prior to the Effective Date or after the Effective Date outside of the Display Platform (“BQT Property”) will remain the property of BQT. BQT grants to Display all rights and a non-exclusive, worldwide, non-transferable, perpetual, royalty free, and fully paid-up license in and to the BQT Property provided or made available to Display hereunder as may be necessary for Display to use and benefit from the Deliverables as contemplated and fulfill the other agreements under this Agreement. For purposes of this Agreement, “IPR” means all intellectual property (excluding third party licenses) and proprietary rights throughout the world, including all copyrights, trademarks, service marks, trade secrets, know how, patents (and patent applications), moral rights, contract rights, and any and all other analogous legal rights.
·Display Proprietary Property.  All Deliverables and any other idea, invention, discovery, creation, or development authored, created, made, invented, or developed by or on behalf of Display prior to the Effective Date or after the Effective Date inside of the Display Platform, whether alone or jointly with BQT or any third party, through the performance of this Agreement or otherwise, and any modification, enhancement, improvement, or derivative thereto
​

or thereof (collectively, “Display Property”), and all IPR therein and thereto, are and will remain the exclusive property of Display.  Provided, however, that work performed by BQT on behalf of the Display, which is outside of the Display Platform (such as core NFT Marketplace) as stated in Section 5.1 of this agreement, shall remain property of BQT and licensed to Display as provided for in Section 6.2 below. Display shall have the sole discretion to file, prosecute, issue, and maintain patent applications and patents, throughout the world, with respect to all Deliverables inside of Display Platform and any other Display Property.
·Additional Actions. Each Party agrees to, and hereby does, make such assignments to the other party as are required to provide the other party with the ownership rights set forth in this Agreement.  At the other party’s request and expense, each party will execute and deliver such instruments and take such other action as may be reasonably requested by the other party to perfect or protect the other party’s rights in any IPR.
·License.
·BQT License. BQT hereby grants to Display a non-exclusive, worldwide, non-transferable, perpetual, royalty free, and fully paid-up license to use and modify the Deliverables and exclusive, worldwide, non-transferable, perpetual, royalty free, and fully paid-up license to use and modify any custom code created within Display’s Platform, including without limitation all source code, programs, software, documentation and technology used or created for the Deliverables, to use in connection with Display’s products or for any other purpose determined by Display for its own business purposes in any manner it determines appropriate (the “BQT License”). Such license will include delivery of all source code, programs, software, documentation and technology licensed pursuant to this Agreement.
·Display License. Display hereby grants to BQT a non-exclusive, worldwide, non-transferable, perpetual, royalty free, and fully paid-up license to use the Deliverables, including without limitation all source code, programs, software, documentation and technology used or created for the Deliverables within the Display Platform, to use in connection with BQT’s products or for any other purpose determined by BQT for its own business purposes in any manner it determines appropriate (the “Display License”).
·Third Party Licenses. Each party shall separately acquire necessary licenses, if any, to the third-party tools or applications necessary for any development of the Deliverables.
·Use of License.
·Services, Deliverables and the BQT License provided under this Agreement may be used by Display on behalf of itself and, for the benefit of its affiliates, business partners, clients and distributed labels under the same terms and conditions of this Agreement. In the event that any such affiliate ceases to be an affiliate, it shall retain the benefit of this Agreement in connection with any then-existing business. Display may sublicense the Services, Deliverables and the BQT License to one or more third-party service providers solely to the extent any such third-party service providers are providing services to Display in Display’s relevant business.
·The sale of all or part of the Display business shall not affect the BQT License granted hereunder, or the use or ownership of the Services, Deliverables and the BQT License, which will survive any such sale.  This Agreement and the BQT License shall continue
​

