Document:

FIFTH AMENDMENT TO

CNG NONEMPLOYEE DIRECTORS' FEE PLAN

The CNG Nonemployee Directors' Fee Plan, as amended and restated effective October 1, 1996, and as subsequently amended by the First, Second, Third and Fourth Amendments thereto (the "Plan"), is hereby further amended as follows immediately prior
to the effective date of the consummation of the merger of CTG Resources, Inc. with and into Oak Merger Co. pursuant to the Agreement and Plan of Merger, dated as of June 29, 1999, by and among CTG Resources, Inc., Energy East Corporation and Oak Merger Co.
:

1.By adding a new paragraph at the end of paragraph 1 of the Plan as follows:
"Following the consummation of the merger of CTG Resources, Inc. with and into Oak Merger Co. pursuant to the Agreement and Plan of Merger, dated as of June 29, 1999 (the "Merger Agreement"), by and among CTG Resources, Inc., Energy
East Corporation and Oak Merger Co. (the "Merger"), the Plan shall continue for the benefit of the members of the advisory board (the "Advisory Board") established pursuant to the Merger Agreement to provide advice to the boards of directors of Oak Merger
Co. and the Company following the consummation of the Merger."

2.By deleting the text of paragraph 2 of the Plan and inserting in lieu thereof the following:
"As used in the Plan and in any election form under the Plan, the term "Director" means (i) prior to the consummation of the Merger, any person who was elected to the Board of Directors of the Company and who is not a full-time employee
of the Company or any of its affiliates and (ii) from and after the consummation of the Merger, any person who is a member of the Advisory Board and is not a full-time employee of the Company or any of its affiliates."

3.By deleting the words "of the Company" each place they appear in subparagraph (a) and subparagraph (e) of paragraph 3 of the Plan.

4.By deleting the phrase "CNG Common Stock" or "CTG Common Stock" wherever each appears in the Plan and inserting in lieu thereof the phrase "Common Stock".

5.By deleting the phrase "deemed dividends" where it appears in subparagraph (e) of Section 3 of the Plan and inserting in lieu thereof the phrase "deemed dividends or other cash payments made in respect thereof".

6.By adding a new subparagraph (f) after subparagraph (e) of paragraph 3 as follows:
(f)As used in the Plan, the term "Common Stock" means (i) prior to the consummation of the Merger, the common stock of CTG Resources, Inc. and (ii) on and after the date of the consummation of the Merger, the common stock of Energy
East Corporation or its successor or successors."

7.By deleting the phrase "Board of Directors of CTG Resources or any successor thereto ("CTG") or by the Board of Directors of CTG "where it appears in subparagraph (d) of paragraph 4 of the Plan and inserting in lieu thereof the
phrase "Board of Directors of Energy East Corporation or any successor thereto ("EEC") or by the Board of Directors of EEC".

8.By adding the phrase "or to be appointed to or retained as a member of the Advisory Board" at the end of the sentence constituting subparagraph (b) of paragraph 5 of the Plan.

9.Except as hereinabove modified and amended, the Plan, as amended, shall remain in full force and effect.

IN WITNESS WHEREOF, Connecticut Natural Gas Corporation hereby executes this Fifth Amendment as of the 25th day of April, 2000.

Witness:CONNECTICUT NATURAL GAS CORPORATION

Jeffrey A. Hall      8/10/00S/ Jean S. McCarthyFOURTH AMENDMENT TO THE

CNG NONEMPLOYEE DIRECTORS' FEE PLAN TRUST AGREEMENT

THIS AMENDMENT is made and entered into as of the 25th day of April, 2000, by and between CONNECTICUT NATURAL GAS CORPORATION, a Connecticut corporation with its principal office in Hartford, Connecticut (hereinafter referred to as "CNG") and
Putnam Fiduciary Trust Company (hereinafter referred to as the "Trustee").

W I T N E S S E T H:

WHEREAS, by Agreement dated September 28, 1995 (the "Agreement") CNG and FLEET BANK, N.A. entered into an Agreement entitled CNG Nonemployee Directors' Fee Plan Trust Agreement; and

WHEREAS, Putnam Fiduciary Trust Company has been appointed successor trustee under the Agreement and is currently serving as the trustee thereunder; and

WHEREAS, the parties reserve the right to amend the Agreement in Article 10, Section 10.1 thereof, subject to the conditions set forth therein; and

WHEREAS, the Company wishes to amend the Agreement in the particulars set forth below;

NOW, THEREFORE, the Company and the Trustee agree to amend the Agreement, as heretofore amended by the First, Second and Third Amendments thereto, as follows effective immediately prior to the effective date of the consummation of the merger of CTG
Resources, Inc. with and into Oak Merger Co. pursuant to the Agreement and Plan of Merger, dated as of June 29, 1999, by and among CTG Resources, Inc., Energy East Corporation and Oak Merger Co.:

1.Subparagraph (j) of Paragraph 5.2, as amended by the Third Amendment, is hereby amended by the deletion of the first sentence thereof and the substitution of the following sentence in lieu thereof:
"The Trustee may invest in securities (including stock or rights to acquire stock) or obligations issued by Energy East Corporation or successor thereto, including common stock thereof, as directed by CNG."

2.Except as herein above modified and amended, the Agreement, as amended, shall remain in full force and effect.

IN WITNESS WHEREOF, the parties have caused this Fourth Amendment to be duly executed and respective corporate seals to be hereunto affixed as of the date first above written.

ATTEST:CONNECTICUT NATURAL GAS CORPORATION

 

By  S/ Jean S. McCarthy                                

Its Vice President Human Resources

ATTEST:PUTNAM FIDUCIARY TRUST COMPANY

 

By  S/ Tina Campbell                                   

Its Senior Vice President

 

STATE OF CONNECTICUT)

)  SS.  August 10, 2000

COUNTY OF HARTFORD)

Personally appeared Jean S. McCarthy, Vice President of Connecticut Natural Gas Corporation, signer of the foregoing instrument, and acknowledged the same to be his free act and deed as such Vice President, and the free act and
deed of said corporation, before me.

 

Alfred B. Lawson, Jr.                              

Commissioner of the Superior Court

Notary Public

My Commission Expires:  5-31-01

 

 

COMMONWEALTH OF MASSACHUSETTS)

)  SS. August 11, 2000

COUNTY OF NORFOLK)

Personally appeared Tina Campbell, Sr. Vice President of Putnam Fiduciary Trust Company, signer of the foregoing instrument, and acknowledged the same to be his free act and deed as such         
             , and the free act and deed of said corporation, before me.

 

S/ Carol Peters                                       

Notary Public

My Commission Expires:  2/23/07CONFIDENTIAL

                                License Agreement
                                     Between
                             Syntroleum Corporation
                                       and
                   Syntroleum Australia Licensing Corporation

                                LICENSE AGREEMENT
                                -----------------

     THIS  LICENSE  AGREEMENT  is  made  and  entered into as of this 2nd day of
August,  2000  by  and  between  Syntroleum  Corporation, a Delaware corporation
("Licensor"),  and  Syntroleum  Australia  Licensing  Corporation,  a  Delaware
corporation  ("Licensee").

     RECITALS
     --------

     A.     WHEREAS,  Licensor  has developed and owns certain patent rights and
technical  information  relating  to  a  Conversion  Process;  and

     B.     WHEREAS,  Licensee  desires  to  enter  into a non-exclusive limited
license  with  Licensor  to acquire the rights to use Licensor Patent Rights and
Licensor  Technical  Information  in practicing a Conversion Process in order to
grant  a  sublicense  to  the  Commonwealth  of Australia to use Licensor Patent
Rights  and  Licensor  Technical Information in practicing a Conversion Process.

     NOW, THEREFORE, in consideration of the mutual covenants and agreements set
forth  in  this  Agreement,  the  Parties  agree  as  follows.

                                 1.  DEFINITIONS
                                 ---------------

     The  following  terms  (whether  or  not  underscored)  when  used  in this
Agreement,  including its preamble and recitals, shall, except where the context
otherwise  requires,  have  the  following meanings (such meanings to be equally
applicable  to  the  singular  and  plural  forms  thereof).

1.01     "AFFILIATE"  means, with respect to each Party, any Person in which the
Party  or  its  parent  company(ies)  (one or more parent companies in an upward
series) shall at the time in question directly or indirectly own a fifty percent
(50%)  or  more interest in such Person.  It is understood that:  (i) a Party or
its  parent company(ies) directly owns a fifty percent (50%) or more interest in
a  Person  if that Party or its parent company(ies) individually or collectively
hold(s) shares carrying fifty percent (50%) or more of the voting power to elect
directors  or  other  managers  of  such  Person  and (ii) a Party or its parent
company(ies)  indirectly owns a fifty percent (50%) or more interest in a Person
if  a  series of companies can be specified beginning with a Party or its parent
company(ies),  individually  or  collectively,  and  ending  with such Person so
related  that  each  company  of the series, except such Person, directly owns a
fifty  percent  (50%)  or  more  interest  in  a  later  company  in the series.

