EXHIBIT 10.17 - WESTERN AMENDMENT
AMENDMENT
THIS AMENDMENT AGREEMENT dated April 26, 2005 ("Amendment") is by and
between Mac Filmworks, Inc. ("Purchaser") and Western International, Inc.
("Seller").
WITNESSETH
WHEREAS, Purchaser and Seller desire to settle certain financial
obligations set forth in the agreements between Purchaser and Seller dated
July 30, 1997 and August 30, 1997 (collectively, the "Agreements"); and
WHEREAS, Seller has the power and authority to enter into and carry out
the terms of this Agreement;
NOW THEREFORE, in consideration of the mutual representations, warranties
and covenants herein contained, and on the terms and subject to the
conditions herein set forth, the parties hereby agree as follows:
6. Purchaser agrees to pay to Seller Twenty Thousand Dollars ($20,000) upon
the execution of this Amendment (the "Payment").
7. Purchaser agrees that Seller shall retain all funds previously paid by
Purchaser to Seller.
8. Seller agrees to cancel all notes issued by Purchaser to Seller pursuant
to the Agreements and further agrees to release all security liens, claims
or encumbrances.
9. Seller agrees to transfer back to Purchaser the 50,000 shares of Mac
Filmworks, Inc. common stock issued to seller as part of the compensation
due Seller under the Agreements. Said transfer shall take place within
thirty (30) days of the execution of this Amendment.
10. Seller agrees to immediately furnish to Purchaser upon the receipt by
Seller of the Payment the 1st transfers listed below:
Daughters of Death
Encore
Gladiator, The
Good Idea, The
Line of Fire
Mazes and Monsters
Mesmerized
Scandal Sheet
Who Murdered Xxx Xxxxxx
Woman Accused, A
All other terms and conditions of the Agreements shall remain in full force
and effect.
IN WITNESS WHEREOF, the parties hereto have executed and delivered
this agreement as of the day and year first above written.
WESTERN INTERNATIONAL, INC.
//s// XXX XXXXXXXX
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Xxx Xxxxxxxx, President
MAC FILMWORKS, INC.
//s// XXX XXXXXXXXXX
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Xxx XxXxxxxxxx, President
