EXHIBIT 10.29
AGREEMENT TO MODIFY A MEMORANDUM OF LICENSE AGREEMENT
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MADE AND ENTERED INTO ON THIS 15/TH/ DAY OF DECEMBER, 2000
BY AND BETWEEN: GATOR MARKETING CONCEPTS INC., a body politic
and corporate, duly incorporated according to
the laws of Barbados, having its head office
located at 000-000 Xxxxxx Xxxxx, Xxxxxxx
Xxxxxx, Xxxxxxxxxx, Xxxxxxxx, represented by
GDA International Trustees Inc., duly
authorized as they so declare, hereinafter
referred to as the
"GATOR"
AND: TELEHUBLINK CORPORATION, a body politic and
corporate, duly incorporated according to
the laws of Delaware, having a permanent
establishment located at 0000, Xx-Xxxxxxx
Xxxxxx, Xxxxx 000, in the city and judicial
district of Montreal, province of Quebec,
Canada, represented by Xxxxx Xxxxx, duly
authorized as he so declares, hereinafter
referred to as the
"TELEHUB"
PREAMBLE
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WHEREAS GATOR and TELEHUB have entered into a license agreement as of May 1/st/,
2000 (the "License Agreement");
WHEREAS the parties wish to modify the License Agreement;
NOW, THEREFORE, THE PARTIES HERETO WITNESSETH THEIR COVENANT AS FOLLOWS:
1. PREAMBLE
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The Preamble to the present Agreement shall form part of the Agreement
itself as if it were enumerated at length herein.
2. MODIFICATION TO THE ROYALTIES PAYABLE
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Section 8 of the License Agreement is modified as follows
a. ROYALTIES
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In consideration of the License granted herein, the Licensee
shall pay to the Licensor THREE HUNDRED FIFTY THOUSAND DOLLARS
($350,000.00) as royalties which royalty payment shall be made in
the manner provided hereinbelow on
3. OTHER MODIFICATIONS
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Section 10 of the License Agreement is modified as follows:
10. OMITTED VOLUNTARY
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3
3. GOVERNING LAW
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This Agreement is to be interpreted and construed in accordance with the
laws of Barbados.
4. ENTIRE AGREEMENT
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This Agreement contains the entire understanding of the parties and there
are no representations, warranties, promises, or undertakings other than
those contained herein. This Agreement supersedes and cancels all previous
agreements between the parties hereto.
IN WITNESS WHEREOF, THE PARTIES HERETO AGREE THAT THIS AGREEMENT SHALL TAKE
EFFECT AS OF THE DATE AND YEAR FIRST WRITTEN ABOVE.
GATOR MARKETING CONCEPTS INC.
Per: ________________________________
GDA International Trustees Inc.
Per. Xxxx Xxxxxxxx
TELEHUBLINK CORPORATION
Per: /s/ Xxxxx Xxxxx
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Xxxxx Xxxxx
