Document:

EXHIBIT 10.4

 

LICENSE
AGREEMENT

 

THIS LICENSE AGREEMENT
(this “Agreement”) is made and entered into on February 12, 2009, by Good Earth Energy Conservation, Inc. (“Good
Earth”), a corporation incorporated in Delaware with offices in Springdale, Arkansas, and Robert C. Winkelman (“Winkelman”),
individually, of Fayetteville, Arkansas. Good Earth and Winkelman may be referred to individually as a “Party” or collectives
as “Parties.”

 

RECITALS

 

WHEREAS, Winkelman
is a shareholder and officer of Good Earth;

 

WHEREAS, Winkelman
has personally filed for a number of patents relating to technology involved in battery operated vehicles, including hybrids;

 

WHEREAS, Good Earth
desires to obtain from Winkelman an exclusive license in those patents applied for and patents applied for in the future by Winkelman.

 

NOW, THEREFORE, in
consideration of the promises and mutual agreements contained herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as follows:

 

1.          Definitions.
For purposes of this Agreement, the following capitalized terms shall have the meaning set forth below:

 

(i)          Winkelman
Patents means patents owned by Winkelman, patents applied for by Winkelman, or patents that will be applied for and obtained
in the future by Winkelman which relate to battery operated vehicles, including hybrid vehicles.

 

(ii)         Vehicle
means any means in or by which someone travels or something is carried or conveyed.

 

(iii)        Winkelman
means Robert C. Winkelman individually and not as his role as shareholder and officer of Good Earth.

 

2.          Grant
of Patents.

 

(a)          Effective
as of the date of this Agreement, and subject to the terms hereof, Winkelman hereby grants to Good Earth:

 

(i)          A
license to the Winkelman Patents which is exclusive license to internally copy for Good Earth’s use.

 

(ii)         Good
Earth has a right sub-license or use the Winkelman Patents for any permitted use under this Agreement.

 

(iii)        If
Good Earth fails to use a Winkelman Patent for a use that produces a royalty payment (see paragraph 3 below) to Winkelman within
three (3) years of the date of this Agreement, the exclusive rights of the Winkelman Patents hereunder are voided and terminated.

 

    	 

    	 

    

 

3.          Royalty
Payments.  A ten percent (10%) royalty payment will be due to Winkelman from any gross revenue generated by Good
Earth from the use of Winkelman Patents. Royalty payments will be made to Winkelman, his heirs and/or assigns in monthly amounts
no more than ten thousand dollars ($10,000.00). Should the royalty payment due to Winkelman be greater than $10,000.00, this amount
should be deferred to following month(s) for as long necessary to make payment of the entire amount due to Winkelman.

 

4.          Default.
The following are events of default under this Agreement:

 

(a)          Failure
of Good Earth to comply with any of the terms, conditions, or requirements of this Agreement;

 

(b)          Good
Earth becomes financially insolvent or goes into (or appear to be imminently going into) receivership or bankruptcy.

 

If any one or more of
the above events occurs, Winkelman shall have the right to terminate this Agreement thereby the voiding Good Earth’s exclusive
rights to the Winkelman Patents.

 

5.          Binding
Agreement. This Agreement is a legally binding obligation of both Parties, and are and will be enforceable against it in
accordance with the respective terms hereof.

 

6.          Notice.
All notices, demands, requests and other communications or documents required or permitted to be provided under this Agreement
shall duly be in writing and shall be given to the applicable party at its address below or such other address or facsimile number
as the party may later specify for that purpose by notice to the other party:

 

Good Earth Energy Conservation,
Inc.

6398 Wrens Nest Cove

Springdale, AR 72762

 

Robert C. Winkelman

2216 Old Wire Road

Fayetteville, AR 72703

 

Each notice shall, for all purposes, be
deemed given and received:

 

(i)          If
by hand, when delivered;

 

(ii)         If
given by nationally recognized and reputable overnight delivery service, the business day on which the notice is actually received
by the party; or

 

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(iii)        If
given by certified mail, return receipt requested, postage prepaid, the date shown on the return receipt.

 

7.          Entire
Agreement; Modification. This Agreement constitutes the entire agreement and understanding of the Parties with respect
to the subject matter of this Agreement. This Agreement supersedes any prior oral or written agreements between the parties with
respect to the subject matter of this Agreement. This Agreement may be modified only if done so in writing and signed by both Parties.

