Exhibit 10.13
To: X.X. xxx Xxx
From: T.H. Thebes
CC:
Date: April 1, 2004
Royalty agreement with X.X. xxx Xxx and Force Protection Inc.
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This agreement is based on the Typhoon -Long that was developed as a prototype
during March 2004. The company agrees to pay a royalty of $500 per vehicle
sold, based on the Typhoon - L design, the Typhoon - L prototype produced and
completed March 2004, and complete drawing pack as submitted to the company by
Xx. xxx Xxx on April 1, 2004. It is understood that the company paid Xx. xxx
Xxx to develop the Typhoon -Long vehicle and it is agreed upon that all
intellectual property associated with the Typhoon as developed by Xx. xxx Xxx is
the property of Force Protection Inc.
Conditions before first payment:
1. The Typhoon - Long drawing package must be completed before the first
vehicle sale.
2. The completed drawing package must be submitted to the company and
certified as acceptable by Force Protection Engineering.
3. Royalty payments will be made quarterly after payment is received from
the customer.
4. All three sets (attached) of non-disclosures and confidentially
agreements must be on file with the company before the release of any funds.
By the company
Date:
By Xx. X.X. xxx Xxx
Date:
Attachments: 3 different disclosure and confidentially agreements.
