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AADI Computers Inc. will provide “Ultra Performance Power and Speed” technology to “LTM Venture Inc” for a one time license fee of $994,900 to be paid in Quarter 6, in exchange “LTM Venture Inc.” will provide AADI Computers Inc. with “23 in High Resolution Monitor for Desktops” technology for a fee of $1 in Quarter 6.
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“LTM Venture Inc.” will not re-license any technology provided by AADI Computers Inc in this contract. Therefore “LTM Venture Inc” will be prohibited from offering the “Ultra Performance Power and Speed” to any other company in the industry.
AADI Computers will not re-license any technology provide by “LTM Venture Inc” in this contract.Therefore AADI Computers Inc will be prohibited from offering the “23 in High Resolution Monitor for Desktops” to any other company in the industry.
AADI Compuers and LTM Venture INC. will not enter in any other licensing contracts with other teams for one quarter with AADI’s “Ultra Performance Power and Speed” and LTM Venture Inc.’s “23 inch High resolution Monitor for Desktops”. Once this quarter has ended each team may license these features to other teams as each team deems necessary individually.
In the case of breach of Contract, the Company whom breach the contract will agree to pay the other party damages of $3.5 Million Dollars (USD) in the following Quarter.
