SATISFACTION AND PURCHASE AGREEMENTSatisfaction and Purchase Agreement • May 15th, 2006 • Dyadic International Inc • Services-commercial physical & biological research • Hong Kong
THIS SATISFACTION AND PURCHASE AGREEMENT (this “Agreement”) is made as of the 28th day of April, 2006 and effective as of January 1, 2006 (the “Effective Date”) by and between Dyadic International, Inc., a Delaware, USA corporation (“Dyadic Parent”), its wholly-owned subsidiary, Geneva Investment Holdings Limited, a British Virgin Islands corporation (“Geneva”) and its majority owned subsidiary, Puridet (Asia) Limited, a Hong Kong corporation (the “A-Subsidiary” and together with Dyadic Parent and Geneva, the “Dyadic Parties”), Robert Albert Smeaton (“Smeaton”) and Raymond Tsang (“Tsang”). The Dyadic Parties, Smeaton and Tsang are sometimes hereinafter collectively referred to as the “Parties” and individually as a “Party.” Certain capitalized terms not expressly defined elsewhere herein are defined in the glossary appearing in Article V hereof.
