Administrative Services Agreement Amendment No. 1
Exhibit
10.16
Amendment
No. 1
This
Amendment dated March 5, 2008 to the Administrative Services Agreement (the
“Agreement”) originally dated August 1, 2004 by and between iVoice, Inc., a New
Jersey corporation (“iVoice”) and SpeechSwitch, Inc., a New Jersey corporation
(the “Company”).
WHEREAS, the parties have
agreed to amend this Agreement.
NOW THEREFORE, in
consideration of the foregoing premises and the respective promises and
agreements of the parties set forth herein, the parties hereto agree as
follows:
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1.
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Effective
on September 1, 2005, the Services Fee shall be revised to equal Four
Thousand and Two Hundred and Twenty Dollars and Ninety-six Cents
($4,220.96).
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2.
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The
Services Fees as defined in Section 3 of this Agreement and that are
earned, accrued and remain unpaid shall be aggregated and converted into a
Convertible Promissory Note in substantially the form as set forth in
Exhibit A herein.
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3.
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All
other terms and conditions of the Agreement shall remain in full force and
effect.
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IN WITNESS WHEREOF, the
parties have caused this Amendment to be duly executed as of date written
below:
iVoice,
Inc. SpeechSwitch,
Inc.
By:___________________ By:___________________
Xxxxxx
Xxxxxxx
Xxxxx Xxxx
President
and President
and
Chief Executive
Officer Chief
Executive Officer
