<SEC-DOCUMENT>0001387131-17-003519.txt : 20170629
<SEC-HEADER>0001387131-17-003519.hdr.sgml : 20170629
<ACCEPTANCE-DATETIME>20170629160710
ACCESSION NUMBER:		0001387131-17-003519
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20170626
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170629
DATE AS OF CHANGE:		20170629

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NANOPHASE TECHNOLOGIES Corp
		CENTRAL INDEX KEY:			0000883107
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS PRIMARY METAL PRODUCTS [3390]
		IRS NUMBER:				363687863
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22333
		FILM NUMBER:		17938378

	BUSINESS ADDRESS:	
		STREET 1:		1319 MARQUETTE DRIVE
		CITY:			ROMEOVILLE
		STATE:			IL
		ZIP:			60446
		BUSINESS PHONE:		6303231200

	MAIL ADDRESS:	
		STREET 1:		1319 MARQUETTE DRIVE
		CITY:			ROMEOVILLE
		STATE:			IL
		ZIP:			60446

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NANOPHASE TECHNOLOGIES CORPORATION
		DATE OF NAME CHANGE:	19970305
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>nanx-8k_062917.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K<BR>
CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Section 13 or 15(d) of the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
June 29, 2017 (June 26, 2017)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NANOPHASE TECHNOLOGIES CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <TD STYLE="width: 33%; text-align: center; vertical-align: bottom"><B> Delaware</B></TD>
    <TD STYLE="width: 34%; text-align: center; vertical-align: bottom"><B>0-22333</B></TD>
    <TD STYLE="width: 33%; text-align: center; vertical-align: bottom"><B>36-3687863</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center; vertical-align: bottom"> (State or other</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;(Commission </TD>
    <TD STYLE="text-align: center; vertical-align: bottom">(IRS Employer</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center; vertical-align: bottom"> jurisdiction of </TD>
    <TD STYLE="text-align: center; vertical-align: bottom">File Number)</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">Identification No.)</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center; vertical-align: bottom">incorporation)</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1319 Marquette Drive, Romeoville, Illinois
60446</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)
(Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code: <B>(630) 771-6700</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Not applicable</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (<I>see </I>General Instruction A.2. below):</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01. Entry into a Material Definitive Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white"><FONT STYLE="background-color: white">On
June 26, 2017, Nanophase Technologies Corporation (the &ldquo;Company&rdquo;) executed the following agreements with Eminess Technologies,
Inc. (&ldquo;Eminess&rdquo;): </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="background-color: white">Know-How License Agreement, effective as of June 23, 2017 (the &ldquo;License Agreement&rdquo;);</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="background-color: white">Exclusive Supply Agreement, effective as of June 23, 2017 (the &ldquo;Supply Agreement&rdquo;);
and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="background-color: white">Technology Development Agreement, effective as of June 27, 2016 (the &ldquo;Development
Agreement&rdquo;, and collectively with the License Agreement and the Supply Agreement, the &ldquo;Agreements&rdquo;). </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="background-color: white"><U>License
Agreement</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white"><FONT STYLE="background-color: white">Pursuant
to the License Agreement, the Company has granted Eminess an exclusive, perpetual, assignable and irrevocable license, with the
right to sublicense, to use the necessary know-how with respect to certain of the Company&rsquo;s polishing slurries (the &ldquo;License
Agreement Products&rdquo;) in the specified polishing field (the &ldquo;Product Know-How&rdquo;) to make, have made, formulate,
use, offer for sale, sell, have sold and import such License Agreement Products in the specified polishing field anywhere in the
world. The Company, however, remains the owner of all right, title and interest in and to the Product Know-How, subject to the
rights granted under the License Agreement. The License Agreement imposes confidentiality obligations on Eminess with respect to
the Product Know-How, but Eminess is permitted to disclose the Product Know-How relating to the manufacture of the License Agreement
Products, under terms of confidentiality, to third parties manufacturing the License Agreement Products on behalf of Eminess. The
Company and Eminess have agreed that any improvements, developments or modifications made, developed or invented solely by Eminess
or its sublicensees or manufacturers related to the Product Know-How will be owned exclusively by Eminess.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white"><FONT STYLE="background-color: white">In
consideration of the license, Eminess has agreed to pay the Company an annual royalty, calculated as a percentage of the gross
sales of all License Agreement Products by Eminess, less the amount of any customer returns or credits and adjusted for certain
manufacturing costs incurred by Eminess. The License Agreement does not impose any obligation on Eminess to sell any License Agreement
Products.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white"><FONT STYLE="background-color: white">The
term of the License Agreement continues until terminated or cancelled. The Company may cancel the License Agreement if (1) a petition
in bankruptcy is filed or Eminess is adjudged bankrupt; (2) Eminess takes advantage of any insolvency act or debtor&rsquo;s relief
act; (3) Eminess makes an assignment for the benefit of its creditors; or (4) the business or assets of Eminess, or any substantial
portion thereof, are seized, nationalized, confiscated or expropriated. After termination or cancellation of the License Agreement,
all licenses granted to Eminess will terminate. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="background-color: white"><U>Supply
Agreement</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white"><FONT STYLE="background-color: white">Under
the Supply Agreement, the Company has agreed to supply to Eminess, and Eminess has agreed to purchase from the Company, 100% of
Eminess&rsquo; requirements of certain Ceria and Alumina nanoparticles (the &ldquo;Supply Agreement Products&rdquo;). The Company
has also agreed that, for a period of 10 years, it will not, and will cause its affiliates and designees not to, directly or indirectly,
use or market, promote or sell any of the Supply Agreement Products to any person for use in polishing applications of the Supply
Agreement Products, but the Company is permitted to use the Supply Agreement Products for surface preparation or modification of
its own materials as may be required to facilitate placement of the Supply Agreement Products in connection with other applications.
The Supply Agreement sets forth the minimum amount of Supply Agreement Products that Eminess is required to purchase from the Company
annually, measured each calendar quarter on a rolling 12-month basis.</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white"><FONT STYLE="background-color: white">In
connection with the purchase and supply of the Supply Agreement Products, Eminess also purchased certain equipment from the Company
for a purchase price of $36,000. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">The term of the
Supply Agreement will expire on June 23, 2027 (the &ldquo;Expiration Date&rdquo;). The Supply Agreement may be extended beyond
the Expiration Date by mutual agreement of the parties. If the parties do not agree to an extension, either party may elect to
terminate the Supply Agreement on the Expiration Date, with at least 180 days&rsquo; prior notice to the other party. The Supply
Agreement may also be terminated prior to the Expiration Date by either party (1) immediately upon certain events of bankruptcy
or insolvency, or an assignment for the benefit of creditors, or similar events, occurring with respect to the other party; (2)
immediately in the event of the dissolution, liquidation or winding up of the other party; or (3) upon a material breach or default
in the performance of the other party&rsquo;s obligations under the Supply Agreement, which breach or default is not cured within
60 days after receipt of written notification of such breach or default. If Eminess terminates the Supply Agreement based on any
of the events set forth in (1), (2) or (3) above, upon such termination, the Company has agreed to grant Eminess an irrevocable
option to obtain from the Company an exclusive, assignable, irrevocable license, with the right to sublicense, to all know-how,
formulations and technology necessary to make, have made, use, offer for sale, sell, have sold and import the Supply Agreement
Products for polishing applications specified in the Supply Agreement anywhere in the world, and Eminess has agreed to pay the
Company a one-time royalty of $10,000 for such license. If granted, this license will expire on the Expiration Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><U>Development Agreement</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">The objective of
the parties under the Development Agreement is to develop effective chemical formulations along with physical processes that enable
the dispersion of particles into stable liquid formulations suitable for use in polishing applications (the &ldquo;Technology&rdquo;).
To achieve that objective, the Company has agreed to investigate certain particle stabilization systems that impact stability,
perform types of experiments generally described in the Development Agreement and provide technical data and written information
on the research findings to Eminess, and Eminess has agreed to pay the Company a research and development fee of $250,000. The
Company has agreed to transfer the Technology to Eminess in accordance with the process and procedure outlined in the Development
Agreement. Eminess and the Company will jointly own all Technology developed under the Development Agreement. Neither party will
acquire any rights under any intellectual property owned or created by the other party prior to the effective date of the Development
Agreement or after that date through efforts independent of the activities covered by the Development Agreement (the &ldquo;Background
IP&rdquo;). To the extent that any of the Company&rsquo;s Background IP is incorporated into the Technology, the Company has granted
Eminess a nonexclusive, royalty-free, perpetual license to such Background IP solely in connection with the Technology. Each party
has also agreed to keep confidential information and data relating to, among other things, the other party&rsquo;s business, intellectual
property and the Technology.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">The foregoing descriptions
of the Agreements do not purport to be complete and are qualified in their entirety by reference to the text of the License Agreement,
which is filed, with confidential portions redacted, as Exhibit 10.1 hereto and is incorporated herein by reference, the text of
the Supply Agreement, which is filed, with confidential portions redacted, as Exhibit 10.2 hereto and is incorporated herein by
reference, and the text of the Development Agreement, which is filed as Exhibit 10.3 hereto and is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 8.01. Other Events.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">On
June 29, 2017, the Company issued a press release announcing that it had executed the Agreements with Eminess. A copy of the press
release is attached hereto as Exhibit 99.1 and the information set forth therein is incorporated herein by reference and constitutes
a part of this report.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and
Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following items are filed as exhibits
to this Current Report on Form 8-K:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 95%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 0.5in">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt"><U>Exhibit No.</U></FONT></TD>
    <TD STYLE="width: 92%; padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt"><U>Exhibit</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">10.1*</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">Know-How License Agreement, executed by the Company on June 26, 2017, by and between the Company and Eminess Technologies, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">10.2*</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">Exclusive Supply Agreement, executed by the Company on June 26, 2017, by and between the Company and Eminess Technologies, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">10.3</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">Technology Development Agreement, executed by the Company on June 26, 2017, by and between the Company and Eminess Technologies, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">Press Release, dated June 29, 2017</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"></TD><TD></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.0in; text-indent: .5in">*Confidential treatment has
been requested with respect to certain portions of this exhibit. Omitted portions have been filed separately with the Securities
and Exchange Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated: June 29, 2017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 6pt"></P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"><B></B>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in">NANOPHASE TECHNOLOGIES CORPORATION</P>

<B></B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 6%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 44%">/s/ Frank Cesario </TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD><P STYLE="margin-top: 0; margin-bottom: 0">Name:</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">Title:</P></TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid">Frank Cesario <BR>Chief Financial Officer</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>


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<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>EXHIBIT INDEX</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 95%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 0.5in">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt"><U>Exhibit No.</U></FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt"><U>Exhibit</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">10.1*</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt"><A HREF="ex10-1.htm">Know-How License Agreement, executed by the Company on June 26, 2017, by and between the Company and Eminess Technologies, Inc.</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">10.2*</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt"><A HREF="ex10-2.htm">Exclusive Supply Agreement, executed by the Company on June 26, 2017, by and between the Company and Eminess Technologies, Inc.</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">10.3</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt"><A HREF="ex10-3.htm">Technology Development Agreement, executed by the Company on June 26, 2017, by and between the Company and Eminess Technologies, Inc.</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt"><A HREF="ex99-1.htm">Press Release, dated June 29, 2017</A></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">* Confidential treatment has
