Document:

EX 10.1

    THROUGHOUT
      THIS AGREEMENT, WHERE INFORMATION HAS BEEN REPLACED BY AN ASTERISK (*), THAT
      INFORMATION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT
      FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2
      PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. THE OMITTED
      INFORMATION HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
      COMMISSION.

     

    Product
      Licensing Agreement

     

    This
      Product Licensing Agreement (“Agreement”)
      is
      entered into as of this 1st day of July, 2007 (“Effective
      Date”)
      by and
      between Phantom Entertainment, Inc., a New York corporation having a place
      of
      business at 222 Grace Church Street, Port Chester, New York 10573, United States
      of America (“Licensor”),
      and
      Ione Technology Inc., a
      Taiwanese corporation having its principal place of business at 9F, No.75,
      Sec.1, Hsin Tai Wu Road, Hsih Chi city, Taipei Hsien 221, Taiwan (“Licensee”).
      

     

    Recitals

     

    Whereas,
      the
      Licensee and Licensor are parties to a Product Development and Manufacturing
      Agreement entered into on April 17, 2006 and a Manufacturing and Supply
      Agreement entered into on November 6, 2006; and

     

    Whereas,
      the
      Licensor will grant to the Licensee a non-exclusive, non-transferable License
      to
      produce, distribute, market and sell the Products listed in Exhibit A, under
      the
      Brands listed in Exhibit B, within the Territories defined in Exhibit
      C.

     

    Whereas,
      Licensee agrees to pay to Licensor a Royalty on each Product sold under the
      terms of the Agreement in accordance with the Royalty schedule in Exhibit D.
      The
      Licensee further agrees to sell the Licensed Products within the price
      restrictions detailed in Exhibit E.

     

    Now,
      Therefore,
      in
      consideration of the foregoing and of the mutual promises contained herein,
      the
      receipt and sufficiency of which is hereby acknowledged, the parties agree
      as
      follows:

     

    Agreement

     

    
      	1	
              Definitions

            

    

     

    
      	
              1.1

            	
              “Agreement”
                shall have the meaning set forth in the first paragraph set forth
                above
                and shall include Exhibits A, B, C, D and E, annexed
                hereto.

            

    

     

    
      	
              1.2

            	
              “Advertising”
                shall
                mean any act of bringing public attention to the Product including
                but not
                limited to print, video, audio, Internet or any other
                media.

            

    

     

    
      	
              1.3

            	
              “Brand”
                shall mean a mark or visual identification of any type, registered
                or not,
                identifying a business entity or product.

            

    

     

    
      	
              1.4

            	
              “Confidential
                Information”
                shall mean any and all information and materials disclosed by one
                party
                (“Discloser”)
                to the other party (“Recipient”)
                (whether in writing or in oral, graphic, electronic or any other
                form)
                that are marked or described as, identified in writing as, or provided
                under circumstances indicating that such information and materials
                are
                confidential or proprietary. The Confidential Information of Licensor
                includes, without limitation all information and materials provided
                by
                Licensor relating to Licensor’s customers and the terms of this
                Agreement.

            

    

     

    
      	
              1.5

            	
              “Effective
                Date”
                is the calendar date upon which Licensor and Licensee agree to enter
                the
                Agreement as evidenced by their respective approval signatures. This
                date
                is set forth in the first paragraph set forth
                above.

            

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    
      	
              1.6

            	
              “Intellectual
                Property”
                shall mean all ideas or information related to the Products including
                but
                not limited to trade secrets, patents, industrial design, trademarks
                or
                copyrights.

            

    

     

    
      	
              1.7

            	
              “Initial
                Term”
                shall have the meaning set forth in Section 5.1.

            

    

     

    
      	
              1.8

            	
              “Laws”
                shall mean any statute, law, regulation, ordinance, rule, judgment,
                order,
                decree, permit, concession, grant, franchise, license, agreement,
                directive, guideline, policy or rule of common law, or any governmental
                requirement or other governmental restriction or similar form of
                decision
                or determination, or any interpretation or administration of any
                of the
                foregoing by any national, state or local government (or any association,
                organization or institution of which any of the foregoing is a member,
                or
                to whose jurisdiction any thereof is subject, or in whose activities
                any
                thereof is a participant), whether now or hereafter in
                effect.

            

    

     

    
      	
              1.9

            	
              “License”
                shall mean the lawful permission granted by the Licensor to the Licensee
                to produce, distribute, market and sell the Products under the terms
                and
                conditions set forth in this
                Agreement.

            

    

     

    
      	
              1.10

            	
              “Licensee
                Facility”
                shall mean the Licensee manufacturing facility located at Sec. B,
                Hopewell
                Industrial City, Sima, Changping Town, Dongguan City, Guangdong Province,
                Post code: 523570, P.R.C.

            

    

     

    
      	
              1.11

            	
              “Licensee”
                shall have the meaning set forth in the first paragraph set forth
                above.

            

    

     

    
      	
              1.12

            	
              “Licensor”
                shall have the meaning set forth in the first paragraph set forth
                above.

            

    

     

    
      	
              1.13

            	
              “On-Line
                Retailers”
                shall mean a channel for Product distribution, marketing and sales
                which
                conducts these activities primarily via the Internet with no retail
                sales
                facilities which are publicly
                accessible.

            

    

     

    
      	
              1.14

            	
              “Product”
                shall mean the Products and related parts as described more fully
                on
                Exhibit A attached hereto meeting the
                Specifications.

            

    

     

    
      	
              1.15

            	
              “Project”
                shall mean the work conducted and services provided by Licensee pursuant
                to this Agreement.

            

    

     

    
      	
              1.16

            	
              “Release”
                shall mean, with respect to any Hazardous Material, any release,
                spill,
                emission, emanation, leaking, pumping, injection, deposit, disposal,
                discharge, dispersal, leaching or migration of such Hazardous Material
                into the indoor or outdoor environment, including, without limitation,
                the
                movement of such Hazardous Material through ambient air, soil, surface
                water, groundwater, sea water, wetlands, land or subsurface
                strata.

            

    

     

    
      	
              1.17

            	
              “Royalties”
                shall mean a percentage of the sales price or a fix amount of each
                Product
                sold by the Licensee which is paid to the Licensor under the terms
                and
                conditions set forth in this
                Agreement.

            

    

     

    
      	
              1.18

            	
              “Sales
                Forecast”
                shall mean the estimated quantity of Products to be sold within a
                future
                calendar period. This document includes the number of estimated Products
                to be sold in each country within a specific time period. This document
                is
                created by the Licensee and provided to the Licensor on a quarterly
                basis.

            

    

     

    
      	
              1.19

            	
              “Specifications”
                shall mean the industry
                standard Specifications and Licensor Specifications related to the
                Products including but not limited to Product specifications, bill
                of
                materials, fabrication drawings, assembly drawings, assembly procedures,
                test procedures and inspection
                procedures.

            

    

     

    
      	
              1.20

            	
              “Sublicense”
                shall mean a License either verbal or written granting rights to
                the
                Product to a third party.

            

    

     

    
      	
              1.21

            	
              “Territories”
                shall mean the geographic areas within the boundaries or borders
                of the
                countries listed in Exhibit C.

            

    

     

    
      	
              1.22

            	
              “Tooling”
                shall mean any devices or materials including but not limited to,
                injection molds, test fixtures, software programs, inspection equipment,
                printing equipment or artwork which were specially developed or fabricated
                to produce or test components of the
                Products.

