BRELSFORD ENGINEERING, INC.
Exhibit
10.1
XXXXXXXXX
ENGINEERING, INC.
0000
XXXXXXX XXXXXX XX.
XXXXXXX,
XXXXXXX
A. Parties
to This Agreement
THIS
EXCLUSIVE LICENSE AGREEMENT is made this 1st day of
April 2005
by and between:
LICENSOR:
XXXXXXXXX ENGINEERING, INC.
Having
its principal place of business at:
0000
XXXXXXX XXXXXX XX.
XXXXXXX,
XXXXXXX 00000
And
LICENSEE:
SRS Energy, Inc.
Having
its principal place of business at:
7320
Forsyth, Xxxx 000
Xx.
Xxxxx, XX 00000
B. Definitions
The
following terms, whenever used in this Agreement, shall have the respective
meanings set forth below:
(1) “Licensed
Products” shall mean (1) the technology, processes, techniques which are applied
in accordance with the Licensed Know-How or the Licensed Patents as hereinafter
defined, and; (2) any equipment and substances which are manufactured in
accordance with the Licensed Know-How or the Licensed Patents as hereinafter
defined.
(2) “Subject
Matter of this Agreement” shall mean the Licensed Products, any processes for
producing the same, or any of them, and any devices for practicing or applying
any such processes, or for producing the Licensed Products.
(3) “Licensed
Know-How” shall mean LICENSOR’s present and future specialized, novel, and
unique techniques, inventions, practices, knowledge, skill, experience, and
other proprietary information relating to the Subject Matter of this
Agreement.
(4) “Designated
Affiliate” shall mean any firm, corporation, or other organization in which
LICENSEE has an ownership interest and which LICENSEE has identified in writing
to LICENSOR as an Affiliate of LICENSEE.
(5) “Agreement”
shall mean this Agreement and License including all Exhibits
hereto.
(6) “Licensed
Territory” as specified below.
(7) “Year”
shall mean each successive twelve-month period during the term of this
agreement, the first of which shall commence on the date of this Agreement,
or
on the date of the end of the “Trial Option Period”, if one is
exercised.
(8) “Licensed
Product” shall include Licensed Know-How.
(9) “Minimum
Annual Royalty” shall mean the minimum royalty required to keep this U.S. Patent
License Agreement in full force and effect throughout the term of this
Agreement.
(10) “Monthly
Trial Option Premium” shall mean the monthly amount due LICENSOR from LICENSEE
to keep this agreement in full force and effect during and through the Trial
Option Period.
(11) “Net
Sales” shall mean the actual gross sales; related to anyway to the Licensed
Products, and made by the LICENSEE and/or Designated Affiliate; f.o.b. seller’s
factory, less; (a) all sales, use, and other similar taxes paid or payable
by
the seller in connection with the particular transaction involved and not
reimbursed or reimbursable by the purchaser or customer, and; (b) Amounts
credited or refunded to the purchaser or customer for returned or defective
goods.
C. Licensing
Fee
Exclusive
License Territories: All of USA
Initiation
of License Execution Fee: $50,000.00
Minimum
Annual Royalty; begins 10-01-06: $15,000.00
Annual
License Payment per project: $30,000.00
License
Royalty Fees: 4% Net Sales, related to “Licensed Product”
Monthly
Trial Option Premium: $5,000.00
PATENT
NUMBER AND ISSUE DATE: U.S. P. # 5,411,594 – MAY 2,
1995
TRIAL
OPTION GRANTED: xx Yes __ No
TRIAL
OPTION PERIOD: 6 Months
D. General
Scope of LICENSEE’s Activities
(1) LICENSEE
and/or its Designated Affiliates shall manufacture the Licensed Products or
use
and sell such products.
(2) LICENSEE
and/or its Designated Affiliates shall have the Exclusive Right to utilize
the
Licensed Products and Know How for all applications as they relate to processing
Municipal Solid Waste and Green Waste. If such a “MSW & “GW” to
Fuel Ethanol” Project is not initiated within three (3) years of the date of
this Agreement, the Exclusive Right will be automatically drop to
Non-Exclusive.
(3) LICENSEE
and/or its Designated Affiliates shall have the Non Exclusive Right to utilize
the Licensed Products and Know How for processing biomass feedstock applications
including but not limited to Sugar Cane Bagasse (SCB), High Fiber Cane (HFC),
and Forestry Product (FP) feed-stocks in all United States
territories.
