|
|
|
|
Document Preview Agreement of Product Development And Funding |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Agreement of Product Development And Funding |
|||
|
Entities: |
HumaTech, Inc.; The Everett Stewart and Beulah Stewart Family Trust |
|||
|
Date: |
2002 |
|||
|
Size: |
Preview shows 2KB of 10KB total |
|||
|
Price: |
$41 |
|||
|
ID: |
#228781 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
AGREEMENT OF PRODUCT DEVELOPMENT
AND FUNDING
BETWEEN
THE EVERETT STEWART AND BEULAH STEWART FAMILY TRUST
(a Trust)
and
HUMATECH, INC.
(an Illinois corporation)
This Product Development and Funding Agreement, dated December 18, 1998, by and
between HUMATECH, INC., an Illinois corporation, ("HT"), located at 1203
Turncreek Lane, Katy, Texas 77450 and, THE EVERETT STWEART AND BEULAH STEWART
FAMILY TRUST, a Family Trust ("EBT"), located at 909 E. Sorenson Street, Mesa,
Arizona 85203-1119, in consideration of the mutual promises made herein, agree
as follows.
RECITALS
WHEREAS, HT has developed a product called a Turbo Feeder(TM) which is a turbine
driven, positive displacement pump to apply and distribute liquid humic-based
fertilizers and other products.
WHEREAS, HT has applied for United States and International patents on the Turbo
Feeder(TM).
WHEREAS, HT requires additional funding to produce plastic injection molds,
finalize patents, and other related production and manufacturing costs.
WHEREAS, EBT desires to facilitate the final development and production of the
Turbo Feeder(TM).
WHEREAS, EBT desires to fund a portion of the development and expects to be paid
royalties from the long term revenues of the Turbo Feeder(TM).
AGREEMENT
NOW, THEREFORE, in consideration of the premises and the mutual covenants and
agreements herein contained, and for the purpose of setting forth the terms and
conditions of said development and funding, the parties hereto have agreed and
do hereby agree, and subject to the conditions hereinafter set forth, as
|
End of Preview |
Home Intelligence Services Subscriptions News About Us