DESALINIZATION LICENSE AGREEMENT
This Agreement is made and is effective this 30th day of May, 2003.
BETWEEN : ETSURO SAKAGAMI, whose address is 6-11-14 Mirami Naruse, Machida City,
( hereinafter called "Licensee" ), of the Second Part,
WHEREAS "Licensor" owns the patented Ring-tube Seawater Desalinization Equipment hereinafter referred to
as "The Product" (see Definition 1.00), and would like to license the worldwide production and marketing rights
of such technology to the Licensee.
WHEREAS "Licensee", a publicly listed Company in the United States, desires to establish an exclusive licensing
agreement with the Licensor for the production and marketing of the Product throughout the world.
AND WHEREAS the Licensor and Licensee have subject to the terms and conditions set forth in this
Agreement, agreed to the licensing of the Product and Technology for the production and marketing of the
Product from the Technology on an exclusive basis throughout the world.
NOW THEREFORE this Agreement witnesses that in consideration of the premises hereto and covenants and
agreements hereinafter contained, the parties hereto covenant and agree to each other as follows:
SECTION 1 - DEFINITIONS
1.00 Product, Product(s) and Technology relates to the Ring-tube Desalinization Equipment which is described,
including the Patents detailed out in Schedule A and B, which is an integral part of this agreement.
The Technology described above and " Patent / Patent Rights " means the patent rights to any subject matter
claimed in or covered in Japan, United States and Canadian patent applications that have been assigned to the
Licensor or, any containing applications thereof, any patents issuing on said applications or continuing applications
including re-issue, improvement and any corresponding foreign patents or patent applications and other related
technology know how, intellectual property, trade secrets whether patentable or not now or in the future
developed by the Licensor.