1.02     "AGREEMENT"  means  this  License  Agreement.

1.03     "BARREL"  means  forty-two (42) gallons of two hundred thirty-one (231)
cubic  inches  each,  measured  at  sixty  degrees Fahrenheit (60 F) and one (1)
atmosphere  pressure.

1.04     "CHAIN-LIMITING  CATALYST"  means  a  type  of  catalyst  for  use in a
Fischer-Tropsch  Reaction  the  primary  products  of  which  are  predominately
hydrocarbon  molecules  of twenty (20) or fewer carbon atoms which remain liquid
at  ambient  temperature  and  pressure.

1.05     "CONFIDENTIAL  INFORMATION"  means  information of Licensor or Licensee
disclosed  to  the  other  Party  under  this  Agreement, including any formula,
pattern,  compilation,  program,  apparatus, device, drawing, schematic, method,
technique,  know-how,  process  or  pilot  plant  data,  -and  other  non-public
information  such  as  business  plans  or  other  technology that:  (a) derives
economic  value, actual or potential, from not being generally known to, and not
being  readily  ascertainable  by  proper means by, other persons who can obtain
economic  value  from  its  disclosure or use, and (b) is the subject of efforts
that  are  reasonable  under  the  circumstances  to maintain its secrecy, which
information  shall  be disclosed in writing and labeled as "Confidential" or the
equivalent, or if disclosed verbally or in other non-written form, identified as
such  at  the  time  of  disclosure  and thereafter summarized in writing by the
disclosing  Party  within  thirty  (30)  days  of  such  initial  disclosure.
Confidential Information includes, without limit, Licensor Catalyst Information,
Licensor  Technical  Information,  and  Licensee  Technical  Information.

1.06     "CONVERSION  PROCESS"  means  a  process for the conversion of normally
gaseous  hydrocarbons  into a mixture of hydrocarbons which may be a combination
of  normally  gaseous, liquid, or solid hydrocarbons at ambient temperatures and
pressures and comprised of (a) autothermal reforming of a feed stream consisting
substantially of gaseous hydrocarbons in the presence of air, or oxygen-enriched
air  to  create  an  intermediate  feed  stream  containing  carbon monoxide and
molecular  hydrogen, and (b) reacting the intermediate stream in the presence of
a  Fischer-Tropsch  catalyst  to  produce  a  product  stream  consisting of any
combination  of gaseous, liquid or solid hydrocarbons at ambient temperature and
pressure.  The Conversion Process includes all associated internal processes and
technologies  such  as  heat  integration,  separation,  or the recycle, use, or
consumption  of hydrocarbons or other products.  The Conversion Process does not
include any technology related to (i) pre-treatment of the natural gas feedstock
or  (ii)  post-processing the Fischer-Tropsch product stream for a purpose other
than  that  defined  above.

1.07     "EFFECTIVE  DATE"  means  the  date set forth in the first paragraph of
this  Agreement.

1.08     "FISCHER-TROPSCH  CATALYST"  means  any  catalyst  for  use  in  a
Fischer-Tropsch  Reaction including, but not limited to, Chain Limiting Catalyst
and  High  Alpha  Catalyst.

1.09     "FISCHER-TROPSCH  REACTION"  means  the  catalytic  reaction  of carbon
monoxide  and  hydrogen,  the  primary  products  of  which  are  hydrocarbons.

1.10         "HIGH  ALPHA  CATALYST"  means  a type of Fischer-Tropsch Catalyst,
whose  alpha number, as calculated by the Schulz-Flory distribution equation, is
0.85  or  higher.

1.11     "INVENTIONS  OR  IMPROVEMENTS" means any process, formula, composition,
device,  catalyst  (including  both  autothermal  reforming  catalysts  and
Fischer-Tropsch  Catalysts),  apparatus,  technology,  know-how,  operating
technique,  improvement,  modification,  or  enhancement  relating  to  the use,
operation,  or  commercialization  of  the  Conversion  Process and the products
(including  Synthetic  Product)  of  the  Conversion  Process,  which  is  (a)
discovered,  made,  designed,  developed or acquired by Licensee, solely or with
others, including Sublicensee, since the date of this Agreement, or (b) acquired
by  Licensee  from  Sublicensee  under the terms of the Sublicense Agreement, in
each instance whether patentable or not, including, without limitation, patents,
copyrights,  and  Confidential  Information and further including the full scope
and  content  of  the  intellectual  and  tangible property included therein and
produced therefrom, e.g., drawings, prints, chemical formulae, prototypes, data,
computer  programs and software, and the like.  Inventions or Improvements shall
not  include  any information relating to methods of manufacturing catalysts for
use  in  the  Conversion  Process.

1.12          "LICENSE  FEE"  means  the  fee  paid  by Licensee to Licensor, as
consideration  for granting the license pursuant to this Agreement, and does not
include  fees  related  to the purchase of the associated Process Design Package
for  such  Licensed  Plant,  any  catalyst  or  any  catalyst  markup.

1.13          "LICENSED  FACILITIES"  means  one  or  more  Licensed  Plants.

1.14          "LICENSED  PLANT" means a plant (including modification, expansion
or replacement thereof) licensed to operate pursuant to a Site License Agreement
issued  under  the  terms  of  the  Sublicense  Agreement,  at a site within the
Licensed  Territory  with  a  design  production capacity measured in Barrels of
Synthetic  Product  per  day,  using  or  designed to use Licensor Technology to
practice  the  Conversion  Process  to  produce  Marketable  Products.

1.15          "LICENSED  TERRITORY"  means the countries of Australia, Papua New
Guinea,  East  Timor  and  Indonesia  and  their  respective territorial waters,
e-xcept  (i)  any  such  country  that, from time to time, may be prohibited, or
whose  citizens  (considered as a group) may be prohibited, by the United States
government  from  receiving  Licensor Technology or the products thereof or (ii)
any such country, the inclusion of which in the definition of Licensed Territory
is,  or  could  in  good faith be argued to be, prohibited by United States law,
including, without limitation, United States Executive Orders and administrative
orders,  rules and regulations.  Licensed Territory shall include territories or
territorial  waters  which  are the subject of official dispute between or among
countries  only  if  all  countries  claiming sovereignty, a sovereign right, or
jurisdiction  over such territories or territorial waters are otherwise included
within  the  definition  of  such  term.

1.16          "LICENSEE  PATENT RIGHTS" means all rights with respect to patents
and  patent applications of all relevant countries to the extent that the claims
cover  features or aspects of Inventions or Improvements practiced in a Licensed
Plant,  in each case to the extent that, and subject to the terms and conditions
under which, Licensee has acquired such rights under the terms of the Sublicense
Agreement  and  has  the right to grant licenses, immunities or licensing rights
without  having  to  make  payment  to  others.

1.17          "LICENSEE  TECHNICAL  INFORMATION" means all unpatented Inventions
or  Improvements practiced in a Licensed Plant, in each case to the extent that,
and  subject to the terms and conditions under which, Licensee has acquired such
rights  under  the  terms of the Sublicense Agreement and has the right to grant
licenses,  immunities  or  licensing  rights  without  having to make payment to
others.

1.18          "LICENSOR  CATALYST INFORMATION" means, without limit, information
relating to any catalyst, catalyst formulation, conditioning procedure, start-up
procedure,  regeneration procedure, or performance  considered to be proprietary
by  and to Licensor or acquired by Licensor which is useful in the practice of a
Conversion  Process  and  which  has  been  used  commercially  or  is ready for
commercial  use. Licensor Catalyst Information shall not include any information
relating to methods for manufacturing catalysts for use in a Conversion Process.

1.19          "LICENSOR CATALYST PATENT RIGHTS" means all rights with respect to
patents and patent applications of all relevant countries to the extent that the
claims  cover  features  or aspects of catalysts useable in a Conversion Process
(including,  without  limitation,  autothermal  reforming  catalysts  and
Fischer-Tropsch  Catalysts)  and  expressly  excluding  any  process  operating
techniques  or  apparatus or methods for manufacturing such catalysts, which are
acquired  by  Licensor  (with  right  to  sublicense) or are based on inventions
conceived  by  Licensor  prior to termination of this Agreement; in each case to
the  extent  that,  and  subject  to  the  terms  and  conditions, including the
obligation  to  account  to and/or make payments to others, under which Licensor
has  the  right  to grant licenses, sublicenses, immunities or licensing rights.

