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Exhibit 10.28
AMENDMENT NO. 1 TO COOPERATION
AGREEMENT
REFERENCE IS MADE to the Cooperation Agreement, dated as of June
24, 2002 (“Agreement”), by and between NANOPHASE
TECHNOLOGIES CORPORATION , a Delaware corporation
(“Nanophase”) and ROHM AND HAAS ELECTRONIC MATERIALS
CMP INC. (formerly known as Rodel, Inc.), a Delaware
corporation (“RHEM”), which is hereby amended and
additional agreements made, as follows. All capitalized terms used
in this Amendment shall have the same meanings as set forth in the
Agreement.
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1.
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Development Funding
. In consideration of Nanophase’s agreements
herein and to fund continued development of Particles for
applications in the Field, RHEM agrees to pay Nanophase cash in the
sum of $600,000, payable in four equal installments of $150,000 on
March 31, 2004, June 30, 2004, September 30, 2004 and December 31,
2004, respectively.
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2.
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Exclusivity . Notwithstanding anything to the contrary
contained in the Agreement, the Agreement will remain mutually
exclusive through calendar year 2004. During 2004 and thereafter,
so long as RHEM purchases the minimum amounts agreed to herein,
Nanophase will not sell or sample Ceria Particles for applications
in the Field to any manufacturer, seller or end user of CMP
slurries other that RHEM, and RHEM will not purc
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