Document:

ex1026.htm

    
      Exhibit
        10.26

       

      Date 
        Friday 8th
        September 2006

    

    
      Licence
        Agreement - LA

    

    
      
        

      

    

    

    Agreement
      between

     

    
      GreenGas
        NGV (Asia) Limited of 11fl, Kian Gwan Building ‘B’,
        138-152 Wireless Road, Lumpinee, Patumwan, Bangkok, 10330,
        Thailand

    

    
      
        

      

    

    

    and

     

    

    PS
      Natural Gas Co Ltd of 199 Soi Lardprao 23 Rd., Jankasem, Jatujak, Bangkok
      10900

    
      
        

    

    This
      Agreement is made on Friday 8th
      September
      2006

    

    

    Between

    

    GreenGas
      NGV (Asia) Limited – (the “Company”)

    

    and

    

    PS
      Natural Gas Co Ltd – (the ”Licensee”)

    

    

    Recitals:

     

    
      	
              A.  

            	
              The
                Company is the legal representative and/or licensed owner of trademarks,
                patents, trade secrets, copyrights, processes, know-how, registered
                designs and other intellectual property in Thailand for
                the  “HYBRID DIESEL AND NATURAL GAS DUAL-FUEL DELIVERY
                SYSTEM- (HFS)” (hereinafter the
                “Product”).

            

    

    

    The
      name
“HYBRID DIESEL AND NATURAL GAS DUAL-FUEL DELIVERY SYSTEM” will
      be registered in Thailand in both English and Thai Languages.

    

    
      	
              B.  

            	
              The
                Company has agreed to grant to the Licensee a licence to use and
                exploit
                the Product.

            

    

     

    Operative
      Provisions:

     

    
      	
              1.  

            	
              INTERPRETATION

            

    

     

    
      	
              1.1  

            	
              Definitions

            

    

     

    “Product”
      means the “HYBRID DIESEL AND NATURAL GAS
      DUAL-FUEL DELIVERY SYSTEM- (HFS)”, as designed, patented and registered
      by “United States Energy Initiatives Inc” (HFS) to the Company
      for licensing in Thailand.

    

    “Term”
      means the period of time during which this Agreement Is In force as provided
      for
      in Clause 14.1.

     

    “Territory”
      means all jurisdictions known as the Kingdom of Thailand and all territories
      associated with the Kingdom of Thailand.

     

     

    
      	
              2.  

            	
              Grant
                of Licence

            

    

     

    
      	
              2.1  

            	
              Licence
                granted by the Company

            

    

     

    During
      the Term, the Company grants to the Licensee:

     

    
      	
              (a)  

            	
              An
                exclusive licence of the Company’s technology to market and sell the
                Product in the Territory; and

            

    

     

    
      	
              (b)  

            	
              An
                exclusive right and licence to use the technology for installation
                into
                vehicles for which the product has been developed in conjunction
                with the
                marketing strategy of the Licensee. This includes the development
                of
                engines independently developed by the Company and for which the
                Licensee
                is able to use in its sales product
                portfolio.

            

    

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

     

    
      	
              (c)  
                

            	
              The
                license will cover the following
                vehicles:-

            

    

    
      	
              ·  

            	
              Buses
                – shuttle single decker

            

    

    
      	
              ·  

            	
              Buses
                – mini bus and school buses operating on
                diesel

            

    

    
      	
              ·  

            	
              Buses
                – double decker

            

    

    
      	
              ·  

            	
              Buses
                – single decker (doubles)

            

    

    
      	
              ·  

            	
              Buses
                – long distance VIP buses

            

    

    

    
      	
              (d)  
                

            	
              The
                license will cover the following
                activities:-

            

    

    
      	
              ·  

            	
              Sales
                and marketing of the USEI/HFS technology for converting the above
                bus
                profiles

            

    

    
      	
              ·  

            	
              Installation
                of kits and tanks to the bus

            

    

    
      	
              ·  

            	
              Training
                of the Licensee’s engineers

            

    

    
      	
              ·  

            	
              After-market
                service and customer support

            

    

    
      	
              ·  

            	
              Warranty
                administration

            

    

    

    
      	
              (e)  
                

            	
              The
                types of conversion covered by the license are as specified
                below

            

    

    
      	
              ·  

            	
              Dual
                fuel conversion systems – retrofits on secondhand
                vehicles

            

    

    
      	
            	
              a.

            	
              Both
                in and out of warranty

            

    

    
      	
              ·  

            	
              Conversions
                for OEM fitting at factory – the specified product only, where
                applicable

            

    

    
      	
              ·  

            	
              Spare
                parts and service inventory

            

    

    

    

    3.           Consideration

    

    3.1           Licence
      fees

     

    
      	
               

            	
              (a)

            	
              In
                consideration of the grant of the licences contained inn this Agreement,
                the Licensee will pay to the Company the sum of Baht 11,400,000 (eleven
                million four hundred thousand baht, equal to US$ 300,000.00) which
                shall
                be payable according to the schedule set out in Schedule 1 on the
                signing
                hereof.

            

    

     

     

    
      	
               

            	
              (b)

            	
              In
                consideration of the payment of fees, the Company will warrant and
                guarantee the return of the fees at any time in the due payment schedule
                if any of the following shall occur and prevent the conclusion of
                the
                Agreement:

            

    

     

    
      	
               

            	
              i.

            	
              If
                the initial engine supplied to the Company shall not be completed
                and the
                Company acknowledges that it cannot develop a suitable conversion
                system
                for the Mercedes 422, and then the first payment shall be
                returned.

            

    

     

    
      	
               

            	
              a.
                If 3.1.b.i is applicable then the Company shall be liable for the
                shipping
                of the engine back to the Licensee.

            

    

     

    
      	
               

            	
              b.
                If 3.1.b.i is applicable then the engine will be returned to the
                Licensee
                in its original diesel operating
                mode

            

    

     

    
      	
               

            	
              ii.
                If on completion of the engine development and its arrival back in
                the
                Territory, it does not meet the certification requirements of the
                local
                authorities, then the second payment shall not be due and the initial
                payment shall be returned until certification is attained. The
                certification period shall be considered as 60 days from the commencement
                of the trials. See Schedule 1 as relevant to this
                Clause.

