Item 1.02 Termination of a Material Definitive Agreement.
On March 30, 2020, EOS Inc. (the "Company") and Ultra Velocity Technology Ltd.
("Ultra Velocity"), a Taiwanese company, signed a termination notice (the
"Termination Notice") to terminate the exclusive patent licensing and
distribution agreement (the "Exclusive Patent Licensing and Distribution
Agreement") dated November 25, 2019 by and between the Company and Ultra
Velocity. The Exclusive Patent Licensing and Distribution Agreement granted the
Company an exclusive license to the patent (Patent M566970 registered in Taiwan)
to Ultra Velocity's electrical noise suppressing device (the "Calibrator") and
the exclusive right to market, promote, distribute and sell the Calibrator
globally.
Pursuant to the Termination Notice, each of Ultra Velocity and the Company shall
return to the disclosing party any and all of confidential information furnished
by such disclosing party in connection with the Exclusive Patent Licensing and
Distribution Agreement and such Distribution Agreement was terminated on March
24, 2020.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The exhibits listed in the following Exhibit Index are filed as part of this
Current Report on Form 8-K.
Exhibit No. Description
10.1 The Termination Notice Effective on March 24, 2020
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