JOINT DEVELOPMENT AGREEMENTJoint Development Agreement • October 11th, 2011 • Verdant Automotive Corp • General bldg contractors - residential bldgs • Delaware
Verdant Automotive Corporation, a Delaware corporation (including its permitted assigns, “Verdant”), and WindStrip, LLC, a Delaware limited liability company (“WindStrip”) enter this Joint Development Agreement (“JDA”) as of this 30th day of September 2011. This JDA, together with its exhibits, includes the principal terms for the establishment of a business collaboration (the “Collaboration”) to develop and commercialize power storage and management systems (the “Storage Systems”) that are integrated into WindStrip’s modular wind and hybrid wind power systems (the “Generation Systems” and as integrated, the “Integrated Systems”).
