HEALTH TECHNOLOGIES INTERNATIONAL, INC.
000 Xxxxx Xxxxxx
Xxxxxxxxxx, Xxx Xxxxxx 00000
(000 ) 000-0000
(000) 000-0000 (Facsimile)
April 29, 1997
Xxxxxxxx Xxxx
Chief Executive Officer
Scantek Medical, Inc.
00 Xxxxxxx Xxxxx
Xxxxxxxx Xxxxx, X.X.
RE: License Extension
Dear Xx. Xxxx:
This letter agreement sets forth the mutual understanding of Scantek
Medical, Inc. ("Scantek") and Health Technologies International, Inc.
("Licensee") with respect to a certain previously executed license granting the
Licensee exclusive use of the BTAI, and improvements thereto, in Chile and
Singapore. Since both Scantek and the Licensee deem it in their best interest to
extend and modify the License, the License Agreement is hereby amended and it is
the mutual understanding of the parties that:
1) The License continues to remain in full force and effect;
2) The $250,000 license fee referred to in Section 3A of the License
Agreement must be paid not later than:
A) $50,000 upon execution of this Amendment; and
B) $200,000 on or before May 15,1997.
3) All other terms and conditions of the License Agreement remain in
effect, except as they should reasonably be modified to conform with the change
in the above dates.
If your understanding is the same as ours, please sign below to indicate
Scantek's acceptance of these amended terms, your authority to so execute, and
to acknowledge receipt and sufficiency of ten dollars paid in hand, as well as
other good and valuable consideration, including the mutual promises exchanged
hereby.
Yours truly, REVIEWED, AGREED TO AND ACCEPTED
this 30th day of April, 1997
HEALTH TECHNOLOGIES SCANTEK MEDICAL, Inc.
INTERNATIONAL, INC.
BY:___________________________ BY:___________________________
XXXXX X. XXXXXX XXXXXXXX XXXX
PRESIDENT PRESIDENT
