Separation Agreement and Mutual ReleaseSeparation Agreement and Mutual Release • June 6th, 2008 • Xsunx Inc • Unsupported plastics film & sheet
This Separation Agreement and Mutual Release ("Agreement") is made this 30 day of May, 2008 (“Effective Date”), by and between XsunX, Inc., a Colorado corporation (“XsX”), on the one hand, and MVSystems, Inc., a Colorado corporation (“MVS”) and Dr. Arun Madan (“Madan”), on the other hand. XsX, MVS and Madan are collectively referred to herein as the “Parties.” Each of XsX, MVS and Madan is individually referred to herein as a “Party.”
SUBLEASE AGREEMENTSublease Agreement • June 6th, 2008 • Xsunx Inc • Unsupported plastics film & sheet
This Sublease Agreement (“Sublease”) is made and entered into by XsunX, Inc., a Colorado corporation (“Sublandlord”), and MVSystems, Inc., a Colorado corporation (“Subtenant”) as of May 30, 2008. For valuable consideration, the receipt and adequacy of which are hereby acknowledged, Sublandlord and Subtenant agree as follows:
NON-EXCLUSIVE LICENSE AND CROSS-LICENSE AGREEMENTNon-Exclusive License and Cross-License Agreement • June 6th, 2008 • Xsunx Inc • Unsupported plastics film & sheet • Colorado
This Non-Exclusive License and Cross-License Agreement (the “License”) is made and entered into effective as of May 30, 2008 (“Effective Date”) by and between the XsunX, Inc., a Colorado Corporation ("XsunX"), MVSystems, Inc., a Colorado Corporation (“MVSI”), and Arun Madan (“Dr. Madan”), an individual (collectively, the “MVS Parties”). XsunX and the MVS Parties hereinafter may be referred to individually as a “party” and collectively as the “parties.”
