On March 30, 2020, EOS Inc. (the Company) and Ultra Velocity Technology Ltd. (Ultra Velocity), signed a termination notice (the Termination Notice) to terminate the exclusive patent licensing and distribution agreement (the Exclusive Patent Licensing and Distribution Agreement) dated November 25, 2019 by and between the Company and Ultra Velocity. The Exclusive Patent Licensing and Distribution Agreement granted the Company an exclusive license to the patent (Patent M566970 registered in Taiwan) to Ultra Velocity’s electrical noise suppressing device (the Calibrator) and the exclusive right to market, promote, distribute and sell the Calibrator globally. Pursuant to the Termination Notice, each of Ultra Velocity and the Company shall return to the disclosing party any and all of confidential information furnished by such disclosing party in connection with the Exclusive Patent Licensing and Distribution Agreement and such Distribution Agreement was terminated on March 24, 2020.