EXHIBIT 10.10
AMENDMENT NUMBER TWO
TO
MR3 TECHNOLOGY ACQUISITION AGREEMENT
The Technology Acquisition Agreement ("Agreement") executed the 10th
day of April, 2002 ("Effective Date"), by and between Linsa Associates, Ltd.,
and MR3 Systems, Inc., is hereby amended, to redefine "Restricted Areas" under
Section 1.3 of the Agreement as set forth on the attached amended Exhibit B.
WHEREAS, the parties have executed this Amendment Number Two in
counterparts, each of which shall be deemed an original, as of February 26,
2004.
LINSA ASSOCIATES, LTD. MR3 SYSTEMS, INC.
By: /s/ XXXXXXXXX XXXXXXXXXXX By: /s/ XXXXXXX X. XXXX
------------------------------ --------------------------------
Xxxxxxxxx Xxxxxxxxxxx Xxxxxxx X. Xxxx, Chairman
Title: Director
Date: 17-3-2004
By: /s/ XXXX SIGRISO
------------------------------
Xxxx Sigriso
Title: Director
Date: 17-3-2004
LINSA LTD
By: /s/ XXXXXXXXX XXXXXX This Amendment number 2 and Exhibit B
------------------------------ form an integral part of the Acquisition
Xxxxxxxxx Xxxxxx Agreement dated 10-04-02, which has been
Title: Director assigned on 20-06-02 from Linsa
Date: 26-3-200 Associates Ltd. to Linsa Limited.
By: /s/ XXXXXXXXX XXXXXXXXXXX
------------------------------
Xxxxxxxxx Xxxxxxxxxxx
Title: Director
Date: 26-3-2004
EXHIBIT B
1. Restricted Areas are defined as the following countries, each a
Restricted Area:
(a) Taiwan
(b) Egypt
(c) Also includes any transactions done outside of a Restricted
Area with subsidiaries or affiliates of companies
headquartered within a Restricted Area, provided that LINSA is
transacting business with such companies within the Restricted
Area at the time of any such outside transaction.
2. LINSA shall have the right to operate under this Agreement outside of
the Restricted Areas, on a worldwide non-exclusive basis. LINSA shall
receive prior written confirmation from MR3 acknowledging a client as
LINSA's bona fide new prospect and MR3 agrees to protect LINSA and not
to circumvent LINSA to deal directly with any such prospect, without
LINSA's prior written consent.
3. No transaction under Section 2 of this Exhibit B shall be structured as
a technology transfer transaction without the prior written consent of
MR3.
2
