UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
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CURRENT REPORT
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Item 1.01. Entry into a Material Definitive Agreement.
On August 1, 2021, Ainos, Inc. ( the “Company”) entered into a five-year Product Development Agreement (the “Original Agreement”) with Taiwan Carbon Nano Technology Corporation (“TCNT”), an affiliate company. Pursuant to the Original Agreement, the parties will co-develop pharmaceutical, medical device and other products defined in the agreement.
On January 9, 2024, the Company and TCNT entered into an addendum to the Product Development Agreement (“Addendum Agreement”) in connection with the scope of co-development and certain terms. For products defined in the Addendum agreement, TCNT will provide facilities, equipment, mass production process technology, ISO9001 and ISO13485 related management, as well as mass production support. The procurement of parts and raw materials, rental fees, and utility expenses are excluded. The Company will pay a total fee of NT$5 million (approximately USD$161,000) for five-years of development commencing from 2024.
For six months commencing from January 2024, TCNT will provide non-exclusive use of certain patents related to VOC and POCT technologies for a monthly fee of US$95,000 (plus 5% sales tax), with negotiable payment terms. The parties can discuss subsequent use of the patents at later dates.
The Company’s audit committee ratified the Original Agreement and approved the Addendum Agreement on January 8, 2024.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number |
| Exhibits |
| English Translation of Product Development Agreement, dated on August 1, 2021 | |
| English Translation of Addendum to the Product Development Agreement, dated on January 9, 2024 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Ainos, Inc. | ||
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Date: January 12, 2024 | By: | /s/ Chun-Hsien Tsai |
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| Name: Chun-Hsien Tsai |
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| Title: Chief Executive Officer |
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