(4) LICENSEE
and/or its Designated Affiliates shall have a 60 day first right of refusal
on
any licensing agreement for the Country of Canada.
(5) LICENSEE
and/or its Designated Affiliates will neither manufacture, use, nor sell,
directly or indirectly, any of the Licensed Products in any area other than
the
Licensed Territories, unless exempted by written agreement with the
LICENSOR.
(6) LICENSEE
and/or its Designated Affiliates will neither manufacture, use, nor sell,
directly nor indirectly, any of the Licensed Products in or for shipment to,
or
(to the best of its ability) for resale in, any area other than the Licensed
Territory; unless mutually agreed to by written exception agreement with the
LICENSOR.
E. Trial
Option
If
a
“Trial Option” is granted and noted in Section C, then the Patent License Grant
of Section F below shall not apply except as defined in this Section; LICENSOR
hereby grants to LICENSEE, for the Monthly Trial Option Premium stated herein,
the exclusive rights to investigate LICENSOR’s invention for the Trial Option
Period, noted in Section C. Such Trial Option Period shall commence
from the date of this agreement. LICENSOR will furnish to LICENSEE
all information and know-how (if any) concerning LICENSOR’s invention then in
LICENSOR’s possession. LICENSEE will thereafter investigate
LICENSOR’s invention for operability, cost, marketability, etc. At
any time, during the Trial Option Period, LICENSEE shall have the right to
the
following, in its sole and absolute discretion:
(1) To
terminate the Trial Option by giving written notice of termination to the
LICENSOR at its principal place of business. If the LICENSEE gives
such notice, then no Patent License grant shall take effect, and all rights
hereunder shall revert to the LICENSOR effective as of the date of the
notice. LICENSEE will not make, use, nor sell the Licensed Products
and will not profit in any manner, directly or indirectly from said Licensed
Products. LICENSEE shall also keep confidential all discussions,
drawings, samples and any other related material pertaining to the Licensed
Products.
(2) To
exercise the Trial Option by giving written notice of that option to the
LICENSOR at its principal place of business. If the LICENSEE gives
such notice, then Patent License Grant of Section F below shall become effective
as of the date of the notice.
F. Exercised
Grant or No Trial Option
If
a
Trial Option has been granted, and LICENSEE had exercised its option, or if
a
Trial Option had not been granted, then the LICENSOR hereby grants LICENSEE,
subject to the terms and conditions herein, a Patent License indicated in
Section C herein. Such Patent License shall include the right to use
throughout the Licensed Territories: (1) any of the Licensed Know
How, and (2) the patents set forth in Section C of this agreement and (3) any
other patent(s) relating to the Subject Matter of this Agreement which may
hereafter be issued to the LICENSOR, or to a third party and then subsequently
acquired by LICENSOR (all of which patents are herein collectively called
Licensed Patents) and (4) to make the Licensed Products and to sell such
products in the Licensed Territories. The Patent License may be
Exclusive and Non-Exclusive, as defined in Paragraph D of this
agreement.
G. Disclosure
of Licensed Know-How
(1) Promptly
upon the execution of this Agreement, and from time to time thereafter, as
the
same shall become available to LICENSOR, the LICENSOR shall disclose to LICENSEE
the Licensed Know-How.
(2) Statements,
provisions, and/or Sections of this Agreement to the contrary notwithstanding,
LICENSOR shall not be required to disclose to LICENSEE any Licensed
Know-How.
(a) Regarding
aspects of this Licensed Product still in research or development
(b) Regarding
matters with respect to which patent applications are to be filed, unless
or
until the same shall have been filed
(c) Which
LICENSOR shall be prevented from disclosing to LICENSEE by reason of any
governmental regulation, or
(d) Which,
by the express terms and provisions of any other part of this Agreement,
LICENSOR shall not be required to disclose to LICENSEE.
H. Inspection
of LICENSEE’s Premises
LICENSEE
shall permit, during normal business hours, one duly authorized representative
of the LICENSOR, upon (5) days advance notice, to enter into and upon any
premises of the LICENSEE where LICENSEE is conducting operations pertaining
to
said licensed Products hereunder for the purpose of ascertaining that the
LICENSEE is complying with the provisions of this agreement.