1.20          "LICENSOR  PATENT RIGHTS" means all rights with respect to patents
and  patent applications of all relevant countries to the extent that the claims
cover  features  or  aspects  of  a  Conversion  Process  (including,  without
limitation,  any  operating  techniques  and  apparatus  and expressly excluding
Licensor  Catalyst  Patent Rights) which are acquired by Licensor (with right to
sublicense)  or  are  based  on  inventions  conceived  by  Licensor  prior  to
termination  of  this Agreement; in each case to the extent that, and subject to
the  terms  and  conditions,  including the obligation to account to and/or make
payments  to  others,  under  which  Licensor  has  the right to grant licenses,
sublicenses,  immunities  or  licensing  rights.

1.21          "LICENSOR  TECHNICAL INFORMATION" means all unpatented information
relating  to  a  Conversion  Process  (including,  without limitation, operating
techniques  and  apparatus  for  carrying out a Conversion Process and expressly
excluding  Licensor  Catalyst  Information  and  Reactor  Information) which (a)
either  (i)  has  been  commercially  used  or (ii) is in a stage of development
suitable for commercial use, and (b) has been made or acquired by Licensor (with
right to sublicense) prior to the termination of this Agreement; in each case to
the  extent  that,  and  subject  to,  the  terms  and conditions, including the
obligation  to  account  to and/or make payments to others, under which Licensor
has  the  right  to  disclose  and  grant  rights  to  others.

1.22          "LICENSOR  TECHNOLOGY" includes Licensor Technical Information and
Licensor  Patent  Rights  related  to  the  practice of a Conversion Process and
Licensor Catalyst Information and Licensor Catalyst Patent Rights related to the
use  of Licensor catalysts in the practice of a Conversion Process but expressly
excluding  the  right  to  make,  have  made,  or  sell  Licensor  Catalysts.

1.23          "LUBRICANTS"  means  hydrocarbon base oils which can be made into,
or  blended  with  other base oils to be made into, without limit (a) automotive
lubricating  oils such as PCMO, HDD, transmission and hydraulic fluids, and gear
oils;  (b)  industrial lubricants such as metalworking lubricants, process oils,
white oils, agricultural spray oils, de-foamers, cutting and quenching oils, and
rubber  processing  oils;  (c)  greases;  (d)  drilling fluids; or (e) any other
specialty  product  agreed  to by the Parties which is not a Marketable Product.

1.24          "MARKETABLE  PRODUCTS"  means  finished  hydrocarbon  fuels,
hydrocarbons  consumed  as  fuel,  or  fuel  blending  stocks including, but not
limited  to,  diesel,  kerosene,  gasoline, and naphtha processed from Synthetic
Product  and  expressly  excluding  waxes,  chemicals,  Lubricants, or any other
specialty  hydrocarbon  products  and  subject  to  the  express  condition that
Marketable  Products  shall  be  produced from Synthetic Product at the Licensed
Plant  or produced from Synthetic Product at a separate facility operated by the
Licensee,  its  Affiliates,  or third Persons who are contractually committed to
Licensee  or  its  Affiliate  to  produce  only  Marketable  Products  from such
Synthetic  Product.  Notwithstanding the foregoing, Marketable Products shall be
deemed  to  include  any  products:

(a)     produced  at  any  location  by  any  Person  from  a  blended stream of
Synthetic  Product  and  at  least  15  %  by  volume  of  produced crude oil or
condensate,  in  which  the  Synthetic  Product,  before  any  blending,
(i)  remains  a liquid at sixty degrees Fahrenheit (60 F) and one (1) atmosphere
pressure  or,
(ii)  has a chemical composition consisting of molecules having at least 85 % by
volume  of  which contain no more than 20 carbon atoms each and no more than 1 %
by  volume  of  which  contains  more  than  40  carbon  atoms  each;  or

(b)     produced  at  any  location  by  any  Person  from  a  blended stream of
Synthetic  Product  and at least 40 % by volume produced crude oil or condensate
such  that  after  blending  the  mixture  is  a transportable liquid, expressly
excluding  slurries;  or

(c)     produced  by  blending  individual  fractions  distilled  from Synthetic
Product  with  at least 50 % by volume of like distilled fractions from produced
crude  oil  or  condensate,  in  which  each  distilled  fraction from Synthetic
Product, before any blending, has a chemical composition consisting of molecules
having  at  least  85  % by volume of which contain no more than 20 carbon atoms
each  and no more than 1 % by volume of which contains more than 40 carbon atoms
each,  wherein  the  blending  is performed at any location by the Licensee, its
Affiliates,  or third Persons who are contractually committed to Licensee or its
Affiliate  to  produce  only  Marketable  Products  from such Synthetic Product.

Notwithstanding  the  above language in this Section 1.24  hydrocarbons consumed
                                             ------------
as  fuel by Licensee or its Affiliates at locations which satisfy the conditions
of  this Section 1.24 are Marketable Products, regardless of whether or not they
         ------------
happen  to  be  waxes, chemicals, Lubricants, or any other specialty hydrocarbon
products.

1.25     "PARTIES"  means  Licensor  and  Licensee.

1.26     "PARTY"  means  Licensor  or  Licensee.

1.27     "PERSON"  means  any  natural person, corporation, partnership, limited
liability  company, firm, association, trust, government, governmental agency or
any  other  entity,  other  than  the  Parties.

1.28     "PROCESS DESIGN PACKAGE" means a compilation of text, figures, drawings
and  documentation, relating to the design and construction of a Licensed Plant,
which  may  be  modified from time to time by mutual consent of the Parties, and
expressly  excluding  Reactor  Information, which is necessary and sufficient to
prepare the detailed design and engineering necessary to construct and operate a
Licensed  Plant.

1.29     "REACTOR  INFORMATION" means all information, including but not limited
to  data,  processes, plans, specifications, flow sheets, designs, and drawings,
relating to the internal design or functions including, without limitation, tube
count, tube size and configuration and catalyst volume, relating to any Licensor
autothermal  reformer or Fischer-Tropsch reactors, which, at any time during the
term  of  this  Agreement,  Licensor  discloses  to  Licensee.

1.30     "REACTOR  VENDOR"  shall mean those fabricators approved by Licensor to
perform the fabrication and/or maintenance and repair of autothermal reformer or
Fischer-Tropsch  reactors  for  installation  and  use  in  Licensed Facilities.
Licensor  may,  from time to time, add or remove any vendor from being a Reactor
Vendor.

1.31     "SITE  LICENSE  AGREEMENT"  means  an  agreement  between  Licensee and
Sublicensee,  in the form attached to the Sublicense Agreement, and which may be
modified  from  time  to  time  by  mutual  written  consent  of  Licensee  and
Sublicensee,  granting  the  right to build and operate a single Licensed Plant,
specifying  in  each  case  the  fixed  site and the nominal design capacity, in
Barrels  of  Synthetic  Product  produced  per  day.

1.32     "START-UP  DATE" means the first full calendar day following a five day
period,  after  completion  of  catalyst  pre-treatment  and  other  preliminary
operations,  during  which  the applicable Licensed Plant produces quantities of
Synthetic  Product  in  an  amount  equal  to at least 75% of the per-day design
production  capacity  of such Licensed Plant averaged over such five day period.

1.33     "SUBLICENSEE"  means  the  Commonwealth  of  Australia.

1.34     "SUBLICENSE AGREEMENT" means the License Agreement between Licensee and
Sublicensee  dated  August  2,  2000.

1.35     "SYNTHETIC  PRODUCT"  means  those  hydrocarbons,  having  a  chemical
composition substantially consisting of molecules with five or more carbon atoms
each, produced using Licensor Technology in the practice of a Conversion Process
at  a  Licensed  Plant.

               2.  LICENSOR GRANTS TO LICENSEE; SUBLICENSE RIGHTS
               --------------------------------------------------

2.01     Subject  to the terms and conditions of this Agreement, Licensor grants
to  Licensee  a  limited, non-exclusive, non-transferable (except as provided in
Section  2.05 and Section 8) right and license to use Licensor Patent Rights and
  -----------     ---------
Licensor Technical Information to practice a Conversion Process.  Licensee shall
have  the  right  to grant a sublicense of the rights licensed to Licensee under
this Section 2.01 to Sublicensee under the terms of the Sublicense Agreement for
     ------------
the  purpose of granting Sublicensee the right to design, construct, operate and
maintain  (including  modify,  expand  and  replace) Licensed Facilities under a
separate  Site  License  Agreement  for  each  Licensed  Plant,  to  practice  a
Conversion  Process  to  manufacture Synthetic Product solely for the purpose of
producing,  using,  and  selling  Marketable  Products  anywhere  in  the world.

