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Exhibit 10.14.2
CONFIDENTIAL
AMENDMENT NO. 3
TO
MASTER LICENSE AGREEMENT
(formerly the Volume License Agreement)
THIS AMENDMENT NO. 3 TO MASTER LICENSE AGREEMENT ("Amendment
No. 3") is made and entered into as of this
day of July, 2003 by and between Syntroleum Corporation, a Delaware
corporation ("Licensor"), and Ivanhoe Energy Inc., a company
organized under the laws of the Yukon, Canada ("Licensee").
Recitals
A. WHEREAS, Licensor and Licensee previously entered into that
certain Volume License Agreement dated as of April 26, 2000,
as amended by Amendment No. 1 to Volume License Agreement
dated as of October 11, 2000 which, among other things,
changed the Volume License Agreement to a Master License Agreement.
(collectively, the "Master License Agreement") and by Amendment No.
2 dated May , 2002; and
B. WHEREAS, Licensor and Licensee desire to amend certain
provisions of the Master License Agreement as set forth in this
Amendment No. 3.
NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth in this Amendment No. 3, the Parties
agree as follows. Unless otherwise provided in this Amendment
No. 3, capitalized terms used in this Amendment No. 3 but
not defined shall have the meanings set forth in the Master License
Agreement.
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1.
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The definition of "Licensed Territory" at
Section 1.15 of the Master License Agreement and
Section 1.16 of the Site License Agreement is amended to read
as follows:
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" Licensed Territory " means all the
countries of the world and their respective territorial waters,
including the United States of America, Canada, Mexico, the
People’s Republic of China, India, and their respective
territorial waters, except for
any country and its territorial waters
(i) that, from time to time, may be prohibited, or whose
citizens (considered as a group) may be p
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