Liquidmetal Technologies Inc (LQMT)

[JoTu]

such as an insider buying 46% of the company?

lugee could have made the pla without a share purchase if he just wanted to get his hands on patents.

lugee could have saved $65 million and kept majority ownership of eon if he just wanted patents.

so why did lugee want 46% of lqmt?

why did lugee make the pla conditional on the passing of the purchase agreement?

why was lugee willing to cancel the pla if he could not get his 46% ownership of lqmt even though getting it was at great cost to himself and the lose of majority in his company eon.

if lugee could not get %46 of lqmt then he wasn’t interested in its patents so that tells you something.

the pla below does not mention the share purchase agreement until condition/term 29.

Exhibit 10.2
PARALLEL LICENSE AGREEMENT
This Parallel License Agreement (“Agreement”) is entered into as of March 10, 2016 (the “Effective Date”), by and between DongGuan Eontec Co., Ltd., a corporation organized under the laws of the People’s Republic of China having an address of Yin Quan Industrial District, Qing Xi, DongGuan, China (“Eontec”), and Liquidmetal Technologies, Inc., a corporation organized under the laws of the State of Delaware, having an address of 30452 Esperanza, Rancho Santa Margarita, California 92688 (“LMT”). Either Eontec or LMT may be referred to individually herein as a “party”, and Eontec and LMT may be referred to collectively herein as the “Parties”.

purchase agreement is 29th on list of conditions/terms but is the primary reason for termination by eon

1.29. “Purchase Agreement” means that certain Securities Purchase Agreement, dated as of the Effective Date, between LMT and Liquidmetal Technology Limited, a Hong Kong corporation.

ARTICLE 7 TERM
7.1. Term. The term of this Agreement commences on the Effective Date and shall continue in perpetuity unless the Parties mutually agree to terminate the Agreement or unless terminated earlier as set forth below.
7.2. Termination by Eontec. Eontec may terminate this Agreement upon written notice to LMT upon any of the following events:
(a) In the event LMT fails to increase the authorized shares of common stock to 1,100,000,000 by May 31, 2016; or
(b) LMT commits a material breach of this Agreement, the Purchase Agreement, or any other agreement to which Eontec (or its Affiliates) and LMT (or its Affiliates) are a party and fails to cure said breach within fifteen (15) Business Days of delivery of written notice of breach by Eontec to LMT.