been requested with respect to certain portions of this exhibit. Omitted portions have been filed separately with the Securities
and Exchange Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
<DESCRIPTION>KNOW-HOW LICENSE AGREEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-weight: normal"><A HREF="nanx-8k_062917.htm">Nanophase Technologies Corporation 8-K</A></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Exhibit 10.1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Portions of this Exhibit have been redacted pursuant to a request
for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934. Omitted
information, marked &#8220;[*]&#8221; in this Exhibit, has been filed separately with the Securities and Exchange Commission together
with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center">KNOW-HOW LICENSE AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">This Know-How License
Agreement (this <B><I>&#8220;Agreement&#8221;</I></B>) is made and effective this 23<SUP>rd</SUP> day of June, 2017, by and between
Nanophase Technologies Corp., a Delaware corporation (<B><I>&#8220;Licensor&#8221;</I></B>) and Eminess Technologies, Inc., an
Arizona corporation (<B><I>&#8220;Licensee&#8221;</I></B>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, Licensor
owns and/or has rights under technology to make or have made Licensor&#8217;s series [*] and [*] polishing slurries as further
described on <B>Exhibit A</B> attached hereto (the &#8220;<B><I>Products</I></B>&#8221;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, Licensor
desires to strategically focus its business operations to development areas outside of the Polishing Field (as defined below);
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, Licensor
desires to grant Licensee an exclusive license
to use the Product Know-How (as defined below) for use in the Polishing Field in connection with the manufacture, marketing and
sale of the Products in the Polishing Field.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
the parties hereto, intending to be legally bound hereby, for good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, hereby agree as follows:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-transform: uppercase; text-align: center; text-indent: 0in"><U>ARTICLE
1.</U> &nbsp;DEFINITIONS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">For purposes of this
Agreement, the following terms shall have the meanings specified or referred to in this <U>Article 1</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><B><I>&#8220;Improvements&#8221;</I></B>
&#8211; means novel compositions, processes or methods which rely on or include the Products that have been or will be developed
or invented in connection with Licensee&#8217;s use of the Product Know-How during the Term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><B><I>&#8220;Licensee Improvements&#8221;</I></B>
&#8211; shall have the meaning ascribed to it in <U>Section 4.1</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&#8220;<B><I>Polishing Field</I></B>&#8221;
&#8211; means polishing applications of the Products in which the object of polishing is to modify the material to be polished
(the workpiece) to meet desired surface attributes. The mechanisms of polishing involve four components: the workpiece, fluid,
abrasive, and pad or lap. The workpiece can vary in bulk composition and application (optical glass, semiconductor substrate or
device layer, protective coating, etc.). The fluid is the liquid phase of the polishing slurry formulation and is characterized
by its chemical composition and physical properties. The function of the abrasive is to mechanically remove material from the surface
of the workpiece. Material removal is accomplished at the workpiece surface and pad/lap interface through either mechanical or
a combination of chemical and mechanical action. Finally, the pad/lap is used to impose relative motion between the abrasives and
the workpiece to facilitate material removal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><B><I>&#8220;Product Know-How&#8221;</I></B>
&#8211; means all know-how necessary to make, have made, use, develop, produce, market, distribute, offer for sale, sell, have
sold, and import the Products in the Polishing Field, including, but not limited to, formulation know-how.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><B><I>&#8220;Products&#8221; </I></B>&#8211;
Licensor&#8217;s series [*] and [*] polishing slurries as further described on <B>Exhibit A</B> attached hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><B><I>&#8220;Term&#8221;</I></B> &#8211;
shall have the meaning ascribed to it in <U>Section 5.1</U>.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Portions of this Exhibit have been redacted pursuant to a request
for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934. Omitted
information, marked &#8220;[*]&#8221; in this Exhibit, has been filed separately with the Securities and Exchange Commission together
with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-transform: uppercase; text-align: center; text-indent: 0in"><U>ARTICLE
2.</U> &nbsp;LICENSED KNOW-HOW RIGHTS; ROYALTIES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Subject to the terms
and conditions of this Agreement, Licensor hereby grants to Licensee, and Licensee hereby accepts from Licensor, an exclusive,
perpetual, assignable, irrevocable (except as provided in Article 5) license, with the right to sublicense, to use the Product
Know-How in the Polishing Field to make, have made, use, offer for sale, sell, have sold, and import Products in the Polishing
Field anywhere in the world.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in; ">2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Licensee
acknowledges and agrees that Licensor is, and shall remain the owner of all right, title, and interest in and to the Product
Know-How, subject to the rights specifically granted
to Licensee in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Notwithstanding the
terms provided in <U>Section 6.5</U> regarding the confidentiality obligations relating to Product Know-How, Licensee shall be
permitted to disclose, under terms of confidentiality at least as strict as those set forth in <U>Section 6.5</U>, the Product
Know-How relating to the manufacture of the Products to third party manufacturers solely for the purpose of enabling such third
party manufacturers to manufacture Products on behalf of Licensee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">In consideration for
the license granted by Licensor to Licensee as set forth in this Agreement, Licensee shall pay to Licensor the royalties set forth
below (the &#8220;<B><I>Royalties</I></B>&#8221;). The Royalaties shall be calculated for each calendar year and shall be paid
to Licensor no later than March 31 of the following calendar year (i.e. the Royalties for the 2017 calendar years shall be paid
to Licensor on or before March 31, 2018). Notwithstanding the foregoing, nothing in this Agreement shall be construed to obligate
Licensee to sell any Products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Royalty paid
to Licensor for sales of Products to existing Licensor customers set forth on <B>Exhibit C</B> (the &#8220;<B><I>Exisitng Customers</I></B>&#8221;)
for all sales from $[*] to $[*] shall be a percentage of Net Sales as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 20%; border: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Product</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2017</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2020</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2021</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2022</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2023</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2024</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2025</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2026</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">The Royalty paid
to Licensor for sales of Products to (1) Existing Customers for all sales above $[*], or (2) to new customers, shall be a percentage
of Net Sales as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 20%; border: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Product</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2017</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2020</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2021</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2022</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2023</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2024</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2025</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>2026</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-indent: 0.5in">Commencing on January 1, 2027, the Royalty
on all sales of all Products will be [*]%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">For purposes of this Agreement,
the term &#8220;<B><I>Net Sales</I></B>&#8221; means gross sales of all Products by Licensee less the amount of any customer returns
or credits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Portions of this Exhibit have been redacted pursuant to a request
for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934. Omitted
information, marked &#8220;[*]&#8221; in this Exhibit, has been filed separately with the Securities and Exchange Commission together
with such request for confidential treatment.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">The Royalties set
forth in this Agreement assume that the Licensee, for the first five (5) years of the Agreement, will pay Licensor what is effectively
[*]% of the net cash flow generated from sales to the Existing Customers below $[*] annually and that Licensee will be able to
manufacture or have manufactured the Products at the following ratios of variable manufacturing costs of goods sold to Net Sales
(together, the &#8220;<B><I>Variable Manufacturing Cost Ratios</I></B>&#8221;): [*]% for the [*] series Products and [*]% for [*]
series Products (collectively, the &#8220;<B><I>Baseline Cost Ratios</I></B>&#8221;). Therefore, if for any period in which the
payment of the Royalties is calculated, Licensee&#8217;s actual Variable Manufacturing Cost Ratio for any Product series is greater
than the applicable Baseline Cost Ratio, the applicable Royalty payment will be decreased by the percentage difference between
the Licensee&#8217;s actual Variable Manufacturing Cost Ratio to the applicable Baseline Cost Ratio. This effectively ensures that
the Licensee never pays more to the Licensor than sales to Existing Customer actually generated for that period. Because the actual
Variable Manufacturing Cost Ratios are dependent on each Existing Customer&#8217;s Net Sales, Licensee shall not change the per
unit selling price for Existing Customers without Licensor&#8217;s prior written consent.</P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 10%; border: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Product</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Series</B></FONT></TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Dispersions- Commercial Name</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>Weight</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>%</B></P></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Particle Size</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>(nominal)</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>ASP ($/kg)</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Variable</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Manufacturing</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Cost (Q117, $/kg)</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Variable</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Manufacturing</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Cost (%Sales)</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Baseline Cost Ratios (%Sales)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">NanoArc<SUP>&reg;</SUP> [*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]nm (PLS)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">NanoArc<SUP>&reg;</SUP> [*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]nm (PLS)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">NanoArc<SUP>&reg;</SUP> [*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]nm (PLS)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">NanoArc<SUP>&reg;</SUP> [*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*] micron (PLS)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-indent: 0.5in">If at anytime the Royalty payment for
sales to Existing Customers is decreased, Licensee will provide Licensor a detailed breakdown of Licensee&#8217;s actual Variable
Manufacturing Cost Ratio calculation for that period. For reference, from 2013 to 2016, the Licensee&#8217;s variable overhead
for their internally manufactured slurry business averaged [*]% of sales. <B><I>Licensee</I></B> and <B><I>Licensor</I></B> agree
that for purposes of establishing future <B><I>Variable Manufacturing Cost Ratios</I></B>, <B><I>Licensee&#8217;s</I></B> variable
overhead used to update Variable Manufacturing Cost will not exceed [*]% of Net Sales.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">For the avoidance
of doubt, the parties agree and acknowledge that the Royalties due and payable to Licensor hereunder are only calculated based
upon sales of Licensor&#8217;s specific formulation of the Products, and any other products (including polishing slurries with
different or improved formulations, that are required to meet a customer&#8217;s performance criteria that the Licensor&#8217;s
formulation would not) developed, manufactured, marketed and/or sold by Licensee, including products that perform the same function
or may otherwise compete with or be substitutes for the Products shall not be subject to the payment of Royalties.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-transform: uppercase; text-align: center; text-indent: 0in"><U>ARTICLE
3.</U> &nbsp;PAYMENT TERMS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">Payment of Royalties
shall occur no later than the [*] ([*]) day of the [*] month of each calendar quarter for sales volume from the preceding calendar
quarter.&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Portions of this Exhibit have been redacted pursuant to a request
for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934. Omitted
information, marked &#8220;[*]&#8221; in this Exhibit, has been filed separately with the Securities and Exchange Commission together
with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-transform: uppercase; text-align: center; text-indent: 0in"><U>ARTICLE
4.</U>&nbsp;&nbsp;IMPROVEMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">Any improvements,
developments or modifications made, developed or invented solely by Licensee, sublicensees or manufacturers related to the Product
Know-How (the <B><I>&#8220;Licensee Improvements&#8221;</I></B>) shall be owned solely and exclusively by Licensee.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-transform: uppercase; text-align: center; text-indent: 0in"><U>ARTICLE
4.</U>&nbsp;&nbsp;A PRODUCT KNOW-HOW TRANSFER; WARRANTIES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">Licensor and Licensee
shall cooperate, in good faith, to cause the transfer of all Prodcut Know-How to Licensee in accordance with the process and procedure
set forth on <B>Exhibit B</B>. Such transfer shall be completed no later than 60 days following the date of this Agreement. Nanophase
warrants that the Prodcuts do not contain any ingredients that are known by Nanophase to be carcinogenic, mutagenic, or teratogenic.
