LICENSING, DEVELOPEMENT AND MARKETING AMENDING AGREEMENT
THIS AGREEMENT dated for reference August 14, 2001
BETWEEN:
SEDONA SOFTWARE SOLUTIONS INC., a body corporate, duly
incorporated under the laws of the State of Nevada and
having an office at 000 - 0000 Xxxxxx Xxxxxx, Xxxxxxxxx,
X.X., X0X 0X0
("Sedona")
OF THE FIRST PART
AND:
MARKATECH INDUSTRIES CORPORATION, a body duly incorporated
under the laws of the Province of British Columbia, Canada
and having an office at 000 Xxxx 00xx Xxxxxx, Xxxxxxxxx,
X.X., X0X 0X0
("Markatech")
OF THE SECOND PART
WHEREAS:
A. Markatech is the developer and owner of all ownership
interest right and title to the Autonet Parking Ticket
Violation Management System ("Autonet")
B. Markatech has granted to Sedona the privilege to
conduct a review of documentation with regard to Autonet.
C. Markatech has granted Sedona the option to purchase all
of Markatech's right title and interest in and to the
programs, documentation and know-how.
D. Markatech has agreed to license to Sedona the world-
wide exploitation rights to Autonet
E. Markatech has agreed to conduct ongoing development and
testing of the programs, hardware, documentation and know-
how of the Autonet system in accordance with the terms and
conditions set out herein.
F. Markatech has agreed to assist Sedona in the marketing
and commercial exploitation of the Autonet technology.
G. Markatech has agreed to grant to Sedona a time
extension of the License Term pursuant to the Licnesing,
Development and Marketing Agreement dated February 1, 2001.
H. Markatech has agreed to grant to Sedona a time
extension of the development Program Term pursuant to the
Licensing, Development and Marketing Agreement dated
February 1, 2001.
NOW THEREFORE in consideration of payment of Ten
Dollars ($10.00) and other good and valuable consideration
(the receipt and sufficiency of which are hereby
acknowledged), the parties have agreed that the Licensing,
Development and Marketing Agreement dated February 1, 2001
is hereby amended as follows:
The following date is deleted:
Para. 2.2, line2, delete: "October 1, 2001".
The following date is added:
Para. 2.2, line2, add: "January 1, 2002".
The following date is deleted:
Para. 3.2, line 2, delete: "February 1, 2002".
The following date is added:
Para. 3.2, line 2, add: "February 1, 2003".
ENTIRE AGREEMENT:
.
This Agreement together with the Licensing,
Development, and Marketing Agreement dated February 1, 2001,
constitutes the entire agreement to date between the parties
hereto and supersedes every previous agreement,
communication, expectation, negotiation, representation or
understanding, whether oral or written, express or implied,
statutory or otherwise, between the parties with respect to
the subject matter of this Agreement.
IN WITNESS WHEREOF this Agreement has been executed as of
the day and year first above written
MARKATECH INDUSTRIES CORPORATION
/s/ Xxx Xxxxx
per _______________________________
Xxx Xxxxx, director
SEDONA SOFTWARE SOLUTIONS INC.
/s/ X. X. Xxxxxx
Per _______________________________
X.X. Xxxxxx, director
