SOURCING AND DEVELOPMENT AGREEMENTSourcing and Development Agreement • May 9th, 2007 • Raser Technologies Inc • Motors & generators • New York
THIS SOURCING AND DEVELOPMENT AGREEMENT (the “Agreement”) is entered into as of the 6th day of April, 2007 (the “Effective Date”), by and between UTC Power Corporation, a corporation incorporated and existing under the laws of the State of Delaware and having an office and place of business at 195 Governor’s Highway, South Windsor, Connecticut (hereinafter referred to as “UTCP”), and Raser Technologies, Inc., a corporation incorporated and existing under the laws of the State of Utah and having an office and place of business at 5152 N. Edgewood Drive, Suite 375, Provo, Utah (hereinafter referred to as “RASER”). UTCP and RASER shall be hereinafter individually referred to as a “Party” and collectively referred to as the “Parties”.
