EX-10.10
from SB-2
9 pages
1.1 Definitions (A) "Agreement" Means This Licensing Agreement; (B) "Technology" Means the Gasification of Creosote-Preserved Wood That Can Be Used in the Technology That Syngas Has Developed; Which Includes the Pystr Technology to Produce Hydrogen or Ethanol and Is in the Process of Filing Patent Applications, and Shall Include Any Additions, Changes, Improvements, Substitutions and Modifications to the Technology (Patent List Is Attached as Schedule A). 1.2 Index and Headings the Index and Headings in This Agreement Have Been Inserted for Reference and as a Matter of Convenience Only and in No Way Define, Limit or Enlarge the Scope or Meaning of This Agreement or Any Provisions Hereof. Article 2 - Relationship of the Parties 2.1 Grant Syngas Agrees to Grant Licensing Rights for the Technology to “Licensee” From the Signing Date of This Agreement for a Term as Per Article 3, in the Territory of the United States of America. Syngas Hereby Also Agrees to Grant Licensee the Right of First Refusal on the Manufacture and Production of Syngas Units Used for the Gasification of Creosote-Preserved Wood in the Territory of the United States of America. Licensee Shall Use Its Best Efforts and to Devote Such Time as Is Necessary to Commercialize and Promote the Technology in a Rapid Build Out of the First Unit
12/34/56
