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s 1 CONDrI'fONS
<br />Lama wishes ro grant and the Clamor wishes ro acquire a Gavx ro utldm ill gkmed anti pr sprierery technology relakd to the apptlcstion of Posi•SheG Cover System, tlx material and
<br />equipment utlGred ro apply the same at s specific sire. In rnmideretloe of the mutual promixa set filth, Me partie hereto agree as fofiows:
<br />SECTTON 1•Definlllom 1.1 ,$4>tpl~i" means the Pai•Shell Cover System, it pre ahrct, Pmi•Paka, Patented technology, a other informados relating to the ux, creation anti
<br />appikedoe of the Posi-SIx1i Cover Sysem.
<br />1.2 "Terrlron" mans We area a aik where the Post-Shell Cover Syakm wifi be used. u describe d ov page ova of tht egreemeet.
<br />1J "~gtgpl" means my unexpired glen, iovenror'a certlfipk a odxr simper form of kgil pokcdon provided under the laws m any country es Tea)tay ie the world for the designs.
<br />ievevtlom a processes and inrpovemrob a additlom tMrero, ieckding Me eppGcatlom for such legal protecdoe.
<br />1.1 "Aovliotloe Evuloment" mean the equipment neasaery ro bke4 store bulk ingredients, and apply the Licevxd Products, inchiding, but not limited to, an LSC Pmi•Shell Applicator
<br />and ISC Haizeobl Sib.
<br />3ECTION 2-Lkeme or Htenb 2.f The llceeeor hereby greet and agrees ro gram the Lian::a the exclusive fight ro nddm Ux Lkenxd Product order the Paknt owad, assigned a
<br />Ilanxd to the Lianas during the term of Chia Agreement is the Territory, excluding my righn ro n rblkevse a sail Me licenxd Pmducb within tM Tenilay or elxwherc.
<br />SECTION 3•Applkatke Equlpmem 3.1 The Leanne kue ro fire Liamee sod Me Licenxe I rereby leases and hires from the Liana the Application Equipment
<br />3.2 Terms. The term of Uds Agreement respecting the Applcation Equipment commences on the ~ bk said ikms of Equipment naive et the Territory. The dundon is as tpecifxd on qge one
<br />of this agranient.
<br />3.3 ~. The fee fa Me Appikadov Equpment shall be the amount defined oo qge one. The Lip xexe shall qy the llama rent a described on page one in the amwnt anti at the times
<br />xt forth, at the o(fia of the Liaesa a ro such otlxr person enNa stanch other plea u the Liavs es rmy, from time to tlme, desigmk in writing.
<br />3.4 ~. The Liamee shall use Me Application Equipment in s cuePol and paper rmnver and stall comply wiM end Conran ro all ivstradons from liana relating ro the pnxsaion, ux
<br />and meinkmna m tuck Egilpmee4 Except n otlrttwix illowed by the liana. the AppOcado t Equipment shell oily be used ro apply the Licensed Ptoducn. The uu of the AppOcadon
<br />Equipment with non-Lianxd Product shell inmxdiakly kmdmk all weaendes under tNs Agreemem and ail Implied waaaedes, and shall be cooaidercd a non-curable default by the
<br />liana under that Agtamem.
<br />3J lsa4eestl4a• The Liames shill, at any and ill tlmes dafeg the budnets boon, have Ux fight o corer into and upon the pemixt where the Applicetlos Equipment may be looted fa tlx
<br />pupox of ieapetdeg the same a obxrving its ux. Kama start give Lkxma irtmiedisk ndlc ~ of any atmchmeet a any other jurliclal process effectlng my item of Equipment anti shall,
<br />wheeever requeakd by Liana, advix liana of the exact location of the equipment. The App. icadov Equipment shill remiln within the Territory, except with prig writnn anxnt of the
<br />licensor.
<br />3.6 ]plplyy WiMout pia coexnt of the Lkema, the licevta shall real ntke any altered oo, addition a irrrprrtvement ro the Equipment
<br />3.7 $9gl@. The Licevxe, at ib own eat sod expenx, shell keep Me Egilpmem in good repair, condrtion and waking order end shall famish any end all peas, mechanisms and devices
<br />required to keep the Equipmem in good mechaoinl and working ceder. The Iiames shill agree s r cooperate with the Litxesa wiM respect to Me parts rcqueated by the Liaaxe to meietiln
<br />the Equipment, end will ship the part within 24 hums, if ponibk, of remap of a pnreMx order by [ x Liames.
