Exhibit 10.8
AMENDMENT AGREEMENT
This Amendment Agreement, made effective as of October 6, 2000 (the
"Amendment"), is made by and between Arcade Investments Ltd. (the "Investor"),
and ANTs xxxxxxxx.xxx, a Nevada corporation (The "Company").
R E C I T A L
WHEREAS, the parties hereto are parties to that certain Registration
Agreement dated as of September 7, 2000 (the "Registration Agreement"); and
WHEREAS, the parties hereto have agreed to amend the terms of the
Registration Agreement as set forth below.
NOW THEREFORE, in consideration of the agreements contained herein,
and intending to be legally bound hereby, the parties hereto agree as follows:
1. Amendment to the Registration Agreement. Section 3 (a) of the Registration
Agreement is amended to read as follows:
(a) The Company agrees that it will prepare and file with the SEC
not later than thirty (30) days after the closing of the sale of not less than
600,000 shares of Common Stock, a registration statement covering all of the
Securities, (on Form XX-0, X-0, or other appropriate registration statement
form) under the Securities Act (the "Registration Statement"), at the sole
expense of the Company (except as provided in Section 3(c) hereof), in respect
of the Investors, so as to permit the resale of the Securities including without
limitation the Warrants.
2. This Amendment amends and is a part of the Registration Agreement. The
Registration Agreement as modified by this Amendment remains in full force and
effect among the parties.
3. The Amendment may be executed simultaneously in two or counterparts, each one
of which need not contain the signatures of more than one party, but all such
counterparts taken together shall constitute one and the same agreement.
4. This Amendment shall be governed by and construed under the laws of the State
of California as applied to agreements among California residents entered into
and to be performed entirely within California.
5. If one or more provisions of this Amendment are held to be unenforceable
under applicable law, such provision, or such portion of such provision as may
be necessary, shall be excluded from this Amendment and the balance of the
Amendment shall be interpreted as if such provision were so excluded and shall
be thereafter enforceable in accordance with its terms.
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6. In the event of any claim, dispute, litigation, arbitration or action
concerning or related to this Amendment, or any alleged breach of this
Amendment, the prevailing party shall be entitled to reasonable attorneys fees,
costs of suit and disbursements in addition to any other remedies or damages
which may be properly awarded or awardable.
7. This Amendment is the entire agreement of the parties and supersedes any
prior agreements between them, whether written or oral, with respect to the
subject matter hereof.
8. The parties have had an opportunity for legal review of all of the terms
hereof. The parties therefore agree that, in interpreting any issues which may
arise, any rules of construction related to who prepared this Amendment or
otherwise are not intended and shall be inapplicable, each party having
contributed or having had the opportunity to contribute to clarify any issue,
and the parties hereto being joint authors hereof.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed, on the day and year first above written.
ANTS XXXXXXXX.XXX
a Nevada Corporation
By: ____________________________________
Xxxxxxxxx X. Xxxxxx, President and
Chief Executive Officer
ARCADE INVESTMENTS LTD.
____________________________________
By: ____________________________________
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