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Thursday, January 05, 2017 10:54:44 AM
Concerning the regulation of related party transactions and to avoid competition with the commitment letter
As the Dongguan Yian Technology Corporation (hereinafter "Yi ' an technology") of the actual control and liquid metals limited (Liquidmetal Technology Limited) shareholders, to advance the process of liquid metal-related technology development and cooperation, liquid metals, Ltd plans to invest United States listed company Liquidmetal Technologies,Inc., in order to avoid competition with the Yi ' an technology, specification for related party transactions, Except for the purpose of Yian technology benefits investing Liquidmetal Technologies,Inc., I pledge as follows:
1, and except investment Liquidmetal Technologies,Inc., and integration Liquidmetal Technologies,Inc. of development technology resources and should be Ann technology for strategy cooperation outside, I currently no, and future (as should be Ann technology directly or indirect shareholders, and Director, and prison thing, and senior management personnel during) also not initiative of directly or indirect engaged in or participation any in commercial Shang on should be Ann technology constitute competition of business and the activities.
2, through the liquid metal, the shareholder status, under the provisions of the relevant laws and regulations, liquid metal, Liquidmetal Technologies,Inc. within the existing business engaged in the research and development activities, not of Yian technology creates new competition.
3, I and my associates will put an end to all to use appropriate technology funds, assets, in any case, Yi an tech to invest personally and are not required or control other enterprises, funds used to provide any form of security or economic organizations.
4, and I and the I of associated people will as to avoid and reduced and should be Ann technology of associated trading, on cannot avoid or has reasonable reasons thus occurred of associated trading, will followed market just, and fair, and public of principles, and law signed agreement, and perform legal program, according to should be Ann technology company articles, and about legal regulations, provides perform information disclosure obligations and related approval procedures, guarantee not through associated trading damage should be Ann technology and small shareholders of lawful rights and interests of.
5, Liquidmetal Technologies,Inc. reach under the following conditions, liquid metals limited will be held by Liquidmetal Technologies,Inc. transfer all the shares to Yi ' an technology:
(1) Liquidmetal Technologies,Inc. achieve profitability, and profitability of the business and the main uncertainty eliminated, can produce sustainable benefits.
(2) in accordance with Chinese enterprises foreign investment and regulatory policies that companies were bought outside China.
(3) listed companies meet regulatory (significant) assets acquisition oversight process of underlying assets in the for-profit and legal compliance requirements.
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(No text on this page, on regulating associated transactions and to avoid competition with the commitment letter of commitment signed by page)
The promise:
Li Yangde
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