-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 IQaGiBQNYvZ1/mjr0UCTeSwWu/ggoKuRSnCvNRnBCBds57OXTB7sFMdCrDRSZMo5
 8snI9lqQXpy7w5Bcqhq71A==

<SEC-DOCUMENT>0000793524-08-000002.txt : 20080305
<SEC-HEADER>0000793524-08-000002.hdr.sgml : 20080305
<ACCEPTANCE-DATETIME>20080305082228
ACCESSION NUMBER:		0000793524-08-000002
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20080304
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20080305
DATE AS OF CHANGE:		20080305

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RESEARCH FRONTIERS INC
		CENTRAL INDEX KEY:			0000793524
		STANDARD INDUSTRIAL CLASSIFICATION:	PATENT OWNERS & LESSORS [6794]
		IRS NUMBER:				112103466
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09399
		FILM NUMBER:		08666126

	BUSINESS ADDRESS:	
		STREET 1:		240 CROSSWAYS PARK DR
		CITY:			WOODBURY
		STATE:			NY
		ZIP:			11797-2033
		BUSINESS PHONE:		5163641902

	MAIL ADDRESS:	
		STREET 1:		240 CROSSWAYS PARK DR
		CITY:			WOODBURY
		STATE:			NY
		ZIP:			11797-2033
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8krfi-gkn.txt
<DESCRIPTION>RESEARCH FRONTIERS CURRENT REPORT ON FORM 8-K DATED MARCH 5, 2008
<TEXT>
=====================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                             ----------------------

                                    FORM 8-K

                             ----------------------

                                 CURRENT REPORT

                         PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

        DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): March 3, 2008

                             ----------------------

                        RESEARCH FRONTIERS INCORPORATED
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

          DELAWARE                      1-9399               11-2103466
(STATE OR OTHER JURISDICTION    (COMMISSION FILE NUMBER)   (IRS EMPLOYER
     OF INCORPORATION)                                      IDENTIFICATION NO.)

                            240 CROSSWAYS PARK DRIVE
                          WOODBURY, NEW YORK 11797-2033
              (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES AND ZIP CODE)

       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (516) 364-1902

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 (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))

=====================================================================

Item 1.01. Entry into a Material Definitive Agreement.


On March 3, 2008, Research Frontiers Incorporated and GKN Aerospace Transparency
Systems Inc. ("GKN") announced that GKN Aerospace Transparency Systems Inc.
acquired a non-exclusive worldwide license from Research Frontiers to make
SPD-Smart(tm) armored glass for transportation vehicles.

The worldwide license provides for a 10-15% royalty payable to Research
Frontiers on sales of licensed products.Other license provisions,including fees
and minimum annual royalties payable to Research Frontiers, were not disclosed.

The foregoing description of the license agreement with GKN Aerospace
Transparency Systems Inc. does not purport to be complete and is qualified in
its entirety by reference to the License Agreement, a copy of which is attached
as Exhibit 10.49 to this Current Report on Form 8-K and incorporated herein by
reference.


Item 9.01. Financial Statements and Exhibits.

(c)  Exhibits.

10.49 License Agreement effective as of February 21, 2008 between
Research Frontiers Incorporated and GKN Aerospace Transparency Systems Inc.
filed herewith with portions of this document omitted pursuant to the
Registrant's request for confidential treatment and filed separately with the
Securities and Exchange Commission, and incorporated herein by reference.

99.1 Research Frontiers and GKN Press Release dated March 3, 2008

                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                          RESEARCH FRONTIERS INCORPORATED

Dated: March 3, 2008

                                          /s/ Joseph M. Harary
                                          ---------------------------
                                          By: Joseph M. Harary
                                          Title: President
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>ex1049.txt
<DESCRIPTION>LICENSE AGREEMENT EFFECTIVE FEBRUARY 21, 2008 BETWEEN RESEARCH FRONTIERS AND GKN AEROSPACE TRANSPARENCY SYSTEMS INC.
<TEXT>
[EXHIBIT 10.49- Certain portions of this document have been
omitted in the publicly filed version of this document  pursuant
to the Registrant's request for confidential treatment and filed
separately with the Securities and Exchange Commission.
Omitted confidential information is indicated in brackets
in this Exhibit.]


           SPD-SMART WINDOW LICENSE AGREEMENT
                        BETWEEN
            RESEARCH FRONTIERS INCORPORATED
                          AND
         GKN AEROSPACE TRANSPARENCY SYSTEMS INC.

	This License Agreement ("Agreement") effective as of
February 21, 2008 by and between RESEARCH FRONTIERS
INCORPORATED, a Delaware corporation ("LICENSOR") and
GKN AEROSPACE TRANSPARENCY SYSTEMS INC., a
California corporation ("LICENSEE").

RECITALS

	WHEREAS, LICENSOR has been engaged in research and
development in the application of physicochemical concepts to
Light Valves and Licensed Products (both as hereinafter
defined) and of methods and apparatus relating to products
incorporating such concepts; and is possessed of and can convey
information and know-how for such products and rights to
manufacture, use and sell such products; and

	WHEREAS, LICENSEE is interested in manufacturing and
selling Licensed Products; and

	WHEREAS, LICENSEE desires to acquire from
LICENSOR, and LICENSOR desires to grant to LICENSEE,
certain rights and licenses with respect to such technology of
LICENSOR;

	NOW, THEREFORE, in consideration of the premises and
the mutual covenants herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows.

1	DEFINITIONS.

        The following terms when used herein shall have the
respective meanings set forth in this Article 1.

The "Effective Date" of this Agreement shall be the date which
is the last date of formal execution of this Agreement by duly
authorized representatives of the parties to this Agreement as
indicated on the signature page of this Agreement.

"Licensed Product" means only a Light Valve Transportation
Vehicle Window Product incorporating a Light Valve. The term
"Licensed Product" shall not include Light Valves used or
intended for use in any product other than as specifically defined
herein, such as but not limited to, other window products not
specifically defined herein, such as, but not limited to, Light
Valve Architectural Window Products, window products for
vehicles not specifically included in the definition of Light
Valve Transportation Vehicle Window Product, and non-
window products such as but not limited to displays, eyewear,
sunvisors, toys, mirrors or filters for scientific instruments,
lamps or contrast enhancement of displays. Notwithstanding the
foregoing, a sunvisor which is integrated within the LightValve
Transportation Vehicle Window Product inside of the glass or
plastic shall be included within the definition of "Licensed
Product." The term "display" means any device for displaying
letters, numbers, images or other indicia or patterns. Nothing
contained herein shall permit LICENSEE to sell, lease, or
otherwise dispose of a Light Valve which is not incorporated or
intended to be incorporated as described above into a Light
Valve Transportation Vehicle Window Product.

"Licensed Territory" means all countries of the world.

"Light Valve" means a variable light transmission device
comprising: a cell including cell walls, containing or adapted to
contain an activatable material, described hereinafter, such that a
change in the optical characteristics of the activatable material
affects the characteristics of light absorbed by, transmitted
through and/or reflected from the cell; means incorporated in or
on the cell, or separate therefrom for applying an electric or
magnetic field to the activatable material within the cell; and
coatings (including, but not limited to, electrodes), spacers, seals,
electrical and/or electronic components, and other elements
incorporated in or on or combined with the cell.  The activatable
material, which the cell contains or is adapted to contain,
includes in it solid suspended particles, which when subjected to
a suitable electric or magnetic field, orient to produce a change
in the optical characteristics of the device, and may be in the
form of a liquid suspension, gel, film or other material.

"Light Valve Architectural Window Product" means a Light
Valve used or intended for use solely as a window integrally
incorporated in, or attached as a fixture to the external structure
or internal structure of any building, whether permanent or
temporary, and whether above or below ground.

"Light Valve Transportation Vehicle Window Product" means a
Light Valve used or intended for use as a bullet-resistant or
otherwise armored window (including sunroofs, windshields,
and side and rear window panes which are an integral part of the
internal or external structure) integrally incorporated in a
military or civilian transportation vehicle. The term "Light
Valve Transportation Vehicle Window Product" shall not
include a Light Valve used or intended for use as a sunvisor, but
may include Light Valves which are used or intended for use in
a military or civilian transportation vehicle as, or as part of, or
are laminated to, or the surface area of which is primarily
attached to, a window, sunroof or windshield. The term
"transportation vehicle" shall mean passenger cars, recreational
vehicles, trucks, mobile cranes, trains, armored personnel
carriers, tanks, amphibious vehicles, and warships but shall not
include other types of vehicles such as aircraft, boats (other than
amphibious vehicles and warships), spacecraft and space
stations.

