NON-EXCLUSIVE RIGHT OF PURCHASE
NON-EXCLUSIVE RIGHT OF PURCHASE
This Agreement executed this 23rd day of December, 2010 (the “Effective Date”),
BY AND BETWEEN
ECOFLUID SYSTEMS, INC., a British Columbia corporation located at 000-0000 Xxxxx Xxxx, Xxxxxxx, XX X0X 0X0, Xxxxxx
(“Ecofluid”)
AND
ALPHA WASTEWATER, INC., a Nevada corporation, located at 0000 Xxxxxxx Xxxx, Xxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx X0X 0X0
(“Alpha”)
WHEREAS Ecofluid is the owner of certain rights, title and interest in and to a certain patent and trademarks, (the “Ecofluid Patent and Trademarks”) as described in Schedule A attached to this Agreement; and
WHEREAS Ecofluid is desirous of selling the said rights for the sum as stated in the terms below; and
WHEREAS Ecofluid and is prepared to grant a Non-Exclusive Right of Purchase to Alpha Wastewater, Inc. subject to the following terms and conditions.
Terms & Conditions:
(1)
the term of this Agreement shall expire MARCH 31, 2011;
(2)
The total business of Ecofluid, including the Ecofluid patent and Trademarks as described in Schedule A shall form and be part of the rights, title and interest;
(3)
The total sum for the purchase of paragraph (2) above stated shall be two million US Dollars (US $2,000,000);
(4)
Xxxxx Xxxxxxx, P.Eng., agrees to remain with Alpha after the buyout for a minimum of three (3) years, in the capacity as technical and operations advisor; and
(5)
A formal legal agreement shall be prepared at the time the Non-Exclusive Right of Purchase is presented for closing within the terms and conditions of this Agreement.
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the Effective Date.
ECOFLUID SYSTEMS, INC.
/s/Xxxxx X. Xxxxxxx |
| Xxxxxxxxx Xxxx |
BY: Xxxxx X. Xxxxxxx ITS: President |
| Witness Xxxxxxxxx Xxxx (printed name) |
ASIAMERA CAPITAL, INC./ALPHA WASTEWATER, INC.
/s/ Xxxxx Xxxxx |
| Xxxxxxxxx Xxxx |
BY: Xxxxx Xxxxx ITS: President |
| Witness Xxxxxxxxx Xxxx (printed name) |
Schedule A: Licensor Patent and Trademarks
USBF
USBF is a Trademark registered to ECOfluid Systems Inc. by the Canadian Intellectual Property Office (Reg. No. TMA563,928, File No. 1035867) and the United States Patent and Trademark Office (Reg. No. 2,787,937) for mechanical, chemical and biological wastewater purification and treatment units: Wastewater purification and treatment systems comprised of upflow sludge blanket filtration and single sludge denitrification and rheologic thickening.
IN Class 11 (U.S. CLS 13, 21, 23, 31 and 34).
United States Patent
Patent NO.: US 7,270,750 B2
Date of Patent: Sep. 18, 2007
(54) CLARIFIER RECYCLE SYSTEM DESIGN FOR USE IN WASTEWATER TREATMENT SYSTEM (75)
A recycle system for use in a waste treatment facility utilizing either partially fluidized or combined fluidized bed filtration principles comprising the use of discrete passage-ways to allow flow between the bottom of the clarifier and the aeration compartment, a baffle positioned between bub-blers in the aeration compartment and the clarifier openings, and a conduit positioned in the clarifier to provide flow between the clarifier and the anoxic compartment that helps prevent the formation of settled sludge pockets, allows for almost complete evacuation of the solids during “no flow” conditions, and improves on other inefficient conditions inherent in treatment systems using prior art recycle designs.