Ainos (AIMD) sets $50,000/month patent fee for two years
Ainos, Inc. entered a Fourth Addendum to its Product Development Agreement with Taiwan Carbon Nano Technology Corporation (TCNT).
Rhea-AI Filing Summary
Ainos, Inc. entered a Fourth Addendum to its Product Development Agreement with Taiwan Carbon Nano Technology Corporation (TCNT). The amendment sets a fee for the exclusive use of patents of $50,000 per month plus 5% sales tax for a two-year period starting October 16, 2025, replacing the prior one-year period starting October 16, 2024.
TCNT controls the company through its majority interest in Ainos KY and direct ownership, with Ainos KY holding majority voting power via voting agreements. The parties may negotiate payment terms and subsequent licensing methods after the two-year period. An English translation of the Fourth Addendum is filed as Exhibit 10.1.
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Insights
Two-year, related-party patent fee set at $50,000/month.
The company amended its agreement with TCNT to pay $50,000 per month plus 5% sales tax for the exclusive use of patents. The term runs for two years beginning October 16, 2025, replacing a previously referenced one-year period starting October 16, 2024.
This is a related-party arrangement: TCNT controls the company via stakes in Ainos KY and direct ownership, with voting agreements conferring majority voting power. That context underscores governance considerations around pricing and approvals.
After the two-year period, the parties may negotiate payment terms and subsequent licensing methods. Details of the amendment are provided in Exhibit 10.1, offering disclosure of the operative terms.
8-K Event Classification
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