AMENDMENT TO INTELLECTUAL PROPERTY ASSIGNMENT
AND ROYALTY AGREEMENT
The Intellectual Property Assignment and Royalty Agreement dated as of the
14th day of May, 2002, between USDR AEROSPACE, LTD., a Texas limited
partnership, (hereinafter "Assignor") and U.S. GLOBAL NANOSPACE, INC. (formerly
USDR GLOBAL AEROSPACE, LTD.), a Delaware corporation (hereinafter "Assignee"),
is hereby amended by the parties pursuant to the terms thereof to add the
following provision:
The term "sales" as used herein shall include all net revenues
received by Assignee from any and all sales and/or licensing of products
and/or services, including, without limitation, net revenues received by
Assignee from licensing of intellectual property rights and from providing
consulting services to others. This Agreement will remain in full force
and effect in accordance with its terms notwithstanding the expiration of
any patents, trademarks or other intellectual property rights underlying
the Intellectual Property, as Assignee acknowledges and agrees that the
Intellectual Property is the foundation for all of Assignee's products and
services.
IN WITNESS WHEREOF, the Parties hereto have duly executed this amendment
as of the date set forth below.
Dated: November 28, 2005
USDR AEROSPACE, LTD.
By:
------------------------------
Name:
Title:
US GLOBAL NANOSPACE, INC.
By:/s/ Xxxx X. Xxxxxxxx
------------------------------
Name: Xxxx X. Xxxxxxxx
Title: Chief Executive Officer
