Exhibit 10.11
Amendment "A"
Applied NeuroSolutions
Page 1
December 15, 2003
Xx. Xxxxx X. Xxxxxx, CEO
Applied NeuroSolutions, Inc.
00 Xxxxxxxx Xxxxx, Xxxxx 000
Xxxxxx Xxxxx, XX 00000
Dear Xxxxx:
RE: Amendment "A" to Letter Agreement dated June 20, 2003
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Hemoxymed, Inc. ("Company") and Equity Communications, LLC ("EC") entered into a
written agreement by letter dated June 20, 2003 (the "Letter Agreement"). A true
and accurate copy of the Letter Agreement is attached hereto as Exhibit "A" and
incorporated herein for all purposes.
The Company has subsequently changed its name to Applied NeuroSolutions.
Pursuant to the Letter Agreement, The Company has delivered to EC Common Stock
Purchase Warrant No. ANS-A-1 ("Warrant Document") on November 12, 2003.
Applied NeuroSolutions and EC now are desirous of amending the Letter Agreement
as set forth below, for valuable consideration, the receipt of which is hereby
acknowledged.
The provisions of paragraph number 3 are deleted and replaced with the
following, as set forth herein below:
3.) In addition to the compensation described in paragraph one above,
Applied NeuroSolutions agrees to grant to EC and/or its assigns a
warrant (the "Warrant") to purchase one million (1,000,000) of its
common shares, at a price of twenty cents ($.20) per share, as
compensation for services rendered.
(3a) The Warrant shall be fully vested on or before December 31, 2003.
Amendment "A"
Applied NeuroSolutions
Page 2
(3b) The Warrant shall be exercisable at any time until it expires on
September 2, 2008.
(3c) Applied NeuroSolutions agrees, at no cost to EC, to register the
shares underlying the Warrant in its next registration statement,
which is expected to be submitted on or before March 31, 2003
The company agrees to provide EC, on or before January 31, 2004, with
documentation reflecting this amendment. It may, at its convenience, choose to
amend the already issued Warrant Document, or issue a second Warrant Document to
reflect the provisions of Amendment "A " as set forth above.
All other provisions of Letter Agreement are unchanged and are republished in
their entirety except as otherwise provided for herein above.
The above amendments are agreed to modify the Letter Agreement. There are not
other oral agreements concerning this manner
Very truly yours,
EQUITY COMMUNICATIONS, LLC
Xxx Xxxxxxxxxx, President
AGREED TO:
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By: Xxxxx Xxxxxx, Chief Executive Officer Dated
Attachment: Letter Agreement dated June 20, 2003