The "Net Selling Price" of a Licensed Product on which
royalties are payable shall be the larger of the following: (A) the
genuine selling price of LICENSEE and its sublicensees
hereunder (including amounts charged for any wiring,
installation, and related services provided by LICENSEE and its
sublicensees hereunder) f.o.b. factory at which nonaffiliated
customers are billed in the usual course of business for a
Licensed Product, as packed for shipment to the customer; and
(B) $300 per window. The aforementioned $300 figure specified
in clause (B) above shall be adjusted upward as of each January
1st hereafter beginning on January 1, 2009 by any increase in the
Producer Price Index for Finished Goods (the "Index") for the
12 month period ending in December of the prior year, prepared
by the Bureau of Labor Statistics of the United States
Department of Labor (or if the Index is not then being published,
the most nearly comparable successor index).  In calculating a
genuine selling price of a product for the above calculation, such
price may be reduced only by the applicable proportions of the
following if, and to the extent that, amounts in respect thereof
are reflected in such selling price: (i) normal trade discounts
actually allowed; (ii) sales, use or excise and added value taxes
and custom duties paid; (iii) if the genuine selling price is other
than f.o.b. factory, amounts paid for f.o.b. transportation of the
product to the customer's premises or place of installation or
delivery; (iv) insurance costs and the costs of packing material,
boxes, cartons and crates required for shipping; provided,
however, that for purposes of this calculation, the genuine
selling price of a product may not be less than 90% of the gross
selling price of said product after all deductions therefrom, if
any.  If a product is leased, sold, used or otherwise disposed of
on terms not involving a bona fide arm's length sale to an
unaffiliated third party, then the Net Selling Price for such
transactions shall be deemed to be the Net Selling Price as
defined above for identical products sold to a nonaffiliated
customer nearest to the date of such lease, sale, use, or other
disposition.

"Technical Information" means all useful information relating to
apparatus, methods, processes, practices, formulas, techniques,
procedures, patterns, ingredients, designs and the like including
(by way of example) drawings, written recitations of data,
specifications, parts, lists, assembly procedures, operating and
maintenance manuals, test and other technical reports, know-
how of LICENSOR, and the like owned or controlled by
LICENSOR, to the extent they exist, that relate to Light Valves,
Licensed Products and/or to the suspensions or other
components used or usable for Licensed Products or Light
Valves including, but not limited to, particles, particle
precursors, coatings, polymers, liquid suspensions and
suspending liquids, electronics and electronic systems,
lamination procedures or any combination thereof, and that
consist of concepts invented or developed by LICENSOR.
Know-how of LICENSOR's suppliers and of LICENSOR's
other licensees and their sublicensees under licenses from
LICENSOR shall not be considered Technical Information
owned or controlled by LICENSOR.

2	GRANT OF LICENSE.

	2.1  License.  During the term of this Agreement,
LICENSOR hereby grants LICENSEE a non-exclusive right and
license to use (a) all of the Technical Information, if any,
(subject to Section 8.1 hereof), furnished by LICENSOR
pursuant to this Agreement, and (b) any invention claimed in (i)
any of the unexpired patents now or hereafter listed on Schedule
A attached hereto or (ii) unexpired patents which issue from
pending patent applications now or hereafter listed in Schedule
A, and any continuations, continuations-in-part, divisions,
reissues, reexaminations, or extensions thereof to make, have
made, and to lease, sell, or otherwise dispose of Licensed
Products in the Licensed Territory. Notwithstanding anything
contained herein or in Schedule A hereto to the contrary, no
rights or licenses shall be granted hereunder with respect to any
new particle (other than LICENSOR's current polyiodide
crystal) now or hereafter under development or invented by or
for LICENSOR or comprising part of the activatable material of
a Light Valve emulsion or film sold or for sale by any other
licensee of LICENSOR.

	2.2   No Other Rights.  LICENSEE agrees that, except for
the specific licenses granted to it under Section 2.1 hereof for
use in Licensed Products, LICENSEE has not acquired any
rights or licenses under this Agreement to use Light Valves or
any components thereof made by or for LICENSEE or its
sublicensees pursuant to this Agreement.

	2.3  Sublicenses.  LICENSEE shall have the right to grant
non-exclusive sublicenses to any of its wholly-owned and
controlled subsidiaries, whose obligations to LICENSOR
hereunder LICENSEE hereby guarantees, and each of which
acknowledges to LICENSOR in writing for each sublicense that
it wishes to become a sublicensee hereunder prior to doing so
and agrees to be bound by the terms and conditions of this
Agreement. All sublicenses shall (i) be non-exclusive, (ii) shall
terminate with the termination of the rights and licenses granted
to LICENSEE under Section 2.1 hereof, and be otherwise
limited in accordance with the limitations and restrictions which
are imposed on the rights and licenses granted to LICENSEE
hereunder, (iii) contain confidentiality provisions no less
protective than those contained in Section 12.1 hereof, and (iv)
shall contain such other terms, conditions, and licenses as are
necessary to enable LICENSEE to fulfill its obligations
hereunder. LICENSEE shall send LICENSOR a copy of every
sublicense agreement or other agreement entered into by
LICENSEE in connection with a sublicense hereunder within
thirty (30) days of the execution thereof and shall also notify
LICENSOR prior to any change in ownership in a sublicensee.
LICENSOR may terminate any such sublicense if there is any
change in the ownership or control of a sublicensee.

3 	ROYALTY PAYMENTS, REPORTS AND RECORD-
KEEPING.

	3.1 Royalties and Reports on Net Sales.  During the term of
this Agreement, LICENSEE agrees to pay LICENSOR an
earned royalty which shall be ten percent (10%) of the Net
Selling Price of Licensed Products which embody, or the
manufacture of which utilizes, any of the rights granted under
Section 2.1 hereof, and which are manufactured by or for
LICENSEE and sold, leased, used or otherwise disposed of by
or for LICENSEE or a permitted sublicensee.  Payments under
this Section 3.1 shall be made on a monthly basis and made
within 10 days after the end of the calendar month in which such
Licensed Products were sold, leased, used or otherwise disposed
of by or for LICENSEE or a permitted sublicensee hereunder.
Each royalty payment shall be in U.S. dollars and shall be
accompanied by a statement by LICENSEE showing in
reasonable detail the amount of Licensed Products sold, used,
leased or otherwise disposed of by or for LICENSEE and its
sublicensees during the preceding month, any deductions taken
or credits applied, and the currency exchange rate used to report
sales made in currencies other than U.S. dollars.  LICENSEE
shall use the exchange rates for buying U.S. dollars in effect on
the last day of each month, as specified in The New York Times.
The first such statement shall cover the period from the
Effective Date of this Agreement to the end of the first calendar
month in which a Licensed Product is sold, used, leased or
otherwise disposed of by or for LICENSEE or its sublicensees.
In addition, LICENSEE shall provide LICENSOR with monthly
reports of its activities involving the development of Licensed
Products.  LICENSEE shall also furnish to LICENSOR at the
same time it becomes available to any third party, a copy of each
brochure, price list, advertisement or other marketing and
promotional materials prepared, published or distributed by
LICENSEE or its sublicensees relating to Licensed Products.
LICENSOR shall have the right, but not the obligation, to
approve any use by LICENSEE of LICENSOR's name, logo, or
other information about Licensed Products, and to require the
correction of any inaccurate information.

	3.2  Minimum Royalties - Regardless of whether
LICENSEE is selling any Licensed Products, during the term of
this Agreement LICENSEE agrees to pay LICENSOR an initial
fee of [Confidential Information Omitted and filed separately
with the Securities and Exchange Commission] upon signing of
this License Agreement and the non-refundable minimum royalties
(in U.S. Dollars) specified below for each of the stated periods:

Period				Minimum Royalty

[Confidential Information Omitted and filed separately with the
Securities and Exchange Commission]

	3.3 Time and Method of Payment. The initial fee and
payment for the first minimum annual royalty payment under
Section 3.2 shall be paid to LICENSOR within 10 days of the
Effective Date of this Agreement, and each subsequent payment
under Section 3.2 to LICENSOR shall be made on or before
January 31 of each license year commencing January 1, 2009.
All other payments shall be due on the date specified in this
Agreement, or if no date is specified, within 30 days of invoice.
All payments that remain unpaid past their due date shall bear
interest at an annual rate equal to the lesser of 25% or the
maximum interest rate permitted by law. All payments made to
LICENSOR shall be paid by wire transfer of immediately
available funds to the account of Research Frontiers
Incorporated at Chase Manhattan Bank, 6040 Tarbell Road,
Syracuse, New York 13206, Account No.: 825-624-290, ABA
Wire Code No.: 021 000 021, or to such other account or place,
as LICENSOR may specify in a notice to LICENSEE.