            

    

    

    
      
        
           

        

        
          -2-

          
            

          

        

        
           

        

      

    

     

    
      	2	
              License
                terms, limitations and
                restrictions

            

    

     

    
      	
              2.1

            	
              License
                Grant.
                Subject to the terms and conditions of this Agreement, Licensor hereby
                grants to Licensee for the term of this Agreement a non-exclusive,
                non-transferable License to
                produce, distribute, market and sell the Products.
                Subject to the terms and conditions of this Agreement Licensor grants
                to
                Licensee for the term of this Agreement limited rights to use of
                Product
                design data and production tooling for the exclusive purpose of producing,
                distributing, marketing and selling the
                Products.

            

    

     

    
      	
              2.2

            	
              License
                Brand(s).
                This
                License restricts the use of Brands the Licensee may use to produce,
                distribute, market and sell the Products the Brands listed in Exhibit
                B.
                Licensor’s written approval is required to extend the any of the terms and
                conditions of this Agreement to any other Brands.
                

            

    

     

    
      	
              2.3

            	
              License
                Territories.
                The distribution, marketing and sales of Products under this License
                Agreement will be limited to the Territories listed in Exhibit C.
                Licensee
                agrees to restrict Product distribution, marketing and sales to these
                Territories.

            

    

     

    
      	
              2.4

            	
              Product
                Price Restrictions.
                The Licensee agrees to strictly comply with the Licensor defined
                Product
                price restrictions listed in Exhibit
                E.

            

    

     

    
      	
              2.5

            	
              License
                Royalty.
                Licensee agrees to pay to Licensor a Royalty for each Product sold.
                The
                amount of the royalty is declared in the Royalty schedule in Exhibit
                D.
                Licensee agrees to provide Royalty payments to the Licensor under
                the
                terms and conditions set forth in this
                Agreement.

            

    

     

    
      	
              2.6

            	
              Licensee
                Reporting Requirements.
                Licensee agrees to provide Licensor with regular reports summarizing
                the
                number of Products produced, shipped, sold and returned. These reports
                will include the Brand and the country where the product is shipped,
                sold
                or returned. Licensee also agrees to provide forecasted Product sales
                data
                to Licensor. The specific format and frequency of these reports will
                be
                determined by the Licensor.

            

    

     

    
      	
              2.7

            	
              Licensor
                Audits.
                Licensee agrees to provide Licensor or Licensors designee with reasonable
                periodic access to Licensee’s business and accounting records for the
                purpose of auditing and validating Product production, distribution
                and
                sales volumes. The frequency of audits and the specific records required
                shall be solely determined by the
                Licensor.

            

    

     

    
      	
              2.8

            	
              Production
                Location.
                Licensee agrees to produce all Products under this License at the
                Licensee
                Facility specified in section 1.10.
                Production of the Products at any other facility requires written
                authorization from the Licensor.

            

    

     

    
      	
              2.9

            	
              Sublicensing.
                The Licensor will give consideration to Sublicense agreements proposed
                by
                the Licensee. Each Sublicense will require the prior evaluation and
                prior
                written approval by the Licensor. Approved Sublicense agreements
                along
                with the specific terms, Product Brands, approval signatures and
                related
                materials will be appended to this Agreement as a separate Exhibit.
                Licensee agrees that the Licensor has exclusive rights to grant
                Sublicenses.

            

    

     

    
      	
              2.10

            	
              Product
                Modifications.
                This Agreement excludes all rights to the Licensee to modify the
                Products
                in any manner without prior written approval from Licensor. This
                restriction does not extend to Brand specific Product components
                such as
                packaging, literature, labels, logos or promotional materials which
                are
                unique to the Licensee’s Brand.

            

    

     

    
      	
              2.11

            	
              Product
                Approvals.
                The Licensor shall reserve the right to review and approve all elements
                of
                the Licensed Products prior to production, distribution, marketing
                or
                sale. Licensee agrees to submit sample Products and Product documentation
                to the Licensor for review. Licensee agrees to include any and all
                Product
                changes requested in writing by
                Licensor.

            

    

     

    
      	
              2.12

            	
              Product
                Warranty.
                The Licensor shall reserve the right to review and approve the Product
                warranty terms which will accompany the
                Products.

            

    

     

    
      	
              2.13

            	
              Advertising.
                Licensee shall limit Product Advertising to the Territories listed
                in
                Exhibit C. Licensee agrees to provide Licensor with thorough and
                detailed
                Product Advertising plans. Licensor reserves the right to review
                and
                approve all Internet Product Advertising including but not limited
                to
                Licensee’s corporate website.

            

      
        
           

        

        
          -3-

          
            

          

        

        
           

        

      

    

     

    
      	
              2.14

            	
              Product
                Qualification and Inspection.
                Licensee agrees to submit samples of each Licensed Product to the
                Licensor
                for inspection and qualification testing. Licensee further agrees
                to allow
                the Licensor’s designated party to access the production facility in order
                to inspect the Products and associated manufacturing and quality
                processes.

            

    

     

    
      	
              2.15

            	
              Product
                Certifications.
                Licensor has the sole responsibility for determining which regulatory
                Product certifications will be obtained . Licensor will provide necessary
                funds to Licensee to obtain and maintain these product certifications.
                Licensee agrees to provide technical and administrative support in
                obtaining and maintaining Product regulatory certifications. These
                regulatory certifications include but are not limited to; emissions,
                immunity, safety and environmental.

            

    

     

    
      	
              2.16

            	
              Licensor
                Brand.
                Licensee will obtain Licensor’s prior written approval for any public use
                of Licensor’s brand or corporate identity as it relates to this Agreement
                or the Licensed Products.

            

    

     

    
      	
              2.17

            	
              Product
                Configuration.
                This License grants to the Licensee the right to combine a number
                of
                individual Product components into a specific Product configuration.
                This
                configuration is identified by the Licensee’s Product model number and
                documented in Exhibit A. Licensee agrees to limit production,
                distribution, marketing and sales of the Products to the configurations
                listed in Exhibit A. Additional configurations may be produced with
                Licensor’s prior written approval.

            

    

     

    
      	
              2.18

            	
              Licensor
                Intellectual Property.
                Licensor retains all exclusive rights to Intellectual Property associated
                with the Products. No transfer of these rights is extended to Licensee
                without written consent of
                Licensor.

            

    

     

    
      	3	
              Payment
                terms

            

    

     

    
      	
              3.1

            	
              Royalty
                Payment.
                Licensee
                agrees to pay Licensor the Royalty amount specified in Exhibit D
                for each
                Product shipped from the Licensee Facility. Licensee will submit
                to
                Licensor a detailed report of actual Product shipments and Royalties
                owed
                to Licensor on a monthly basis. Licensee further agrees to pay all
                Royalties due to Licensor in full within * (*) calendar days of each
                months ending date. * (*) calendar days after each months ending
                date will
                be the Royalty payment due date. For example; royalty payments for
                all
                products shipped in the month of May will be due * calendar days
                after the
                last calendar day of May.

            

    

     

    
      	
              3.2

            	
              Late
                Payment.
                Licensor grants to Licensee a penalty * (*) day grace period after
                the
                Royalty payment due date as defined in section 3.1.
                After this penalty free grace period, Licensee agrees to pay a late
                payment penalty to Licensor. Licensee will pay an additional * (*%)
                percent penalty on the any unpaid Royalties from * (*) to * (*) days
                past
                the Royalty payment due date. Licensee will pay an additional * (*%)
                percent penalty on any unpaid Royalties * (*) to * (*) days past
                the
                Royalty payment due date. Licensee will pay an additional * (*%)
                percent
                penalty on any unpaid Royalties from * (*) to * (*) days past the
                Royalty
                payment due date. Licensee will pay an additional * (*%) percent
                penalty
                on any unpaid Royalties more than * (*) days past the Royalty payment
                due
                date.

