I missed the key details which were in the last page of the Ann:
Year 1 performance criteria includes requiring Tomita to undertake certification testing of the ClearVue
product for sale within Japan and commencement of a demonstration project(s) being a project using at least
300 square metres of ClearVue PV IGUs to be ordered within 120 days of the date of the Agreement. Year 2
requires minimum orders of 600 sqm of IGU products with each year increasing up to 3000 sqm in year 5;
The term of the License will be 5 years (with 2 further 5-year extensions subject to agreement compliance and
meeting the ongoing performance criteria and paying a licence renewal fee of USD $250,000);
• ClearVue will supply glass IGU’s to Tomita from its licensed OEM manufacturers subject to an agreed pricing
schedule with pricing based on quantities ordered;
• The licence includes a licence to use the ClearVue branding such that products to be sold during the term of
the licence are to bear ClearVue’s Japanese trade marks;
• Protection and ownership of intellectual property (ownership of improvementsto ClearVue core IP to be owned
by ClearVue;
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Ann: Japanese Greenhouse Leader appointed as Distributor, page-6
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