Exclusive license Agreement
This agreement entered into this date is to replace the exclusive agreement
entered into between WERE International Inc and Mas Acquisition II corp., which
later became Thermotek Enviromental inc. that, was dated July 6th 1997
Whereas the agreement dated July 6th required that a plant be constructed by
July 6th 2000, for the license agreement to continue to be exclusive.
Whereas the following undersigned desire to continue the exclusivity of the
license agreement,
Whereas Thermotek International Inc acquired all the assets and liabilities of
Thermotek Environmental Inc.,
This agreement entered into this day between WERE International Inc of
Burlington Iowa, an Iowa Corp, having a principal place of business in the city
of Burlington, Iowa hereafter referred to as WERE, and Thermotek International
Inc., a Delaware Corp, having a principal place of business at 0000X Xxxxxxxx
Xx., Xxxxxxxxxx, Xxxx, hereafter referred to as Thermotek.
Now therefore it is agreed as follows:
WERE grants Thermotek the exclusive right to use, develop, and commercialize and
sub-license Apparatus for converting waste material to Gaseous and Char.
Material, US patent number 5,104,490 and any pyrolytic process, apparatuses, and
inventions conceived by WERE including the right to utilize any patent currently
held by or any future patents issued to WERE for a period of thirty years from
the date of this Exclusive Licensing Agreement.
Thermotek agrees to issue to WERE 4,300,000 shares of Thermotek stock Thermotek
agrees to issue to WERE a non interest-bearing note for twenty five thousand
dollars.
Dated this 14 day of June 1999
ThermoTek International, Inc. Were International Inc of Iowa
By: /ss/Xxxxxx Xxxxxxx By: /ss/Xxxxx X. Xxxxx
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Xxxxxx Xxxxxxx Xxxxx X. Xxxxx
Assignment
Names of Inventor (1) Xxxxxx X. Xxxxxxx
(2) Xxxxxxx X. Xxxxxx
In consideration of the sum of one dollar ($1.00) and other good and
valuable considerations paid to each of the undersigned, the undersigned agrees
to assign, transfer, and set over to
Name of Assignee (5) W.E.R.E. International, Inc.
Address of Assignee (6) of 0000 Xx. Xxxxxxxx Xxxxxx, Xxxxxxxxxx, Xxxx 00000
Identification of (7) PROCESS FOR CONVERTING WASTE MATERIAL TO
Invention GASEOUS AND CHAR MATERIALS
for which the undersigned has (have) executed and application for patent in the
Untied States of America.
Date of Signing (8) on ________________________________
1) The undersigned agree(s) to execute all papers necessary in connection
with this application and any continuing or divisional applications thereof and
also to execute separate assignments in connection with such application as the
Assignee may deem necessary or expedient.
2) The undersigned agree(s) to execute all papers necessary in connection
with any interference which may be declared concerning this application or
continuation of division thereof and to cooperate with the Assignee in every way
possible in obtaining evidence and going forward with such interference.
3) The undersigned agree(s) to execute all papers and documents and perform
any act which may be necessary in connection with claims or provisions of the
International Convention for Protection of Industrial Property or similar
agreements.
4) The undersigned agree(s) to perform all affirmative acts which may be
necessary to obtain a grant of a valid United States patent to the Assignee.
5) The undersigned authorize(s) and request(s) the Commissioner of Patents
to issue any and all Letters, Patents of the United States resulting from said
application or any division or divisions or continuing applications thereof to
the said Assignee, as Assignee of the entire interest, herein assigned, and that
he has (they have) not executed, and will not execute, any agreement in conflict
herewith.
6) The undersigned hereby grant(s) the firm of XXXXX X. XXXX the power to
insert on this assignment any further identification which may be necessary of
desirable, in order to comply with the rules of the United States Patent Office
for recordation of this document.
In witness whereof, executed by the undersigned on the date(s) opposite the
undersigned name(s).
Date 4/30/84 /ss/Xxxxxx X. Xxxxxxx
Date 4-30-84 /ss/Xxxxxxx X. Xxxxxx
