10.4 Addendum B to Management Agreement with IPN Communications, Inc.
DataLogic International, Inc.
00000 Xxx Xxxxxx Xxx., Xxxxx 000 * Xxxxxx, XX 00000
* Tel: (000) 000-0000 * Fax: (000) 000-0000
MANAGEMENT AGREEMENT
ADDENDUM B
This is an Addendum to the Management Agreement entered into between DataLogic
International, Inc. (hereinafter "DataLogic") and IPN Communications, Inc.
(hereinafter "IPN") or collectively "the Parties" on the 2nd of June 2003.
WHEREAS DataLogic is DataLogic International or its subsidiary and IPN is IPN
Communications or its principals;
WHEREAS the parties wish to extend the Agreement as follows:
1. TERM. The term of the Agreement shall commence on November 5, 2004 and
shall remain in effect until December 31, 2005.
2. COMPENSATION. In full consideration of IPN's performance of the
Services, DataLogic shall pay IPN for the work performed in an amount
of one and a half million (1,500,000) shares of DataLogic stock
options. The terms of the options are outlined in a separate Incentive
Stock Option Agreement.
IN WITNESS WHEREOF, the parties have entered into this Agreement as of the 5th
day of November, 2004.
DataLogic International, Inc. IPN Communications, Inc.
/s/ Xxxxx Xxxxxx 11/05/04 /s/ Xxxxxxx Xx 11/05/2004
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Xxxxx Xxxxxx Date Xxxxxxx Xx Date
CEO CEO