C:\Filings\IQ November 2004\MLA Amendment #1.rtf
Your Internet
Utility Company TM
0000 Xxxxxxxx Xxxxx, Xxxxx 00
Tacoma, WA 98402
000.000.0000 Phone
000.000.0000 Fax
Xxxxxx.xxx
TO MASTER LICENSE AGREEMENT AMENDMENT #1
The Insynq Master License Agreement effective October 4, 2004 by and between
Insynq, Inc. ("Insynq") and Aptus Corp. ("Aptus") is hereby amended as set forth
below.
WHEREAS, the parties wishes to amend and add certain terms and conditions of the
Agreement; and
NOWTHERFORE IT IS AGREED,
1. Introduction. Is hereby amended as follows:
"....and InsynQ, Inc. ("InsynQ"), a Delaware corporation, having its principal
place of business at 0000 Xxxxxxxx Xxxxx Xxxxx 000, Xxxxxx, XX 00000. SHALL READ
"...and Insynq, Inc. ("Insynq"), a Nevada corporation, having its principal
place of business at 0000 Xxxxxxxx Xxxxx, Xxxxx 000, Xxxxxx, XX 00000.
2. Recitals. The following section is hereby added as "E" of the Agreement:
E. WHEREAS, Insynq wishes, as part of the compensation under this
Agreement, to purchase licenses of MyBooks Professional for resale or rental.
3. Compensation. The following section is hereby added as Section 4.1.4 of the
Agreement:
Insynq shall additionally receive 1,500 licenses at a discounted rate
of $400.00 per license.
4. Term. The term of this Amendment shall be coterminous with the Agreement.
5. Signature. This Amendment may be signed in one or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute on
and the instrument.
Accepted by:
Insynq, Inc. Aptus Corp.
/s/ Xxxx X. Xxxxx /s/ Xxxxxx X. Xxxx
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Authorized Signature Authorized Signature
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Name Name
Xxxx X. Xxxxx Xxxxxx X. Xxxx
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Title Title
October 20, 2004 October 20, 2004
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Date Date