I. Confidential
Information
All
the
Licensed Know-How shall be and remain the sole and exclusive property of the
LICENSOR. Said Know-How shall be used by LICENSEE only in connection
with and for the term of this Agreement and shall be disclosed by the LICENSEE
only to those of its employees or contractors to whom such disclosure shall
be
absolutely necessary in order to facilitate LICENSEE’s operations
hereunder. Furthermore, said Know-How shall be kept and maintained by
LICENSEE in strict confidence both during the term of this Agreement, as well
as
after the termination of this Agreement for any reason, and LICENSEE will take
all reasonable measures to prevent its employees and others from divulging
the
Licensed Know-how, provided however that the provisions of this paragraph shall
apply only while the Licensed Know-how is not published or becomes otherwise
available in the public domain from any source other than from the
LICENSEE.
J. New
Developments and Improvements
In
the
event that an improvement patent is licensed or granted to the LICENSOR bearing
the same expiration date as a patent listed in this agreement, that patent
shall
be automatically included under the terms defined herein.
In
the
event that the LICENSEE is granted an improvement patent, bearing the same
expiration date as any patent listed in this agreement, this Agreement shall
include said granting.
K. Licensing
Fees and Royalties
(1) Initiation
of Licensee Execution Fee: Unless a Trial Option has been granted,
LICENSEE shall pay to LICENSOR upon execution of this Agreement, a nonrefundable
Initiation of License Execution Fee as specified in Section C
hereof. This Initiation of License Execution Fee shall not be
construed as an advance against future royalties. If a Trial Option
is granted and exercised in accordance with Section C above, then LICENSEE
shall
pay the Initiation of License Fee to LICENSOR if and when LICENSEE exercises
said Trial Option.
(2) Minimum
Annual Royalties: In the event that this is an Exclusive Agreement as
noted in Section C or elsewhere in this agreement, minimum royalties shall
commence on the date specified in Section C. Minimum annual royalties
shall be due and payable on the first day of said royalty year and upon the
anniversary of each subsequent 12-month royalty year thereafter. If a
Trial Option is granted under Section C, then no minimum annual royalty shall
be
due until and unless LICENSEE exercises the option.
(3) Annual
License Payment Per Project: The Annual License Payment Per Project,
as noted in Section C, shall be first due and payable on the day of the
initiation of the Project as generated by the exploitation of the Licensed
Products for any facility of the LICENSEE or its Designated
Affiliate(s). Succeeding Annual License Payments Per Project shall be
due and payable on the anniversary of the day first due above.
(4) The
License Royalty Fees due shall be paid by LICENSEE to LICENSOR in the following
manner:
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(a)
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On
the fifteenth business day following each and every successive three-month
period during the term of this Agreement, LICENSEE shall pay to LICENSOR
the royalties due hereunder for the immediately preceding
quarter.
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(b)
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Sales
shall be deemed to have been made either when the Licensed Products
shall
have been shipped, or when such sales shall have been charged against
a
purchaser or customer on the books of said LICENSEE, whichever event
shall
first occur.
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(c)
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Sales
shall be deemed to include all sales, whether for cash or on credit,
and
whether the amount thereof shall be collected or uncollected, and
whether
made by an affiliate of LICENSEE.
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I. Accounting
for Royalties
(1) At
each
and every time a royalty payment is due and payable hereunder, LICENSEE will
render to LICENSOR a written Statement of Account giving full disclosures
regarding LICENSEE’s sales of the Licensed Products to which royalties shall
have accrued during the period then involved.
(2) LICENSEE
shall keep, and will cause each of its Designated Affiliates to keep, full
and
true Books of Accounts and other records in sufficient detail to enable the
royalties’ payable hereunder to be properly ascertained.
(3) LICENSEE
shall permit at it’s request, and share the expense with the LICENSOR, a
certified public accountant selected by LICENSOR, and to whom LICENSEE has
no
reasonable objection, to have access to such Books of Accounts and other records
as may be necessary or desirable to insure the correctness of any statement
of
account or payment made under this Agreement.
M. Minimum
Royalty Default
(1) In
the
event LICENSOR is operating under an “Exclusive License” grant, and if sales of
Licensed Products in any royalty year do not equal or exceed the Minimum Annual
Royalty identified in Section C hereof, LICENSEE may elect not to pay the
Minimum Annual Royalty when due and payable. In this case, LICENSEE
shall notify LICENSOR of this election by the date on which the last royalty
for
such year is due, i.e., within one month after any anniversary of the date
identified in Section A above. Thereupon the licenses granted under
Section C above shall automatically and without further notice be converted
to a
Non-Exclusive Grants, and LICENSOR may immediately license others to a
Non-Exclusive Grant for the Licensed Product. The late Minimum Annual
Royalty will continue to be due and payable, subject to the terms as noted
in
this Section M.