	3.4 Sales, Use and Returns.  Licensed Products shall be
considered as sold, leased or used and royalties shall accrue on
the earlier of when such Licensed Products are billed out, or
when delivered, shipped or mailed to the customer.  If as a result
of a price reduction or a return of Licensed Products previously
sold, a credit or refund to a customer is given on part or all of
the sale price of such Licensed Products, a credit shall be
allowed against royalties accruing thereafter under this
Agreement equal to the royalty paid on that part of the sales
price so credited or refunded.

	3.5  Recordkeeping.    LICENSEE shall keep and shall
cause each sublicensee to keep for six (6) years after the date of
submission of each statement supported thereby, true and
accurate records, files and books of accounts that relate to
Licensed Products, all data reasonably required for the full
computation and verification of the Net Selling Price of
Licensed Products, deductions therefrom and royalties to be paid,
as well as the other information to be given in the statements
herein provided for, and shall permit LICENSOR or its duly
authorized representatives, upon reasonable notice, adequately
to inspect the same at any time during usual business hours.
LICENSOR and LICENSEE agree that an independent certified
public accounting firm (selected by LICENSOR from the largest
ten certified public accounting firms in the United States of
America, or any country in the Licensed Territory) may audit
such records, files and books of accounts to determine the
accuracy of the statements given by LICENSEE pursuant to
Section 3.1 hereof.  Such an audit shall be made upon
reasonable advance notice to LICENSEE and during usual
business hours no more frequently than annually.  The cost of
the audit shall be borne by LICENSOR, unless the audit shall
disclose a material breach by LICENSEE of any term of this
Agreement, or an underpayment error in excess of two percent
of the total monies paid to LICENSOR by LICENSEE during
the audited period, in which case LICENSEE shall bear the full
cost of such audit.  LICENSEE agrees to pay LICENSOR all
additional monies that are disclosed by the audit to be due and
owing to LICENSOR within thirty days of the receipt of the
report.

	3.6 Customer Referrals.  Although LICENSOR is under no
obligation to do so, LICENSOR may from time to time refer
customers to LICENSEE. In the event that such customer
purchases, leases or rents products or services from LICENSEE
other than a Licensed Product upon which a royalty is paid by
LICENSEE to LICENSOR, LICENSEE shall include the details
of such transaction in its next monthly report under Section 3.5
hereof, and shall pay LICENSOR a sales commission equal to
ten percent (10%) of the amount received from such customer
for which a royalty under Section 3.1 hereof is not paid. No such
payment shall be due from LICENSEE to LICENSOR if the
referred customer was already a customer of LICENSEE prior to
the date of referral by LICENSOR and LICENSEE informs
LICENSOR of such fact at the time that the referral by
LICENSOR is made.

[Confidential Information Omitted and filed separately
with the Securities and Exchange Commission]

4	OBLIGATIONS OF LICENSEE.

	4.1 Compliance.  LICENSEE agrees that, without
limitation, any manufacture, sale, lease, use or other disposition
of Licensed Products that is not in strict accordance with the
provisions of this Agreement shall be deemed a material breach
of this Agreement.

	4.2  End Users.  LICENSEE agrees to require all direct
recipients of Licensed Products to whom Licensed Products are
sold, leased, or otherwise disposed of by LICENSEE or its
sublicensees, to look only to LICENSEE and not to LICENSOR
or its affiliates for any claims, warranties, or liability relating to
such Licensed Products.  LICENSEE agrees to take all steps to
reasonably assure itself that Licensed Products sold, leased or
otherwise disposed of by or for LICENSEE is being used for
permitted purposes only.

	4.3 Laws and Regulations.  LICENSEE agrees that it shall
be solely responsible for complying with all laws and
regulations affecting the manufacture, use and sale or other
disposition of Licensed Products by LICENSEE and its
sublicensees, and for obtaining all approvals necessary from
governmental agencies and other entities.  LICENSEE agrees to
maintain a file of all such approvals and to send LICENSOR a
copy of all such approvals (including English translations
thereof in the case of approvals required by any foreign country)
within 10 business days of any written request for such copies
by LICENSOR. If providing LICENSOR with any such
approval would violate the terms of any secrecy agreement
between LICENSEE and any government customer, LICENSEE
shall promptly inform LICENSOR of this and the parties shall
work in good faith to supply LICENSOR with reasonably
requested information which would not violate the terms of such
secrecy agreement with such customer.    LICENSEE represents
and warrants to LICENSOR that no approval from any
governmental agency or ministry, or from any third party, is
required to effectuate the terms of this Agreement or the
transactions contemplated hereby.

	4.4  Purchase of Components from Others.   By virtue of
the disclosure of Technical Information and information, if any,
provided from time to time by LICENSOR to LICENSEE and to
its other licensees, and each of their sublicensees and affiliates,
any component of a Light Valve, including, without limitation,
materials, suspensions, films, polymers, coatings, particle
precursors, and particles (each, a "Component"), which
LICENSEE or its sublicensees makes, has made for it, or
purchases from any third party for use in Licensed Products
shall be deemed to have been manufactured at least in part using
the Technical Information provided by LICENSOR if
LICENSEE or any supplier of a Component to LICENSEE has
had access to Technical Information of any kind of LICENSOR
or its licensees and their sublicensees, consultants,
subcontractors, agents or representatives.  LICENSEE and its
sublicensees each hereby agrees that (i) all Components shall be
used only in strict accordance with the provisions of this
Agreement, and that such Components may not be used for any
other purpose or resold by LICENSEE or its sublicensees except
as specifically permitted by the license granted in Section 2.1
hereof, and (ii) LICENSEE and its sublicensees will only look to
the manufacturer or supplier of such Component or other item
used by LICENSEE or its sublicensees and not to LICENSOR
or its affiliates for any claims, warranties, or liability relating to
such Component or other item. LICENSEE acknowledges that
LICENSOR has not made any representations or warranties
regarding the availability of any Component, or the price thereof,
and that in all respects LICENSEE shall deal directly with the
suppliers of such Components and will obtain from them
information regarding availability, pricing, and/or other terms
relating to such Components.

	4.5 No Warranties by LICENSOR.  LICENSOR does not
represent or warrant the performance of any Licensed Product or
of any material, Component, or information provided hereunder,
and LICENSEE expressly acknowledges and agrees that any
such material, Component or information provided by
LICENSOR hereunder is provided "AS IS" and that LICENSOR
makes no warranty with respect thereto and  DISCLAIMS ALL
WARRANTIES, EXPRESS OR IMPLIED,  INCLUDING BUT
NOT LIMITED TO THE IMPLIED WARRANTIES OF
MERCHANTABILITY AND FITNESS FOR A PARTICULAR
PURPOSE, WITH RESPECT THERETO, ITS USE OR ANY
INABILITY TO USE IT, OR THE RESULTS OF ITS USE. In
no event shall LICENSOR be liable for any damages, whether in
contract or tort (including negligence), including but not limited
to direct, consequential, special, exemplary, incidental and
indirect damages, arising out of or in connection with this
Agreement or the use, the results of use, or the inability to use
any Licensed Product, material, Component or information
provided hereunder.

	4.6 Analysis.  LICENSEE represents and agrees that it will
only incorporate Components received from authorized
suppliers into Licensed Products and for no other purpose, and
that LICENSEE will not directly or indirectly attempt to
reverse-engineer any material provided to it hereunder by
LICENSOR or any supplier of any Component.

	4.7  Personnel. LICENSEE agrees to assign personnel from
its technical staff who shall be responsible for the development
of Licensed Products during the term of this Agreement.