            

    

     

    
      	
               

            	
              iii.
                All payments made to the Company that are in advance of any performance
                required by the Company shall be accompanied by a bank reference
                from the
                Company to the Licensee until such performance has been
                attained.

            

    

     

    
      	
               

            	
              iv.
                All fee payments shall be due exclusive of VAT and any other taxes
                at the
                appropriate rate prevailing at the time of
                payment.

            

    

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    4.           Consideration
      (Royalty - Product)

     

    4.1           Royalty
      Rates and Payments

    

    
      	
              1.  

            	
              The
                Company will receive a royalty fee of 10% per unit based on the CIF
                cost
                price of the technology as supplied to the Licensee by the Company
                for the
                base minimum volumes underwritten by
                Licensee.

            

    

    

    
      	
              2.  

            	
              Royalty
                payments for sales of kits above the minimum base volumes will reduce
                to
                7% of the CIF cost price of the technology as supplied to Licensee
                by the
                Company.

            

    

    

    
      	
              3.  

            	
              Royalty
                payments will be settled quarterly in arrears, with an adjustment
                at year
                end where rebates to the Licensee are due. The payment shall be due
                7
                working days after receipt of the invoice for the royalties
                due.

            

    

    

    
      	
              4.  

            	
              All
                payments will be exclusive of VAT and any other taxes at the
                appropriate rate prevailing at the time of
                payment.

            

    

    

    
      	
              5.  

            	
              Interest
                will accrue at a rate of 5.00% above the prevailing MLR, after this
                payment date.

            

    

    

    

    4.2           Currency
      for Royalties

     

    All
      royalties payable to the Company will be calculated in Thai baht in respect
      to
      all purchases of Product made during each quarter of each year of the
      Term.

     

    4.3           Alternative
      currency for payment

     

    If
      at any
      time payment of royalties in Thai Baht is precluded by any governmental action
      or intervention, payment may be made in US$ or other currency as the Company
      and
      the Licensee agree in writing.

     

    4.4           Withholding
      Taxes

     

    If
      the
      Licensee or any licensed party is legally obligated to deduct or withhold any
      tax from any royalty payment to be made to the Company hereunder, the Licensee
      will on request provide the Company with receipts and other evidence from
      relevant revenue authorities which may be required by the Company for its own
      tax affairs.

     

    5.           The
      Company Warrants

     

    The
      Company represents and warrants that:

     

    
      	
               

            	
              (A)

            	
              To
                secure the exclusivity of the licence for bus sales, and conversions
                in
                Thailand the Company will endorse and guarantee to the
                Licensee:

            

    

    

     

    
      	
              (i)  

            	
              Exclusivity
                for all bus industry alternative fuels conversion activities for
                the bus
                industry in Thailand;

            

    

     

    
      	
               

            	
              (ii) 
                

            	
              All
                sales leads obtained by the Company will be provided to the Licensee
                for
                sales processing. There will be no exceptions to this procedure unless
                the
                Licensee requests that alternative conversion capacity is necessary
                to
                meet the client’s order.

            

    

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
 

    
      	
               

            	
               (B)

            	
              It
                is duly authorised to represent and bind that it is the sole and
                exclusive
                legal and beneficial owner or the exclusive licensee of the entire
                right,
                title and interest in the licensed technology;
                and

            

    

     

    
      	
               

            	
              (C)

            	
              It
                has the right and power to grant the rights and licences granted
                in this
                Agreement in particular the licence In respect of the background
                technology.

            

    

     

    
      	
               

            	
              (D)

            	
              To
                the best of its knowledge (after due enquiry) it has not infringed
                any
                right of any other person by the grant of the licences under this
                Agreement.

            

    

     

    
      	
              ·  

            	
              The
                Company will meet in full the cost of developing all kits for specific
                bus
                engines submitted to the Company and that are necessary for the Licensee
                to fulfill their contracted
                volumes.

            

    

    

    (E)           The
      license in this Agreement shall be on an exclusive basis for both
      parties.

    
      	
               

            	
              (i)

            	
              The
                Company will not seek to provide similar technology to the bus industry
                in
                Thailand outside of the agreed framework with the Licensee unless
                subject
                to the prior agreement of the
                Licensee.

            

    

    

    (F)           The
      Company will provide to the Licensee the following services;

    

    
      	
              a.  

            	
              Management
                support through the ‘Partnership
                Manager’

            

    

    
      	
              b.  

            	
              All
                kit purchases will be directly from the Company. All pricing changes
                will
                be advised 60 days in advance of such occurrence, and not more than
                4
                (four) times per annum

            

    

    
      	
              c.  

            	
              Training
                in all areas of engineering and after
                market-servicing

            

    

    
      	
              i.  

            	
              Training
                is for the cost of the Company.

            

    

    
      	
              ii.  

            	
              As
                many trainees as are employees of the Licensee can attend a programme
                for
                the first 6 months in 3 separate
                sessions.

            

    

    
      	
              iii.  

            	
              From
                these sessions the Licensee will appoint persons who will then become
                in-house trainers for the Licensee.  If trained staff leaves the
                Licensee then the Licensee trainer will conduct further courses as
                necessary, at the Licensee’s
                expense.

            

    

    
      	
              iv.  

            	
              The
                Company is responsible for all training materials in English and
                Thai.

            

    

    
      	
              v.  

            	
              The
                Company is responsible for all training programmes, and materials
                updates.
                This includes all manuals for installation, service and owners’
                manuals.

            

    

    
      	
              d.  

            	
              Public
                relations.

            

    

    
      	
              e.  

            	
              Advertising
                programmes and materials.

            

    

    
      	
              f.  

            	
              Promotional
                materials and trade show presence.

            

    

    
      	
              i.  

            	
              The
                Company will support with literature, promotional material and other
                expense subject to discussions with the Licensee. The Company expects
                to
                be a major partner on all events, and will contribute
                accordingly.

            

    

    
      	
              g.  

            	
              All
                necessary manuals for installation of kits and
                tanks.

            

    

    
      	
              h.  

            	
              Manuals
                for maintenance and servicing.

            

    

    
      	
              i.  

            	
              Warranty
                administration – with a registration of warranty condition and
                guarantee.

            

    

    
      	
              i.  

            	
              There
                are different warranty conditions

            

    

    
      	
              i.  