<br />3.8 Limited Warranlr. The Liana wurent ban numrtaetwen defects & normal wear the q M dexrihd; diexl power unit (not ieclading compoavt pro), hydnudc qmq & motes,
<br />wheels, axles A tpdegs, throttle and purrgi control keen, progressing avity pump, hydnvlk a I cooler and too fa the period of Chia Agreement area upon reaip by the Lianas of the
<br />malfuucdooing pen subject ro wetnoty, the Licemdr shall, witldn 24 htwa, it pmsibk, 6hip ro the [icevaa the wanankd part progriy repaired a, in the ilkmsdve, a new pert st the sole cost
<br />of the Licenses. The liana shill be rcsponsibk to the removal and~replacement of the defatlvt pert sod ill labor associated iherewiM. Service provided by the Liceesa shall be invaad
<br />at S55.Wdtour to travel, S75.OOOroor fa kbor. The Banta agraa to provide an equivalent mbs~ ikk et no Croat ro the Liames fa any equipment that is inoperable fa S comeadve days «
<br />rrtae ties ro filhae of Liana to provide regtxakd replacement pert. The titans make oo w unotle, either exptes a irrgrGed, as to any matter whauavtt. other Mm thou wamode
<br />included herin, inchding, wiNoul Gmittlon, tlx coeditloe of the equiprtrnt, it machmtbi0ty a ib fitness fa any peniculu purposes provided, however, the Liana dace wurant that Uie
<br />Appliadon Equipment h tunable fa the appllatlon of the Liaeeed Products ie the Teaitory.
<br />3.9 1(lek of Lae. The I.ianaae hereby uevme and shill ben Ilre entire rink of lea and damage o the Equipmen4 excluding ordieary rota and tear and detects in the equipment. No loss es
<br />damage to the Equipment a any put thereof shall impair soy obGgadoe of the Ilamee under Min t agreement which abed contlnue In Poll face cod effect. In the event of lea a damage of any
<br />kind whatever ro any item of Egilpmee4 the Litxmaa, at the opton d Me Llama, shall:
<br />(a) Place the same in good repair, corditloe and waking order; a
<br />(b) Replace the same wiM like Applleedoo Equipment in good regh, condition aed working order, a if the acme Ice dektmiad by Me Lamm to be lost, sroles, destroyed es
<br />damaged beyond repair, the lianxe stall:
<br />(c) Pay Kama Meretae in cub the stlglakd loss value.
<br />3.10 Terminsfloa Upon the expuadon a ktmitudan of Ibis Agnxment wIM respect ro any ilea of AppOadon Equiptnee4 fire liansec shall reran the same to the lianas is good rcpaa,
<br />condition and working order. ordinary weer and tear stapled.
<br />3.11 Imunoa. Kama atoll keep the Equipment inured egaiml all risks of lea a damage 1 forrr every crux whabaver fa trot less than the full replearant viltx (u specified in 3.9
<br />above) and shell tarty gbdc llsblGty and progrty damage itnmance covering opaadon of the Equ pmevt.
<br />3.12 Wem end thee. The llama shell leap Egilpmem free end clear of all levies, Gem and en mmtxutas anti shall pay Gcenu fora, rcgistratlon fors, uxaamen4 charges end axe which
<br />may now a Ixrcefkr be imposed oe the use of lire Equipment
<br />3.13 [ndemild. The Liamee atoll itdemnify tle Liaesa sgilmt end hold Me llama herrnkaa from any and ill elilms, actions, suits, Proceedings, tort, expenxs, dumges and
<br />IiabiGtks, inchdivg atrorneyb fees, visisg out ~ a connaroed wIM a rcsuMvg form Me pmxa: loo, we, ogrcdoo a rcnw of the Equipment. The Lkxma shell indermify tlx Liamee
<br />against and hold tlse Lcensee hervrktt from any and all claims, ecdom, suit, proceedings, costs. exgoxa, damage. and GebiGtles, iecluding attomeyb fora, wising ant of a conoeckd wiM
<br />the actions o[ Liaeeors errrployee wlMie tlx kaitay.
