EXHIBIT 10.2
SCHOOLWEB SYSTEMS INC.
#000-000 Xxxx Xxxxxxxx Xxxxxx
Xxxxxxxxx, XX X0X 0X0
Phone: (000) 000-0000
Fax: (000) 000-0000
June 29, 2001
Advanced Interactive Inc.
718-1350 Xxxx Xxxxxxxx Xxxx
Xxx Xxxxx, Xxxxxx 00000
Attention: Xxxxx Xxxxxxx
-and-
Advanced Interactive Canada Inc.
0000-0000 Xxxx Xxxxxxxx Xxxxxx
Xxxxxxxxx, XX X0X 0X0
Attention: Xxxxx X. Xxxxx
Dear Sirs:
Re: License Agreement dated January 1, 2001 (the "Agreement")
This letter is written to confirm as follows:
1. The license agreement dated January 1, 2001 (the
"Agreement") between Advanced Interactive Inc. ("AII Nevada"),
Advanced Interactive Canada Inc. ("AII Canada") and SchoolWeb
Systems Inc. (formerly Alternet Systems Inc.) ("SchoolWeb")
states, in Section 5.1(c), that SchoolWeb shall issue shares to
AII Nevada for the license as follows:
"Also, in consideration of the license granted, and on
execution of this Agreement, Alternet will issue to AII
Nevada the greater of 2,000,000 of its common shares,
or an amount equal to 25% of Alternet's totally issued
and outstanding common shares at the date of execution
of this Agreement."
2. The Agreement is hereby amended such that the amount of
shares which are granted is:
"Also, in consideration of the license granted, and on
execution of this Agreement, Alternet will issue to AII
Nevada 2,500,000 of its common shares."
3. In all other ways, the Agreement remains in full force and effect.
If this accurately describes your understanding of our agreement,
please so indicate by signing below and returning a copy of this
letter to our offices at (000) 000-0000.
Upon execution hereof, this letter becomes an amendment to the
Agreement binding upon its terms.
Yours truly,
SCHOOLWEB SYSTEMS INC.
/s/ Xxxxxxx Xxxxxxxxxxx
Xxxxxxx Xxxxxxxxxxx, Director
The terms of the Agreement above are hereby read, understood,
acknowledged and accepted by the undersigned effective the 29th
day of June, 2001.
ADVANCED INTERACTIVE INC.
By Its Authorized Signatory
/s/ Xxxxx Xxxxxxx
Xxxxx Xxxxxxx, President and Director
ADVANCED INTERACTIVE CANADA INC.
By Its Authorized Signatory
/s/ Xxxxx Xxxxx
Xxxxx Xxxxx, President and Director
