Biosphere Development Corp Clause Samples
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Biosphere Development Corp is a subsidiary of Global Environmental Energy Corp., (GEECF Nassau), a corporation registered in Commonwealth of Bahamas and publicly traded on stock markets both in Germany and the United States (GEECF: NASDAQ OTCBB; Deutsche Borse Frankfurt DE:GLI);
Biosphere Development Corp the subsidiary of Global Environmental Energy Corp (Part A) owns and patents The Biosphere Process System(TM) (System), a revolutionary micro power generation system which recovers, recycles and reuses natural resources by efficiently diverting 100 percent of municipal solid waste (MSW) away from landfill and standard methods of gasifying, The system can be powered with all manner of traditional fossil fuels(oil, gas & coal) or with a wide range at waste materials, agricultural, industrial, medical and municipal solid waste streams.
Biosphere Development Corp undertakes that it shall not terminate the above authorization to the PRC Parties provided that the PRC Parties have paid the agreed licensing fee. The abovementioned licensing fee shall agreed to be negotiated between the parties from time to time but will initially be set at at a rate of USD 10,000 per 1mw/hr.
Biosphere Development Corp will grant a license to the Biosphere System™ technology and relevant rights thereto to Licensing Asia in return for a license fee. This license will liscence Licensing Asia to l sub-license the PRC Parties in return for a license fee to manufacture, market, sell and operate the Biosphere System™ equipments;