Contract
AGREEMENT
entered
into by and between
XXXXXXX Xxxx (residing at 2040
Budaörs, Xxxxx Xxxxxx köz 2/1., mother’s name: XXXX Xxxxxx, hereinafter: Inventor), on the one
hand,
and
VIDATECH
Technológiai Kutató, Fejlesztő és Szolgáltató Kft. (head office: 0000
Xxxxxxxx, Xxxxxxxxx út 94-96., represented by: KUN Xxxxxx Xx, Managing Director,
hereinafter: Legal
Successor), on the other hand,
as
follows:
1. An
invention transfer agreement was entered into between the Parties on 16 January
2008 on the subject matter of the process and equipment “Homogenous mixing with
water of crude oil derivatives and natural gas”, invented by the
Inventor.
The Legal
Successor paid HUF 1,750,000 say One million seven hundred and fifty thousand
Forints for the Inventor under the title of transfer fee.
2. An
invention transfer agreement was entered into between the Parties on 26 October
2007 on the subject matter of “Seawater desalination equipment induced by
ultrasound, impulse driven, cavitation operated”, invented by the
Inventor.
The
Legal Successor paid HUF 1,800,000 say One million eight hundred thousand
Forints for the Inventor under the title of transfer fee.
3. The
Parties dissolve the agreements described in Clauses 1 and 2 with common
consent.
4. The
Parties agree that the amounts received by the Inventor under the title of
transfer fee shall be due to Inventor under the title of indemnity, they should
not be repaid.
5. The
Parties declare that they have fully settled accounts by this dissolution in
relation to the agreements under Clauses 1 and 2 and they declare that they have
no further claims against each other.
The
Parties signed this agreement approvingly, as a deed in full conformity with
their will.
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Budapest,
30 October 2009
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Budapest,
27 October 2009
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/s/ Xxxx Xxxxxxx
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/s/ Xxxxxx Xxx
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XXXXXXX
Xxxx, Inventor
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KUN
Xxxxxx Xx, Managing Director
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Vidatech
Kft., Legal Successor
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Countersigned
by:
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Countersigned
by:
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/s/ Xx. Xxxxx Xxxxx
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/s/ Xx. Xxxxx Xxxxxxxx
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Dr.
XXXXX Xxxxx Attorney-at-Law
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Xx.
XXXXXXXX Gábor Attorney-at-Law
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