EXTENSION OF BUSINESS & FINANCIAL CONSULTING SERVICES AGREEMENT
Exhibit
10.51
EXTENSION
OF
BUSINESS
& FINANCIAL CONSULTING SERVICES AGREEMENT
This
Extension Agreement is hereby entered into this 21st day of June, 2005 by
and
between Ascendiant Capital Group, LLC (“Consultant”) and Invisa, Inc.
(“Client”), with reference to the following:
Client
hereby enters into an Extension of that certain Business and Financial
Consulting Services Agreement (the “Agreement”) dated August 19, 2004. Client
and Ascendiant hereby agree to the following:
1) |
The
term of this Extension shall be six (6) months, beginning on the
date of
Client’s execution of this
Extension.
|
2) |
The
compensation to Consultant for this Extension shall be 1,000,000
unregistered shares of INSA common stock to be issued to Ascendiant
Capital Group, LLC. Shares to be issued and delivered within five
(5)
business days of Client’s execution of this Extension and shall contain
standard “piggy-back” registration rights, and shall be included in
Client’s next SEC registration statement
filing.
|
This
Extension Agreement is hereby incorporated into the original Agreement as
an
extension of said agreement. All other terms and provisions of the original
Agreement are to remain unchanged and in full force and effect as provided
therein.
IN
WITNESS WHEREOF, the parties hereto have caused this Extension Agreement
to be
duly executed as evidenced below.
Ascendiant Securities, LLC | Invisa, Inc. | ||
/s/ Xxxx Xxxxxxxxxx | /s/ Xxxxxxx X. Xxxxxxx | ||
Name: Xxxx Xxxxxxxxxx |
Name Xxxxxxx X. Xxxxxxx |
||
Title
Managing
Director |
Title Acting President | ||
Date: | Date: |