Document:

Exhibit
10.12

    
      
        
          
            	  
        
	
                    Crown
      Iron Works
Company

                  

          

        

      

    

    
       

    

    PROPOSAL
CO5-407 - SUPPLEMENTAL

     

    TECHNOLOGY
LICENSE AGREEMENT

     

    CONTINUOUS
ACID CONDITIONING AND SILICA

    PRETREATMENT,
FFA PRETREATMENT AND

    METHYL
ESTER TRANSESTERIFICATION

    FOR
CRUDE PALM OIL WITH GLYCERINE REFINING

     

    Capacity:

     

    300
Metric Tons per Day Acid Conditioning and Silica Pretreatment

    300
Metric Tons per Day FFA/Volatile Pretreatment

    300
Metric Tons per Day Transesterification

    30
Metric Tons per Day Glycerin Refining

     

    Prepared
for:

     

    MISSION
BIOTECHNOLOGIES SDN. BHD.

    Attn:
M. S. Nathan

    50-4-1,
Level 4

    Wisma
UOA Damansara

    50
Jalan Dungun

    50490
Kuala Lumpur

    Malaysia

     

    Proposal
No.: C05-407 - Supplemental

     

    December
14, 2005

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    THIS
AGREEMENT (hereinafter called
“Agreement”), Proposal
C05-407-Supplemental, is made as of the 17th day of December 2005, by and
between Crown Iron Works Company (with a mailing address of 2500 West County
Road C, Roseville, MN 55113 USA (hereinafter called “Licensor”)

     

    And

     

    Mission
Biotechnologies Sdn. Bhd., 50-4-1, Level 4, Wisma UOA Damansara, 50 Jalan
Dungun, 50490 Kuala Lumpur, Malaysia (hereinafter called the “Licensee” or
the Project Agreement “Company”) .

     

    This
agreement is subordinate to the Equipment Purchase and Sale Agreement and
subject to all terms, conditions, and provisions in that Agreement.

     

    WHEREAS

     

    
      	
              A.

            	
              The
      LICENSOR has the know-how to use the equipment to produce Biodiesel and
      by-products and which equipment will be supplied by the LICENSOR to the
      LICENSEE under a Equipment Purchase and Sale Agreement dated 2nd
      December 2005 (the “Project
Agreement”).

            

    

     

    
      	
              B.

            	
              The
      LICENSEE is desirous of producing the Biodiesel on a commercial
      basis;

            

    

     

    NOW IT IS HEREBY AGREED as
follows:

     

    
      	
              1.

            	
              DEFINITIONS

            

    

     

    
      	
              1.1

            	
              In
      this Agreement the following terms shall have the following
      meanings:

            

    

     

    
      
        	
                Terms

              	
                Meanings

              
	 	 
	
                (a)   the
      Know-how

              	
                The
      various techniques, data and all technical information, software, patents
      and other knowledge now in the possession of the LICENSOR and relating to
      the production of the Biodiesel as defined in clause 1(b) which have been
      tested on a laboratory or commercial plant scale including:

                  

                a.      information
      on the ingredients and the percentage of each which is used in producing
      the Biodiesel;

                  

                b.      the
      process of producing the Biodiesel including the conditions of temperature
      and pressure required;

                  

                c.      information
      on the performance characteristics of the
  Biodiesel.

              

      

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        
          
            
              	 
      	
                      in
      all cases limited to the extent that such Know-How is reasonably required
      by the LICENSEE for the operation of the plant delivered by the LICENSOR
      to the LICENSEE (the “Plant”).

                    
	 	 
	
                      (b)  
      ‘Biodiesel’

                    	
                      Fatty
      Acid Methyl Esther according to EN14214 produced using the Know-how, and
      includes any Biodiesel resulting from any modification, variation,
      improvement or adaptation whether from laboratory, pilot or scaled up
      commercial production.

                    
	 	 
	
                      (c)  
      ‘By-products’

                    	
                      Glycerine
      and Distillate of a certain specification

                    
	 	 
	
                      (d)  
      ‘Commencement Date’

                    	
                      Shall
      mean the date defined as Commencement Date in the Project
      Agreement.

                    
	 	 

            

          

        

      

    

    
      	
              2.

            	
              DURATION

            

    

     

    
      	
              2.1

            	
              This
      Agreement shall come into force on the Commencement Date and subject as
      herein provided it shall remain in force until the expiry of patents, if
      any, that are licensed to the Company by the LICENSOR under this Agreement
      or at the end of the actual or intended working life (whichever is longer)
      of the Plant, or until validly
terminated;

            

    

     

    
      	
              3.

            	
              COMMUNICATION
      OF THE KNOW-HOW, TRIAL PRODUCTION AND TECHNICAL
  ASSISTANCE

            

    

     

    
      	
              3.1

            	
              Immediately
      upon this Agreement coming into force, the LICENSOR shall communicate to
      the Company the Know-how to enable the Company to carry out manufacture of
      the Biodiesel at the Plant.

            

    

     

    
      	
              3.2

            	
              The
      LICENSOR shall endeavor to provide the Company with a competent person to
      act as the Company’s Technical Advisor for a period of 12 months from
      ‘Completion of Erection (as defined in the Project Agreement) at mutually
      agreed terms of remuneration and compensation payable by the Company to
      the LICENSOR.

            

    

     

    
      	
              3.3

            	
              The
      LICENSOR shall if requested provide the Company from time to time with a
      person or persons able to supply such technical advice and help on the
      Biodiesel as the Company considers necessary to assist with the
      manufacture of the Biodiesel at the rates provided in the Project
      Agreement.

            

    

     

    
      	
              4.

            	
              NOT
      USED

            

    

     

    
      	
              5.

            	
              INTELLECTUAL
      PROPERTY

            

    

     

    
      	
              5.1

            	
              All
      intellectual property arising from this Agreement, including any
      improvement, variation or modification to the Biodiesel or process shall
      belong to the LICENSOR but the Company shall have the non-exclusive
      license to use whatever intellectual property arising from this Agreement
      including any patents owned by the LICENSOR for commercial production of
      the Biodiesel at the Plant as long as such patents are valid and this
      Agreement is in force.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              5.2

            	
              The
      LICENSOR warrants that the Biodiesel or any process used in producing the
      Biodiesel does not or will not infringe any patent or other rights of
      third parties and shall keep the Company indemnified in case of any claims
      against the company due to such infringement of rights of third
      parties.

            

    

     

    
      	
              5.3

            	
              All
      information provided by the Licensor shall be used by the Company for the
      single plant to be located in Kuantan Port, Malaysia, as described in the
      Project Agreement.  This License shall remain with the plant,
      but will not be transferred to a second installation or used for any other
      application or installation without the express written consent of the
      Licensor.

            

    

     

    
      	
              6.

            	
              SECRECY
      OF INFORMATION

            

    

     

    
      	
              6.1

            	
              The
      Company undertakes to treat the Know-how and all other information which
      it receives under the provisions hereof as strictly
      confidential.

            

    

     

    
      	
              7.

            	
              COMPANY’S
      COVENANTS

            

    

     

    
      	
              7.1

            	
              The
      Company hereby agrees with the LICENSOR that it shall be responsible for
      manufacturing the Biodiesel in a proper and workmanlike manner in
      accordance with the established methods and
  standards

            

    

     

    
      	
              7.2

            	
              Any
      claims brought by customers of the Biodiesel manufactured by the Company
      hereunder shall be the sole responsibility of the Company and the LICENSOR
      shall not be liable in respect of any loss or damage whatsoever suffered
      or incurred by any person in any circumstances and howsoever caused and
      whether as a consequence or arising out of or caused directly or
      indirectly by the Biodiesel or any use thereof and the Company covenants
      with the LICENSOR that it will indemnify and keep indemnified the LICENSOR
      against any such claim as aforesaid or any costs or expensed incurred as a
      result thereof.

            

    

     

    
      	
              8.

            	
              EXCLUSIVITY
      (Not Used.)

            

    

     

    
      	
              9.

            	
              EXEMPTIONS

            

    

     

    
      	
              9.1

            	
              The
      LICENSOR shall not be liable to the Company or any third parties for any
      losses or damages however they are caused arising from commercial
      production of the Biodiesel or resulting from the use, production,
      manufacture, sale, lease, consumption or advertisement of the Biodiesel
      including negligence on the part of the Company or any such third party
      and the Company shall indemnify and hold the LICENSOR harmless against any
      civil actions from any third party arising
  therefrom.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              10.

            	
              TERMINATION

            

    

     

    
      	
              10.1

            	
              The
      LICENSOR shall on the happening of any of the following events be entitled
      by notice in writing to the Company to terminate this Agreement with
      immediate effect namely:

            

    

     

    a.      If
any payments hereunder shall be in arrears and shall remain unpaid for a period
of 180 days after the same shall have been due; or

     

    b.      If
the Company shall have committed or knowingly permitted a breach of any of the
other terms herein contained and on its part to be performed and observed;
or

     

    c.      If
the Company shall become insolvent.

     

    
      	
              10.2

            	
              Any
      termination of this Agreement shall be without prejudice to any right of
      action vested in either party hereto or to any provisions herein relating
      to accounting or payment of fees or confidentiality or
      secrecy.

            

    

     

    
      	
              11.

            	
              AMENDMENTS
      AND LANGUAGE

            

    

     

    
      	
              11.1

            	
              This
      Agreement has been drawn up on the understanding reached by both parties
      hereto and it overrides and supersedes any prior promises representations
      understandings or implications;

            

    

     

    
      	
              11.2

            	
              Any
      amendment to any of the provisions of this Agreement shall be in writing
      and shall be signed by duly authorized officials of each of the
      parties.

            

    

     

    
      	
              12.

            	
              NOTICES

            

    

     

    
      	
              12.1

            	
              Any
      notice document or communication given by either party to the other in
      relation to this Agreement or in any proceedings connected with it may
      (without prejudice to the use of any other method) be given by post and
      shall be sufficiently served if posted in a prepaid registered airmail
      cover addressed to the last known address of the party to be served and
      such service shall be deemed to have been effected 14 days after
      posting.

            

    

     

    
      	
              12.2

            	
              All
      documents given or served under or in connection with this Agreement shall
      be given in the English language.

            

    

     

    
      	
              13.

            	
              INTERPRETATION

            

    

     

    
      	
              13.1

            	
              This
      Agreement shall be personal to the Company which shall not have the right
      to assign the benefit of this Agreement or grant any sublicense of the
      rights granted by this Agreement.

            

    

     

    
      	
              13.2

            	
              This
      Agreement shall be governed by the Laws of
  Australia.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              13.3

            	
              If
      any dispute or difference shall arise between the parties hereto touching
      any clause, matter or thing herein contained or the operation or
      construction hereof or any matter or thing in any way connected with this
      Agreement or the breach, termination or invalidity thereof or the rights,
      duties or liabilities of any such case the dispute or difference shall be
      referred to one or more arbitrators in accordance with and subject to the
      provisions of the Rules of the United Nations Commission on International
      Trade Law in force at the date of submission.  Such arbitration
      shall be held in the United Kingdom, and shall be conducted in English
      language;

            

    

     

    
      	
              13.4

            	
              In
      the event that any provision of this Agreement is declared or found to be
      prohibited by law then that provision shall be deemed to be a separate and
      distinct provision which shall not affect the validity or enforceability
      of the remaining provisions hereof and such provisions shall be deemed to
      have been inapplicable to this Agreement from the date hereof and the
      parties shall replace the invalid, illegal, void or unenforceable
      provision(s) by new but valid, legally permitted and enforceable
      provision(s), which come as close as possible to the original intentions
      of the Parties.

            

    

     

    
      	
              14.

            	
              WAIVER
      OF DEFAULTS

            

    

     

    In the
event that either party fails to perform any of its obligations under this
Agreement no waiver of any breach of those obligations shall constitute a waiver
of any further or continuing breach of the same or of a different kind nor shall
any delay or omission by the other party to exercise any right arising from any
default affect or prejudice the other party’s rights as to the same or any
future default.

     

    
      	
              15.

            	
              FORCE
      MAJEURE

            

    

     

    Both
parties shall be released from their respective obligations in the event of a
national emergency or war or prohibitive governmental regulations or if any
other cause beyond the control of the parties shall render performance of the
Agreement impossible for a whereupon:

     

    a.      All
sums due and unpaid to the LICENSOR shall be paid immediately and

     

    b.      All
rights conferred upon the LICENSOR under this Agreement shall terminate
immediately.

     

    
      	
              16.

            	
              APPROVAL
      OF AUTHORITIES

            

    

     

    
      	
              16.1

            	
              The
      Company shall at its own expense procure all necessary approvals and
      consents of those public authorities if any, applicable to this Agreement
      and its operation.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    WITNESS WHEREOF IN, the
parties have hereunto set their hands the day and year first
above-written.

     

    
      
        	
                Licensor

              	 	
                Company

              
	 
      	 	 
      
	
                Crown
      Iron Works Company

              	 	
                Mission
      Biotechnologies Sdn. Bhd.

              
	 
      	 	 
      
	
                By:

              	
                /s/ Dan Anderson

              	 	
                By:

              	
                /s/ Arvind Bansal

              
	 
      	
                Dan
      Anderson

              	 	 
      	
                Arvind
      Bansal

              
	 
      	 
      	 	 
      	 
      
	
                Title:

              	
                Director

              	 	
                Title:

              	
                DirectorUnassociated Document

    Exhibit
10.13

     

    MISSION
BIOFUELS SDN BHD.

