Partnership Agreement Between The Bi-National Sustainability Laboratory, Inc. and Refinery Science Corp., a division of Nanoforce Technologies, Inc.
The
Bi-National Sustainability Laboratory, Inc. and
Refinery
Science Corp., a division of Nanoforce Technologies, Inc.
THIS
AGREEMENT, effective from the date of the last signature noted below, by
and
between the Bi-National Sustainability Laboratory, Inc. (hereinafter "BNSL"),
a
non-profit corporation, with principal offices located at 000 Xxx. Xxxxxxxxx,
Xxxxx Xxxxxx, XX 00000 and Refinery Science Corp. (hereinafter "RSC"), a
corporation and a division of Nanoforce Technologies, Inc. RSC principal
offices
are located at #000 Xxxxxxx Xxxx, 000 Xxxxxxxxxx, Xx Xxxx, XX
00000.
Whereas,
the overall mission of the BNSL is to use various strategies focused on emerging
technologies to create and implement economic development efforts within
the
entire U.S.- Mexico border region; and
Whereas,
these strategies include applied research and development, technology/product
development, prototype development and testing, advanced training, business
planning, mentoring and incubation, among other strategies to achieve its
goals;
and
Whereas,
the overall mission of RSC is to design, build, and operate refineries in
North
America that are flexible enough to efficiently convert any hydrocarbons
found
in the Western Hemisphere into clean liquid fuels; and
Whereas,
RSC's solution includes patented nano-technology processes and catalysts
whose
performance is an order of magnitude superior to existing catalysts used
in oil
refining, and which provides for a potential major market breakthrough by
making
North American heavy crudes economically competitive with Middle Eastern
light crudes; therefore,
Both
Parties agree to the following:
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1) The
BNSL agrees to provide RSC with up to 1,000 sq. ft.
of
its secured warehouse space and two cubicles in the secured BNSL
lab area
for two (2) years from the effective date of this agreement at
no cost for
the development of the nano-technology catalysts which will lead
to the
production of clean liquid fuels from the efficient conversion
of
hydrocarbons (hereinafter "development work").
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2) RSC
affirms that it has full authority to enter into this agreement
with the
BNSL and agrees, in good faith, to occupy and utilize the space
provided
by the BNSL, with a commitment to expend at least 25 hours per
week at the
BNSL performing the development
work.
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3)
RSC
shall occupy space within
the BNSL with equipment and personnel no later than
8/1/2006.
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4) The
BNSL agrees to provide $20,000 in funding, payable in two equal
increments, to RSC for the development work.
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a.
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The
first payment of $10,000 shall be made 90 days from the move-in
date
specified above, subject to RSC utilizing the space as indicated
in
Section 2 of this agreement.
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4
10) |
Limitations
on Use of Data and Information
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a. |
The
parties anticipate that under this Agreement it may be necessary
for any
party to transfer to any other information of a proprietary nature.
Proprietary information shall be clearly identified by the disclosing
party at the time of disclosure by appropriate stamp or markings
on the
document exchanged.
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b. |
Each
of the parties agrees that it will use the same reasonable efforts
to
protect such information as are used to protect its own proprietary
information. Disclosures
of such information shall be restricted to those individuals
who are
directly participating in the terms of this
agreement.
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c. |
Neither
party shall make any reproduction, disclosure, or use of such
proprietary
information except as follows:
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i. |
Such
information furnished by either party may be used, reproduced
and/or
disclosed in performing its obligations under this
Agreement.
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ii.
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Such
information may be used, reproduced and/or
disclosed for other
purposes only
in
accordance with prior written authorization received from
the disclosing
party.
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d. |
The
limitations on reproduction, disclosure, or use of proprietary
information
shall not apply to, and neither party shall be liable for reproduction,
disclosure, or use of proprietary information with respect to
which any of
the following conditions
exist:
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4
ii. |
If,
subsequent to the receipt thereof under this Agreement, (i) it
is
published by
the party furnishing it or is disclosed, by the party furnishing
it to others, including
the Government, without restriction; or (ii) it has been lawfully
obtained,
by the party receiving it, from other sources including the Government,
provided such other source did not receive it due to a breach of
this or any other agreement; or (iii) such information otherwise
comes within
the public knowledge or becomes generally known to the
public;
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iii. |
If
any part of the proprietary information has been or hereafter shall
be disclosed
in a United States patent issued to the party furnishing the proprietary
information hereunder, the limitations on such proprietary information
as is disclosed in the patent shall be only that afforded by
the United
States Patent Laws after the issuance of said patent.
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iv. |
If
any part of the proprietary information is required by law to bedisclosed. In
the event that information is required to be disclosed, the party
required to
make disclosure shall notify the other to allow that party to
assert whatever
exclusions or exemptions may be available to it under such law
or
regulation.
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e. |
Neither
the execution and delivery of this Agreement, nor the furnishing
of any
proprietary information by either party shall be construed as
granting to
the other party either expressly, by implication, estoppel, or
otherwise,
any license under any invention or patent now or hereafter owned
or
controlled by the party furnishing the
same.
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1l) |
This
Agreement pertains only to the development effort of the noted
nano-technology catalysts and related processes. The parties hereto
shall
be deemed to be independent entities and the employees of one parity
shall
not be deemed to be employees of the other. This Agreement shall
not
constitute, create, or in any way be interpreted as a joint venture,
partnership for the formation of an organization or business, agency
relationship or formal business organization of any kind.
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12) |
Each
party to this Agreement will bear its respective costs, risks,
and
liabilities incurred by it as a result of its obligations and efforts
under this Agreement. Therefore, neither party shall have any right
to any
reimbursement, payment, nor compensation of any kind from each
other
during the period prior described in this Agreement. Each party
agrees, to
the fullest extent permitted by law, to indemnify and hold harmless
the
other from and against any liabilities, damages, and costs (including
reasonable attorneys fees and cost of defense) arising out of the
death or
bodily injury to any person or the destruction or damage to any
property,
to the extent caused, during performance of services under this
Agreement,
by the negligent acts, errors and omissions of the either Party
or anyone
for whom each Party is legally responsible.
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14) |
This
Agreement may not be assigned or otherwise transferred by any party,
in
whole or in part, without the express prior written consent of
the other
party.
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15) |
This
Agreement contains the entire agreement of the parties and cancels
and
supersedes any previous understanding or agreement, whether written
or
oral. All changes or modifications to this Agreement must first
be agreed
to in writing between the parties and signed by the authorized
agents of
each party.
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16) |
This
Agreement, which is effective upon the date noted on the first
page, shall
automatically expire and be deemed terminated effective upon the
date of
the happening or occurrence of any one of the following events
or
conditions, whichever shall first occur:
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a. |
Written
notice is given at any time from either party no less than 90 days
in
advance of such termination.
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b. |
Mutual
agreement of the parties to terminate the
Agreement.
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c. |
The
expiration of a two (2) year period commencing on the effective
date of
this Agreement, unless such period is, extended by mutual agreement
of the
parties.
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For
Refinery Science Corp.:
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For
the Bi-National Sustainability
Laboratory:
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Xxxxx
Xxxxxxx
President
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Xxxx
Xxxxxxx
Executive
Director and CEO
BNSL
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July
21, 2006
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July
21, 2006
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Date
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Date
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