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 anexclusivebasis.
[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 |