     

    -
and -

     

    AXENS

     

    
      
        

      

    

     

    TECHNOLOGY
TRANSFER AGREEMENT N° 07/3071

     

    
      
        

      

    

     

    
      	
              PROCESS:

            	
              Esterfip-HTM

            

    

     

    
      	
              PROJECT:

            	
              Biodiesel
      production Unit

            

    

    
      
         

      

      
        - 1 / 45
-

        
          

        

      

      
         

      

    

    TABLE OF
CONTENTS

     

    
      
        
          	
                  Article 1 - Definitions

                	
                  4

                
	 
      	 
      
	
                  Article 2 - Purpose of this
      Agreement

                	
                  6

                
	 
      	 
      
	
                  Article 3 - Grant of
license

                	
                  6

                
	 
      	 
      
	
                  Article 4 - LICENSOR's
      INFORMATION

                	
                  7

                
	 
      	 
      
	
                  Article 5 - Exchange of IMPROVEMENTS,
      Grant-back

                	
                  7

                
	 
      	 
      
	
                  Article 6 - LICENSEE's
      undertaking

                	
                  8

                
	 
      	 
      
	
                  Article 7 - Assistance and services from
      LICENSOR

                	
                  9

                
	 
      	 
      
	
                  Article 8 - Financials

                	
                  10

                
	 
      	 
      
	
                  Article 9 - Confidentiality

                	
                  14

                
	 
      	 
      
	
                  Article 10 - Patent or other intellectual property
      infringement

                	
                  16

                
	 
      	 
      
	
                  Article 11 - Warranties and
      liabilities

                	
                  17

                
	 
      	 
      
	
                  Article 12 - Other
    agreements

                	
                  19

                
	 
      	 
      
	
                  Article 13 - Assignment

                	
                  19

                
	 
      	 
      
	
                  Article 14 - Miscellaneous

                	
                  19

                
	 
      	 
      
	
                  Article 15 - Notices

                	
                  20

                
	 
      	 
      
	
                  Article 16 - Conciliation,
      arbitration

                	
                  21

                
	 
      	 
      
	
                  Article 17 - Effective Date,
      termination

                	
                  21

                

        

      

    

    
      
         

      

      
        - 2 / 45
-

        
          

        

      

      
         

      

    

    SCHEDULE - TECHNICAL
GUARANTEES

    
       

      
        	
                A

              	
                DEFINITIONS

              

      

       

      
        	
                B

              	
                CONDITIONS
      OF GUARANTEE

              

      

       

      
        	
                C

              	
                LICENSOR's
      ASSISTANCE - RULES OF CONDUCT OF LICENSOR
  ADVISORS

              

      

       

      
        	
                 
      

              	
                1.
      Assistance during the initial stages of operation of the LICENSED
      UNIT

              

      

      
        	
                 
      

              	
                2.
      Rules of conduct of LICENSOR's
advisors

              

      

       

      
        	
                D

              	
                START-UP
      AND TESTING

              

      

       

      
        	
                 
      

              	
                1.
      Inspection, CATALYST loading and
start-up

              

      

      
        	
                 
      

              	
                2.
      PERFORMANCES TEST PERIOD
proceedings

              

      

      
        	
                 
      

              	
                3.
      CATA LIFE PERIOD proceedings

              

      

      
        	
                 
      

              	
                4.
      Substitute guarantees

              

      

       

      
        	
                E

              	
                DELAYS
      AND INTERRUPTIONS

              

      

       

      
        	
                F

              	
                FAILURE
      TO MEET GUARANTEES

              

      

       

      
        	
                G

              	
                MODIFICATIONS
      TO THE LICENSED UNIT

              

      

       

      
        	
                H

              	
                LIQUIDATED
      DAMAGES

              

      

       

      
        	
                I

              	
                GUARANTEE
      FIGURES

              

      

       

      
        	
                 
      

              	
                1.
      CHARGE Specifications

              

      

      
        	
                 
      

              	
                2.
      CATALYST

              

      

      
        	
                 
      

              	
                3.
      PRODUCT Specifications

              

      

      
        	
                 
      

              	
                4.
      PERFORMANCES Guarantees

              

      

      
        	
                 
      

              	
                5.
      CATALYST Guarantee

              

      

       

      
        	
                J

              	
                LIQUIDATED
      DAMAGES COMPUTATION

              

      

       

      
        	
                 
      

              	
                1.
      PERFORMANCES Liquidated Damages
Computation

              

      

      
        	
                 
      

              	
                2.
      CATALYST Replacement Computation

              

      

       

      
        	
                K

              	
                SETTLEMENT

              

      

    

    
      
         

      

      
        - 3 / 45
-

        
          

        

      

      
         

      

    

    It is
agreed by and between:

     

    AXENS, a
French société anonyme having its registered office at 89 boulevard Franklin
Roosevelt, F-92508 Rueil-Malmaison, France (hereinafter referred to as "LICENSOR"); and

     

    MISSION
BIOFUELS Sdn Bhd., (Company No. 735218-A), a company established under the laws
of Malaysia whose principal place of business is at Suite 50-4-1, 4th Floor
Wisma UOA Damansara 50 Jalan Dungun 50490 Kuala Lumpur Malaysia (hereinafter
referred to as "LICENSEE").

     

    WHEREAS:

     

    LICENSEE
desires to procure, under LICENSEE's sole responsibility, the detailed
engineering, procurement, expediting, inspection, construction and commissioning
of a new 250,000 tons per annum biodiesel unit located in Kuantan, Malaysia,
exploiting the PROCESS (as defined herein) in the LICENSED UNIT (as defined
herein) undertaken by KNM Process Systems Sdn Bhd.  (Co. No. 200141-X),
Malaysia (hereinafter "CONTRACTOR").

     

    LICENSOR,
an affiliate of IFP ("IFP"), is an international
provider of technologies, catalysts, adsorbents, specialized equipment and
services to the hydrocarbon industry.

     

    LICENSEE
is interested in receiving, for the purpose of the engineering, construction and
subsequent operation of the facilities, the appropriate rights and technical
information.

     

    LICENSOR
is willing to grant to LICENSEE the required license rights and technical
information and LICENSEE is willing to receive said rights and technical
information, subject to the terms and conditions provided herein.

     

    On 11
November, 2006, LICENSEE has signed a secrecy agreement covering its access to
LICENSOR's PROCESS.

     

    On 
______, 2007, at the request of LICENSEE , CONTRACTOR has signed with LICENSOR a
process book supply agreement (hereinafter "PBSA") to purchase the process
book from the LICENSOR for the performance of the contract entered by CONTRACTOR
with LICENSEE.

     

    NOW,
THEREFORE, in consideration of the promises and mutual covenants herein
contained, the parties hereto agree to the following:

     

    Article 1 -
Definitions

     

    Except as
otherwise expressly provided, the following terms as used herein shall have the
meanings assigned to them in this article and shall include the plural as well
as the singular:

     

    "ACCEPTANCE DATE" means the
date of completion by LICENSOR of its obligations under this Agreement in
respect of the PERFORMANCES TEST PERIOD according to Sections B, D-2 and D-3 of
the Schedule hereafter.

    
      
         

      

      
        - 4 / 45
-

        
          

        

      

      
         

      

    

     

    "AFFILIATE" shall mean, in
relation with any one of the parties, any company which, directly or indirectly,
controls, is controlled by, or is under common control with such party. 
 A company is controlled by ownership of more than fifty percent (50%) of
its voting shares.

     

    "CONFIDENTIAL INFORMATION"
means all information, including but not limited to TECHNICAL INFORMATION, which
may be of a technical, commercial, or other nature, whether written or oral,
provided, directly or indirectly, by LICENSOR to LICENSEE under this Agreement,
or which LICENSEE might acquire or discover during visits to facilities of IFP,
LICENSOR or third parties where such information is designed or exploited, or
during discussions with LICENSOR and/or IFP, together with all analyses,
compilations, forecasts, studies or other documents that contain or otherwise
reflect such information.

     

    "CUT-OFF DATE" shall mean the
date of 10th anniversary of the EFFECTIVE DATE.

     

    "DESIGN CAPACITY" of the
LICENSED UNIT shall mean 250,000 metric tons of biodiesel product per year based
on a stream factor of 8,000 operating hours per annum.

     

    "EFFECTIVE DATE" shall mean the
date at which both parties have executed this Agreement.

     

    "IMPROVEMENTS" means the
additions or modifications made, acquired or which become controlled by either
Party prior to the CUT-OFF DATE to the design furnished or to the equipment
specified in the TECHNICAL INFORMATION and which improve the mechanical or
chemical efficiency of the PROCESS.  However, IMPROVEMENTS shall not
include either:

     

    
      	
               
      

            	
              i)

            	
              any
      data or know-how which embodies a design or process fundamentally
      different from that established in the LICENSOR PROCESS BOOK,
      and/or

            

    

     

    
      	
               
      

            	
              ii)

            	
              any
      significant enhancement for which a third party is willing to pay a
      royalty fee for its use.

            

    

     

    "INDEX
RATIO".  The value of the INDEX RATIO for any given month shall mean the
number calculated on the 20th day of such month and for the first time on 20th
May 2007, date at which the INDEX RATIO shall mean 1.00 by definition, by
applying the following formula:

     

    INDEX
RATIO = INDEX / INDEX0,
where:

     

    "INDEX" means the index
representative of the cost of personnel in the French Process Engineering
companies issued from time to time under the reference "Indice SYNTEC" by the
CHAMBRE SYNDICALE DES SOCIETES D'ETUDES et de CONSEILS - 3, rue Léon Bonnat,
75016 PARIS France - telephone +33 144.30.49.00 and published in the publication
"L'Usine Nouvelle" and as at 20th May 2007, means the number 218.0 (INDEX0).  In
the event that the CHAMBRE SYNDICALE DES SOCIETES D'ETUDES et de CONSEILS shall
up-date the reference base of such index, due conversion shall be made to
preserve the intended continuity of calculation by making the appropriate
arithmetical adjustment, to make the up-dated index correspond in reference base
to the index at the relevant date or dates.

    
      
         

      

      
        - 5 / 45
-

        
          

        

      

      
         

      

    

     

    "LICENSED UNIT" means the
250,000 tons per annum biodiesel manufacturing facilities that LICENSEE will
build, operate and maintain at Kuantan, Malaysia, using the PROCESS at its
DESIGN CAPACITY under license from LICENSOR.

     

    "PBSA" means the Process Book
Supply Agreement under which LICENSOR has or will make TECHNICAL INFORMATION in
its possession available to CONTRACTOR under article the PBSA.

     

    "PROCESS" means the
Esterfip-HTM process
developed by IFP and licensed by LICENSOR for biodiesel production.

     

    "PROCESS BOOK" is as defined in
the PBSA.

     

    "TECHNICAL INFORMATION" means
the technical data and knowledge related to or useful for the commercial
practice of the PROCESS in LICENSOR's possession prior to the date of remittance
of the PROCESS-BOOK.

     

    Article 2 -
Purpose of this
Agreement

     

    
      	
              2.1

            	
              The
      purpose of this Agreement is to define the terms and conditions under
      which LICENSOR shall grant, and LICENSEE shall accept, a license to
      design, build, operate and maintain the LICENSED UNIT using the TECHNICAL
      INFORMATION and the PROCESS.

            

    

     

    
      	
              2.2

            	
              As
      between LICENSOR and LICENSEE, LICENSEE will at all times remain solely
      responsible for the detailed engineering, procurement, expediting,
      inspection, construction, alteration, reconstruction, operation and
      maintenance of the LICENSED UNIT.  LICENSEE shall bear all expenses
      for operating the LICENSED UNIT.

            

    

     

    
      	
              2.3

            	
              LICENSOR
      will also supply LICENSEE with the CATALYST, as defined in Section A-1 a)
      and 1-2 of Schedule, as per the conditions defined in Annex D of the
      attached Schedule.

            

    

     

    Article 3 -
Grant of
license

     

    
      	
              3.1

            	
              As
      of the EFFECTIVE DATE, and so long as LICENSEE is not in default of its
      obligations hereunder:

            

    

     

    
      	
               
      

            	
              a)

            	
              LICENSOR
      hereby grants to LICENSEE a non-exclusive right to use the TECHNICAL
      INFORMATION disclosed in accordance with Article 4 - hereof to design,
      build, operate and maintain the LICENSED UNIT using the
      PROCESS.

            

    

     

    
      	
               
      

            	
              b)

            	
              Except
      as specified in Article 13.1 hereof, this license is not
      transferable.

            

    

     

    
      	
               
      

            	
              c)

            	
              LICENSOR
      further grants to LICENSEE an immunity from suit with regards to the
      foregoing grant or to the use and/or sale of the products made using the
      PROCESS as defined in the TECHNICAL INFORMATION from any infringement suit
      under any patent owned or controlled by LICENSOR or its parent company IFP
      or to which and to the extent and subject to the terms that LICENSOR has
      the right to extend such
immunity.

            

    

    
      
         

      

      
        - 6 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
              3.2

            	
              Except
      as provided herein, LICENSOR grants no other rights, whether express or
      implied, by operation of law or otherwise.  In particular, no right
      is granted herein to LICENSEE for the manufacture or sale of any specified
      catalysts, adsorbents or special equipments if
  any.

            

    

     

    Article 4 -
LICENSOR's
INFORMATION

     

    
      	
              4.1

            	
              Promptly
      after execution of this Agreement, LICENSOR shall make TECHNICAL
      INFORMATION in its possession available to LICENSEE through its CONTRACTOR
      as specified in the PBSA.

            

    

     

    
      	
              4.2

            	
              At
      the request of LICENSEE, LICENSOR will make every reasonable effort to
      arrange for LICENSEE's representatives to visit the facilities of other
      users of the PROCESS for the purpose of observing and better understanding
      TECHNICAL INFORMATION and
IMPROVEMENTS.

            

    

     

    Article 5 -
Exchange of
IMPROVEMENTS, Grant-back

     

    
      	
              5.1

            	
              Until
      the CUT-OFF DATE, LICENSOR and LICENSEE shall, subject to specific
      restrictions towards third parties, communicate with each other without
      charge at least once each year to disclose to each other the IMPROVEMENTS,
      if any, made by LICENSOR, its licensees, IFP and
  LICENSEE.

            

    

     

    
      	
              5.2

            	
              a)

            	
              With
      effect from the date of disclosure of IMPROVEMENTS hereunder, as long as
      LICENSEE is not in default of its obligations hereunder and subject to
      possible restrictive obligations towards third parties attached to such
      IMPROVEMENTS, LICENSOR hereby grants to LICENSEE a non-exclusive and
      non-transferable right to use the LICENSOR IMPROVEMENTS disclosed to
      LICENSEE in accordance with Article 5.1 hereof to design, modify, operate
      and maintain the LICENSED UNIT using the PROCESS.  LICENSOR further
      grants to LICENSEE an immunity from suit with regards to the foregoing
      grant or to the use and/or sale of the products made using the PROCESS
      from any infringement suit under any patent owned or controlled by
      LICENSOR or its parent company IFP or to which and to the extent and
      subject to the terms that LICENSOR has the right to extend such
      immunity.

            

    

     

    
      	
               
      

            	
              b)

            	
              With
      effect from the date of disclosure of IMPROVEMENTS hereunder, as long as
      LICENSOR is not in default of its obligations hereunder and subject to
      possible restrictive obligations towards third parties attached to such
      IMPROVEMENTS, LICENSEE hereby grants to LICENSOR a non-exclusive right to
      use the LICENSEE IMPROVEMENTS disclosed to LICENSOR in accordance with
      Article 5.1 hereof to design, build, modify, operate and maintain any unit
      licensed to use the PROCESS and to grant sublicenses of said right. 
      LICENSEE further grants to LICENSOR an immunity from suit with regards to
      the foregoing grant or to the use and/or sale of the products made using
      the LICENSEE IMPROVEMENTS implemented in the PROCESS from any infringement
      suit under any patent owned or controlled by LICENSEE or to which and to
      the extent and subject to the terms that LICENSEE has the right to extend
      such immunity.  This right to use the LICENSEE IMPROVEMENTS is solely
      transferable by LICENSOR, including by sublicense as stated above, to the
      owner of the PROCESS if any for its internal research and development
      purpose and to other users of the PROCESS under license received from
      LICENSOR and who have agreed to the equivalent grant-back to LICENSOR and
      its licensees.

            

    

    
      
         

      

      
        - 7 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
              5.3

            	
              Except
      as provided herein, neither party grants the other any other rights,
      whether express or implied, by operation of law or otherwise.  In
      particular, no right is granted herein to LICENSEE for the manufacture or
      sale of any specified catalysts, adsorbents or special equipments if
      any.

            

    

     

    Article 6 -
LICENSEE's
undertaking

     

    
      	
              6.1

            	
              The
      LICENSED UNIT shall be designed, built and operated strictly in conformity
      with TECHNICAL INFORMATION and the PROCESS
BOOK.

            

    

     

    
      	
              6.2

            	
              LICENSEE
      undertakes to obtain the prior written approval of LICENSOR if it
      desires:

            

    

     

    
      	
               
      

            	
              a)

            	
              to
      depart from the undertaking made in Article 6.1,
  or,

            

    

     

    
      	
               
      

            	
              b)

            	
              to
      use TECHNICAL INFORMATION and IMPROVEMENTS for any other purpose than the
      design, the construction, the operation and the maintenance of the
      LICENSED UNIT.

            

    

     

    
      	
              6.3

            	
              LICENSOR
      shall have the right to have a process-holder plate affixed to the control
      room panel of the LICENSED UNIT at a mutually agreeable
    place.

            

    

     

    
      	
              6.4

            	
              Until
      the CUT-OFF DATE:

            

    

     

    
      	
               
      

            	
              a)

            	
              LICENSOR
      representatives shall have the right to visit the LICENSED UNIT.  The
      times of such visits and their duration shall be mutually agreed
      upon.

