Lloyds Engineering Works Limited has entered into Purchase Agreement with The Materials Works Limited (TMW), USA. The Company shall be entitled to manufacture and sell unlimited EPS cells using the Patented Technology with paying agreed Earnout payment to TMW for certain period of time as mentioned in the Purchase Agreement. Details of consideration: paid Annual payments in 100% cash as agreed in Purchase Agreement. Scope of Business operation of agreement: Licensing arrangement between TMW and Company to enable Company to design, manufacture and sell EPS Gen 4 cells across the globe excluding China, Macao, Hong Kong, Taiwan and within a 350-mile radius of Red Bud, Illinois, United States. TMW shall provide a license and rights to its EPS Gen 4 Technology (along with the Patented Technology) and provide related technical support services to the Company, according to the terms of payment and obligations agreed upon.