            	
              New
                OEM buses

            

    

    
      	
              1.  

            	
              200,000
                kms or 2 years, whichever is reached
                first

            

    

    
      	
              ii.  

            	
              Buses
                still in OEM warranty period

            

    

    
      	
              1.  

            	
              The
                Company will match the remaining warranty on the OEM warranty or
                iii below
                if this warranty option is longer than the remaining period from
                the
                OEM

            

    

    
      	
              iii.  

            	
              Buses
                out of warranty and accepted for
                conversion

            

    

    
    

     

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
 

    
      	
              1.  

            	
              100,000
                kms or I year, unless the owner wants to
                extend.

            

    

    
      	
              ii.  

            	
              The
                warranty administration is attached in the schedules. A copy is attached
                here for review. It is a process
                schedule.

            

    

    
      	
              iii.  

            	
              The
                Licensee will do the work and charge the Company for the work
                done.

            

    

    
      	
              iv.  

            	
              The
                Company is responsible for all claims administration and for the
                payment
                of the all the Licensee costs. There is no cost whatsoever to the
                Licensee.

            

    

    
      	
              v.  

            	
              If
                a warranty claim is found to be caused by a faulty installation,
                then the
                Licensee will be responsible for all costs associated with this
                remedy.

            

    

    
      	
              j.  

            	
              A
                fully staffed help desk will be provided by the Company to support
                the
                customer service capability of the Licensee, see Schedule
                8.

            

    

    
      	
              i.  

            	
              The
                Company is developing a call-centre incorporating a GPS and online
                system.
                The Company anticipates this to be complete by the end of the fourth
                quarter 2006.

            

    

    
      	
              ii.  

            	
              The
                call centre will operate test runs as part of the demonstration exercise
                of the first engine developed and trialled in November-December
                2006.

            

    

    
      	
              k.  

            	
              Parts
                inventory delivered to the Licensee will be to mutually agreed schedules
                as are determined by regular meetings between the Company and the
                Licensee.

            

    

    
      	
              l.  

            	
              The
                Company will establish a reporting system for all ‘kit’ purchasing
                procedures, as well as a meetings schedule for both parties to enable
                efficient management of the project to
                proceed.

            

    

    

    
      	
               

            	
              (G)

            	
              Both
                parties will work jointly in a concerted manner to develop effective
                sales
                and marketing programmes.

            

    

    

    
      	
               

            	
              a.

            	
              The
                Licensee is the arbiter in the marketing strategy, and shall make
                use of
                the input of the Company as requested and as provided from time to
                time.

            

    

    
      	
               

            	
              b.

            	
              Where
                the Company introduces an independently sourced client that provides
                an
                order to convert their buses, then a sales commission of baht 16,000
                per
                vehicle will be paid to the Company on completion of the
                conversion.

            

    

    
      	
               

            	
              (i)

            	
              This
                shall only apply to those introductions made in the first year for
                the
                licence.

            

    

    
      	
               

            	
              (ii)

            	
              Payment
                shall only be due for commission when full receipt of the conversion
                has
                been received by the Licensee.

            

    

    

    
      	
               

            	
              c.

            	
              It
                is the responsibility of the parties to jointly organize and promote
                the
                product and its attributes.

            

    

    
      	
               

            	
              i.

            	
              The
                Company will provide all technical materials as reasonably requested
                by
                the Licensee.

            

    

    
      	
               

            	
              ii.

            	
              The
                Company will participate in all trade and industry events as reasonably
                requested by the Licensee.

            

    

    
      	
               

            	 

    

    

    6.           Licence
      Volumes and Pricing

    

    
      	
               

            	
              (A)Volumes

            

    

     

    
      	
               

            	
              (i)

            	
              This
                licence is based on a minimum sales volume over 5 years underwritten
                by
                the Licensee of 10,000 bus conversions with annual targets as detailed
                below. A quarterly breakdown is shown in Schedule
                3.

            

    

     

    The
      number of kits ordered and delivered shall the basis of the volume targets.
      The
      commencement for analysis purposes will be the date on which the approval
      certificate is received from the Thai regulatory authorities and provided to
      the
      Licensee.

     

    
      	 	·  Yr
              One                         	500	 
	 	·  Yr
              Two  	1,800	 
	 	·  Yr
              Three	2,400	 
	 	·  Yr
              Four 	2,500	 
	 	·  Yr
              Five	 2,800	 
	 	TOTAL	10,000
              units for the 5-year period.	 

    

     

                   
      

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

                                                                                        

    

    
      	
              (ii)  

            	
              In
                the event that the Licensee does not meet the quarterly volume schedule,
                and has not advised the Company of the anticipated shortfall in product
                purchase, then the minimum royalty due for that quarter will be
                due.

            

    

     

    
      	
              (iii)  

            	
              In
                the event that the Licensee has advised of market circumstances that
                are
                likely to cause minimum volume purchases to be short of the scheduled
                volumes, then the Company will allow for the shortfall to be carried
                over
                to the subsequent quarter volume
                requirements.

            

    

     

    
      	
              (iv)  

            	
              At
                the end of the year in question, the actual volume purchased in the
                relevant time period, shall be taken as the definitive volume for
                royalty
                payments purposes.

            

    

     

    
      	
              (v)  

            	
              If
                the actual scheduled volumes are exceeded then the royalty on the
                excess
                volumes will be reduced to 7.00% (seven per
                cent).

            

    

     

    
      	
               

            	
              (vi)

            	
              If
                the scheduled volume is not met then the actual number of units over
                the
                annual schedule period, will be used for the royalty payment
                due.

            

    

     

    

    
      	
               

            	
              (vii)

            	
              No
                carry over from year to year will be allowed without the written
                agreement
                of the Company.

            

    

    

    
      	
              (B)
                

            	
              Pricing

            

    

    
      	
               

            	
              The
                Company will supply the HFS kits at an agreed pricing schedule to
                the
                Licensee.

            

    

    

    
      	
               

            	
              A
                schedule of recommended retail pricing (less the cost of tanks and
                installation) is detailed in Schedule
                4.

            

    

    

    
      	
              (i)  

            	
              Pricing
                to the Licensee will be at a price currently set at Baht 216,000
                (two
                hundred and sixteen thousand baht) and any review shall be predicated
                by
                60 days’ notice by the Company to the
                Licensee.

