EXHIBIT 10.25
SHARE RETURN AGREEMENT
THIS AGREEMENT is made as of this 23rd day of July, 1997 among COYOTE
SPORTS, INC. ("Company"), XXX X. XXXXXXXXXXX ("Xxxxxxxxxxx") and XXXXX X. XXXXXX
("Xxxxxx").
WHEREAS, Xxxxxxxxxxx and Xxxxxx are currently the sole shareholders of the
Company owing 1,897,500 and 1,552,500 shares of Common Stock, respectively; and
WHEREAS, the parties believe that, for good and valid business reasons, it
is in the best interests of the parties for Xxxxxxxxxxx and Xxxxxx to return
certain of their shares to the Company on a pro-rata basis for cancellation;
NOW, THEREFORE, for good and valuable consideration, the parties agree as
follows:
1. Xxxxxxxxxxx hereby assigns and transfers to the Company all of his right,
title and interest in 467,500 shares of Common Stock of the Company owned
by him free and clear of all liens, charges and encumbrances.
2. Xxxxxx hereby assigns and transfers to the Company all of his right, title
and interest in 382,500 shares of Common Stock of the Company owned by him
free and clear of all liens, charges and encumbrances.
3. Xxxxxxxxxxx and Xxxxxx acknowledge and agree that the Company is in no way
obligated to pay them for the respective shares that are being assigned and
transferred by them.
4. This agreement shall be governed by the laws of the State of Nevada and
shall not be modified without the written approval of all parties.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first above written.
COYOTE SPORTS, INC.
By: /S/ XXX X. XXXXXXXXXXX
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Xxx X. Xxxxxxxxxxx, President
/S/ XXXXX X. XXXXXX
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Xxxxx X. Xxxxxx
/S/ XXX X. XXXXXXXXXXX
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Xxx X. Xxxxxxxxxxx