            

    

     

    
      	
               
      

            	
              b)

            	
              LICENSEE
      will permit technical visits of the LICENSED UNIT by third parties under
      appropriate secrecy obligations as specified from time to time by
      LICENSOR, provided, however, that all such third parties' representatives
      or visitors shall agree in writing to LICENSEE's safety rules then in
      force in the LICENSED UNIT and to any other reasonable requirement of
      LICENSEE, including secrecy obligations, prior to accessing the LICENSED
      UNIT.

            

    

     

    
      	
               
      

            	
              c)

            	
              LICENSEE
      will permit LICENSOR to take pictures of the LICENSED UNIT and enable
      LICENSOR to use those pictures for promotional
  purposes.

            

    

     

    
      	
              6.5

            	
              The
      Performances Guarantees stated in the Guarantee Schedule are subject
      to:

            

    

     

    
      	
               
      

            	
              a)

            	
              LICENSOR's
      participation prior to, during the start-up of the LICENSED UNIT, during
      the initial operation and during the PERFORMANCES TEST PERIOD, as
      described in Sections C and D of the attached Schedule,
  and

            

    

    
      
         

      

      
        - 8 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              b)

            	
              for
      those equipments and supplies designated as qualified in the Process Book,
      the selection by LICENSEE of vendors only from the list of qualified
      vendors listed in said Process
Book.

            

    

     

    
      	
               
      

            	
              c)

            	
              Provided
      that, if the LICENSOR fails to participate as required in 6.5 a) above
      despite prior agreement on the dates for such operations as in 6.5 a) and
      for reasons only attributable to LICENSOR, excluding Force Majeure and/or
      any other valid reason certified by the appropriate authorities, then the
      following procedure shall apply:

            

    

     

    
      	
               
      

            	
              -

            	
              LICENSOR
      and LICENSEE shall agree in writing on a new date, such date being no
      later than 30 days after the originally agreed date (save for reasons
      attributable to Force Majeure and/or any other valid reason certified by
      the appropriate authorities) and being confirmed by express courier by
      LICENSEE to LICENSOR addressed to Axens
at:

            

    

     

    AXENS

    89
Boulevard Franklin Roosevelt

    F-92508
Rueil-Malmaison Cedex, France

    For the
attention of the Director of Technical Assistance

     

    
      	
               
      

            	
              -

            	
              If
      LICENSOR fails to participate on such revised agreed date plus seven days,
      then LICENSEE shall be entitled to perform the operations specified in 6.5
      a) without the presence of the LICENSOR and such operations and results
      thereof shall be deemed to be valid and binding on the LICENSOR for the
      purposes of this Agreement.

            

    

     

    
      	
              6.6

            	
              The
      CATALYST Guarantee specified in this Agreement is subject to LICENSOR's
      sufficient access to the LICENSED UNIT operation data during the CATA LIFE
      PERIOD, as described in Sections C and D of the attached
      Schedule.

            

    

     

    Article 7 -
Assistance and
services from LICENSOR

     

    
      	
              7.1

            	
              Any
      assistance and service that LICENSOR shall render under this Agreement
      shall comply with generally accepted engineering practices and LICENSOR
      will conscientiously perform its
undertakings.

            

    

     

    
      	
              7.2

            	
              All
      personnel provided by LICENSOR shall be English speaking and expert in the
      PROCESS.  It shall give all necessary explanations to LICENSEE's
      personnel for the proper understanding of the TECHNICAL INFORMATION and
      the PROCESS operation.

            

    

     

    
      	
              7.3

            	
              Process Design and Process
      Specifications.  The preparation and remittance of LICENSOR
      Process Book as well as the checking of the critical mechanical drawings
      and LICENSOR's assistance during the mechanical design are governed by the
      PBSA.

            

    

     

    
      	
              7.4

            	
              Assistance during the initial
      stages of operation of the LICENSED UNIT.  Under the
      conditions set forth in Section C-1, D-1 and D-2 of the Guarantee
      Schedule, a team of LICENSOR advisors shall be in attendance during
      start-up and initial operations and, subject to the provisions set forth
      in that Guarantee Schedule, until the end of the last PERFORMANCE PROBE
      permitted under Section F of the Guarantee
  Schedule.

            

    

    
      
         

      

      
        - 9 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
              7.5

            	
              Further Services. 
      At LICENSEE's request, LICENSOR is prepared to provide further services
      during normal operation of the UNIT and/or to execute a mutually
      acceptable Service Contract under which it shall render, after the
      assistance foreseen in Article 7.4 is terminated and beyond the exchange
      of IMPROVEMENT under Article 5.1, continuous assistance to technically
      support the on-going operation of the LICENSED UNIT by the LICENSEE,
      through a close follow-up of the LICENSED UNIT operation or through
      further specific studies aimed at improving its performance or adapting
      its operation to any new situation.

            

    

     

    Article 8 -
Financials

     

    
      	
              8.1

            	
              Royalty.

            

    

     

    
      	
               
      

            	
              a)

            	
              The
      fully-paid royalty due for the rights granted under Article 3.1 above
      amounts to one million three hundred fifty five thousand US Dollars (US$
      1,355,000) for the DESIGN CAPACITY.

            

    

     

    
      	
               
      

            	
              b)

            	
              The
      good faith down payment already paid by LICENSEE according to the PBSA
      shall be deducted from the first royalty
  installment.

            

    

     

    
      	
               
      

            	
              c)

            	
              This
      royalty amount shall be invoiced by LICENSOR in installments as
      follows:

            

    

     

    
      	
               
      

            	
              -

            	
              25%
      at the EFFECTIVE DATE of this
Agreement,

            

    

     

    
      	
               
      

            	
              -

            	
              25%
      upon delivery of the PROCESS BOOK,

            

    

     

    
      	
               
      

            	
              -

            	
              25%
      at the MECHANICAL COMPLETION, but not later than 31 December
      2008,

            

    

     

    
      	
               
      

            	
              -

            	
              25%
      at the ACCEPTANCE DATE, but not later than 31 December
    2009.

            

    

     

    
      	
               
      

            	
              d)

            	
              Payment
      of the fully-paid royalty shall cover all payments of royalties for use of
      the PROCESS in the LICENSED UNIT, but only up to its DESIGN
      CAPACITY.

            

    

     

    
      	
               
      

            	
              i)

            	
              In
      the event the capacity is exceeded, LICENSEE shall immediately notify
      LICENSOR in writing, setting forth the details of the capacity
      increase.  LICENSEE shall then pay an additional royalty which shall
      be calculated in direct proportion to the additional capacity achieved
      (corresponding to an amount of six US Dollars per ton per annum), adjusted
      in proportion of the variation of the Index from the EFFECTIVE
      DATE.

            

    

     

    
      	
               
      

            	
              ii)

            	
              If
      LICENSEE increases the capacity of the LICENSED UNIT beyond the design
      capacity, but only by using an IMPROVEMENT which is not provided by
      LICENSOR and is invented by LICENSEE not using TECHNICAL INFORMATION, then
      no additional royalty will be due
LICENSOR.

            

    

     

    
      	
              8.2

            	
              Assistance and
      services.  LICENSEE shall bear LICENSOR's expenditures when
      rendering services under Articles 7.4 and 7.5 as
  follows.

            

    

    
      
         

      

      
        - 10 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              a)

            	
              A
      per diem fee ("Base Daily
      Rate") shall be paid to LICENSOR per each employee and each day
      spent out of customary place of employment.  This Base Daily Rate is
      one thousand five hundred US Dollar (US$ 1,500) based on INDEX0 as
      specified in Article 1 - hereof.  This amount is firm but subject to
      escalation.  The Base Daily Rate will be multiplied by the INDEX
      RATIO for the month immediately preceding the first month of the calendar
      year during which LICENSOR provides the
  services.

            

    

     

    
      	
               
      

            	
              b)

            	
              The
      above Base Daily Rate is not proratable for partial working days.  It
      applies to work not exceeding forty hours per week nor eight hours per
      day.  Working days shall normally be Monday through Friday, but if
      required by local conditions, the work week may be any five consecutive
      calendar days that are mutually agreed upon between the parties. 
      Non-working days shall normally be Saturday and Sunday.  Where the
      work week is other than Monday through Friday, as agreed upon, the two
      days following any five consecutive working days shall be considered to be
      "non-working" days.

            

    

     

    
      	
               
      

            	
              c)

            	
              On
      a normal working day, any and all working time of an employee, up to eight
      hours, will be billed at the applicable Base Daily Rate.  Time worked
      by an employee, on a normal working day, in excess of eight hours, will be
      billed at the Overtime Hourly Rate (additional to the Base Daily Rate)
      then valid.

            

    

     

    
      	
               
      

            	
              d)

            	
              Time
      worked by employees, if allowed, during non-working days or holidays shall
      be subject to specific overtime
regulations.

            

    

     

    
      	
               
      

            	
              e)

            	
              LICENSOR
      will also charge working days when an employee is available at the job
      site but not working due to no fault of LICENSOR at the Base Daily
      Rate.

            

    

     

    
      	
               
      

            	
              f)

            	
              Following
      three months of continuous stay at the job site and following each three
      months' duration thereafter, each LICENSOR employee shall be entitled to a
      non-reimbursable leave time of eight calendar days plus reasonable travel
      time.  To insure an uninterrupted performance of the services agreed
      to by LICENSOR and LICENSEE, if requested by LICENSEE, LICENSOR will
      provide a replacement, who will be separately billable, subject to the
      applicable rate for that replacement employee.  All traveling and
      other expenses incurred by such replacement will be charged to LICENSEE in
      accordance with the conditions set forth
herein.

            

    

     

    
      	
               
      

            	
              g)

            	
              LICENSEE
      shall pay directly to LICENSOR personnel all living expenses of LICENSOR
      personnel including food and first class hotel accommodation and supply at
      LICENSEE's sole charge all necessary office space and associated
      facilities including secretarial services, telephone, telex, etc. and
      local independent transportation facilities
as.

            

    

     

    
      	
               
      

            	
              h)

            	
              necessary
      for the proper performance of assistance services by LICENSOR
      personnel.

            

    

     

    
      	
               
      

            	
              i)

            	
              LICENSOR
      personnel shall travel by business class in airplane or first class in
      trains, both internationally and locally.  All associated charges,
      round trip, shall be borne by
LICENSEE.

            

    

    
      
         

      

      
        - 11 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              j)

            	
              LICENSEE
      shall take all necessary steps to obtain in time visas, permits, etc. as
      imposed in its country for LICENSOR team to
  come.

            

    

     

    
      	
               
      

            	
              k)

            	
              Safety.  It is the
      policy of LICENSOR to have maximum concern for the safety, health, and
      environment of its employees.  Employees visiting a client facility
      are instructed to follow established safety procedures and advise the
      client of any potential hazards that they believe may prevent the
      performance of their tasks in a safe manner.  To the extent
      appropriate, the client, in turn, is requested to take corrective
      action.  Should no action be taken or, if in the judgment of the
      LICENSOR employee the hazard still exists, the employee may elect to stop
      work until the hazard is
eliminated.

            

    

     

    
      	
              8.3

            	
              Payment –
      invoicing.

            

    

     

    
      	
               
      

            	
              a)

            	
              In
      its invoices, LICENSOR shall designate the payer (LICENSEE) as
      follows:

            

    

     

    MISSION
BIOFUELS Sdn Bhd

    Suite
50-4-1, 4th Floor

    Wisma UOA
Damansara 50

    Jalan
Dungun 50490

     

    
      	
               
      

            	
              b)

            	
              LICENSOR
      shall transmit the invoices to the following
  address:

            

    

     

    
      	
               
      

            	
              i)

            	
              if
      it concerns royalties under Article
8.1:

            

    

     

    M.
Swaminathan

    Managing
Director

    MISSION
BIOFUELS Sdn Bhd

    Suite
50-4-1, 4th Floor

    Wisma UOA
Damansara 50

    Jalan
Dungun 50490

    Kuala
Lumpur Malaysia

     

    
      	
               
      

            	
              ii)

            	
              if
      it concerns assistance and services under Article
  8.2:

            

    

     

    M.
Swaminathan

    Managing
Director

    MISSION
BIOFUELS Sdn Bhd

    Suite
50-4-1, 4th Floor

    Wisma UOA
Damansara 50

    Jalan
Dungun 50490

    Kuala
Lumpur Malaysia

     

    
      	
               
      

            	
              c)

            	
              LICENSOR
      will invoice:

            

    

     

    
      	
               
      

            	
              i)

            	
              The
      Base Daily Rate set forth in Article 8.2a) above
  monthly.

            

    

     

    
      	
               
      

            	
              ii)

            	
              Travel
      expenses supported on behalf of LICENSEE by LICENSOR under Article 8.2h)
      h) above as soon as incurred, together with supporting
      evidence.

            

    

    
      
         

      

      
        - 12 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              d)

            	
              All
      sums payable under this Agreement shall be paid in US Dollars, in France,
      by bank transfer within 30 (thirty) days from invoice date at the bank
      account specified on the invoice.

            

    

     

    
      	
               
      

            	
              e)

            	
              A
      compounded interest shall be due on any late
  payment.

            

    

     

    
      	
               
      

            	
              i)

            	
              The
      rate shall be the last published EURIBOR-3M rate plus two (2.0 %)
      percent,

            

    

     

    
      	
               
      

            	
              ii)

            	
              The
      interest shall be computed on a monthly basis from the date the payment
      was due until the date it is made.

            

    

     

    
      	
               
      

            	
              iii)

            	
              Such
      possible interest in arrears shall be invoiced by LICENSOR following
      LICENSEE's payment of the principal and LICENSOR is hereby excused from
      giving any prior specific notice.

            

    

     

    
      	
               
      

            	
              iv)

            	
              This
      provision cannot be deemed as being a waiver of any of LICENSOR possible
      rights to enforce any payment when
payable.

            

    

     

    
      	
               
      

            	
              f)

            	
              Except
      if LICENSOR's liability is involved as per Article 11.3h) hereafter, any
      sum received by LICENSOR under this Agreement shall be definitively
      acquired by LICENSOR.

            

    

     

    
      	
               
      

            	
              g)

            	
              LICENSEE
      agrees not to offset any sum owed to LICENSOR against any sum LICENSOR
      could owe LICENSEE on any ground
whatsoever.

            

    

     

    
      	
              8.4

            	
              Taxes.

            

    

     

    
      	
               
      

            	
              a)

            	
              Subject
      to the sole exception of in paragraph c) below, the royalty of Article 8.1
      and the cost of assistance and services of Article 8.2 are net of any tax,
      duties, levies or contributions of whatever nature that may be incurred
      outside France result of the implementation of this Agreement. 
      Accordingly, LICENSEE agrees to pay at LICENSEE's sole charge any tax,
      duties, levies or contributions incurred outside France as a result of the
      implementation of this Agreement.

            

    

     

    
      	
               
      

            	
              b)

            	
              Any
      VAT (if applicable) due on billings will be payable by LICENSEE in
      addition to the net prices mentioned in Articles 8.1 and
    8.2.

            

    

     

    
      	
               
      

            	
              c)

            	
              LICENSEE
      may deduct from the royalty of Article 8.1 and pay to the relevant taxing
      authorities a withholding tax if it is required by the laws of Malaysia,
      but only in the limit allowed by the tax treaty signed between France and
      Malaysia.  In this case, LICENSEE shall provide immediate notice
      thereof together with official tax receipts (from relevant tax
      authorities) establishing the payment of such withholding
      tax.  For the implementation of aforementioned tax treaty,
      LICENSOR will provide a French tax residency certificate to LICENSEE, at
      first request of LICENSEE.

