EXHIBIT 10.7
ASSIGNMENT OF RIGHTS TO PROPRIETARY FORMULA
This Assignment is made and entered into this 21st day of March, 2001 by
and between Gold Standard Mines, Inc. an Arizona corporation, and Xxxxxx Xxxxxxx
individually, hereinafter "SADLIER" and International Star, Inc., a Nevada
corporation, hereinafter "STAR," Pursuant to paragraphs 1.1, 1.3. 1.4a and b,
4.1 and all other relevant provisions contained in Agreement entered into by
there herein named parties on September 23, 2000, and addendum dated this date
changing paragraphs 4.1 to read 1,000,000 shares of common s tock instead of
5000,000 common, 500,000 preferred stock.
In consideration of 1,000,000 shares of International Star, Inc. (SEC Rule
144) common stock being transferred to SADLIER as specified in the above
referenced agreement, SADLIER assigns to STAR and its respective heirs and
assigns all right, title and interest in a certain proprietary gold, silver,
and/or platinum metals recovery formula designed by SADLIER for processing ore
in and about the Wickieup, area of Arizona.
[Confidential]
In consideration of this assignment the 1,000,000 shares of International
Star, Inc. Sec Rule 144 common stock are to be issued to Gold Standard Mines,
Inc., Federal ID #860926500, address: 0000 Xxxxxxxx Xx., Xxxxxxxxx, XX 00000.
ACCEPTED this 21st day of March, 2000.
/S/ Xxxxxx Xxxxxxx
---------------------------------
GOLD STANDARD MINES, INC.
By: Xxxxxx Xxxxxxx, President
/S/ Xxxxxx Xxxxxxx
---------------------------------
XXXXXX XXXXXXX
Individually
ACCEPTANCE OF ADDEMDUM TO AFREEMENT DATED SEPTEMBER 23, 2000
By the signatures below, the parties to the September 23, 2000 agreement
and the above assignment approved the agreed issuance 500,000 preferred shares
being changed to the issuance of 5000,000 common shares of SEC Rule 144
International Star, Inc. stock
/S/ Xxxxxx Xxxxxxx
---------------------------------
GOLD STANDARD MINES, INC.
By: Xxxxxx Xxxxxxx, President
/S/ Xxxxxx Xxxxxxx
---------------------------------
XXXXXX XXXXXXX
Individually
/S/ Xxxxx Xxxxxx
---------------------------------
INTERNATIONAL STAR, INC.
By: Xxxxx Xxxxxx, President
WITNESSETH:
/S/______________________________ /S/___________________________________
