0001214659-09-000928 Sample Contracts

PATENT LICENSE AGREEMENT
Patent License Agreement • April 15th, 2009 • GPS Industries, Inc. • Communications equipment, nec • Florida

THIS PATENT LICENSE AGREEMENT (this "Agreement") is effective as of 12 January 2009 (the "Effective Date"), by GPS Industries, Inc., a Nevada corporation having its principal place of business in Sarasota, Florida ("GPSI") and GolfView Investors, LLC, a Florida limited liability company with its principal place of business in Sarasota, Florida ("GolfView ").

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REPLACEMENT PATENT LICENSE AGREEMENT
Replacement Patent License Agreement • April 15th, 2009 • GPS Industries, Inc. • Communications equipment, nec • Delaware

This Replacement License Agreement ("Agreement") is entered into as of the 31st day of December, 2008 (the "Effective Date"), by GPS Industries, Inc., a Nevada corporation having its principal place of business in Sarasota, Florida ("GPSI"), Optimal Golf Solutions, Inc. (“OGSI”), a wholly-owned subsidiary of GPSI and Optimal I.P. Holdings, L.P., a Texas limited partnership having its principal place of business at 8017 Davis Mountain Pass, Austin, Texas 78720 ("Optimal").

AGREEMENT
Agreement • April 15th, 2009 • GPS Industries, Inc. • Communications equipment, nec • Florida

THIS AGREEMENT (this “Agreement”) is made as of 3 February 2009 by and between David L. Chessler, individually (“Executive”), DC Leasing, LLC d/b/a ProView GPS Technologies (“ProView”) and GPS Industries, Inc. (the “Company”).

SETTLEMENT AGREEMENT
Settlement Agreement • April 15th, 2009 • GPS Industries, Inc. • Communications equipment, nec • Texas

This Settlement Agreement is entered into as of the 31st day of December, 2008 (“Effective Date”), by GPS Industries, Inc., a Nevada corporation having its principal place of business in Sarasota, Florida (“GPSI”) and Optimal Golf Solutions, Inc. (“OGSI”), on one hand, and Optimal I.P. Holdings, L.P., a Texas limited partnership having its principal place of business at 700 Lavaca, Ste 720, Austin, Texas 78701 (“Optimal”), Darryl Cornish (“Cornish”) and Charles Huston (“Huston”), on the other hand (collectively, Huston and Cornish referred to herein as “Sellers”). All of the entities and individuals referenced above are referred to herein collectively as “the Parties.”

LEASE TO GPS INDUSTRIES, INC.
Lease • April 15th, 2009 • GPS Industries, Inc. • Communications equipment, nec • Florida
TERMINATION, RELEASE AND GPS CART SYSTEMS AGREEMENT
Termination, Release and GPS Cart Systems Agreement • April 15th, 2009 • GPS Industries, Inc. • Communications equipment, nec • Dubai

This TERMINATION, RELEASE AND GPS CART SYSTEMS AGREEMENT, dated as of March 26, 2009 (this “Agreement”), is by and between Leisurecorp LLC, a Dubai limited liability company (“Leisurecorp”), and GPS Industries, Inc., a Nevada corporation (“GPSI”).

FIRE AT THE FLAG™ ASSIGNMENT AGREEMENT
Assignment Agreement • April 15th, 2009 • GPS Industries, Inc. • Communications equipment, nec • Nevada

THIS FIRE AT THE FLAG™ ASSIGNMENT AGREEMENT (this “Agreement”) is made as of November __, 2008 by and between Robert C. Silzer, Sr., an individual with an address 3122 136th Street, Surrey, British Columbia (“Mr. Silzer”), Dream Shot, Inc., a company duly incorporated under the laws of Nevada with its registered office at 1880 – 1066 West Hastings Street, Vancouver, B.C. V6E 3X1 (“Dream Shot;” Dream Shot and Mr. Silzer are referred to collectively as the “Assignee”) and GPS Industries, Inc., a Nevada corporation having an office located at 1358 Fruitville Road, Suite 210, Sarasota, FL 34236 (the “Assignor”). For purposes of this Agreement, the term “Assignor” shall also refer to Golf Academies Ltd., a wholly-owned subsidiary of GPS Industries, Inc.

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