            

    

     

    
      	4	
              Indemnification

            

    

     

    
      	4.1	
              Licensee’s
                Indemnification. Licensee
                agrees to indemnify, defend and hold harmless Licensor, its affiliates,
                customers, employees,
                contractors, consultants, successors and assigns from and against
                any
                losses, liabilities, costs, damages, claims, fines, penalties and
                expenses
                (including, without limitation, costs of defense or settlement and
                reasonable attorneys’, consultants’ and experts’ fees) that arise out of
                or result from: (a) injuries or death to persons or damage to
                property, including theft, in any way arising out of or caused or
                alleged
                to have been caused by the work or services performed by, or Product
                provided by, Licensee; (b) assertions under Workers’ Compensation or
                similar acts made by persons furnished by Licensee; (c) any breach of
                any representation or warranty by Licensee or failure of Licensee
                to
                perform its obligations under this Agreement; (d) violation of any
                Law, including, without limitation, any environmental Law, in any
                way
                arising out of or caused or alleged to have been caused by Licensee’s work
                or services under this Agreement or by the Product provided by Licensee;
                or (e) any contamination, damage or adverse effect on the environment
                or
                natural resources (including, without limitation, the cost
                of

            

    

    

    
      
        
           

        

        
          -4-

          
            

          

        

        
           

        

      

    

     

    any
      investigation or remediation related thereto) in any way arising out of or
      caused or alleged to have been caused by Licensee’s work or services under this
      Agreement or by any Product provided by Licensee.

     

    
      	4.2	
              Licensor’s
                Indemnification. Licensor
                agrees to indemnify, defend and hold harmless Licensee, its
                affiliates, customers, employees, contractors, consultants, successors
                and
                assigns from and against any losses, liabilities, costs, damages,
                claims,
                fines, penalties and expenses (including, without limitation, costs
                of
                defense or settlement and reasonable attorneys’, consultants’ and experts’
                fees) that arise out of or result from claims of infringement of
                Intellectual Property or other legal rights by any third
                parties.

            

    

     

    
      	5	
              Term
                and Termination

            

    

     

    
      	5.1	
              Term.
                The term of this Agreement shall commence on the Effective Date and
                shall
                continue for * (*) consecutive months (“Initial Term”) thereafter unless
                earlier terminated as provided in Section 5.2.
                After expiration of the Initial Term, this Agreement shall be
                automatically renewed for successive one (1) year terms unless either
                party provides notice of non-renewal at least sixty (60) days prior
                to the
                end of the Initial Term or any renewal
                term.

            

    

     

    
      	5.2	
              Termination.
                Either party may terminate this Agreement in the event that (a) the
                other party breaches any material provision of this Agreement and
                such
                breach continues for a period of thirty (30) calendar days following
                the
                receipt by the defaulting party of notice of such breach, or (b) the
                other party becomes insolvent, is adjudicated bankrupt, voluntarily
                or
                involuntarily files a petition for bankruptcy, makes an assignment
                for the
                benefit of creditors, seeks any other similar relief under any bankruptcy
                Law or related statues or otherwise becomes financially incapable
                of
                performing its obligations in accordance with the terms of this Agreement,
                and such judgment, assignment or incapacity is not revoked within
                sixty
                (60) calendar days. 

            

    

     

    
      	5.3	
              Effect
                of Termination.
                Any
                provisions of this Agreement, which are intended, by their specific
                terms
                or by necessary implication, to survive the expiration or termination
                of
                this Agreement shall so survive. 

            

    

     

    
      	6	
              Confidentiality

            

    

     

    
      	6.1	
              Restrictions
                on Disclosure and use of Confidential Information.
                Recipient shall not use the Confidential Information of Discloser
                except
                for the purpose of performing its obligations and exercising its
                rights
                under this Agreement. Recipient shall maintain the Confidential
                Information of Discloser with at least the same degree of care it
                uses to
                protect its own proprietary information of a similar nature or
                sensitivity, but no less than reasonable care under the circumstances.
                Unless Discloser grants specific, written, advance permission to
                do so,
                Recipient shall not disclose any Confidential Information to any
                third
                party. Recipient shall limit access to the Confidential Information
                of
                Discloser to those employees of Recipient who have a need to know
                such
                information in order to perform its obligations and exercise its
                rights
                under this Agreement and who are bound by confidentiality and non-use
                obligations to Recipient at least equivalent to Recipient’s obligations to
                Discloser under this Agreement. Should Recipient determine that it
                needs
                to disclose Confidential Information of Discloser to any non-employee
                (including consultants and contractors) in order to perform its
                obligations or exercise its rights under this Agreement, Recipient
                shall
                not do so without the prior written permission of Discloser. Upon
                receiving such permission, Recipient may proceed, but only after
                binding
                any such non-employee to confidentiality and non-use obligations
                to
                Recipient at least equivalent to Recipient’s obligations to Discloser
                under this Agreement. Recipient shall be responsible to Discloser
                for the
                acts and omissions of any such non-employee with respect to such
                confidentiality and non-use
                obligations.

            

    

     

    
      	7	
              Limitations
                on Liability

            

    

     

    EXCEPT
      FOR ANY BREACH OF SECTION 6
      (“CONFIDENTIALITY”) OR EXCEPT FOR ANY OBLIGATIONS UNDER
      SECTION 4
      (“INDEMNIFICATION”), IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR SPECIAL,
      INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES OF ANY KIND, OR FOR ANY LOSS
      OF
      PROFITS, LOSS OF REVENUE, LOSS RESULTING FROM INTERRUPTION OF BUSINESS OR LOSS
      OF USE OR DATA, WHETHER OR NOT ADVISED OF THE POSSIBILITY OF SUCH
      LOSS.

     

    
      
        
           

        

        
          -5-

          
            

          

        

        
           

        

      

    

     

    
      	8	
              Miscellaneous

            

    

     

    
      	8.1	
              Remedies.
                The parties agree that any breach of Section 4
                shall cause irreparable harm and significant injury to the non-breaching
                party which may be difficult to ascertain. Accordingly, the parties
                agree
                that each party shall have the right, in addition to any other remedies
                available to it, to obtain an immediate injunction, without necessity
                of
                posting a bond, enjoining any breach by the other party of
                Section 4.
                Notwithstanding anything in this Agreement to the contrary, Licensor
                shall
                be entitled under this Agreement to all of the rights and remedies
                available to a contracting party under the Uniform Commercial
                Code.

            

    

     

    
      	
              8.2

            	
              Unlicensed
                Products.
                Licensee agrees to aid Licensor in identifying and prosecuting any
                third
                party who unlawfully utilizes Licensor’s Intellectual Property, tooling or
                any Confidential Information to produce, distribute, market or sell
                similar Products at any time in any market. Licensee agrees to utilize
                reasonable means and resources to aid Licensor to the same extent
                Licensee
                would use protecting its’ own Intellectual Property, Tooling or any
                Confidential Information.

            

    

     

    
      	
              8.3

            	
              US
                Dollars.
                All references to pricing, including, but not limited to Product
                Pricing,
                are reflected in US Dollars and no other currency.
                

            

    

     

    
      	8.4	
              Assignment.
                Licensee shall not assign, sell, transfer, delegate or otherwise
                dispose
                of, whether voluntarily or involuntarily, by operation of Law or
                otherwise, any rights or obligations under this Agreement without
                the
                prior written consent of Licensor. Except as provided herein, any
                purported assignment, transfer or delegation by Licensee shall be
                null and
                void. Subject to the foregoing, this Agreement shall be binding upon
                and
                shall inure to the benefit of the parties and their respective successors
                and permitted assigns.