in full force and effect for the benefit of the continuing or successor company in accordance with the terms of this Agreement.
·Modifications. Any and all (i) customized source code, programs, software, documentation and technology developed or created within the Display Platform or Display software or programs pursuant to this Agreement, (ii) integrations into the Platform or Display software or programs within the Display Platform, or (iii) updates, modifications, revisions, improvements, enhancements, versions and/or derivative works, created by or on behalf of the Display to any BQT Licensed source code within the Display Platform, (collectively, “Display Developments”), shall belong solely and exclusively to Display.  All Display Developments within the Display Platform shall be owned by and the sole property of Display free and clear of any claim by BQT, and shall become the intellectual property of, and can be patented by, Display. Display Developments shall be deemed licensed to BQT under the Display License provided for in Section 6.2 above. For the avoidance of doubt, any source code, programs, software, documentation and technology developed by and proprietary to the BQT prior to the date of this Agreement or any future enhancements and versions of BQT Platforms and its NFT marketplaces, APIs and integration code within BQT Platform shall remain the property BQT Property subject to the license granted by this Agreement and deemed licensed to Display under the BQT License.
·Representations. BQT represents and warrants that it owns or has the legal right to us all source code, programs, software, documentation and technology used or created for the Deliverables, excluding any third-party software and licenses, and the Deliverables and any other related materials do not infringe upon any patents, technology or intellectual property of third parties.
·Further Assurance.  While this Agreement is intended to provide a full license to each party on the terms set forth in this Agreement, to the extent requested by either party the parties agree to enter into a separate license agreement further memorialize separately the BQT License and/or the Display License.
·Marks and Collateral.
·Display Marks and Collateral. If Display provides BQT with any trademarks, service marks, logos, or other identifiers of BQT, or any content, media, or other collateral (“Display Marks and Collateral”), for use by BQT in providing any Services or Deliverables, then Display grants to BQT the right to use such Display Marks and Collateral in the performance of, and as contemplated by, this Agreement. BQT will use the Display Marks and Collateral in accordance with this Agreement and any additional trademark guidelines provided by Display.  All Display Marks and Collateral, including all goodwill associated with the Display Marks and Collateral are and will remain the exclusive property of Display.
·BQT Marks and Collateral. If BQT provides Display with any trademarks, service marks, logos, or other identifiers of BQT, or any content, media, or other collateral (“BQT Marks and Collateral”), for use by Display, then BQT grants to Display the right to use such BQT Marks and Collateral in the performance of, and as contemplated by, this Agreement. Display will use the BQT Marks and Collateral in accordance with this Agreement and any additional trademark guidelines provided by BQT.  All BQT Marks and Collateral, including all goodwill associated with the BQT Marks and Collateral are and will remain the exclusive property of BQT.
·Content.
​

·Display Content. Display will be responsible for all technology, code, programs, data, information, and other content provided to BQT by Display (“Display Content”), if any such technology Display finds necessary to provide. Display acknowledges and agrees that certain Display Content may be based on open-source technology or code, or available from other sources, and nothing in this Agreement shall limit BQT’s ability to obtain and use from other sources any technology, code, programs, data or information identical to any Display Content.  BQT is under no obligation to review any Display Content for accuracy or potential liability.
· BQT Content. BQT will be responsible for all technology, code, programs, data, information, and other content provided to Display by BQT (“BQT Content”).  BQT acknowledges and agrees that certain BQT Content may be based on open-source technology or code, or available from other sources, and nothing in this Agreement shall limit Display’s ability to obtain and use from other sources any technology, code, programs, data or information identical to any BQT Content.  Display is under no obligation to review any BQT Content for accuracy or potential liability.
·Warranties.
·By Both Parties. Each Party represents and warrants to the other party that: (a) its execution and performance of this Agreement has been duly authorized; (b) this Agreement is a valid and legally binding obligation enforceable against such party in accordance with its terms; and (c) it will at all times comply with all applicable laws and regulations.
1.
·By BQT.
·BQT will use commercially reasonable efforts to perform the Deliverables under this Agreement. As Display’s sole remedy, and Display’s sole obligation, for any failure by BQT to comply with the foregoing sentence, BQT will refund all consideration actually paid by Display for the affected Deliverables.
1.
·BQT represents and warrants that the BQT Property and BQT Content provided by BQT to Display for use by Display under this Agreement: (i) is and will be current, accurate, truthful, and complete; (ii) does not infringe, misappropriate or violate any intellectual property rights, publicity/privacy rights, law or regulation; (iii) is not defamatory, harmful to minors, obscene or child pornographic; and (iv) does not contain any viruses or programming routines intended to damage, surreptitiously intercept or expropriate any system, data or personal information.
·BQT will be solely responsible for ensuring that the Services and Deliverables (including without limitation any source code, programs, software, documentation and technology used or created for the Deliverables or portion thereof) and any and all other data, content, services or intellectual property that BQT provides or otherwise makes available to Display, will be duly owned or properly licensed by BQT and/or otherwise authorized, and not infringe upon, misappropriate or otherwise violate the intellectual property or other lawful rights of any third party
·BQT will be solely responsible for all software, hardware, equipment, communications lines, networks, data, information or content provided by BQT or any third-party for use by display in performing the services.  BQT represents or warrants that the deliverables
​

