License Agreement for Know-How on Patent IT, No. 0001427413 Location: Milan; Date: ….; Jurisdiction: Milan (Italy); unless otherwise specified, reference is made to the prevailing jurisprudence on intellectual property and according to treaties in force between the parties’ countries (under the Paris Convention).

Between:
Lavanga Vito, based in Milan, Italy, referred to as the “Licensor” (of the one part);
and “MBGC JWTeam” (to be established as Srls), represented by Battezzati Stefano, referred to as the “Licensee” (of the other part);

Whereas:
This agreement shall be ratified upon the formal establishment of MBGC JWTeam;
The Licensor possesses technical, commercial, and application-specific know-how relevant to Patent IT, No. 0001427413, which is of interest to the Licensee;

The following terms are agreed and stipulated:

Article 1 – Scope of the License
The Licensor authorizes the Licensee to produce and sell products using the know-how and patent, provided in both written and verbal form, either in person or electronically.

Article 2 – License Conditions
The license is non-transferable to third parties, except with the prior consent of the Licensor.
The annual fee shall be included in the economic balance sheet (B.7, pursuant to Article 2425 of the Italian Civil Code, which qualifies for the Patent Box incentive with reduced IRES/IRAP in Italy).