EXHIBIT 10.29
SETTLEMENT AGREEMENT
This settlement agreement (this "Settlement Agreement") is made and entered into on January 10, 2004, by and
between Liquidmetal Korea Co., Ltd., a company incorporated and existing under the laws of Korea, having its
principal office at 884, Uhyun Hansan Industrial Complex, Uhyun-ri, Chungbook-myun, Pyungtaek City,
Kyunggi Province, Republic of Korea ("Liquidmetal Korea")and Growell Metal Co., Ltd., a company
incorporated and existing under the laws of Korea, having its principal office at 166, Shinhang-ri, Doonpo-myun,
Ansan City, Choongnam Province, Republic of Korea ("Growell Metal").
RECITALS
WHEREAS, Liquidmetal Korea and Growell Metal have entered into a product supply agreement dated June
14, 2002 for the supply by Growell Metal of certain Liquidmetal alloy products to Liquidmetal Korea (the
"Product Supply Agreement");
WHEREAS, in connection with the relationship established by the Product Supply Agreement, Growell Metal
has purchased from Liquidmetal Korea, pursuant to various purchase orders, certain equipment used in the
production of the above-referenced Liquidmetal alloy products;
WHEREAS, Liquidmetal Korea and Growell Metal have entered into a diecasting technology transfer and
equipment sales agreement dated March 24, 2003 for the transfer and sale by Liquidmetal Korea of certain
diecasting technology and equipments to Growell Metal (the "Diecasting Technology Transfer and Equipment
Sales Agreement");
WHEREAS, certain disputes arose thereafter between the parties in connection with the Product Supply
Agreement (the "Dispute");
WHEREAS, Growell Metal sent notice letters dated November 4, 2003 and December 11, 2003 to Liquidmetal
Korea in which Growell Metal sought, among other things, to pursue claims against Liquidmetal Korea arising
from the Product Supply Agreement (the "Claim");
WHEREAS, Growell Metal owes Liquidmetal Korea a payment in the amount of KRW2,454,000,000 for the
purchase by Growell Metal of die casting machines fr