will be compatible with and function as intended with the Platform, and all Deliverables will conform with their specifications as set forth in the relevant SOW.
·BQT does and will comply with all applicable laws, rules and regulations and generally accepted industry standards, directives or guidelines, including but not limited to those governing privacy, spam (including, without limitation, CAN-SPAM), and data collection, storage, use, disclosure, protection and security.
·Indemnification.
·By BQT. BQT will, at BQT’s own expense, indemnify, defend, and hold harmless Display and its officers, directors, shareholders, employees, contractors, agents, and representatives from and against, and pay all actual out-of-pocket costs, damages, liabilities, and expenses (including reasonable attorneys’ fees) incurred by or awarded against Display based on, any third party claims or allegations that may be made or filed against Display resulting from (a) allegation of infringement of any patent, trademark or intellectual property due to the use by Display of any Deliverables provided under this Agreement, (b) use by Display of any software, hardware, system, network, or technology of BQT; (b) use by Display of any Deliverables by Display or any third party under the license granted hereunder (including any malfunctions, crashes, conflicts, damages related to the integration of any Deliverables into any other applications); or (c) use by Display of any BQT Property.  If BQT reasonably believes Display will become, subject to any such third-party claim resulting from Display’s authorized use of any Deliverables under this Agreement, then BQT may at its option and expense: (a) procure for Display the right to continue using the Deliverables; or (b) replace or modify the Deliverables so as to no longer infringe.
·By Display. Display will, at Display‘s own expense, indemnify, defend, and hold harmless BQT and its officers, directors, shareholders, employees, contractors, agents, and representatives from and against, and pay all actual out-of-pocket costs, damages, liabilities, and expenses (including reasonable attorneys’ fees) incurred by or awarded against BQT based on, any third party claims or allegations that may be made or filed against BQT resulting from (a) allegation of infringement of any patent, trademark or intellectual property due to the use by BQT of any Display Property provided under this Agreement or (b) use by BQT of any software, hardware, system, network, or technology of Display.
·Procedures. Each party will: (a) give the other party prompt notice of any claim for indemnification; (b) grant to the other party the right to control of the defense or settlement of any resulting legal proceedings, provided that (i)  the indemnified party has the right to retain legal counsel at the other party’s expense to monitor the matter and (ii) any such settlement involves only the payment of money by the other party and does not subject Display to any financial payment or continuing obligation or require any admission of criminal or civil responsibility; and (c) provide the other party with reasonable assistance, at it’s request and expense, in the defense or settlement of any claim for indemnification.  Notwithstanding the foregoing, the indemnified party may participate in any defense, settlement, or other legal proceedings relating to any such indemnification at such party’s expense through counsel of such party’s choice.
·Termination. This Agreement or any SOW may be terminated by either party if the other party breaches any provision of this Agreement or any SOW and fails to cure the breach within ten (10) days after receiving notice thereof from the other party. In addition, either party may suspend performance under this Agreement if the such party reasonably believes that continued performance will cause it injury or liability.  Termination or expiration of this Agreement will
​