            

    

     

    
      	
               
      

            	
              d)

            	
              Any
      withholding tax levied in excess of the rate provided by the tax treaty
      signed between France and Malaysia, or not documented by the appropriate
      original tax receipt within thirty (30) days from such withholding, will
      be for the sole charge of LICENSEE, and shall be immediately repaid by
      LICENSEE to LICENSOR.

            

    

    
      
         

      

      
        - 13 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
              8.5

            	
              Reporting.  During
      the life of this Agreement LICENSEE shall, in January of each year,
      prepare a report of the quantity of biodiesel product obtained during the
      preceding year in the LICENSED UNIT.  No later that February
      15th
      of each year during the term of this Agreement, LICENSEE undertakes to
      issue to LICENSOR a certified copy of such
  report.

            

    

     

    In the
case of disagreement between LICENSOR and LICENSEE on the quantity of biodiesel
product provided in the report, LICENSEE shall, at LICENSOR's request, furnish
to LICENSOR operation's data of the LICENSED UNIT allowing to determine the
quantity of biodiesel product.

     

    Article 9 -
Confidentiality

     

    
      	
              9.1

            	
              LICENSEE
      shall use the CONFIDENTIAL INFORMATION only in accordance with the
      licenses granted herein.  No other use is permitted without the
      prior written consent of LICENSOR.

            

    

     

    
      	
              9.2

            	
              All
      CONFIDENTIAL INFORMATION received hereunder shall be kept confidential and
      shall not, without the prior written consent of LICENSOR, be disclosed by
      LICENSEE, in any manner whatsoever, in whole or in
      part.  Moreover, LICENSEE shall only disclose the CONFIDENTIAL
      INFORMATION to its officers, directors and employees who need to know such
      CONFIDENTIAL INFORMATION for the PURPOSE, who are informed by LICENSEE of
      the confidential nature of the CONFIDENTIAL INFORMATION and who shall be
      bound to act in accordance with the terms and conditions of this
      Agreement.

            

    

     

    
      	
              9.3

            	
              LICENSEE
      hereby agrees that the CONFIDENTIAL INFORMATION disclosed hereunder is and
      will remain the property of IFP and LICENSOR and that drawings or other
      written, printed or electronic data included therein are not to be copied
      or reproduced, mechanically or otherwise, without the express permission
      of LICENSOR, except for such copies that LICENSEE reasonably requires for
      the PURPOSE.

            

    

     

    
      	
              9.4

            	
              The
      term "CONFIDENTIAL INFORMATION" shall not include such information
      furnished hereunder that LICENSEE can
prove:

            

    

     

    
      	
               
      

            	
              a)

            	
              was,
      at the time of disclosure, in the public domain or which subsequently
      enters the public domain through no act or failure to act by LICENSEE;
      or

            

    

     

    
      	
               
      

            	
              b)

            	
              was
      developed by or was in the possession of LICENSEE prior to being furnished
      to LICENSEE by LICENSOR or on its behalf, provided that the source of such
      CONFIDENTIAL INFORMATION was not known to LICENSEE to be prohibited from
      disclosing the CONFIDENTIAL INFORMATION to LICENSEE by a legal,
      contractual or fiduciary obligation to LICENSOR;
  or

            

    

     

    
      	
               
      

            	
              c)

            	
              was
      or became available to LICENSEE on a non-confidential basis from a third
      party that is not known to LICENSEE to be prohibited from disclosing the
      CONFIDENTIAL INFORMATION to LICENSEE by a legal, contractual or fiduciary
      obligation to LICENSOR.

            

    

    
      
         

      

      
        - 14 / 45
-

        
          

        

      

      
         

      

    

     

    However,
in situations a) through c) above (the "NON-CONFIDENTIAL
INFORMATION"), LICENSEE undertakes not to disclose all such
NON-CONFIDENTIAL INFORMATION lawfully in its possession that implicates
CONFIDENTIAL INFORMATION.

     

    
      	
              9.5

            	
              The
      exceptions of article 9.4 shall not apply to any information furnished
      hereunder which:

            

    

     

    
      	
               
      

            	
              a)

            	
              Is
      specific and, at the time of its disclosure hereunder, merely embraced by
      general information within the exceptions,
or

            

    

     

    
      	
               
      

            	
              b)

            	
              Is
      a combination of features of the CONFIDENTIAL INFORMATION, unless the
      combination itself, its principle of operation and method of use are
      within the exceptions.

            

    

     

    
      	
              9.6

            	
              Despite
      the restrictions on disclosure contained in this Agreement, but only to
      the extent necessary for the PURPOSE, LICENSEE may disclose part of the
      CONFIDENTIAL INFORMATION to the following third
  parties:

            

    

     

    
      	
               
      

            	
              a)

            	
              a
      vendor of commodity equipment or materials or a supplier of construction
      labor who will receive only a minor or non-critical portion, as determined
      by LICENSOR in its sole and absolute discretion, of the CONFIDENTIAL
      INFORMATION and who, prior to such disclosure, has signed an agreement
      with LICENSEE or LICENSOR containing restrictions on use and disclosure at
      least equivalent to those contained in this Agreement;
  or

            

    

     

    
      	
               
      

            	
              b)

            	
              any
      other third party, including but not limited to, any detailed engineering
      contractor or manufacturer of specially-designed equipment, who, prior to
      such disclosure, has signed an agreement with LICENSOR containing
      appropriate restrictions on use and
disclosure.

            

    

     

    
      	
              9.7

            	
              In
      the event that LICENSEE who is provided with the CONFIDENTIAL INFORMATION
      pursuant to this Agreement becomes legally compelled (by oral questions,
      interrogatories, requests for information or documents, subpoena, civil
      investigative demand or similar process) to disclose any of the
      CONFIDENTIAL INFORMATION to third parties other than those identified
      above, LICENSEE will provide LICENSOR with prompt notice so that LICENSOR
      may seek a protective order or other appropriate remedy and/or waive
      compliance with the provisions of this Agreement.  In any such
      event, LICENSEE will use its best efforts to ensure that the CONFIDENTIAL
      INFORMATION will be accorded confidential
  treatment.

            

    

     

    
      	
              9.8

            	
              Should
      LICENSEE finally decide not to sign the TTA, LICENSEE will return to
      LICENSOR or destroy, at LICENSOR' option, all of the CONFIDENTIAL
      INFORMATION in LICENSEE's possession (including, all originals, and all
      copies and derivations therefrom, in any medium); provided, however, that
      LICENSEE may retain one copy of the CONFIDENTIAL INFORMATION in a locked
      and limited access file for the sole purpose of determining LICENSEE's
      compliance under this Agreement.  If requested by LICENSOR, an
      appropriate officer of LICENSEE will certify to LICENSOR that all such
      material has been so returned or
destroyed.

            

    

    
      
         

      

      
        - 15 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
              9.9

            	
              LICENSOR
      will, mutatis mutandis, preserve the confidentiality of LICENSEE's
      information necessary to LICENSOR for the performance of its obligations
      under this Agreement.

            

    

     

    Article 10
- Patent or
other intellectual property infringement

     

    
      	
              10.1

            	
              LICENSOR
      represents that,

            

    

     

    
      	
               
      

            	
              a)

            	
              it
      has the right to grant the licenses of Article 3.1
  hereof,

            

    

     

    
      	
               
      

            	
              b)

            	
              at
      the date of this Agreement, the use of TECHNICAL INFORMATION disclosed
      under Article 4 - in the practice of the PROCESS, in accordance with
      Article 3.1a), is not the subject of any pending patent infringement or
      other intellectual property suit involving LICENSOR
  and,

            

    

     

    
      	
               
      

            	
              c)

            	
              to
      the best of its knowledge, LICENSOR is not, at the date of this Agreement,
      threatened by any such claim of
infringement.

            

    

     

    
      	
              10.2

            	
              This
      representation does not extend to any infringement that would result from
      any LICENSEE's modification of TECHNICAL INFORMATION or any use of such
      TECHNICAL INFORMATION in a manner other than that described by
      LICENSOR.

            

    

     

    
      	
              10.3

            	
              LICENSEE
      will promptly advise LICENSOR in writing of any claim of infringement and
      of the commencement against it of any patent infringement or other
      intellectual property suit made or brought against LICENSEE and based upon
      the use hereunder by LICENSEE of TECHNICAL
  INFORMATION.

            

    

     

    
      	
              10.4

            	
              LICENSOR
      will undertake at its own expense the defense of any such claim or
      infringement suit and shall have sole charge and direction of the defense
      of any such claim or suit.  LICENSEE shall have the right to be
      represented by advisory counsel of its own selection and at its own
      expense.  LICENSEE will render LICENSOR all reasonable
      assistance that may be required by LICENSOR in the defense of such claim
      or suit.

            

    

     

    
      	
              10.5

            	
              LICENSOR:

            

    

     

    
      	
               
      

            	
              a)

            	
              may
      at its sole discretion recommend change(s) to the LICENSED UNIT against
      which a suit has been brought to permit the LICENSED UNIT to avoid such
      infringement claim with LICENSOR performing free of charge the
      corresponding process engineering studies and bearing the costs of such
      change(s) including detailed design, engineering, procurement, delivery,
      erection and installation of such equipment or material (other than custom
      duties and like taxes imposed in Malaysia),
  and/or

            

    

     

    
      	
               
      

            	
              b)

            	
              may
      obtain a right from the third party in question for LICENSEE to operate
      the LICENSED UNIT free from such claim of infringement,
  and

            

    

    
      
         

      

      
        - 16 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              c)

            	
              will
      hold LICENSEE free and harmless from any damages or other sums that may
      become payable under a final unappealable judgment by a court of competent
      jurisdiction or any settlement which results from such
      judgment,

            

    

     

    provided
that the aggregate amounts that may become payable or expendable by LICENSOR
under the provisions of Articles a) to c) above shall not in any event exceed
100% of the Royalty paid by LICENSEE to LICENSOR under article
8.1.  The provisions of Articles a) to c) above shall be the exclusive
remedy of LICENSEE for infringements of third party rights.

     

    
      	
              10.6

            	
              Neither
      LICENSOR nor LICENSEE shall settle nor compromise any such suit without
      the written consent of the other party if the settlement or compromise
      obliges the other party to make any payment or part with any property or
      assume any obligation or grant any licenses or other rights or be subject
      to any injunction by reason of such settlement or
    compromise.

            

    

     

    Article 11
- Warranties
and liabilities

     

    
      	
              11.1

            	
              Warranties.  LICENSOR
      warrants to LICENSEE that:

            

    

     

    
      	
               
      

            	
              a)

            	
              if
      the LICENSED UNIT is constructed and operated strictly in accordance with
      the TECHNICAL INFORMATION, the performance guarantees specified in the
      Guarantee Schedule will be met.

            

    

     

    
      	
               
      

            	
              b)

            	
              Except
      as stated in this Article a) above, LICENSOR makes no other warranties,
      express or implied, by operation of law or otherwise, with respect to the
      licenses granted hereunder, including any other guarantees relating to the
      catalysts, equipment or material to be used in the LICENSED UNIT or any
      warranty of merchantability or fitness for any other use.  In
      particular, all guarantees relating to TECHNICAL INFORMATION, if any, are
      as covered by the PBSA.

            

    

     

    
      	
               
      

            	
              c)

            	
              The
      remedies of Article 11.3 for failing to meet the warranties and guarantees
      of this Agreement are exclusive.

            

    

     

    
      	
              11.2

            	
              Wherever
      in this Agreement it is contemplated that LICENSEE has to fulfill an
      obligation, to perform a work or to provide service or material,
      LICENSOR's obligations are contingent upon this being
  done.

            

    

     

    
      	
              11.3

            	
              Liabilities.

            

    

     

    
      	
               
      

            	
              a)

            	
              In
      the event the performances of the PROCESS do not reach the Guaranteed
      Performances specified in the Guarantee Schedule, as the exclusive remedy
      for the breach of warranty specified in Article 11.1a), said Guarantee
      Schedule shall apply.

            

    

     

    
      	
               
      

            	
              b)

            	
              LICENSEE
      shall be liable for loss or damage to property of LICENSEE or others
      arising out of this Agreement.  LICENSEE shall also be liable
      for personal injury arising within or near LICENSEE facilities out of this
      Agreement, unless caused by the willful acts or gross negligence of
      LICENSOR.  LICENSEE commits, for LICENSEE and LICENSEE's
      insurers, to defend, indemnify and hold LICENSOR, its Affiliates,
      insurers, successors and assigns harmless from, against and with respect
      to such liability of LICENSEE.

            

    

    
      
         

      

      
        - 17 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              c)

            	
              LICENSOR
      shall be liable for loss or damage to property of LICENSOR arising out of
      this Agreement.  LICENSOR shall also be liable for personal
      injury arising within or near LICENSOR facilities out of this Agreement
      unless caused by the willful acts or gross negligence of
      LICENSEE.  LICENSOR commits, for LICENSOR and LICENSOR's
      insurers, to defend, indemnify and hold LICENSEE, its Affiliates,
      insurers, successors and assigns harmless from, against and with respect
      to such liability of LICENSOR.

            

    

     

    
      	
               
      

            	
              d)

            	
              LICENSOR
      will, at its own expense, place workers compensation insurance to cover
      any claim that may be made by or on behalf of LICENSOR's employees or
      personnel furnished by LICENSOR alleging bodily injuries or death
      sustained by them as a result of or in connection with the performance
      under this Agreement and commits, for LICENSOR and LICENSOR's insurers, to
      hold LICENSEE, its Affiliates, insurers, successors, assigns, employees an
      personnel harmless from all or any such
claims.

            

    

     

    
      	
               
      

            	
              e)

            	
              LICENSEE
      will, at its own expense, place workers compensation insurance to cover
      any claim that may be made by or on behalf of LICENSEE's employees or
      personnel furnished by LICENSEE alleging bodily injuries or death
      sustained by them as a result of or in connection with the performance
      under this Agreement and commits, for LICENSEE and LICENSEE's insurers, to
      hold LICENSOR, its Affiliates, insurers, successors, assigns, employees an
      personnel harmless from all or any such
claims.

            

    

     

    
      	
               
      

            	
              f)

            	
              Except
      as specified in Articles b) to e), each party waives all claims for
      recovery from the other party for any bodily injury or property damage
      insured under valid insurance policies.  This waiver shall apply
      only when permitted by the applicable insurance policy and only to the
      extent of any recovery collectible under such insurance
      policy.

            

    

     

    
      	
               
      

            	
              g)

            	
              In
      no event shall either Party be liable for or obligated in any manner for
      special, consequential or indirect damages including, but not limited to,
      loss of profit or loss of use.  This Article shall apply whether
      the cause of actions relates to this Agreement or arises out of the
      services performed by LICENSOR under this
  Agreement.

            

    

     

    
      	
               
      

            	
              h)

            	
              Except
      for the liability concerning patent or other intellectual property
      infringement as defined in Article 10.5, in no event shall the maximum
      liability of LICENSOR to LICENSEE arising out or relating to this
      Agreement or out of the services performed by LICENSOR under this
      Agreement exceed 50% (fifty percent) of the price paid or to be paid by
      LICENSEE to LICENSOR under article 8.1 herein, with respect to the
      licenses granted under Article 3.1 herein and for which a claim is
      made.

            

    

     

    In no
event shall the aggregate liability of LICENSOR to LICENSEE arising out or
relating to this Agreement or out of the services performed by LICENSOR under
this Agreement exceed 100% (hundred percent) of the price paid or to be paid by
LICENSEE to LICENSOR under article 8.1 herein, with respect to the licenses
granted under Article 3.1 herein and for which a claim is made.