Only standard chemical hygiene practices and personal protective equipment are recommended for producing and/or handling Products,
as defined in the Product SDSs. Based on Nanophase&#8217;s current knowledge, the acids and bases that are used to adjust the Product
pH represent the most significant health and safety risk, which at the concentrations used, do not pose an extreme hazard. None
of the waste streams from the manufacture of these Products is currently classified/regulated as hazardous material. Spent slurry
from Product use may or may not be deemed as hazardous material depending on the composition of the substrates being polished,
and need to be assessed on an individual basis by the entities involved in those activities.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-transform: uppercase; text-align: center; text-indent: 0in"><U>ARTICLE
5.</U>&nbsp;&nbsp;term and termination</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">This Agreement shall
become effective upon the date hereof and shall continue in full force and effect unless terminated or cancelled as provided in
this <U>Article 5</U> (the &#8220;Term&#8221;). In the event of termination or cancellation, neither party shall be liable for
any loss, expense, liability, termination compensation, or payments of any kind. If termination is made by default, then both parties
retain any rights and remedies they may have against the other party under this Agreement and otherwise in law and in equity.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-weight: normal; font-style: normal">5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-weight: normal; font-style: normal">This
Agreement may be immediately canceled by Licensor, in whole or in part, upon written notice to Licensee should any of the following
occur: </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in">a petition in bankruptcy
is filed or Licensee is adjudged bankrupt;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in">Licensee takes advantage
of any insolvency act or debtor&#8217;s relief act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in">Licensee makes an
assignment for the benefit of its creditors; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in">the business or assets
of Licensee, or any substantial portion thereof, are seized, nationalized, confiscated or expropriated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">5.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">After the termination or
cancellation of this Agreement pursuant to <U>Section 5.2</U>, all licenses granted to Licensee pursuant to this Agreement shall
terminate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Portions of this Exhibit have been redacted pursuant to a request
for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934. Omitted
information, marked &#8220;[*]&#8221; in this Exhibit, has been filed separately with the Securities and Exchange Commission together
with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-transform: uppercase; text-align: center; text-indent: 0in"><U>ARTICLE
6.</U>&nbsp;&nbsp;MISCELLANEOUS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Notwithstanding any
termination of this Agreement, the provisions of <U>Articles 3</U> and <U>6</U> will survive and remain in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">This Agreement shall
be governed by the substantive laws of the State of Arizona, without regard to its conflicts of laws principles, and the State
and Federal courts in the City of Phoenix, Arizona shall have exclusive jurisdiction over any proceeding seeking to enforce any
provision of, or based upon any right arising out of, this Agreement. The parties do hereby irrevocably (a) submit themselves to
the personal jurisdiction of such courts, (b) agree to service of such courts&#8217; process upon them with respect to any such
proceeding, and (c) waive any objection to venue laid therein. The parties acknowledge and agree that the foregoing choice of law
and forum provisions are the product of an arm&#8217;s length negotiation between the parties. EACH PARTY HEREBY WAIVES, TO THE
FULLEST EXTENT ALLOWED UNDER LEGAL REQUIREMENTS, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY
OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE CONTEMPLATED TRANSACTIONS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in"><U>Confidentiality</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Licensor and Licensee
shall keep secret and confidential and not disclose or use for any commercial purpose all information and data relating to (i)
the other party&#8217;s business, including but not limited to its intellectual property; (ii) the terms of this Agreement; (iii)
the Product Know-How, or (iv) specifications, processes, methods, formulas, production schedules and costs, and experience.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">The confidentiality
obligations of the non-disclosing party set forth in subsection 6.3(a) above shall not apply to any information that (i) must be
disclosed to comply with any applicable governmental rules or regulations; (iii) was lawfully in the possession of the non-disclosing
party prior to disclosure from the disclosing party; (iv) was available to the public at the time of disclosure by the disclosing
party or subsequently became available to the public through no fault of the non-disclosing party; (v) becomes available to the
non-disclosing party subsequent to the disclosure from the disclosing party from a third party who is under no confidentiality
obligation to the disclosing party; (vi) is required to be disclosed by the non-disclosing party pursuant to court order or legal
process provided that the non-disclosing party shall give the disclosing party notice of such process and use its best efforts
to afford the disclosing party the opportunity at disclosing party&#8217;s expense to seek to quash or restrain such disclosure;
or (vii) was or is independently developed by the non-disclosing party</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">6.4 </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">The headings of Articles
in this Agreement and the headings in the <B>Exhibits</B> attached hereto are provided for convenience only and shall not affect
its construction or interpretation. With respect to any reference made in this Agreement to a <U>Section</U> or <B>Exhibit</B>,
such reference shall be to the corresponding section of, or the corresponding schedule to, this Agreement. All words used in this
Agreement shall be construed to be of such gender or number as the circumstances require. Unless otherwise expressly provided,
the words &#8220;including&#8221;, &#8220;include&#8221; and &#8220;includes&#8221; do not limit the preceding words or terms and
any list of words or terms following the words &#8220;including&#8221;, &#8220;include&#8221; and &#8220;includes&#8221; is not
an exhaustive list. Any reference to a specific &#8220;day&#8221; or to a period of time designated in &#8220;days&#8221; shall
mean a calendar day or period of calendar days unless the day or period is expressly designated as being a business day or period
of business days. The use of &#8220;or&#8221; is not intended to be exclusive unless expressly indicated otherwise. The parties
hereto acknowledge and agree that (a) each party and its counsel have reviewed and negotiated the terms and provisions of this
Agreement and have contributed to its revision, (b) the rule of construction to the effect that any ambiguities are resolved against
the drafting party shall not be employed in the interpretation of this Agreement and (c) the terms and provisions of this Agreement
shall be construed fairly as to all parties hereto, regardless of which party was generally responsible for the preparation of
this Agreement.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Portions of this Exhibit have been redacted pursuant to a request
for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934. Omitted
information, marked &#8220;[*]&#8221; in this Exhibit, has been filed separately with the Securities and Exchange Commission together
with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">6.5 </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Nothing contained in
this Agreement shall be construed so as to operate or to place any party or its affiliates in the relationship of employee or agent
or joint venture or legal representative of the other party or its affiliates and it is hereby expressly agreed and acknowledged
that each of the parties hereto is an independent contracting party which does not have the authority or power for or on behalf
of the other party hereto to enter into any contract, to incur debts, to accept money, to assume obligations or to make any warranties
or representations whatsoever.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">6.6 </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">This Agreement may
not be amended except by a written agreement executed by Licensor and Licensee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">6.7 </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">If any provision of
this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement
shall remain in full force and effect. Any provision of this Agreement held invalid or unenforceable only in part or degree shall
remain in full force and effect to the extent not held invalid or unenforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">6.8 </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">This Agreement may
be executed in any number of counterparts (including via facsimile or portable document format (PDF)), each of which shall be deemed
an original, but all of which, when taken together, shall constitute one and the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">6.9 </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">This Agreement sets forth
the entire understanding of Licensor and Licensee with respect to the transactions contemplated hereby and thereby and supersedes
all prior agreements or understandings among the parties hereto regarding those matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>[<I>Signature Page Follows</I>]</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Portions of this Exhibit have been redacted pursuant to a request
for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934. Omitted
information, marked &#8220;[*]&#8221; in this Exhibit, has been filed separately with the Securities and Exchange Commission together
with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF,</B>
the parties have executed and delivered this Agreement as of the date first above written.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 43%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 57%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>LICENSOR</B>:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">NANOPHASE TECHNOLOGIES CORP.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">/s/&nbsp;&nbsp;Jess Jankowski</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Jess Jankowski</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">President and CEO</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 43%; padding-right: 5.4pt; padding-bottom: 0; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 57%; padding-right: 5.4pt; padding-bottom: 0; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>LICENSEE</B>:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 0; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 0; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; text-transform: uppercase">EMINESS TECHNOLOGIES, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 0; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 0; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 0; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 0; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-bottom: 0; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 0; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">/s/&nbsp;&nbsp;Daniel N. Koharko</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-bottom: 0; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-bottom: 0; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Daniel N. Koharko</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-bottom: 0; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-bottom: 0; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">CEO</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Portions of this Exhibit have been redacted pursuant to a request
for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934. Omitted
information, marked &#8220;[*]&#8221; in this Exhibit, has been filed separately with the Securities and Exchange Commission together
with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>EXHIBIT A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center; text-indent: 0in"><B>PRODUCTS&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 33%; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B><U>Dispersions-Commercial Name</U></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B><U>Weight %</U></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 18%; text-align: center; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B><U>Particle Size (nominal)</U></B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; text-align: center; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B><U>Variable Manufacturing Cost (Q117)</U></B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 2%; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 20%; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B><U>Standard Package</U></B></FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>NanoArc&reg; [*]</B></FONT></TD>
    <TD STYLE="padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>[*]</B></FONT></TD>
    <TD STYLE="padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>[*] nm (PLS)</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 0; padding-bottom: 0">

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>$[*]/kg</B></P></TD>
    <TD STYLE="vertical-align: top; padding-top: 0; padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>[*]kg Pail, [*]kg drum, [*]kg Tote</B></FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>NanoArc&reg; [*]</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>[*]</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>[*]nm (PLS)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>$[*]/kg</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 0; padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>[*]kg Pail</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>NanoArc&reg; [*]</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>[*]</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>[*]nm (PLS)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>$[*]/kg</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 0; padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>[*]kg Pail</B></FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>NanoArc&reg; [*]</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>[*]</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>[*]nm (PLS)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>$[*]/kg</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 0; padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>[*]kg Pail</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>NanoArc&reg; [*]</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>[*]</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>[*] micron (PLS)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>$[*]/kg</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 0; padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 0; padding-bottom: 0"><FONT STYLE="font-size: 10pt"><B>[*]kg Pail</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Portions of this Exhibit have been redacted pursuant to a request
for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934. Omitted
information, marked &#8220;[*]&#8221; in this Exhibit, has been filed separately with the Securities and Exchange Commission together
with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>EXHIBIT B</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center; text-indent: 0in"><B>PROCESS FOR TRANSFER
OF KNOW-HOW</B>&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="width: 48%; border: #D9D9D9 1pt solid; padding-right: 5.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ETI &amp; NANX Product Production Transfer</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>60 days</B></FONT></TD>
    <TD STYLE="width: 33%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 8%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 8.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Information Gathering</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>35 days</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>On-Site Info Gathering</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>25 days</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 17.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Remote Info Gathering</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 7.95pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Review any items from remote info gathering and follow-up</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Raw Materials/Production/Finished Goods?? (<B>[*])</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 7.95pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Process audits</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5 days</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Raw material sourcing (Vendor Information, Supply Contracts)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 12.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[*] Series Products</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Raw Material Packaging Form Factors</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 21.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Production Process Training</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SDS for all RMs</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 21.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Production Process Walk-through</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supplier RM CoAs</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 21.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">QC Training</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vendor qualification info ([<B>*]</B>)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 21.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sample sent to ETI for QC Comparison</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dual sourcing/Contingency plan</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 12.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[*] Series Products</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Receiving inspection criteria ([*])</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 21.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Production Process Training</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Safety EHS Concerns (Storage requirements, PPE)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 21.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Production Process Walk-through</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Waste stream issues (<B>[*]</B>)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 21.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">QC Training</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">REACH Registration(s) (<B>[*]</B>)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 21.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sample sent to ETI for QC Comparison</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other regulatory concerns? (<B>[*]</B>)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 8.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Identify gaps BTW NANX&amp; ETI Production &amp; QC</B></FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Material handling and storage</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 8.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;&nbsp;Capital required?</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WIP components and storage</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 12.6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If yes, what and how long?</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Product demand (historical and forecast volumes)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 8.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Plan Manufacturing Transfer</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5 days</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lead times/MOQs/Safety Stock (For RM and Finished Goods)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NANX inventory build</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Product Bills of Material</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">RM logistics</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD COLSPAN="2" STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Product run sheet/batch records/production procedures</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">QC Transfer</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Operator Training Documents/Procedures (<B>[*]</B>)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Batch Production Schedule</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Labeling and shipping requirements (see SDS)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 8.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Manufactuing Transfer</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5 days</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">special packaging types/sizes</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 12.6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>[*] Series Products</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Production labor requirements</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Production @ ETI</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Product/Process Historical Yields</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">QC @ ETI</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">P&amp;IDs/Process diagrams/Equipment list</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sample sent to NANX for QC</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Water quality of NANX production</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 12.6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>[*] Series Products</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Filtration procedures/specifications</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Production @ ETI</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fill by weight or volume?</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">QC @ ETI</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">QC methods (RM/WIP/FG)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sample sent to NANX for QC</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">QC labor requirements</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Review and Documentation</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10 days</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Product CoAs </FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Product TDSs </FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Product SDSs </FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shelf life information (current spec &amp; data)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Historical quality data (SPC or otherwise)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Product/Process FMEAs(<B>[*]</B>)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Customer List</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>

<TR STYLE="background-color: White">
    <TD STYLE="width: 48%; border: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Special Customer Requirements</FONT></TD>
    <TD STYLE="width: 11%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="width: 33%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 8%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Customer Purchase/Supply Contracts/Blanket Orders</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD COLSPAN="2" STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 26.1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Customer change control requirements? (<B>[*]</B>)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Portions of this Exhibit have been redacted pursuant to a request
for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934. Omitted
information, marked &#8220;[*]&#8221; in this Exhibit, has been filed separately with the Securities and Exchange Commission together
with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>EXHIBIT C</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>EXISTING CUSTOMERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #003150">
    <TD STYLE="width: 13%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: white"><B>Customer</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; border-right: white 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: white"><B>Product</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: white"><B>Qty.
    of Orders/POs, Shipped and In Hand &#8211; kg (as of 4/30)</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: white"><B>Qty.
    of Orders/POs, Shipped and In-Hand - $$$ (as of 4/30)</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: white"><B>Est.