automatically terminate any SOWs then pending under this Agreement. Termination or expiration of any SOW will only terminate that SOW and will not affect any other SOW under this Agreement.  Termination or expiration of this Agreement will not relieve either party of any rights or obligations accruing prior to such termination or expiration. Upon any termination of this Agreement as a result of a breach breaches any provision of this Agreement or any SOW and fails to cure the breach within thirty (30) days after receiving notice thereof from Display, (a) BQT shall refund and return to Display all compensation received in connection with this Agreement or any uncompleted SOW and (b) each Party will promptly return to the other Party, or at the request of the other Party destroy, all Confidential Information of the other Party in such party’s possession or control, including all copies thereof.  The applicable portions of the following Sections will survive any termination or expiration of this Agreement for any reason: 1, 4, 5, 6, 7, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21 and 22.
·Confidential Information.
·Confidential Information. For purposes of this Agreement, “Confidential Information” means any data or information regarding the business, finances, services or technology of either party provided to or otherwise obtained by the other party, including technical, marketing, financial, pricing, employee, and planning information, and any other data or information received or otherwise obtained under this Agreement that a reasonable person should have known, under the circumstances, was confidential or proprietary.
·Protection. Each Party (the “Receiving Party”) may from time to time receive or otherwise obtain Confidential Information from the other Party (the “Disclosing Party”).  The Receiving Party will not use any Confidential Information of the Disclosing Party for any purpose not expressly permitted by this Agreement and will disclose the Confidential Information of the Disclosing Party only to the employees or contractors of the Receiving Party who have a need to know such Confidential Information for purposes of this Agreement and who are under a duty of confidentiality no less restrictive than the Receiving Party’s duty hereunder.  The Receiving Party will protect the Disclosing Party’s Confidential Information in the same manner as the Receiving Party protects its own confidential information of a similar nature and with no less than reasonable care.
·Exceptions. The Receiving Party’s obligations with respect to any Confidential Information of the Disclosing Party will terminate if such information: (a) was already lawfully known to the Receiving Party as of the Effective Date; (b) is disclosed to the Receiving Party after the Effective Date by a third party who had the right to make such disclosure without any confidentiality restrictions; (c) is, or through no fault of the Receiving Party becomes, generally available to the public; or (d) is independently developed by the Receiving Party without access to, use of, or reference to, the Disclosing Party’s Confidential Information.  In addition, the Receiving Party will be allowed to disclose Confidential Information of the Disclosing Party to the extent that such disclosure is: (i) necessary for the Receiving Party to enforce its rights under this Agreement in connection with a legal proceeding; or (ii) required by law or by the order of a court of similar judicial, regulatory or administrative body, provided that the Receiving Party notifies the Disclosing Party in advance of such required disclosure promptly and in writing and cooperates with the Disclosing Party, at the Disclosing Party’s reasonable request and expense, in any lawful action to contest or limit the scope of such required disclosure.
·Data Privacy. Any data resulting from or relating to the use or operation of the Deliverables on the Platform will be subject to the terms of the Display privacy policy applicable to the Platform. The parties will each comply at all times with the terms of each applicable privacy policy in the
​

collection and use of any data resulting from or relating to the use or operation of the Deliverables.  Notwithstanding the foregoing, Display may capture data resulting from the use of the Deliverables, provided that the data is non-personally identifiable data (i.e., data that does not identify a person as the source thereof) and may use any such data for any lawful business purpose.  BQT shall at all times use personal information and data in a manner that complies with all data privacy laws, rules, regulations and privacy policies, including without limitation EU General Data Protection Regulation, California Consumer Privacy Act and Display’s Privacy Policy.
·Non-solicitation. During the term of this Agreement and for one year thereafter, neither party will solicit any of the other party’s employees or contractors/consultants involved in to consider alternate employment unless prior approval is obtained from other party.
	·
	Equitable Relief. Each Party hereto acknowledges that its failure to comply with the provisions of this Section 15 may cause irreparable harm to the other Party which cannot be adequately compensated for in damages, and accordingly acknowledges that the other Party will be entitled to seek, in addition to any other remedies available to it, interlocutory and permanent injunctive relief to restrain any anticipated, present or continuing breach of this Section 15.