            

    

    
      	
              1.  

            	
              Where
                price reductions can be made through efficient procurement, then
                such
                price reductions shall be passed onto the Licensee with immediate
                effect.

            

    

    
      	
              2.  

            	
              All
                price changes will be notified to the Licensee in
                writing.

            

    

    

    
      	
               

            	
              (ii)

            	
              The
                Company is responsible for all packing, international and domestic
                freight
                charges and insurance as
                applicable.

            

    

    
      	
              i.  

            	
              Where
                the Company can provide components sourced in Thailand to a certified
                and
                approved regulatory standard (ISO 15500 or UNECE-R110), then it will
                include these and notify the Licensee of the appropriate certifications
                met and as approved by the appropriate regulatory
                body.

            

    

    
      	
               

            	
               (iii)

            	
              The
                Company is responsible for all warranty administration and cost recovery
                on behalf of the Licensee

            

    

    

    

    
      	
               

            	
              (iv)

            	
              Discounts
                will apply to individual orders of any mix of engines. The discount
                criteria are as follows

            

    

    
      	
              ii.  

            	
              1-29
                –
                units                                    no
                discount

            

    

    
      	
              iii.  

            	
              30-59
                –
                units                                
                10% discount

            

    

    
      	
              iv.  

            	
              60-99
                –
                units                                
                15% discount

            

    

    
      	
              v.  

            	
              100+  -
                units                                
                25% discount

            

    

     

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
 

    
      	
              (vi)  

            	
              The
                Licensee must advise at all times to the Company the retail price
                and all
                periodic changes to its clients. This report is required on a minimum
                monthly basis

            

    

     

    
      	
              (vii)  

            	
              A
                bank guarantee to the value of the full amount of the purchase order
                shall
                be provided to the Company with the purchase order. The full amount
                of
                payment is due within 30 days of delivery. Delivery will be within
                60 days
                of confirmed order.

            

    

     

    7.           The
      Licensee warrants

    

    
      	
              7.1

            	
              (A)

            	
              The
                License Agreement shall be on an exclusive basis for both
                parties.

            

    

    

    
      	
               

            	
              (B)

            	
              The
                Licensee warrants that it will guarantee to make best efforts to
                sell the
                minimum licence volumes detailed in Schedule 4. See clause for exceptional
                circumstances in handling variations to the scheduled
                volumes.

            

    

    

    
      	
               

            	
              (C)

            	
              The
                Licensee will not offer any other alternative dual fuel technology
                to the
                bus industry in Thailand without the prior consent of the
                Company.

            

    

    

    
      	
               

            	
              (D)

            	
              Where
                the Licensee can introduce components that it believes will meet
                all
                regulatory standards, and that will be suitable for functional purposes,
                then the following procedure must be adhered to without
                exception.

            

    

    

    i           The
      component must be delivered to the Company with

    a.         Drawings

    b.         Relevant
      certifications

    c.         Manufacturers’
      references and source location

    d.         Cost
      per piece in a range of volumes.

    
      	
              ii.  

            	
              The
                Company will have the component independently tested for functionality
                at
                the product development centre (USEI/HFS), and if accepted, it will
                issue
                a letter to confirm acceptance.

            

    

    
      	
              iii.  

            	
              Under
                no circumstances will the components be used for trials purposes
                without
                the written permission of the
                Company.

            

    

    
      	
              iv.  

            	
              If
                and where testing conditions are permitted, then the Company will
                be the
                final arbiter in any decision to proceed with its
                use.

            

    

    
      	
              v.  

            	
              The
                Licensee will be responsible for obtaining any certifications required
                by
                the authorities in the territory.

            

    

     

    8.           Records

     

    

    8.1           Maintenance
      of Records

     

    The
      Licensee must keep records showing purchase of Products under its rights and
      the
      licence granted in this Agreement in sufficient detail to enable the Company
      to
      confirm and match all transactions for kits purchased and buses
      converted

    9.0           Sub-Licence

     

    9.1           Right
      to Sub-License

     

    The
      Licensee may NOT grant licences and sub-licences of the licensed technology
      on
      any terms and conditions other than where an expressed and written approval
      by
      the Company is received prior to the award of such sub-licences.

     

    9.2           Partial
      Assignment

     

    The
      Licensee may assign is rights and obligations under this Agreement to an
      affiliate.  Such assignment will be effective with the consent of the
      Company, but must be in writing, must bind the assignee to perform the terms
      of
      the licence, and notice must be given to the Company.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    10.           Licensed
      Know-How and other Matters

     

    
      	
              10.1

            	
              Promptly
                following the execution of this Agreement the Company will provide
                the
                Licensee with any and all background technology and licensed know-how
                not
                already within its knowledge, possession or
                control.

            

    

     

    
      	
              10.2

            	
              Promptly
                following the execution of this Agreement and then during the Term
                of this
                Agreement as required by the Licensee the Company will provide the
                Licensee with all such training of the Licensee’s personnel in relation to
                the Products and processes as is reasonably necessary in the circumstances
                on a reasonable cost basis to be agreed between the Company and the
                Licensee.

            

    

     

    
      	
              11.

            	
              [Reserved]

            

    

     

     

    12.           Patent
      Maintenance

     

    12.1           The
      Company’s Responsibility

     

    The
      Company will be responsible for the ongoing maintenance and renewal of the
      licensed patents, and will pursue the grant and registration of all patent
      applications in respect of licensed patents with all due
      diligence.  In particular the Company must not allow any licensed
      patents to lapse or do or omit to do anything within its reasonable control,
      which causes the licensed patents to become unregistered without the prior
      written consent of the Licensee.

     

    13.           Indemnity

     

    The
      Licensee hereby releases and indemnifies the Company against any and all
      liability, costs, claims and expenses arising from or in respect of the Products
      or processes or the exploitation thereof.

     

     

    14.           Term
      and Termination

     

    
      	
              14.1

            	
              Term

            

    

     

    
      	
              (a)  

            	
              Subject
                to this Clause, this Agreement will remain in full force and effect
                for a
                period commencing on the date of this Agreement and continuing until
                the
                expiration of a period of 5 years from the date on which any Product
                is
                first registered and able to be supplied by way of sale in the
                Territory.

