AMENDMENT TO 01 JUNE 1996
EXCLUSIVE DISTRIBUTION AND SUBLICENSE AGREEMENT
BETWEEN
TWINVISION CORPORATION OF NORTH AMERICA, INC. AND RTI
Page #: 1
The following modifications to the above noted document were agreed and accepted
at time of execution of that document. These modifications are stated here for
record and clarity purposes; refer to the full agreement document where
indicated to see the exact context of the changes:
A.) PAGE 4; ARTICLE VI; PARAGRAPH 6.2: Added at the bottom of this page, as a
new closing to this Paragraph 6.2 is the following: "In the event DRI (DEFINED
HERE FOR THIS PURPOSE ONLY TO MEAN TWINVISION NA) has not terminated the
licensing agreements (DEFINED HERE FOR THIS PURPOSE ONLY TO MEAN THE ABOVE
STATED EXCLUSIVE DISTRIBUTION AND SUBLICENSE AGREEMENT) during a 6 year period
and has fulfilled its contracts including the Services Agreement (DEFINED HERE
FOR THIS PURPOSE ONLY TO MEAN THE SERVICES AGREEMENT DATED 19 APRIL 1996 AS
BETWEEN RTI AND DIGITAL RECORDERS) in all respects, it is agreed that no further
payments in any form will be due RTI.
B.) PAGE SEVEN (7); PARAGRAPH 8.3: Strike the words "or any successive term of
the" and replace with the words "3 year".
C.) RELATED TO THE EXCLUSIVE DISTRIBUTION AND LICENSE AGREEMENT to which the
above noted EXCLUSIVE DISTRIBUTION AND SUBLICENSE AGREEMENT RELATES, it is
understood throughout that the shipping and payment terms are:
i.) payment by letter of credit.
ii.) FOB point is sea or air port of departure in Taiwan.
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The following modification to the above noted document is proposed at this date
by RTI following advise of legal counsel. This modification is stated here for
record and clarity purposes and for acceptance by the parties; refer to the full
agreement document where indicated to see the exact context of the changes:
D.) PAGE 4; ARTICLE VI; PARAGRAPH 6.2 AS AMENDED IN A.) ABOVE: Add, at the end
of the above noted modification, further words of "under this SUBLICENSE".
Agreed and Accepted:
TWINVISION CORPORATION OF NORTH AMERICA, INC.
By: ___________________________________ Date: ______________
X. Xxxxxxxx X. Xxxxxxxx; Chairman
RTI:
By: ___________________________________Date: _______________
Xxxxx X. Xxxxxx; Principal