            

    

     

    
      	8.5	
              Governing
                Law.
                This Agreement shall be governed by and construed pursuant to the
                Laws of
                the State of New York, without regard to conflict of Laws provisions
                thereof. Venue of any action arising out of this Agreement shall
                be had in
                the state or federal courts in New York City, New York, and each
                party
                hereto irrevocably submits to the exclusive jurisdiction and venue
                of any
                such court in any such suit, action or
                proceeding.

            

    

     

    
      	8.6	
              Non-Waiver.
                Failure by either party to insist upon strict performance of any
                of the
                terms and conditions hereof, or delay in exercising any rights or
                remedies
                provided herein, shall not release the other party from any of the
                obligations of this Agreement and shall not be deemed a waiver of
                any
                rights of such other party to insist upon strict performance
                thereof.

            

    

     

    
      	8.7	
              Attorney’s
                Fees.
                In the event either party brings legal action to enforce any provision
                herein, the prevailing party shall be entitled to collect from the
                losing
                party reasonable attorneys’ fees and costs
                incurred.

            

    

     

    
      	8.8	
              Entire
                Agreement and Modification.
                No agreement or understanding in any way modifying these terms and
                conditions, either before or after the execution hereof, shall be
                binding
                upon either party unless in writing and signed by both parties. This
                Agreement, together with any Specifications, Exhibits and documents
                attached hereto and incorporated by reference, constitutes the entire
                agreement between the parties as to the Licensing of the
                Products.

            

    

     

    
      	8.9	
              Status
                of the Parties.
                Licensee hereby represents and warrants that Licensee is engaged
                in an
                independent business and shall perform its obligations under this
                Agreement as an independent Licensee and not as an agent or employee
                of or
                a joint venturer with Licensor; that the persons performing the services
                hereunder are not agents or employees of Licensor; that Licensee
                has and
                hereby retains, except as set forth herein, the right to exercise
                full
                control with respect to the means of its performance hereunder and
                full
                control over the employment, direction, compensation and discharge
                of all
                employees, agents and subcontractors assisting in such performance;
                that
                Licensee shall be solely responsible for all matters relating to
                payment
                of such employees, including compliance with worker’s compensation,
                unemployment and disability insurance, social security withholding,
                and
                all such matters; and that Licensee shall be responsible for the
                acts of
                Licensee and

            

    

     

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

     

    the
      acts
      of all agents, employees and contractors employed by Licensee during Licensee’s
      performance under this Agreement.

     

    
      	8.10	
              Severability.
                If any one or more of the provisions contained in this Agreement
                shall,
                for any reason, be held to be invalid, illegal or unenforceable in
                any
                respect, such invalidity, illegality or unenforceability shall not
                affect
                any other provision hereof, and this Agreement shall be construed
                as if
                such invalid, illegal or unenforceable provision had never been contained
                herein.

            

    

     

    
      	8.11	
              Notice.
                All notices required hereunder shall be in writing and shall be sent
                by
                (a)  internationally recognized courier service (e.g., DHL, Federal
                Express), with all postage or delivery charges prepaid, or
                (b) facsimile, subject to email confirmation , and shall be addressed
                to the parties at their addresses set forth in the first paragraph
                of this
                Agreement or to such other address(es) as may be furnished by written
                notice in the manner set forth
                herein.

            

    

     

    
      	8.12	
              Headings.
                The headings of the Sections in this Agreement are for convenience
                only
                and shall not be deemed to affect, qualify, simplify, add to or subtract
                from the contents of the clauses which they
                reference.

            

    

     

    
      	8.13	
              Language.
                The
                parties agree that this Agreement shall be executed in English, which
                shall be the official language for all questions and interpretations
                hereunder.

            

    

     

    
      	8.14	
              Counterparts.
                This
                Agreement may be executed in counterparts, by manual or facsimile
                signature, each of which shall be deemed to be an original and both
                together shall be deemed to be one and the same agreement.
                

            

    

     

     

    In
      Witness Whereof,
      the
      parties hereto have caused this Agreement to be duly executed by their
      authorized representative as of the Effective Date.

     

    
      
        	Phantom
                Entertainment, Inc.	 	Ione
                Technology Inc.
	 	 	 	 	 
	 	 	 	 	 
	By: 	
                /s/ 
                  Greg Koler

              	 	By: 	
                /s/ 
                  Jeff Chiang

              
	 	
                Name: 
                  Greg
                  Koler

              	 	 	
                Name: 
                  Jeff
                  Chiang

              
	 	
                Title: 
                  CEO
                  and President

              	 	 	
                Title:
                  Product
                  Marketing Director

              
	 	 	 	 	 
	Date:
                April 17, 2007	 	 	 

      

    

     

     

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

     

    Exhibit
      A

    Products
      Covered Under 

    Product
      License Agreement

    

    

    

    

    

    LICENSED
      PRODUCT MODELS

    

    
      	
              Ione
                Model Number

            	
              Product
                Description

            
	
              Lynx-S3

            	
              Ione
                Brand Mouse

            
	   
	   

	  
	  

	  
	  

	  
	  

	  
	  

    

    

    

    LICENSED
      PRODUCT REFERENCE IMAGES

    

    logo
      here

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    Exhibit
      B

    Licensed
      Product Brands

     

    
      	
              Brand
                Owner

            	
              Brand
                Name

            	
              Brand
                Identity (Logo)

            
	
              Ione
                Technology, Inc.

            	
              Ione

            	
              logo
                here

            
	  
	  
	  

	  
	  
	  

	  
	  
	  

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Exhibit
      C

    Licensed
      Territories

     

    Continental
      Licenses

     

    
      	 	
              ·

            	
              North
                America

            

    

    
      	 	
              ·

            	
              South
                America

            

    

    
      	 	
              ·

            	
              Africa

            

    

    
      	 	
              ·

            	
              Europe

            

    

    
      	 	
              ·

            	
              Australia

            

    

    
      	 	
              ·

            	
              All
                countries outside of
                Asia

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Exhibit
      D

    Royalty
      Schedule

     

    
      	
               

              Royalty
                

              Period

            	
               

              Product
                Model

              Per
                Exhibit A

            	
               

              Royalty
                

              Basis

            	
               

              Royalty
                (Percentage

              of
                Distributor Basis)

            	
               

              Licensor
                Royalty

              Per
                Unit

            
	
              Initial
                Term of the Agreement

            	
              Lynx-S3

            	
              *

            	
              *

            	
              $*

            

    

    

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    Exhibit
      E

    Product
      Price Restrictions

    

    
      	
              Product
                Model Number

            	
              Product
                Description

            	
              Lowest
                Distributor Price

            
	
              Lynx-S3

            	
              Ione
                Brand Mouse

            	
              $
                *
                (US Dollars)EX 10.2

    THROUGHOUT
      THIS AGREEMENT, WHERE INFORMATION HAS BEEN REPLACED BY AN ASTERISK (*), THAT
      INFORMATION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT
      FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2
      PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. THE OMITTED
      INFORMATION HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
      COMMISSION.

     

    Product
      Licensing Agreement

     

    This
      Product Licensing Agreement (“Agreement”)
      is
      entered into as of this 1st
      day of
      July, 2007 (“Effective
      Date”)
      by and
      between Phantom Entertainment, Inc., a New York corporation having a place
      of
      business at 222 Grace Church Street, Port Chester, New York 10573, United States
      of America (“Licensor”),
      and
      Ione Technology Inc., a
      Taiwanese corporation having its principal place of business at 9F, No.75,
      Sec.1, Hsin Tai Wu Road, Hsih Chi city, Taipei Hsien 221, Taiwan (“Licensee”).
      