 

8.          Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument. Executed signature pages to this Agreement may be delivered by facsimile transmission or electronic
mail and any such signature page shall be deemed an original.

 

IN WITNESS WHEREOF,
the Parties hereto have executed this Agreement or caused this Agreement to be executed by their duly authorized officers on the
date first written above.

 

GOOD EARTH ENERGY CONSERVATION, INC.

 

	By: 	/s/ John Maguire	 
	 	John Maguire, Secretary	 
	 	 	 
	/s/ Robert C. Winkelman	 
	Robert C. Winkelman	 

 

    	Page 3 of 3

    	 

    

 

amendment
to license agreement

 

THIS AMENDMENT TO LICENSE
AGREEMENT (this “Amendment”) is made and entered into on September 2, 2009, by Good Earth Energy Conservation, Inc.
(“Good Earth”), a corporation incorporated in Delaware with offices in Springdale, Arkansas, and Robert C. Winkelman
(“Winkleman”), individually, of Fayetteville, Arkansas. Good Earth and Winkleman may be referred to individually as
a “Party” or collectives as “Parties.”

 

The Parties agree that
the License Agreement dated February 12, 2009 (“License Agreement”) between the Parties shall be amended by replacing
Section 3 “Royalty Payments” with the following language:

 

		3.	Royalty Payments.

 

Winkelman, his heirs
and/or assigns will be paid royalty payments upon the following basis:

 

		(a)	Net sales of any product using any Winkelman Patent or any sub-license revenue or other economic
gain received by the Corporation relating to the Winkelman Patents, Winkelman will be paid:
	 	 	 

		i.	5% of the first $100,000;

		ii.	3% of the next $250,000;

		iii.	2% of the next $500,000; and

		iv.	1% of all revenue received over $850,000.

 

These amounts will be paid to Winkelman,
his heirs and/or assigns, within 20 days after the end of each month of receipt of funds by the Corporation.

 

		(b)	If any Winkelman Patent is denied, all royalties payable under the license agreement related thereto
would cease.

 

Royalty payments will be made to Winkelman,
his heirs and/or assigns in monthly amounts no more than ten thousand dollars ($10,000.00). Should the royalty payment due to Winkelman
be greater than $10,000.00, this amount should be deferred to following month(s) for as long necessary to make payment of the entire
amount due to Winkelman.

 

The remainder of the
language in the License Agreement remains unchanged and in full force and effect.

 

This Amendment may
be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the
same instrument. Executed

 

[SECOND PAGE MISSING]

 

    	 

    	 

    

 

SECOND
AMENDMENT TO LICENSE AGREEMENT

 

THIS SECOND AMENDMENT
TO LICENSE AGREEMENT (this “Second Amendment”) is made and entered into on 14th December, 2009 by Good Earth Energy
Conservation, Inc. (“Good Earth”), a corporation incorporated in Delaware with offices in Springdale, Arkansas, and
Robert C. Winkelman (“Winkelman”), individually, of Fayetteville, Arkansas. Good Earth and Winkelman may be referred
to individually as a “Party” or collectives as “Parties.”

 

The Parties agree that
the License Agreement dated February 12, 2009 (“License Agreement”) between the Parties shall be amended by the addition
Section 2A:

 

2A.           Patents
relating for Forklift Industry. The Parties acknowledge that Winkelman Patents relating to the forklift industry and batteries
and/or chargers for forklifts are effectively within this license. The Parties also acknowledge that research and development of
such patents will take place with the assistance of Little Green Windmill, Inc., an Arkansas corporation. The Parties agree that
because of the circumstances surrounding said research and development and for cost saving purposes, Little Green Windmill, Inc.’s
shall accomplish the research and development of Winkelman Patents relating to the forklift industry. Little Green Windmill, Inc.
shall be compensated by payment of fifty-percent (50%) of Good Earth’s net economic benefit before taxes derived from said
research and development relating to the Winkelman Patents relating to the forklift industry.

 

The remainder of the
language in the License Agreement remains unchanged and in full force and effect.

 

This Amendment may
be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the
same instrument. Executed signature pages to this Amendment may be delivered by facsimile transmission or electronic mail and any
such signature page shall be deemed an original.