(2) Royalty
payments due but not paid, as agreed herein, are subject to a penalty not to
exceed 15% per year on balances late, overdue, or unpaid. Such
interest shall be compounded monthly.
N. Patent
Prosecution
(1) LICENSOR
shall, at LICENSOR’s sole expense, prosecute its above named United States
Patent Application, and any continuations, divisions, continuations-in-part,
substitutes, and reissues of each patent application or any patent thereon,
similarly maybe prosecuted at LICENSOR’s own expense, until all applicable
patents issue or any patent application becomes finally
abandoned. LICENSOR shall also pay any maintenance fees which become
due on any patent(s) which issue on said patent application. If for
any reason LICENSOR intends to abandon any patent application hereunder,
LICENSOR shall notify LICENSEE at least two months prior to any such abandonment
to permit LICENSEE the opportunity to assume prosecution of any such application
and maintenance of any patent. If LICENSEE assumes prosecution,
LICENSOR shall cooperate with LICENSEE in any manner LICENSEE requires, at
LICENSEE’s expense.
(2) The
LICENSOR shall be responsible for all maintenance fees due and payable to the
U.S. Patent and Trademark Office as applicable during the term of this Agreement
and warrants that it will pay such fees so as to preserve all rights
hereunder. If LICENSOR intends not to pay any such fees, LICENSOR
shall notify LICENSEE, at least two months prior, whereupon LICENSEE may, at
its
sole discretion and option, pay such fees, whereupon LICENSEE shall deduct
said
amount from any royalty payment due LICENSOR. Such payment by
LICENSEE shall not relieve LICENSOR of its obligation to pay maintenance fees
as
required herein.
(3) If
LICENSEE assumes prosecution of any United States patent application under
sub-section (1) above, and LICENSEE is successful so that a patent issued,
then
LICENSEE shall pay LICENSOR royalties thereafter at a rate of 75% of the regular
or normal royalty rate and 75% of any applicable minimum
royalties. Subsequently, LICENSOR shall be entitled to deduct
prosecution and maintenance expenses from royalty payments.
(4) Infringement: If
either Party discovers that the LICENSOR’s patent is infringed upon, the
discoverer shall notify the other Party. LICENSOR shall thereupon
have the right, but not the obligation, to take whatever action it deems
necessary, including the filing of lawsuits, to protect the rights of the
Parties to this Agreement and to cause such infringement to
terminate. LICENSEE shall cooperate with LICENSOR if LICENSOR takes
such action. All expenses of such action shall be borne by
LICENSOR. If LICENSOR recovers any damages or compensation for any
action hereunder, LICENSOR shall be entitled to retain 100% of such awards
or
damages. If LICENSOR elects not to take any legal action hereunder,
LICENSEE shall then have the right, but not the obligation, to take any such
action. In such event, LICENSOR shall cooperate with LICENSEE, but
all of LICENSEE’s expenses shall be borne by LICENSEE. LICENSEE shall
be entitled to receive 75% of any damages or compensation recovered from any
such infringement and shall pay 25% of such damages or compensation to LICENSOR,
after deducting its costs, including attorney’s fees.
O. Warranty
Disclaimer
Nothing
herein shall be construed as a warranty or representation given by LICENSOR
to
LICENSEE attesting to the scope or validity of the herein named Patent or any
Patent Improvement thereon.
P. Default
Any
obligation or duty, to be done by LICENSEE, which LICENSEE fails or refuses
to
do or perform, shall be considered a “default”. Any obligation or
duty, to be done by LICENSOR, which LICENSOR fails or refuses to do or perform,
shall be considered a “default”.
If
LICENSEE fails to make any payment on the date such payment is due under this
Agreement, or if LICENSEE causes any other default under or breach of this
Agreement, LICENSOR shall have the right to terminate this Agreement upon giving
sixty (60) days written notice of intent to terminate. Said notice
shall specify the failure, breach, or default. If LICENSEE fails to
make-up any payment in arrears, or otherwise fails to cure said breach or
default within sixty (60) days following written notice, then LICENSOR may
terminate this Agreement. If this Agreement is terminated, LICENSEE
shall not be relieved of any of its obligations to the date of termination,
and
LICENSOR may act to enforce LICENSEE’s obligations after any such
termination.