2.02     Subject  to the terms and conditions of this Agreement, Licensor grants
to  Licensee  a  limited, non-exclusive, non-transferable (except as provided in
Section  2.05  and  Section  8)  right  to  purchase  from  Reactor  Vendors the
  -----------       ----------
appropriate  Fischer-Tropsch  and  autothermal reforming reactors for use in the
  ------
practice  of  a  Conversion  Process.  Licensee  shall have the right to grant a
sublicense  of  the  rights  licensed  to  Licensee  under  this Section 2.02 to
                                                                 ------------
Sublicensee  under  the  terms  of  the  Sublicense Agreement for the purpose of
granting  Sublicensee the right to purchase from Reactor Vendors the appropriate
Fischer-Tropsch and autothermal reactors for use in the practice of a Conversion
Process.  Licensee  shall  have no right to make, have made, or sell any reactor
based  on Reactor Information except as expressly provided in this Section 2.02.
                                                                   ------------
At  the  time  a  Request  for  Site License Agreement has been submitted by the
Sublicensee  to  the  Licensee  under  the Sublicense, Licensor shall survey its
Reactor  Vendors  to  determine  the  lead  time for reactor fabrication for the
Licensed  Plant.  If  delivery  time  for  reactors  is  greater than 18 months,
Licensor  agrees  with  Licensee  to  use its commercially reasonable efforts to
approve  additional  Reactor  Vendors  in  order  to  reduce  the delivery time.

2.03     Subject  to the terms and conditions of this Agreement, Licensor grants
to  Licensee  (a)  the  right  to  purchase  from  Licensor  the  appropriate
Fischer-Tropsch  Catalyst  and,  from  either  Licensor  or  a  catalyst  vendor
designated  by  Licensor, the appropriate autothermal reforming catalyst for use
in  the  practice  of  a  Conversion  Process,  and (b) a limited non-exclusive,
non-transferable  (except  as  provided in Section 2.05 and Section 8) right and
                                           ------------     ---------
license  under Licensor Catalyst Patent Rights and Licensor Catalyst Information
to  use  such catalysts in the practice of a Conversion Process.  Licensee shall
have  the  right  to grant a sublicense of the rights licensed to Licensee under
this Section 2.03 to Sublicensee under the terms of the Sublicense Agreement for
     ------------
the  purpose of granting Sublicensee the right to purchase and use such catalyst
at  a  Licensed Plant to manufacture Synthetic Product solely for the purpose of
producing,  using,  and  selling  Marketable Products anywhere in the world. The
purchase  price  for  any  catalyst purchased by Licensee from Licensor shall be
equal  to  Licensor's cost to produce or have produced such catalysts.  Licensee
shall  have  no  rights to make, have made, or sell any Licensor Fischer-Tropsch
Catalyst  or  autothermal  reforming catalyst, which is proprietary to Licensor.
Beyond  the  initial catalyst fill, for a Licensed Plant, Licensee will have the
right  to  buy  replacement catalyst from other catalyst suppliers.  If Licensor
specifies  in  the  Process  Design  Package  an  autothermal reforming catalyst
commercially  available  from  a  third  party, Licensee shall have the right to
purchase  such  catalyst  directly  from  a  third  party.

2.03A     Licensor  agrees,  where Licensee requests to purchase the appropriate
Fisher-Tropsch  Catalyst  because  of a request from the Sublicensee to purchase
the  same  under  the  Sublicense,  to  supply  that  catalyst  to the Licensee.

2.04     In  the event Licensor for any reason is unable to supply Licensee with
such  amounts of Fischer-Tropsch Catalyst as may be reasonably necessary for the
operation  of  a  specific Licensed Plant (or in accordance with Section 2.03A),
Licensor  shall  provide  to one or more catalyst vendors designated by Licensor
the  necessary catalyst recipe, together with a non-exclusive limited license to
make and sell such Fischer-Tropsch Catalyst to Licensee for use in such Licensed
Plant  (or for the purposes of Section 2.03A), and Licensee shall have the right
to  purchase  such  Fischer-Tropsch  Catalyst  from  such vendor for use in such
Licensed  Plant  (or  for  the  purposes  of  Section  2.03A)  on the same terms
(including  price)  as  set  forth  in  Section  2.03.
                                        -------------

2.05     During  the  term of this Agreement, Licensee may extend this Agreement
to  any Affiliate, provided that Licensee shall first notify Licensor in writing
of  any  such  extension  and the acceptance of such extension by such Affiliate
pursuant  to  this  Section  2.05.  The Affiliate to which this Agreement may be
                    -------------
extended  by  Licensee  shall  be subject to and shall accept in writing (in the
form  set  forth  in  Attachment  2)  the  same obligations to which Licensee is
                      -------------
subjected  under  this  Agreement and all terms and conditions of this Agreement
shall  apply  to  such  Affiliate with respect to its obligations and its rights
(except  the  right  of  extension as set forth in this Section 2.05) as if such
                                                        ------------
Affiliate had entered into this Agreement with Licensor effective as of the date
of  such  extension.  Licensee warrants to Licensor the full performance by such
Affiliate  of  the obligations which are imposed upon such Affiliate as a result
of  such  extension  of  this Agreement and, notwithstanding any such extension,
Licensee  shall  still  be liable to Licensor for all sums which become due from
such  Affiliate  to  Licensor  and  for  any  default  by  such Affiliate in the
performance  of  its  obligations  under  this  Agreement.

                            3.  TECHNICAL ASSISTANCE
                            ------------------------

3.01     Licensee  shall purchase and Licensor agrees to furnish to Licensee, or
to  a  contractor  designated  by  Licensee,  a  Process Design Package for each
Licensed  Plant  according  to  the  terms  specified  in  Section  5.02 of this
                                                           -------------
Agreement.  Where  Licensee  has  agreed  to furnish a Process Design Package to
Sublicensee  according  to  the  Sublicensee,  Licensor  agrees  to furnish that
Process  Design Package to Licensee in a form sufficient for Licensee to satisfy
that  obligation  to  Sublicensee.

3.02     Reactor Information necessary for each Licensed Plant shall be excluded
from  the Process Design Package. However, those elements of Reactor Information
which  are  necessary  to  fabricate  such reactors will be provided by Licensor
directly to the Reactor Vendors selected by Licensee or Sublicensee, as the case
may  be,  to  manufacture  the autothermal reformer and Fischer-Tropsch reactors
from  Licensor's  then current list of Reactor Vendors.  Licensor may, from time
to  time,  add  or  remove  any  Reactor  Vendor.

3.03     Except as may be set forth in a Process Design Package, the obligations
of  Licensor  under this Agreement do not include the performing of any basic or
detailed  design,  engineering,  training,  consulting,  start-up,  operating or
maintenance  services  with  respect  to  any  Licensed  Plant.  Licensor's
responsibilities for any such services in the design, construction and operation
(including  maintenance)  of  any Licensed Plant shall be as set forth in one or
more  separate  written  engineering  services  agreement(s)  (if  any)  between
Licensor  and  Licensee  or  Sublicensee,  as  the  case  may  be,  specifically
applicable  to  each  Licensed  Plant.  Licensor  will  not  refuse a request by
Sublicensee  (or  Licensee  on  behalf  of  Sublicensee)  to  enter into such an
agreement  with  Sublicensee  for  such  services as are reasonably requested by
Sublicensee (or Licensee on behalf of Sublicensee) and the Parties will each act
reasonably  in  agreeing  to  the  terms  of such agreement.  Licensee holds the
benefit  of  this  Section  3.03  for  itself  and  on  trust  for  Sublicensee.

3.04     Licensor agrees to disclose to Licensee, upon reasonable request but at
least  once a year, (a) additions to Licensor Technology and (b) improvements or
inventions  developed  by  Licensor  or  its  Affiliates  relating  to  Licensor
Technology which have been commercially used or which Licensor determines are in
a  stage  of  development  suitable  for  commercial use.  Licensor shall permit
Licensee  to  reasonably  inspect,  at  mutually convenient times, the operating
procedures,  process conditions, material balances, energy consumption, catalyst
performance,  and  analyses  of  internal  streams  and/or  Synthetic Product at
Licensor's  pilot plant which are applicable to such improvements or inventions.
Licensee may disclose those additions, improvements or inventions to Sublicensee
according  to  the  Sublicense.

3.05     Licensee  shall  provide Licensor 90 days advance written notice of the
anticipated  Start-up  Date  for  each Licensed Plant. Licensee agrees to permit
Licensor  and/or  its  representatives  access  to Licensee's Licensed Plants at
reasonable  and  convenient  times, for inspection and if requested by Licensee,
training,  by  representatives  of  Licensor.  Licensor  shall have the right to
charge  Licensee  a  reasonable  fee  for any training as may be agreed with the
Licensee  on  a  case  by  case  basis.