 

IN WITNESS WHEREOF,
the Parties hereto have executed this Amendment or caused this Amendment to be executed by their duly authorized officers on the
date first written above.

 

GOOD EARTH ENERGY CONSERVATION, INC.

 

	By: 	/s/ John Maguire	 
	 	John Maguire, Secretary	 
	 	 	 
	/s/ Robert C. Winkelman	 
	Robert C. WinkelmanEXHIBIT 10.5

 

ASSIGNMENT
AGREEMENT

 

This ASSIGNMENT AGREEMENT
(this “Agreement”) is made and entered into on June 30, 2010, by Good Earth Energy Conservation, Inc. (“Good
Earth”), a corporation incorporated in Delaware with offices in Springdale, Arkansas, and Greg Horne (“Horne”),
individually, of Fort Worth, Texas. Good Earth and Horne may be referred to individually as a “Party” or collectives
as “Parties.”

 

RECITALS

 

WHEREAS, Horne is a
shareholder of Good Earth;

 

WHEREAS, Horne and/or
entities controlled by or related to Horne, have functioned as independent contractor(s) for Good Earth involved in the research
and development of patentable products;

 

WHEREAS, Horne and/or
entities controlled by or related to Horne have filed and will file applications in the future for a number of patents and patent
improvements relating to technology involved in battery operated vehicles, including hybrids in connection with their work for
Good Earth (“Patents” defined below); and

 

WHEREAS, the Parties
desire upon the issuance of any and all Patents, ownership of those Patents will be transferred to Good Earth by Horne.

 

NOW, THEREFORE, in
consideration of the promises and mutual agreements contained herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties agree as follows:

 

1.          Definitions.
For purposes of this Agreement, the following capitalized terms shall have the meaning set forth below:

 

(i)          Horne
means Greg Horne individually and any entity related to or controlled by Greg Horne, but not in his role as shareholder of Good
Earth.

 

(ii)         Patents
means patents or patent improvements owned by Horne, patents or patent improvements applied for by Horne, or patents or patent
improvement that will be applied for and obtained in the future by Horne which were discovered doing research and development work
done in connection with Good Earth.

 

2.          Assignment
of Interest. Effective as of the date of this Agreement, Horne hereby assigns, sells, transfers and sets over (collectively,
the “Assignment”) to Good Earth all of Horne’s right, title, benefit, privileges and interest in and to, the
Patents. Good Earth hereby accepts the Assignment and from and after the date hereof, assumes the Patents.

 

    	 

    	 

    

 

3.          Ownership
Transfer. Upon issuance of any and all Patents after their application, the Parties shall take any and all
steps necessary to transfer ownership of the Patents to Good Earth. Notice of Patent issuance shall be given immediately upon receipt
to Good Earth. Transfer of ownership shall take place within thirty (30) of receipt of Patent issuance.

 

4.          Further
Actions. Each of the parties hereto covenants and agrees, to execute and deliver, at the request of the other party hereto,
such further instruments of transfer and assignment and to take such other action as such other party may reasonably request to
more effectively consummate the assignments and ownership transfer contemplated by this Agreement.

 

5.          Payments
to Horne. One-half percent (1/2%) of all monies received by Good Earth for products sold or license fees collected directly
relating to the Patents, or from the sale of the Patents’ use shall be paid to Horne, or his heirs and/or assigns, to the
address listed in paragraph 8 unless Good Earth is notified otherwise by in writing. Such payments will be made by Good Earth within
thirty (30) days of receipt.

 

6.          Patent
and Research and Development Expenses. Any and all expenses related to the following shall be paid by Good Earth:

 

(a)          Patent
application fees and costs;

 

(b)          Legal
fees and costs involving the patents;

 

(c)          Expenses
surrounding the transfer of ownership of the Patents;

 

(d)          Research
and development costs.

 

7.          Binding
Agreement. This Agreement is a legally binding obligation of both Parties, and are and will be enforceable against it in
accordance with the respective terms hereof.

 

8.          Notice.
All notices, demands, requests and other communications or documents required or permitted to be provided under this Agreement
shall duly be in writing and shall be given to the applicable party at its address below or such other address or facsimile number
as the party may later specify for that purpose by notice to the other party:

 

Good Earth Energy Conservation,
Inc.

