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7. TERM. The license granted pursuant to this Agreement shall be effective as of the date of execution by both parties and shall expire on the date which the last patent set forth on Schedule A expires. 8. COMPENSATION. For the right to use the Technology in its Facility, Licensee will pay Licensor a Fee of $380,000. a) The Fee is non-refundable and shall be payable as follows: (1) Ninety -Five Thousand Dollars ($95,000) shall be due within ten (10) days of Notice to Proceed to the Contractor awarded the construction contract for the Facility; and (2) Ninety -Five Thousand Dollars ($95,000) upon 50% Completion of the Facility by Contractor; and (3) Ninety -Five Thousand Dollars ($95,000) upon start-up of the Project; and (4) Ninety -Five Thousand ($95,000) upon completion of the 90 day start up of the Facility. b) All payments due to Licensor shall be made in United States currency by check drawn on a Florida bank unless otherwise specified by Licensor. 9. TERMINATION. Should Licensor breach this Agreement by failing to pay the fees in accordance with paragraph 8, Licensor shall provide notification of breach to Licensee and demand payment from Licensee. Licensee shall have thirty (30) days or the period set forth by the Local Government Prompt Payment Act (whichever is longer) to cure the breach of non-payment. Failure to do so will result in termination of this License Agreement, 10. POST -TERMINATION RIGHTS. Upon termination of this License Agreement as set forth in paragraph 9 above, Licensee shall thereafter immediately cease all further use of the Technology and all rights granted to Licensee under this License Agreement shall forthwith terminate and immediately revert to Licensor. 11. NOTICE. All notices and communications sent by either party shall be via certified mail, return receipt requested or by nationally -recognized overnight courier service and shall be effective upon receipt or refusal to accept delivery. The parties' respective addresses are set forth in the first paragraph of this License Agreement and such addresses may be changed by notifying the other party in the manner set forth in this paragraph. 12. SEVERABILITY. If any provision hereof is held invalid or unenforceable by a court of competent jurisdiction, such invalidity shall not affect the validity or operation of any other provision and such invalid provision shall be deemed to be severed from this License 3