Exhibit 10.05
POINTS OF AGREEMENT
Xxxxxxxxx X.xX. & Vivid meeting
October 23, 1997
1. a) Xxxxxxxxx to pay Vivid $3,000 royalty per system for the
first 100 systems. No royalty due thereafter.
b) Vivid to pay Xxxxxxxxx a royalty of $3,000 for the first
167 systems in the form of a prepaid royalty. Vivid to pay
remaining $201,000 to Xxxxxxxxx per contract. No royalty due
thereafter.
2. Documentation for new Model APS to be forwarded to Xxxxxxxxx
in a timely manner as released.
3. Both parties agree to utilize a mutually agreeable revision
control procedure.
4. Parties agree to reduce prices in contract as follows:
a) Monobloc/inverter assembly $5,250 USD maximum.
b) Operator console assembly $5,100 USD maximum.
5. All other terms and conditions of the contract to be in effect.
Agreed:
/s/ Xxxxxxx Xxxxxx /s/ Xxxxxxx Xxxxx
Xxxxxxx Xxxxxx Xxxxxxx Xxxxx
Xxxxxxxxx S.p.A Vivid Technologies, Inc.
October 23, 1997 October 23, 1997