	4.8 Promotional Activities.  LICENSEE agrees that it shall
maintain, either at its own facilities or that of any laminating
subcontractor selected by LICENSEE, adequate inventories of
SPD light control film purchased from any authorized supplier
of Light Valve film to meet on a timely basis the anticipated
requirements of LICENSEE for incorporation into Licensed
Products during the term of this Agreement. In addition,
LICENSEE shall promptly develop and maintain a web site
relating to its business which prominently features
LICENSOR's SPD technology and LICENSEE's relationship to
LICENSOR, and shall participate at all major industry trade
shows and conferences and engage in other marketing and
promotional activities reasonably necessary to promote
LICENSOR's SPD technology and LICENSEE's business
relating thereto.

5 	TRADEMARKS.

	5.1  Trademarks.  All trademarks or service marks that
either party may adopt and use for Licensed Products or other
products incorporating Light Valves are and shall remain the
exclusive property of the adopting party, and the other party
shall not obtain any rights and license to such marks under this
Agreement, but may inform others that the adopting party has
licensed or produced Licensed Products or products
incorporating Light Valves under such mark or marks, and may
use the adopting party's logo in connection therewith.
LICENSOR may require LICENSEE or its permitted
sublicensees to indicate on packaging that such product is
licensed from Research Frontiers Incorporated or to otherwise
include language and/or designations approved by LICENSOR
indicating an affiliation with Research Frontiers Incorporated or
to use trademarks specified by LICENSOR on LICENSEE's
Licensed Products.

6 	INSURANCE AND INDEMNIFICATION.

	6.1  Insurance.  LICENSEE shall maintain at all times
ample product liability and other liability insurance covering its
operations relating to the subject matter of this Agreement and
shall name LICENSOR as an additional insured. Upon request,
LICENSEE shall provide LICENSOR of evidence of such
insurance.

	6.2  Indemnification.  LICENSEE, and its affiliates,
successors and assigns and sublicensees (each, an "Indemnifying
Party"), each hereby indemnify and agree to hold harmless
LICENSOR and its shareholders, officers, directors, agents and
employees (each, an "Indemnified Party"), against any liability,
damage, loss, fine, penalty, claim, cost or expense (including
reasonable costs of investigation and settlement and attorneys',
accountants' and other experts' fees and expenses) arising out of
any action or inaction by any Indemnifying Party relating to this
Agreement including an Indemnifying Party's manufacture, sale,
use, lease or other disposition of Licensed Products,  and related
materials, or other use of the information and rights granted
hereunder. Any knowledge of LICENSEE's or its sublicensee's
activities by LICENSOR or its representatives shall in no way
impose any liability on LICENSOR or reduce the
responsibilities of LICENSEE hereunder or relieve it from any
of its obligations and warranties under this Agreement.

7	FUTURE PATENTS.

	7.1  Future Patents.  Each party, at its cost, shall have the
right to file patent applications in the United States and in
foreign countries covering any invention made by such party.

	7.2  Improvements and Modifications. (a) Any future
improvements or modifications invented or developed by or on
behalf of LICENSEE, LICENSEE's sublicensees and
LICENSOR after the Effective Date of this Agreement, if any,
which relate in any way to or are useful in the design, operation,
manufacture and assembly of Licensed Products, and/or to the
suspensions or other components used or usable in Licensed
Products shall not be included in this Agreement. Upon written
request by the non-inventing party, LICENSOR and LICENSEE
shall negotiate with each other regarding the grant of
nonexclusive rights and licenses to use such improvements and
modifications, but neither party shall be obligated to grant such
rights and licenses to one another. Notwithstanding anything
contained herein to the contrary, LICENSOR shall have the right
to use, license and sublicense any improvement, modification or
invention which is jointly developed by LICENSEE or its
officers, directors, employees, affiliates, contractors, or
consultants, on the one hand, and LICENSOR or its officers,
directors, employees, affiliates, contractors or consultants, on
the other hand.

	(b)  During the term of this Agreement each of the parties
hereto agrees to inform the other in writing (without any
obligation to reveal details which would be confidential
information), at least as frequently as once a year in January of
each calendar year, if any significant improvements or
modifications have been made relating to Licensed Products,
and as to the general nature of any such improvements and
modifications.

	(c) Notwithstanding the foregoing, LICENSOR may, but
shall not be required to, voluntarily and without additional cost
to LICENSEE disclose certain information relating to future
improvements and modifications and license to LICENSEE
rights in such certain future improvements and modifications,
and  any information so disclosed will be considered Technical
Information which LICENSEE shall be obligated to keep
confidential pursuant to Section 12.1 of this Agreement.  In
connection therewith, LICENSOR, may voluntarily add patents
and/or patent applications to Schedule A hereof.  No disclosure
of any information by LICENSOR shall in any way establish a
course of dealing or otherwise require LICENSOR to make any
future disclosure of information under this Agreement.

	7.3  Foreign Patent Applications.  During the term of this
Agreement, LICENSEE shall have the right to designate that
any patent application now or hereafter listed on or incorporated
into Schedule A shall be filed or maintained in any foreign
country included in the Licensed Territory. If so designated and
if legally possible to do so, LICENSOR agrees to promptly file,
prosecute and maintain such applications and resulting patents,
and LICENSEE shall pay to LICENSOR the complete cost,
including reasonable attorney's fees, to file, prosecute and
maintain during the term of this Agreement any such patent
application and resulting patents specifically so designated by
LICENSEE.

8	TECHNOLOGY TRANSFER.

	8.1.  Materials.  Upon request by LICENSEE, during the
term of this Agreement and when mutually convenient to
LICENSOR and LICENSEE, LICENSOR shall supply
LICENSEE with small quantities of materials related to
Licensed Products for experimental use only by LICENSEE,
and shall charge LICENSEE $1,500 per man/day plus the cost
of any other materials used in making such materials, plus the
cost of shipping such materials to LICENSEE.  Upon request by
LICENSEE, during the term of this Agreement and when
mutually convenient to LICENSOR and LICENSEE,
LICENSOR may make its personnel available to consult with
LICENSEE and its contractors, with compensation to
LICENSOR for such consultation to be mutually agreed to by
LICENSOR and LICENSEE. Each invoice submitted by
LICENSOR for such service shall include detailed explanations
of the charges, and, if requested by LICENSEE, copies of
receipts. The parties acknowledge that LICENSOR has no
obligation to transfer to LICENSEE any Technical Information
other than as may be embodied in such sample materials, and
that, other than sample materials, if any, that may be supplied by
LICENSOR as aforesaid, LICENSEE will be acquiring
materials from authorized suppliers other than LICENSOR.

	8.2 Inquiries. LICENSEE and LICENSOR may also at any
time during the term of this Agreement make reasonable inquiry
by telephone, facsimile, email or mail to one another in regard to
any information or data furnished pursuant to this Agreement.

	8.3 Visits.  During all visits by either party to the facilities
of the other party, visitors shall comply with all reasonable rules
of the host company, and each party to this Agreement will
indemnify and hold the other party harmless from any liability,
claim or loss whatsoever (i) for any injury to, or, death of, any of
its employees or agents while such persons are present at the
facility of the other party; and (ii) for any damages to its own
property or to the property of any such employee or agent which
may occur during the presence of any such person at the facility
of the other party, regardless of how such damage occurs.

	8.4  Sole Purpose.  Any documentation or information
supplied pursuant to this Agreement by either party to the other
shall be used solely for the purposes set forth in this Agreement.

9	INTELLECTUAL PROPERTY PROTECTION
RESPONSIBILITIES.

	9.1  Proprietary Rights: Notices.  Each party shall provide
appropriate notices of patents, or other similar notice of the
patent rights of the other party on all products utilizing the
patented inventions of the other party.  Either party may add its
own patent notice to any copy or embodiment which contains its
patented inventions.

	9.2  LICENSOR Exclusive Owner.  LICENSEE hereby
acknowledges LICENSOR as purporting to be the sole and
exclusive owner of the patents and patent applications listed on
Schedule A, and that, except for the rights granted hereunder,
LICENSEE shall not have any rights or attempt to assert any
ownership rights in and to those patents and patent applications.

10 	TERM AND TERMINATION.

	10.1  Term.  The term of this Agreement shall extend from
the Effective Date of this Agreement to the date of termination
of this Agreement.  Unless sooner terminated or extended, as
herein provided for below, this Agreement shall terminate upon
the expiration of the later of (A) the last to expire of the patents
now or hereafter listed in Schedule A hereof, and (B) the
expiration of the period in which LICENSEE is obligated to
maintain confidential Technical Information of LICENSOR
pursuant to Section 12.1 hereof.

