SANFORIZED LICENSEE AGREEMENT SUMMARY

Field
Non-exclusive use of the Sanfor, Sanforized and Sanfor-Knit trademarks. Non-exclusive use of Licensor’s knowledge, information, experience, techniques and advice on the compressive shrinkage process together with the equipment, for use in finishing and shrinking of textile fabrics.

Licensee
Sanforized Company grants a non-exclusive license to use the techniques for treating textile fabrics under the trademark and to sell such labeled fabrics worldwide.

Equipment
Sanforized Company personnel inspect licensees’ machinery and recommend modifications, if required, to qualify equipment to treat fabric in accordance with the established standards of The Sanforized Company.

Technical Services
Sanforized Company personnel instruct licensee in proper practices of the shrinkage process, operation of equipment, and testing procedures for maintaining the established standard.

Reports
Licensee will submit royalty reports on a quarterly basis.

Compensation
A minimum annual fee will be established. For more information please contact the Sanforized representative in your area.

Term
The initial term of the agreement shall be negotiated with an option for automatic renewal six months prior to expiration.