Contract
EXHIBIT
10.2
AMENDMENT
TO STRATEGIC AGREEMENT
WHEREAS,
GENERAL DYNAMICS C4 SYSTEMS, INC
(formerly General Dynamics Government Systems Corporation) (hereinafter referred
to as “GDC4S”)
and
MEDIS
TECHNOLOGIES, LTD.
(hereinafter referred to as “MEDIS”)
entered
into a Strategic Agreement (the “SA”)
dated
April 5, 2001 under which GDC4S will market direct liquid fuel cells
designed by MEDIS and MORE Energy LTD (a majority owned subsidiary of MEDIS)
(“GDC4S” and “MEDIS” shall at times be referred to individually as “Party” and
collectively as the “Parties”) on a exclusive basis to the United States
Department of Defense and Department of Homeland Security; and
WHEREAS,
the
parties wish to extend the term of the SA.
NOW
THEREFORE,
the
Parties agreed as follows:
| 1. |
The
duration and effectivity (the “TERM”) of the SA as set forth in provision
4.1.3 thereof and previously modified by an amendment to the SA is
modified and changed from December 31, 2006 to December 31,
2008. All other provisions of the SA are unchanged and remain in
full
force and effect.
|
IN
WITNESS WHEREOF,
the
Parties have caused this Amendment to be duly executed on this 30th
day of
May 2005.
| MEDIS TECHNOLOGIES, LTD | GENERAL DYNAMICS C4 SYSTEMS, INC. |
| By: /s/ Xxxxxx
Xxxxxx
|
By: /s/ Xxxxxxx X.
Xxxxxx
|
|
Name: Xxxxxx
Xxxxxx
|
Name: Xxxxxxx X. Xxxxxx |
| Title: Chairman & CEO | Title: Sr. Manager of Contracts |
