AMENDMENT TO ASSET PURCHASE AGREEMENT DATED AUGUST 23, 2011
This Amendment made this 14th day of December, 2011
BETWEEN
PARTY A: Xx. Xxxxxxx Xxxxxxxx X.Xx.X.Xx. Ph.D
0000 Xxxxxxxxx Xxxxx, Xxxx 000
Xxxxxxxx X.X. X0X 0X0
AND
PARTY B: Peptide Technologies Inc
000 Xxxxx Xxxxxx
00xx Xxxxx
Xxxxxxx Xxxxxxxxxx 00000
WHEREAS:
1) Party A, along with Xxxxx XxXxxxxx, entered into the Asset Purchase
Agreement with Party B dated August 23rd 2011, filed with the United States
of Securities and Exchange Commission (SEC) on September 1st 2011.
2) Under the terms of the Asset Purchase Agreement, Party B purchased
Formulae for its Common Shares, issued from its Treasury.
3) Party A, wishes to amend "The said asset purchase agreement"
4) Party B, agrees to amend "The said asset purchase agreement".
NOW THEREFORE THIS AGREEMENT WITNESSTH THAT the parties hereto do covenant and
agree each with the other as follows:
Amendment:
A. Party B will pay to Party A, 1/2% (half of one percent) of all Gross
monies received by Party B from revenue produced from products derived
from the use of all the formulae listed in the Asset Purchase
Agreement. "(For example: Zebra Mussel Business plan Projects 1.18% of
USA Market would result in approximately US$6 Billion. Party A would
receive 1/2% of USD $6 Billion, USD $30,000,000.)
B. Party B will pay to Party A CDN$15,000 per month, commencing from
receipt of monies from the first contract signed to purchase products
derived from the use of the formulae.
C. The term of this agreement will be for a 5 Year period commencing from
the signing of the first contract to purchase products derived from the
use of the formulae. At the end of the term of this agreement, the
agreement will revert to a monthly basis as long as Party A remains as
"the scientific advisor" to Party B.
D. Party A acknowledges that all formulae listed in the Asset Purchase
Agreement are owned solely by Party B. Party A will not at any time
discuss any of these formulae outside of Party B and will not attempt
to use any part of any formulae for Sale, promotion, papers etc.
E. In consideration for these terms and remuneration above described Party
B will cancel all shares issued to Party A under the Asset Purchase
Agreement, as of the date of this Amendment.
Counterparts:
This Agreement may be executed in counterparts (including e-mail attachment
(PDF) or facsimile). Each such counterpart so executed and delivered will be
considered to be an original and such counterparts taken together will
constitute one and the same document.
WHEREAS PARTY A AND PARTY B HEREBY AGREE TO ALL HEREIN This agreement is
governed by the Law of British Columbia, Canada
Xxxxxxx Xxxxxxxx
Per: __________________________
Xxxxxxx Xxxxxxxx:
Peptide Technologies Inc.
Per _________________________ Per _______________________
Xxxxxxx Xxxxxxxxx-Xxxxxx Xxxxx XxXxxxxx
Per ________________________
Xxxxxxx Xxxxxxxxx
