Ratification and Extension Agreement
Exhibit 10.3.1
Ratification and Extension Agreement
THIS Agreement is made and entered into this 11th day of July, 2008, by and between Millennium Group Worldwide Incorporated, a Florida corporation with its principal place of business at 0000 X. 00xx Xxxxxx, Xx. Xxxxxxxxx, Xxxxxxx 00000 (“MGW”), and Prism Real Estate, Inc., a Minnesota corporation with a principal place of business at 0000 Xxxxxxx Xxxxxxxxx, Xxxxx 000 Xxxxxxxxxxx, XX 00000 (hereinafter referred to as “Prism”).
WHEREAS, MGW have entered into a Joint Venture agreement dated May 11, 2007 (the “Prior Joint Venture Agreement”);
WHEREAS, the Prior Joint Venture Agreement Addendum (at Section Now, Therefore Paragraph 2) was conditioned upon MGW obtaining adequate funding under its Form S-1 Registration, such period of time having already expired as a function of the registration and review process;
WHEREAS, both MGW and Prism wish to ratify the Prior Joint Venture Agreement Addendum and extend the period that will satisfy the Section Now, Therefore Paragraph 2 (c) condition as to timing.
NOW, THEREFORE, the parties agree as follows:
|
|
|
|
|
|
1. |
MGW and Prism hereby ratify the Prior Joint Venture Agreement in all respects; |
|
|
|
|
|
|
2. |
Section Now, Therefore Paragraph 2 (c) relating to timing of funding is extended to August 15, 2008; and |
|
|
|
|
|
|
3. |
This Agreement, together with the Prior Joint Venture Agreement and Amendments as hereby incorporated by reference, constitutes the entire understanding between the parties relating to the subject matter hereof, and no amendment or modification to this Agreement shall be valid or binding upon the parties unless made in writing and signed by each party. |
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first written above.
|
|
|
|
|
MILLENNIUM GROUP WORLD INCORPORATED |
|
PRISM REAL ESTATE INC. |
|
|
|
|
|
|
|
/s/ |
|
|
|
|
|
/s/ Xxxxxx Xxxxxxx, Xx. |
|
(Signature) |
|
|
|
|
|
(Signature) |
|
|
|
Xxxxxx Xxxxxxx, Xx, President |
|
(Typed or Printed Name and Title) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Contrato SMC - LTD |
|
|
