Document:

FIRST
AMENDMENT 

TO
THE 

FLT
(FINE LINE TECHNOLOGY) PATENT LICENSE AGREEMENT

 

This
First Amendment to the FLT (Fine Line Technology) Patent License Agreement (“Amendment”) is made this day, December
21, 2016 by and between Uni-Pixel Displays, Inc., a Texas corporation, including Affiliates, having a place of business at 8708
Technology Forest Place, Suite 100, The Woodlands, TX 77381, U.S.A. (hereinafter collectively referred to as “Licensee”)
and CIT Technology Ltd, a Company registered in England, including Affiliates, having a place of business at Springstone House,
27 Dewsbury Road, Ossett, West Yorkshire, England (hereinafter collectively referred to as “Licensor”). Capitalized
terms used in this Amendment but not defined herein have the meanings ascribed to them in the Agreement (as defined below).

 

BACKGROUND

 

	 	A.	The
    Parties entered into that certain FLT (Fine Line Technology) Patent License Agreement with an Effective Date of April 16,
    2015 (the “Agreement”).
	 	 	 
	 	B.	Based
    on mutual agreement, the Parties desire to amend the following sections of the Agreement by as described herein.

 

AGREEMENT

 

	A.	AMENDMENTS
    TO THE AGREEMENT

 

	 	1)	Section
    1.7 of the Agreement is deleted in its entirety and replaced with the following new Section 1.7:

 

“Sales
Price” means (a) gross revenues of Licensee recognized from the sale, use or other disposition, but not to sublicensees,
of a Licensed FLT Product by Licensee (including Affiliates) or (b) the amount used by Licensee under its agreement with the relevant
sublicensee to calculate the royalty payable to Licensee by the relevant sublicensee in respect of Licensed FLT Products manufactured
by the sublicensee (the “Sublicense Price”), provided always that the Sublicense Price shall be a bona fides amount
reflecting an arm’s length transaction between a willing licensor and a willing licensee. Licensee shall, with each Annual
Royalty payment, deliver to Licensor reasonable supporting evidence justifying the Sublicense Price used for the purposes of calculating
the Sales Price. Where Licensor is not satisfied that such supporting evidence is sufficient to show that the Sublicense Price
meets the above requirement set out in this section 1.7, Licensor and Licensee shall meet and review the data used for determining
the Sublicense Price and come to a mutually agreeable resolution.

 

    	 	 	 

    	 

    

 

	 	2)	Section
    1.10 of the Agreement is deleted in its entirety and replaced with the following new Section 1.10:

 

“XSense
Intellectual Property License Agreement” means that certain XSense Intellectual Property License Agreement entered into
between Atmel Corporation and Licensee as of the date hereof.

 

	 	3)	Section
    1.11 of the Agreement is deleted in its entirety and replaced with the following new Section 1.11:

 

“XSense
Patent License Agreement” means that certain XSense Patent License Agreement entered into between Atmel Corporation and
Licensee as of the date hereof.

 

	 	4)	Section
    2.1 of the Agreement is deleted in its entirety and replaced with the following new Section 2.1:

 

Grant.
Subject to the terms and conditions of this Agreement, including the delivery and application of the Non-Refundable Prepayment,
Licensor hereby grants to Licensee an exclusive, sublicensable, worldwide, royalty-bearing license under the Licensed FLT Patents,
to make or have made, use, offer for sale, sell, and import Licensed FLT Products. Notwithstanding the foregoing, the exclusivity
provided for in the prior sentence as to the Licensed FLT Patents is subject to such license by Licensor to CPI Innovation Services
Limited for the license of the same Licensed FLT Patents for use with non-touch screens, which rights of the licensee pursuant
to such license shall continue and remain in full force and effect during the term of such license.

 

	 	5)	Section
    2.3 of the Agreement is deleted in its entirety and replaced with the following new Section 2.3:

 

Subject
to the right to sublicense granted in Section 2.1, the license of Section 2.1 above is non-assignable and non-transferrable, except
as permitted under Section 6.3 below and subject to Section 2.7 below.

 

    	 	 -2
                                                                                                                                                                                                                                                                 -	 

    	 

    

 

	 	6)	Section
    2.7 of the Agreement is deleted in its entirety and replaced with the following new Section 2.7:

 

If
this Agreement is terminated for any reason, then for so long as any sublicense agreement remains in effect, such sublicense provided
by such sublicense agreement will survive and remain in full force and effect, and from and after the effective date of such termination
with respect to Licensee, the sublicensee party to such sublicense agreement will be deemed to have the rights of Licensee under
this Agreement on a non-exclusive, non-sublicensable basis, and will become responsible for complying with the terms and conditions
of this Agreement pertaining to financial terms with regard to the Net Sales by such sublicensee, confidentiality, recordkeeping
and auditing.

 

	 	7)	Section
    3.5 of the Agreement is amended to replace the word “Uni-Pixel” with the word “Licensee.” No other
    changes shall be made to such Section 3.5.

 

	B.	 	ORDER
    OF PRECEDENCE
	 	 	
	 	1)
    	This
    Amendment will be governed by all the terms and conditions of the Agreement. In cases of a conflict between the language in
    this Amendment and the Agreement, this Amendment will prevail.
	 	 	 
	 	2)	This
    Amendment sets forth the entire agreement and understanding between the Parties with respect to the subject matter hereof
    and supersedes all prior and contemporaneous communications, both written and oral with respect to the subject matter. Except
    as expressly set forth in this Amendment, the Agreement and each and every provision thereof, will remain in full force and
    effect

 

    	 	 - 3
                                                                                                                                                                                                                                                                 -	 

    	 

    

 

IN
WITNESS WHEREOF, the Parties hereto have caused this Amendment to be executed by their duly authorized officers or representatives.

