EX-10.7
Royalty Letter Agreement and Affirmation
174
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EXHIBIT 6.7
ATTORNEYS AT LAW
CNB NATIONAL BANK BUILDING
201 N. MARION STREET - SUITE 301
P.O. DRAWER 2349
LAKE CITY, FL 32056-2349
JOHN E. NORRIS
FREDERICK L. KOBERLEIN
GUY W. NORRIS
LEANORA G. JOHNSON
TEL: C904) 752-7240
FAX: C904) 752-1577
(degree) CERTIFIED MEDIATOR
September 23, 1999
Mr. Andrew Arata
Route 15, Box 1517
Lake City, FL 32054
Dear Mr. Arata:
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. David Larson
Acknowledged By: Andrew B. Arata
AquaBio Technologies, Inc.
By:
Title:
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