PATENT AND TECHNOLOGY PURCHASE AGREEMENTPatent and Technology Purchase Agreement • May 10th, 2018 • AMERICAN POWER GROUP Corp • Engines & turbines • Iowa
This Patent and Technology Installment Purchase Agreement (the “Agreement”) is made as of the 4th day of May, 2018 (the “Effective Date”), by and among M&R Development, Inc., an Iowa corporation, having a principal place of business at 61 Smith Circle, Algona Iowa, 50511 (“M&R”), Clean Power Technology LLC, an Iowa limited liability company, having a principal place of business at 61 Smith Circle, Algona, Iowa, 50511 (“CPT”), (M&R and CPT, the “Seller”) and American Power Group, Inc., an Iowa corporation, with a principal place of business at 2503 E. Poplar Street, Algona, Iowa 50511 (the “Buyer”), each referred to herein individually as a “Party” and collectively as the “Parties”.
