License for Silkyboard Patent Sample Contracts

PerfectData Corporation 110 West Easy Street Simi Valley, CA 93065 October 25, 2000
License for Silkyboard Patent • June 29th, 2001 • Perfectdata Corp • Miscellaneous manufacturing industries • New York

This Agreement and the licenses granted herein shall become effective as of the date hereof and shall remain in effect until February 1, 2001 at which time this Agreement terminates. This agreement shall also terminate in the event that Licensee sells 50,000 units of Licensed Product(s) based on orders it places exclusive of any orders provided by Business Solutions Group, Inc. or Inventor. Subject to the terms and conditions of this Agreement, Inventor grants to Licensee, and Licensee accepts, an exclusive right and license in the United States and its territories to use the Patent(s) to make, have made, distribute, use, offer for sale, market, advertise and sell 50,000 units of the Licensed Product(s). All packaging for the Licensed Product(s) manufactured by Licensee or at its direction shall bear the notice "Patent Pending" and a notice that "additional information is available at www.silkyboard.com." Subject to the terms and conditions of this Agreement, Inventor grants to License

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