ADDENDUM TO THE ASSET PURCHASE AGREEMENT BETWEEN FERRARA INTERNATIONAL LOGISTICS, INC. AND JANEL WORLD TRADE, LTD. DATED MAY 19, 2008
EXHIBIT
10.8
ADDENDUM
TO THE ASSET PURCHASE AGREEMENT
BETWEEN
XXXXXXX INTERNATIONAL LOGISTICS, INC.
AND
XXXXX WORLD TRADE, LTD.
DATED
MAY 19, 2008
For
good
and valuable consideration, the receipt of which is hereby acknowledged, Xxxxxxx
International Logistics, Inc. and Xxxxx World Trade, Ltd. mutually agree that
the term "Customs Brokerage Business," as used in the Asset Purchase Agreement
between Xxxxxxx International Logistics, Inc. and Xxxxx World Trade, Ltd. dated
May 19, 2008, includes the following elements, and their respective revenue
streams:
Surety
Bond Charges;
Overnight
Courier/Messenger Revenue;
AQI/USDA
Examination;
Documentation/Handling
Revenue,(Estimated at $ 30.00 per transaction);
RLF
transactions; and
Estimated
Trucking (Local Cartage, Inland Haulage);
These
elements and their respective revenue streams have been sold to and purchased
by
Xxxxx
World Trade, Ltd. pursuant to the terms and conditions of the Asset Purchase
Agreement.
July
18,
2008
Xxxxx
World Trade, Ltd.
|
Xxxxxxx
International Logistics,
Inc.
|
By:
/s/ Xxxxx X
Xxxxxxxx
|
By:
/s/ Xxxx
Xxxxxxx
|
Xxxxx
X. Xxxxxxxx, CEO
|
Xxxx
Xxxxxxx, CEO
|