EXHIBIT 10-14
Royalty Agreement
In consideration of the sum of fifty thousand dollars ($50,000) received from
▇▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, MedStrong International Corporation does hereby assign,
effective September 1, 2003, for business remitted in September and going
forward, the future receipts of all monies received from the following clients:
Road America; MD Data Network; National Protection Services; Membercare Services
up to the maximum sum of $100,000. Said receipts will be paid monthly, but
within five (5) business days of being received by MedStrong, until the full sum
of the Royalty Payment of $100,000 is paid in full. If the full amount of
$100,000 is not paid within twenty-four (24) months, the remaining unpaid
balance will be due in full. With the monthly payment, ▇▇. ▇▇▇▇▇▇ will receive a
full accounting detail of each client.
Late payment penalty. Should the corporation be late beyond the five (5) day
period, a late payment penalty of one thousand dollars ($1,000) will be imposed.
▇▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ is an investor only and MedStrong holds her harmless from
any action of any kind that may result from this transaction.
MedStrong International Corporation
By: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, CEO
Dated: August 25, 2003
Accepted
By /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Print Name
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Address
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