Designation Addendum

EX-10.2 2 exhibit10-2.htm DESIGNATION ADDENDUM Filed by Automated Filing Services Inc. (604) 609-0244 - Ikona Gear International, Inc. - Exhibit 10.2

 

 

 

 

 


 

 

 
EXHIBIT 1.0


SCHEDULE B

DESIGNATED MAGNA APPLICATION
DESIGNATION ADDENDUM

This Designation Addendum forms a part of the License Agreement between Magna Drivetrain AG & Co KG, Ikona Gear USA, Inc. and Ikona Gear International, Inc. dated December 22, 2005 (the “License Agreement”).

Pursuant to the terms and conditions of the License Agreement, the parties hereby designate the following application or module a “Designated Magna Application”, within the meaning set out in the License Agreement, on an exclusive basis.

[Park Brake Actuators]

This Designation Addendum is agreed to between the parties as of the 23rd day of August, 2006.

Licensor hereby certifies that all of the representations and warranties in Article 9 of the License Agreement are true and correct on the date hereof as if made on and as of the date hereof, except as Licensor has otherwise informed the Corporation in writing.

MAGNA Drivetrain AG & Co KG IKONA GEAR USA, INC.
by its authorized signatories: by its authorized signatories:
By: /s/ DR. PETER RIEF                                 By: /s/ LAITH NOSH                                    
Name: Dr. Peter Rief Name: Laith Nosh
Title: EVP & CTO Title: President & CEO
By: /s/ ANDREAS WINKLER                       By: /s/ RAYMOND POLMAN                     
Name: Andreas Winkler Name: Raymond Polman
Title: VP Finance Title: Chief Financial Officer
   
IKONA GEAR INTERNATIONAL, INC.  
by its authorized signatories:  
By: /s/ LAITH NOSH                                      
Name: Laith Nosh  
Title: President & CEO  
By: /s/ RAYMOND POLMAN                       
Name: Raymond Polman  
Title: Chief Financial Officer