    
      
         

      

      
        - 18 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              i)

            	
              If
      and when its liability results in amounts due by LICENSOR, the settlement
      shall relieve LICENSOR from any and all further obligation and
      responsibility under this
Agreement.

            

    

     

    Article 12
- Other
agreements

     

    
      	
              12.1

            	
              Neither
      Party has entered into any undertaking impeding the free execution of this
      Agreement.

            

    

     

    
      	
              12.2

            	
              This
      Agreement, together with the PBSA, sets forth the entire understanding
      between the parties relating to the use by LICENSEE of the PROCESS in the
      LICENSED UNIT and replaces and renders void all prior agreements between
      them concerning the subject matter contained
  herein.

            

    

     

    
      	
              12.3

            	
              No
      amendment to this Agreement or the PBSA shall be effective unless in
      writing and executed by the parties.  No such amendment shall be
      effected by the acknowledgment or acceptance of purchase orders, shipping
      instruction forms, order confirmation forms, general terms of sale or of
      purchase or any other documents between the parties containing terms or
      conditions at variance with this
Agreement.

            

    

     

    Article 13
- Assignment

     

    
      	
              13.1

            	
              This
      Agreement is not assignable in whole or in part by either party without
      the previous written consent of the other party; provided, however, that
      it may be assigned by either party without such consent
  to

            

    

     

    
      	
               
      

            	
              a)

            	
              the
      CONTRACTOR by the LICENSEE for the period until the ACCEPTANCE DATE in
      form an substance as provided in Appendix 1 to this Agreement,
      or

            

    

     

    
      	
               
      

            	
              b)

            	
              any
      Affiliate of the assigning party,
or

            

    

     

    
      	
               
      

            	
              c)

            	
              a
      successor of the assigning party in its business, or in the part of its
      business concerned by this Agreement, provided that such successor is not
      a licensor-competitor of LICENSOR or
IFP.

            

    

     

    
      	
              13.2

            	
              The
      assignment shall not be effective unless and until the assignee undertakes
      in writing to take over all rights and obligations of the assignor set
      forth in this Agreement.

            

    

     

    
      	
              13.3

            	
              Confidentiality
      obligations between the Parties under Article 9 - above shall survive any
      assignment of this Agreement.

            

    

     

    Article 14
- Miscellaneous

     

    
      	
              14.1

            	
              Nothing
      in this Agreement can be construed as granting or transferring any
      proprietorship of whatsoever kind under any information and data furnished
      by LICENSOR hereunder.

            

    

    
      
         

      

      
        - 19 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
              14.2

            	
              Neither
      the failure nor any delay on the part of either party in the exercise of
      any right, power or privilege under this Agreement or the documents
      referred herein shall operate as a waiver of such right, power or
      privilege.

            

    

     

    
      	
              14.3

            	
              If
      any provisions of this Agreement or any document executed in connection
      herewith is held invalid or unenforceable by any court of competent
      jurisdiction, the other provisions of this Agreement shall remain in full
      force and effect.

            

    

     

    
      	
              14.4

            	
              Either
      Party shall have the right to make oral or written reference to the
      subject matter of this Agreement but not to its provisions when dealing
      with third parties, except to the extent required by governmental
      authority or court of competent
jurisdiction.

            

    

     

    
      	
              14.5

            	
              Should
      for this Agreement, any formality, acceptance or registration, be required
      outside France, LICENSEE shall have the onus to accomplish the same at its
      own expense.  For this purpose LICENSOR hereby gives to it the
      powers as may be necessary.  Should such a formality result in a
      request to modify a provision hereunder and should that modification
      injure LICENSOR's interests, then LICENSOR shall be entitled to terminate
      this Agreement or to have a reasonable
  compensation.

            

    

     

    
      	
              14.6

            	
              Each
      Party represents that the terms and conditions of this Agreement do not
      violate the laws of its country.  The enactment of any new law
      or regulation after the effective date of this Agreement which affects the
      rights and obligations of either Party shall entitle the suffering Party
      to an adjustment for reasonable
compensation.

            

    

     

    Article 15
- Notices

     

    
      	
              15.1

            	
              Any
      notice hereunder must be in writing and will be deemed to have been duly
      given when (a) delivered by hand (with written confirmation of receipt),
      (b) sent by telecopy (with written confirmation of receipt), or (c)
      received by the addressee, if sent by a recognized delivery service
      (receipt requested).  All notices shall be addressed as set
      forth below (or to such other addresses and telecopy numbers as a party
      may designate by notice to the other
party):

            

    

     

    
      	
               
      

            	
              a)

            	
              if
      to LICENSOR:

            

    

     

    AXENS

    89
Boulevard Franklin Roosevelt

    F-92508
Rueil-Malmaison Cedex, France.

    For the
attention of the Director of Legal Affairs

     

    
      	
               
      

            	
              b)

            	
              if
      to LICENSEE:

            

    

     

    M.
Swaminathan

    Managing
Director

    MISSION
BIOFUELS Sdn Bhd

    Suite
50-4-1, 4th Floor

    Wisma UOA
Damansara 50

    Jalan
Dungun 50490

    Kuala
Lumpur Malaysia

     

    
      	
              15.2

            	
              Communications
      relative to transmittal of technical documentation shall be forwarded to
      such individual as the considered Party may designate from time to
      time.

            

    

    
      
         

      

      
        - 20 / 45
-

        
          

        

      

      
         

      

    

     

    Article 16
- Conciliation,
arbitration

     

    
      	
              16.1

            	
              If,
      during the term of this Agreement or after its termination, a controversy
      concerning this Agreement arises between the Parties they shall make their
      best efforts to settle amicably their difference by using the following
      procedure:

            

    

     

    
      	
               
      

            	
              a)

            	
              The
      plaintiff Party shall give the other Party notice in writing of its
      complaint.

            

    

     

    
      	
               
      

            	
              b)

            	
              The
      two Parties shall then endeavor to nominate a common expert to study the
      case and to prepare a report proposing a reconciliatory solution (or
      several ones).  This report shall be sent to both Parties within
      the next 30 (thirty) days (except if both Parties have first agreed upon
      another delay).

            

    

     

    
      	
               
      

            	
              c)

            	
              If
      within 20 (twenty) days from the written notice made under Article a)
      above the Parties have not agreed upon nomination of the common expert,
      each Party shall nominate its own expert and both experts shall nominate a
      third expert.

            

    

     

    
      	
               
      

            	
              d)

            	
              These
      three experts shall have 60 (sixty) days to reach a proposed
      reconciliatory solution (or several ones).  A solution on which
      two of the three experts agree shall be considered as the proposed
      reconciliatory solution of the three
experts.

            

    

     

    
      	
               
      

            	
              e)

            	
              The
      experts shall conduct the matter at their own discretion.  They
      shall be provided by both Parties with any relevant document they shall
      request.

            

    

     

    
      	
               
      

            	
              f)

            	
              Their
      fees and the expenses shall be shared equally between the
      Parties.

            

    

     

    
      	
              16.2

            	
              If
      the periods shown in Article 16.1 above are not respected, if a one
      hundred twenty days period has lapsed from the date of the notice referred
      to in article 16.1a) hereof or if the Parties do not agree to settle
      between them according to the proposed reconciliatory solution, the
      dispute shall be settled finally according to the Rules of Conciliation
      and Arbitration of the International Chamber of Commerce by one or more
      arbitrators appointed in accordance with said rules.  Such
      arbitration shall be conducted in English and shall be held in Geneva,
      Switzerland.  Judgment upon the awards rendered may be entered
      in any court having jurisdiction for a judicial acceptance of the awards
      and an order of enforcement as the case may
be.

            

    

     

    
      	
              16.3

            	
              The
      validity and effect of this Agreement shall be interpreted under the laws
      of Singapore.

            

    

     

    Article 17
- Effective
Date, termination

     

    
      	
              17.1

            	
              The
      terms and conditions herein set forth shall become binding upon the
      Parties on the EFFECTIVE DATE.

            

    

     

    
      	
              17.2

            	
              This
      Agreement shall be in full force and effect as long as the LICENSED UNIT
      shall operate and it may not be terminated except that, if one Party makes
      a gross breach in performing an obligation under this Agreement, the other
      Party may, after a 30 (thirty) days' advance written notice, terminate
      this Agreement if the defaulting Party has not taken proper measures to
      remedy its failure.

            

    

    
      
         

      

      
        - 21 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
              17.3

            	
              If
      this Agreement is terminated because of breach by LICENSEE of provisions
      of Article 8 - (Financials) or Article 9 - (Confidentiality) and LICENSEE
      fails to abide by a decision rendered under Article 16.2 relating to said
      breach, LICENSEE hereby undertakes that it will discontinue the use of the
      PROCESS in the LICENSED UNIT.

            

    

     

    
      	
              17.4

            	
              In
      any other case of termination, neither party shall have any further right
      of obligations under this Agreement,
except:

            

    

     

    
      	
               
      

            	
              a)

            	
              LICENSEE
      shall remain liable under Article 8 - for any royalty fees and costs
      accrued before termination,

            

    

     

    
      	
               
      

            	
              b)

            	
              LICENSOR
      and LICENSEE rights and obligations under Article 5.2 (Grant-Back), under
      Article 14.4 (Reference) hereof shall remain in effect
  and

            

    

     

    
      	
               
      

            	
              c)

            	
              LICENSEE's
      rights under Article 3 - (Grant of license) shall remain in effect to the
      extent of any fully paid license(s) acquired by
  LICENSEE,

            

    

     

    
      	
               
      

            	
              d)

            	
              LICENSEE's
      rights and LICENSOR's obligations under Article 10 (Patent or other
      intellectual property infringement) shall remain in
  effect.

            

    

     

    
      	
              17.5

            	
              In
      no event shall termination of this
Agreement:

            

    

     

    
      	
               
      

            	
              a)

            	
              relieve
      LICENSEE of its restrictions on use, duplication and disclosure of
      TECHNICAL INFORMATION under Article 9 - (Confidentiality) hereof,
      or

            

    

     

    
      	
               
      

            	
              b)

            	
              affect
      LICENSOR and LICENSEE rights and obligations under Article 16 -
      (Conciliation-Arbitration) hereof.

            

    

     

    
      	
              17.6

            	
              A
      Schedule of 18 pages is attached herewith forming a part of this
      Agreement; however, if a term or provision of this Agreement is to
      conflict with the content of the Schedule, this Agreement shall
      prevail.

            

    

    
      
         

      

      
        - 22 / 45
-

        
          

        

      

      
         

      

    

    SCHEDULE
TO AGREEMENT N° 07/3071

     

    TECHNICAL
GUARANTEES

     

    A
- DEFINITIONS

     

    
      	
              A-1

            	
              In
      addition to the definitions given in Article 1 - here
    above:

            

    

     

    
      	
               
      

            	
              a)

            	
              "CATALYST" means
      individually or collectively the catalyst specified hereafter, or any
      other one that may be timely recommended by
  LICENSOR.

            

    

     

    "CATA LIFE PERIOD" means the
period commencing at READY FOR START-UP DATE (as defined below) after loading of
a fresh charge of CATALYST in the LICENSED UNIT and ending when the CATALYST is
spent or when the guarantee is met, whichever occurs first.

     

    
      	
               
      

            	
              b)

            	
              "CHARGE" means, among the
      feed materials processable in the LICENSED UNIT, the feed material which
      shall be charged to the LICENSED UNIT to perform the PERFORMANCES TEST
      PERIOD (as defined hereafter), and which shall have the characteristics
      specified hereafter.

            

    

     

    
      	
               
      

            	
              c)

            	
              "PERIOD" means either
      PERFORMANCES TEST PERIOD or CATA LIFE PERIOD as the case may
      be.

            

    

     

    
      	
               
      

            	
              d)

            	
              "PRODUCT" means
      individually or collectively the effluent material from the LICENSED UNIT
      having the characteristics given
hereafter.

            

    

     

    
      	
               
      

            	
              e)

            	
              "PERFORMANCES PROBE"
      means the comparison of the actual performances measured during the
      PERFORMANCES TEST PERIOD with the guarantees herein set
    forth.

            

    

     

    
      	
               
      

            	
              f)

            	
              "PERFORMANCES TEST
      PERIOD" means 48 (forty-eight) consecutive hours of operation of
      the LICENSED UNIT during which the LICENSED UNIT shall be under checking
      and its actual performances
measured.

            

    

     

    
      	
               
      

            	
              g)

            	
              "MECHANICAL COMPLETION"
      means the successful completion of mechanical construction of the LICENSED
      UNIT, strictly in accordance with the engineering design specifications
      furnished by LICENSOR and such detailed design as furnished or approved by
      LICENSOR pursuant to the PBSA, including but not limited to verification
      that the LICENSED UNIT is mechanically complete, clean (including
      internally) and leak proof.

            

    

     

    
      	
               
      

            	
              h)

            	
              "READY FOR START-UP DATE"
      means the date when, after MECHANICAL COMPLETION, the CATALYST employed in
      the LICENSED UNIT if any has been supplied and/or approved by LICENSOR for
      the purposes of this Agreement, the CATALYST if any has been loaded in the
      LICENSED UNIT according to LICENSOR's instructions and in the presence of
      LICENSOR's representative and all prerequisites for a proper operation of
      the LICENSED UNIT are met as approved by
  LICENSOR.

            

    

     

    
      	
               
      

            	
              i)

            	
              "START-UP DATE" means the
      date when, after READY FOR START-UP, (1), CATALYST in-situ activation if
      any has been conducted and (2) feed material is first introduced into the
      LICENSED UNIT with the intent to operate
it.

            

    

    
      
         

      

      
        - 23 / 45
-

        
          

        

      

      
         

      

    

     

    B
- CONDITIONS OF GUARANTEE

     

    
      	
              B-1

            	
              LICENSOR
      guarantees that, subject to the terms and conditions hereafter, the
      LICENSED UNIT shall meet the performances shown in the Section I
      hereafter.

            

    

     

    
      	
              B-2

            	
              LICENSOR
      shall be discharged from any responsibility with regard to any guarantee
      in the following situations provided that such situation directly affects
      the performance of the LICENSED
UNIT:

            

    

     

    
      	
               
      

            	
              a)

            	
              Detailed
      engineering, construction or operation of the LICENSED UNIT (i) is not in
      accordance with LICENSOR's data and instructions, (ii) employs, for those
      equipments and supplies designated as qualified in the Process Book,
      vendors outside the list of qualified vendors listed in the Process Book,
      (iii) employs defective materials, equipment or standards, or (iv) uses
      specifications or data that have not been approved in writing by
      LICENSOR.

            

    

     

    
      	
               
      

            	
              b)

            	
              LICENSEE
      declines to have the team of LICENSOR advisors acting as specified in
      Sections C-1 or D-1 hereafter.

            

    

     

    
      	
               
      

            	
              c)

            	
              LICENSEE
      declines to have the modifications to the LICENSED UNIT made as requested
      by LICENSOR under Section G-1
hereafter.

            

    

     

    
      	
               
      

            	
              d)

            	
              The
      LICENSED UNIT is operated under conditions different from those either
      specified by LICENSOR or approved in writing by
  LICENSOR.

            

    

     

    
      	
              B-3

            	
              LICENSOR
      shall be considered to have fulfilled this Guarantee in any of the
      following events:

            

    

     

    
      	
               
      

            	
              a)

            	
              LICENSEE
      declines to have a PERIOD conducted stating that, in its opinion, the
      LICENSED UNIT operates in a proper
manner;

            

    

     

    
      	
               
      

            	
              b)

            	
              A
      PERFORMANCE PROBE has demonstrated that a guaranteed performance has been
      equalled or exceeded during the corresponding
  PERIOD;

            

    

     

    
      	
               
      

            	
              c)

            	
              A
      guaranteed performance has not been reached
but:

            

    

     

    
      	
               
      

            	
              -

            	
              LICENSEE
      is in breach of any of the provisions set forth in this schedule herein,
      or

            

    

     

    
      	
               
      

            	
              -

            	
              LICENSOR
      has already spent its maximum financial liability as set forth in Article
      11.3h) of this Agreement, or

            

    

     

    
      	
               
      

            	
              -

            	
              LICENSEE
      has refused to comply with LICENSOR's request to replace (or to regenerate
      as the case may be) a CATALYST charge which has been damaged by an
      operating trouble as contemplated in Section D-2-f
    hereafter.

