AMENDMENT TO THE CONSULTING AGREEMENT
AMENDMENT
TO THE CONSULTING AGREEMENT
This
Amendment to the Consulting Agreement is made as of 17th day of
September 2007.
BETWEEN
ALLIANCE
RECOVERY CORPORATION, a Delaware corporation (the
"Company"),
AND
GLOBAL
CONSULTING GROUP, INC., a Maryland corporation (the
"Consultant')
WHEREAS,
the Company and the Consultant executed that certain Consulting Agreement dated
September 9. 2607.
WHEREAS,
the Company and the Consultant desire to amend the Consulting Agreement to
reflect an addition of a Termination provision and an extension of the Term
of
Commitment within Schedule C for a total period of four months.
NOW,
THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Amendment
to the Consulting Agreement, and far other good and valuable consideration
the
receipt and adequacy of which are hereby acknowledged, the Company and the
Consultant agree as follows:
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1)
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Paragraph
13) of the Consulting Agreement shall be added to reflect the
addition of the -Termination" provision and follows: This agreement
may be
terminated, without cause, by either the Company or the Consultant
with 30
day prior notice.
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2)
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Schedule
A) of the Consulting Agreement shall be amended to reflect an extension
to
the "Term of Commitment" to four
months.
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3)
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Schedule
B) of the Consulting Agreement shall be amended to clarify the date
by
which the shares must be issued and now reads: Payment shall be defined
as
the value of $25.000 in ARVY shares to be calculated based upon the
prevailing bid price on the fiat trading day of each month within
the Term
of Commitment. In this regard, the Consultant will not commence services
described in Section 1, Scope of Services, until Payment is received.
Accordingly. the Company must issue the Consultant shares included
in
Payment on the first trading day of each month within the Term of
Commitment, pursuant to the Payment Instructions provided in Schedule
C.
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4)
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All other
terms of the Consulting Agreement shall remain in full force and
effect.
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ALLIANCE RECOVERY CORPORATION
By: /s/ Xxxxx Xxxxxxx
XXXXX XXXXXXX
GLOBAL CONSULTING GROUP, INC.
By: /s/ Xxxx Xxxxxx
Xxxx Xxxxxx