Q. Term
and Termination
(1) The
term of the Agreement shall continue, unless sooner terminated as otherwise
herein provided, until the expiration of the letters patent comprising the
Technology. The term of the Agreement for each Project shall be for
the earlier of: (i) the cessation of all activities with respect to the active
use of the Technology at any plant/facility using the Technology and located
or
to be located on the Project site by LICENSEE and/or any Designated affiliate;
or (ii) the life of the patent(s) used by LICENSEE and/or any Designated
Affiliate thereon. LICENSOR expressly agrees that LICENSEE and/or any
Designated Affiliate shall not be liable for any damages that may be incurred
by
LICENSOR as a result of the failure of LICENSEE or any Designated Affiliate
to
pay any royalties. The payment of royalty fees under this Agreement are for
the
life of the patent(s) used, the longest patent validity period
governing. Notwithstanding the foregoing, the termination of the
Agreement for one Project site due to the cessation of activities using the
Technology at such plant/facility does not terminate this Agreement with respect
to any other or future Projects.
(2) Nothing
herein to the contrary, this Agreement shall terminate, without notice from
LICENSOR, upon (a) the bankruptcy or insolvency of LICENSEE, (b) the filing
by
LICENSEE of a petition therefore, (c) LICENSEE’s assignment for the benefit of
creditors, (d) the appointment of a receiver for LICENSEE or of any of its
assets which appointment shall not be vacated within sixty (60) days thereafter,
or (e) the filing of any other petition based upon an alleged bankruptcy or
insolvency of LICENSEE.
(3) LICENSOR
shall not be liable to LICENSEE, for any reason, by virtue of the termination
of
this Agreement, for any compensation, reimbursement, expenditure, or statutory
or other indemnities, or for any investment, leases, or other commitments,
or
for any damages on account of the loss of prospective profits or anticipated
sales, or for any other loss, damage, expense, or matter growing out of such
termination.
(4) No
termination of this Agreement for any reason shall relieve LICENSEE of or
release LICENSEE from its obligations to be performed after such termination
has
become effective.
(5) Antishelving: If
LICENSEE discontinues its sales or manufacture of Licensed Product without
intent to resume, LICENSEE shall so notify LICENSOR within 30 days of such
discontinuance, whereupon LICENSOR shall have the right to terminate this
Agreement upon 30 days written notice, even if this Agreement has been converted
to a Non-Exclusive Grant. If LICENSEE does not begin manufacture or
sales of Licensed Product within one and one-half years from either the date
of
this Agreement or the date of the option trial exercise if an option is granted,
LICENSOR shall have the right to terminate this Agreement upon 30 days written
notice. LICENSOR at LICENSOR’s sole option may extend an additional
period of up to one (1) year to enable LICENSEE to resume or begin manufacture
or sales.
(6) Upon
the termination of this Agreement prior to expiration of the Term of this
Agreement, in addition to the other matters herein provided:
(a) All
rights, privileges, and licenses of LICENSEE hereunder shall terminate
immediately and revert to LICENSOR, and LICENSEE thereafter shall not make
any
use whatsoever of any Licensed Know-How or of any licensed Patent, PROVIDED
HOWEVER THAT this prohibition shall apply only in relation to licensed Know
How
which is not then published or in the public domain from a source other than
the
LICENSEE.
(b) LICENSEE
shall promptly return to LICENSOR all the Licensed Know How, including, but
not
limited to, blueprints, drawings, and specifications.
R. Assignment
and Succession
This
agreement shall not be assigned, pledged, or otherwise encumbered or disposed
of
by LICENSEE, whether in whole or in part, whether voluntarily or involuntarily,
by operation of law, without the prior consent of LICENSOR in each such
instance. LICENSEE shall not grant any Sub-Licenses
hereunder. Any attempt by LICENSEE to assign, pledge, or otherwise
encumber said License, or to grant any such Sub-License without written consent
from LICENSOR shall be null and void, and of no force or
effect. Furthermore, such attempt by LICENSEE to assign, encumber, or
sub-license shall result in the termination of this
Agreement. Notwithstanding anything to the contrary contained in this
Agreement, LICENSEE shall have the right, without the consent of LICENSOR,
to
appoint Agents on terms usual in the trade between unrelated parties to sell
the
Licensed Products in the Licensed Territory. And in addition where
local laws or conditions make appointment of agents either necessary or
desirable, the Licensee shall have the further right to appoint agents to
manufacture the Licensed Product.
S. Notice
All
notices, payments, or statements one Party to the other under this Agreement,
shall be in writing and shall be sent by first-class certified mail, return
receipt requested, postage prepaid, to the Party concerned at the address as
shown on page one (1) of this Agreement, or to any substituted address given
by
notice hereunder. Any such notice, payment, or statement shall be
considered sent or made on the day deposited in the mail and evidenced by
postmark.
T. Arbitration
If
any
dispute arises under this Agreement, the Parties shall negotiate in good faith
to settle such dispute. If the Parties cannot resolve such dispute
themselves, then either Party may submit the dispute to mediation by a mediator
approved by both Parties. The Parties both shall cooperate with the
mediator. If the parties cannot agree to any mediator, or if either
Party fails to abide by any decision of the mediator, then both Parties shall
submit the dispute to arbitration by any mutually-acceptable
arbitrator. If no arbitrator is mutually acceptable, then the Parties
shall submit the matter to arbitration under the rules of the American
Arbitration Association (AAA). Under any arbitration, both parties
shall be bound by the decision of the arbitration proceeding. The
arbitration hearing shall be held in the city of the arbitrator selected under
the rules of AAA. Division of the costs of arbitration shall be at
the discretion of the arbitrator. The arbitrator’s award shall be
final and enforceable in any court of competent jurisdiction.
U. Jurisdiction
This
Agreement shall be interpreted under and in accordance with the laws of
LICENSOR’s State, as provided in Section A above.
V. Miscellaneous
(1) LICENSOR
shall be held harmless and shall have no liability what so ever to LICENSEE
or
any other Party regarding the sale, manufacture, or use of the Licensed
Product.
(2) If
any of the terms or provisions of this Agreement are in conflict with any
applicable statute or rule of law, then such terms or provisions shall be deemed
inoperative to the extent that they may conflict therewith and shall be deemed
to be modified to conform to such statute or rule of law. The
voidance of one term does not void the entire Agreement.
(3) The
failure of either Party hereto to enforce any of the terms or provisions herein
shall not be deemed to be a waiver of any further or future breach of or default
in any of those or any other of the terms or provisions herein. Nor
shall the acceptance by LICENSOR of any money paid hereunder after any breach
or
default by LICENSEE of any one or more of the terms or provisions herein,
whether before or after notice or knowledge thereof or by LICENSOR, constitute
a
waiver by LICENSOR of such breach of default.
(4) The
headings of sections hereof are inserted for convenience only and are in no
way
to be construed as limiting any of the terms or provisions of this
Agreement.
(5) If
and when a patent issues, LICENSEE shall attach proper notices of the Licensed
Patents to all of the Licensed Products manufactured by LICENSEE and in a manner
conforming to the applicable law of the licensed Territory or any political
subdivision thereof. Patent pending markings will be appropriately
attached to Licensed Product if applicable until the patent issues.
(6) This
Agreement contains all the oral and written agreements, representations,
arrangements, and understandings between the Parties hereto. Any
rights which the respective parties hereto may have had under any previous
agreements, representations, arrangement, or understandings, whether written
or
oral, are hereby canceled and terminated. This Agreement can be
changed only by an instrument in writing executed by the Parties
hereto.
(7) Nothing
contained herein shall be construed as making the Parties hereto partners or
joint-ventures, or to render either party liable for any of the debts or
obligations of the other party hereto. Licensee shall in no way be
considered as being an agent or representative of LICENSOR in any dealings
which
LICENSEE may have with any third party, and LICENSEE may neither act for, nor
bind the Licensor in any such dealings.
W. Signatures
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LICENSOR:
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/s/ Xxxxxx X. Xxxxxxxxx |
LICENSEE:
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/s/ Xxxxxx X. Xxxxxxxxx, Xx. |
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(Signature)
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(Signature)
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Xxxxxx
X. Xxxxxxxxx, P.E., President
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Xxxxxx
X. Xxxxxxxxx, Xx., President
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Xxxxxxxxx
Engineering, Inc.
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SRS
Energy, Inc.
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Dated:
/s/ 4/6/05
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Dated:
/s/ 4/1/05
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