 

	CIT
    Technology	 	Uni-Pixel
    Displays, Inc.
	 	 	 
	/s/
    Chris Malley	 	/s/
    Christine Russell
	 	 	 
	Chris
    Malley	 	Christine
    Russell
	Printed
    Name	 	Printed
    Name
	 	 	 
	Director	 	Secretary
    and CFO
	Title	 	Title
	 	 	 
	December
    21, 2016	 	December
    21, 2016
	Date	 	DateFIRST
AMENDMENT 

TO
THE 

FLT
(FINE LINE TECHNOLOGY) INTELLECTUAL PROPERTY LICENSE AGREEMENT

 

This
First Amendment to the FLT (Fine Line Technology) Intellectual Property License Agreement (“Amendment”) is made this
day, December 21, 2016 by and between Uni-Pixel Displays, Inc., a Texas corporation, including Affiliates, having a place of business
at 8708 Technology Forest Place, Suite 100, The Woodlands, TX 77381, U.S.A. (hereinafter collectively referred to as “Licensee”)
and CIT Technology Ltd, a Company registered in England, including Affiliates, having a place of business at Springstone House,
27 Dewsbury Road, Ossett, West Yorkshire, England (hereinafter collectively referred to as “Licensor”). Capitalized
terms used in this Amendment but not defined herein have the meanings ascribed to them in the Agreement (as defined below).

 

BACKGROUND

 

	 	A.	The
    Parties entered into that certain FLT (Fine Line Technology) Intellectual Property License Agreement with an Effective Date
    of April 16, 2015 (the “Agreement”).
	 	 	 
	 	B.	Based
    on mutual agreement, the Parties desire to amend the following sections of the Agreement by as described herein.

 

AGREEMENT

 

	A.	AMENDMENTS
    TO THE AGREEMENT

 

	 	1)	Section
    1.9 of the Agreement is deleted in its entirety and replaced with the following new Section 1.9:

 

“XSense
Intellectual Property License Agreement” means that certain XSense Intellectual Property License Agreement entered into
between Atmel Corporation and Licensee as of the date hereof.

 

	 	2)	Section
    1.10 of the Agreement is deleted in its entirety and replaced with the following new Section 1.10:

 

“XSense
Patent License Agreement” means that certain XSense Patent License Agreement entered into between Atmel Corporation and
Licensee as of the date hereof.

 

    	 	 	 

    	 

    

 

	 	3)	Section
    2.1 of the Agreement is deleted in its entirety and replaced with the following new Section 2.1:

 

Grant.
Subject to the terms and conditions of this Agreement, Licensor hereby grants to Licensee an exclusive, sublicensable, worldwide,
royalty-free license under the Licensed FLT IP, to make or have made, use, offer for sale, sell, and import Licensed FLT Products.
Notwithstanding the foregoing, the exclusivity provided for in the prior sentence as to the Licensed FLT IP is subject to such
license by Licensor to CPI Innovation Services Limited for the license of the same Licensed FLT IP for use with non-touch screens,
which rights of the licensee pursuant to such license shall continue and remain in full force and effect during the term of such
license.

 

	 	4)	Section
    2.3 of the Agreement is deleted in its entirety and replaced with the following new Section 2.3:

 

Subject
to the right to sublicense granted in Section 2.1, the license of Section 2.1 above is non-assignable and non-transferrable, except
as permitted under Section 6.3 below and subject to Section 2.7 below.

 

	 	5)	Section
    2.7 of the Agreement is deleted in its entirety and replaced with the following new Section 2.7:

 

If
this Agreement is terminated for any reason, then for so long as any sublicense agreement remains in effect, such sublicense provided
by such sublicense agreement will survive and remain in full force and effect, and from and after the effective date of such termination
with respect to Licensee, the sublicensee party to such sublicense agreement will be deemed to have the rights of Licensee under
this Agreement on a non-exclusive, non-sublicensable basis, and will become responsible for complying with the terms and conditions
of this Agreement pertaining to confidentiality, recordkeeping and auditing.

 

	 	6)	Section
    4.2 of the Agreement is amended to replace the word “UniPixel” with the word “Licensee.” No other
    changes shall be made to such Section 4.2.

 

	B.	ORDER
    OF PRECEDENCE

 

	 	1)
    	This
    Amendment will be governed by all the terms and conditions of the Agreement. In cases of a conflict between the language in
    this Amendment and the Agreement, this Amendment will prevail.
	 	 	 
	 	2)	This
    Amendment sets forth the entire agreement and understanding between the Parties with respect to the subject matter hereof
    and supersedes all prior and contemporaneous communications, both written and oral with respect to the subject matter. Except
    as expressly set forth in this Amendment, the Agreement and each and every provision thereof, will remain in full force and
    effect.

 

    	 	 2	 

    	 

    

 

IN
WITNESS WHEREOF, the Parties hereto have caused this Amendment to be executed by their duly authorized officers or representatives.

 

	CIT
    Technology	 	Uni-Pixel
    Displays, Inc.
	 	 	 
	/s/
    Chris Malley	 	/s/
    Christine Russell
	 	 	 
	Chris
    Malley	 	Christine
    Russell
	Printed
    Name	 	Printed
    Name
	 	 	 
	Director	 	Secretary
    and CFO
	Title	 	Title
	 	 	 
	December
    21, 2016	 	December
    21, 2016
	Date	 	Date

 

    	 	 3

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