     

    Recitals

     

    Whereas,
      the
      Licensee and Licensor are parties to a Product Development and Manufacturing
      Agreement entered into on April 17, 2006 and a Manufacturing and Supply
      Agreement entered into on November 6, 2006; and

     

    Whereas,
      the
      Licensor will grant to the Licensee an exclusive, non-transferable License
      to
      produce, distribute, market and sell the Products listed in Exhibit A, under
      the
      Brands listed in Exhibit B, within the Territories defined in Exhibit
      C.

     

    Whereas,
      Licensee agrees to pay to Licensor a Royalty on each Product sold under the
      terms of the Agreement in accordance with the Royalty schedule in Exhibit D.
      The
      Licensee further agrees to sell the Licensed Products within the price
      restrictions detailed in Exhibit E.

     

    Now,
      Therefore,
      in
      consideration of the foregoing and of the mutual promises contained herein,
      the
      receipt and sufficiency of which is hereby acknowledged, the parties agree
      as
      follows:

     

    Agreement

     

    
      	1	
              Definitions

            

    

     

    
      	
              1.1

            	
              “Agreement”
                shall have the meaning set forth in the first paragraph set forth
                above
                and shall include Exhibits A, B, C, D and E, annexed
                hereto.

            

    

     

    
      	
              1.2

            	
              “Advertising”
                shall
                mean any act of bringing public attention to the Product including
                but not
                limited to print, video, audio, Internet or any other
                media.

            

    

     

    
      	
              1.3

            	
              “Brand”
                shall mean a mark or visual identification of any type, registered
                or not,
                identifying a business entity or product.

            

    

     

    
      	
              1.4

            	
              “Confidential
                Information”
                shall mean any and all information and materials disclosed by one
                party
                (“Discloser”)
                to the other party (“Recipient”)
                (whether in writing or in oral, graphic, electronic or any other
                form)
                that are marked or described as, identified in writing as, or provided
                under circumstances indicating that such information and materials
                are
                confidential or proprietary. The Confidential Information of Licensor
                includes, without limitation all information and materials provided
                by
                Licensor relating to Licensor’s customers and the terms of this
                Agreement.

            

    

     

    
      	
              1.5

            	
              “Effective
                Date”
                is the calendar date upon which Licensor and Licensee agree to enter
                the
                Agreement as evidenced by their respective approval signatures. This
                date
                is set forth in the first paragraph set forth
                above.

            

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    
      	
              1.6

            	
              “Intellectual
                Property”
                shall mean all ideas or information related to the Products including
                but
                not limited to trade secrets, patents, industrial design, trademarks
                or
                copyrights.

            

    

     

    
      	
              1.7

            	
              “Initial
                Term”
                shall have the meaning set forth in Section 5.1.

            

    

     

    
      	
              1.8

            	
              “Laws”
                shall mean any statute, law, regulation, ordinance, rule, judgment,
                order,
                decree, permit, concession, grant, franchise, license, agreement,
                directive, guideline, policy or rule of common law, or any governmental
                requirement or other governmental restriction or similar form of
                decision
                or determination, or any interpretation or administration of any
                of the
                foregoing by any national, state or local government (or any association,
                organization or institution of which any of the foregoing is a member,
                or
                to whose jurisdiction any thereof is subject, or in whose activities
                any
                thereof is a participant), whether now or hereafter in
                effect.

            

    

     

    
      	
              1.9

            	
              “License”
                shall mean the lawful permission granted by the Licensor to the Licensee
                to produce, distribute, market and sell the Products under the terms
                and
                conditions set forth in this
                Agreement.

            

    

     

    
      	
              1.10

            	
              “Licensee
                Facility”
                shall mean the Licensee manufacturing facility located at Sec. B,
                Hopewell
                Industrial City, Sima, Changping Town, Dongguan City, Guangdong Province,
                Post code: 523570, P.R.C.

            

    

     

    
      	
              1.11

            	
              “Licensee”
                shall have the meaning set forth in the first paragraph set forth
                above.

            

    

     

    
      	
              1.12

            	
              “Licensor”
                shall have the meaning set forth in the first paragraph set forth
                above.

            

    

     

    
      	
              1.13

            	
              “Product”
                shall mean the Products and related parts as described more fully
                on
                Exhibit A attached hereto meeting the
                Specifications.

            

    

     

    
      	
              1.14

            	
              “Project”
                shall mean the work conducted and services provided by Licensee pursuant
                to this Agreement.

            

    

     

    
      	
              1.15

            	
              “Release”
                shall mean, with respect to any Hazardous Material, any release,
                spill,
                emission, emanation, leaking, pumping, injection, deposit, disposal,
                discharge, dispersal, leaching or migration of such Hazardous Material
                into the indoor or outdoor environment, including, without limitation,
                the
                movement of such Hazardous Material through ambient air, soil, surface
                water, groundwater, sea water, wetlands, land or subsurface
                strata.

            

    

     

    
      	
              1.16

            	
              “Royalties”
                shall mean a percentage of the sales price or a fixed amount of each
                Product sold by the Licensee which is paid to the Licensor under
                the terms
                and conditions set forth in this
                Agreement.

            

    

     

    
      	
              1.17

            	
              “Sales
                Forecast”
                shall mean the estimated quantity of Products to be sold within a
                future
                calendar period. This document includes the number of estimated Products
                to be sold in each country within a specific time period. This document
                is
                created by the Licensee and provided to the Licensor on a quarterly
                basis.

            

    

     

    
      	
              1.18

            	
              “Specifications”
                shall mean the industry
                standard Specifications and Licensor Specifications related to the
                Products including but not limited to Product specifications, bill
                of
                materials, fabrication drawings, assembly drawings, assembly procedures,
                test procedures and inspection
                procedures.

            

    

     

    
      	
              1.19

            	
              “Sublicense”
                shall mean a License either verbal or written granting rights to
                the
                Product to a third party.

            

    

     

    
      	
              1.20

            	
              “Territories”
                shall mean the geographic areas within the boundaries or borders
                of the
                countries listed in Exhibit C.

            

    

     

    
      	
              1.21

            	
              “Tooling”
                shall mean any devices or materials including but not limited to,
                injection molds, test fixtures, software programs, inspection equipment,
                printing equipment or artwork which were specially developed or fabricated
                to produce or test components of the
                Products.

            

    

     

    
      	2	
              License
                terms, limitations and
                restrictions

            

    

     

    
      	
              2.1

            	
              License
                Grant.
                Subject to the terms and conditions of this Agreement, Licensor hereby
                grants to Licensee for the term of this Agreement an exclusive,
                non-transferable License to
                produce,

            

    

    

    
      
        
           

        

        
          -2-

          
            

          

        

        
           

        

      

    

     

    distribute,
      market and sell the Products.
      Subject
      to the terms and conditions of this Agreement Licensor grants to Licensee for
      the term of this Agreement limited rights to use of Product design data and
      production tooling for the exclusive purpose of producing, distributing,
      marketing and selling the Products.

     

    
      	
              2.2

            	
              License
                Brand(s).
                This
                License restricts the use of Brands the Licensee may use to produce,
                distribute, market and sell the Products the Brands listed in Exhibit
                B.
                Licensor’s written approval is required to extend the any of the terms and
                conditions of this Agreement to any other Brands.
                