    Product Mix% - By Customer</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid; border-right: white 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: white"><B>2017
    Forecast, Est. Product Mix</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: white"><B>%
    of Forecast Achieved (as of 4/30)</B></FONT></TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: white"><B>Average
    Days of Payment</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: white"><B>Price</B></FONT></TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: white"><B>Package
    Size</B></FONT></TD>
    <TD STYLE="width: 29%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: white"><B>Notes</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>NanoArc<SUP>&reg;
    </SUP>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]/gallon</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]
    </B></FONT><B><FONT STYLE="font-size: 7pt">Gallon</FONT></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>will
    likely get price break based off high volume<BR>  discount (discounted pricing $[*]/gallon for <BR>  [*] and $[*]/Gallon for [*]</B></FONT></TD></TR>
<TR STYLE="background-color: #DCEAF6">
    <TD ROWSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>NanoArc<SUP>&reg;
    </SUP>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]/Gallon</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]
    Gallon</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #DCEAF6">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>NanoArc<SUP>&reg;
    </SUP>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]/Gallon</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]
    Gallon</B></FONT></TD></TR>
<TR STYLE="background-color: #DCEAF6">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>NanoArc<SUP>&reg;
    </SUP>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]/Gallon</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]
    Gallon</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>NanoArc<SUP>&reg;
    </SUP>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]/gallon</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]
    gallon</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #191924"><FONT STYLE="font-size: 7pt"><B>We
                                         then add their shipping cost to their unit price.</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #191924"><FONT STYLE="font-size: 7pt"><B>Typically
        it is about $[*]/gallon</B></FONT></P></TD></TR>
<TR STYLE="background-color: #DCEAF6">
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: black"><B>NanoArc</B></FONT><B><FONT STYLE="font-size: 7pt; color: #191924"><SUP>&reg;
    </SUP>[*]</FONT></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #191924"><FONT STYLE="font-size: 7pt"><B>[*]</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #06192F"><FONT STYLE="font-size: 7pt"><B>&nbsp;</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #191924"><FONT STYLE="font-size: 7pt"><B>[*]</B></FONT></P></TD>
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]/kg</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]kg
    Pail</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #DCEAF6">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>NanoArc<SUP>&reg;
    </SUP>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]/kg</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]kg
    Pail</B></FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>NanoArc<SUP>&reg;
    </SUP>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]/gallon
    ([*]</B></FONT><FONT STYLE="font-size: 7pt"><BR>
    <FONT STYLE="color: #191924"><B>gallon commitment)</B></FONT></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]
    gallon</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 7pt"><B>have
                                         <FONT STYLE="color: #06192F">pricing</FONT> <FONT STYLE="color: #191924">tiers [*]</FONT>
                                         <FONT STYLE="color: #06192F">pricing </FONT><FONT STYLE="color: #191924">not</FONT> <FONT STYLE="color: #08092A">negotiated
                                         </FONT><FONT STYLE="color: #06192F">or</FONT></B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #191924"><FONT STYLE="font-size: 7pt"><B>provided</B></FONT></P></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>NanoArc<SUP>&reg;
    </SUP>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>$<FONT STYLE="color: #191924">[*]</FONT></B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]/gallon
    ([*] gallon commitment)</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]
    </B></FONT><B><FONT STYLE="font-size: 7pt">gallon</FONT></B></TD></TR>
<TR STYLE="background-color: #DCEAF6">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>NanoArc<SUP>&reg;
    </SUP>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #08092A"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #08092A"><B>$</B></FONT><B><FONT STYLE="font-size: 7pt; color: #191924">[*]</FONT></B><B><FONT STYLE="font-size: 7pt; color: #08092A">/Liter</FONT></B></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]L
    Pail</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>NanoArc<SUP>&reg;
    </SUP>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #06192F"><B>$</B></FONT><B><FONT STYLE="font-size: 7pt; color: #191924">[*]</FONT></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #08092A"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #08092A"><B>$</B></FONT><B><FONT STYLE="font-size: 7pt; color: #191924">[*]</FONT></B><B><FONT STYLE="font-size: 7pt; color: #08092A">/Liter</FONT></B></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]
    Gallon</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #DCEAF6">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>NanoArc<SUP>&reg;
    </SUP>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]/kg</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]
    </B></FONT><B><FONT STYLE="font-size: 7pt; color: black">gallon</FONT></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>NanoArc<SUP>&reg;
    </SUP>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #08092A"><B>$</B></FONT><B><FONT STYLE="font-size: 7pt; color: #191924">[*]</FONT></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #08092A"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #08092A"><B>$</B></FONT><B><FONT STYLE="font-size: 7pt; color: #191924">[*]</FONT></B><B><FONT STYLE="font-size: 7pt; color: #08092A">/gallon</FONT></B></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]
    gallon</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>

<TR STYLE="background-color: #DCEAF6">
    <TD ROWSPAN="2" STYLE="width: 13%; border: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD NOWRAP STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>NanoArc<SUP>&reg;
    </SUP>[*]</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 5%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #08092A"><B>[*]</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 5%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]/gallon</B></FONT></TD>
    <TD NOWRAP STYLE="width: 5%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]
    gallon</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 29%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #DCEAF6">
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt"><B>NanoArc<FONT STYLE="color: #191924"><SUP>&reg;
    </SUP>[*]</FONT></B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #08092A"><B>$</B></FONT><B><FONT STYLE="font-size: 7pt; color: #191924">[*]</FONT></B><B><FONT STYLE="font-size: 7pt; color: #08092A">/liter</FONT></B></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]
    gallon</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>$[*]</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt; color: #191924"><B>[*]%</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
</TABLE>
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex10-2.htm
<DESCRIPTION>EXCLUSIVE SUPPLY AGREEMENT
<TEXT>
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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-weight: normal"><A HREF="nanx-8k_062917.htm">Nanophase Technologies Corporation 8-K</A></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: right"><B>EXHIBIT 10.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Portions of this Exhibit have been redacted pursuant to a request
for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934. Omitted
information, marked &ldquo;[*]&rdquo; in this Exhibit, has been filed separately with the Securities and Exchange Commission together
with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>EXCLUSIVE SUPPLY AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">This Exclusive Supply
Agreement (the &ldquo;<B><I>Agreement</I></B>&rdquo;) is made as of June 23, 2017,
by and between Nanophase Technologies Corp., a Delaware corporation (<B><I>&ldquo;Seller&rdquo;</I></B>) and Eminess Technologies,
Inc., an Arizona corporation (<B><I>&ldquo;Buyer&rdquo;</I></B>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">WHEREAS, Seller is
a manufacturer of certain unique Ceria and Alumina nanoparticles as further described on <B>Exhibit A</B> attached hereto (the
&ldquo;<B><I>Products</I></B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">WHEREAS, Seller desires
to supply to Buyer and Buyer desires to purchase from Seller the Products, upon and subject to the terms set forth in this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">WHEREAS, the parties
desire to enter into this Agreement to provide a means for Buyer to use commercially reasonable efforts, with the encouragement
and support of Seller, to expand the market for Products in the Polishing Field (as defined below);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">WHEREAS, Seller enters
into this Agreement with the intent of allowing itself to focus its business development efforts on areas outside of the Polishing
Field, while continuing to manufacture Products on behalf of Buyer for sale in the Polishing Field;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">WHEREAS, Seller considers
Buyer to be competent and trusted counterparty in terms of business development and customer support in the Polishing Field;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">WHEREAS, Buyer enters
into this agreement with the intent of expanding its market reach in the Polishing Field, incorporating Products into existing
Buyer product formats, as well as in formats to be developed in the future by Buyer;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">WHEREAS, it is the
intent of this Agreement that both Buyer and Seller will share a collaborative relationship in terms of creating new products and
in addressing customer needs; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">WHEREAS, the parties
intend this Agreement to signal the beginning of a long-term relationship, where both parties perceive a long-term and enduring
benefit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">NOW THEREFORE, for
and in consideration of the foregoing and the mutual covenants and agreements contained herein, and intending to be legally bound
hereby, Buyer and Seller hereby agree as follows:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
1</FONT><U><BR>
DEFINITIONS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-indent: 0.5in">For purposes of this Agreement, the following
terms shall have the meanings specified or referred to in this <U>Article 1</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><B><I>&ldquo;Governmental Body&rdquo;
</I></B>&ndash; means any federal, state, local, municipal, foreign, tribal or other governmental body entitled to exercise any
administrative, executive, judicial, legislative, police, regulatory or taxing authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&ldquo;Liability&rdquo; or &ldquo;Liabilities&rdquo;</I></B>
&ndash; means any liability or liabilities, obligations, expenses, claims, taxes or assessments, losses, fines, penalties, settlements
or damages of or by any Person.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 16pt">Portions of this Exhibit have been redacted pursuant to a
request for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934.
