0001607062-17-000224 Sample Contracts

LICENSE AGREEMENT Between
License Agreement • June 1st, 2017 • AFS Holdings, Inc. • Chemicals & allied products • Minnesota

THIS LICENSE AGREEMENT (the "Agreement") entered into effective May 10, 2017 (the "Effective Date") between Avalon Oil & Gas, Inc., a Nevada corporation, with its principal office at 310 Fourth Avenue South, Suite 7000, Minneapolis, Minnesota 55415 hereinafter referred to as "LICENSOR") and AFS Holdings, Inc., a Nevada corporation, with its principal office at 310 Fourth Avenue South, Suite 7000, Minneapolis, Minnesota 55415 (hereinafter referred to as "LICENSEE"). LICENSOR AND LICENSEE are hereinafter collectively referred to as the "Parties" and each a "Party".

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