AMENDMENT TO ASSIGNMENT AGREEMENT
Maxxplay Enterprises Inc - xxxxXxxx.xxx Inc
Maxxplay Enterprises, Inc.
("Maxxplay")
and
xxxxXxxx.xxx, Inc.
("MaxxZone ")
This Amendment to Assignment Agreement dated June 26, 2000
(the "Agreement") is made and entered into as of May 22,
2002, by and between Maxxplay Enterprises Inc, a company
incorporated under the laws of the State of Nevada
("Maxxplay"), and xxxxXxxx.xxx, Inc., also a
company incorporated under the laws of the State
of Nevada ("MaxxZone"), (hereinafter the "Parties").
DEFINITIONS
All terms shall have the same meaning as in the Agreement.
Maxxzone, Maxxzone or Maxxzone's shall mean MaxxZone.
Maxxplay or Maxxplay's shall mean Maxxplay.
RECITALS
The parties wish to amend and restate Article I of the
Agreement.
ACCORDINGLY, for good and valuable consideration, and in
further consideration of the forgoing and the mutual
covenants, agreements, representations and warranties
herein contained, the Parties hereby further agree as
follows:
Article 1 RIGHTS is hereby amended and restated entirely to
read as follows:
1.1. Assignment of hosting rights. Maxxplay hereby assigns
to Maxxzone the exclusive rights to host on Maxxzone's
internet website the Maxx Axxess Program, all related
MaxxSports, and all related clubs, associations, events,
internet marketing and promotional activities.
1.2 Grant of website rights. Maxxzone is also granted
exclusive internet rights to a website to sell the products
set forth in Maxxzone's registration statement on Form 10-SB
and any and all future MaxxSports products developed by
Maxxplay or Maxxplay's subsidiaries.
1.3 Territory. These rights are granted solely for the
internet and solely for the territory of North America,
which includes the USA, Canada, Mexico, Bermuda, Puerto
Rico, the Bahamas and the Caribbean Islands.
1.4 Maxxzone's obligations. With respect to the Maxx
Axxess Program, Maxxzone's obligations are limited to
maintaining the information requested by Maxxplay on
Maxxzone's website.
1.5 Payments to Maxxzone. Maxxzone will receive percentage
of each specific Maxx Axxess and Maxxplay program and
product licensing, franchising and endorsement fee as
negotiated between Maxxzone and independent third-party
marketing agencies and/or Maxxplay. It is anticipated that
Maxxzone's share of such fees will be in the range of 10-25%
depending upon the amount of benefit that maintaining the
information specified in section 1.3 on Maxxzone's website
and the value the related internet presence brings.
Maxxzone will receive a percentage of all revenue generated
by the Maxx Axxess Program in Maxxzone's territory, as
described above, whether generated through Maxxzone's
website or not.
1.6 Rights retained by Maxxplay. Maxxplay retain the rights
to market the Maxx Axxess Program - including the proposed
hosting and internet promotion of related MaxxSports clubs,
associations, events; and all related licensing,
franchising, endorsement and other internet marketing and
promotional programs to be carried out for Maxxzone
exclusively by Maxxplay for the modified yet real ball
sports games, or MaxxSports, which will be played using the
products Maxxzone sells.
1.7 Marketing of the Maxx Axxess Program. All marketing
efforts will be conducted exclusively by Maxxplay. The cost
of these marketing activities is the exclusive
responsibility of Maxxplay, and not Maxxzone.
All other provisions of the assignment agreement shall
remain in full force and effect. In the event of a conflict
between the terms of the original assignment agreement and
this amendment, the terms of this amendment shall control.
IN WITNESS WHEREOF, the parties hereto have executed this
Amendment to Agreement as of the day and year first above
written.
For and on behalf of
Maxxplay Enterprises, Inc.
By: /s/ Xxxxxx Xxxxxx
---------------------------
President
For and on behalf of
xxxxXxxx.xxx, Inc.
By: /s/Xxxxxx Xxxxxx
---------------------
President