            

    

     

    
      	
              2.3

            	
              License
                Territories.
                The distribution, marketing and sales of Products under this License
                Agreement will be limited to the Territories listed in Exhibit C.
                Licensee
                agrees to restrict Product distribution, marketing and sales to these
                Territories.

            

    

     

    
      	
              2.4

            	
              Product
                Price Restrictions.
                The Licensee agrees to strictly comply with the Licensor defined
                Product
                price restrictions listed in Exhibit
                E.

            

    

     

    
      	
              2.5

            	
              License
                Royalty.
                Licensee agrees to pay to Licensor a Royalty for each Product sold.
                The
                amount of the royalty is declared in the Royalty schedule in Exhibit
                D.
                Licensee agrees to provide Royalty payments to the Licensor under
                the
                terms and conditions set forth in this
                Agreement.

            

    

     

    
      	
              2.6

            	
              Licensee
                Reporting Requirements.
                Licensee agrees to provide Licensor with regular reports summarizing
                the
                number of Products produced, shipped, sold and returned. These reports
                will include the Brand and the country where the product is shipped,
                sold
                or returned. Licensee also agrees to provide forecasted Product sales
                data
                to Licensor. The specific format and frequency of these reports will
                be
                determined by the Licensor.

            

    

     

    
      	
              2.7

            	
              Licensor
                Audits.
                Licensee agrees to provide Licensor or Licensors designee with reasonable
                periodic access to Licensee’s business and accounting records for the
                purpose of auditing and validating Product production, distribution
                and
                sales volumes. The frequency of audits and the specific records required
                shall be solely determined by the
                Licensor.

            

    

     

    
      	
              2.8

            	
              Production
                Location.
                Licensee agrees to produce all Products under this License at the
                Licensee
                Facility specified in section 1.10.
                Production of the Products at any other facility requires written
                authorization from the Licensor.

            

    

     

    
      	
              2.9

            	
              Sublicensing.
                The Licensor will give consideration to Sublicense agreements proposed
                by
                the Licensee. Each Sublicense will require the prior evaluation and
                prior
                written approval by the Licensor. Approved Sublicense agreements
                along
                with the specific terms, Product Brands, approval signatures and
                related
                materials will be appended to this Agreement as a separate Exhibit.
                Licensee agrees that the Licensor has exclusive rights to grant
                Sublicenses.

            

    

     

    
      	
              2.10

            	
              Product
                Modifications.
                This Agreement excludes all rights to the Licensee to modify the
                Products
                in any manner without prior written approval from Licensor. This
                restriction does not extend to Brand specific Product components
                such as
                packaging, literature, labels, logos or promotional materials which
                are
                unique to the Licensee’s Brand.

            

    

     

    
      	
              2.11

            	
              Product
                Approvals.
                The Licensor shall reserve the right to review and approve all elements
                of
                the Licensed Products prior to production, distribution, marketing
                or
                sale. Licensee agrees to submit sample Products and Product documentation
                to the Licensor for review. Licensee agrees to include any and all
                Product
                changes requested in writing by
                Licensor.

            

    

     

    
      	
              2.12

            	
              Product
                Warranty.
                The Licensor shall reserve the right to review and approve the Product
                warranty terms which will accompany the
                Products.

            

    

     

    
      	
              2.13

            	
              Advertising.
                Licensee shall limit Product Advertising to the Territories listed
                in
                Exhibit C. Licensee agrees to provide Licensor with thorough and
                detailed
                Product Advertising plans. Licensor reserves the right to review
                and
                approve all Internet Product Advertising including but not limited
                to
                Licensee’s corporate website.

            

    

     

    
      	
              2.14

            	
              Product
                Qualification and Inspection.
                Licensee agrees to submit samples of each Licensed Product to the
                Licensor
                for inspection and qualification testing. Licensee further agrees
                to allow
                the

            

    

    

    
      
        
           

        

        
          -3-

          
            

          

        

        
           

        

      

    

     

    Licensor’s
      designated party to access the production facility in order to inspect the
      Products and associated manufacturing and quality processes.

     

    
      	
              2.15

            	
              Product
                Certifications.
                Licensee will obtain and maintain all required regulatory certifications
                to legally sell the Product within the Territories specified in this
                Agreement. These certifications include but are not limited to safety,
                emissions, immunity and
                environmental.

            

    

     

    
      	
              2.16

            	
              Licensor
                Brand.
                Licensee will obtain Licensor’s prior written approval for any public use
                of Licensor’s brand or corporate identity as it relates to this Agreement
                or the Licensed Products.

            

    

     

    
      	
              2.17

            	
              Product
                Configuration.
                This License grants to the Licensee the right to combine a number
                of
                individual Product components into a specific Product configuration.
                This
                configuration is identified by the Licensee’s Product model number and
                documented in Exhibit A. Licensee agrees to limit production,
                distribution, marketing and sales of the Products to the configurations
                listed in Exhibit A. Additional configurations may be produced with
                Licensor’s prior written approval.

            

    

     

    
      	
              2.18

            	
              Licensor
                Intellectual Property.
                Licensor retains all exclusive rights to Intellectual Property associated
                with the Products. No transfer of these rights is extended to Licensee
                without written consent of
                Licensor.

            

    

     

    
      	3	
              Payment
                terms

            

    

     

    
      	
              3.1

            	
              Use
                of Initial Product Royalties.
                Licensee agrees to apply the Royalties from the initial Product sales
                to
                repay Licensee’s actual costs associated with the pilot build of * (*)
                units of the Licensor’s Branded Product (Phantom Brand). Estimated pilot
                build cost is * ($*). Licensee further agrees to apply initial Royalties
                to repay Licensee’s tooling cost for an unplanned overmolded part
                described as the “clevis lock”. Estimated tooling cost for the clevis lock
                is * ($*). When Royalties have been accumulated in the amount equal
                to
                these combined expenses (* ($*)), the Licensee agrees to pay all
                subsequent Royalties as described in item 3.2.

            

    

     

    
      	
              3.2

            	
              Royalty
                Payment.
                Licensee
                agrees to pay Licensor the Royalty amount specified in Exhibit D
                for each
                Product shipped from the Licensee Facility. Licensee will submit
                to
                Licensor a detailed report of actual Product shipments and Royalties
                owed
                to Licensor on a monthly basis. Licensee further agrees to pay all
                Royalties due to Licensor in full within * (*) calendar days of each
                months ending date. * (*) calendar days after each months ending
                date will
                be the Royalty payment due date. For example; royalty payments for
                all
                products shipped in the month of May will be due * calendar days
                after the
                last calendar day of May.

            

    

     

    
      	
              3.3

            	
              Late
                Payment.
                Licensor grants to Licensee a penalty free * (*) day grace period
                after
                the Royalty payment due date as defined in section 3.2.
                After this penalty free grace period, Licensee agrees to pay a late
                payment penalty to Licensor. Licensee will pay an additional * (*%)
                percent penalty on any unpaid Royalties from * (*) to * (*) days
                past the
                Royalty payment due date. Licensee will pay an additional * (*%)
                percent
                penalty on any unpaid Royalties * (*) to * (*) days past the Royalty
                payment due date. Licensee will pay an additional * (*%) percent
                penalty
                on any unpaid Royalties from * (*) to * (*) days past the Royalty
                payment
                due date. Licensee will pay an additional * (*%) percent penalty
                on any
                unpaid Royalties more than * (*) days past the Royalty payment due
                date.

