Exhibit 10.2
ADDENDUM TO SOFTWARE LICENSE AGREEMENT
This is an addendum to Software License Agreement ("the Agreement") between
M-Cube Corporation/Asia Glove, Inc., Japanese corporations (" Licensor") and
Global Assets & Services, Inc., ("Licensee") to market, copy and distribute the
software program related documentation ("Software") defined in the Exhibit A in
the Agreement.
Under Item 2 of the Agreement (License Fees), "the list of direct expense" must
be finalized before issuance of the shares of common stock.
The following is the list of direct expenses:
All expense items listed here below are to be incurred in connection with the
direct marketing, distribution and service activities for the Software.
1. Travel and lodging
2. Promotion/advertisement
3. Consulting on marketing /service strategies
4. Service activities (i.e. to bring qualified personnel of Licensor to
solve user concerns).
Such expense items will be included in the Report and Payment defined in the
Section no. 3(a) under Terms and Conditions of the Agreement.
Upon request from Licensor, the details of such expenses can be audited and
reviewed by Licensor.
The content of the list of the direct expense will be reviewed and changed after
one (1) year from the Execution Date of the Agreement. Such changes will
include certain limit as to amount of the direct expenses for the purpose of
calculating License Fees. Licensor and Licensee agree to limit the direct
expense amount for the aforementioned purpose. Since the first year operation
may not reflect the long-term pattern of the direct expense in relation to the
revenue, Licensor and Licensee agrees to revisit the content of the direct
expense later.
Approved By:
Licensor:
M-Cube Corporation Asia Glove, Inc.
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/s/Mitsunobu Amazaki May 16, 2002 /s/Xxxx Xxxxxxxxx May 16, 2002
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Mitsunobu Amazaki Date Xxxx Xxxxxxxxx Date
Licensee:
Global Assets and Services, Inc.
/s/Xxxxxx X XxXxxxxxx May 16, 2002
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Xxxxxx X. XxXxxxxxx Date