<br />3.14 t'narantee of Pennant ff tlse Lames, wiM regard to my ikm a ikms of Equipment fails to qy any rent a other amount herein provided fa within 10 days atM the same is due and
<br />gyable, a if the llama, wiM regard to my ikm a items of Equipneet fails to abxrv0. keep a perform any tdxr provision of the Agreement requued ro be olterved, kept tx grforrrred by
<br />Liceexe, the Licema shell have the right ro exereix any one of the following rcmeNea:
<br />(q To declare the entree amount of rem hereunder imrtxdiakly due std gyabk u to ~ my and all ikms of Application Equipment wiMwt nods a demand to liansa;
<br />(b) To sue fa and recover all tent a other gytnevb rhea uxrued a thercatter eccroi rag wiM respect ro any other iknt of Application Equipment:
<br />(c) To flee pmxuioe of any a ell ikms of AppBcadoe Equipment without derrarid c r nodes. wherever same may be iocak4 wlMout any Court ceder a other process of law.
<br />Licenxe hereby waives any and all damages accuioned by soh letting of porn lion. Avy stub taking of possession shall not constirok a termimdon of Min Lease es to any
<br />a all ikma of AppGcetlon Equipment unless the Llama expressly so nodtlfiea tM: Licteaes in writing;
<br />(d) To kmdmk Utla Agreernt u to any sod ill Ikms of Appliadon Equipment a
<br />(e) To pursue my oMe remedy et law a in equity. NolwlMstndiog eey othu repms:aaion a any other actors which the lianas may take, the Liames shall be and remain
<br />liable fa the PoII performance of all obligation on the pert of fix llama to be) txfanxd ender this Agrament
<br />SECTION 4lesolvency 0.1 Neitlrer this Agreemem na any iotpest therein is uaigvable a transferable by ogrsdoe of law. U any proceeding under a 13anknrprcy Act a act of
<br />receivership is commenced by and sgilmt the Licensee, a if tlx liavsee it adjudged insolvent, a If the
<br />licensee makes any assignment fa the beafit of it credirors, a if a writ of attxhmenl a execm Ion is levied on any ikm a ikma o[ fix Equipment and is ea released a satisfied within 10
<br />days thercafkr, a if a receiver fa appointed in say proaeNng a action to which the liaises is s patty wiM euthodty ro take pmxasion a control of any ikm a ikms of the Appdcatian
<br />Equipment, the llama shall have anti may exereix any oa of it remedies and Chia Agreement shell, at the option of the License, wiMout notice, immediakly termimk and shall not be
<br />treakd u en easel of Me [icenses after the exereix of said opdoe.
<br />0.2 The Application Equipment is and shell at all rimes be and remain tax sole and exclusive prt petty of the liana and the Licensee shall have no right, fide a interest therein a Mercto,
<br />except u txpeuly set forth.
<br />3ECfION S•Paymeet S.1 As coeaideratloe fa the kax of the Application Egdpmenl end TaMology Liceme, the Hansa shall qy Me Licenses rent ea specified on qge one es as
<br />otherwise provided by properly exeakd Addendum
<br />3.2 As comideratloo fa the wnsfe and dedvery of the Lianxd Product, Mt Iicemes shall qy the Liana in eccordavice wiM the tent u specified oe qge one of this agrcemtvt U the
<br />event Met file Liaaxe dace ea fulfill the rcquircment of the agretd upon term ill equipment & liceox fors previously made will tx adjusted anti invdad by Licenaa to reflect the
<br />appropriak ktm u follows. Weekly @ 51300.00: MonMly ~ 57500.00: Two Yeu Obllgadon ~ '~:4950.00/monM.
<br />S.3 Ail gynxet requied under tlds Section sheG be made In PoII withwt any dedcedom fa wilhl rolrllng a other axes a levy.
