OFFICE OF TECHNOLOGY TRANSFER NILA BHAKUNI DIRECTOR
Exhibit 10.8
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OFFICE OF TECHNOLOGY TRANSFER
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XXXX XXXXXXX | ||
DIRECTOR | |||
December 16, 2010
Xx. Xxxxxxx Xxxxxxx
President Et CEO
Solterra Renewable
TechnoLogies, Inc.
ASU Research Park
0000 Xx Xxxxx Xxxxxxx
Tempe, AZ 85284
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Re: Amendment to the License Agreement between Solterra Renewable Technologies, Inc. and Xxxxxxx Xxxxx Xxxx University, Agreement # XXX LA 09-1-001 (the “License Agreement”)
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Dear Xxxxxxx:
This Letter agreement between Xxxxxxx Xxxxx Xxxx University (“Rice”) and Solterra Renewable Technologies, Inc. (“Solterra”) shall, upon execution by Xxxxxxxx, operate as an agreement to temporarily stay any exercise by Rice of Rice’s current termination rights as set forth in Section 5 of the License Agreement for a period of ninety (90) days after the date of this letter (i.e., through and including March 16, 2011). This stay is contingent upon Solterra working diligently and in good faith with Xxxx to agree upon mutually agreeable revisions to the Company Diligence Milestones in Appendix B of the License Agreement before the end of this 90 day stay period.
All other provisions of the License Agreement shall remain in full force and effect.
Please indicate your agreement to the terms of this Letter agreement as set forth above by signing where indicated below and returning a copy to my attention no later than December 22, 2010.
Sincerely,
/s/ XxXx Xxxxxxx
XxXx Xxxxxxx
Agreed and accepted:
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/s/ | |
Xxxxxxx Xxxxxxx | |||
President & CEO
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Solterra Renewable Technologies, Inc. |
E-mail: xxxxxxx@xxxx.xxx | Office: 000-000-0000 | Fax: 000-000-0000 | Rice University Office of Technology
Transfer– MS 705, P.O. Box 1892, Houston, Texas 77251-1892