Replies to post #8881 on Zevotek, Inc. (ZVTK)

[moneymaker08]

Excerpt from Eagle's post:

On May 22, 2007, we entered into that certain License and Supply Agreement (the "Original Agreement") with Jason Ryu pursuant to which Mr. Ryu granted us an exclusive, commercial license to market, distribute, sell and manufacture the Ionic Bulb Product and the patents underlying the Ionic Bulb Product set forth under the term "Ionic Bulb Patents" on Exhibit A to the Agreement (the "Ionic Bulb Patents") which Original Agreement currently continues on a non-exclusive basis.

We entered into this Agreement to, amongst other things, reclaim the license for the Ionic Bulb Products on an exclusive basis.

Under the Agreement, Mr. Ryu granted us a worldwide exclusive license (the "License") to manufacture, have manufactured, market, use, sell distribute and advertise the Licensed Products (as defined in the Agreement) which includes the Ionic Bulb products.