LICENSE AGREEMENT
This Agreement supersedes/replaces any licensing Agreement before this
date, and further transfers all rights to develop, test, manufacture, and market
an Electronic Allergo-Sensitivity Test Device U.S. Patent No. 5413 113
("Device").
This License Agreement and transfer from ELAST Delaware Corporation to
ELAST Nevada Corporation becomes effective with the signing of this document.
Xxxxxx Xxxx Xxxxx, M.D. the Licensor of "Device" and ELAST Technologies, Inc. (A
Nevada Corporation) agree to the full rights of ELAST Technologies to develop,
test, manufacture, and market the Device for ELAST shares that have previously
been issued as consideration.
The parties agree to a 5 (five) year license Agreement with a unilateral
right by ELAST Technologies to extend the license Agreement for two additional 5
(five) year options. The parties agree to delete any other previous Agreements
and further Agree that this ELAST Patent No. 5413 113. Agreement only applies to
the "Device" in measurement of allergic responses to substances, i.e. foods,
chemicals, medicines, drugs. Any other use of said patent shall be previously
approved in writing by Xxxxxx Xxxx Milne as owner and licensor of patent No.
5413 113.
Therefore, the parties hereby transfer and/or amend any previous license
Agreements to the aforementioned 3 (three) 5 (five) year periods beginning of
date signed below.
Licensor: /s/ Xxxxxx X. Xxxxx, M.D.
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Xxxxxx X. Xxxxx, M.D.
Licensee: /s/ X.X. Xxxxxxx
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ELAST Technologies - (Delaware Corporation)
by X.X. Xxxxxxx, President
Licensee: /s/ X.X. Xxxxxxx
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(current) ELAST Technologies, Inc. (Nevada Corporation)
by X.X. Xxxxxxx, President
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