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EX-10.95 - BASF LICENSE AGREEMENT - ABVC BIOPHARMA, INC.basfagreement.htm

 
 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

November 29, 2011

ECOLOGY COATINGS, INC.
(Exact name of registrant as specified in its charter)

Nevada
333-91436
26-0014658
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(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

24663 Mound Road
Warren, MI  48091
___________________________________________________

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code:

586-486-5308

(Former Name or Former Address, if Changed Since Last Report.)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 Entry Into A Material Definitive Agreement

On November 23, 2011, we entered into License Agreement with BASF Coatings GmbH (“BASF”) which grants a non-exclusive license to BASF to use four of our patents – EP 1 723 180, US 7,323,248, US 7,153,892 and US 7,498,362.  BASF will pay us a royalty of .5% of the net sales value of products sold in Europe and a royalty of 2.5% of the net sales value of products sold outside of Europe using EP 1 723 180.  BASF will pay us a royalty of 2.5%s of the net sales value of products sold outside of Europe using US patents 7,323,248, 7,153,892 and 7,498,362.  The agreement will terminate upon the expiration of last patent licensed by BASF.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

Exhibit Number
Description
10.95
License Agreement with BASF GmbH


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ECOLOGY COATINGS, INC.

DATE:  November 29, 2011                                                 By:/s/ Daniel V. Iannotti
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Daniel V. Iannotti
Vice President, General Counsel and
Secretary