            

    

     

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    14.2           Termination

     

    
      	
               

            	
              (a)

            	
              Where
                either the Company or the Licensee is declared under receivership
                or is
                placed into administration, then this licence will automatically
                be deemed
                cancelled. All monies due to the Company shall be regarded as a secured
                liability for purposes of the administration settlement. The Licensee
                shall have the right to purchase outstanding stock from the Company
                for
                orders not completed. Such stock shall be purchased at the contract
                price
                and not in any way discounted from the unit order
                value.

            

    

     

    
      	
               

            	
              (b)

            	
              Termination
                of this Agreement with respect to the Territory will not affect any
                other
                rights or obligations of a Party that may have accrued prior to
                termination with respect to the
                Territory.

            

    

     

    
      	
               

            	
              (c)

            	
              Following
                termination of this Agreement and save in respect of acts of default
                committed by either Party prior to termination, neither Party will
                in any
                way be prejudiced for having terminated this
                Agreement.

            

    

     

    
      	
               

            	
              (d)

            	
              This
                Agreement may be terminated by the Company by 90 days’ notice in writing
                to the Licensee (the Agreement to expire on termination of the notice)
                if:

            

    

     

    
      	
               

            	
              (ii)

            	
              In
                the case of royalties or other sums due to the Company, the Licensee
                has
                not paid the same within 30 days of a demand in writing
                therefore;

            

    

     

    
      	
               

            	
              (iii)

            	
              In
                the case of a breach by the Licensee of any other obligation of the
                Licensee to the Company, the Licensee has failed to remedy the same
                or
                provide adequate pecuniary compensation to the Company within 30
                days of a
                notice from the Company to the Licensee specifying the breach and
                requiring it to be remedied.

            

    

     

    
      	
               

            	
              (e)

            	
              This
                Agreement may be terminated by the Licensee by 90 days’ notice in writing
                to the Company (the Agreement to expire on termination of the notice)
                if
                the Company has failed to remedy a breach by the Company of any obligation
                of the Company to the Licensee, or provide adequate pecuniary compensation
                to the Licensee in respect of such breach within 30 days of a notice
                from
                the Licensee to the Company specifying the breach and requiring it
                to be
                remedied.

            

    

     

    
      	
               

            	
              (f)

            	
              Termination
                will not occur until the disputes procedure has been completed and
                the
                arbitration mechanism handles the closure if
                necessary.

            

    

    

    
      	
               

            	
              (g)

            	
              Termination
                effected for non-compliance with the Agreement or breaking the terms
                of
                the licence will be handled as a dispute. The parties will endeavour
                to
                ensure that there are no insoluble matters. Talking and good communication
                shall be the mutually prudent approach at all
                times

            

    

     

    15.           Supplementary
      Documents

     

    The
      Parties will execute all licences for registration (containing terms not
      inconsistent with the provisions of this Agreement) as the Company may request
      be executed in respect of any other country from time to time.

     

    16.           Warranties

     

    16.1           Mutual
      Warranties

     

    Each
      Party represents and warrants to the other Party that (except as expressly
      disclosed in this Agreement or consented to by the other Party) as
      follows:

     

    
      	
               

            	
              (A)

            	
              It
                is a corporation duly incorporated and validly existing under the
                laws of
                the Thailand;

            

    

     

    
      	
               

            	
              (B)

            	
              It
                has the power to enter into and perform its obligations under this
                Agreement, to carry out the transactions contemplated by this Agreement
                and to carry on its business as now conducted or
                contemplated;

            

    

     

    
      	
               

            	
              (C)

            	
              It
                has taken all necessary corporate action to authorise the entry into
                and
                performance of this Agreement to which it is expressed to be a Party
                and
                to carry out the transactions contemplated by those
                documents;

            

    

     

    
      	
               

            	
              (D)

            	
              This
                Agreement is its valid and binding obligation enforceable in accordance
                with its terms, subject to any necessary stamping and
                registration;

            

    

     

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

     

    
      	
               

            	
              (E)

            	
              The
                execution and performance by it of this Agreement and each transaction
                contemplated under this Agreement does not and will not violate in
                any
                respect a provision of:

            

    

     

    
      	
               

            	
              (i)

            	
              A
                law or treaty or a judgment, ruling, order or decree of a government
                or
                governmental agency binding on it;

            

    

     

    
      	
               

            	
              (ii)

            	
              Its
                Memorandum or Articles of Association or other constituent documents;
                or

            

    

     

    
      	
            	
              (iii)

            	
              Any
                other document or agreement which is binding on it or its
                assets;

            

    

     

    
      	
               

            	
              (F)

            	
              All
                authorisations by a governmental agency that are required or will
                be
                required concerning this Agreement including its execution and delivery,
                performance of obligations and its validity or enforceability have
                been
                obtained and are or will be in full force and
                effect;

            

    

     

    
      	
               

            	
              (G)

            	
              There
                is no litigation, arbitration or administrative proceedings taking
                place,
                pending or, to its knowledge, threatened against it as at the date
                of this
                Agreement which could have a material adverse effect on its ability
                to
                perform under this Agreement; and

            

    

     

    
      	
               

            	
              (H)

            	
              It
                will as soon as practicable notify the other Party of the occurrence
                of,
                or pending or threatened occurrence of, any event that may cause
                or be a
                material breach of any acknowledgment, representation, warranty or
                covenant in this Agreement or of any event that could have a material
                adverse effect on its ability to perform before this
                Agreement.

            

    

     

     

    17.           Indemnities

     

    
      	
              17.1

            	
              Indemnity
                by the Licensee

            

    

     

    The
      Licensee must indemnify the Company and its representatives against all loss
      arising directly as a result of:

     

    (A)           Any
      breach of this Agreement by the Licensee; and

     

    
      	
               

            	
              (B)

            	
              Any
                unlawful, negligent or reckless act or omission of the Licensee or
                its
                representative relating to the performance of this
                Agreement.

            

    

     

    
      	
              17.2

            	
              Indemnity
                by the Company

            

    

     

    The
      Company fully indemnifies the Licensee and its representative against all loss
      arising directly as a result of:

     

    (A)           Any
      breach of this Agreement by the Company; and

     

    
      	
               

            	
              (B)

            	
              Any
                unlawful, negligent or reckless act or omission of the Company or
                its
                representative in the performance of this
                Agreement.

