Spongetech Delivery Systems, Inc. (fka SPNGQ)

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And truth , this is between DICON and RSI (RME) , SPNG actually is not even mentioned in the license contract, SPNG is just the marketing company , The way this contract reads is DICON / RSI hold all the cards with DICON being the owner , RSI being the exclusive licensee , SPNG is just marketing the product, they dont appear to own or even directly license by contract with DICON... at least by the way this contract reads? But I am not a lawyer , read it for yourself , links are below.

http://www.techagreements.com/agreement-preview.aspx?num=233564&title=Spongetech%20Delivery%20Systems%20-%20License%20Agreement

As of even date herewith, the parties entered into a Supply and Requirements Agreement (REQUIREMENTS AGREEMENT), which is incorporated by reference, for DICON to manufacture, sell and supply to RSI certain molded hydrophilic foam products with superabsorbent polymer and detergents, soaps and waxes defined in said REQUIRMENTS AGREEMENT as RSI SPONGE PRODUCTS and granting to RSI for such products an exclusive field of use for the cleaning and polishing of land, sea and air transportation vehicles.


Further, DICON, with the assistance of Michael Sorrentino, an employee from RSI, designed and developed an improved Molded Sponge Design particularly adapted for the said RSI SPONGE PRODUCTS, on which the parties have agreed to cooperate for the preparation and filing of an Application for a U.S. Design Letters Patent thereon, with the understanding that such improved Molded Sponge Design would be assigned and transferred by the inventors to DICON, and RSI shall have an exclusive right and license to use and sell such improved Molded Sponge Design.


The purpose of this Agreement is to confirm this understanding between the parties and to provide the exclusive right and license to RSI, all terms and conditions as hereinafter set forth.