	10.2  Termination by LICENSEE. LICENSEE may
terminate this Agreement effective as of December 31, 2012 or
as of any anniversary thereof by giving LICENSOR prior notice
thereof unless sooner terminated as hereinafter provided.  Such
notice shall be made in writing and shall be given between 60
and 90 days prior to the effective date for which such
termination is to be effective. If LICENSEE decides to terminate
this Agreement for any reason, LICENSEE shall provide
LICENSOR, along with the aforementioned notice of
termination, with a written report describing the reasons for such
termination.

	10.3  Termination by LICENSOR. LICENSOR may
terminate this Agreement at any time effective as of December
31, 2012 or as of any anniversary thereof  upon at least 30 days'
notice to LICENSEE for any reason, provided, however, that
LICENSOR shall give LICENSEE at least one years' notice of
any early termination under this Section 10.3 if LICENSEE is
producing and selling Licensed Products hereunder, and
provided further that if LICENSOR gives LICENSEE a notice
of termination pursuant to the first sentence of this Section 10.3
and the effective termination date of such notice would be prior
to the expiration of a binding contractual obligation of
LICENSEE to supply Licensed Products to a customer of
LICENSEE which contract is in effect at the time LICENSOR's
termination notice is given, then the LICENSEE may, by
providing LICENSOR within 10 business days with a copy of
the relevant portion of such contract, extend the effective date of
LICENSOR's termination to December 31st of the calendar year
in which the aforesaid contractual obligation of LICENSEE to
its customer expires, but in no event shall the foregoing
extension imply any extension of time beyond the time period
specified in Section 10.1 above.  Notwithstanding the foregoing,
LICENSOR may  terminate this Agreement at any time upon at
least 30 days' notice to LICENSEE if LICENSEE shall have
failed to make any payment when due or at any time breach any
material term of this Agreement and such payment is not made
or such breach is not cured within any applicable cure period
specified in Article 11 of this Agreement, or repeatedly provide
inaccurate reports hereunder, or if there has been a cessation by
LICENSEE of general operations or of work related to Licensed
Products.

	10.4  Effect of Termination.  If this Agreement expires or is
terminated for any reason whatsoever, in addition to any other
remedies which one party may have against the other: (1) all of
LICENSEE's rights and licenses under this Agreement shall
cease, and LICENSEE shall immediately return to LICENSOR
all Technical Information furnished to LICENSEE under this
Agreement, together with all reproductions, copies and
summaries thereof; provided, however, that LICENSEE may
retain solely for archival purposes one copy of all such
documents in its legal department files, (2) at LICENSOR's
option, LICENSEE shall, within 30 days of the date of such
termination or expiration, either (A) sell and deliver to
LICENSOR at LICENSEE's direct cost of manufacture any
Licensed Products which shall then be in the possession of
LICENSEE, and, if requested by LICENSOR, LICENSEE shall
finish and deliver to LICENSOR any Licensed Products in the
process of manufacture as soon as possible and, in any case, not
later than 30 days after receiving LICENSOR's request, and/or
(B) with respect to any unsold inventory and work in the process
of manufacture, to complete such work in process and sell any
remaining inventory during the period not to exceed six months
from the date of termination or expiration of this Agreement
provided that at the completion of such six-month period,
LICENSEE shall promptly destroy and dispose of any Licensed
Products (and Licensed Products in the process of manufacture)
not sold under this Section 10.4 and (3) if this Agreement is
terminated for any reason or expires, upon such termination or
expiration, LICENSEE hereby grants to LICENSOR a
nonexclusive, royalty-free, irrevocable, worldwide license with
the right to grant sublicenses to others to utilize all technical
information, improvements and/or modifications  (whether or
not the subject of patents or pending patent applications)
developed or invented by or on behalf of LICENSEE and/or its
sublicensees, subcontractors, or agents hereunder through the
date of such termination or expiration of this Agreement relating
to Light Valves, or Licensed Products, and upon such
termination or expiration, LICENSEE shall provide LICENSOR
in reasonable detail complete information regarding such
technical information, improvements and/or modifications.  The
foregoing license shall be self-effectuating, but LICENSEE
agrees upon written notice by LICENSOR at any time hereafter
to deliver to LICENSOR within 30 days of such notice any
document or other instrument reasonably requested by
LICENSOR to convey such license rights to LICENSOR such
as, by way of example, confirmations or instruments of
conveyance or assignment.  No termination of this Agreement
by expiration or otherwise shall release LICENSEE or
LICENSOR from any of its continuing obligations hereunder, if
any, or limit, in any way any other remedy one party may have
against the other party.  Notwithstanding the foregoing,
LICENSEE's obligations to LICENSOR under Sections 3.1, 3.5,
3.6, 4.2, 4.3, 4.4, 4.5, 4.6, 6.1, 6.2, 7.2, 8.3, 8.4, 10.4, 12.1, and
Articles 13 and 14 shall survive any termination or expiration of
this Agreement.

11 	EVENTS OF DEFAULT AND REMEDIES.

	11.1  Events of Default.  Each of the following events shall
constitute an "Event of Default" under this Agreement:

	11.1.1	(a) A party's failure to make any payment due in
a timely manner or a party's material breach or material failure
to punctually perform any of its duties and obligations under this
Agreement, which material breach or failure, if curable, remains
uncured for thirty (30) days after written notice of such breach
or failure is received by the breaching party; or (b) a material
misrepresentation is made by a party in any representation or
warranty contained in this Agreement and the misrepresented
facts or circumstances, if curable, remain uncured thirty (30)
days after written notice of such misrepresentation is received
by the breaching party; and, in either case, if such breach or
misrepresentation is not curable, termination shall occur thirty
(30) days after such misrepresentation or breach at the option of
the non-breaching party; or

	11.1.2	The failure by a party upon request to provide the
other party with adequate assurances of its performance of all
obligations under this Agreement upon: (a) such first party's
filing of a voluntary petition in bankruptcy; (b) the filing of any
involuntary petition to have such first party declared bankrupt
which has not been dismissed within ninety (90) days of its
filing; (c) the appointment of a receiver or trustee for such first
party which has not been rescinded within ninety (90) days of
the date of such appointment; or (d) such first party otherwise
becoming insolvent or otherwise making an assignment for the
benefit of creditors.

	11.2  Default by a Party.  If there occurs an Event of
Default with respect to a party, the other party may:

	(a)	seek damages; and/or

	(b)	seek an injunction or an order for mandatory or
specific performance; and/or



(c)	terminate this Agreement and the licenses granted to
LICENSEE hereunder whereupon the non-defaulting
party shall have no further obligations under this
Agreement except those which expressly survive
termination, and except with respect to royalty
payments due and owing to LICENSOR as of the
termination date or any subsequent period specified in
Section 10.4.

