AMENDMENT No.1 TO STRATEGIC ALLIANCE FRAMEWORK AGREEMENT BETWEEN 10XU, IDE BUSINESS SCHOOL AND ROKK3R INC
Exhibit 10.23
AMENDMENT No.1 TO
BETWEEN
10XU, IDE BUSINESS SCHOOL AND ROKK3R INC
The Strategic Alliance Framework Agreement signed on October 10, 2017 (the "Agreement") is modified through this legal instrument in accordance with the following voluntary clauses and declarations (the "Amendment No.1")
CONSIDERING
1. That the terms defined in the Agreement shall maintain the meaning attributed to them therein unless otherwise
indicated in this document.
FIRST CLAUSE.
- PARTICIPATING ENTITIES:
The following parties participate in the execution of this Amendment No.1:
1. 10XU, Inc.,
A for-profit corporation, existing and operating under the laws of the State of Florida, United States of America, domiciled at 0000 XX 0xx Xxxxxx, Xxxxx 000, Xxxxx, Xxxxxxx (33127), represented by Xxxx Xxxxxxx in his capacity as Legal
Representative and Xxxxxxx xx Xxx in his capacity as President (Chief Executive Officer) ("10XU").
2. IDE Business
School, Escuela de Negocios de la Universidad de los Hemisferios, a non-profit institution of higher education, created in accordance with Ecuadorian law, domiciled at Xxxxxxx Xxxxx 000 xxx Xxxxx Xxxxxxx, Xxxxx, Xxxxxxx, represented by
Diego Xxxxxxxxx Xxxxxxxxx Xxxxxx, Xxxx of the Universidad de los Hemisferios, and therefore, its Legal Representative and Xxxxxxxxx Xxxxxxxxxxx Xxxxxxxx, in his capacity as Director General and duly authorized by a power conferred by the Xxxx of
the University ("IDE").
3. Rokk3r Inc., a for-profit corporation, existing and operating under the laws of the State of Nevada, United States
of America, domiciled at 0000 XX 0xx Xxxxxx, Xxxxx 000, Xxxxx, Xxxxxxx (33127), represented by Xxxxxx Xxxxxxx in his capacity as Chief Operating
Officer ("Rokk3r").
Which may be called individually the "Party" and collectively the "Parties."
SECOND CLAUSE.
- BACKGROUND:
The following paragraph referring to the background of Rokk3r is added to the Second Clause of the Agreement, as
follows:
"3. Rokk3r provides consulting services and related strategies for generating value through a technological platform.
It offers a set of services that is a hybrid network of human intelligence systems and machine learning that allows technology companies in early stages and existing companies to develop new products and companies. The company was formerly known as
Eight Dragons Company and changed its name to Rokk3r Inc. on March 2018. Rokk3r is listed on the stock exchange in the OTC market under the symbol ROKK. Rokk3r is the process of absorbing the operations of 10XU and will therefore assume the
obligations derived from the Agreement "
THIRD CLAUSE.
- ASSIGNMENT:
For this Amendment, IDE authorizes and expresses its authorization for 10XU to fully and definitively assign the
Agreement to Rokk3r. For its part, Rokk3r accepts this assignment assuming all the rights and obligations of 10XU under the Agreement. IDE and Rokk3r release 10XU through the signing of this document of all its obligations under the Agreement which
are assumed by Rokk3r under the terms of the Agreement and this Amendment No.1.
FOURTH CLAUSE.
- NAME OF THE CENTER:
The Parties agree that henceforth the Center for Entrepreneurship and Innovation will be called "Rokk3r - IDE."
FIFTH CLAUSE.
- COMMITMENTS BETWEEN THE PARTIES:
The Parties agree to modify section 3.2 of the Fourth Clause of the Agreement so that from now on it may read:
"3.2 Keep updated the content of
the Center already generated and contributed by 10XU."
SIXTH CLAUSE.
- DURATION OF THE AGREEMENT:
The Parties agree to modify the Sixth Clause of the Agreement so that from now on it may read:
"SIXTH CLAUSE. - DURATION OF THE AGREEMENT:
This Agreement has a duration of five years, extendable indefinitely for periods of equal duration. The Parties may
terminate this Agreement by mutual agreement or at the request of one of the Parties by means of a written communication addressed to the other Party where the intention to terminate the Agreement is announced at least three months in advance of
the date of completion of the initial period or of any of the renewals. "
SEVENTH CLAUSE.
- PROPERTY AND INTELLECTUAL RESERVE:
The Parties agree to clarify the third paragraph of Clause Six of the Agreement so that from now on it may read:
"If an employee of the Center generates a new development, it would be jointly owned. In this case, neither of the
Parties may declare such development as exclusive property, nor may it patent it or register in its name such inventions or improvements resulting from this relationship without the participation of both Parties. Any other development derived from
a work of authorship of any of the Parties, shall remain the property of said Party. "
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In keeping with the foregoing, the Parties sign this instrument, exchanging signatures, this November 30, 2018 ("Date of Amendment No. 1").
SDI
/s/ Diego Xxxxxxxxx Xxxxxxxxx Xxxxxx
Xxxxx Xxxxxxxxx Xxxxxxxxx Xxxxxx
Xxxxxx University of the Hemispheres
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SDI
/s/ Xxxxxxxxx Xxxxxxxxxxx Xxxxxxxx
Xxxxxxxxx Xxxxxxxxxxx Xxxxxxxx
General Director IDE
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ROKK3R
/s/ Xxxxxx Xxxxxxx
Xxxxxx Xxxxxxx
Chief of Operations (COO)
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10XU
/s/ Xxxx Xxxxxxx
Xxxx Xxxxxxx
Legal Representative
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10XU
/s/ Xxxxxxx xx Xxx
Xxxxxxx xx Xxx
President (CEO)
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