Omitted information, marked &ldquo;[*]&rdquo; in this Exhibit, has been filed separately with the Securities and Exchange Commission
together with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><B><I>&ldquo;Person&rdquo; </I></B>&ndash;
means any individual<I>, </I>corporation, general or limited partnership, limited liability company, joint venture, estate, trust,
association, organization, labor union or other entity or Governmental Body.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&ldquo;<B><I>Polishing Field</I></B>&rdquo;
&ndash; means polishing applications of the Products in which the object of polishing is to modify the material to be polished
(the workpiece) to meet desired surface attributes. The mechanisms of polishing involve four components: the workpiece, fluid,
abrasive, and pad or lap. The workpiece can vary in bulk composition and application (optical glass, semiconductor substrate or
device layer, protective coating, etc.). The fluid is the liquid phase of the polishing slurry formulation and is characterized
by its chemical composition and physical properties. The function of the abrasive is to mechanically remove material from the surface
of the workpiece. Material removal is accomplished at the workpiece surface and pad/lap interface through either mechanical or
a combination of chemical and mechanical action. Finally, the pad/lap is used to impose relative motion between the abrasives and
the workpiece to facilitate material removal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><B><I>&ldquo;Specifications&rdquo;</I></B>
&ndash; means with respect to a Product, the specifications for such Product set forth on <B>Exhibit A</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&ldquo;<B><I>Term</I></B>&rdquo; &ndash;
means the period ending ten (10) years from the execution of the Agreement, or any extended term as contemplated in Article 12.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><B><I>&ldquo;Third Party&rdquo;</I></B>
&ndash; means any Person other than a party hereto
or its respective Affiliates.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
2</FONT><U><BR>
exclusive SUPPLY</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Pursuant to the terms
and subject to the conditions contained in this Agreement, Seller shall sell to Buyer, and Buyer shall purchase from Seller one
hundred percent (100%) of Buyer&rsquo;s requirements of the Products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Seller will supply
Buyer with the Products purchased and sold pursuant to this Agreement in Seller&rsquo;s standard container sizes utilizing Seller&rsquo;s
standard packaging. To the extent that any Products are altered or repackaged by or on behalf of Buyer, Buyer shall remove all
of Seller&rsquo;s container labeling from all such containers prior to their disposal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Notwithstanding anything
to the contrary contained in this Agreement, Seller acknowledges and agrees that for a period of ten (10) years following the date
of this Agreement, Seller shall not, and shall cause its affiliates and designees not to, directly or indirectly, use or market,
promote or sell any of the Products to Persons, in each case for use in the Polishing Field; provided, that Seller may use the
Products for surface preparation or modification of its own materials as may be required to facilitate placement of Products outside
of the Polishing Field.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
3</FONT><U><BR>
PRICE</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in; ">The
purchase price for the Products supplied hereunder shall be as shown on <B>Exhibit B </B>attached hereto.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
4</FONT><U><BR>
PAYMENT AND DELIVERY TERMS </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">For Products directly
shipped (drop-shipped) from Seller to an Existing Customer, payment terms shall be net [*] ([*]) days after shipping date. For
products shipped to Buyer (for stock or re-shipment to customers), payment terms will be net [*] ([*]) days after shipping date
to Buyer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Delivery will be FOB
Seller&rsquo;s facility (shipping point). Seller shall comply with reasonable delivery requirements of Buyer, which shall be at
Buyer&rsquo;s expense.&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 16pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 16pt; text-align: justify">Portions of this Exhibit have
been redacted pursuant to a request for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the
Securities Exchange Act of 1934. Omitted information, marked &ldquo;[*]&rdquo; in this Exhibit, has been filed separately with
the Securities and Exchange Commission together with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Seller shall take batch
samples of the Products supplied hereunder and shall retain such samples in accordance with Seller&rsquo;s internal policies and
quality controls. All batch deliveries of Products supplied hereunder shall be accompanied by a certificate of analysis.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
5</FONT><U><BR>
QUANTITIES AND PURCHASE ORDER; ANNUAL MINIMUMS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">The Buyer shall periodically
provide Seller with a rolling forecast setting forth its purchase requirements for the following twelve calendar months for each
Product (each a <B><I>&ldquo;Buyer Forecast&rdquo;</I></B>). The Buyer Forecast is non-binding; provided that Buyer shall use commercially
reasonable efforts to promptly provide any updates to a Buyer Forecast in the event there are material changes in a Buyer Forecast.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Buyer shall deliver
from time to time written purchase orders (an <B><I>&ldquo;Order&rdquo;</I></B>) for the quantities of the Products Buyer desires
to purchase hereunder. The Order shall represent a binding commitment by Buyer to purchase and a binding commitment by Seller
to supply. Notwithstanding anything contained in this Agreement or any Order, unless otherwise expressly agreed upon by the parties
in writing, no modification of this Agreement shall be effected by the use of any Order or other form containing any terms and/or
conditions that are inconsistent with those of this Agreement. The parties hereby acknowledge and agree that, unless otherwise
expressly agreed upon by the parties in writing, any such inconsistent terms and conditions shall be void and of no force or effect
against the parties and in the event of any conflict between the terms and conditions contained in this Agreement and any terms
and conditions contained in any Order or other form, the terms and conditions contained in this Agreement shall govern.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">On an annual basis, Buyer shall purchase from Seller a minimum
amount of Products with an aggregate purchase price of $[*] (the &ldquo;<B><I>Annual Minimum</I></B>&rdquo;). The Annual Minimum
shall be measured each calendar quarter based on the prior 12 months of purchases by Buyer. If, at any time the Annual Minimum
is measured, Buyer has failed to meet the Annual Minimum, at Buyer&rsquo;s election, Buyer shall (a) submit a purchase order to
Seller for Products so as to cause Buyer to meet the Annual Minimum, or (b) pay to Seller an amount equal to [*]% of the difference
between Buyer&rsquo;s actual purchases of Product and the Annual Minimum; provided, however, that in the event that Buyer elects
option (b) above, and in any subsequent calendar quarter occurring during the twelve (12) month period following Buyer&rsquo;s
election of option (b) above, Buyer&rsquo;s purchases are in excess of the Annual Minimum, Buyer shall be entitled to a credit
of any amounts paid to Seller under option (b) above against purchase made in excess of the Annual Minimum up to the amount paid
to Seller under option (b) above.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
6</FONT><U><BR>
HAZARDS AND STEWARDSHIP</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">Except
as expressly provided in this Agreement, neither Seller nor any of its affiliates shall be liable for any personal injury or property
damage, harm to the environment or pollution arising out of or connected with the manufacture, marketing, promotion, import, storage,
formulation, distribution or other handling or sale of the Products by Buyer, except to the extent the same arises from Seller&rsquo;s
or its affiliates&rsquo; negligence or willful misconduct in connection with Seller&rsquo;s or its affiliates&rsquo; handling,
processing, transportation, storage or possession of the Products when the Products are under Seller&rsquo;s or its affiliates&rsquo;
care and custody.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
7</FONT><U><BR>
WARRANTIES </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-transform: uppercase; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-weight: normal; text-transform: none">Seller
warrants that the Products do not contain any ingredients that are known by Seller to be carcinogenic, mutagenic, or teratogenic.
Only standard chemical hygiene practices and personal protective equipment are recommended for producing and/or handling the Products,
as defined in the Product SDSs. Based on Seller&rsquo;s current knowledge, the acids and bases that are used to adjust the Product
pH represent the most significant health and safety risk, which at the concentrations used, do not pose an extreme hazard. None
of the waste streams from the manufacture of the Products is currently classified/regulated as hazardous material. Spent slurry
from Product use may or may not be deemed as hazardous material depending on the composition of the substrates being polished,
and need to be assessed on an individual basis by the entities involved in those activities.</FONT><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 16pt">Portions of this Exhibit have been redacted pursuant to a
request for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934.
Omitted information, marked &ldquo;[*]&rdquo; in this Exhibit, has been filed separately with the Securities and Exchange Commission
together with such request for confidential treatment.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
8</FONT><U><BR>
INDEMNIFICATION</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Buyer agrees to indemnify,
defend and hold Seller and its directors, officers, employees, stockholders and members harmless from and against all Liabilities
and/or judgments (collectively, <B><I>&ldquo;Damages&rdquo;</I></B>) arising out of a (i) claim by a Third Party to the extent
relating to the marketing, promotion, import, storage, formulation, distribution or other handling or sale of the Products by or
on behalf of Buyer, except to the extent relating to a breach by Seller of its warranties contained in <U>Article 7</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Seller agrees to indemnify,
defend and hold Buyer and its directors, officers, employees, stockholders and members harmless from and against all Damages arising
out of (i) a claim by a Third Party to the extent such claim results from a breach by Seller of its warranties contained in <U>Article
7</U> or (ii) a breach by Seller of this Agreement.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
9</FONT><U><BR>
GOVERNING LAW</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">This Agreement shall
be governed by the substantive laws of the State of Arizona, without regard to its conflicts of laws principles, and the State
and Federal courts in the City of Phoenix, Arizona shall have exclusive jurisdiction over any proceeding seeking to enforce any
provision of, or based upon any right arising out of, this Agreement. The parties do hereby irrevocably (a) submit themselves to
the personal jurisdiction of such courts, (b) agree to service of such courts&rsquo; process upon them with respect to any such
proceeding, and (c) waive any objection to venue laid therein. The parties acknowledge and agree that the foregoing choice of law
and forum provisions are the product of an arm&rsquo;s length negotiation between the parties. EACH PARTY HEREBY WAIVES, TO THE
FULLEST EXTENT ALLOWED UNDER LEGAL REQUIREMENTS, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY
OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE CONTEMPLATED TRANSACTIONS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">The parties acknowledge
and agree that the foregoing choice of law and forum provisions are the product of an arms length negotiation between the parties.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
10</FONT><U><BR>
DEVELOPMENT OF NEW PRODUCTS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">In the event that Buyer
desires that Seller develop and produce additional and/or new nanoparticle products to be supplied pursuant to this Agreement,
Buyer will prepare a business case for discussion with Seller, which business case may or may not include additional compensation
to Seller (e.g. for development of the additional and/or new products, or in the form of future product margin, royalties, or any
other form of payment). After delivery of such business case to Seller, the parties will confer in good faith as to whether Seller
will develop and product such additional and/or new product; provided that Seller will have full discretion, acting reasonably,
to determine whether to develop and product such additional and/or new products. In the event that Seller elects to develop and
produce such additional and/or new products, this Agreement shall be amended by the parties to include such additional and/or new
products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">In the event that
Seller desires to develop and produce additional and/or new nanoparticle products or technologies to be supplied pursuant to this
Agreement, Buyer and Seller will use commercially reasonable efforts to prepare a business case and upon mutual agreement by the
parties of such business case, this Agreement shall be amended by the parties to include such additional and/or new products or
technologies.<B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 16pt">Portions of this Exhibit have been redacted pursuant to a
request for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934.
