Exhibit 10.3
Ten Stix, Inc.
X.X. Xxx 000
Xxxxx Xxxxxxx, XX 00000
This letter is to serve as an agreement between Ten Stix, Inc. and Long
Games for representation of the "Push Your Luck" game.
Whereas, Long Games owns patent #6,000,699 (Push Your Luck) and would like
Ten Stix, Inc. to have a non-exclusive representation agreement, we each agree
to the following terms:
1. Xxxxxx Xxxx of Long Games will have the final say on all pricing.
2. Long Games will order at least all initial 1ay-outs and approve all
layouts.
3. Long Games agrees to accept all licensing situations that Ten Stix,
Inc. proposes in regards to individual casino's rules and regulations.
4. Long Games agrees to pay Ten Stix, Inc. at least 40% of all leased
revenues derived from the "Push Your Luck" game and sold by Ten Stix,
Inc. and its associates.
5. The term 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.
By: /s/ Xxxxxx X. Xxxx By: /s/ Xxx Xxxxxx
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Xxxxxx X. Xxxx Xxx Xxxxxx
President, Long Gan. President, Ten Stix, Inc.
