MODIFICATION OF CONTRACT FOR PROFESSIONAL CONSULTING SERVICES
This professional consulting agreement is entered into by and
between Xxxx Xxxxx, whose principal place of business is 000 Xxx
Xxxxxx Xxxxx, Xxxxx 000, Xxxxx Ton, Xxxxxxx 00000, XXXXXXXX,
hereafter referred to as "Consultant", and xxxxXxxx.xxx Inc., a
business entity duly organized and operating under the laws of the
State of Nevada, whose business address is 0000 X. Xxxxx Xxxxxx
Xxxxxxx, Xxxxx 0000, Xxxxxxxxx, Xxxxxx, 00000, U.S.A., hereafter
referred to as "maxxZone." Both Consultant and maxxZone may be
collectively referred to as the "parties."
In consideration of the mutual promises, covenants and
representations made herein, the parties agree as follows:
WHEREAS, maxxZone is a business entity duly organized and
operating under the laws of the State of Nevada; and
WHEREAS, maxxZone is engaged in the lawful business of
developing and marketing for sale sporting goods; and,
WHEREAS, maxxZone established a professional consulting
relationship with Consultant, for the main purpose of having
Consultant endeavor to use his professional expertise towards
identifying and presenting maxxZone with potential product
development and sales opportunities; and to provide maxxZone with
essential office facilities and services for the South-East Asian
Region
WHEREAS, Consultant previously formalized a contractual
Relationship with maxxZone for the express purpose of identifying
prospective and acceptable products for possible development and
sale by maxxZone, or for maxxZone to have access to South-East
Asian office facility from which to conduct its product
development and sourcing activities
And WHEREAS that contract contained provisions allowing the
parties to extend and modify the term of the services provided by
Consultant hereunder, in exchange for a payment of stock
consideration,
THUS, THE PARTIES AGREE AS FOLLOWS:
Article 1. Modification.
Section 1.01 Pursuant to the contract between Consultant and
maxxZone dated February 7, 2003, Sections 2 and 5 provided that
the parties could agree to modify their contract to extend the
term of the services supplied by the Consultant, provided that
maxxZone agreed to pay to the Consultant common stock in maxxZone
equivalent to the sum paid in the original agreement, that is
400,000 shares.
Section 1.02 Consultant agrees to extend the services originally
agreed to in his contract with maxxZone, for an additional term of
two years from the original expiration date of the contract,
February 7, 2005, to February 7, 2007.
Section 1.03 maxxZone agrees to pay to Consultant, in
consideration of the extension of the term of the original
agreement, to pay to Xxxx Xxxxx 400,000 shares of maxxzone's
common stock to be registered in a Form S-8 filing with the
Securities and Exchange Commission.
Section 1.04 Both maxxZone and Consultant agree that the
remainder of the original consultancy contract, incorporated
herein by reference as though fully set out, shall remain in full
force and effect.
xxxxXxxx.xxx, Inc.
By: _______________
Xxxxxx Xxxxxx
Its: President/CEO
Dated:
CONSULTANT
By: ________________
Xxxx Xxxxx
Dated:
