LICENSE AND ASSET PURCHASE OPTION AGREEMENTLicense and Asset Purchase Option Agreement • July 2nd, 2012 • Biopack Environmental Solutions Inc. • Non-operating establishments • Connecticut
This LICENSE AND ASSET PURCHASE OPTION AGREEMENT (the “Agreement”) is made and entered into as of 12:01 a.m. on June 25, 2012 (the “Effective Time”), by and between Biopack Environmental Solutions, Inc., a Nevada corporation maintaining an address at 10 Saugatuck Ave., Westport, Connecticut 06880 (“BPAC”) and TriStar Consumer Products, Inc., a Nevada corporation and a subsidiary of BPAC (the “Licensee”), on the one hand, and NorthStar Consumer Products, LLC, a Connecticut limited liability company maintaining business offices at 10 Saugatuck Ave, Westport CT 06880 (“NCP” or, the “Licensor”). The Licensee and the Licensor are sometimes referred to, individually as a “Party” and collectively as the “Parties”.