                         4. LICENSEE GRANTS TO LICENSOR
                         ------------------------------

4.01     Licensor  may, no more than one (1) time per year, request and Licensee
agrees to disclose to Licensor in writing any Inventions or Improvements related
to  a  Conversion  Process.  Licensee  may  disclose  those  Inventions  and
Improvements  to  Sublicensee  under  the  Sublicense.

4.02     Subject  to the terms and conditions of this Agreement, Licensee grants
to  Licensor  a limited, non-exclusive, irrevocable, royalty free, worldwide (i)
right and license under Licensee Patent Rights and (ii) right and license to use
Licensee  Technical  Information  for  the  design,  construction, operation and
maintenance  (including modify, expand and replace) of facilities practicing the
Conversion  Process,  together with the right to grant corresponding sublicenses
of  the  Licensee  Patent  Rights  and  Licensee  Technical Information to other
licensees  of  Licensor  Technology  for  use  at  a licensed plant practicing a
Conversion  Process,  provided that any such licensee to whom a sublicense is to
be  granted  shall  have  granted reciprocal rights to Licensor to use and grant
sublicenses  under  such  licensee's patent rights and technical information for
the  benefit  of  Licensee.  Licensee shall have the right to charge  Licensor a
reasonable  fee  for  any  training  with  respect to Licensee Patent Rights and
Licensee  Technical  Information as may be agreed with the Licensor on a case by
case  basis.

4.03     Should Licensee, during the term of this Agreement, make any patentable
Inventions  or  Improvements,  Licensee may, at its sole discretion, file patent
applications with respect to such Inventions or Improvements in its own name and
at  its  own  expense,  and  take such other steps as are necessary, in the sole
judgment  of Licensee, to protect its rights in such Inventions or Improvements.
In  the  event  Licensee declines to file any patent application with respect to
any  Inventions  or  Improvements, it shall promptly notify Licensor in a timely
manner  to  allow  Licensor,  at  its  sole  discretion,  to  file  such  patent
application  at its sole expense, and to take such other steps as are necessary,
in  its  judgment,  to  protect  the  Parties'  rights  in  such  Inventions  or
Improvements,  subject  to  Licensee's  obligation  to  account to third parties
therefore  and  provided  that  title  to  such Inventions or Improvements shall
remain  in  Licensee.

4.04     Licensor  and  Licensee  each agree that they will take all actions and
execute all documents and shall cause their employees, agents and contractors to
take  all  actions  and execute all documents as are necessary or appropriate to
carry  out  the  provisions  of  this  Section  4 or to assist each other in the
                                       ----------
preparation,  filing  and  prosecution  of  patent applications or securing such
protection  referenced  in  this  Section  4  when  so  requested.
                                  ----------

4.05     Licensee shall permit Licensor and/or its representatives to reasonably
inspect,  at  mutually  convenient  times,  the  operating  procedures,  process
conditions,  material  balances,  energy  consumption, catalyst performance, and
analyses  of  internal  streams and/or Synthetic Product which are applicable to
Licensee's  Inventions  or Improvements at any Licensed Plant incorporating such
Inventions  or  Improvements.

4.06     Licensee  agrees  to  provide,  from  time  to time and upon request by
Licensor,  samples  of  Synthetic  Product  and  Marketable Products as they are
produced  by  any  of  Licensee's Licensed Plants to verify compliance with this
Agreement.  Licensor  agrees  to  limit  its  analysis  of samples of Marketable
Products to those analyses necessary to determine compliance with the definition
of  Marketable  Products.

                           5.  LICENSE AND OTHER FEES
                           --------------------------

5.01     In  consideration  for the rights granted to Licensee by Licensor under
this  Agreement,  Licensee  has paid Licensor a non-refundable amount of $100.00
U.S.  dollars  upon  execution  of  this  Agreement,  the  receipt  of  which is
acknowledged.

5.02     In  addition  to  the  amounts to be paid by Licensee to Licensor under
Section 5.01, Licensee agrees to pay Licensor for each Process Design Package, a
   ---------
fee  equal  to  the costs actually incurred by Licensor in preparing the Process
Design  Package.  Such  fee  shall  be  invoiced  by  Licensor to Licensee after
delivery  of  a  Process  Design Package and payment shall be due within 30 days
from  receipt  of  invoice  by  Licensee.

5.03     All  amounts  payable under this Agreement shall be paid by Licensee to
Licensor at Licensor's address specified in Section 10.08, or to an account at a
                                            -------------
bank  specified  by  Licensor,  in  dollars  of  the  United  States of America.

5.04     In  the  event  Licensee is required to withhold any taxes from amounts
payable to Licensor under this Agreement, Licensee agrees to provide Licensor at
the  time  of  such  withholding with a receipt or other evidence reflecting the
deposit  of  such  taxes  with  the  appropriate  governmental  agency.

                         6.  WARRANTIES AND INDEMNITIES
                         ------------------------------

6.01     Licensor  represents  and  warrants  that  it  is  a  corporation  duly
organized, validly existing, and in good standing under the laws of the State of
Delaware,  United  States  of America, and has full power and authority to enter
into  and perform its obligations under this Agreement.  The execution, delivery
and  performance of this Agreement and all documents relating hereto by Licensor
have  been  duly  and validly authorized by all requisite corporation action and
constitute  valid  and binding obligations of Licensor enforceable in accordance
with  their  respective  terms.

6.02     Licensee  represents  and  warrants  that  it  is  a  corporation  duly
organized,  validly  existing,  and in good standing under the laws of Delaware,
United  States  of  America,  and has full power and authority to enter into and
perform  its  obligations  under this Agreement including the right to grant the
rights  and  licenses  as  set  forth in Section 4.  The execution, delivery and
                                         ---------
performance of this Agreement and all documents relating hereto by Licensee have
been  duly  and  validly  authorized  by  all  requisite  corporate  action  and
constitute  valid  and binding obligations of Licensee enforceable in accordance
with  their  respective  terms.

6.03     Except  as  otherwise  expressly  set  forth in this Agreement or other
written  agreement  between  the Parties, LICENSOR MAKES NO AND HEREBY DISCLAIMS
ANY  EXPRESS OR IMPLIED WARRANTIES OR REPRESENTATIONS OF ANY KIND, INCLUDING ANY
WARRANTY  OF  MERCHANTABILITY,  FITNESS  FOR  A PARTICULAR PURPOSE, OR ANY OTHER
WARRANTIES  OR  REPRESENTATIONS  OF  ANY  KIND  TO  LICENSEE, INCLUDING, WITHOUT
LIMITATION,  ANY  WARRANTY  OR  REPRESENTATION  WITH  RESPECT TO USE OF LICENSOR
TECHNOLOGY  AS  AUTHORIZED  HEREUNDER.

6.04     EXCEPT  FOR  UNAUTHORIZED DISCLOSURE OR USE OF CONFIDENTIAL INFORMATION
OR  UNAUTHORIZED  USE OF PATENT RIGHTS UNDER THIS AGREEMENT, IN NO EVENT SHALL A
PARTY BE LIABLE TO THE OTHER FOR ANY SPECIAL, INDIRECT, INCIDENTAL, PUNITIVE, OR
EXEMPLARY  DAMAGES,  INCLUDING  WITHOUT  LIMITATION,  LOST  PROFITS  OR SAVINGS,
REGARDLESS  OF  THE FORM OF ACTION GIVING RISE TO SUCH A CLAIM FOR SUCH DAMAGES,
WHETHER  IN  CONTRACT OR TORT INCLUDING NEGLIGENCE, EVEN IF LICENSOR OR LICENSEE
HAS  BEEN  ADVISED  OF THE POSSIBILITY OF SUCH DAMAGES.  BUT IF A PARTY IS FOUND
LIABLE,  DESPITE  THE  ABOVE LANGUAGE, TO THE OTHER PARTY FOR SPECIAL, INDIRECT,
CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR EXEMPLARY DAMAGES THEN THE MAXIMUM LIMIT
OF  SUCH  DAMAGES  IS  AGREED  TO  BE  $5,000.

6.05     A  Party  will  promptly advise the other Party in writing of any claim
made  or  lawsuit  alleging  infringement  of  any  patent  or  copyright  or
misappropriation  of  Confidential Information based on the design, construction
and/or  operation  of  Licensed  Facilities  (including  Synthetic  Product  or
Marketable  Products  produced  from  Licensed  Facilities).

     (a)     If  Licensee has made a modification to the Process Design Package,
with  respect  to a Licensed Plant, and infringement or misappropriation by such
Licensed  Plant  would  not  exist  in  the  absence of Licensee's modification,
Licensee  will be solely responsible for any claim or lawsuit. Licensee will (i)
promptly  undertake  at its own expense the defense of the claim or lawsuit, and
(ii) hold Licensor, its Affiliates, and their officers, directors, and employees
harmless  from  any liability, damages and other sums that may be assessed in or
become payable under any decree or judgment by any court or other tribunal which
results  from  such  claim  or  lawsuit  and  from  any attorneys fees, costs of
litigation  and  other reasonable out of pocket expenses incurred in the defense
of  such  claim  or  lawsuit.

