Exhibit 10.14
AMENDMENT TO SOFTWARE SALE, DEVELOPMENT
AND PREPAID LICENSE AGREEMENT
Ref: That certain Software Sale, Development and Prepaid License Agreement
made and entered into effective this 27th day of January, 2003 and between
PocketSpec Technologies Inc., a Colorado Corporation, hereafter referred to as
("PocketSpec"), Xxxxxx Xxxxxx, dba Tyger POS, whose address is 0000 Xxxxx Xxxxx
Xxxx, Xxxxxxxx, Xxxxxxxx 00000 as to a 75% interest and Tyger POS - Advanced
Restaurant Technologies, LLC of P O. Bog 442, Firestone, Colorado 80520, as to
an undivided 25% interest, hereafter referred to as ("Software Provider").
PocketSpec and Software Provider agree to the following amendment:
1) PocketSpec is confident of the success of the software products being built
and continued to be built.
2) Software Provider is confident of the success that PocketSpec will have in
reselling its software.
3) PocketSpec paid to Software Provider:
$10,000 in checks; 190,000 shares of S-8 stock valued at $28,428; $3,072
worth of computer equipment, all totaling $41,500, and now
PocketSpec will issue 468,750 shares of common stock to Software Provider
at a value of $37,500 and Software Provider has no further options to buy
stock from PocketSpec and there is no profit participation on the sale of
any stock. These stocks are restricted under SEC Rule 144 and application
for sale may be made after April 30, 2004. The stocks to be issued for
convenience as follows: 351,563 shares to Xxxxxx Xxxxxx and 117,187 shares
to Xxxxxxx Xxxxxxx.
Software Provider agrees though the S-8 stock is earned, not to sell more
that $1,000 worth of the stock that they have commencing the week of May
12, 2003.
4) PocketSpec's continued obligation from the sale of its software products
described in the January 27, 2003 agreement are limited to $100 for each
system sold after PocketSpec sells its first 300 systems and the limit of
liability on the part of PocketSpec is $121,000 and the liability is
strictly conditioned on the sale of software in accordance with the terms
of the January 27, 2003 agreement, provided however, there is not liability
to pay any additional money unless PocketSpec sells more than 300 of the
systems provided by Software Provider.
5) Except as set forth herein all other terms and conditions of the January
27, 2003 agreement remain in effect. The Amendment effective this 30th day
of April, 2003.
THE PARTIES HAVE READ THIS AGREEMENT CAREFULLY AND UNDERSTAND ITS TERMS.
Software Provider:
/s/ Xxxxxx Xxxxxx
---------------------------
Xxxxxx Xxxxxx dba Tyger POS,
Tyger POS -Advanced Restaurant Technologies, LLC
/s/ Xxxxxxx Xxxxxxx
------------------------
Xxxxxxx Xxxxxxx, Manager
POCKETSPEC:
POCKETSPEC TECHNOLOGIES INC.
/s/ F. Xxxxxxx Xxxxxx
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F. Xxxxxxx Xxxxxx, President
