ROYALTY AGREEMENTRoyalty Agreement • September 7th, 2006 • Sunrise Usa Inc • Bottled & canned soft drinks & carbonated waters • Ohio
THIS ROYALTY AGREEMENT (the "Agreement") is made by and between Sunrise U.S.A. Incorporated (“Sunrise”), a Nevada corporation, Pukka USA, Inc. (“Pukka”), a Utah corporation (Sunrise and Pukka jointly referred to hereinafter as the "Sunrise Parties") and Garden Rise Investments LTD LLC, an Ohio limited liability company ("GRIL"),and WHEREAS, contemporaneously herewith, GRIL has subscribed for three million shares of Sunrise common stock; and WHEREAS, as an inducement to cause GRIL to subscribe for Sunrise common stock, Sunrise has agreed to grant GRIL a royalty interest in the revenues generated by Sunrise’s business operations. NOW THEREFORE, WITNESSETH that in consideration of One Dollar ($1.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged and accepted by the parties hereto, the parties hereto agree as follows: 1. Royalty Payments. The Sunrise Parties agree to pay royalties to GRIL in an amount equal to Three Percen
PAYMENT AGREEMENTPayment Agreement • September 7th, 2006 • Sunrise Usa Inc • Bottled & canned soft drinks & carbonated waters • Nevada
THIS AGREEMENT dated as of the 31ST, day of August, 2006, by and among SUNRISE U.S.A. INCORPORATED, a Nevada corporation with its principal executive offices located at 892 North 340 East, American Fork, UT 84003 ("Company") and Omar G. Barrientos (the "Payee").