     (b)     If  the  design,  construction and/or operation of a Licensed Plant
which  is  the  basis  for  alleged  infringement  or  misappropriation,  is  in
accordance with the designs, specifications and operating conditions (including,
but  not  limited to, catalysts) embodied in the Process Design Package for such
Licensed  Plant,  Licensor  will  (i)  promptly undertake at its own expense the
defense  of  the  claim  or lawsuit, and (ii) hold Licensee, its Affiliates, and
their  officers,  directors,  and employees harmless from any liability, damages
and  other  sums  that  may be assessed in or become payable under any decree or
judgment by any court or other tribunal which results from such claim or lawsuit
and  from  any  attorneys  fees, costs of litigation and other reasonable out of
pocket  expenses  incurred  in  the  defense  of  such  claim  or  lawsuit.

     (c)     A  Party will render all reasonable assistance that may be required
by  the other Party in the defense of  claim or lawsuit alleging infringement or
misappropriation  and  such Party shall have the right to be represented therein
by  advisory  counsel  of  its  selection  and  at  its  expense.

     (d)     In  the  event  a  court  or other tribunal finds that infringement
and/or  misappropriation  has  occurred  not  as  a  result  of  Licensee's
modifications,  Licensor  shall  have the option, at its sole expense, to either
(i)  provide designs, specifications and/or operating conditions (including, but
not  limited  to,  catalysts) and make modifications to the Licensed Plant which
avoid  such infringement and/or misappropriation without degrading the economics
or performance of the Licensed Facilities, or (ii) acquire the right to continue
using  the  design,  construction  and  operating conditions (including, but not
limited  to,  catalysts),  which  were  the subject of such  infringement and/or
misappropriation.

     (e)     Except  as  provided  in  (d)  above,  a  Party shall not settle or
compromise  any  claim  or  lawsuit  alleging  infringement  or misappropriation
without  the written consent of the other Party if such settlement or compromise
obligates  the  other  Party  to  make any payment or part with any property, to
assume any obligation or grant any licenses or other rights, or to be subject to
any  injunction  by  reason  of  such  settlement  or  compromise.

6.06     Licensor  agrees  to  indemnify  and  hold  harmless  Licensee,  its
Affiliates,  and  their  officers, directors, and employees from and against the
full  amount  of  any  and all claims, demands, actions, damages, losses, costs,
expenses,  or  liability  whatsoever  (including without limitation the costs of
litigation,  including  reasonable  attorneys'  fees),  for patent infringement,
property  (real  and  personal)  damage,  personal  injury  or  death, fines, or
penalties  arising  in whole or in part out of the use of Licensee Patent Rights
and  Licensee  Technical  Information  in a plant operated by Licensor or Person
under  license  from  Licensor.

6.07     Licensor  agrees  to  indemnify  and  hold  harmless  Licensee,  its
Affiliates,  their  officers, directors, and employees from and against the full
amount  of  any  and  all  claims,  demands,  actions,  damages,  losses, costs,
expenses,  or  liability  whatsoever  (including without limitation the costs of
litigation,  including  reasonable  attorneys'  fees),  for  property  (real and
personal) damage, personal injury or death, fines, or penalties arising in whole
or  in  part  out of acts or omissions in the preparation and content (including
design,  engineering,  and specifications) of the Process Design Package for the
Licensed  Facilities.

6.08     Licensee  agrees  to  indemnify  and  hold  harmless  Licensor,  its
Affiliates,  their  officers, directors, and employees from and against the full
amount  of  any  and  all  claims,  demands,  actions,  damages,  losses, costs,
expenses,  or  liability  whatsoever  (including without limitation the costs of
litigation,  including  reasonable  attorneys'  fees),  for  property  (real and
personal) damage, personal injury or death, fines, or penalties arising in whole
or  in part out of acts or omissions outside the scope of or any modification to
the  content  (including design, engineering, and specifications) of the Process
Design  Package  for  the  Licensed  Facilities.

6.09     Licensor's  total  obligation  and  liability  to  indemnify  and  hold
Licensee harmless for any and all claims (a) under this Section 6, including but
                                                        ---------
not limited to all expenses incurred by Licensor in assuming Licensee's defense,
making  modifications  to  the  Licensed  Plant  and for paying any judgments or
settlements  on  Licensee's behalf, or for any other reason contemplated by this
Section  6,  (b)  for  failure to meet any process guarantees that may have been
 ---------
provided  under  a separate agreement, or (c) for any other indemnification made
 --
by  Licensor  pursuant  to  this  Agreement, shall in no event exceed 50% of the
total  License  Fees  received from the Licensee for any  Licensed Plant that is
subject  to  the  above  claims.

6.10          Licensee's  total  obligation  and liability to indemnify and hold
Licensor  harmless for any and all claims (a) under this Section 6 including but
                                                         ---------
not  limited to all expenses incurred by Licensee in assuming Licensor's defense
and  for  paying  any  judgments or settlements on Licensor's behalf, or for any
other  reason  contemplated  by  this  Section  6,  or  (b)  for  any  other
                                       ----------
indemnification  made  by Licensee pursuant to this Agreement, shall in no event
exceed  50% of the total License Fees received by Licensor from Licensee for any
Licensed  Plant  that  is  subject  to  the  above  claims.

                       7.  CONFIDENTIALITY AND LIMITATIONS
                       -----------------------------------

7.01     Licensee agrees that any Confidential Information disclosed by Licensor
or  an  Affiliate  directly or indirectly to Licensee during the period from the
date  of  Licensee's  execution  of  this  Agreement  through  the  term of this
Agreement,  will  be  kept confidential by Licensee for a period of fifteen (15)
years  after the date of each disclosure, but not to exceed five (5) years after
the termination of this Agreement or fifteen (15) years from the Effective Date,
whichever  last  occurs, with the same standard of care Licensee uses to protect
its  own  similar  confidential information and, except as otherwise provided in
this  Agreement  will not be disclosed to others or copied or duplicated (except
for  internal  use,  or  for  disclosure  to  Sublicensee),  and will be used by
Licensee  solely  as  it  relates  to  this Agreement, and for no other purpose,
including Licensee's research, development or commercial activities related to a
Conversion Process for its own account.  Licensee may disclose such Confidential
Information to third parties who have executed a secrecy agreement with Licensor
with  confidentiality  terms  no  less  restrictive than those set forth in this
Section  7.01.  To  the extent reasonably necessary to carry out the purposes of
    ---------
this  Agreement,  Licensee  may  disclose any of the foregoing information to an
Affiliate, provided that the Affiliate has agreed in writing to be bound by this
Agreement.

7.02     Licensor agrees that any Confidential Information disclosed by Licensee
or  an  Affiliate  directly  or  indirectly  to Licensor during the term of this
Agreement  will  be  kept  confidential by Licensor for a period of fifteen (15)
years  after the date of each disclosure, but not to exceed five (5) years after
the termination of this Agreement or fifteen (15) years from the Effective Date,
whichever  last  occurs, with the same standard of care Licensor uses to protect
its  own  similar  confidential information, and except as otherwise provided in
this Agreement will not be disclosed to others or copied or duplicated, and will
be  used  by  Licensor  solely  in the development, marketing and licensing of a
Conversion  Process,  and  for  no  other  purpose.  Licensor  may disclose such
Confidential  Information to third parties who have executed a secrecy agreement
with  confidentiality  terms  similar  to the confidentiality provisions of this
Agreement.  To the extent reasonably necessary to carry out the purposes of this
Agreement,  Licensor  may  disclose  any  of  the  foregoing  information  to an
Affiliate,  provided that the Affiliate has agreed in writing to be bound by the
relevant  provisions  of  this  Agreement.

