Free Phase Modulator by Audiority

Audiority has released the new freeware plugin Freemod, a phase modulator. It’s a stereo phase modulator able to twist your sound with tremolo-like effects, low-fi audio and FM like sounds. It’s available for Windows (XP SP3 or higher) and Mac OS X (10.7.5 or higher).

http://www.audiority.com/shop/freemod/