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| SUF > SEC Filings for SUF > Form 8-K on 13-Nov-2008 | All Recent SEC Filings |
13-Nov-2008
Entry into a Material Definitive Agreement
Industrial Sonomechanics, LLC ("ISM") and SulphCo, Inc. (the "Company") are parties to that certain License Agreement, dated as of November 9, 2007 (the "Agreement"), whereby ISM granted the Company a world-wide, exclusive license to utilize certain ISM technology. The initial term of the Agreement was for a period of one year with an option for the Company to extend the Agreement for the remaining patent life of the related ISM technology.
On November 7, 2008, the Company provided notice to ISM to extend the Agreement. In conjunction with the extension of the Agreement, the Company agreed to issue 50,000 restricted shares of the Company's common stock. All other terms of the Agreement remain unchanged.
A copy of the Agreement was filed with the Securities and Exchange Commission as an exhibit to the Form S-3 filed on January 7, 2008.
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