Omitted information, marked &ldquo;[*]&rdquo; in this Exhibit, has been filed separately with the Securities and Exchange Commission
together with such request for confidential treatment.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
11</FONT><U><BR>
EQUIPMENT PURCHASE</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">In connection with
the purchase and supply of Products pursuant to this Agreement, Buyer shall acquire from Seller and Seller shall sell to Buyer
the items of equipment set forth on <B>Exhibit C</B> attached hereto for a purchase price of $36,000.00. Such items of equipment
will be transferred to Buyer pursuant to a bill of sale in a form reasonably acceptable to Seller, and upon delivery of such bill
of sale to Buyer, Buyer shall pay the purchase price for the equipment by wire transfer of immediately available funds, or such
other payment method as may be mutually acceptable to the parties.</P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
12</FONT><U><BR>
TERM AND TERMINATION; OPTION TO OBTAIN A LICENSE</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">This Agreement shall
commence on the date hereof and continue to be in full force and effect for a period of ten (10) years (the &ldquo;<B><I>Term</I></B>&rdquo;),
unless renewed pursuant to Article 12(3) below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">This Agreement may
be terminated by a party as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in">immediately, in the
event the other party (i) becomes the subject of a petition for a bankruptcy order or declares or is being declared bankrupt, (ii)
shall become insolvent or unable to pay its debts when due, (iii) makes an assignment for the benefit of creditors and/or (iv)
takes or suffers any other similar events;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in">immediately, in the
event of the dissolution, liquidation or winding up of the other party; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in">upon a material breach
or default in the performance of the other party of its respective obligations under this Agreement, and if following written notification
of such material breach or default, such material breach or default has not been fully cured by the breaching party within sixty
(60) days after receipt of such written notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">In the event that Buyer
terminates this Agreement pursuant to Article 12(2) above, upon such termination, Seller hereby grants to Buyer an irrevocable
option to obtain from Seller, an exclusive, assignable, irrevocable license, with the right to sublicense, to all know-how, formulations
and technology necessary to make, have made, use, offer for sale, sell, have sold, and import the Products in the Polishing Field
anywhere in the world. Such license shall expire on the date that this Agreement would have otherwise terminated had it not been
terminated early by Buyer pursuant to Article 12(2). Buyer shall pay to Seller a one-time royalty of $10,000 for such license,
and upon such payment, the license contemplated by this Article 12(3) shall be and hereby is granted to Buyer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Commencing on the
date that is twelve (12) months prior to the expiration of the terms, Seller and Buyer will, in good faith, evaluate this Agreement
and negotiate an extension of this Agreement upon terms and conditions acceptable to both Buyer and Seller. If Buyer and Seller
are unable to reach agreement regarding an extension, then either party may, by at least 180 days prior notice to the other party,
elect to terminate this Agreement upon expiration of the initial Term.&nbsp;</P>


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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">Portions of this Exhibit have been redacted pursuant
to a request for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act
of 1934. Omitted information, marked &ldquo;[*]&rdquo; in this Exhibit, has been filed separately with the Securities and Exchange
Commission together with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
13</FONT><U><BR>
FORCE MAJEURE</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">No party shall be liable
for its delay in performing or failure to perform hereunder (other than to make payments of any amounts due hereunder) as a result
of any contingency beyond its reasonable control, including acts of God, fires, floods, wars, civil insurrection, general military
obligation, sabotage, machinery breakdown (provided the party claiming a machinery breakdown has continued to maintain such machinery
in the same manner that the party maintains such machinery as of the date of this Agreement), accidents, lockouts, labor disputes
or shortages, any governmental laws, ordinances, rules, regulations, bans, action or inaction by Governmental Bodies (whether valid
or invalid, including priorities, requisitions, allocations and price adjustment restrictions), delay or inability to obtain supplies,
labor, raw materials, energy, transportation, or any other similar contingency (each such contingency herein referred to as a <B><I>&ldquo;Force
Majeure&rdquo;</I></B>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">The party pleading
circumstances of Force Majeure shall notify the other Party in writing of the existence of such Force Majeure within twenty (20)
days of the first day of such Force Majeure and shall also notify the other party as soon as the circumstances giving rise to such
Force Majeure have abated and/or ceased.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">If Seller&rsquo;s
ability to supply the Products or to obtain any or a sufficient quantity of any material used directly or indirectly in the manufacture
thereof, is limited or reduced by reason of Force Majeure, Seller shall notify Buyer of the same and in such case, Seller may allocate
its available supply of the Products (without obligation to acquire other supplies of active ingredient or other material) among
itself, Buyer and its other purchasers in proportion to the documented demands for each entity at the point in time when the need
for a limitation or reduction is identified.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
14</FONT><U><BR>
ASSIGNMENT, SUCCESSORS AND NO THIRD PARTY RIGHTS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">In no event shall
Buyer assign any of its rights or obligations under this Agreement, in whole or in part, without the prior written consent of Seller,
which consent may be granted or withheld in the sole discretion of Seller, provided, however that Buyer may assign or transfer
this Agreement to (i) an affiliate or (ii) a purchaser of all or substantially all of Buyer&rsquo;s business, in either case, without
obtaining the consent of Seller. In no event shall Seller assign any of its rights or obligations under this Agreement, in whole
or in part, without the prior written consent of Buyer, which consent may be granted or withheld in the sole discretion of Buyer,
provided, however that Seller may assign or transfer this Agreement to (a) an affiliate or (b) a purchaser of all or substantially
all of Seller&rsquo;s business, in either case, without obtaining the consent of Buyer. This Agreement will apply to, be binding
in all respects upon and inure to the benefit of the successors and permitted assigns of the parties. Unless otherwise expressly
provided herein, nothing expressed or referred to in this Agreement will be construed to give any Person other than the parties
to this Agreement and their successors and permitted assigns any legal or equitable right, remedy or claim under or with respect
to this Agreement or any provision of this Agreement. This Agreement and all of its provisions and conditions are for the sole
and exclusive benefit of the parties to this Agreement and their successors and permitted assigns.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
15</FONT><U><BR>
SEVERABILITY</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">If any provision
of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement
will remain in full force and effect. Any provision of this Agreement held invalid or unenforceable only in part or degree will
remain in full force and effect to the extent not held invalid or unenforceable.</P>



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
16</FONT><U><BR>
NOTICES</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">All notices, consents,
waivers, and other communications under this Agreement must be in writing and shall be deemed to have been duly given when (a)
delivered by hand (with written confirmation of receipt), (b) upon written confirmation of receipt when sent by PDF or facsimile
transmission; <U>provided</U>, that a hard copy is mailed by registered or certified mail, return receipt requested promptly thereafter
or (c) received by the addressee, if sent by a nationally recognized overnight delivery service (receipt requested), in each case
to the appropriate addresses set forth below (or to such other addresses as a party may designate by notice to the other party):</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 16pt">Portions of this Exhibit have been redacted pursuant to a
request for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934.
Omitted information, marked &ldquo;[*]&rdquo; in this Exhibit, has been filed separately with the Securities and Exchange Commission
together with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><U>If to Seller</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Nanophase Technologies Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">1319 Marquette Drive</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Romeoville, IL 60446</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Attn: Jess Jankowski</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><U>If to Buyer</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Eminess Technologies, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">7272 East Indian School Road</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Suite 350</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Scottsdale, AZ 85251</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Attn: Dan Koharko</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
17</FONT><U><BR>
RELATIONSHIP OF PARTIES</U></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">Nothing contained
in this Agreement shall be construed so as to operate or to place any party or its affiliates in the relationship of employee or
agent or joint venture or legal representative of the other party or its affiliates and it is hereby expressly agreed and acknowledged
that each of the parties hereto is an independent contracting party which does not have the authority or power for or on behalf
of the other party hereto to enter into any contract, to incur debts, to accept money, to assume obligations or to make any warranties
or representations whatsoever.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
18</FONT><U><BR>
ENTIRE AGREEMENT AND MODIFICATION</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">This Agreement supersedes
all prior agreements between the parties with respect to its subject matter and constitutes a complete and exclusive statement
of the terms of the agreement between the parties with respect to its subject matter. This Agreement may not be amended except
by a written agreement executed by Buyer and Seller.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
19</FONT><U><BR>
HEADINGS; CONSTRUCTION</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">The headings of
articles in this Agreement and the headings in the <B>Exhibits </B>attached hereto are provided for convenience only and will
not affect its construction or interpretation. Unless otherwise stated herein, all references to &ldquo;Article&rdquo; or &ldquo;Articles&rdquo;
refer to the corresponding article or articles of this Agreement. All words used in this Agreement will be construed to be of
such gender or number as the circumstances require. Unless otherwise expressly provided, the words &ldquo;including&rdquo;, &ldquo;include&rdquo;
and &ldquo;includes&rdquo; do not limit the preceding words or terms. Any reference to a specific &ldquo;day&rdquo; or to a period
of time designated in &ldquo;days&rdquo; shall mean a calendar day or period of calendar days unless the day or period is expressly
designated as being a business day or period of business days. The use of &ldquo;or&rdquo; is not intended to be exclusive unless
expressly indicated otherwise. All amounts denominated in dollars or &ldquo;$&rdquo; in this Agreement are references to United
States dollars unless expressly indicated otherwise. The parties hereto acknowledge and agree that (a) each party and its counsel
have reviewed and negotiated the terms and provisions of this Agreement and have contributed to its revision, (b) the rule of
construction to the effect that any ambiguities are resolved against the drafting party shall not be employed in the interpretation
of this Agreement and (c) the terms and provisions of this Agreement shall be construed fairly as to all parties hereto, regardless
of which party was generally responsible for the preparation of this Agreement.&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 16pt">Portions of this Exhibit have been redacted pursuant to a
request for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934.
Omitted information, marked &ldquo;[*]&rdquo; in this Exhibit, has been filed separately with the Securities and Exchange Commission
together with such request for confidential treatment.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
20</FONT><U><BR>
NO IMPLIED WAIVERS; NO JURY TRIAL</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">Except as otherwise
set forth herein, the rights and remedies of the parties to this Agreement are cumulative and not alternative. Neither the failure
nor delay by any party in exercising any right, power or privilege under this Agreement or the documents referred to in this Agreement
shall operate as a waiver of such right, power or privilege, and no single or partial exercise of any such right, power or privilege
shall preclude any other or further exercise of such right, power or privilege or the exercise of any other right, power or privilege.
EACH PARTY HEREBY WAIVES, TO THE FULLEST EXTENT ALLOWED UNDER LEGAL REQUIREMENTS, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT
OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE CONTEMPLATED
TRANSACTIONS.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
21</FONT><U><BR>
COMPLIANCE WITH LAWS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">Each party shall
comply with all applicable laws in the performance of its obligations under this Agreement</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 13.5pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: none">ARTICLE
22</FONT><U><BR>
COUNTERPARTS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">This Agreement may be executed in any number
of counterparts (including via facsimile or portable document format (PDF)), each of which shall be deemed an original, but all
of which, when taken together, shall constitute one and the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>[Signature Page Follows]</I></B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 16pt">Portions of this Exhibit have been redacted pursuant to a
request for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934.
Omitted information, marked &ldquo;[*]&rdquo; in this Exhibit, has been filed separately with the Securities and Exchange Commission
together with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF,
the parties have executed and delivered this Agreement as of the date first above written.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt"><B>SELLER</B>:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">NANOPHASE TECHNOLOGIES CORP.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%; layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 8%; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 32%; border-bottom: Black 1pt solid; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">/s/ &nbsp;Jess Jankowski</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">Jess Jankowski</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">President and CEO</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt"><B>BUYER</B>:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt; text-transform: uppercase">EMINESS TECHNOLOGIES, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">/s/&nbsp;&nbsp;Daniel N. Koharko</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">Daniel N. Koharko</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">CEO</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 16pt">Portions of this Exhibit have been redacted pursuant to a
request for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934.
Omitted information, marked &ldquo;[*]&rdquo; in this Exhibit, has been filed separately with the Securities and Exchange Commission
together with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Products and Specifications</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Dispersions-Commercial Name</B></FONT></TD>
    <TD STYLE="width: 15%; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Weight %</B></FONT></TD>
    <TD STYLE="width: 26%; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Particle Size (nominal)</B></FONT></TD>
    <TD STYLE="width: 23%; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Standard Package</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">NanoArc&reg; [*]</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">[*] nm (BET)</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">[*]kg Pail, </FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">[*]kg drum, </FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">[*]kg Tote</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">NanoArc&reg; [*]</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">[*]nm (BET)</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">[*]kg Pail</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">NanoArc&reg; [*]</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">[*]nm (BET)</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">[*]kg Pail</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">NanoArc&reg; [*]</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">[*]nm (BET)</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-align: justify"><FONT STYLE="font-size: 10pt">[*]kg Pail</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;&nbsp;<B>&nbsp;</B></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 16pt">Portions of this Exhibit have been redacted pursuant to a
request for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934.
Omitted information, marked &ldquo;[*]&rdquo; in this Exhibit, has been filed separately with the Securities and Exchange Commission
together with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT B-1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Prices</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><B>Schedule A:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">The price paid to Seller for sales of
the Products to Seller&rsquo;s existing customers with the product combinations set forth below on Exhibit B-2 (the &ldquo;<B><I>Existing
Customer-Product Combinations</I></B>&rdquo;) for sales up to the Baseline Annual Usage (kg) as shown on Exhibit B-2 shall be a
percentage of Customer Net Sales as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 20%; border: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>Product</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2017</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2020</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2021</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2022</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2023</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2024</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2025</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2026</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><B>Schedule B:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">The price paid to Seller for sales of
the Products to: (1) Seller&rsquo;s Existing Customer-Product Combinations for sales greater than the Baseline Annual Usage (kg)
as shown on Exhibit B-2, or (2) to new customer-product combinations shall be a percentage of Customer Net Sales as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 20%; border: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>Product</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2017</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2020</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2021</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2022</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2023</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2024</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2025</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>2026</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>[*]</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">* After 2026, Buyer and Seller shall
evaluate the markets for [*] and [*] Products, and either extend the existing pricing regime, or negotiate a commercially acceptable
agreement with regard to sales of the Products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">For purposes of this Agreement, the term
&ldquo;<B><I>Customer Net Sales</I></B>&rdquo; means a customer&rsquo;s aggregate Product purchases in kilograms times (1) as applicable,
the Baseline Price ($/kg) (as shown on Exhibit B-2) or, (2) as applicable, the price per kilogram paid by the customer for such
Product, <I>less</I>, in either case, the amount of any returns and credits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><B>Schedule C:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">The price paid to Seller for sales of
any new products (i.e. products that are not in circulation as of the date of this Agreement) to any customer (both Existing Customers
and new customers shall equal [*] ([*]) times Seller&rsquo;s cost of goods sold for any such products.<B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 16pt">Portions of this Exhibit have been redacted pursuant to a
request for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934.