            

    

     

    
      	
               
      

            	
              d)

            	
              Whenever,
      without fault of
LICENSOR:

            

    
 

    
      
         

      

      
        - 24 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              -

            	
              the
      first PERFORMANCES TEST PERIOD has not been started within 60 (sixty) days
      from the READY FOR START-UP DATE,
or

            

    

     

    
      	
               
      

            	
              -

            	
              the
      performances guarantees specified in Section I hereafter have not been met
      within 120 (hundred twenty) days from same date,
  or

            

    

     

    
      	
               
      

            	
              -

            	
              LICENSEE
      has materially failed to perform its obligations in the manner set forth
      in Section D-2-a hereof.

            

    

     

    C
- LICENSOR's ASSISTANCE - RULES OF CONDUCT OF LICENSOR ADVISORS

     

    
      	
              C-1

            	
              Assistance during the
      initial stages of operation of the LICENSED
  UNIT

            

    

     

    
      	
               
      

            	
              a)

            	
              LICENSEE
      shall give LICENSOR a 3 (three) months' advance notice of the expected
      MECHANICAL COMPLETION date.

            

    

     

    
      	
               
      

            	
              b)

            	
              Prior
      to departure of LICENSOR advisors, LICENSOR will confirm to LICENSEE and
      LICENSEE will approve in writing not later than four weeks prior to the
      expected MECHANICAL COMPLETION date, the per diem fee adjusted under
      article 8.2 a) (by using the last then published Index), hotel
      accommodation, local transportation means, possible luggage excess, final
      composition of the LICENSOR team of advisors, arrival schedule, work
      organization, on-site facilities,
etc.

            

    

     

    One Chief
Technical Advisor and one Technical Advisor shall be present during the
following steps:

     

    
      	
               
      

            	
              -

            	
              inspection
      established in Section D-1-a
hereafter,

            

    

     

    
      	
               
      

            	
              -

            	
              CATALYST
      loading operation, if any, referred to in Section D-1-b
      hereafter,

            

    

     

    LICENSOR's
complete team (two Technical Advisors and one Chief Technical Advisor) shall be
present during the following steps:

     

    
      	
               
      

            	
              -

            	
              start-up
      preparation referred to in section D-1-c
  hereafter,

            

    

     

    
      	
               
      

            	
              -

            	
              CATALYST
      pre-treatment, if any, as described in Section D-1-c
      hereafter,

            

    

     

    
      	
               
      

            	
              -

            	
              LICENSED
      UNIT adjustment as described in Section D-1-d
  hereafter,

            

    

     

    
      	
               
      

            	
              -

            	
              PERFORMANCES
      TEST PERIOD(s), until the end of the last PERFORMANCE PROBE permitted
      hereunder.

            

    

     

    
      	
               
      

            	
              c)

            	
              In
      case of replacement of one of its advisors, LICENSOR undertakes that the
      new designated advisor shall have the same ability as the replaced one to
      perform its job under this
Agreement.

            

    

    
      
         

      

      
        - 25 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
              C-2

            	
              Rules of conduct of
      LICENSOR's advisors

            

    

     

    
      	
               
      

            	
              a)

            	
              LICENSEE
      shall be solely in charge of the operations and operating personnel and
      LICENSOR personnel shall have no authority whatsoever to direct or cause
      LICENSEE or LICENSEE personnel to act.  All LICENSOR personnel
      must comply with the regulations then in force at the LICENSED UNIT
      (safety, secrecy, etc.).  LICENSEE shall give LICENSOR personnel
      full facilities and put at their disposal all means to fulfil their
      duty.

            

    

     

    
      	
               
      

            	
              b)

            	
              LICENSED
      UNIT operations must be in accordance with the Operating Instructions
      furnished to LICENSEE by LICENSOR under the PBSA or by LICENSOR Chief
      Start-up advisor from time to time at the job site.  Upon
      request by LICENSEE, LICENSOR personnel shall give full and clear
      explanation of any such advice and the basis
  thereof.

            

    

     

    
      	
               
      

            	
              c)

            	
              If
      LICENSEE disagrees with any advice given by LICENSOR, it will state such
      disagreement in writing with the basis hereof.  In the event
      LICENSEE and LICENSOR fail to reconcile their differences of opinion and
      LICENSEE fails to follow the advice, LICENSOR Chief Start-up Advisor will
      so notify LICENSEE in writing.

            

    

     

    
      	
               
      

            	
              d)

            	
              During
      the Start-up and the initial operation of the LICENSED UNIT and during the
      PERFORMANCES TEST PERIOD, LICENSOR personnel shall have full discretion to
      check at reasonable time all instrumentation records and operating
      logbooks and shall have free access to the control-labs for the purpose of
      examining the analysis being
undertaken.

            

    

     

    Upon
request of LICENSOR Chief Start-up Advisor, LICENSEE shall provide a sample of
any material treated or produced by the LICENSED UNIT or employed in it in order
that LICENSOR may have such sample analyzed at its own expense.

     

    In the
event that the analytical results obtained by the Parties conflict with each
other, a sample of the considered product shall be submitted to a mutually
agreed upon laboratory.  The findings of this laboratory shall be
accepted as final.

     

    D
- START-UP AND TESTING

     

    
      	
              D-1

            	
              Inspection, CATALYST
      loading and start-up

            

    

     

    Subject
to provisions of Article 6.5 c), all the guarantees given herein shall be void
if LICENSOR representatives are not present in the LICENSED UNIT continuously
during the following steps:

     

    
      	
               
      

            	
              a)

            	
              Inspection.  Prior
      to the MECHANICAL COMPLETION, LICENSOR will inspect the LICENSED UNIT
      including the vessels, the piping and the internal parts of the critical
      equipment such as reactors, columns and the like to verify conformity with
      process specifications and operation requirements and will establish a
      list of requested modifications, if
any.

            

    

     

    
      	
               
      

            	
              b)

            	
              CATALYST loading. The
      CATALYST loading (if any) shall be performed in the presence of LICENSOR
      advisors after inspection of the
internals.

            

    

    
      
         

      

      
        - 26 / 45
-

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              c)

            	
              Start-up
      preparation.  Promptly after the satisfactory completion
      of the inspection by LICENSOR under D-1-a above, LICENSEE will perform the
      preparation for start-up according to LICENSOR's
      instructions.  This includes tightness tests, drying, warming
      and associated activities.  Upon completions of Start-up
      preparation, LICENSOR shall issue a READY FOR START-UP Certificate
      according to LICENSOR procedures (form in Annex A), for LICENSEE
      approval.

            

    

     

    
      	
               
      

            	
              d)

            	
              Start-up.  Promptly
      after READY FOR START-UP, LICENSEE will perform CATALYST activation if any
      and put the LICENSED UNIT on-stream according to LICENSOR's instructions
      when CHARGE, raw materials, utilities and the like are available in
      suitable quality and in quantities not less than the minimum necessary for
      a proper operation of the PROCESS.

            

    

     

    LICENSEE
shall then conduct such preliminary periods of operation as LICENSOR may deem
necessary for adjustment of the LICENSED UNIT.

     

    
      	
               
      

            	
              e)

            	
              Performance test
      procedure.  Prior to the first PERFORMANCES TEST PERIOD,
      LICENSOR shall establish and LICENSEE shall approve, the procedure for the
      PERFORMANCES TEST PERIOD,
including:

            

    

     

    
      	
               
      

            	
              -

            	
              the
      program of testing, sampling, and
analysis,

            

    

     

    
      	
               
      

            	
              -

            	
              the
      analytical methods that shall actually be used and the accuracy of such
      methods,

            

    

     

    
      	
               
      

            	
              -

            	
              the
      data logging,

            

    

     

    
      	
               
      

            	
              -

            	
              any
      specific calibration of measures or correction factors that may be
      used.

            

    

     

    
      	
               
      

            	
              f)

            	
              Preparation for the
      PERFORMANCES TEST PERIOD.  When CHARGE, raw materials,
      utilities and the like can be continuously provided in the quantities and
      qualities specified by LICENSOR to run the LICENSED UNIT at the capacity
      for which the guarantees have been established, LICENSEE will complete the
      adjustments required by LICENSOR up to the point where the LICENSED UNIT
      shall be in a steady state of operation and ready for the PERFORMANCES
      TEST PERIOD.

            

    

     

    
      	
               
      

            	
              g)

            	
              Miscellaneous - First steps of
      operation.  During this start-up period, LICENSEE will
      have the LICENSED UNIT shutdown or operated under the various operating
      conditions that LICENSOR advisors may reasonably request.  It is
      understood that they will, as far as possible, take into account the local
      circumstances and the commercial requirements of the LICENSED UNIT;
      especially any shut-down shall be made at mutual
    convenience.

            

    

     

    
      	
              D-2

            	
              PERFORMANCES TEST
      PERIOD proceedings

            

    

     

    
      	
               
      

            	
              a)

            	
              As
      soon as the LICENSED UNIT is ready for the PERFORMANCES TEST PERIOD and
      immediately upon the first reasonable request from LICENSOR, LICENSEE
      shall begin the PERFORMANCE TEST PERIOD, otherwise Section E-1 shall
      apply.  LICENSOR advisors made available under Section C-1-a
      hereof shall be at all times in attendance prior to and during the
      PERFORMANCE TEST PERIODS.  Otherwise, Section E-1 shall
      apply.

            

    

    
      
         

      

      
        - 27 / 45
-

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              b)

            	
              During
      this period, the LICENSED UNIT shall be operated and controlled in
      accordance with the procedure set up beforehand as foreseen in Section
      D-1-e.

            

    

     

    
      	
               
      

            	
              c)

            	
              A
      portion of all the samples collected and all the records made during the
      PERFORMANCES TEST PERIOD, shall be retained until all analysis and
      examinations are completed and the PERFORMANCES PROBE
  made.

            

    

     

    
      	
               
      

            	
              d)

            	
              All
      results shall be examined jointly by the Parties.  LICENSOR
      shall issue a complete PERFORMANCE PROBE report setting forth those
      results and indicating whether the Performances guarantees have been met,
      for approval by LICENSEE.

            

    

     

    LICENSEE
and LICENSOR shall sign the PERFORMANCES PROBE Certificate, substantially in the
form specified in Annex B hereof.

     

    
      	
               
      

            	
              e)

            	
              The
      performances that shall be taken into account for comparison with the
      guaranteed ones shall be the average of the data obtained during the whole
      PERIOD under consideration.

            

    

     

    
      	
               
      

            	
              f)

            	
              If
      LICENSOR ascertains that certain damages have been caused to the CATALYST
      charge, then LICENSOR shall have the right to require LICENSEE either to
      replace or to regenerate it before commencing a
      PERIOD.  Provided, however that, if such damage to the CATALYST
      charge has occurred solely due to an operating trouble and/or an incorrect
      handling so long as this operating trouble and/or an incorrect handling
      are not caused by the deficiency or defect in the TECHNICAL INFORMATION
      and/or the PROCESS BOOK, then such replacement or regeneration of the
      CATALYST shall be done at LICENSEE's cost and otherwise at LICENSOR's
      cost.

            

    

     

    
      	
              D-3

            	
              CATA LIFE PERIOD
      proceedings

            

    

     

    
      	
               
      

            	
              a)

            	
              During
      this period the CATALYST charge shall not be deemed spent except by common
      agreement between LICENSEE and
LICENSOR.

            

    

     

    
      	
               
      

            	
              b)

            	
              To
      enable LICENSOR to monitor the LICENSED UNIT, LICENSEE shall establish
      weekly records of the LICENSED UNIT performance on forms mutually
      agreeable and send to LICENSOR samples of process streams and CATALYST as
      reasonably required by LICENSOR LICENSEE shall deliver them to LICENSOR,
      at regular monthly intervals.  To the extent that LICENSOR
      considers necessary, LICENSOR will review the records received and analyze
      the samples received and then advise LICENSEE of any findings LICENSOR
      deems relevant to the operation of the LICENSED
  UNIT.

            

    

     

    
      	
               
      

            	
              c)

            	
              LICENSEE
      shall promptly notify LICENSOR of any sudden deterioration of the
      performance of the LICENSED UNIT and include in the notice a description
      of the circumstances before and during the deterioration and all operation
      and laboratory data taken before and during the deterioration as LICENSOR
      may then specify.  LICENSOR may elect to send an advisor to
      review the operations of the LICENSED UNIT, at LICENSEE's
      expense.

            

    

    
      
         

      

      
        - 28 / 45
-

        
          

        

      

      
         

      

    

    
      	
              D-4

            	
              Substitute
      guarantees

            

    

     

    
      	
               
      

            	
              a)

            	
              At
      any time prior to completion of a PERIOD, LICENSEE may request of LICENSOR
      in writing substitute guarantees to those of Section I hereof on the basis
      of LICENSEE's desire to process a different feed material that is not
      within the specified parameters for
CHARGE.

            

    

     

    
      	
               
      

            	
              b)

            	
              If
      LICENSOR believes, at its sole discretion, that such alternate feed
      material can be processed in the LICENSED UNIT using the PROCESS and no
      additional studies or pilot plant work is necessary, LICENSOR will propose
      reasonable substitute guarantees to those of Section I hereof, based on
      the alternate feed material.

            

    

     

    
      	
               
      

            	
              c)

            	
              Within
      30 (thirty) days from receipt of the substitute guarantees, LICENSEE must
      elect in writing to either accept the substitute guarantees or retain the
      original guarantees.

            

    

     

    E
- DELAYS AND INTERRUPTIONS

     

    
      	
              E-1

            	
              Should
      the PERFORMANCES TEST PERIOD have to be delayed, LICENSEE shall bear any
      and all LICENSOR's expenses so involved by the presence of LICENSOR's
      personnel except in the event such delay is solely caused by LICENSOR,
      provided that in any such event, the periods set forth in Section B-3-d
      shall be extended for a time equal to the duration of said
      delay.

            

    

     

    
      	
              E-2

            	
              If
      a PERIOD has been interrupted or disturbed for causes beyond LICENSOR's
      control, and provided that the period established in Section B-3-d is not
      terminated, a new PERIOD shall be conducted but, at LICENSOR's option, the
      testing time before the interruption or disturbance may be included in
      this new PERIOD.

            

    

     

    F
- FAILURE TO MEET GUARANTEES

     

    If, for
any reason attributable to LICENSOR the guaranteed performances have not been
obtained during a first PERIOD, LICENSOR shall have the right to request that
additional PERIODS be conducted provided that:

     

    
      	
               
      

            	
              a)

            	
              When
      additional PERFORMANCES TEST PERIODS are
  concerned:

            

    

     

    
      	
               
      

            	
              i)

            	
              none
      shall be allowed to be made after 120 (hundred twenty) days of the first
      PERFORMANCES PROBE (excepting the time such PERIOD could not be conducted
      for reasons beyond the control of LICENSOR) unless LICENSEE has agreed in
      writing for extension of such 120 days
period,

            

    

     

    
      	
               
      

            	
              ii)

            	
              the
      expenses relative to the presence of LICENSOR advisors after the date of
      said first PERFORMANCE PROBE shall be borne by LICENSOR, except during any
      delay attributable to LICENSEE.