            

    

     

    
      	
              17.3

            	
              General
                Provisions Applicable to
                Indemnities

            

    

     

    Each
      indemnity in this Clause:

     

    
      	
               

            	
              (A)

            	
              Operates
                whether or not the loss arises directly or indirectly as a result
                of
                negligence or deliberately wrongful act or omission, breach of duty,
                breach of statute or otherwise;

            

    

     

    
      	
               

            	
              (B)

            	
              May
                be enforced by the Party entitled to the benefit of the indemnity
                before
                incurring any expense or making any payment to any
                person;

            

    

     

    
      	
               

            	
              (C)

            	
              Does
                not negate the obligation of the Party having the benefit of the
                indemnity
                to mitigate its losses; and

            

    

     

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    
      	
               

            	
              (D)

            	
              Is
                a continuing obligation on each Party, separate and independent of
                any
                other obligation.

            

    

     

    
      	
               

            	
              (E)

            	
              The
                Company will provide public insurance cover in the sum of US$ 10,000,000
                (ten million dollars), and product liability insurance in the sum
                of US$
                20,000,000 (twenty million
                dollars).

            

    

     

    18.           Notices

     

    
      	
              18.1

            	
              Form
                of Notice

            

    

     

    A
      notice,
      approval, consent or other communication (“Notice”) from one
      Party to another Party (“Recipient”) must be in writing and
      must be signed by a person authorised by the Party giving the
      Notice.

     

    
      	
              18.2

            	
              Manner
                of Service

            

    

     

    A
      Notice
      must be served by:

     

    
      	
               

            	
              (A)

            	
              Leaving
                it at the Recipient's address where a receipt must be obtained from
                the
                receiving party

            

    

     

    
      	
              18.3

            	
              Address
                for Service

            

    

     

    The
      following details are the Parties’ addresses and facsimile number for service
      until other details are specified by that Party:

     

    The
      Company

     

    Address:
      GreenGas NGV (Asia) Limited of 11fl, Kian Gwan Building
‘B’, 138-152 Wireless Road, Lumpinee, Patumwan, Bangkok, 10330,
      Thailand

     

    Telephone;
      02-651-4108

     

                  
      Attention: Robin Hughes             Chief
      Executive Officer

     

    The
      Licensee

     

    Address:   PS
      Natural Gas Co Ltd of 199 Soi Lardprao, Jatujak Bangkok 10900

    

     

                   
      Telephone:  02-513-7455

     

    Attention:  Dr.
      Phongthara
      Vichitvejpaisal           Chairman

    

    18.4           Time
      of Service

     

    A
      letter
      is taken to be served:

     

    
      	
               

            	
              (A)

            	
              For
                a delivered letter, on the day of delivery. If delivery is made on
                a day
                that is not a business day or after 4:30 P.M. on a business day,
                it must
                be served on the next business day.

            

    

     

     

    19.           Confidentiality

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    
      	
              19.1

            	
              Permitted
                Uses

            

    

     

    Each
      Party may only use the confidential information of the other Party to the extent
      necessary to enable the Party to perform its obligations under this
      Agreement.

     

    
      	
              19.2

            	
              Excluded
                Information

            

    

     

    In
      this
Clause 19, confidential information does not include any
      information which the receiving Party can prove:

     

    (A)           Was
      in the public domain when it was disclosed to the receiving Party;

     

    
      	
               

            	
              (B)

            	
              Becomes
                part of the public domain after being disclosed to the receiving
                Party,
                except by being disclosed contrary to this
                Agreement;

            

    

     

    
      	
               

            	
              (C)

            	
              Was
                already in the receiving Party's possession when it was disclosed
                to the
                receiving Party and was not otherwise acquired from the other Party
                directly or indirectly; or

            

    

     

    
      	
               

            	
              (D)

            	
              Was
                lawfully disclosed to the receiving Party by a third party having
                the
                legal right to disclose that information without requiring
                confidentiality.

            

    

     

    
      	
               

            	
              (E)

            	
              Before
                the receiving Party discloses information which it alleges is no
                longer or
                never was confidential information, the receiving Party must give
                the
                other Party 10 business days’ Notice of the proposed disclosure and the
                reasons for the same.

            

    

    

    
      	
              19.3

            	
              Compulsory
                Disclosures

            

    

     

    The
      confidentiality obligations in this Clause 19 do not apply to a
      receiving Party if a court, tribunal, authority or regulatory body lawfully
      requires the receiving Party to disclose any confidential information of the
      other Party.  However, before a Party discloses that confidential
      information, it must give the other Party reasonable Notice to enable that
      other
      Party to seek a protective court order or other remedy in respect of the
      confidential information, and it must provide the other Party with all
      assistance and co-operation necessary to do this.

     

    20.           Confidentiality
      of Agreement

     

    The
      Parties must maintain absolute confidentiality concerning the existence and
      subject matter of this Agreement.  No public announcement or
      communication relating to the negotiations of the Parties or the existence,
      subject matter or provisions of this Agreement may be made or authorised by
      a
      Party without the prior written approval of the other Party.  However,
      a Party may make a disclosure in relation to this Agreement:

     

    
      	
               

            	
              (A)

            	
              To
                its professional adviser, banker, financial adviser or financier
                after
                those persons promise to keep confidential any information so disclosed;
                or

            

    

     

    (B)           To
      comply with an applicable law or requirement of a regulatory body.

     

    
      	
              20.1

            	
              Return
                of Confidential
                Information

            

    

     

    Each
      Party agrees that it will deliver to the other Party any and all materials
      containing or embodying that other Party's confidential information and any
      copies at the earlier date of:

     

    (A)           The
      other Party’s request; or

     

    (B)           Termination
      or expiration of this Agreement.

     

    
      	
              21.

            	
              Force
                Majeure

            

    

     

    
      	
              21.1

            	
              Party
                Not Liable

            

    

     

    Where
      a
      Party is required under this Agreement to perform an obligation or do any act
      or
      thing by a designated time or date (except an obligation to make a payment)
      (“Obligation”), The Party is not liable for any delay in
      performing or failing to perform an Obligation if the delay or failure arises
      from force majeure and that Party has complied with this Clause.