Omitted information, marked &ldquo;[*]&rdquo; in this Exhibit, has been filed separately with the Securities and Exchange Commission
together with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>EXHIBIT B-2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>EXISTING CUSTOMERS AND PRODUCT COMBINATIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 7%; border: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>Product Series</B></FONT></TD>
    <TD STYLE="width: 37%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>Customer</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>Product</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>Baseline Price ($/kg)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>Baseline</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Annual</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Usage (kg)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>Annual</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Baseline</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Sales ($)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt"><B>Average</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Days to</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Payment</B></FONT></TD></TR>
<TR>
    <TD ROWSPAN="10" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; padding-left: 6.6pt; layout-grid-mode: line"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">NanoArc [*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; padding-left: 6.6pt; layout-grid-mode: line"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">NanoArc [*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; padding-left: 6.6pt; layout-grid-mode: line"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">NanoArc [*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; padding-left: 6.6pt; layout-grid-mode: line"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">NanoArc [*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; padding-left: 6.6pt; layout-grid-mode: line"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">NanoArc [*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; padding-left: 6.6pt; layout-grid-mode: line"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">NanoArc [*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; padding-left: 6.6pt; layout-grid-mode: line"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">NanoArc [*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; padding-left: 6.6pt; layout-grid-mode: line"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">NanoArc [*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD></TR>
<TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; padding-left: 6.6pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">Subtotal</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; padding-left: 6.6pt; layout-grid-mode: line"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">NanoArc [*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; padding-left: 6.6pt; layout-grid-mode: line"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">NanoTek [*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD></TR>
<TR>
    <TD STYLE="padding-bottom: 8pt; layout-grid-mode: line; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; layout-grid-mode: line; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">TOTAL</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-bottom: 8pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; layout-grid-mode: line; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 16pt">Portions of this Exhibit have been redacted pursuant to a
request for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934.
Omitted information, marked &ldquo;[*]&rdquo; in this Exhibit, has been filed separately with the Securities and Exchange Commission
together with such request for confidential treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT C</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Equipment</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>[*]</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">-&nbsp;&nbsp;[*]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">-&nbsp;&nbsp;Model #: [*]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">-&nbsp;&nbsp;Serial #: [*]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>[*]</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">-&nbsp;&nbsp;Model #: [*]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">-&nbsp;&nbsp;Serial #: [*]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>ex10-3.htm
<DESCRIPTION>TECHNOLOGY DEVELOPMENT AGREEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
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<BODY>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-weight: normal"><A HREF="nanx-8k_062917.htm">Nanophase
Technologies Corporation 8-K</A></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: right"><B>Exhibit 10.3</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center">TECHNOLOGY DEVELOPMENT AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">This Technology Development
Agreement (the &ldquo;Agreement&rdquo;) is effective as of June 27, 2016 (the &ldquo;Effective Date&rdquo;) by and between Eminess
Technologies, Inc., an Arizona corporation (&ldquo;Eminess&rdquo;), and Nanophase Technologies Corp., a Delaware corporation (&ldquo;Nanophase&rdquo;).</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center">RECITALS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Eminess is a manufacturer
of formulated liquid polishing formulations that contain abrasive particles. These abrasive particles are dispersed into liquid
polishing formulations to provide optimum performance and physical stability, which is achieved through the use of both physical
processes and chemical systems. In an effort to maintain a competitive advantage in the polishing markets, Eminess desires to sponsor
a research effort focused on expanding the available library of formulation technology to enhance Eminess&rsquo;s ability to disperse
particles and formulate stable liquid dispersions of particles suitable for polishing applications.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Nanophase is a manufacturer
of unique nanoparticles using its proprietary processes as well as formulated liquid dispersions of particles, including some that
may be suitable for polishing applications. Nanophase possesses sufficient expertise dispersing particles into stable liquid formulations
to enable them to perform the technology development contemplated by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">Eminess desires to
engage Nanophase to develop a new particle dispersion technology that Eminess can use to enhance and extend its existing product
line and strengthen its position to provide customers with advanced liquid polishing formulations and maintain a competitive advantage
in the applicable market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">The parties desire
to agree upon a process to transfer the Technology (as defined below) to Eminess upon development and to provide for the joint
ownership of the Technology by Eminess and Nanophase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, upon
the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>TERMS AND CONDITIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in"><U>Statement of Objective</U>.
The objective of the technology development contemplated by this Agreement is to develop effective chemical formulations along
with physical processes that enable the dispersion of particles into stable liquid formulations suitable for use in polishing applications
(the &ldquo;Technology&rdquo;). Stable particle dispersions are defined as liquid formulations that contain particles that are
free of agglomerates and are resistant to particle agglomeration during manufacture, storage, and use in polishing applications.
In addition, stable particle dispersions possess certain physical attributes that prevent hard settling of particles which cannot
be re-dispersed for use in polishing applications.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in"><U>Statement of Work</U>.
For a period of six-month following the Effective Date, Nanophase shall perform the following work:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in"><U>Stabilization
Mechanisms to be Investigated</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">Nanophase will investigate
particle stabilization systems that impart stability as set forth in Section 1 above, and selected from one of several mechanisms:
(1) electrostatic stabilization considering particle surface charge arising from the use of pH adjustment and appropriate counter-ionic
components, (2) steric stabilization with adsorbed molecular constituents ensuring liquid formulation compatibility, and (3) electrosteric
stabilization that is either a simple combination of electrostatic and steric stabilization or a stabilization with adsorbed or
particle surface modification through the use of reactive molecules or polyelectrolytes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">Some general examples
of chemical systems to explore will be through the use of polyethylene glycols, polyether type surfactants, other non-, cationic-,
and non-anionic-surfactants, co-polymer systems, electrolytes, and combinations thereof.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">Physical processes
will inherently be explored during the preparation of candidate formulations and may include low and high shear mixing via various
methods. It is expected that Nanophase will evaluate various physical means to aid in the physical dispersion of particles into
liquid formulations containing chemical additives and communicate the methods used in sample preparation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in"><U>Experimental Designs
and Instrumental Methods</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">Nanophase will perform
experiments that span the range from simple screening experiments, where chemical additives are added to liquid/particle mixtures
and evaluated for dispersion efficacy, to elaborate statistical design of experiments (a &ldquo;DOE&rdquo;) where many additives
and combinations of additives are evaluated for dispersion effectiveness providing the opportunity for optimization via analysis
of the DOE response surfaces in the appropriate software. For all experiments and responses will be selected to determine how effective
the chemical system(s) are dispersing particles into stable liquid formulations. The compiled data and associated analyses will
be made available to Eminess in context of the research effort.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">The determination
of particle dispersion effectiveness may be measured in many ways. The use of particle sizing instrumentation is an effective way
to determine the effectiveness of a particle dispersion formulation. Examples of such instrumentation may include ensemble methods
such as light scattering (laser diffraction, dynamic light scattering) or sedimentation, and non-ensemble methods such as single
particle optical sizing. Another way to measure particle stability is through zeta potential measurements. Nanonphase will perform
measurements using the aforementioned techniques and provide relevant data describing the dispersion effectiveness of the systems
explored, especially those that provide the clearest path to a stable liquid dispersion of particles suitable for polishing applications.
It should be noted that suitable measurements beyond formulation characterization should be investigated and such measurements
that will include performance tests via controlled polishing experiments. Measured responses from these tests will include material
removal rates, surface roughness measurements, and will also monitor the formulation characteristics as a function of polishing
time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in"><U>Reports and Documentation</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">Technical data and
written information on the research findings, including, but not limited to, research reports and all technical data and information
on designs, calculations, drawings, manufacturing processes, experiments, measurement and tests associated with dispersing particles
into stable liquid dispersions will be provided to Eminess. This includes experimental designs including screening, linear, or
factorial along with associated analyses and findings. Clear identification of the chemical components (molecular formula, IUPAC
name, trade name, or CAS number) and their sources is required for successful communication of research findings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in"><U>Warranties</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">With respect to the
services provided in this Agreement, Nanophase warrants in connection with such services, it will not use any ingredients that
are known by Nanophase to be carcinogenic, mutagenic, or teratogenic. Only standard chemical hygiene practices and personal protective
equipment are recommended for producing and/or handling such products, as defined in the product SDSs. Based on Nanophase&rsquo;s
current knowledge, the acids and bases that are used to adjust such products&rsquo; pH represent the most significant health and
safety risk, which at the concentrations used, do not pose an extreme hazard. None of the waste streams from the manufacture of
such products is currently classified/regulated as hazardous materials. Spent slurry from such products&rsquo; use may or may not
be deemed as hazardous materials depending on the composition of the substrates being polished, and need to be assessed on an individual
basis by the entities involved in those activities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Work
Fees</U>. For the research and development of the Technology as contemplated by this Agreement, Eminess shall pay to Nanophase
a research and development fee of $250,000. Eminess shall pay work fees within ten (10) days following the commencement of the
Technology Transfer contemplated by Section 5 below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in"><U>Ownership and Use
of the Technology</U>. Subject to other express provisions of this Agreement, Eminess and Nanophase will jointly own all Technology.
Neither party acquires any rights, either express or implied, under any Background IP of the other unless expressly stated in this
Agreement or another written agreement signed by authorized representatives of each of the parties. To the extent that any Background
IP of Nanophase is incorporated into the Technology, Nanophase grants Eminess a nonexclusive, royalty-free, perpetual license to
such Background IP solely in connection with the Technology. &ldquo;Background IP&rdquo; means intellectual property owned, created,
conceived, or first reduced to practice by a party or its employees, affiliates, or independent contractors: (i) prior to the Effective
Date, or (ii) after the Effective Date, through such party&rsquo;s efforts independent of the activities covered by this Agreement.
Each party shall have the right to use and exploit the Technology, subject to the restrictions and provisions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in"><U>Transfer of Technology</U>.
Eminess and Nanophase shall cooperate, in good faith, to cause the transfer of all Technology to Eminess in accordance with the
process and procedure set forth on <B>Exhibit A</B>. Such transfer shall be completed no later than sixty (60) days after the execution
date of this agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in"><U>Confidentiality</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in">Eminess and Nanophase
shall keep secret and confidential and not disclose or use for any commercial purpose all information and data relating to (i)
the other party&rsquo;s business, including but not limited to its intellectual property; (ii) the terms of this Agreement; or
(iii) the Technology, including but not limited to specifications, processes, methods, formulas, production schedules and costs,
experience, and any know-how.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in">The confidentiality
obligations of the non-disclosing party set forth in subsection (a) above shall not apply to any information that (i) must be disclosed
to comply with any other governmental rules or regulations; (iii) was lawfully in the possession of the non-disclosing party prior
to disclosure from the disclosing party; (iv) was available to the public at the time of disclosure by the disclosing party or
subsequently became available to the public through no fault of the non-disclosing party; (v) becomes available to the non-disclosing
party subsequent to the disclosure from the disclosing party from a third party who is under no confidentiality obligation to the
disclosing party; (vi) is required to be disclosed by the non-disclosing party pursuant to court order or legal process provided
that the non-disclosing party shall give the disclosing party notice of such process and use its best efforts to afford the disclosing
party the opportunity at disclosing party&rsquo;s expense to seek to quash or restrain such disclosure; or (vii) was or is independently
developed by the non-disclosing party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in"><U>Independent Contractor</U>.
