Exhibit 10.2
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AMERICAN FIRE RETARDANT CORPORATION
000 Xxxxx Xxxx
Xxxxxxxxx, XX 00000
318/837-1198
FAX 000-0000
June 24, 1997
Xxxxxx 0. Xxxxxx
0000 Xxxxxxx Xxxxx
Xxxxxxx, Xxxxxxx 00000
As per our conversation this date, American Fire Retardant Corporation hereby
agrees to pay Xxxxxx 0. Xxxxxx the sum of $0.75 per gallon in royalties on the
sale of our Fybefix 200OV. Said royalty is being paid in recognition of
services. Said royalties to be paid at the beginning of the month, immediately
following American Fire Retardant Corporation's receipt of payment of the
invoice.
Sincerely
/S/ Xxxxxx Xxxxxxx
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Xxxxxx Xxxxxxx
Senior Vice President
Attested by /s/ Xxxxxxx X. Xxxxx Dated: June 24, 1997
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Xxxxxxx Xxxxx
President
Agreed upon by /s/ Xxxxxx X. Xxxxxx Dated June 24, 1997
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Xxxxxx X. Xxxxxx