	12	CONFIDENTIALITY.

		12.1  Confidential Information. (a) LICENSEE agrees for
itself, its sublicensees, and their employees and agents that for
twenty (20) years from the later of the Effective Date of this
Agreement or the latest date of its receipt of information
disclosed to LICENSEE by LICENSOR pursuant to this
Agreement, such information shall be held in confidence;
provided, however, there shall be no obligation to treat as
confidential information which is or becomes available to the
public other than through a breach of this obligation, or which
was already possessed by LICENSEE in writing (or otherwise
provable to be in the possession of LICENSEE) prior to the
Effective Date of this Agreement (and was not received from
LICENSOR) or which is shown by LICENSEE to have been
received by it from a third party who had the legal right to so
disclose it without restrictions and without breach of any
agreement with LICENSOR or its licensees.  LICENSOR shall
affix an appropriate legend on all written documentation given
to LICENSEE which contains confidential information, but the
failure to so affix such legend shall not affect the confidential
nature of such information. LICENSEE acknowledges that the
list of patent applications contained on Schedule A is
confidential information of LICENSOR. If confidential
information is otherwise conveyed orally by LICENSOR,
LICENSOR shall specify to LICENSEE at the time such
information is being conveyed (or in a subsequent letter
referring to the conversation) that the information conveyed is
confidential.  It is understood and agreed that, unless otherwise
provided in a separate agreement between LICENSEE and
LICENSOR, LICENSEE has no obligation hereunder to provide
LICENSOR with any confidential or proprietary information,
and that LICENSOR shall have no obligation hereunder to
LICENSEE to maintain in confidence or refrain from
commercial or other use of any information which LICENSOR
is or becomes aware of under this Agreement.  The terms and
provisions of this Agreement or any other agreement between
the parties shall not be considered confidential except that
LICENSEE may not disclose the minimum annual royalty
payments specified in Article 3 hereof without LICENSOR's
prior written consent, and the parties hereto acknowledge that,
pursuant to the Securities Exchange Act of 1934, as amended,
and the regulations promulgated thereunder,  LICENSOR may
file copies of this Agreement with the Securities and Exchange
Commission and with NASDAQ and with any other stock
exchange on which LICENSOR's securities may be listed.
LICENSEE agrees that for the period of time during which
LICENSEE is obligated to keep information confidential
hereunder, LICENSEE will not make, use, sell, lease or
otherwise dispose of products using or directly or indirectly
derived from Licensed Products, Light Valves, or Components,
or which otherwise comprise suspended particles, which when
subjected to a suitable electric or magnetic field, orient to
produce a change in the optical characteristics of the suspension
("SPD Technology") unless an agreement between LICENSOR
and LICENSEE permitting it to do so is in full force and effect
and the royalties, if any, provided in such agreement are being
paid to LICENSOR on such products.  The foregoing restriction
shall not apply to products (i) which do not directly or indirectly
incorporate SPD Technology, such as, but not limited to, liquid
crystal devices, or electrochromic devices, or (ii) which
incorporate technology involving suspended particles, which
when subjected to a suitable electric or magnetic field, orient to
produce a change in the optical characteristics of the suspension
but which is independently developed and which is not in any
way directly or indirectly derived from any Technical
Information of LICENSOR or its licensees, sublicensees, or any
of their affiliates. LICENSEE shall have the burden of proving
by clear and convincing evidence that the availability of any
exception of confidentiality exists or that the foregoing
restrictions do not apply to a particular product. Nothing
contained in this section, however, shall be construed as
granting LICENSEE any rights or licenses with respect to any
Technical Information or patents of LICENSOR or its other
licensees or their sublicensees.

		(b) LICENSEE will have the right to provide materials to,
and to disclose information to, a subcontractor relating to this
Agreement; provided, however, that LICENSEE shall only
disclose such information as is strictly necessary to enable said
subcontractor to perform its manufacturing task, and provided
that prior to disclosing any information to said subcontractor,
said subcontractor has signed a secrecy agreement with
LICENSEE at least as protective of LICENSOR's Technical
Information as the provisions of this Agreement, including,
without limitation, said subcontractor's specific agreement to be
bound by the provisions of Section 12.1 hereof to the same
extent as LICENSEE.  For such purposes, LICENSEE may
develop a standard form of secrecy agreement for LICENSOR's
approval, after which LICENSEE may use such secrecy
agreement with all subcontractors without LICENSOR's prior
approval of the secrecy agreement being necessary. LICENSEE
shall have all subcontractors sign said secrecy agreement prior
to the disclosure of Technical Information to said subcontractor,
and LICENSEE shall send LICENSOR a copy of every such
secrecy agreement within thirty (30) days after the execution
thereof.

	13 	WARRANTIES AND REPRESENTATIONS.

		13.1  Reciprocal Representations.  Each party represents
and warrants to the other that:

		13.1.1  Valid Agreement.  The execution and delivery of
this Agreement by the officer or representative so doing, and the
consummation of the transactions contemplated hereby, have
been duly authorized by all necessary corporate action by
LICENSOR and LICENSEE and this Agreement is a valid and
binding obligation enforceable against the parties in accordance
with its terms, except to the extent limited by bankruptcy,
insolvency, moratorium and other laws of general application
relating to general equitable principles;

		13.1.2 No Conflicts.  Nothing herein conflicts with its
rights and obligations pursuant to any agreement by a party and
any other entity; and

		13.1.3  Publicity. The parties shall have the right to use
non-confidential information, including but not limited to
information concerning this Agreement, a description of the
other party, and its logos for marketing, sales, technical
assistance, investor relations, disclosure and public relations
purposes, and that information permitted to be disclosed by a
party under this Section 13.1.3 may appear on such party's (or
its subsidiaries' or sublicensees') Internet web site, along with
links to the Internet web sites, and specific pages therefrom, of
the other party and its subsidiaries and sublicensees.

		13.2  LICENSOR Representations.  LICENSOR represents
and warrants, for the benefit of LICENSEE, that:

		13.2.1  Title.  As of the date hereof, LICENSOR represents
and warrants that it has the right to convey the rights and
licenses granted by this Agreement, and otherwise to perform its
obligations under this Agreement. LICENSOR has caused its
employees who are employed to do research, development, or
other inventive work to disclose to it any invention or
information within the scope of this Agreement and to assign to
it rights in such inventions and information in order that
LICENSEE shall receive, by virtue of this Agreement, the
licenses granted to it under Section 2.1 hereof.

		13.2.2  Infringement.  As of the date hereof, LICENSOR is
not aware of any claim for patent infringement or the
misappropriation of trade secrets, being asserted against it by
any third party; or of any infringement of the patents listed on
Schedule A hereto by any entity.

		13.2.3 Patents in Force.  To the best of LICENSOR's
knowledge, all of the patents listed on Schedule A hereto are
currently in force.

		13.3 No Warranty.  LICENSOR and LICENSEE make no
guaranty or warranty to one another under this Agreement (a)
that LICENSEE will be able to develop, manufacture, sell or
otherwise commercialize Licensed Products, or (b) as to the
validity of any patent.

	14	 MISCELLANEOUS.

		14.1  Applicable Law.  This Agreement shall be interpreted,
construed, governed and enforced in accordance with and
governed by the laws of the State of New York, and LICENSOR
and LICENSEE hereby submit to the exclusive jurisdiction of
the state or federal courts located in the County of Nassau and
State of New York for such purposes.

		14.2  Confidentiality In Court Proceeding.  In order to
protect and preserve the confidential information of a party
which the parties recognize may be exchanged pursuant to the
provisions of this Agreement, the disclosing party may request,
and the receiving party shall not oppose, the court in any action
relating to this Agreement to enter a protective order to protect
information which is confidential information under Section
12.1 and to seal the record in the action or to hold the
proceedings, or portion of the proceedings, in camera; provided,
that the requested terms do not prejudice the receiving party's
interests.  Nothing, however, shall preclude either party from
thereafter moving to unseal its own records or to have matter
and information designated as confidential under any relevant
protective order designated otherwise in accordance with the
circumstances as they shall appear at that time.

		14.3  Severability.  If any provision of this Agreement is
declared or found to be illegal, unenforceable or void, the parties
shall negotiate in good faith to agree upon a substitute provision
that is legal and enforceable and is as nearly as possible
consistent with the intentions underlying the original provision.
If the remainder of this Agreement is not materially affected by
such declaration or finding and is capable of substantial
performance, then the remainder shall be enforced to the extent
permitted by law.

		14.4  Waiver.  Unless agreed to by the parties in writing to
the contrary, the failure of either party to insist in any one or
more instances upon the strict performance of any one or more
of the provisions of this Agreement, or to exercise any right
contained in this Agreement or provided by law, shall not
constitute or be construed as a waiver or relinquishment of the
performance of such provision or right or the right subsequently
to demand such strict performance or exercise of such right, and
the rights and obligations of the parties shall continue
unchanged and remain in full force and effect.

		14.5  Captions.  The captions and headings in this
Agreement are inserted for convenience and reference only and
in no way define or limit the scope or content of this Agreement
and shall not affect the interpretation of its provisions.

		14.6  Assignment. This Agreement shall be binding on and
shall inure to the benefit of the parties and their successors and
assigns.  However, LICENSEE agrees that it shall not assign this
Agreement or its rights hereunder without the prior written
consent of LICENSOR except to a successor to substantially all
of its business relating to Light Valves and whose obligations
hereunder are guaranteed to LICENSOR by LICENSEE.
LICENSOR may assign all of its rights and obligations
hereunder to any successor to any of its business interests or to
any company controlling or controlled by LICENSOR. All
assignees shall expressly assume in writing the performance of
all the terms and conditions of this Agreement to be performed
by the assigning party, and an originally signed instrument of
such assumption and assignment shall be delivered to the non-
assigning party within 30 days of the execution of such
instrument.

		14.7  Schedules.  All Schedules attached to this Agreement
shall be deemed to be a part of this Agreement as if set forth
fully in this Agreement.