Eminess and Nanophase are and will at all times remain independent contractors. Neither party shall hold itself out as an employee,
agent or partner of the other party. Each party agrees to provide all worker benefits and insurance coverage for all its employees
or agents as required by law and agrees to hold harmless and indemnify the other party for any and all claims arising out of any
injury, disability or death of such party&rsquo;s employees or agents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 0.5in">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in"><U>Force Majeure</U>.
The parties hereto shall not be liable for failure of performance hereunder if such failure is occasioned by war, riot, rebellion,
invasion, terrorist act, earthquake, storm, fire, flood, acts of God, interruption of transportation, embargo, explosion, inability
to procure or shortage of supply of materials, governmental orders and restrictions, strike, lockout, or other labor troubles,
or any other cause beyond the control of the parties hereto. Any party invoking Force Majeure shall notify the other party as soon
as possible thereof and provide appropriate information on presumed cause and duration of the Force Majeure situation. The parties
shall cooperate to minimize the adverse effects of Force Majeure on their performance of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt 31.5pt; text-align: justify; text-indent: 0in">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 31.5pt; text-align: justify; text-indent: 0.5in"><U>Miscellaneous</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in"><U>Governing Law</U>.
This Agreement shall be governed and construed under the laws of the State of Arizona without regard to conflicts of laws provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in"><U>Jurisdiction</U>.
Any dispute relating to this Agreement shall be brought in the state or federal courts in Maricopa County, Arizona. By execution
and delivery of this Agreement, with respect to such disputes, each of the parties knowingly, voluntarily and irrevocably to the
exclusive jurisdiction of these courts.&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in"><U>Entire Agreement</U>.
This Agreement constitutes and expresses the entire agreement and understanding between the parties hereto with respect to the
subject matter, all revisions discussions, promises, representation, and understanding relative thereto, if any, being herein merged.
This Agreement shall be binding upon and inure solely to the benefit of the parties hereto and their permitted assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in"><U>Counterparts</U>.
This Agreement may be executed in two or more original or facsimile counterparts (including via facsimile or portable document
[PDF] format), each of which shall be deemed an original and all of which together shall constitute but one and the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in"><U>Severability</U>.
If any provision of this Agreement shall be invalid, illegal or unenforceable, it shall, to the extent possible, be modified in
such manner as to be valid, legal and enforceable but so as most nearly to retain the intent of the parties. If such modification
is not possible, such provision shall be severed from this Agreement. In either case the validity, legality and enforceability
of the remaining provisions of this Agreement shall not in any way be affected or impaired thereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in"><U>Waiver</U>. No
delay of or omission in the exercise of any right, power or remedy accruing to any party as a result of any breach or default by
any other party under this Agreement shall impair any such right, power or remedy, nor shall it be construed as a waiver of or
acquiescence in any such breach or default, or of or in any similar breach or default occurring later. No waiver of any single
breach or default shall be deemed a waiver of any other breach or default occurring before or after that waiver. No term, covenant
or condition of this Agreement shall be deemed to have been waived unless such waiver is in writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 1.5in"><U>Assignment</U>.
Neither this Agreement nor any claim arising directly or indirectly out of or in connection with the performance of either party
shall be assigned by either party hereto without the prior written consent of the other party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 -11pt; text-align: justify; text-indent: 1in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in"><U>Notices</U>. Any notice,
communication or invoice required or permitted to be given under this Agreement shall be in writing, unless the parties agree in
writing to the contrary and shall be deemed sufficiently given when delivered in person or transmitted by facsimile (confirmed
by registered or certified mail) or when deposited in the United States mail, registered or certified, postage prepaid, addressed
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1in; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 45%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Eminess Technologies, Inc.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">7272 East Indian School Road</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Suite 350</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Scottsdale, AZ 85251</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Attn: Dan Koharko</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Nanophase Technologies Corp.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">1319 Marquette Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Romeoville, IL 60446</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Attn: Jess Jankowski</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">or to such other address as may be specified
from time to time in a written notice given by such party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><I>[signature on following page]</I></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF,
the parties have caused this Agreement to be executed in duplicate by their duly authorized representatives as of the date first
above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><B>Eminess Technologies, Inc.</B></FONT><FONT STYLE="font-size: 10pt">, </FONT><BR>
<FONT STYLE="font-size: 10pt">an Arizona corporation&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: justify"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 32%; text-align: justify; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/&nbsp;&nbsp;Daniel N. Koharko</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Daniel N. Koharko</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">President/CEO</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; font-variant: small-caps"><B>Nanophase Technologies Corp.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">a Delaware corporation</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="text-align: justify; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/&nbsp;&nbsp;Jess Jankowski</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Jess Jankowski</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">President and CEO</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B><U>EXHIBIT A </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 13%; padding-bottom: 8pt"><FONT STYLE="font-size: 10pt"><B>ID </B></FONT></TD>
    <TD STYLE="width: 87%; padding-bottom: 8pt"><FONT STYLE="font-size: 10pt"><B>Task Name </B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">1 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">NTC Dispersion Technology Transfer to ETI </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">2 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Initial discussion: ETI &amp; NTC Leads </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">3 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Agree on transfer concept and timeline </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">4 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Clearly scope deliverables&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">5 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">NTC provide ETI with relevant documentation&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">6 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">NTC slurry product specific development reports&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">7 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Relevant project updates&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">8 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Other documents TBD&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">9 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Iterative Interviewing (remote &amp; on<FONT STYLE="font-family: Times New Roman, Times, Serif">&#45;</FONT>site)&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">10 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Interview: ETI &amp; NTC Tech Leads&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">11 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Provide summary to ETI team&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">12 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">ID follow up items, send to NTC allow time for reply&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">13 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Interview: ETI &amp; NTC Tech Leads (if required)&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">14</FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">&nbsp;Provide summary to ETI team&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">15 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">ID follow up items, send to NTC allow time for reply </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">16 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">ETI &amp; NTC Broader Meeting&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">17 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Provide summary to ETI team&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">18 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">ID follow up items, send to NTC allow time for reply&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">19 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Lab Day(s)&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">20 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Example dispersion experiments demonstrated @ NTC&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">21 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Data analysis and review </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">22 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Review &amp; Documentation </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">23 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Close outstanding items&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">24 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">ETI report&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">25 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Framework designed for future interactions&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">26 </FONT></TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">Transfer acceptance confirmation </FONT></TD></TR>
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<DESCRIPTION>PRESS RELEASE
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<P STYLE="margin: 0"><A HREF="nanx-8k_062917.htm">Nanophase Technologies Corporation 8-K</A></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">COMPANY CONTACT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Frank Cesario</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Investor Relations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">630-771-6705</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Nanophase Announces Strategic Collaboration</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: center"><I>This transaction will impact
advanced materials in the surface finishing technologies space</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Romeoville, IL, - June 29, 2017 -</B>
Nanophase Technologies Corporation (OTCQB: NANX), a technology leader in nanomaterials and advanced nanoengineered products, today
reported the execution of development, manufacturing and distribution agreements with Eminess Technologies, Inc., a premier manufacturer
and distributor of products for polishing of critical surfaces, to enhance their mutual positions in supplying advanced material
solutions to the surface finishing marketplace.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;Our companies have known each other
for quite some time. We expect this relationship to extend the reach of our products to a broader market, allow for a higher degree
of focus on customer support in polishing and surface finishing areas where Eminess is more deeply established than Nanophase,
and also to foster the development of new markets and products that are squarely within the Eminess strategic focus. We believe
that our material solutions will offer Eminess a market advantage, while allowing Nanophase to quickly deepen a successful supply
position in those markets,&rdquo; stated Nanophase CEO, Jess Jankowski. Dan Koharko, CEO of Eminess added, &ldquo;These agreements
enhance our ability to deliver the technology to our customers who require advanced materials and application knowledge to produce
their critical, next generation products. Our quick, efficient development, manufacturing, and supply chain ensures that current
and future world-class Nanophase particle technology is accessible to all that would benefit from it.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;Eminess will begin to manufacture
selected Nanophase product lines, and exclusively distribute others. Included in these arrangements, the companies will implement
a royalty agreement for certain future sales, along with certain minimum revenue volumes to ensure ongoing benefit for both organizations
while we work together to best serve customers in this market,&rdquo; said Jankowski.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;In terms of our transition, the
shared goal of Nanophase and Eminess is to have all the commercial and organizational coordination completed in time for the Optifab
2017 exhibition to be held in Rochester, New York, beginning October 16<SUP>th</SUP> of this year.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Jankowski continued, &ldquo;This collaboration
reflects another step in executing the Nanophase strategy of focusing our business development resources on the continued rollout
of our new fully formulated personal care, and solar-control solutions, while allowing us to remain engaged and continuing to profit
from our well-proven capabilities in the surface finishing marketplace.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>About Nanophase Technologies</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Nanophase Technologies Corporation (NANX),
www.nanophase.com, is a leader in nanomaterials technologies and provides nanoengineered solutions for multiple industrial product
applications. Using a platform of patented and proprietary integrated nanomaterial technologies, the Company creates products with
unique performance attributes from two ISO 9001:2008 and ISO 14001 facilities. Nanophase delivers commercial quantity and quality
nanoparticles, coated nanoparticles, and nanoparticle dispersions in a variety of media.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Forward-Looking Statements</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>This
press release contains words such as &ldquo;expects,&rdquo; &rdquo;shall,&rdquo; &ldquo;will,&rdquo; &ldquo;believes,&rdquo; and
similar expressions that are intended to identify forward-looking statements within the meaning of the Safe Harbor Provisions of
the Private Securities Litigation Reform Act of 1995. Such statements in this announcement are made based on the Company&rsquo;s
current beliefs, known events and circumstances at the time of publication, and as such, are subject in the future to unforeseen
risks and uncertainties that could cause the Company&rsquo;s results of operations, performance and achievements to differ materially
from current expectations expressed in, or implied by, these forward-looking statements. These risks and uncertainties include,
without limitation, the following: the Company&rsquo;s ability to be consistently profitable despite the losses it has incurred
since its incorporation; a decision by a customer to cancel a purchase order or supply agreement in light of the Company&rsquo;s
dependence on a limited number of key customers; the terms of the Company&rsquo;s supply agreements with BASF Corporation, which
could trigger a requirement to transfer technology and/or sell equipment to that customer; the Company&rsquo;s potential inability
to obtain working capital when needed on acceptable terms or at all; the Company&rsquo;s ability to obtain materials at costs it
can pass through to its customers, including Rare Earth elements, specifically cerium oxide, as well as high purity zinc;</I></FONT>&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif"><I>uncertain
demand for, and acceptance of, the Company&rsquo;s nanocrystalline materials; the Company&rsquo;s manufacturing capacity and product
mix flexibility in light of customer demand; the Company&rsquo;s limited marketing experience; changes in development and distribution
relationships; the impact of competitive products and technologies; the Company&rsquo;s dependence on patents and protection of
proprietary information; the resolution of litigation or other legal proceedings in which the Company may become involved; the
impact of any potential new government regulations that could be difficult to respond to or too costly to comply with while remaining
financially viable; the ability of the Company to maintain an appropriate electronic trading venue for its securities; and other
factors described in the Company&rsquo;s Form 10-K filed March 29, 2017. In addition, the Company&rsquo;s forward-looking statements
could be affected by general industry and market conditions and growth rates. Except as required by federal securities laws, the
Company undertakes no obligation to update or revise these forward-looking statements to reflect new events, uncertainties or other
contingencies.</I></FONT></P>

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