EXHIBIT 10.17
Agreement Between
NUYTC0 RESEARCH LTD.
AND
HYPERSTEALTH BIOTECHNOLOGY CORPORATION
NUYTCO will, for a fee, carry out the necessary engineering design work for a 6
place + 1 attendant cylindrical Acrylic patient area Hyperbaric Chamber, with &
steel double lock exit and entry area, and all the necessary operational
fittings, controls, and safety equipment.
NUYTCO will, for a fee, provide the necessary fabrication drawings, to include
electrical and mechanical, end a cost estimate for completion of the first
prototype operational chamber that will be able to pass insurance regulations,
Included will be the additional drawings etc. to provide the ability to add
another section to offer a 12 place capacity.
NUYTCO will, for a fee, service, oversee, manage, all fabrication, assembly, and
testing of the first
prototype chamber.
NUYTCO will be called upon from time to time for a fixed fee, or hourly rate, to
assist in necessary
changes, upgrades, or an), required new designs or changes.
HYPERSTEALTH agrees to abide by NUYTCO's directions, as long as NUYTCO is
associated with the project, to honor all financial contracts and agreements, to
provide all the necessary input into operational requirements and safety
conditions, to avoid disclosure of Engineering designs deemed to be NUYTCO
proprietary or patentable, and will not discuss and design parameters with third
panics unless permission has been granted by NUYTCO,
Proprietary designs shall be held to be the Property of the designers - transfer
of patents or patent
application rights to HYPERSTEALTH by NUYTCO to be subject to negotiation
between the
parties as to price, royalties, etc.
Signed: "Xxxx Xxxxxxx" Date: June,l6/99
Per: Nuytco Research Ltd.
