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EXHIBIT 99.7
AMENDMENT NUMBER 1 TO
CONSULTING SERVICES AGREEMENT BETWEEN
PLAYNET TECHNOLOGIES, INC..
AND
XXXXX XXXXXXXX
RE: STRATEGIC AND BUSINESS PLANNING ADVISORY SERVICES
THIS AMENDMENT (hereinafter referred to as the "Amendment") effective as of the
1st day of August, 1997 by and between PlayNet Technologies, Inc., a corporation
organized under the laws of the state of Delaware with a place of business at
Xxx Xxxxxxxx Xxxxx, Xxx Xxxxxxxxx, Xxxxxxxxxx 00000 (hereinafter referred to as
"PlayNet"), and Xxxxx Xxxxxxxx, an individual, with a place of business at 0000
Xxx Xxxxxxxx Xxxx, Xxxxxxxx Xxxxxxx, Xxx Xxxx 00000 (hereinafter referred to as
"Consultant") amends that certain Consulting Services Agreement between the
parties, dated July 16, 1997 (the "Consulting Agreement").
In consideration of the promises and mutual covenants contained herein and on
the terms and conditions hereinafter set forth, it is agreed as follows:
1. Paragraph 2 of the Consulting Agreement is amended by increasing the
compensation due thereunder to add an additional Forty Thousand
(40,000)] shares of Common Stock of PlayNet, par value $.001 per share)
(the "Shares") in lieu of any cash payment for the Services, in
addition to the Eighteen Thousand (18,000) shares of Common Stock
previously issued to Consultant as compensation. The Shares shall be
free and clear of all liens and shall be registered by PlayNet, at its
expense, with the Securities and Exchange Commission on Form S-8 as
soon as practicable after the date hereof. Additional compensation, if
any, in cash or stock, will be issued, as needed and mutually agreed
upon by both PlayNet and Consultant.
2. Other than as specifically amended hereby, the terms and conditions of
the Consulting Agreement shall remain in full force and effect.
3. This Amendment and the Consulting Agreement shall be governed by, and
construed in accordance with, the laws of the State of Delaware.
IN WITNESS WHEREOF, the parties hereto, by their duly authorized
representatives, have signed this Agreement as of the date first above written.
XXXXX XXXXXXXX PLAYNET TECHNOLOGIES, INC.
By: /S/ Xxxxx Xxxxxxxx By: /s/ Xxxxxx Xxxxx
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Xxxxx Xxxxxxxx Xxxxxx Xxxxx
President and
Chief Executive Officer
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