Ten Stix, Inc.
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▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
This letter is to serve as an agreement between Ten Stix, Inc. and the
owners of ▇▇▇▇▇▇▇▇ ▇▇▇▇
Whereas, the owners of ▇▇▇▇▇▇▇▇ ▇▇▇▇ own patent #5931471 (▇▇▇▇▇▇▇▇ ▇▇▇▇)
and would like Ten Stix, Inc. to have a non-exclusive representation agreement.
We each agree to the following terms:
1. ▇▇▇▇ ▇▇▇▇▇▇ of ▇▇▇▇▇▇▇▇ ▇▇▇▇ will have the final say on all pricing.
2. ▇▇▇▇ ▇▇▇▇▇▇ will order and supply at least all initial layouts and
approve all layouts.
3. The owners of ▇▇▇▇▇▇▇▇ ▇▇▇▇ agree to accept all licensing situations
that Ten Stix, Inc. proposes in regards to individual casino's rules and
regulations unless ▇▇▇▇▇▇▇▇ ▇▇▇▇ wants to get their own license.
4. The owners of ▇▇▇▇▇▇▇▇ ▇▇▇▇ agree to pay Ten Stix, Inc. 25% of all
leased revenues derived from contacts initiated by Ten Stix, Inc. and/or its
associates but with the principles of ▇▇▇▇▇▇▇▇ ▇▇▇▇ doing all training and
installation of said games. Furthermore, the owners of ▇▇▇▇▇▇▇▇ ▇▇▇▇ agree to
pay Ten Stix, Inc. a minimum of 40% of all leased revenues derived from casino
locations where Ten Stix, Inc. and/or its associates sell, train and install
▇▇▇▇▇▇▇▇ ▇▇▇▇.
5. The terms of this agreement shall be open ended; however, if either
party wishes to terminate this agreement, they can with a 60 day notice to the
other party and continued agreed-upon payments based on agreed-upon percentages.
Terms of this agreement are contingent upon ▇▇▇▇▇▇▇▇ ▇▇▇▇ being operational in
▇▇▇▇ Town, Las Vegas, Nevada no later than Feb. 1, 2001.
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇ /s/ ▇▇▇ ▇▇▇▇▇▇
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▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇
Owner & CE, ▇▇▇▇▇▇▇▇ ▇▇▇▇ President, Ten Stix, Inc.
