FIRST AMENDMENT
Exhibit B
This First Amendment (“Amendment No. 1”) is dated June 16, 2005 and is the first amendment to the CONSULTING SERVICES AGREEMENT dated May 25, 2005 which was among and between Stanton, Walker & Company and SoftNet Technology Corp.
It is hereby agreed that the Consulting Services Agreement shall be amended:
Further Agreement
As consideration for Consultant working on Business Development and for providing General Business Consulting Services, Client agrees to cause shares of its common stock (the “Additional Consideration”), par value $.001 per share, to be issued to Xxxxxxx X. Xxxxxxx and Xxxxxxx X. Xxxxxx, affiliates of Stanton, Walker & Company. The total number of shares shall be 250,000 and shall be divided in two and issued in equal quantities of 125,000 shares to Xxxxxxx X. Xxxxxxx and to Xxxxxxx X. Xxxxxx. When issued, said shares shall be free trading shares, registered with the U.S. Securities and Exchange Commission on its Form S-8 or similar registration. The registration and issuance of the 250,000 shares shall take place no later than June 17, 2005. All costs in connection therewith shall be borne by client.
All other terms and conditions shall remain the same.
* S I G N A T U R E P A G E F O L L O W S*
First Amendment dated June 6, 2005 Page 2
CLIENT: SOFTNET TECHNOLOGY CORP. (STTC)
/s/___James Farinella_______________________________
By: Xxxxx Xxxxxxxxx
Title: President & C.E.O.
Date: June 6, 2005
CONSULTANT: STANTON, WALKER & COMPANY
/s/___Richard Stanton______________________________
By: Xxxxxxx Xxxxxxx
Its Managing Director
Date: June 6, 2005