            

    

     

    
      	
               
      

            	
              b)

            	
              Only
      one CATA LIFE PERIOD shall be allowed to be
  made.

            

    

     

    
      	
               
      

            	
              c)

            	
              In
      order to allow LICENSOR to determine the cause of failure and to decide of
      further adjustments, the provisions of Section D-1 shall
      apply.

            

    

    
      
         

      

      
        - 29 / 45
-

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              d)

            	
              The
      test procedures of any additional PERIOD shall be those of the original
      corresponding one.

            

    

     

    G
- MODIFICATIONS TO THE LICENSED UNIT

     

    
      	
              G-1

            	
              Until
      completion of the last PERIOD permitted hereunder, LICENSOR may request
      LICENSEE in writing to have modifications or additions or replacements
      made to the LICENSED UNIT in order to correct deficiencies in LICENSED
      UNIT performance, provided that such amendments shall, as far as possible,
      take into account the local circumstances and the commercial requirements
      of the LICENSED UNIT and not result in an appreciable alteration of the
      profitability of the LICENSED UNIT.

            

    

     

    
      	
              G-2

            	
              At
      LICENSEE's request LICENSOR shall advise LICENSEE on the effect of such
      modifications, additions or
replacements.

            

    

     

    When such
amendments are required due to errors attributable to LICENSOR, LICENSOR shall
carry out, free of charge, the process-engineering studies necessary for making
those amendments and shall bear thirty (30%) percent of the purchase cost (EXW
basis) of any additional equipment or one hundred (100%) percent of the purchase
cost (EXW basis) of any modification to equipment, as may be required to correct
such error, within LICENSOR's aggregate liability limitation under Article
11.3h) of this Agreement.

     

    H
- LIQUIDATED DAMAGES

     

    
      	
              H-1

            	
              In
      the event that certain of the guaranteed performances have not been met
      during the last corresponding PERIOD permitted under Section F-2 and if
      the failure is due to reasons accountable to LICENSOR, LICENSOR pecuniary
      liability shall become fixed as liquidated damages determined as specified
      in Section J hereafter.

            

    

     

    
      	
              H-2

            	
              Each
      Party shall maintain true and complete books of account containing an
      accurate record of all data necessary for the proper determination of any
      reimbursement, credit or any sum due by any Party
    hereunder.

            

    

     

    Each
Party shall have the right to have such other Party books of account checked by
an independent certified public accountant.

     

    I
- GUARANTEE FIGURES

     

    
      	
              I-1

            	
              CHARGE
      Specifications

            

    

     

    
      	
               
      

            	
              a)

            	
              Vegetable
      oil

            

    

     

    The feed
to the UNIT will be palm oil originating from oilseed crushing/extraction and
pre-refining plants and meeting the following specifications:

     

    
      
        
          
            
              
                
                  	
                          Phosphor
      content

                        	
                          :

                        	
                          5
      ppm wt max.

                        
	 
      	 
      	 
      
	
                          Na
      + K content

                        	
                          :

                        	
                          10
      ppm wt
max.

                        

                

              

            

          

        

      

    

    
      
         

      

      
        - 30 / 45
-

        
          

        

      

      
         

      

    

    

    
      
        
          	
                  Total
      other metals

                	
                  :

                	
                  2
      ppm wt max.

                
	 
      	 
      	 
      
	
                  Sulfur

                	
                  :

                	
                  10
      ppm wt max.

                
	 
      	 
      	 
      
	
                  Water
      content

                	
                  :

                	
                  1,000
      ppm wt max.

                
	 
      	 
      	 
      
	
                  Free
      Fatty Acid (FFA)

                	
                  :

                	
                  0.25
      % wt max.

                
	 
      	 
      	 
      
	
                  Unsaponificables

                	
                  :

                	
                  2 %
      wt max.

                
	 
      	 
      	 
      
	
                  Wax

                	
                  :

                	
                  20
      ppm wt max.

                

        

      

    

     

    
      	
               
      

            	
              b)

            	
              Methanol

            

    

    
      	
               
      

            	
              Commercial
      grade 1A methanol :

            

    

     

    
      
        
          	
                  Methanol
      content

                	
                  :

                	
                  99.85
      wt % min.

                
	 
      	 
      	 
      
	
                  Water
      content

                	
                  :

                	
                  1000
      ppm wt max.

                
	 
      	 
      	 
      
	
                  Basicity
      (NH3 equivalent)

                	
                  :

                	
                  30
      wt ppm max.

                
	 
      	 
      	 
      
	
                  Metallic
      ions content

                	
                  :

                	
                  1
      wt pmm max.

                

        

      

    

     

    
      	
              I-2

            	
              CATALYST

            

    

     

    The
guaranteed performances shown hereafter are established for the use of the
appropriate amount of STR 111 catalyst sold by LICENSOR.

     

    
      	
              I-3

            	
              PRODUCT
      Specifications

            

    

     

    
      	
               
      

            	
              a)

            	
              "FAME"
      PRODUCT specifications:

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              Property

                            	 	
                              Unit

                            	 	
                              Limits

                            	 	
                              Test method

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              Ester
      content

                            	 	
                              wt
      %

                            	 	
                              96.5
      min.

                            	 	
                              EN
      14 103

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              Density
      at 15 °C

                            	 	
                              kg/m3

                            	 	
                              Between
      860 and 900

                            	 	
                              EN
      ISO 12 185

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              Viscosity
      at 40 °C

                            	 	
                              mm2/s

                            	 	
                              Between
      3.5 and 5.0

                            	 	
                              EN
      ISO 3104

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              Flash
      point

                            	 	
                              °C

                            	 	
                              120
      min.

                            	 	
                              EN
      ISO 3 679

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              Sulfur
      content

                            	 	
                              wt
      ppm

                            	 	
                              10
      max.

                            	 	
                              EN
      ISO 20 846

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              Carbon
      residue

                              (on
      10 % distillation residue)

                              (on
      100% sample)

                            	 	
                              wt
      %

                            	 	
                              0.30
      max.

                              0.05
      max.

                            	 	
                              EN
      ISO 10 370

                              D4530

                            

                    

                  

                

              

            

          

        

      

    

     

    
      
        
        

      

      
        - 31 / 45
-

        
          

        

      

      
        
        

      

    

     

    
      
        
          
            
              	
                      Cetane
      number

                    	 	 
      	 	
                      51.0
      min

                    	 	
                      EN
      ISO 5165

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Sulfated
      ash content

                    	 	
                      wt
      %

                    	 	
                      0.02
      max.

                    	 	
                      ISO
      3987 & D874

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Water
      content

                    	 	
                      wt
      ppm

                    	 	
                      500
      max.

                    	 	
                      EN
      ISO 12 937

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Water
      and sediment

                    	 	
                      vol
      %

                    	 	
                      0.05
      max.

                    	 	
                      D2709

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Copper
      strip corrosion

                      (3
      h at 50 °C)

                    	 	
                      Rating

                    	 	
                      Class1
      max.

                    	 	
                      EN
      ISO 2160

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Acid
      value

                    	 	
                      Mg
      KOH/g

                    	 	
                      0.5
      max.

                    	 	
                      EN
      14 104

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Iodine
      value

                    	 	
                      gr
      iodine/100g

                    	 	
                      120
      max.

                    	 	
                      EN
      14 111

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Linolenic
      acid methyl ester*

                    	 	
                      wt
      %

                    	 	
                      12.0
      max.

                    	 	
                      EN
      14103

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Polyunsaturated
      (>= 4 double bonds methyl esters*

                    	 	
                      wt
      %

                    	 	
                      1.0
      max.

                    	 	 
      
	 
      	 	 
      	 	 
      	 	 
      
	
                      Methanol
      content

                    	 	
                      wt
      %

                    	 	
                      0.2
      max.

                    	 	
                      EN
      14 110

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Monoglyceride
      content

                    	 	
                      wt
      %

                    	 	
                      0.8
      max.

                    	 	
                      EN
      14 105

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Diglyceride
      content

                    	 	
                      wt
      %

                    	 	
                      0.2
      max.

                    	 	
                      EN
      14 105

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Triglyceride
      content

                    	 	
                      wt
      %

                    	 	
                      0.2
      max.

                    	 	
                      EN
      14 105

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Free
      glycerol

                    	 	
                      wt
      %

                    	 	
                      0.02
      max.

                    	 	
                      EN
      14 105

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Total
      glycerol

                    	 	
                      wt
      %

                    	 	
                      0.24
      max.

                    	 	
                      EN
      14 105

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Group
      I metals (Na + K) content Group II metals (Ca + Mg)

                    	 	
                      wt
      ppm

                      wt
      pmm

                    	 	
                      5
      max.

                      5
      max

                    	 	
                      EN
      14 108

                      EN
      14 538

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Oxidation
      stability, 110°C**

                    	 	
                      Hours

                    	 	
                      6.0
      min.

                    	 	
                      EN
      14 112

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Phosphorus
      content

                    	 	
                      wt
      ppm

                    	 	
                      10
      max

                    	 	
                      EN
      14 107

                    
	 
      	 	 
      	 	 
      	 	 
      
	
                      Distillation,
      T90 AET

                    	 	
                      °C

                    	 	
                      360°C

                    	 	
                      D1160

                    

            

          

        

      

    

    

    *or the
corresponding fatty acid content in the CHARGE, whichever is
greater

     

    **on
fresh sample stored as per procedure indicated in the Operating

     

    
      	
               
      

            	
              b)

            	
              "GLYCERIN"
      PRODUCT specifications:

            

    

     

    Glycerol
content: 97.5 wt % Min.

    
      
         

      

      
        - 32 / 45
-

        
          

        

      

      
         

      

    

    
      	
              I-4

            	
              PERFORMANCES
      Guarantees

            

    

     

    When the
LICENSED UNIT is fed with appropriate quantities of CHARGE and with all
necessary raw materials, as set forth in LICENSOR Operating Instructions, when
it is operated under the conditions prescribed by LICENSOR, then:

     

    
      	
               
      

            	
              a)

            	
              Capacity

            

    

     

    The
LICENSED UNIT shall be capable to produce 100% (one hundred percent) of the
quantity of FAME PRODUCT retained as DESIGN CAPACITY.

     

    
      	
               
      

            	
              b)

            	
              Yield

            

    

     

    The yield
of the LICENSED UNIT, which is calculated by dividing the "FAME" PRODUCT weight
by the vegetable oil CHARGE weight entering into the UNIT and by multiplying
this result by 100, shall not be below 100 %.

     

    
      	
               
      

            	
              c)

            	
              FAME
      PRODUCT quality

            

    

     

    When the
test run is carried-out on CHARGE meeting the specifications defined in
paragraph I-1 a) above the quality of the "FAME" PRODUCT will be in accordance
with the specifications mentioned in paragraph I-3 a).

     

    
      	
               
      

            	
              d)

            	
              GLYCERIN
      PRODUCT quality

            

    

     

    The
glycerol content of the GLYCERIN PRODUCT, expressed in wt %, shall not be less
than 97.5.

     

    
      	
               
      

            	
              e)

            	
              Utilities
      consumption

            

    

     

    The total
steam consumption and the total cooling water consumption of the LICENSED UNIT
expressed in tons per hour, excluding utilities consumption for winterizing, air
conditioning, ventilation, lighting and maintenance, shall not be more than 110
% of the values indicated in the Technical Proposal from Axens referenced
MYS07515 (rev 0) dated June 2007 sent by email on June 7th, 2007.

     

    
      	
              I-5

            	
              CATALYST
      Guarantee

            

    

     

    When the
LICENSED UNIT operates at not more than the design capacity, fed with
appropriate quantities of CHARGE and with all necessary raw materials, as set
forth in LICENSOR Operating Instructions, when it is operated under the
conditions prescribed by LICENSOR, provided that LICENSOR advisors are present
during any CATALYST performance test, then the CATA LIFE PERIOD shall not be
less than LPG, LPG being equal to 24 (twenty four) months or the time upon which
PRODG tons of FAME PRODUCT have been produced, PRODG being equal to 500,000
(five hundred thousand) tons, whichever occurs first.

     

    J
- LIQUIDATED DAMAGES COMPUTATION

     

    
      	
              J-1

            	
              PERFORMANCES
      Liquidated Damages
Computation

            

    

     

    
      If,
during the last PERFORMANCES TEST PERIOD permitted under Section
F-a:

    

     

    
      
         

      

      
        - 33 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              1.

            	
              The
      LICENSED UNIT has processed C1 % of the DESIGN CAPACITY instead of 100% as
      guaranteed in Section I-4 a) above,

            

    

     

    
      	
               
      

            	
              2.

            	
              The
      yield of the UNIT has been Y1 instead of 100 % as guaranteed in Section
      I-4 b) above,

            

    

     

    
      	
               
      

            	
              3.

            	
              For
      a certain number of properties of the FAME PRODUCT, the specification,
      which is indicated in the table of Section I-3 a) and which is guaranteed
      in Section I-4c) above, has not been
met,

            

    

     

    
      	
               
      

            	
              4.

            	
              The
      content of glycerol of the GLYCERIN PRODUCT has been CG instead of 97.5 as
      guaranteed in Section 1-4 d) above,

            

    

     

    
      	
               
      

            	
              5.

            	
              The
      cooling water consumption and the steam consumption have been W and S
      instead of 110 % as guaranteed in Section I-4 e)
  above,

            

    

     

    the
following computation shall be made where (M1), (M2), (M3), (M4) and (M5) are
quoted in US Dollars and R is the royalty indicated under Article
8.1:

     

    (M1) =
R/10 x (100 - C1)

     

    (M2) =
R/10 x ( 100 - Y1)

     

    (M3) = n
x (R/50)

     

    where n
is the number of properties of the FAME PRODUCT for which the guaranteed
specification has not been met

     

    (M4) =
R/10 x (97.5 - CG)

     

    (M5) = R
/ 50 x [(W - 110) + (S - 110)]

     

    
      	
              J-2

            	
              CATALYST Replacement
      Computation

            

    

     

    If the
CATA LIFE PERIOD is LP instead of LPG months as guaranteed in Section I-5 above
and the production of FAME PRODUCT has been PROD instead of PRODG, the following
computation shall be made where (CR) is quoted in kg.

     

    (CR) = Q
x [(LPG - LP) / LPG, or

     

    (CR) = Q
x [(PRODG - PROD) / PROGD],

     

    whichever
is the smallest

     

    where
:

     

    Q is the
total load amount of CATALYST loaded in the LICENSED UNIT, in kg.

     

    K
- SETTLEMENT

     

    
      	
              K-1

            	
              Should
      any of the values (M1), (M2), (M3), (M4) and (M5) be positive, the remedy
      calculated under Section J-1 of this Agreement for the corresponding
      guarantee will equal that
amount.

            

    

    
      
         

      

      
        - 34 / 45
-

        
          

        

      

      
         

      

    

    
      	
              K-2

            	
              Should
      any of the values (M1), (M2),(M3), (M4) and (M5) be nil or negative,
      LICENSOR will be deemed to have satisfied the corresponding
      warranty.

            

    

     

    
      	
              K-3

            	
              Should
      (CR) be positive LICENSOR will deliver to LICENSEE as liquidated damages
      and not as a penalty, ex-works place of manufacture at which time title to
      and risk of loss shall pass to LICENSEE, the quantity of CATALYST
      determined above and manufactured at LICENSOR' production
      plant.  Any tax and other governmental charge upon such
      replacement CATALYST imposed by the authorities of LICENSEE's country
      shall be paid by LICENSEE.

