AGREEMENT AMENDING USA-CANADA AGENCY CONTRACT
CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED BASED UPON A REQUEST FOR CONFIDENTIAL TREATMENT AND THE NON-PUBLIC INFORMATION HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.
AGREEMENT AMENDING USA-CANADA AGENCY CONTRACT
This agreement ("Agreement") is entered into on this 26th day of October, 2012 (“the Effective Date”), by and between A to Z innovations, a Company incorporated under the law of Hong Kong, having its principal executive office at 12th floor, Xxxxxxxxx Xxxxx, 00 Xxxxxxx xx. Xxxxxxx Xxxx Xxxx (the “Company”), and Fuel Doctor Holdings, Inc. (the “Agent”), hereinafter sometimes referred to collectively as “the Parties.”
For good consideration, the Parties agree as follows:
The contract between the Parties entitled “Agency Agreement” and known as “Agency Agreement Final-USA and Canada Final” entered into December 15, 2009, with an Effective Date of December 15, 2009, shall be amended as follows:
1.
The Effective Date shall been changed from December 15, 2009, to June 15, 2010.
2.
The language appearing in Paragraph 4.6 which reads “[*]US Dollars and shall not exceed the amount of [*]US Dollars for the FD-47” shall be changed to read “[*]US Dollars and shall not exceed the amount of [*]US Dollars for the FD-47.”
3.
Appendix 1 to said contract shall be changed to read as follows:
Contract Year Ending: 6/15/2016 5 year initial contract. USA-Canada | Minimum Number of Units Requirement |
First year ( 12/15/2009- 12/15/2010) | 110,000 |
Second year (12/15/2010-6/15/2013) | 200,000 |
Third year (6/15/2013-6/15/2014) | 250,000 |
Fourth year (6/15/2014-6/15/2015) | 400,000 |
600,000 |
________________
[*] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portion.
4.
Appendix 2 to said contract shall be changed to read as follows:
Contract Year Ending: 6/15/2026 10 Year renewal USA-Canada | Minimum Number of Units Requirement |
First year (6/15/2016-6/15/2017) | 800,000 |
Second year (6/15/2017-6/15/2018) | 1,000,000 |
Third year (6/15/2018-6/15/2019) | 1,250,000 |
Fourth year (6/15/2019-6/15/2020) | 1,200,000 |
Fifth year (6/15/2020-6/15/2021) | 1,150,000 |
Sixth year (6/15/2021-12/15/2022) | 950,000 |
Seventh year (6/15/2022-6/15/2023) | 900,000 |
Eighth year (6/15/2023-6/15/2024) | 850,000 |
Ninth year (6/15/2024-6/15/2025) | 800,000 |
Tenth year (6/15/2025-6/15/2026) | 750,000 |
CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED BASED UPON A REQUEST FOR CONFIDENTIAL TREATMENT AND THE NON-PUBLIC INFORMATION HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed by their respective authorized representatives.
SIGNED at 00000 Xxxxxxxxx Xx., Xxxxxxxxx, Xxxxxxxxxx on this the 26th day of October, 2012.
For: Fuel Doctor Holdings, Inc
/s/ Xxxx X. Xxxxx
Xxxx X. Xxxxx
President/CEO
Capacity:
Authority:
SIGNED at 00000 Xxxxxxxxx Xx., Xxxxxxxxx, Xxxxxxxxxx on this the 26th day of October, 2012.
For:
A to Z Innovations Inc.
/s/ Assaf Tvoua
Partner
Capacity:
Authority:
