This LICENSE AGREEMENT (the "Agreement") is made and entered into as of July 19, 1995, by and between
AURA SYSTEMS, INC., a Delaware corporation ("Licensor"), and K & K Enterprises, with its principal
offices in Noida, India, ("Licensee").
A. Licensor is the owner of all right, title and interest in and to certain inventions relating to the Licensed Products
as disclosed and/or claimed in patent applications identified in Schedule "A" hereto, and has developed
Proprietary Rights which may be utilized in the Licensed Products.
B. Licensor has been heretofore disclosed to Licensee in confidence the Licensed Technology.
C. Licensee is engaged in the business of manufacturing and selling speakers and speaker systems throughout the
world and proposes to commercialize, manufacture and sell Licensed Products in the License Field utilizing the
D. Licensor is willing to grant to Licensee a license to utilize the Licensed Technology for Licensed Products in
the License Field on the terms and subject to the conditions set forth in this Agreement.
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants contained herein the parties
hereby agree as follows:
"LICENSED TECHNOLOGY" shall mean the Patent Rights and the Proprietary Rights and any modifications,
enhancements or improvements to the technology embodied in the Patent Rights and Proprietary Rights which are
necessary, used or useful to develop, manufacture or sell the Licensed Products or Derived Products.
"PATENT RIGHTS" shall mean the issued patents in all countries where issued, applications for patents together
with the right to obtain the issuance of letters patent in the United States and in foreign countries based upon said
applications and any continuation, continuation in part, division and re-issues thereof, as presently itemized in the
appended Schedule "A" to this Agreement and as the same shall be supplemented