Exhibit 10.8
AMENDMENT TO MEMORANDUM OF UNDERSTANDING
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THIS AMENDMENT TO MEMORANDUM OF UNDERSTANDING (the "Amendment") is made
and entered into on this 23rd day of January, 1997, by and between TELEDYNE
XXXXX ENGINEERING, a division of Teledyne Industries, Inc., a California
corporation with offices located at Huntsville, Alabama (hereinafter "TBE") and
COMMODORE SEPARATION TECHNOLOGIES, INC., a Delaware corporation with offices
located in New York, New York ("Commodore Separation").
RECITALS:
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WHEREAS, TBE and Commodore Membrane Technologies, Inc., the
predecessor-in-interest to Commodore Separation entered into a Memorandum of
Understanding (the "MOU") on August 30, 1996; the MOU had a term of at
least 180 days beginning on August 30, 1996, which afforded an opportunity for
the parties to negotiate a mutually agreeable business arrangement concerning
the developments, marketing and commercialization of Commodore Separation's
Separation Technology more fully described in paragraph 1 of the MOU; the
parties have engaged in negotiations since the execution and delivery of the MOU
and desire to extend the initial term of the MOU for an additional 180 days from
the date hereof.
NOW, THEREFORE, in consideration of the foregoing recitals, and for
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree
to amend the MOU as follows:
1. The term of the MOU is hereby extended for a period of 180 days
commencing on the day and date above written.
2. All other terms and conditions of the MOU shall remain the same.
COMMODORE SEPARATION
TECHNOLOGIES, INC.
By: /s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx
TELEDYNE XXXXX ENGINEERING, a
Division of Teledyne Industries, Inc.
By: /s/ Xxxxxxx Xxx
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Dr. Xxxxxxx Xxx