6398 Wrens Nest Cove

Springdale, AR 72762

 

Mr. Greg Horne

___________________________________

___________________________________

 

Each notice shall, for all purposes, be
deemed given and received:

 

(i)          If
by hand, when delivered;

 

    	-2-

    	 

    

 

(ii)         If
given by nationally recognized and reputable overnight delivery service, the business day on which the notice is actually received
by the party; or

 

(iii)        If
given by certified mail, return receipt requested, postage prepaid, the date shown on the return receipt.

 

9.          Entire
Agreement; Modification. This Agreement constitutes the entire agreement and understanding of the Parties with respect
to the subject matter of this Agreement. This Agreement supersedes any prior oral or written agreements between the Parties with
respect to the subject matter of this Agreement. This Agreement may be modified only if done so in writing and signed by both Parties.

 

10.         Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument. Executed signature pages to this Agreement may be delivered by facsimile transmission or electronic
mail and any such signature page shall he deemed an original.

 

11.         Governing
Law. This Agreement will be governed by and construed under the laws of the State of Arkansas without regard to conflicts-of-laws
principles that would require the application of any other law.

 

12.         Costs
and Attorney’s Fees. In the event a civil action shall be brought to enforce any provision of this Agreement, the
losing party shall pay or reimburse the prevailing party for his costs, expenses and reasonable attorney’s fees.

 

13.         Successors
and Assigns. The provisions of this Agreement shall, as appropriate, inure to the benefit of and be binding upon the Parties
and their respective successors and permitted assigns.

 

IN WITNESS WHEREOF,
the Parties hereto have executed this Agreement or caused this Agreement to be executed by their duly authorized officers on
the date first written above.

 

	/s/ Greg Horne	 
	Greg Horne	 

 

GOOD EARTH ENERGY CONSERVATION, INC.

 

	By:	/s/ John Maguire	 
	 	John Maguire, Secretary	 

 

    	-3-

    	 

    

 

TERMINATION OF ASSIGNMENT AGREEMENT

 

This Termination of
Assignment Agreement (“Agreement”) is made and entered into as of January 1, 2013 by and between Good Earth
Energy Conservation, Inc., a Delaware corporation (the “Company”), and Greg Horne (“Horne”).
Sometimes the Company and Horne are referred to herein individually as a “party” and collectively as the “parties.”

 

A.           On
June 30, 2010 the parties entered into an assignment agreement (the “Assignment Agreement”) which provided for
Horne’s transfer to the Company of any patents issued to Horne or any of his affiliates relating to technology involved in
battery operated vehicles.

 

B.           The
parties hereby desire to terminate the Assignment Agreement effective January 1, 2013.

 

NOW, THEREFORE, in
consideration of the mutual agreements contained herein and other good and valuable consideration, the receipt and sufficiency
of which is acknowledged by the parties, the parties agree as follows:

 

1.          The
Assignment Agreement, together with any and all amendments thereto, is hereby cancelled and terminated effective midnight, January
1, 2013, and shall have no further force and effect after that date.

 

2.          This
Agreement is intended to be a mutual release by each party of the other relating to the Assignment Agreement and any transactions
in connection therewith that may or might have been asserted by either party against the other party as of the date of this Agreement,
whether such claims were known or unknown at the time of the execution of this Agreement. The undersigned each hereby warrants
and covenants that this Agreement has been read and understood in full and is executed with full knowledge of its significance,
and upon advice of counsel.

 

3.          This
Agreement supersedes any and all other agreements, either oral or in writing, between the parties with respect to the subject matter
hereof, and contains all the covenants and agreements between the parties with respect to the same. Each party acknowledges that
no representations, inducements, promises, or agreements, oral or otherwise, have been made by any party, or anyone acting on behalf
of any party, which are not embodied herein, and that no other agreement, statement, or promise not contained in this Agreement
shall be valid or binding.

 

[remainder of page intentionally left
blank]

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
this Agreement has been executed in multiple originals by the parties hereto on the date and year first above written.

 

	COMPANY:	Good Earth Energy Conservation, Inc.,
	 	a Delaware corporation
	 	 	 
	 	By: 	/s/ James R. Emmons
	 	 	James R. Emmons, President
	 	 	 
	HORNE:	/s/ Greg Horne
	 	Greg Horne

 

[signature page – Termination
of Assignment Agreement]

 

    	-2-

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