7.03     A  Party shall not be subject to the restrictions set forth in Sections
                                                                        --------
7.01 and 7.02 as to the disclosure, duplication or use of disclosed Confidential
----     ----
Information,  which  the receiving Party can prove by competent evidence (a) was
already  known  to  the  receiving Party or an Affiliate prior to the disclosure
thereof  by the disclosing Party; (b) is or becomes part of the public knowledge
or  literature  without breach of this Agreement by the receiving Party but only
after it becomes part of the public knowledge or literature; (c) shall otherwise
lawfully  become  available  to the receiving Party or an Affiliate from a third
party but only after it becomes so available and provided the third party is not
under  obligation of confidentiality to disclosing Party; or (d) is developed by
the  receiving  Party  or  an  Affiliate  independently of any disclosure by the
disclosing  Party to the receiving Party or an Affiliate under this Agreement or
independently  of  any joint research and development activities of Licensee and
Licensor  which  may  occur  under  a  separate  agreement.  Any  Confidential
Information  disclosed  shall  not  be deemed to fall within the confidentiality
exceptions  of  this  Section 7.03 merely because it is embraced by more general
                      ------------
information.  In  any such case set forth in Section 7.03(a), (b), (c), and (d),
                                             ----------------------------------
the  receiving Party shall keep confidential and not disclose to any third party
that  any  such  information  was  also  made  available  to  or acquired by the
receiving Party or an Affiliate from the disclosing Party, and such release from
the  secrecy  obligation shall not be considered as a license to make, sell, use
or  operate  under  any  of  the  disclosing  Party's  proprietary  rights.

7.04     The  receiving Party shall limit access to the Confidential Information
disclosed  to  it  to those employees of the receiving Party or an Affiliate who
reasonably  require  the  same  and  who  are  under  a  legal  obligation  of
confidentiality  on  the  terms set forth in Section 7.01 and Section 7.03.  The
                                             ------------     ------------
receiving Party shall be responsible to the disclosing Party for the performance
by  its  employees  of  their  confidentiality obligations.  The receiving Party
shall  keep a record of any Confidential Information marked "Limited Access" and
the  identity  of  each  employee  who has access to Confidential Information so
marked.  The  receiving  Party  shall  inform the other Party of the identity of
each  such  employee  within  30  days  of  disclosure.

7.05     In  the  event  that  a  Party  which  is  recipient  of  Confidential
Information  from  the  other  Party  is  requested  or  required by deposition,
interrogatory,  request  for  documents, subpoena, civil investigative demand or
similar  process  to  disclose any such  Confidential Information, the receiving
Party  shall  provide  the  disclosing  Party with prompt written notice of such
request  or  requirement  prior  to  making  the requested disclosure, and shall
cooperate  with  the  disclosing  Party  so that the disclosing Party may seek a
protective  order  or  other  appropriate  remedy or, if the disclosing Party so
elects,  waive  compliance  with  the terms of this Agreement. In the event that
such  protective order or other remedy is not obtained, the receiving Party  may
disclose  only that portion of the Confidential Information which the disclosing
Party  is  advised  by  counsel  is  legally  required  to  be  disclosed.

7.06     The  Parties agree that they will each take all actions and execute all
documents,  and  shall cause their employees, agents and contractors to take all
actions  and  execute all documents as are necessary or appropriate to carry out
the  provisions of this Section 7 or to assist each other in securing protection
                        ---------
of intellectual property and Confidential Information referenced in this Section
                                                                         -------
7.

7.07     With  respect to any catalyst furnished by Licensor to Licensee for use
by Licensee at the Licensed Facilities, Licensee will not, and Licensee will not
allow  any  other  person to, analyze, break down, reverse engineer or otherwise
seek to determine the chemical composition, except for loss on ignition and bulk
density,  of  any such catalyst, except that Licensee (and Sublicensee) shall be
entitled  to  (a)  perform  analyses  that  Licensor  may  from  time  to  time
specifically  authorize  in  writing,  to the extent required for monitoring the
performance  of  the  Licensed  Facilities  and for regeneration, reclamation or
disposal of spent catalysts, such authorization not to be unreasonably withheld,
and  (b)  provide results of the aforementioned analyses to other parties to the
extent  required  for  regeneration, reclamation or disposal of spent catalysts,
but  only  after such other parties have entered into an agreement with Licensor
in  a  form attached hereto as Exhibit E of the attached Site License Agreement.
                               ---------
Licensor  will  be  provided  with  a  copy  of all such analyses which has been
approved  in  writing  prior  to  release  to  other  parties.

                                 8.  ASSIGNMENT
                                 --------------

Except  for assignment to an Affiliate or the successor in interest, by purchase
or  otherwise,  of Licensee (but specifically excluding Exxon Corporation, Royal
Dutch Shell, Sasol Limited or any entity in which they have an equity interest),
which  may be made without written consent of Licensor, this Agreement shall not
be  assignable  by  Licensee  without the prior written consent of the Licensor,
which  consent will not be unreasonably withheld.  Licensee will promptly notify
Licensor  in  writing  of  any  assignment to an Affiliate, or such successor in
interest.  Except for assignment to an Affiliate, or such successor in interest,
any  attempted  assignment  of  this  Agreement  by  Licensee without consent of
Licensor  shall  be  void.

                            9.  TERM AND TERMINATION
                            ------------------------

9.01     This  Agreement shall be for a term beginning on the Effective Date and
continuing  for  the  duration  of  the  Sublicense.

9.02     Upon  the  written  notice  from  Licensor  to Licensee of any material
default  under  this  Agreement  (including  any  material  default under a Site
License  Agreement),  all  rights  of  Licensee  under this Agreement, (with the
exception  of  Licensee's right to sublicence to Sublicensee) shall be suspended
until  such  default  is  cured  by Licensee.  Licensee's, an Affiliate's or the
Sublicensee's  right  to  operate any Licensed Plant which is in compliance with
its  Site License Agreement shall not be affected by either a default under this
Agreement or a default under another Site License Agreement for another Licensed
Plant. If a material default under this Agreement shall continue for a period of
one  year  following  written  notice  of such default to Licensee from Licensor
without  being  cured  by  Licensee,  then  Licensor shall have the right to (a)
suspend  all  rights  of  Licensee  under  this Agreement, or (b) terminate this
Agreement  upon  written notice to Licensee.  The actions by Licensor under this
Section  9.02 shall not prejudice Licensor from enforcing any claim which it may
 ------------
have  for  damages  or  otherwise  on  account  of  the  default.

9.03     Termination  of  this  Agreement  shall  not:
(a)     relieve  Licensee  of its obligations to account for and pay all amounts
due  Licensor  under  this Agreement and all Site License Agreements executed by
Licensee  under  this  Agreement;
(b)     affect  any  rights  granted  Licensee  under Site License Agreements in
effect  on  the  date  of  termination;
(c)     affect  any  rights  granted  under  Section  4 with respect to Licensee
                                             ----------
Patent  Rights  and  Licensee  Technical  Information,  which  shall  survive
termination  in  accordance  with  its  terms;
(d)     affect  the obligations of Licensor and Licensee under Sections 6 and 7,
                                                               ----------------
which  shall  survive  termination  in  accordance  with  their  terms;

9.04     No  Party  to  this  Agreement  shall  be  in default in performing its
obligations under this Agreement to the extent that performing such obligations,
or  any  of  them,  is delayed or prevented by revolution, civil unrest, strike,
labor  disturbances,  epidemic,  accident,  fire,  lightning,  flood,  storm,
earthquake, explosion, blockage or embargo, or any law, proclamation, regulation
or  ordinance,  or  any  other  cause that is beyond the control and without the
fault  or  negligence  of  the Party asserting the benefit of this Section 9.04.
                                                                   ------------
Each  Party  shall do all things reasonably possible to remove the cause of such
default.

9.05     Licensee  shall  have the right to terminate this Agreement in its sole
discretion,  with  or  without  cause,  upon  the  delivery of written notice of
termination  to  Licensor  no  less  than  90  days  prior  to  the date of such
termination.

9.06     Termination  under  any  of  the  provisions  of  this Section 9 of the
license  granted  to  Licensee  under  this  Agreement  shall also terminate the
sublicense  granted  by  Licensee  pursuant  to  the  Sublicense  Agreement.

                               10.  MISCELLANEOUS
                               ------------------

10.01       This  Agreement embodies the entire intent of the Parties and merges
all prior oral and written agreements between the Parties hereto with respect to
subject  matter  hereof.  No  stipulation,  agreement,  representation  or
understanding  of  the  Parties  hereto  shall  be  valid  or enforceable unless
contained  in  this Agreement or in a subsequent written agreement signed by the
Parties  hereto.  In  the  event of a conflict between this Agreement and a Site
License  Agreement  executed  pursuant  to  this  Agreement, this Agreement will
govern.

