Standstill Agreement

By | November 16, 2011

THIS AGREEMENT made as of [Date (ie. July 31, 2002)] between [Name of Party 1]., of [Address of Party 1] (“Party 1″), and [Name of Party 2], of [Address of Party 2]

BACKGROUND:

(A) Party 1 and Party 2 are considering entering into a business transaction between the two companies related to the Technologies (as defined below); and

(B) Party 1 and Party 2 wish to discuss the potential business transactions regarding the Technologies freely without interruption or interference by third parties who may have common business interests in the Technologies.

NOW THEREFORE FOR AND IN CONSIDERATION OF the mutual exchange of information, the anticipated business transactions between the parties, and other good and valuable consideration, the receipt, sufficiency and adequacy of which is hereby acknowledged, the parties agree as follows:

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