AGREEMENT This agreement is between Robert F. Flaherty, Diana Lee Flaherty, hereafter ("Flaherty") and Phoenix Metals U.S.A. II, Inc. hereafter ("PMTU"). Whereas Flaherty owns the rights to certain equipment used in the processing of head ores into...
This agreement is between Xxxxxx X. Xxxxxxxx, Xxxxx Xxx Xxxxxxxx, hereafter ("Xxxxxxxx") and Phoenix Metals U.S.A. II, Inc. hereafter ("PMTU").
Whereas Xxxxxxxx owns the rights to certain equipment used in the processing of head ores into precious and valuable metals and whereas PMTU has use of such equipment it is for both parties interests to enter into this agreement.
One such piece of equipment is entitled the "Rotary Collider Mill", US patent number 5,368,243, issue date 11, 29, 1994. The inventor of this machine is Xxxxx X. Gold from whom Xxxxxxxx purchased said rights.
Xxxxxxxx hereby grants the non-exclusive rights to PMTU to build such equipment for its own use.
There is also a "Separator" device built for use with the aforementioned equipment.
PMTU agrees to pay a royalty on the gross value of the equipment and employ Mr. Gold as a consultant subject to a proper consulting agreement.
For and in consideration of ten dollars and no cents, and for other valuable consideration, Xxxxxxxx hereby assigns said use of said rights.
/s/ P. Xxxxx Xxxxxxx ---------------------------------------------------------- Phoenix Metals U.S.A. II, Inc. P. Xxxxx Xxxxxxx, President /s/ Xxxxxx X. Xxxxxxxx ------------------------------------------------ Xxxxxx X. Xxxxxxxx /s/ Xxxxx Xxx Xxxxxxxx ---------------------------------------------------------- Xxxxx Xxx Xxxxxxxx
