EX-10.15 15 filename15.htm

Exhibit 10.15

 

EXECUTION COPY

 

DISTRIBUTION AGREEMENT

 

This Distribution Agreement (this “Agreement”) is entered into on March 29, 2018 between VTS-Touchsensor Co., Ltd., a company organized under the laws of Japan (“Seller”), and Toppan Printing Co., Ltd., a company organized under the laws of Japan (“Distributor”). Each of Seller and Distributor is referred to as a “Party.” This Agreement is effective March 29, 2018 (the “Effective Date”).

 

RECITALS

 

A.                                    Seller manufactures copper touch panel sensors used in touch panel modules and copper PET film used in touch panel sensors (“Products”) and wishes to sell Products to Distributor and to appoint Distributor as distributor for the Products in the Territory.

 

B.                                    Distributor wishes to purchase Products from the Seller and to serve as distributor for the Products in the Territory.

 

The Parties hereby agree as follows:

 

ARTICLE I.
DEFINITIONS

 

Section 1.1                                   The terms set forth below have the meanings specified or referred to below.

 

Affiliate: Of a Person means any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person. The term “control” of a Person (including the terms “controlled by” and “under common control with”) means the possession, directly or indirectly, of at least 50% of the outstanding voting securities of the Person.

 

Business Day: Any day except Saturday, Sunday or any other day on which commercial banks located in Tokyo, Japan are authorized or required by law to be closed for business.

 

Indemnified Party: As defined in Section 6.2.

 

Losses: As defined in Section 6.2.

 

Person: An individual, corporation, partnership, joint venture, limited liability company, governmental authority, unincorporated organization, trust, association or other entity.

 

Term: As defined in Section 7.1.

 

Territory: Worldwide.

 


 

ARTICLE II.
APPOINTMENT

 

MISSING PAGES IN PDF

 

Section 2.1                                   Expenses. Except as otherwise expressly provided herein, all costs and expenses, including, without limitation, fees and disbursements of counsel, financial advisors and accountants, incurred in connection with this Agreement and the transactions contemplated hereby will be paid by the Party incurring such costs and expenses.

 

Section 2.2                                   Further Assurances. In connection with this Agreement and the transactions contemplated hereby, each Party shall, at the request of the other Party, execute and deliver such additional documents, instruments, conveyances and assurances and take such further actions as may be required to carry out the provisions hereof and give effect to the transactions contemplated hereby.

 

Section 2.3                                   Notices. All notices, requests, consents, claims, demands, waivers and other communications hereunder must be in writing and will be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) on the date sent by email of a PDF document, if sent during the recipient’s normal business hours, and on the next Business Day, if sent after the recipient’s normal business hours, on condition that the communication sent by e-mail is also sent by certified or registered mail, return receipt requested, postage prepaid; or (c) if sent internationally, on the fifth day, and if sent within Japan, on the second day, after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent to the Parties at the following addresses (or at such other address for a Party of which that Party notifies the other Party in accordance with this Section 8.6):

 

If to Distributor:

Toppan Printing Co., Ltd.
Toppan Shibaura Bldg., 3-19-26 Shibaura,
Minato-ku, Tokyo 108-8539
E-mail: makoto.ishikawa@toppan.co.jp
Attention: Makoto Ishikawa

 

 

With a copy to (which will not constitute notice):

southgate (registered association)
Pacific Square Kudan-Minami, 7th Fl
2-4-11 Kudan-Minami
Chiyoda-ku, Tokyo 102-0074
E-mail: emarcks@southgate-law.com
Attention: Eric Marcks

 

 

If to Seller:

VTS-Touchsensor, Co., Ltd.
1101-20, Myohojicho, Higashiomi
Shiga, 527-0046, Japan
Email: JWoerle@via-optronics.com
Attention: Dr. Jasmin Wörle

 

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With a copy to (which will not constitute notice):

Jones Day
Kamiyacho Prime Place
1-17, Toranomon 4-chome
Minato-ku, Tokyo 105-0001, JAPAN
E-mail: mushijima@jonesday.com

 

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IN WITNESS WHEREOF, the Parties execute this Agreement on the date stated in the introductory clause.

 

 

Toppan Printing Co., Ltd.

 

 

 

 

 

By:

/s/ Shigeru Kosami

 

Name:

Shigeru Kosami

 

Title:

Executive Director

 

 

 

VTS-Touchsensor. Co., Ltd.

 

 

 

 

 

 

By:

/s/ Dr. Jasmin Wörle

 

Name:

Dr. Jasmin Wörle

 

Title:

Representative Director

 

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