Exhibit 10.1

 
AMENDMENT TO AGREEMENT
 
This Amendment to Agreement (the "Amendment") is entered into as of August 18,
2006 by and between SulphCo, Inc. ("SulphCo") and SulphCo KorAsia Inc.
("KorAsia"). SulphCo and KorAsia are sometimes referred to herein as the
"Parties or a "Party'".

A, WHEREAS, SulphCo and OIL SC, Ltd, later renamed SulphCo KorAsia Inc, entered
into an Agreement dated February 22, 2005 (the "Agreement");

B. WHEREAS, the Agreement includes provision titled "7.10 Amendments" which
allows for written amendments to the Agreement;

C. WHEREAS, the Parties wish to amend certain sections of the Agreement to the
mutual benefit of both Parties;

NOW THEREFORE, in consideration of the mutual agreements contained herein, the
Parties agree as follows:

1.
Section 6.2 Exclusivity of the Agreement shall be amended in its entirety to
read;

"6.2 Exclusivity. Subject to the termination provisions below, SulphCo agrees
that SulphCo KorAsia shall be the only entity or person in South Korea that it
allows to have the demonstration capabilities and resulting Fees arrangement
relating to the IP for a period of 5 years from the date of this Amendment.
Further, SulphCo agrees that it shall not enter into any agreements providing
demonstration capabilities and resulting Fees arrangement relating to the IP, as
it relates to petroleum products, as contemplated herein with any third party in
Asia on terms more favorable than those contained herein, during the term of
this agreement. "

2.
Section 6.3. Termination, subsection (d) is hereby removed from the Agreement as
SulphCo KorAsia has introduced SulphCo to a Third Party within 18 months of
execution of the Agreement and therefore fulfilled it obligation.

3.
Section 4.3 Conditions to the Fees of the Agreement shall be amended in its
entirety to read:

"4.3 Conditions to the Fees. In order for SulphCo KorAsia to have a right to the
Fees, SulphCo KorAsia must do the following:

(a)
notify SulphCo in writing of all Third Party demonstrations at least ten days
prior to the demonstration, and allow SulphCo representatives to be present at
any demonstration;

--------------------------------------------------------------------------------

 

(b)  
cause the Third Party to execute a confidentiality agreement, the form and
substance of which must be approved by SulphCo, before such Third Party has
access to any of the IP; and

(c)  
allow SulphCo to do all negotiating with such Third Party relating to any
potential business relationship relating to the IP, with such assistance from
SulphCo KorAsia as reasonable requested by SulphCo.

Furthermore, it is understood by SulphCo KorAsia that any business arrangement
that SulphCo may enter into based upon section 4.1 will not be exclusive and
will not grant any rights of sublicense or transferability.

4.
Except as amended hereby, the original Agreement shall remain in full force and
effect in accordance with its terms.

AGREED TO:

For SulphCo, Inc.
 
For SulphCo KorAsia, Inc.
     
/s/ Rudolf W. Gunnerman

--------------------------------------------------------------------------------

Dr. Rudolf W. Gunnerman
 
/s/ Sang Ok. Lee

--------------------------------------------------------------------------------

Name: Sang Ok. Lee
Chairman and CEO
 
Title: President and CEO