EX-10.7
Royalty Letter Agreement and Affirmation
174
EXHIBIT 6.7
ATTORNEYS AT LAW
CNB NATIONAL BANK BUILDING
000 X. XXXXXX XXXXXX - XXXXX 000
X.X. XXXXXX 0000
XXXX XXXX, XX 00000-0000
XXXX X. XXXXXX
XXXXXXXXX X. XXXXXXXXX
XXX X. XXXXXX
XXXXXXX X. XXXXXXX
TEL: C904) 000-0000
FAX: C904) 000-0000
(degree) CERTIFIED MEDIATOR
September 23, 1999
Xx. Xxxxxx Xxxxx
Xxxxx 00, Xxx 0000
Xxxx Xxxx, XX 00000
Dear Xx. Xxxxx:
In accordance with our prior discussions and commitments to you, we reconfirm
that you and your heirs are entitled to and will receive royalties of five
percent (5%) of all gross revenues realized by NVID International, Inc. and its
successors and AquaBio Technologies, Inc. and its successors on the following
product, its patent or any of its derivative.
AXENOHL also referred to as project "XS".
International Filing PCT/US98/21604
Domestic Filings 09/169,229 - 10/9/98 date of filing
and 60/128,212 - 4/7/99 date of filing
Gross revenues include, but are not limited to, sales of product,
licensing of product or patent, sales of patent, use of patent, use of name, and
any other transaction which results in revenue, tangible or intangible. Product
as used herein includes any products derived from or based upon AXENOHL.
We also reconfirm that the original agreement between you and NVID
International, Inc. remains in force.
NVID International, Inc.
By:
Mr. Xxxxx Xxxxxx
Acknowledged By: Xxxxxx X. Xxxxx
AquaBio Technologies, Inc.
By:
Title:
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