Tellurian, Inc.
00 Xxxxxxxxxx Xxxxxx
Xxxxx Xxxxxx Xxxxx, XX 00000
Voyager Graphics October 28, 1996
#2 Xxx Xxxxxx 0xx Xxxx
Xxxxxxx Xxxxxxxxxx Xxxx
Xxxxxxx, Xxxxxxx, Xxxxxx
Republic of China
Att: Xx. X. Xxxx, President
Gentlemen:
Pursuant to Section 2.5 of the Technology Transfer Agreement
dated January 1, 1996 between Voyager Graphics Inc. and Tellurian, Inc.,
Tellurian is entitled to receive a project fee of $1,500,000 pursuant to a
payment schedule as provided therein. As you are aware, Tellurian has entered
into separate agreements to pay $500,000 to Voyager Simulation Company, Ltd. and
$150,000 to TTY Graphics Inc. This letter shall serve to confirm our agreement
for you to make payments on our behalf directly to Voyager Simulation Company
Ltd. and TTY Graphics Inc. up to the maximum amounts stated above so that the
net project fee to be ultimately paid to Tellurian will be $850,000.
Very truly yours,
TELLURIAN INC.
By /s/ Xxxxxx X. Xxxxxxx
----------------------------
Xxxxxx X. Xxxxxxx
Chief Executive Officer
Agreed to and Accepted:
VOYAGER GRAPHICS INC.
By /s/ Xx. X. Xxxx
-------------------------
Xx. X. Xxxx, President
By signing below, Voyager Simulation Company, Ltd. agrees to
look solely to Voyager Graphics Inc. to make payment of the $500,000 required to
be paid to it pursuant to Tellurian's agreement with Voyager Simulation Company,
Ltd. dated November 14, 1994 and agrees to release Tellurian from any
responsibility to make such payments.
AGREED TO AND ACCEPTED BY:
VOYAGER SIMULATION COMPANY, LTD.
By /s/ Yen Xxxx Xxx
-------------------------
(Authorized Officer)
By signing below TTY Graphics, Inc. agrees to look solely to
Voyager Graphics Inc. to make payment of the $150,000 required to be paid to it
pursuant to Tellurian's agreement with TTY Graphics, Inc. dated May 26, 1995 as
amended July 17, 1996, and agrees to release Tellurian from any responsibility
to make such payments.
AGREED TO AND ACCEPTED BY:
TTY GRAPHICS, INC.
By /s/ Ching-Xxxx Xxxx
-----------------------------
Ching-Xxxx Xxxx, President