     

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    
      	
              21.2

            	
              Notice
                of Force
                Majeure

            

    

     

    A
      Party
      who claims force majeure must:

     

    
      	
               

            	
              (A)

            	
              Give
                the other Party prompt Notice of the force majeure with reasonably
                full
                particulars and an estimate of the extent and duration of its delay
                or
                inability to perform; and

            

    

     

    (B)           Use
      all possible diligence to remove the force majeure as quickly as
      possible.

     

    
      	
              21.3

            	
              Termination
                in Case of Force Majeure

            

    

     

    If
      the
      delay continues beyond 10 business days after the Notice given under
Clause 19.2, the Parties must meet to discuss in good faith a
      mutually satisfactory resolution of the problem.  If they are unable
      to achieve such a resolution within a further 10 business days, either Party
      may
      terminate this Agreement by giving 5 business days’ prior written Notice to the
      other.

     

    
      	
              22.

            	
              Disputes

            

    

     

    
      	
              22.1

            	
              In
                the event of any dispute, claim, question or controversy between
                the
                Parties the Parties will first promptly meet to discuss the dispute
                and to
                negotiate diligently and in good faith an equitable
                resolution.  If the Parties, despite good faith and diligent
                negotiations by Parties, are unable to agree upon a resolution, then
                the
                Parties will attempt to resolve the dispute through a mutually agreed
                upon
                dispute resolution mechanism.

            

    

     

    
      	
              22.2

            	
              Arbitration
                will in the first instance be conducted by two recognised mediation
                attorneys, one of each to be appointed by each Party, and whose decision
                will be submitted to both Parties but not
                binding.

            

    

     

    
      	
              22.3

            	
              Arbitration
                as a last resort will be conducted by the International Chamber of
                Commerce in Thailand, whose decision shall be binding on both
                Parties.

            

    

     

    
      	
              22.4

            	
              In
                all cases above where disputes involve third parties, the parties
                will
                bear their own costs irrespective of the outcome of any settlement
                awarded.

            

    

     

    
      	
              23.

            	
              Miscellaneous

            

    

     

    
      	
              23.1

            	
              Severance

            

    

     

    If
      a
      provision of this Agreement or its application to any person or circumstance
      is
      or becomes invalid, illegal or unenforceable then the provision must, as far
      as
      possible, be interpreted as narrowly as possible to ensure that it is not
      illegal, invalid or unenforceable.  If any provision or part of it
      cannot be so interpreted, then the provision or its part is taken to be void
      and
      severable.  The remaining provisions of this Agreement are not
      affected or impaired in any way.

     

    
      	
              23.3

            	
              Relationship
                of Parties

            

    

     

    This
      Agreement may not be construed so as to place any Party in the relationship
      of
      principal, employee, agent, partner, joint venturer or legal representative
      of
      any other Party.  The Parties expressly agree and acknowledge that
      each Party is an independent contracting Party and does not, unless expressly
      provided, have the authority or power for or on behalf of any other Party to
      enter into a contract, incur debts, accept money, assume any obligations or
      make
      any warranties or representations.

     

    
      	
              23.4

            	
              Proper
                Law

            

    

     

    This
      Agreement is construed according to and is governed by the laws of the Kingdom
      of Thailand.

     

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    
      	
              23.5

            	
              Variation

            

    

     

    A
      modification, alteration, change or variation of a term or condition of this
      Agreement must be in writing and executed by all Parties.

     

    
      	
              23.6

            	
              Affiliates’
                Actions

            

    

     

    Each
      Party will ensure that none of its affiliates takes any action which is
      inconsistent with that Party’s obligations under this Agreement, or which if it
      was done or not done under this Agreement by that Party would amount to a breach
      of this Agreement by that Party.

     

    
      	
              23.7

            	
              Further
                Documents

            

    

     

    Each
      Party agrees that, on the request of the other Party, it will immediately
      execute and deliver all instruments and agreements and take all other actions
      as
      the other Party may reasonably request from time to time to give effect to
      the
      provisions and purposes of this Agreement.

     

    
      	
              23.8

            	
              Costs
                and Tax

            

    

     

    Each
      Party must pay its own costs and expenses in relation to the negotiation,
      preparation, execution, delivery, stamping and registration, completion,
      variation and discharge of this Agreement.

     

    
      	
              23.9

            	
              Counterparts

            

    

     

    This
      Agreement may be executed in counterparts and by the Parties on separate or
      the
      same counterparts.  Each counterpart is taken to be an original, but
      all of them make up the same instrument.

     

    
      	
              23.10

            	
              Entire
                Agreement

            

    

     

    This
      Agreement is the entire agreement between the Parties concerning the subject
      matter of this Agreement.  Any prior arrangement, agreement,
      representation or undertaking is superseded and, except as expressly provided,
      each Party acknowledges that it has not relied on any arrangement, agreement,
      representation or understanding not expressly set out in this
      Agreement.

     

    
      	
              23.11

            	
              This
                Agreement shall be provided to both Parties in both the Thai and
                English
                languages.

            

    

     

    

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    

     

    Executed
      as an Agreement.

     

    

    
      	
              The
                Common Seal ofGreenGas NGV (Asia)
                Limited

              Is
                affixed in accordance with its Articles of Association in the presence
                of:

            	 	
              )

              )

              )

              )

            	 
	
              Chief
                Executive Officer

            	 	
              Robin
                Graham Hughes

            	 
	 	 	 	 
	 	 	 	 
	
              Chief
                Operating Officer

            	 	
              Neil
                McCann

            	 

    

    

    

    

    

    
      	
              The
                Common Seal of

              PS
                NATURAL GAS CO LTD

              Is
                affixed in accordance with its Articles of Association in the presence
                of:

            	 	
              )

              )

              )

              )

            	 
	
              Chairman

            	 	
              Dr.
                Phongthara Vichitvejpaisal

            	 
	 	 	 	 
	 	 	 	 
	
              Director/Secretary

            	 	
              (Name
                Printed)

            	 

    

    

    

    

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

     

    
      List
        of schedules

       

      
        	
                Schedule
                  1 

              	
                Fee
                  payments and
                  other financial schedules, bank details for
                  payments

              

      

       

      
        	
                Schedule
                  2     

              	
                Licensed
                  patents

              

