Exhibit 7.2
MEMORANDUM OF UNDERSTANDING
BETWEEN NEXGEN BIOTECHNOLOGIES INC. AND GUARDIAN BIOTECHNOLOGIES INC.
THIS AGREEMENT expresses the understanding between the parties to co-operate in
plant biotechnology research.
THE PARTIES ARE Nexgen Biotechnologies Inc (Here within called Nexgen)
Wonchon-Dong 00-0
Xxxxxx Xx, Xxxxxx Xxxx
X. Xxxxx. 305 370
AND Guardian Biotechnologies Inc. (Here within called Guardian)
IPW 110-Gymnasium Place
Saskatoon, Saskatchewan.
Canada. S7N 0W9
WHEREAS:
1. Nexgen is developing plant biotechnology products in molecular farming
and diagnostics for commercial applications;
2. Guardian is also developing plant biotechnology products in molecular
farming and diagnostics for commercial application;
3. Nexgen and Guardian wish to co-operate in undertaking plant
biotechnology research in the areas of molecular farming and
diagnostics of mutual benefit to both of their organizations.
4. The objectives of this agreement is for these parties to:
4.1 complete joint planning to identify for the parties to work
together in areas of mutual interest and benefit;
4.2 support researcher exchanges to help facilitate the development
and exchange of technology and knowledge;
4.3 provide a framework for confidentiality, intellectual ownership
and management for the parties to work together
4.4 work together as may be agreed to by both parties as per this
Agreement to develop technologies and biotechnology tools for
commercial application.
Signed by Nexgen /s/ Sun Xxx /s/
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Date: February 9, 2003 per: Dr. Sun Xxx
CEO/President
Nexgen
Signed by Guardian /s/ Xxxxx Xxxxxxxxxx /s/
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Date: February 9, 2003 per: Dr. Xxxxx Xxxxxxxxxx
General Manager
Guardian
