EXHIBIT 10.06
THIS DOCUMENT
REPRESENTS AN
AGREEMENT AMENDMENT
AGREED BETWEEN
CISAP ECOLOGY S.R.L.
AS LICENSOR
AND EURECTEC, INC.
A SUBSIDIARY OF
THE QUANTUM GROUP, INC.
AS LICENSEE
DATE: MARCH 14, 1997
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1.
By this Agreement Amendment, which modify the Agreement signed April 26th, 1996,
Cisap Ecology S.r.l. accepts this contract in the place of Cisap S.p.A.
Today March 14th, 1997 we agree the following modifications to the a.m.
contract:
Whereas Cisap Ecology S.r.l. is willing to grant, and Eurectec, Inc. desires to
receive, the right to continue to sell Cisap Ecology S.r.l. technologies and
equipment above mentioned in all countries of the world, excluding Italy, and
EXCLUSIVELY in North America, Canada, Mexico and South America, with the terms
and conditions hereinafter set forth.
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1.8
Payment shall mean a commercial Letter of Credit irrevocable and confirmed with
order, with where possible an advance payment of at least 15 per cent of the net
equipment price. Eurectec may assign or create a back to back L/C in favour of
Cisap Ecology S.r.l. when necessary.
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2.1
Territory: shall mean: EXCLUSIVE North America, Canada, Mexico and South
America; Italy excluded; in all other Countries of the world Eurectec will
have the right to sell without exclusive. Eurectec to supply Cisap Ecology
S.r.l. a regular list of outstanding inquiries, at least every 3 months for
these and exclusive countries and Cisap Ecology agree not to quote directly
with Eurectec's declared clients in non-exclusive Countries.
2.1
Use of patents: Cisap Ecology S.r.l. hereby grants to Eurectec an exclusive
right and license during the terms of this agreement to practice the
technology in order to use and operate plants/or sell equipment in the above
mentioned exclusive and non exclusive territory with clients confirmed to and
acknowledged by Cisap Ecology S.r.l.
PAGE 6-7-8-9-10
as before
PAGE 11
as before except:
price list remains the same, except for the debeader price which increases from
ITL. 40.800.000 = to ITL. 55.000.000 =, still within the agreement taken in
Item 9.17.
Other points as before. Pistoia, March 14th, 1997
By: /s/ Xxxxx Xxxxxxxx By: /s/ Xxxxxxxxxx Xxxxxxx
_____________________ _________________________
for Cisap Ecology S.r.l. For Eurectec, Inc.
(Xxxxx Xxxxxxxx) (Xxxxxxxxxx Xxxxxxx)
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