		14.8  Entire Agreement.  This Agreement constitutes the
entire understanding and agreement between LICENSOR and
LICENSEE with respect to the subject matter hereof, supersedes
all prior agreements, proposals, understandings, letters of intent,
negotiations and discussions with respect to the subject matter
hereof and can be modified, amended, supplemented or changed
only by an agreement in writing which makes specific reference
to this Agreement and which is executed in writing by the
parties; provided, however, that either party may unilaterally
waive in writing any provision imposing an obligation on the
other.

		14.9  Notices.  Any notice required or permitted to be given
or made in this Agreement shall be in writing and shall be
deemed given on the earliest of (i) actual receipt, irrespective of
method of delivery, (ii) on the delivery day following dispatch if
sent by express mail (or similar next day courier service), or (iii)
on the sixth day after mailing by registered or certified air mail,
return receipt requested, postage prepaid and addressed as
follows:

	LICENSOR:		Robert L. Saxe, Chairman and CEO
				Research Frontiers Incorporated
				240 Crossways Park Drive
				Woodbury, New York 11797-2033 USA
				Facsimile:	(516) 364-3798
				Telephone: 	(516) 364-1902

	LICENSEE:		Jim Dauw, President and CEO
				GKN AEROSPACE TRANSPARENCY
SYSTEMS INC.
				12122 Western Avenue
    	Garden Grove, CA 92841 USA
				Facsimile:	(714) 653-7843
				Telephone:	(714) 653-7531

	or to such substitute addresses and persons as a party may
designate to the other from time to time by written notice in
accordance with this provision.

		14.10 Bankruptcy Code.  In the event that either party
should file a petition under the federal bankruptcy laws, or that
an involuntary petition shall be filed against such party, the
parties intend that the non-filing party shall be protected in the
continued enjoyment of its rights hereunder to the maximum
feasible extent including, without limitation, if it so elects, the
protection conferred upon licensees under section 365(n) of Title
17 of the U.S. Code.  Each party agrees that it will give the other
party immediate notice of the filing of any voluntary or
involuntary petition under the federal bankruptcy laws.

		14.11  Construction.  This Agreement and the exhibits
hereto have been drafted jointly by the parties and in the event
of any ambiguities in the language hereof, there shall no be
inference drawn in favor or against either party.

		14.12  Counterparts.  This Agreement may be executed in
any number of counterparts, each of which shall be deemed an
original, but all of which shall constitute one and the same
instrument.

		14.13 Status of the Parties.  The status of the parties under
this Agreement shall be solely that of independent contractors.
No party shall have the right to enter into any agreements on
behalf of the other party nor shall it represent to any person that
it has such right or authority.

		The parties, through their duly authorized representatives,
and intending to be legally bound, have executed this Agreement,
as of the date and year first above written, whereupon it became
effective in accordance with its terms.

		RESEARCH FRONTIERS INCORPORATED


		By:_/s/ Joseph M. Harary
		        Joseph M. Harary, President
		        Date: February 21, 2008


		GKN AEROSPACE TRANSPARENCY SYSTEMS INC.


		By:_/s/ Jim Dauw
	                Jim Dauw, President and CEO
		        Date: February 21, 2008





                            Schedule A
                    (As of February 21, 2008)

                LIST OF UNITED STATES, INTERNATIONAL AND
                FOREIGN PATENTS AND PATENT APPLICATIONS

                                         Date    Expiration
Patents in the United States             Issued  Date


5,002,701			Robert L. Saxe
		"Light Polarizing Materials and
		    Suspensions Thereof"		3/26/91   3/26/08


4,877,313	 		Robert L. Saxe et al
		"Light Polarizing Materials and
		    Suspensions Thereof"		10/31/89  2/10/09


5,093,041		Joseph A. Check, III et al
		"Light-Polarizing Material Based on
		    Ethylene-diamine Polyacetic Acid
		    Derivatives"			3/03/92   7/30/10


5,111,331			Paul Rosenberg
		"Electro-Optical Light Modulator"	5/05/92    7/5/09


5,279,773			Robert L. Saxe
		"Light Valve Incorporating A Suspension
		Stabilized With A Block Polymer"	1/18/94   3/23/12

5,325,220			Robert L. Saxe
		"Light Valve With Low Emissivity
		  Coating As Electrode"			6/28/94    3/9/13


5,463,491			Joseph A. Check III
		"Light Valve Employing a Film Comprising
		  An Encapsulated Liquid Suspension And
		  Method of Making Such Film"		10/31/95  11/6/12


5,463,492			Joseph A. Check III
		"Light Modulating Film of Improved
		   Clarity For A Light Valve"		10/31/95  11/6/12


5,461,506			Joseph A. Check III et al
		"Light Valve Suspensions Containing A
		  Trimellitate Or Trimesate And Light
		  Valves Containing The Same"		10/24/95  5/11/13


5,467,217			Joseph A. Check III et al
		"Light Valve Suspensions and Films
		  Containing UV Absorbers and Light
		  Valves Containing The Same"		11/14/95  5/11/13


5,516,463			Joseph A. Check III et al
		"Method of Making Light
			Polarizing Particles"		05/14/96  07/08/14


5,650,872			Robert L. Saxe et al
		"Light Valve Containing
			Ultrafine Particles"	  	07/22/97  12/08/14

5,728,251			Joseph A.  Check, III
 		"Light Modulating Film of Improved
		  UV Stability For a Light Valve"	03/17/98  09/27/15


5,764,402	Jean-Francois Thomas; Pierre Vezin
		Optical Cell Control System 06/09/98  04/24/15

5,838,482	Daniel Decroupet; Pierre Laroche
 Optical Cell 11/17/98  05/16/15

5,691,849	Rene Ledroit; Jean-Francois Thomas; Andre Hecq
		Rear-View Assembly for a Vehicle
		and an Adaptor Therefo	 11/25/97  11/25/14

6,114,405		Huifang Zhuang et al
		Ultraviolet Radiation-Curable
		Light-Modulating Film for a Light
		Valve, and Method of Making Same	 09/05/00  10/09/17

6,156,239		Robert L. Saxe et al
		Light Polarizing Material, Liquid
		Suspensions and Films Thereof, and Light
		Valve Incorporating Same	 12/05/00 02/26/19

6,271,956B1		Robert L. Saxe et al
		Method and Materials for Enhancing the
		Adhesion of SPD Films and Light Valves
		Comprising Same  			08/07/01 03/02/20

6,301,040		Srinivasan Chakrapani et al
		SPD Films Having Improved Properties and
			 Light Valves Comprising Same  10/09/01 05/24/20

6,334,967B1		Robert L. Saxe et al
		Light Polarizing Particles of Improved
			 Particle Size Distribution 	01/01/02 12/21/20
		(See also listing for PCT/US99/15508)

6,416,827		Srinivasan Chakrapani et al
		SPD Films and Light Valves Comprising Same 07/09/02[10/27/20]

6,429,961B1		Joseph M. Harary et al
		Methods for Retrofitting Windows With Switchable
		and Non-Switchable Window Enhancements and
 		Retrofitted Windows Produced Thereby 	08/06/02 10/03/20

6,517,746		Robert L. Saxe et al.
		Polyhalide Particles and Light Valves
                Comprising Same 		02/11/03 01/05/21

6,522,446		Robert L. Saxe
		Anisometrically Shaped Metal Particles,
		Liquid Suspensions and Films Thereof And
		 Light Valves Comprising Same		02/18/03 04/25/21

6,529,312B1		Robert L. Saxe
		Anisometrically Shaped Carbon and/or Graphite
		Particles, Liquid Suspensions and Films Thereof
		And Light Valves Comprising Same 	03/04/03 06/07/19
		[See also U.S. Patent No. 6,987,602 filed
		December 27, 2002, a continuation-in-part of this patent]

6,606,185B2		Robert L. Saxe
		SPD Films and Light Valves Comprising Liquid
		Suspensions of Heat-Reflective Particles of
		Mixed Metal Oxides and Methods of Making
		Such Particles 		08/12/03 12/08/14

6,804,040		Albert P. Malvino, et al
		Method and Device for Controlling Voltage
		Provided to a Suspended Particle Device 10/12/04 02/13/23

6,897,997		Albert P. Malvino
		Method and Device for Controlling Voltage
		Provided to a Suspended Particle Device 05/24/05 02/13/23
		(continuation-in-part of 6,804,040)

			Srinivasan Chakrapani et al
6,900,923   "Siloxane Matrix Polymers and SPD Light Valve Films
			Incorporating Same"		05/31/05 06/18/23

