intellectual property license this intellectual property license ( the “ license ” or “ agreement ” ) is entered into by and between greenway technologies, inc., a texas corporation having a place of business 1521 n cooper st, suite 205, arlington, texas 76011 ( the “ licensor ” or ( “ gwti ” ) ), and opm green energy, llc ( “ opm ” ), a texas limited liability company having a place of business at 892 meadow hill road, fort worth, texas 76108 ( the “ licensee ” ). licensor and licensee each referred to herein as a “ party ” and collectively as the “ parties. ” recitals whereas, licensor invested millions of dollars and years of manpower researching and developing an economical small - scale gas - to - liquids ( “ gtl ” ) unit ( “ gtl unit ” ) that converts natural gas to clean synthetic fuels ( the “ gtl technology ” ). the gtl unit represents proprietary, confidential technological advancements owned by gwti, which is currently in the process of commercializing, marketing, and deploying. the gtl unit consists of two primary components ; ( a ) syngas generation machine ( the “ g - reformertm ” ) that eliminates the need for expensive steam methane reformers to create syngas from natural gas, and ( b ) a fischer – tropsch ( “ f - t ” ) reactor that will convert the syngas to a range of liquid hydrocarbons without appreciable waxes being formed. gwti ’ s g - reformertm and gtl unit represent the culmination of years of research, design and experimentation and provide gwti with a significant advantage over competitors. gwti continues to make every reasonable effort to maintain the necessary confidentiality and secrecy to protect its investment of time, labor and capital ; whereas, gwti intends to commercialize, market, and deploy these patented and / or proprietary units for pipelines, stored natural gas facilities, and / or stranded natural gas fields with a focus on producing high - cetane rated synthetic fuels ( liquid fuels derived from natural gas or synfuels ) such as diesel and jet fuel. the g - reformertm can be licensed, leased and / or sold for tens of millions of dollars each and, collectively, the g - reformer tm can significantly alter the oil and gas industry ; whereas, licensee is