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application described in paragraph 5 above, Cascade
enters into this agreement and makes the promises
contained hereinafter:
8. AFFIRMATION OF ORIGINAL SALE
Lea hereby affirms that he has and does hereby
sell all of his right, title and interest in and to the
patent and patent applications described in the
original sales agreement and to the new patent and
patent application described in paragraph 5 hereof.
9. SALES PRICE
Cascade hereby agrees to pay Lea as consideration
for the waiver, reconveyance and conveyance by Lea
contained herein $10,000,000.00 less $172,310.00
representing payments made under the original sales
agreement and less $259,128.03 representing amounts
earned but not paid by Cascade to Lea under the
original sales agreement or as otherwise mathematically
stated the remaining sum of $9,568,561.97.
* * * * * * *
11. PAYMENT
Payment shall be made on or before the thirtieth
(30th) day of January, April, July, and October of each
year as follows:
A. For each product sold by Cascade covered by
any one of the patents or patent applications
noted above Cascade shall pay Lea an amount of
money equal to five percent (5%) of the gross
selling price.
* * * * * * *
C. This agreement shall remain in force until all
of said U.S. and foreign patents expire or until
the payments have been made in full, whichever
occurs first.
12. ROYALTY REVIEW
* * * * * * *
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