|
Exhibit 10.9
TEKNIK-POWERGRID JV LICENSE
AGREEMENT
AGREEMENT made as of
August 1, 2006 between Powergrid Fitness, Inc. ("Powergrid"),
whose address is 8681 Cherry Lane, Laurel, Maryland 20707 and
Teknik-Powergrid, JV, LLC. ("JV") whose address is 36889 N. Tom
Darlington Drive, Suite B6-314, PO Box 2800-314, Carefree,
Arizona 85377 Attention: John Ward,
Powergrid and JV agree as follows:
BASIC PROVISIONS
1. Grant of Rights : Powergrid grants to JV an exclusive
license to develop, manufacture and distribute the consumer game
controller concept, product, design, and invention currently known
as Exer-station throughout the "Territory" during the "term" as
provided in this Agreement ("Agreement").
2. Exclusivity : The rights granted to JV herein are
granted on an Exclusive basis.
3. Property and Trademarks : The title, names, logos,
trademarks, art work, photographs of and associated with the
Powergrid Fitness Product line and the related marks and
design.
4. Products : Powergrid Fitness consumer game controller
products which utilize isometric muscle contractions to control the
game — the invention currently known as Exer-station. The JV
shall sell
| 