            

    

     

    
      
        
        

      

      
        - 35 / 45
-

        
          

        

      

      
        
        

      

    

     

    ANNEX A TO
SCHEDULE

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	 
      	
                                        Chrono:

                                      
	 	 
	
                                           
      

                                      	
                                        Date
      of file:

                                      	   
      
	
                                        CERTIFICATE

                                      	 	 
	
                                        READY-FOR-START-UP-DATE

                                      	Page:	36
      / 46
	 	 

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    Contractor / Contractant
:

     

    Location - Country / Site -
Pays :

     

    Agreement Number / N° Contrat
:

     

    Date of Agreement / Date
Signature :

     

    Between Axens and / Entre
Axens et :

     

    Job references / References de
I'affaire

    Axens reference / N° de
reference Axens :

     

    Client / Client :

     

    Location / Site :

     

    Unit / Unite :

     

    
      	
              ·

            	
              Ready-for-Start-Up-Date:

            

    

    
      	
               
      

            	
              Unit
      is considered as READY
      FOR START-UP on

            

    

     

    
      
        
          
            
              
                
                  	
                          Day

                        	 
      	
                          Month

                        	 
      	
                          Year

                        
	 
      	
                            

                        	 
      	
                            

                        	 
      

                

              

            

          

        

      

    

     

    The
Ready-for-Start-up-Date corresponds to:

     

    
      	
               
      

            	
              -

            	
              for catalytic units: the
      date when, after mechanical completion, the catalysts have been loaded in
      the unit, the reaction section has been connected with the rest of the
      unit, and the isolation devices removed or
  deactivated.

            

    

     

    
      	
               
      

            	
              -

            	
              for adsorption units:
      the date when, after mechanical completion, the adsorbents have been
      loaded in the unit,

            

    

     

    
      	
               
      

            	
              -

            	
              for non catalytic units:
      the date when, after mechanical completion, the feed has been injected in
      the unit for the first time,

            

    

    
      
         

      

      
        - 36 / 45
-

        
          

        

      

      
         

      

    

     

    
      	
              ·

            	
              Catalyst
      Guarantee:

            

    

     

    The Ready
for Start-up Date is considered as the beginning date for the CATALYST LIFE PERIOD
GUARANTEE.

     

    
      	
              ·

            	
              Date of Performance
      Test:

            

    

     

    In
accordance with the above-referenced Agreement, the PERFORMANCE TEST shall be
performed as soon as unit has been started, with operating conditions adjusted,
and within       
days after this Ready-for-Start-up-Date.

     

    
      
        
          
            	
                    For
      Axens

                    Axens
      Representative:

                  	
                    For

                  
	 
      	 
      
	
                    Date:

                  	
                    Date:

                  

          

        

      

    

    

    Copy:         Contractor,
Client, Axens

    
      
         

      

      
        - 37 / 45
-

        
          

        

      

      
         

      

    

    ANNEX B TO
SCHEDULE

     

    FORM
OF PERFORMANCES PROBE CERTIFICATE

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	 
      	
                                          Chrono:

                                        
	 
      	 
      
	 
      	
                                          Date:

                                        	 
      
	
                                          PERFORMANCE
      PROBE*

                                        	 
      
	 
      	
                                          Page:

                                        	
                                          38
      / 46

                                        
	 	 

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    Contractor / Contractant
:

     

    Location - Country / Site -
Pays :

     

    Agreement Number / N° Contrat
:

     

    Date of Agreement / Date
Signature :

     

    Between Axens and / Entre
Axens et :

     

    Job references / References de
I'affaire

    Axens reference / N° de
reference Axens :

     

    Client / Client :

     

    Location / Site :

     

    Unit / Unite :

     

    In
accordance with the above Agreement, a PERFORMANCES TEST PERIOD has
been performed at ......... % feed capacity, from ........................... to .......................................... ( .........
hours).

     

    * PRODUCT PROBE in former
agreement

     

    CC:        -  Contractor

     

    -  Client

     

    -  Axens

    
      
         

      

      
        - 38 / 45
-

        
          

        

      

      
         

      

    

    Comparison
between results and performances guarantees is summarized here
after:

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    Charge (Feed)

                                  	 	
                                    TEST
      RESULTS

                                  	 	
                                    DESIGN

                                  
	 
      	 	
                                    Average Figures

                                  	 	
                                    / Range

                                  	 	 
      
	 
      	 	 
      	 	 
      	 	 
      
	
                                    Feed
      Rate or % Capacity:

                                  	 	 
      	 	 
      	 	 
      
	 
      	 	 
      	 	 
      	 	 
      
	
                                    Main
      Characteristics:

                                  	 	 
      	 	 
      	 	 
      
	 
      	 	 
      	 	 
      
	
                                    Product
      specifications

                                  	 	 
      	 	
                                    GUARANTEE

                                  

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    All
performances guaranteed figures (Product specifications and Production) have
been satisfied.

    

    
      
        	
                For
      Axens

                Axens
      Representative:

              	
                For

              
	 
      	 
      
	
                Date:

              	
                Date:

              

      

    

    

    Copy:

    
      
         

      

      
        - 39 / 45
-

        
          

        

      

      
         

      

    

    ANNEX C TO
SCHEDULE

     

    LICENSEE's ANNUAL CAPACITY
DECLARATION FOR THE YEAR
         

     

    
      
        
          
            
              
                
                  	 
      	
                          Chrono:

                        
	 
      	 
      
	 
      	
                          Date:

                        
	 	 

                

              

            

          

        

      

    

     

    Contractor
/ Contractant :

     

    State - Town - Location / Pays
- Ville - Site :

     

    Agreement Number / N° Contrat
:

     

    Date of Agreement / Date
Signature :

     

    Between AXENS and / Entre
AXENS et :

     

    Job references / References de
l'affaire

    AXENS job number / N° de
reference AXENS :

     

    Client / Client :

     

    Location / Site :

     

    LICENSED UNIT /

     

    
      
        
          
            	
                    Quantity
      of charge

                  	 	 
      	 
      	 
      
	
                    Quantity
      of product

                  	 	 
      	 
      	 
      
	
                    Stream
      factor

                  	 	 
      	 
      	 
      
	
                    Royalty
      paid (cumulative)

                  	 	 
      	 
      	 
      
	
                    Royalty
      due (cumulative)

                  	 	 
      	 
      	 
      
	
                    Royalty
      due (for this year)

                  	 	
                      

                  	 
      	
                      

                  

          

        

      

    

    
      
         

      

      
        - 40 / 45
-

        
          

        

      

      
         

      

    

    ANNEX D TO
SCHEDULE

     

    Purchase Price for Esterfip
H Catalyst - STR 111

     

    Until the
CUT-OFF DATE, the STR 111 catalyst unit price will be computed by Axens
according to the following indexation formula:

     

    P (€/kg) = Po x [
0.5 + 0.3 x (L1/L0) + 0.2 x
(E1/E0)] + 0.2410
x (Zni
- Zno)
+ 0.3706 x (AIi - AI0)

     

    Where:

     

    P0 = 16.50
€/kg

    EXW
(Incoterms 2000) Salindres, France

     

    
      
        	
                Zni

              	 
      	
                Cost
      of zinc metal reported by LME monthly average for the month preceding the
      delivery of the charge of catalyst and expressed in
  €/kg.

              
	 
      	 
      	 
      
	
                Zn0

              	 
      	
                Cost
      of zinc metal reported by LME monthly average for the month of June 2007
      which was equal to 2.6853 €/kg

              
	 
      	 
      	 
      
	
                Ali

              	 
      	
                Cost
      of aluminium HG (High Grade) metal reported by LME monthly average for the
      month preceding the delivery of the charge of catalyst and expressed in
      €/kg.

              
	 
      	 
      	 
      
	
                Al0

              	 
      	
                Cost
      of aluminium HG (High Grade) metal reported by LME monthly average for the
      month of June 2007 which was equal to 1.9952 €/kg.

              
	 
      	 
      	 
      
	
                Li

              	 
      	
                Labour
      Cost Index reported in the Bulletin Mensuel de la Statistique (INSEE) in
      Table 3 paragraph 2 Index 2 11 (industries mecaniques et electriques) for
      the latest month preceding the order for the charge of
      catalyst.  http://www.indices.insee.fr/bsweb/servlet/bsweb?action=BS_SERIE&BS_
      IDBANK=063021506&BS_IDARB0=03010201000000

              
	 
      	 
      	 
      
	
                L0

              	 
      	
                Labour
      Cost Index reported in the Bulletin Mensuel de la Statistique (INSEE) in
      Table 3 paragraph 2 Index 2 11 (industries mecaniques at electriques) for
      the month of June 2007 which was equal to 135.7.

              
	 
      	 
      	 
      
	
                Ei

              	 
      	
                Energy
      Cost Index reported in the Bulletin Mensuel de la Statistique (INSEE) in
      Table 20N1 paragraph 2 Index EG 21 (electricite et gaz) for the latest
      month preceding the order for the charge of
      catalyst.  http://www.indices.insee.fr/bsweb/servlet/bsweb?action=BS_
      SERIE&BS_
  IDBANK=085000995&BS_IDARBO=09040908000000

              
	 
      	 
      	 
      
	
                E0

              	
                  

              	
                Energy
      Cost Index reported in the Bulletin Mensual de la Statistique (INSEE) in
      Table 20N1 paragraph 2 Index EG 21 (electricite et gaz) for the month of
      June 2007 which was equal to
122.4.

              

      

    

    
      
         

      

      
        - 41 / 45
-

        
          

        

      

      
         

      

    

     

    APPENDIX
1

     

    Draft of TTA Transfer
Agreement form

     

    MISSION
BIOFUELS SDN BHD.

     

    and

     

    KNM
PROCESS SYSTEMS SDN. BHD.

     

    and

     

    AXENS

     

      
        

      

    

     

    TRANSFER
AGREEMENT N° 07/3071/T

     

      
        

      

    

    PROCESS:        Esterfip-HTM

     

    PROJECT:    
   Biodiesel production Unit

    
      
         

      

      
        - 42 / 45
-

        
          

        

      

      
         

      

    

    It
is agreed by and between:

     

    MISSION
BIOFUELS Sdn Bhd (Company No. 735218-A), a company established under the laws of
Malaysia whose principal place of business is at Suite 50-4-1, 4th Floor Wisma
UOA Damansara 50 Jalan Dungun 50490 Kuala Lumpur Malaysia (hereinafter referred
to as "MISSION BIOFUELS"); and

     

    KNM
Process Systems Sdn. Bhd, a company organized under the laws of Malaysia, having
its main office at 15, Jalan Dagang SB 4/1, Taman Sungai Besi Indah, 43300 Seri
Kembangan, Selangor, Malaysia (hereinafter referred to as "KNM");
and

     

    AXENS,
a French company organized as a "Societe Anonyme" and having its main office at
89 boulevard Franklin Roosevelt, F-92508 Rueil-Malmaison, France (hereinafter
referred to as "AXENS").

     

    WHEREAS:

     

    MISSION
BIOFUELS has selected AXENS' Esterfip-H process for its biodiesel production
plant (hereinafter "Unit") to be constructed in its facilities located at
Kuantan, Malaysia.

     

    Consequently
KNM and AXENS have executed the following agreement:

     

    
      	
               
      

            	
              ·

            	
              The process book supply
      agreement (hereinafter "PBSA, on               ,
  2007,

            

    

     

    Consequently
MISSION BIOFUELS and AXENS have executed the following agreement:

     

    
      	
               
      

            	
              ·

            	
              The technology agreement
      (hereinafter "TTA") on               ,
  2007,

            

    

     

    Both
agreements are attached for reference as Appendix 1 to this
agreement.

     

    MISSION
BIOFUELS has selected KNM for the detailed design, procurement and construction
of the Unit.

     

    According
to its practice, MISSION BIOFUELS desires that KNM shall be responsible for the
performance demonstration of the Unit in conjunction with AXENS' performances
guarantees.

     

    NOW
THEREFORE, in consideration of the promises and mutual covenants herein
contained, the parties hereto agree to the following:

    
      
         

      

      
        - 43 / 45
-

        
          

        

      

      
         

      

    

    Article 1 - Assignment of
the TTA

     

    The
TTA between MISSION BIOFUELS and AXENS is assigned from MISSION BIOFUELS to KNM
who accepts to endorse all obligations and rights related thereto.

     

    Article 2 - Effective date -
Termination

     

    
      	
              2.1

            	
              This
      Agreement shall becomes binding upon the Parties on the date of the last
      signature hereafter and that date shall be the effective date of this
      Agreement.

            

    

     

    
      	
              2.2

            	
              After
      the successful performance test period of the Unit, as defined in the TTA,
      or after four (4) years after the effective date, whichever occurs first,
      this Agreement shall stand assigned by KNM to MISSION BIOFUELS, who will
      accept said assignment and who will henceforth become the only contracting
      party vis-à-vis AXENS as well as the only responsible party, this
      responsibility including the obligations to pay any sum remaining due at
      the date of the assignment.

            

    

     

    An
Appendix 1 of      pages
is attached herewith forming a part of this Agreement.

     

    APPENDIX
1

     

    PBSA between KNM and
AXENS

     

    TTA between MISSION BIOFUELS
and AXENS

     

    IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in
triplicate by their duly authorized representatives.

     

    

     

    
      
        
          
            	
                    MISSION
      BIOFUELS Snd Bhd.

                  	 
      	
                    KNM
      Process Systems Sdn Bhd.

                  
	 
      	 
      	 
      	 
      	 
      
	
                    By  

                  	 
      	 
      	
                    By  

                  	 
      

          

        

      

    

    
      
        
          
            
              
                
                  
                    	
                            Name
      printed 

                          	 
      	 
      	
                            Name
      printed 

                          	 
      
	
                            Title

                          	 
      	 
      	
                            Title

                          	 
      
	
                            Date

                          	 
      	 
      	 
      	 
      

                  

                

              

            

          

        

      

    

    

    
      
        
          
            	
                    AXENS

                  	 
	 
      	 
      	 
	
                    By 

                  	 
      	 

          

        

      

    

    
      
        
          
            
              
                
                  
                    	
                            Name
      printed 

                          	 
      	 
	
                            Title

                          	 
      	 
	
                            Date

                          	 
      	 

                  

                

              

            

          

        

      

    

    
      
         

      

      
        - 44 / 45
-

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in
duplicate by their duly authorized representatives as of the day and year last
written below.

     

    
      
        
          	
                  MISSION
      BIOFUELS Sdn Bhd.

                	 
      	
                  AXENS

                
	 
      	 
      	 
      	 
      	 
      
	
                  By 

                	
                  /s/ Mahalingam Swaminathan

                	 
      	
                  By

                	
                  /s/ Michael
  Dugert

                

        

      

    

    
      
        	
                Name
      printed 

              	
                Mahalingam Swaminathan

              	 
      	
                Name
      printed 

              	
                Michael Dugert

              
	
                Title

              	
                Managing Director

              	 
      	
                Title

              	
                Managing Director

              
	
                Date

              	
                25 July, 2007

              	 
      	Date	
                25 July,
2007

              

      

    

     

    
       

      
        
          
            	
                    By 

                  	
                    /s/ Arvind Bansal

                  	 
      	
                    By

                  	
                    /s/ Jean-Paul
  Gouzard

                  

          

        

      

      
        
          	
                  Name
      printed 

                	
                  Arvind Bansal

                	 
      	
                  Name
      printed 

                	
                  Jean-Paul Gouzard

                
	
                  Title

                	
                  Executive Director

                	 
      	
                  Title

                	
                  Axens Process Licensing Commercial
      Director

                
	
                  Date

                	
                  25 July, 2007

                	 
      	      
                  Date

                	
                  26 July,
2007

                

        

      

       

    

     

    
      
         

      

      
        - 45 / 45
-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}]]