10.02     THIS  AGREEMENT  SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE  LAWS  OF THE STATE OF DELAWARE, UNITED STATES OF AMERICA, WITHOUT REGARD TO
CONFLICT  OF  LAW  PROVISIONS  THEREOF.  The  Parties  expressly and irrevocably
consent  and  submit  to  the jurisdiction of any federal court sitting in Tulsa
County,  State of Oklahoma and agree that, to the fullest extent allowed by law,
only  such  Tulsa  County, State of Oklahoma federal courts, to the exclusion of
all  others, shall have jurisdiction over any action, suit or proceeding arising
out of or relating to this Agreement.  Provided, however, that in the event that
no  federal  court  in Tulsa County, State of Oklahoma has jurisdiction over the
Parties  and  the subject matter of any action, suit, or proceeding, the Parties
expressly  and  irrevocably  consent and submit to the jurisdiction of any state
court  sitting  in  the  Tulsa  County, State of Oklahoma and agree that, to the
fullest extent allowed by law, only such Oklahoma state courts, to the exclusion
of  all others, shall have jurisdiction over any such action, suit or proceeding
arising  out  of  or  relating  to this Agreement.  The Parties each irrevocably
waive,  to  the  fullest extent allowed by law, any objection either of them may
have  to  the  laying of venue of any such suit, action or proceeding brought in
any  federal court sitting in Tulsa County, State of Oklahoma based upon a claim
that  such  court  is  inconvenient  or  otherwise  an objectionable forum.  Any
process  in  any  action,  suit or proceeding arising out of or relating to this
Agreement may, among other methods, be served upon any Party by delivering it or
mailing it to their respective addresses set forth herein.  Any such delivery or
mail  service  shall  be  deemed  to  have the same force and effect as personal
service  in  the  State  of  Oklahoma.

10.03     This  Agreement  does not grant and shall not be construed as granting
any  license,  authorization  or  consent,  to  either  Party by the other Party
hereto,  to  use any name, trademark, service mark or slogan of the other Party.
A Party shall not use the other Party's name without written consent, except for
the  identification  of  the  other  Party as a Licensee or Licensor of Licensor
Technology.  The  terms  of  this  Agreement will be maintained in confidence by
each  Party  subject to the same standard of care each Party uses to protect its
confidential  information,  except  as  required  by  law (and for disclosure to
Sublicensee).  A  press  release which includes the name of the other Party must
have  prior  written  approval  of  the  other Party, except as required by law.

10.04     Failure  of  either  Licensor  or Licensee at any time or from time to
time to exercise any of its rights under this Agreement or to insist upon strict
performance  of  the  other  Party's obligations hereunder shall not be deemed a
waiver  of  or  to  limit any of such rights or obligations with respect to such
rights  or  obligations  or  any  subsequent  occurrence.

10.05     Licensee may publish the existence of this Agreement but agrees not to
disclose,  without the written consent of the Licensor, any of the terms of this
Agreement  or  any portion thereof, or any amendment concerning the same, except
to  Persons directly involved with design, financing, construction, or operation
of  a  Licensed  Plant  on  a  need-to-know  basis  or  as required by law or to
Sublicensee.

10.06     Licensee  agrees  that  all Licensor information, technology, patents,
and  the  product  produced  directly  by the use thereof, when used outside the
United States of America, shall be used by Licensee subject to and in accordance
with regulations of any department or agency of the United States of America and
Licensee shall not re-export or transship or agree to re-export or transship any
such  Licensor  information,  technology,  patents,  and  the  product  produced
directly  by  the use thereof to any destination prohibited by United States law
including, without limitation, United States executive orders and administrative
orders,  rules,  and regulations or to any destination requiring the approval of
the  United  States  government for such re-exportation or transshipment until a
request  to  do  so  has  been  submitted  to  and approved by the United States
government  and notice of such approval has been provided to Licensor.  Licensee
shall  not  (i)  enter  into  a  transaction  or  dealing,  including,  without
limitation,  re-exporting  the  Licensed  Technology,  or  causing,  financing,
guaranteeing,  authorizing or facilitating an action to enter into a transaction
or dealing, that might reasonably be considered a violation of United States law
by either Licensor or Licensee, or (ii) disclose information in a way that might
reasonably  be considered a violation of United States law by either Licensor or
Licensee.

10.07     Should  any  part or provision of this Agreement be held unenforceable
or  in  conflict with the law of any state or of the United States of America or
of  any foreign country, the validity of the remaining parts or provisions shall
not  be  affected  by  such  holding.

10.08     All  notices  hereunder  shall be addressed to the Parties as follows:

     (a)     If  to  Licensor:

     Syntroleum  Corporation
     1350  S.  Boulder,  Suite  1100
     Tulsa,  OK  74119-3295
     Fax  No.:  (918)  592-7979
     Phone  No.:  (918)  592-7900
     ATTN:  Office  of  the  President

     with  copy  to:

     Syntroleum  Corporation
     1350  S.  Boulder,  Suite  1100
     Tulsa,  OK  74119-3295
     Fax  No.:  (918)  592-7979
     Phone  No.:  (918)  592-7900
     ATTN:  Office  of  the  General  Counsel

     (b)     If  to  Licensee:

     Syntroleum  Australia  Licensing  Corporation
     1350  S.  Boulder,  Suite  1100
     Tulsa,  OK  74119-3295
     Fax  No.:  (918)  592-7979
     Phone  No.:  (918)  592-7900
     ATTN:  Office  of  the  President

with  copy  to:

     Syntroleum  Australia  Licensing  Corporation
     1350  S.  Boulder,  Suite  1100
     Tulsa,  OK  74119-3295
     Fax  No.:  (918)  592-7979
     Phone  No.:  (918)  592-7900
     ATTN:  Office  of  the  General  Counsel

Any  notice required or permitted to be given under this Agreement by one of the
Parties  to  the  other  shall be deemed to have been sufficiently given for all
purposes  hereof  if  mailed  by  registered or certified mail, postage prepaid,
addressed  to  such  Party  at  its  address  indicated  above,  electronically
transmitted and acknowledged by the other Party or by actual delivery of written
notice  to  the  other  Party.

     IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date
set  forth  above.
                              Licensor
                              SYNTROLEUM  CORPORATION

                              By:          /s/
                                   -----------------------------
                                   Kenneth  L.  Agee
                                   Chairman  of  the  Board/CEO

                              Date:  August  2,  2000

                              Licensee
                              SYNTROLEUM  AUSTRALIA
                              LICENSING  CORPORATION

                              By:          /s/
                                   --------------------------------
                                   Eric  Grimshaw
                                   Vice  President/General  Counsel

                              Date:  August  2,  2000

                                  ATTACHMENT 1
                                  ------------

                          AFFILIATE EXTENSION AGREEMENT
                          -----------------------------

THIS  AGREEMENT,  effective  as of the _______ day of _______________, _____, by
and  between  ___________________________________________,  a  ______________
corporation  (hereinafter  "Affiliate-Licensee")  and
_________________________________________,  a  _____________________ corporation
(hereinafter  "Licensee").

WHEREAS,  Licensee  and  Syntroleum  Corporation  (hereinafter  "Licensor") have
previously  entered  into  a  certain  License  Agreement, dated August 2, 2000,
relating  to the use of Licensor Technology in practicing the Conversion Process
at Licensed Facilities in the Licensed Territory to produce Marketable Products,
such  capitalized  terms  being  defined  in  the  License  Agreement;

WHEREAS,  pursuant to the terms of the License Agreement, Licensee has the right
to  extend  the  benefits  of  the  License  Agreement  to  its  Affiliates; and

WHEREAS,  Affiliate-Licensee  desires  to  acquire  the  right  to  use Licensor
Technology  in  practicing  the Conversion Process at Licensed Facilities in the
Licensed Territory to produce Marketable Products by extension to it by Licensee
of  the  benefits  of  the  License  Agreement.

NOW,  THEREFORE,  in  consideration  of  the mutual covenants and agreements set
forth  in  this  Agreement,  the  parties  agree  as  follows:

     1.     Pursuant to the provisions of Section 2.05 of the License Agreement,
                                          ------------
Licensee  hereby  extends the License Agreement to Affiliate-Licensee for use of
Licensor Technology in practicing a Conversion Process in Licensed Facilities in
the  Licensed  Territory  to  produce  Marketable  Products.

     2.     Affiliate-Licensee hereby accepts the extension to it of the License
Agreement  as set forth in Paragraph 1 above and agrees that it shall be subject
to  the  same  obligations  to  which  Licensee  is  subject  under the  License
Agreement,  and  that  all  of the terms and conditions of the License Agreement
shall  apply  to  it with respect to both its obligations and rights (except for
the  right  of  extension  as  set  forth  in Section 2.05 of the Master License
                                              ------------
Agreement)  as  if  Affiliate-Licensee  had  entered  into the License Agreement
effective  as  of  the  date  of  this  Agreement.

IN  WITNESS WHEREOF, the parties have executed this Agreement as of the date set
forth  above.

LICENSEE                         AFFILIATE-LICENSEE

______________________________          _______________________________
     (COMPANY)                              (COMPANY)

By:___________________________          By:_____________________________

Title:________________________          Title:__________________________

Acknowledged  and
Agreed  to  this  ___  day
of  _______,  ________.
SYNTROLEUM  CORPORATION

By:_______________

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