·Publicity. As a material obligation of this Agreement, neither Party will use the other Party’s name, logo, or trademark, or directly or indirectly reference the other Party or this Agreement, in any press release, advertising, case studies or other public announcement, without such other Party’s prior written consent in each instance. Notwithstanding the foregoing, at the request of Display, BQT agrees to issue a joint press release with Display announcing our mutual cooperation arrangement.  Each Party agrees to consult with the other party prior to any such public announcement and mutually approve the timing, the content and the dissemination.
·Force Majeure. Display will not be liable for any delay or failure in performance to the extent resulting from a breach, failure, or delay by BQT or any third-party, any inaccuracies or omissions of BQT or any third party, or from any other cause beyond Display’s reasonable control, provided that Display takes reasonable steps to minimize the extent and duration of any such failure in performance (each, a “Force Majeure Event”).  In the event of a Force Majeure Event, the period for performance of any Services will be extended by the length of the Force Majeure Event (or by such other length of time as is reasonably required by Display).
·Governing Law. The interpretation of the rights and obligations of the parties under this Agreement will be governed in all respects exclusively by the laws of the State of New York, without regard to the conflicts of laws provisions thereof. Each party will bring an action or proceeding arising from or relating to this Agreement exclusively in a federal or state court in the State of New York (New York County), and each party irrevocably submits to the personal jurisdiction and venue of any such court in any such action or proceeding.
·Injunctive Relief. Each Party agrees that any unauthorized copying, publication, distribution, modification or other utilization of or access to any technology or property of the other party may cause the other party irreparable injury that cannot be adequately compensated for by means of monetary damages.  Each Party therefore agrees that any breach of this Agreement by such Party may be enforced by the other Party by means of equitable relief (including injunction), without the other party being required to post a bond or make a showing of irreparable harm, in addition to any other rights and remedies that may be available to the other Party under applicable law.
​

·  Notices. All notices, consents, authorizations, and approvals to be given by a party hereunder will be in writing and will either be via: (1) hand-delivery; (2) Federal Express or a comparable overnight mail service; (3) certified mail, return receipt requested, to the other party; or (4) by electronic mail transmission, provided that an original copy of a transmission will be delivered by some other means permitted under this Agreement.  Either party may change its address for notice by giving notice of the new address to the other party.
1.
·Additional Terms.
·General. This Agreement supersedes any and all oral or written agreements or understandings between the parties, as to the subject matter of the Agreement.  The preprinted terms of an SOW or any other terms and conditions will not apply to or modify this Agreement. This Agreement may be changed only by a writing signed by both parties.  The waiver of a breach of any provision of this Agreement will not operate or be interpreted as a waiver of any other or subsequent breach.  The words “include,” “includes” and “including” means “include,” “includes” or “including,” in each case, “without limitation.”
·Severability. If any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable, such provision will be changed and interpreted to accomplish the objectives of such provision to the greatest extent possible under applicable law and the remaining provisions of this Agreement will continue in full force and effect.
·Independent Contractors. The Parties are independent contractors, and nothing in this Agreement will be construed as creating an employer-employee relationship, a partnership, or a joint venture between the parties. Neither Party is an agent of the other and neither Party is authorized to make any representation, contract, or commitment on behalf of the other Party.
·Compliance with Law. BQT will not use, acquire, ship, transport, export or re-export any Deliverables, directly or indirectly, into any country in violation of any applicable law (including the United States Export Administration Act and the regulations promulgated thereunder).  BQT may not assign, delegate or transfer, by operation of law or otherwise, this Agreement or any of its rights or obligations under this Agreement without Display’s prior written consent.  Any such assignment, delegation or transfer in violation of the foregoing will be null and void.
·No third-Party Beneficiaries. The Parties hereto agree that there are no third-party beneficiaries to this Agreement other than persons entitled to indemnification hereunder.
·Counterparts. This Agreement may be executed in one or more counterparts, duplicate originals, or facsimile versions (provided that the facsimile versions are confirmed within a reasonable time by signed originals), each of which will be deemed an original, but all of which together will constitute one and the same instrument.
1.
The parties, intending to be legally bound by the terms of this Agreement, have executed this Agreement by their respective authorized representatives as of the Effective Date.
​

	DISPLAY SOCIAL, INC.
	​
	BQT TECHNOLOGIES, LTD
	​

	​
	​
	​
	​
	​
	​

	Signed:
	/s/ John Acunto
	​
	Signed:
	/s/ Edward Mandel
	​

	Name:
	John Acunto
	​
	Name:
	Edward Mandel
	​

	Title:
	CEO
	​
	Title:
	CEO
	​

​

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00344-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00344-of-00352.parquet"}]]