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Technology Stocks : Advanced Engine Technologies (AENG)
AENG 0.00010000.0%Mar 7 3:00 PM EST
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To: david travis who wrote (2429)12/24/1998 1:20:00 PM
From: Sir Auric Goldfinger   of 3383
 
This holding company name seems appropriate as it leaves NOTHING for AENG:

RECITALS

A. By an agreement for sale by way of assignment dated [27th February 1996]
between ZEROPRIZE LTD as seller and the licenser as purchaser ('the
assignment agreement'), the licenser has acquired or is entitled to acquire
with effect from the payment of the license fee all right, title and interest
in and to International Patent Application No. PCT/AAU95/008l5 including the
right to apply for or obtain corresponding letters patent in any country in
the world, relating to an invention known as the 0X2 combustion engine upon
the terms set out in the assignment.

B. The licensee desires to manufacture, distribute and market the 0X2 combustion
engine and has sought license for that purpose.

C. The licenser has agreed to grant the license sought on the following terms
and conditions.

NOW THE PARTIES AGREE as follows--

Article 1 Interpretation

'License fee' US$40,000,000 such sum to be paid progressively from and to be a first charge on the net revenue until paid in full. The license fee must be paid as to US$10,000,000 from each of the 4 scheduled territories, namely--

European Union
NAFTA
Asia
Rest of the World.

Merry Christmas TRAV!
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