AMENDMENT TO TERMS OF INTELLECTUAL PROPERTY ASSIGNMENT AND SALE AGREEMENT DATED EFFECTIVE AS OF JANUARY 25, 2002 Recitals
AMENDMENT TO TERMS OF INTELLECTUAL PROPERTY
ASSIGNMENT AND SALE AGREEMENT
DATED EFFECTIVE AS OF JANUARY 25, 2002
Recitals
A. Healthbridge, Inc. a Texas corporation ("Purchaser") and B.I.M.E. GmbH., a German corporation, Xxxxxx Wimbock Umwelttech GmbH, Xxxxxx Xxxxx and Xxxxxx Xxxxxxx ("Sellers") are parties to that certain Intellectual Property Assignment and Sale Agreement dated effective as of January 25, 2002 in connection with Purchaser's acquisition of certain intellectual property from Sellers (the "Agreement").
B. Pursuant to Section 1.2 of the Agreement Purchasers are to make a final delivery of the euro denominated equivalent of 120,000 deutsche marks and 225,000 shares of Purchaser's common stock on or before March 31, 2002 (the "Final Payment").
C. Pursuant to Section 8.4 of the Agreement, the parties may agree to a binding amendment to its terms and conditions if the Purchaser and Sellers execute such amendment.
D. In order to accommodate certain issues pertaining to the transaction, the parties desire to amend the Agreement by extending the period in which the Purchaser must deliver the Final Payment from March 31, 2002 to a date no later than April 25, 2002.
Agreement
In consideration of the foregoing recitals and other valuable consideration, the parties hereby agree to amend the Agreement pursuant to Section 8.4 thereof, by extending the period in which the Purchaser must deliver the Final Payment, from March 31, 2002 to a date no later than April 25, 2002.
The Agreement is hereby amended and modified for all purposes necessary to effect this change as of March 28, 2002.
HEALTHBRIDGE, INC. |
B.I.M.E. GMBH |
BY: /s/ Xxxx Xxxxxxx |
BY: /s/ Xxxxxx Xxxx |
Xxxx Xxxxxxx, President |
Xxxxxxx Xxxx, Geschaftsfuhrer |
Xxxxxx Xxxxxxx |
|
/s/ Xxxxxx Xxxxxxx |
|
Xxxxxxx Xxxx |
|
/s/ Xxxxxx Xxxx |
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