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Terms Schedule

(Master Sub-Licensee)


This Terms Schedule includes factors to be considered by VRM Global Holdings Pty Ltd in respect to the grant of a Sub-License to the person or entity identified below.   The Sub-License Agreement attached to this Terms Schedule if it commences operation will allow the Master Sub-Licensee to produce and to distribute the Outputs identified in Annexure A to the attached Sub-License.

Minimum Annual Input Quantity: 200,000 Litres/53,000 Gallons

License Fee: $5,000,000

I/We hereby apply to be a master sub-licensed user and distributor of VRM Biologik processes and a licensed manufacturer of and distributor of the Outputs described in and on the terms and conditions of the attached Sub-License Agreement.

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