			Robert L. Saxe, et al
6,936,193    "SPD Light Valve Film Incorporating New
		Suspending Media,and Light Valve
		Incorporating Same"			08/30/05 04/14/23

6,987,602 B2  		Robert L. Saxe, et al
		Anisometrically Shaped Carbon and/or Graphite
		Particles, Liquid Suspensions and Films Thereof
		And Light Valves Comprising Same 	01/17/06 06/07/19
		(continuation-in-part of patent 6,529,312B1)


                   PENDING UNITED STATES APPLICATIONS

Serial Number                                               Filing Date

[Confidential Information Omitted and filed separately with the
Securities and Exchange Commission]

                    PENDING INTERNATIONAL APPLICATIONS
Serial Number                                               Filing Date

[Confidential Information Omitted and filed separately with the
Securities and Exchange Commission]

                   Patent Number
                      or
Country            Serial Number   Issued         Filed     Expiration
[Confidential Information Omitted and filed separately with the
Securities and Exchange Commission]

                 FOREIGN PATENTS AND PATENT APPLICATIONS

                   Patent Number
                      or
Country            Serial Number      Issued       Filed    Expiration

[Confidential Information Omitted and filed separately with the
Securities and Exchange Commission]
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ex99.txt
<DESCRIPTION>RESEARCH FRONTIERS GKN AEROSPACE PRESS RELEASE DATED MARCH 4, 2008
<TEXT>



SMART GLASS COMPANY RESEARCH FRONTIERS LICENSES
GKN AEROSPACE TRANSPARENCY SYSTEMS
TO OFFER SPD-SMART ARMORED GLASS FOR VEHICLES

GARDEN GROVE, CA and WOODBURY, NY, March 3, 2008 -
GKN Aerospace Transparency Systems Inc. has acquired a license
from Research Frontiers Inc. (Nasdaq: REFR), the developer and
licensor of SPD-Smart(tm) light-control film technology. The license
grants GKN Aerospace the right to manufacture and offer armored
SPD-SmartGlass? products utilizing Research Frontiers' patented
light-control technology for armored transportation vehicles. The fees
and minimum annual royalties payable to Research Frontiers and other
license terms were not disclosed.

When integrated with glass or plastic sunroofs, windshields, side and
rear windows, and other vehicle glazings, SPD-Smart film gives users
the ability to rapidly, precisely and uniformly control the amount of
light, glare and heat entering the vehicle. Under the license agreement,
GKN Aerospace can offer armored SPD-Smart products to numerous
transportation vehicle markets including passenger cars, trucks, trains,
RVs, armored personnel carriers, tanks, amphibious vehicles and
warships.

SPD-Smart armored vehicle glazings provide greater security due to
on-demand privacy capability, increase passengers' comfort, and
protect passengers and interiors from heat and harmful ultraviolet
radiation. SPD-Smart technology empowers users by offering instant,
real-time control over the environment to suit one's preference or
requirements.

SPD-Smart transparencies can be optically clear, block over 99.5% of
visible light, and are tunable manually or automatically to any level of
light transmission between clear and dark. All of this is done instantly
and uniformly regardless of the size of the window - advantages that
other smart window technologies, such as liquid crystals or
electrochromics, cannot offer.

Jim Dauw, President and CEO of GKN Aerospace Special Products
commented: "We are a company committed to the highest standards of
excellence in technological innovation, product quality and customer
service. Having followed the trends in smart glass for several years,
we believe it is now essential that we offer a smart glass feature to our
transparency products. We believe SPD-Smart film technology will
meet customer demand for instant control of light, and for the ability
to take light levels to an extremely dark state when desired, and will
integrate effectively with specialized materials and designs."

Joseph M. Harary, President of Research Frontiers, noted: "We are
pleased that GKN approached us for a license. GKN's various
business units make them the worldwide leader in many of the markets
relevant to SPD-Smart light-control technology. This initial agreement
with GKN is a great way for GKN to begin working with Research
Frontiers and our licensees to facilitate the introduction of SPD-Smart
products in various high-end markets. Their worldwide resources,
manufacturing capabilities, customer base, and complementary
technologies are formidable additions to the growing SPD industry for
smart products and we welcome them to our family of licensees
around the world."

About GKN Aerospace Transparency Systems Inc.

GKN Aerospace Transparencies Systems Inc. is a global leader in the
design, development and manufacture of products in four primary
business segments: civil aircraft cockpit and cabin windows, military
windshields and canopies, civil and military transparent armor, and
electric wing ice protection systems for civil and military aircraft. The
goal of GKN Aerospace is to effectively design, manufacture, and
support the world's most advanced transparencies for air and ground
applications. The company is part of GKN Aerospace, a global first-
tier supplier to the aerospace industry with approximately 7,500
employees. GKN Aerospace is part of GKN plc, which has combined
sales to the automotive and aerospace industries of $8 billion.

Following the acquisition of Pilkington Aerospace in August 2003,
GKN Aerospace created its new Transparency Systems operations
through the integration of the acquired business with its existing
transparency activities.

GKN Aerospace Transparency Systems has been in the forefront of the
specialized transparent armor market for over 20 years, and its
products have a worldwide reputation for dependability and quality.
Products can be manufactured in flat or curved configurations to suit
most automotive vehicle applications. Technical enhancements
available include heating, sun-shade banding, tinting, custom dot
matrix paint banding, solar control and anti-spall protective interlayers.
Heating, screen printing and solar control are options that can be
included, which can be supplied both fully framed and in curved form.

GKN Aerospace Transparency Systems also manufactures and
provides cockpit windshields, side windows and passenger windows
for a wide range of aircraft in the commercial, regional and business
aviation markets. These are produced in glass or plastic laminate
materials, heated or unheated and can be coated for a range of
applications.

With over 60 years experience in this market and more than 1,150
employees at its six locations in North America, South America,
Europe and Asia, GKN Aerospace Transparency Systems has a global
reputation for its technologies, patents and proprietary processes in
glass, acrylic and polycarbonate and coatings. With the high level of
vertical integration in the business, GKN Aerospace Transparency
Systems is able to offer optimum solutions to the customer.


About SPD Technology and Research Frontiers Incorporated

Research Frontiers Incorporated (Nasdaq: REFR) develops and
licenses suspended particle device (SPD) technology used in
VaryFast(tm) SPD-Smart controllable glass and plastic products. Other
benefits include noise reduction, greater security for both privacy and
structural integrity, and the protection of interiors and occupants from
heat and harmful ultraviolet radiation. SPD technology, made possible
by a flexible light-control film invented and patented by Research
Frontiers, allows the user to instantly, precisely and uniformly control
the shading of glass or plastic, either manually or automatically. This
film can be used to transform into "smart" products a variety of
products used every day in homes, buildings, cars, aircraft, boats,
trains and motorcoaches. SPD technology product applications
include: SPD-Smart windows, sunshades, skylights and interior
partitions for homes and buildings; automotive windows, sunroofs,
sunvisors, sunshades, and mirrors; aircraft and marine windows and
window shades; eyewear products; and flat panel displays for
electronic products.

SPD-Smart film technology was awarded a "Best of What's New
Award" from Popular Science magazine for home technology,
received the 2007 North American Frost & Sullivan Award for
Excellence in Technology for glass, and was also recognized as one of
the top technologies by the Society of Automotive Engineers'
Aerospace Engineering magazine. SPD technology is covered by over
?500 patents and patent applications held by Research Frontiers
worldwide. Currently 35 companies are licensed to use Research
Frontiers' patented SPD light-control technology in emulsions, films,
or end-products. Further information about SPD-Smart technology,
Research Frontiers and its licensees can be found at
www.SmartGlass.com.

Note: From time to time Research Frontiers may issue forward-
looking statements which involve risks and uncertainties. This press
release contains forward looking statements. Actual results could
differ and are not guaranteed. Any forward-looking statements should
be considered accordingly. SPD-SmartTM, SPD-SmartGlassTM,
SmartGlassTM,VaryFastTM, Powered by SPDTM, The View of the
Future - Everywhere You LookTM and Visit SmartGlass.com - to
change your view of the world(tm) are trademarks of Research
Frontiers Incorporated.

For further information, please contact:

Research Frontiers Incorporated	        GKN Aerospace Transparency Systems Inc.
Joseph M. Harary, President	            Jim Dauw, President and CEO
Patricia A. Bryant, Manager             (714) 653-7743
of Investor Relations
(516) 364-1902
info@SmartGlass.com
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
