ADDENDUM TO AN AGREEMENT BETWEEN
ASPO/LAMAZE AND MEDICAL COMMUNICATIONS CORPORATION
This Addendum is entered into between the AMERICAN SOCIETY FOR
PSYCHOPROPHYLAXIS IN OBSTETRICS, INC. ("ASPO/Lamaze") and LIFETIME INSTITUTE FOR
FAMILY EDUCATION, INC. ("Life"), a successor in interest to MEDICAL
COMMUNICATIONS CORPORATION ("MCC")
WHEREAS, ASPO/Lamaze and MCC, a predecessor to Life, entered into an
October 14, 1989 Agreement between ASPO/Lamaze and Medical Communications
Corporation (the "Agreement"); and
WHEREAS, Section 20(b) of such Agreement required payment to
ASPO/Lamaze of a royalty equal to three percent (3%) of Gross Revenue per
cassette and Section 20 (c) of such Agreement required payment to ASPO/Lamaze of
an Educational Consulting Fee equal to five percent (5%) of Gross Revenue per
cassette; and
WHEREAS, throughout the Agreement ASPO/Lamaze has been paid a royalty
at a rate equal to two percent (2%) of Gross Revenue per cassette and an
Educational Consulting Fee at a rate of four percent (4%) of Gross Revenue per
cassette; it is agreed by both parties that this was a correct and complete
payment; and it is the intent of both parties that this level (i.e., 2% royalty
and 4% Educational Consulting Fee) continue in the future;
NOW, THEREFORE, in consideration of the mutual promises contained
herein and other good and valuable consideration receipt of which is hereby
acknowledged, the parties hereto agree as follows:
1. Section 20(b) of the Agreement shall be revised by substituting for the words
"three percent (3%)" the words "two percent (2%)."
2. The example at Section 20(b) of the Agreement shall be revised by
substituting for the words "royalty of $.156 per cassette" the words "royalty of
$.104 per cassette" and by substituting for the words "$31,200 royalty" the
words "$20,800 royalty."
3. Section 20(c) of the Agreement shall be amended by substituting for the words
"five percent (5%)" the words "four percent (4%)."
4. The Agreement shall continue in full force and effect, as amended herein.
IN WITNESS WHEREOF, the undersigned have executed this Agreement
intending to be bound thereby effective October 14, 1989 forward.
AMERICAN SOCIETY FOR PSYCHOPROPHYIAXIS
IN OBSTETRICS, INC
Date: 12/9/92 By: /s/ Xxxxxx Lathian
------------------------- ---------------------------------
Title: President
LIFETIME INSTITUTE FOR FAMILY EDUCATION,
INC. (successor in interest to MEDICAL
COMMUNICATIONS CORPORATION)
Date: 12/7/92 By: /s/ Xxxxx Xxxxxxx
------------------------- ---------------------------------
Title: President
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