            

    

     

    
      	4	
              Indemnification

            

    

     

    
      	4.1	
              Licensee’s
                Indemnification. Licensee
                agrees to indemnify, defend and hold harmless Licensor, its
                affiliates, customers, employees, contractors, consultants, successors
                and
                assigns from and against any losses, liabilities, costs, damages,
                claims,
                fines, penalties and expenses (including, without limitation, costs
                of
                defense or settlement and reasonable attorneys’, consultants’ and experts’
                fees) that arise out of or result from: (a) injuries or death to
                persons or damage to property, including theft, in any way arising
                out of
                or caused or alleged to have been caused by the work or services
                performed
                by, or Product provided by, Licensee; (b) assertions under Workers’
                Compensation or similar acts made by persons furnished by Licensee;
                (c) any breach of any representation or warranty by Licensee or
                failure of Licensee to perform its obligations under this Agreement;
                (d) violation of any Law, including, without limitation, any
                environmental Law, in any way arising out of or caused or alleged
                to have
                been caused by Licensee’s work

            

    

    

    
      
        
           

        

        
          -4-

          
            

          

        

        
           

        

      

    

     

    or
      services under this Agreement or by the Product provided by Licensee; or (e)
      any
      contamination, damage or adverse effect on the environment or natural resources
      (including, without limitation, the cost of any investigation or remediation
      related thereto) in any way arising out of or caused or alleged to have been
      caused by Licensee’s work or services under this Agreement or by any Product
      provided by Licensee. 

     

    
      	4.2	
              Licensor’s
                Indemnification. Licensor
                agrees to indemnify, defend and hold harmless Licensee, its
                affiliates, customers, employees, contractors, consultants, successors
                and
                assigns from and against any losses, liabilities, costs, damages,
                claims,
                fines, penalties and expenses (including, without limitation, costs
                of
                defense or settlement and reasonable attorneys’, consultants’ and experts’
                fees) that arise out of or result from claims of infringement of
                Intellectual Property or other legal rights by any third
                parties.

            

    

     

    
      	5	
              Term
                and Termination

            

    

     

    
      	5.1	
              Term.
                The term of this Agreement shall commence on the Effective Date and
                shall
                continue for * (*) consecutive months (“Initial
                Term”)
                thereafter unless earlier terminated as provided in
                Section 5.2.
                After expiration of the Initial Term, this Agreement shall be
                automatically renewed for successive one (1) year terms unless either
                party provides notice of non-renewal at least sixty (60) days prior
                to the
                end of the Initial Term or any renewal
                term.

            

    

     

    
      	5.2	
              Termination.
                Either party may terminate this Agreement in the event that (a) the
                other party breaches any material provision of this Agreement and
                such
                breach continues for a period of thirty (30) calendar days following
                the
                receipt by the defaulting party of notice of such breach, or (b) the
                other party becomes insolvent, is adjudicated bankrupt, voluntarily
                or
                involuntarily files a petition for bankruptcy, makes an assignment
                for the
                benefit of creditors, seeks any other similar relief under any bankruptcy
                Law or related statues or otherwise becomes financially incapable
                of
                performing its obligations in accordance with the terms of this Agreement,
                and such judgment, assignment or incapacity is not revoked within
                sixty
                (60) calendar days. 

            

    

     

    
      	5.3	
              Effect
                of Termination.
                Any
                provisions of this Agreement, which are intended, by their specific
                terms
                or by necessary implication, to survive the expiration or termination
                of
                this Agreement shall so survive. 

            

    

     

    
      	6	
              Confidentiality

            

    

     

    
      	6.1	
              Restrictions
                on Disclosure and use of Confidential Information.
                Recipient shall not use the Confidential Information of Discloser
                except
                for the purpose of performing its obligations and exercising its
                rights
                under this Agreement. Recipient shall maintain the Confidential
                Information of Discloser with at least the same degree of care it
                uses to
                protect its own proprietary information of a similar nature or
                sensitivity, but no less than reasonable care under the circumstances.
                Unless Discloser grants specific, written, advance permission to
                do so,
                Recipient shall not disclose any Confidential Information to any
                third
                party. Recipient shall limit access to the Confidential Information
                of
                Discloser to those employees of Recipient who have a need to know
                such
                information in order to perform its obligations and exercise its
                rights
                under this Agreement and who are bound by confidentiality and non-use
                obligations to Recipient at least equivalent to Recipient’s obligations to
                Discloser under this Agreement. Should Recipient determine that it
                needs
                to disclose Confidential Information of Discloser to any non-employee
                (including consultants and contractors) in order to perform its
                obligations or exercise its rights under this Agreement, Recipient
                shall
                not do so without the prior written permission of Discloser. Upon
                receiving such permission, Recipient may proceed, but only after
                binding
                any such non-employee to confidentiality and non-use obligations
                to
                Recipient at least equivalent to Recipient’s obligations to Discloser
                under this Agreement. Recipient shall be responsible to Discloser
                for the
                acts and omissions of any such non-employee with respect to such
                confidentiality and non-use
                obligations.

            

    

     

    
      	7	
              Limitations
                on Liability

            

    

     

    EXCEPT
      FOR ANY BREACH OF SECTION 6
      (“CONFIDENTIALITY”) OR EXCEPT FOR ANY OBLIGATIONS UNDER
      SECTION 4
      (“INDEMNIFICATION”), IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR SPECIAL,
      INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES OF ANY KIND, OR FOR ANY LOSS
      OF
      PROFITS, LOSS OF REVENUE, LOSS RESULTING FROM

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

     

    INTERRUPTION
      OF BUSINESS OR LOSS OF USE OR DATA, WHETHER OR NOT ADVISED OF THE POSSIBILITY
      OF
      SUCH LOSS.

     

    
      	8	
              Miscellaneous

            

    

     

    
      	8.1	
              Remedies.
                The parties agree that any breach of Section 4
                shall cause irreparable harm and significant injury to the non-breaching
                party which may be difficult to ascertain. Accordingly, the parties
                agree
                that each party shall have the right, in addition to any other remedies
                available to it, to obtain an immediate injunction, without necessity
                of
                posting a bond, enjoining any breach by the other party of
                Section 4.
                Notwithstanding anything in this Agreement to the contrary, Licensor
                shall
                be entitled under this Agreement to all of the rights and remedies
                available to a contracting party under the Uniform Commercial
                Code.

            

    

     

    
      	
              8.2

            	
              Unlicensed
                Products.
                Licensee agrees to aid Licensor in identifying and prosecuting any
                third
                party who unlawfully utilizes Licensor’s Intellectual Property, tooling or
                any Confidential Information to produce, distribute, market or sell
                similar Products at any time in any market. Licensee agrees to utilize
                reasonable means and resources to aid Licensor to the same extent
                Licensee
                would use protecting its’ own Intellectual Property, Tooling or any
                Confidential Information.

            

    

     

    
      	
              8.3

            	
              US
                Dollars.
                All references to pricing, including, but not limited to Product
                Pricing,
                are reflected in US Dollars and no other currency.
                

            

    

     

    
      	8.4	
              Assignment.
                Licensee shall not assign, sell, transfer, delegate or otherwise
                dispose
                of, whether voluntarily or involuntarily, by operation of Law or
                otherwise, any rights or obligations under this Agreement without
                the
                prior written consent of Licensor. Except as provided herein, any
                purported assignment, transfer or delegation by Licensee shall be
                null and
                void. Subject to the foregoing, this Agreement shall be binding upon
                and
                shall inure to the benefit of the parties and their respective successors
                and permitted assigns.

            

    

     

    
      	8.5	
              Governing
                Law.
                This Agreement shall be governed by and construed pursuant to the
                Laws of
                the State of New York, without regard to conflict of Laws provisions
                thereof. Venue of any action arising out of this Agreement shall
                be had in
                the state or federal courts in New York City, New York, and each
                party
                hereto irrevocably submits to the exclusive jurisdiction and venue
                of any
                such court in any such suit, action or
                proceeding.

