Exhibit 10.5 THIS AGREEMENT is made the 5th day of November, 1997 BETWEEN: (1) ROTARY STEERABLE TOOLS U.S.A. L.P., of 4708 Pecan Grove, San Antonio, Texas 78222 (2) NEHI of 616 FM, 1960 West #225, Houston, Texas 77090 RECITALS (A) Jack Phillip Chance...Intellectual Property Agreement • October 20th, 1998 • National Equities Holdings Inc /De/ • Crude petroleum & natural gas • Texas
Contract Type FiledOctober 20th, 1998 Company Industry Jurisdiction
CONVERTIBLE DEBENTUREConvertible Debenture • October 20th, 1998 • National Equities Holdings Inc /De/ • Crude petroleum & natural gas
Contract Type FiledOctober 20th, 1998 Company Industry