      

       

      
        	
                Schedule
                  3

              	
                Marketing
                  materials and other literature (CDROM) to be maintained and developed
                  during the course of the
                  licence

              

      

       

      
        	
                Schedule
                  4

              	
                Volumes
                  and Pricing

              

      

       

      
        	
                Schedule
                  5 

              	
                Warranty
                  administration

              

      

       

      
        	
                Schedule
                  6

              	
                Products
                  and
                  Processes

              

      

       

      
        	
                Schedule
                  7  

              	
                Memorandum
                  and
                  Articles of Association

              

      

       

      
        	
                Schedule
                  8  

              	
                Call
                  centre
                  assistance

              

      

       

       

       

      16ex1027.htm

    Exhibit
      10.27

     

    MEMO
      OF UNDERSTANDING

     

    This
      Memo
      of Understanding is entered into as of June, 9th, 2006 (“Effective
      Date”) by and between:-

     

    
      	
              1.  

            	
              General
                Motors (Thailand) Co., Ltd. (GMTH), Address: Eastern Seaboard
                Industrial Estate 111/1 Moo 4 , Pluakdaeng , Rayong 21140 .
                Thailand

            

    

    

    
      	
              2.  

            	
              Chevrolet
                Sales Thailand Co., Ltd. (CST), Address: 555 Rasa Tower , 21st
                Floor , Room 2101 – 2104 , Phaholyotin Rd., Chatuchak , Bangkok ,
                10900.

            

    

    

    
      	
              3.  

            	
              Hybrid
                Fuel System , Inc.  (HFS), Address : 2701 N. Rocky
                Point Drive Suite 352,Tampa, Florida US.
                33607.

            

    

    

    
      	
              1.  

            	
              SCOPE
                OF THIS MOU

            

    

     

    GMTH
      recommend HFS to be a supplier of the CNG Diesel Bi-Fuel Technology for
      Chevrolet Colorado C190 MY 2007 2.5L.

    

    GMTH
      recognize and accept the condition
      as stated in Appendix A which is Hybrid Fuel System Response to General Motors
      Thailand Colorado Diesel/CNG Pickup Quotation Request Letter, dated May 24th, 2006 with
      the
      following additions/changes.

    

    2.1.0---Dealer
      names do not need to be provided by GMTh to HFS prior to the award of the
      contract.

    

    2.1.2---HFS
      will be not only the manufacturer of record but also CNG Diesel system (ECM
      and
      fuel tank/cover, etc.) designer.

    

    2.2.0---Deliverables
      must include owner's manual literature.  Also, the CNG system must
      include tank and cover design.

    

    2.3.0---CST
      Dealers are responsible for all costs associated with the transportation of
      the
      base vehicle.

    

    2.3.0---HFS
      shall ensure that the Diesel CNG emission will comply to Euro III
      specification.

    

    2.4.1---Final
      certification for all components shall be available prior to the SORP
      date.

    

    2.9.2---Total
      Price for CNG package is 110,361 THB, (2,864.05 USD). HFS shall provide an
      annual cost reduction at 5%, for 3 years. Any changes to the condition shall
      be
      mutually agreed between GMTH and HFS.

    

    Section
      9---refer to Appendix C (CNG Timing, dated June 6th,
      2006)

    

    Section
      12--- HFS is responsible for designing the ECM system, complete fuel system,
      tank installation, bracket, and tank cover. Changes to CNG Diesel Bi-fuel
      system, product and manufacturing process shall be approved by
      GMTH.

    

    

    
      	
              2.  

            	
              GENERAL
                TERMS AND CONDITIONS

            

    

     

    HFS
      shall
      follow GMTH Purchasing General Terms and Conditions as stated in the Appendix
      B.

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
 

    
      	
              3.  

            	
              EXCLUSIVITY

            

    

    GMTH
      will
      own the calibration and application design of the HFS system as developed by
      HFS
      for GMTH for the C190 Colorado pickup equipped with the 2.5L. Isuzu engine
      equipped with the components developed by HFS for this program and demonstrated
      on the test vehicles in Thailand. This calibration shall not be applied to
      I190
      DMAX.

    

    
      	
              4.  

            	
              WARRANTY

            

    

    As
      per
      CST requirement, HFS to the warranty terms of 100,000 Kms / 3 Years whichever
      comes first. HFS shall be responsible to support any customer complaints /
      warranty claims arising during service period of the product supplied by HFS
      to
      CST’s dealer.

    HFS
      shall
      ensure that every customer complaint / defective unit provided by GMTH & CST
      is serviced / repaired and returned to respective GMTH & CST team within 2
      days.

    

    
      	
              5.  

            	
              BUSINESS
                MODEL

            

    

    
      	
              1.  

            	
              GM
                to issue MOU to HFS to establish the program an
                price.

            

    

    
      	
              2.  

            	
              CST’s
                dealer will issue a PO and deliver vehicle to SSM for CNG Kit
                installation

            

    

    
      	
              3.  

            	
              SSM
                will issue an invoice and deliver CNG Vehicle to CST’s dealer after
                installation completion.

            

    

    
      	
              4.  

            	
              CST’s
                dealer pay to SSM

            

    

    

    Notes:

    1).
      SSM
      shall maintain adequate stock to support a turn around time of 3 days after
      receiving a vehicle from dealer.

    2).
      Deliver from HFS to dealer shall include certificate/card for customer to
      purchase CNG.

     

    In
      witness whereof General Motors (Thailand) Co., Ltd, Chevrolet Sales Thailand
      Co., Ltd and Hybrid Fuel, Inc have caused this MOU to be executed in duplicate
      by their authorized representatives.

     

    
      	GENERAL
              MOTORS (THAILAND), LTD 	 	HYBRID
              FUEL SYSTEM, INC 
	 	 	 
	Signature: 	 	Signature:  
	 	 	 
	Name: 	 	Name:
	 	 	 
	Title: 	 	Title:
	 	 	 
	Date:  	 	Date:  
	 	 	 
	 	 	 
	CHEVROLET
              SALES THAILAND, LTD	 	 
	 	 	 
	Signature: 	 	 
	 	 	 
	Name:	 	 
	 	 	 
	Title:	 	 
	 	 	 
	Date:  	 	 

    

     

     

     

    2

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