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Agmt06 Pax Water Technologies,
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Agmt06 Pax Water Technologies,
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Last modified
10/2/2008 1:24:01 PM
Creation date
7/13/2006 4:47:09 PM
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Template:
Agreement
Contractor Name
Pax Water Technologies, Inc. (PAX)
PROJECT NAME
Product Testing
RMP File Number
304.5
Date
7/12/2006
Box
6586
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<br />be liable; provided further that (i) PAX shall not indemnify or hold CRC harmless if any object <br />or person enters CRC's freshwater tank without forty-eight (48) hours' notice to PAX and <br />without providing PAX the opportunity to either remove the Product or ameliorate the harm, (ii) <br />PAX shall not indemnify or hold CRC harmless for CRC's supplying power to Products, and (iii) <br />P AX shall not indemnify or hold CRC harmless if CRC otherwise interferes with the normal <br />operation of the product. <br /> <br />ARTICLE 3 <br />COMPENSATION: OBLIGATIONS: SmpPING COSTS <br /> <br />3.1 During the testing period, the Product, along with all associated documentation <br />and deliverables (including the cost of shipping and installation of the Product to CRC's selected <br />Tank(s», shall be provided at no charge to CRC. CRC shall, however, be responsible for costs <br />associated with providing PAX access to the facilities and any supervision or oversight required <br />by CRC's policies. In the event any Product is lost, damaged, or destroyed while in CRC's <br />possession and resulting from CRC's active negligence, omission or willful misconduct, CRC <br />agrees to reimburse PAX for the lesser of the reasonable replacement value or repair costs <br />associated with the Product so lost, damaged or destroyed. <br /> <br />3.2 PAX shall make reasonable efforts to ensure that the Product is in good working <br />order, which may include Product replacement, to resolve Product errors or defects encountered <br />during the testing period. <br /> <br />3.3 PAX's currently available and applicable documentation shall be provided as part <br />of the Product. No special or unique documentation shall be required of PAX, except to the <br />extent described in Exhibit "A" or as mutually agreed to by the parties. <br /> <br />ARTICLE 4 <br />GENERAL PROVISIONS <br /> <br />4.1 Property Ri2hts: All right, title, and interest to all intellectual property with <br />respect to the Product, including that which may be or become protectable by patent, copyright, <br />trademark, trade secret, or similar laws, shall remain exclusively with PAX. No license or other <br />right of any kind is granted by PAX's furnishing the Product to CRC, except for the limited right <br />to use and evaluate the Product as expressly provided for in this Agreement. Notwithstanding <br />the foregoing, all work product performed by Charlotte Smith & Associates (CSA), Inc. shall <br />remain the property of such entity, and PAX shall make no claim to such work product without <br />Charlotte Smith's prior written consent. <br /> <br />4.2 Assimment: Neither party may assign or otherwise transfer any rights or <br />obligations under this Agreement without the prior written consent of the other, provided that <br />either party may assign this Agreement to any successor in a merger or acquisition or the <br />purchaser of all or substantially all of the assets of that party, provided further that PAX may <br />assign its rights and obligations under this Agreement to a subsidiary which is controlled by <br />PAX; provided further that either party may assign certain of its obligations under this <br />Agreement to Charlotte Smith & Associates, Inc. <br /> <br />3 <br />
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