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Exhibit 10.02
ADDENDUM TO
PURCHASE AND SALE AGREEMENT
AND
PROMISSORY NOTE
THIS ADDENDUM TO THE PURCHASE AND SALE AGREEEMENT AND PROMISSORY NOTE,
both dated February 6, 2002, is entered into this 31st day of March, 2002, by
and between OCIS Corp. ("OCIS") and Xxxxx X. Xxxxxxxxxxx ("Xxxxxxxxxxx").
Premises
Pursuant to the terms of the Purchase and Sale Agreement dated February
6, 2002, OCIS and Xxxxxxxxxxx agreed to modify the purchase price of the
assets being purchased based on an itemized inventory list. The list and
subsequent hand count resulted in a total of $45,626 in inventory having been
purchased, based on a lower of cost or market valuation. Accordingly, the
parties want to set forth in this writing that the promissory note is being
reduced to $40,626, after giving effect to the $5,000 payment in shares of
OCIS common stock.
Agreement
Based on the stated premises, which are incorporated herein by reference,
and for and in consideration of the mutual covenants and agreements
hereinafter set forth, the mutual benefits to the parties to be derived
herefrom, and other good and valuable consideration, the receipt and adequacy
of which are hereby acknowledged, it is hereby agreed as follows:
1. Reduction in Purchase Price. The parties hereby agree that the
purchase price for the assets shall be $45,626 with the resulting promissory
note being reduced to $40,626.
2. Ratification. Except as expressly amended hereby, the terms of the
Agreement are hereby ratified and approved as originally written.
Xxxxx X. Xxxxxxxxxxx
/s/
________________________________
OCIS Corp.
By:_________/s/____________________
A Duly Authorized Officer (Xxxx Xxxxxx,
Secretary)
