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EXHIBIT 10.2
LICENSING AGREEMENT
FOR
PNEUMATIC HAND TOOL EXHAUST MUFFLER
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ hereby grants an exclusive license to Exhaust
Technologies, Inc. to manufacture, develop and market the
Pneumatic Hand Tool Exhaust Muffler (Patent #08/999,588) in the
United States as long as Exhaust Technologies, Inc. is in
compliance with the following conditions:
1. Exhaust Technologies, Inc. generates sales of the
Pneumatic Hand Tool Exhaust Muffler of $-0- in 1999,
$500,000 in 2000 and $1,000,000 for all years
thereafter.
2. Exhaust Technologies, Inc. has not filed bankruptcy nor
has been declared a bankrupt.
3. Exhaust Technologies, Inc. has not been acquired nor
merged into another company. If there is a merger or
sale of the Company, Sterlings must approve a license
transfer.
In consideration for granting this exclusive license, ▇▇▇▇▇▇ ▇.
▇▇▇▇▇▇▇▇ will receive 3,350,000 shares of Exhaust Technologies,
Inc. common stock.
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Exhaust Technologies, Inc.
President
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