<br />SECTION 6Dues and Taxes Ql All dues, axes and ether exgnxa impmed by any Govan meet a Government Ageecy in coenectlon wiM Me acdvidea covduckd and gyment made
<br />pursuant to this Agreement shall be paid by fix lianas.
<br />SECTION 7•Publlclty sad Trademarks 7.1 The Lansee shall have the right to make reference, in advertising milerlila and otherwise to the Licema a the same of Me Liceoxd
<br />Product. 7.2 The lianas stall have the right ro pubiicim the ux of tlx Licensed Product el Me teaitory fa promodonil anti customer rckretxe purposes.
<br />SECTION 8•Term of Agreereeet end It Canallalkn 8,1 This Agreement is effective upon t x exeadon by fix parties hereto.
<br />8.2 Ail right and obGgadana of the parties xt fasts in this Agrcenxnt shall expire as apecifled a qge one es u modified by properly execukd Addendum. Licessa agrees Mat the licensee
<br />shell have the right to a two yea reawil under the same terrtt and condidona as Ure Agreement p ovided, however, Met upon said renewal by Me Liceexe, the price to Ix paid fes the Licenxd
<br />Product shall be the I.iansor's prcvil0eg prig fa said Liceaxd IRodtret upoe commencement a'the rcrsewel lean.
<br />8.3 Price to the expusdon desk of this Agreement es set forth ie this Agreemen4 Me Licensor may, in it tgrdoo, krminak Ods Agrament if the Licenses:
<br />(a) Fella to make aey gymem required under this Agrcertxet a
<br />(b) Is declared imalvent files a voluntary gddoo tes beilmipky a his filed agilea t it ao levolmary gddoe which is not aayed within 30 days dxreafier, a Gquidaks fa any
<br />mason oMer rhm as s pan of the reageilmdoe of the Liernsa u rte ongoing toeless r; a
<br />(c) Fella to perform soy otlxr obligation required under Min Agreement within 30 days after reaivleg earls of any ouch failure by the Licenses: es
<br />(d) Allows the rckue a dixkaure ro any vepermitted Mird parties of soy Restricted Wamadon in violation of the terms of this Agrtertxnt
<br />(e) Commit a noncurabk default unties this Agtesmeet
<br />S.4 N tlx event that this Agreement is termieated u provided herein, no amount paid under M s Agreement shall tx rcPoeded ro Me Licensee. Further, the liamee shall sax to use all
<br />Liceexd Product, a Appdadon Equipment. includieg.Licemed Product ilready ie the pmxtah ro of the Lkeaxe.
<br />SECTION 9•Governleg Law 9.1 This Agreement shall be coaarmed end governed by the laws of substsace of the Suk of New Ymk.
<br />SECTION 10•Misalleneous 10.1 The liaeeee'a fight and obligation under this Agrees ant may trot be assigad a transterrcd to another person es entity, excep wits the written
<br />approval of the Licenses.
<br />10.2 All caption in this Agrcement m given only fa covveilence: and have no legal tea.
<br />10.3 ro the event Mel any Section es pan of this Agramwt shall be held by a Caul of competen t juriadictlon to be unlawful es invalid, such Section a part shall be deemed xvercd from this
<br />Agreement and the validity thereof shall have eo effect on the validity of the remilnder of this Agr xment
<br />10.4 This Agreement comdroks the entire agreement between the parties wits rcspem ro the subj. xt matters hereof and ill (xeexiatieg negotiations, cortespovdena, a agreement are null and
<br />void ogre exewdon of this Ageemem.
<br />10.5 All amendment and ilkradoea of this Agrameet shall be made only pursuant ro a written it awment exewkd by the partie to this Agreement and rhea auMaixed repexetdve.
<br />10.6 Any notices, regtxat, atkment, aubmisaiom a other commuvicatiom required a permitk d Dy this AgRement shill be given ie writing and, fes all purposes, shall be deemed gives and
<br />effective ao ceaiers verified delivery desk, a atkr 10 days of tmigng, If disgtched by air mail I which 6haG be certified a registered, wits postge pre-pild),and properly addressed to either
<br />patty as desigm[ed Oa qge Dot Of thi6 agreement
<br />Posi-Shell® and Posi-Pales are registered trademarks of Landfill Service Corporation.
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