            

    

     

    
      	8.6	
              Non-Waiver.
                Failure by either party to insist upon strict performance of any
                of the
                terms and conditions hereof, or delay in exercising any rights or
                remedies
                provided herein, shall not release the other party from any of the
                obligations of this Agreement and shall not be deemed a waiver of
                any
                rights of such other party to insist upon strict performance
                thereof.

            

    

     

    
      	8.7	
              Attorney’s
                Fees.
                In the event either party brings legal action to enforce any provision
                herein, the prevailing party shall be entitled to collect from the
                losing
                party reasonable attorneys’ fees and costs
                incurred.

            

    

     

    
      	8.8	
              Entire
                Agreement and Modification.
                No agreement or understanding in any way modifying these terms and
                conditions, either before or after the execution hereof, shall be
                binding
                upon either party unless in writing and signed by both parties. This
                Agreement, together with any Specifications, Exhibits and documents
                attached hereto and incorporated by reference, constitutes the entire
                agreement between the parties as to the Licensing of the
                Products.

            

    

     

    
      	8.9	
              Status
                of the Parties.
                Licensee hereby represents and warrants that Licensee is engaged
                in an
                independent business and shall perform its obligations under this
                Agreement as an independent Licensee and not as an agent or employee
                of or
                a joint venturer with Licensor; that the persons performing the services
                hereunder are not agents or employees of Licensor; that Licensee
                has and
                hereby retains, except as set forth herein, the right to exercise
                full
                control with respect to the means of its performance hereunder and
                full
                control over the employment, direction, compensation and discharge
                of all
                employees, agents and subcontractors assisting in such performance;
                that
                Licensee shall be solely responsible for all matters relating to
                payment
                of such employees, including compliance with worker’s compensation,
                unemployment and disability insurance, social
                security

            

    

    

    
      
        
           

        

        
          -6-

          
            

          

        

        
           

        

      

    

     

    withholding,
      and all such matters; and that Licensee shall be responsible for the acts of
      Licensee and the acts of all agents, employees and contractors employed by
      Licensee during Licensee’s performance under this Agreement.

     

    
      	8.10	
              Severability.
                If any one or more of the provisions contained in this Agreement
                shall,
                for any reason, be held to be invalid, illegal or unenforceable in
                any
                respect, such invalidity, illegality or unenforceability shall not
                affect
                any other provision hereof, and this Agreement shall be construed
                as if
                such invalid, illegal or unenforceable provision had never been contained
                herein.

            

    

     

    
      	8.11	
              Notice.
                All notices required hereunder shall be in writing and shall be sent
                by
                (a) internationally recognized courier service (e.g., DHL, Federal
                Express), with all postage or delivery charges prepaid, or
                (b) facsimile, subject to email confirmation, and shall be addressed
                to the parties at their addresses set forth in the first paragraph
                of this
                Agreement or to such other address(es) as may be furnished by written
                notice in the manner set forth
                herein.

            

    

     

    
      	8.12	
              Headings.
                The headings of the Sections in this Agreement are for convenience
                only
                and shall not be deemed to affect, qualify, simplify, add to or subtract
                from the contents of the clauses which they
                reference.

            

    

     

    
      	8.13	
              Language.
                The
                parties agree that this Agreement shall be executed in English, which
                shall be the official language for all questions and interpretations
                hereunder.

            

    

     

    
      	8.14	
              Counterparts.
                This
                Agreement may be executed in counterparts, by manual or facsimile
                signature, each of which shall be deemed to be an original and both
                together shall be deemed to be one and the same agreement.
                

            

    

     

    In
      Witness Whereof,
      the
      parties hereto have caused this Agreement to be duly executed by their
      authorized representative as of the Effective Date.

     

    
      	Phantom
              Entertainment, Inc.	 	Ione
              Technology Inc.
	 	 	 	 	 
	 	 	 	 	 
	By: 	
              /s/
                Greg Koler

            	 	By: 
              	
              /s/
                Jeff Chiang

            
	 	
              Name: 
                Greg
                Koler

            	 	 	
              Name: 
                Jeff
                Chiang

            
	 	
              Title: 
                CEO
                and President

            	 	 	
              Title: 
                Product
                Marketing Director

            
	 	
            	 	 	 
	Date:
              April 17, 2007	 	 	 

    

     

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

     

    Exhibit
      A

    Products
      Covered Under 

    Product
      License Agreement

     

    LICENSED
      PRODUCT MODELS

    

    
      	
              Ione
                Model Number

            	
              Product
                Description

            
	
              Gemini-S9

            	
              Ione
                Brand Combo Lapboard Mouse Set

            
	
              Lynx-S3

            	
              Ione
                Brand Mouse

            
	  
	  

	  
	  

	  
	  

	  
	  

    

    

    

    LICENSED
      PRODUCT REFERENCE IMAGES

    

    logo
      here

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    Exhibit
      B

    Licensed
      Product Brands

     

    
      	
              Brand
                Owner

            	
              Brand
                Name

            	
              Brand
                Identity (Logo)

            
	
              Ione
                Technology, Inc.

            	
              Ione

            	
              logo
                here

            
	  
	  
	  

	  
	  
	  

	  
	  
	  

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Exhibit
      C

    Licensed
      Territories

     

    
      	 	
              ·

            	
              Taiwan

            

    

    
      	 	
              ·

            	
              China

            

    

    
      	 	
              ·

            	
              Hong
                Kong

            

    

    
      	 	
              ·

            	
              Japan

            

    

    
      	 	
              ·

            	
              Korea

            

    

    
      	 	
              ·

            	
              Philippines

            

    

    
      	 	
              ·

            	
              Indonesia

            

    

    
      	 	
              ·

            	
              Viet
                Nam

            

    

    
      	 	
              ·

            	
              Laos

            

    

    
      	 	
              ·

            	
              Cambodia

            

    

    
      	 	
              ·

            	
              Thailand

            

    

    
      	 	
              ·

            	
              Burma

            

    

    
      	 	
              ·

            	
              Malaysia

            

    

    
      	 	
              ·

            	
              Singapore

            

    

    
      	 	
              ·

            	
              India

            

    

    
      	 	
              ·

            	
              Bangladesh

            

    

    
      	 	
              ·

            	
              Sri
                Lanka

            

    

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    Exhibit
      D

    Royalty
      Schedule

     

    
      	
              Royalty
                

              Period

            	
              Product
                Model

              Per
                Exhibit A

            	
              Royalty
                

              Basis

            	
              Licensor
                Royalty

              Per
                Unit 

            	
              Estimated
                Royalty

              Per
                Unit

            
	
              July
                1, 2007

              Through

              Dec
                31, 2007

            	
              Gemini-S9
                

            	
              *

            	
              *

            	
              $*

            
	
              January
                1, 2008

              Through

              End
                of Initial Term

            	
              Gemini-S9

            	
              *

            	
              *
                

            	
              $*

            
	
              Initial
                Term of the Agreement

            	
              Lynx-S3

            	
              *

            	
              $*

            	
              $*

            

    

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    Exhibit
      E

    Product
      Price Restrictions

    

    
      	
              Product
                Model Number

            	
              Product
                Description

            	
              Lowest
                Distributor Price

            
	
              Gemini-S9

            	
              Ione
                Brand Lapboard Mouse Combo Set

            	
              $*
                (US Dollars)

            
	
              Lynx-S3

            	
              Ione
                Brand Mouse

            	
              $*
                (US Dollars)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}]]