AMENDMENT # 1 TO ASSET PURCHASE AGREEMENT
AMENDMENT # 1 TO ASSET PURCHASE AGREEMENT
This Amendment to Asset Purchase Agreement (this “Agreement”) originally contemplated for closing on February 19, 2002 (“the Execution Date”), by and between Project 1000, Inc., a Nevada corporation with a place of business at 000 Xxxxx 00xx Xxxxxx, Xxxxx 000, Xxxxxxx, Xxxxxxx 00000 (“P1”), on the one hand, and Fan Energy, Inc., a Nevada corporation, with a place of business at 00000 Xxxxx Xxxxx Xxxx. Xxxxx 0000, Xxxxxxx, XX 00000 (“FEI”), on the other hand.
The Asset as defined in section 2.4 of the Agreement is P1‘s “Digital Content Cloaking Technology™", known as MediaClôQ™ or MediaMaker™ (“P1 Technology”), which is a set of methodologies that are designed to work together to thwart illegal copying or ripping of optical media that complies to IEC 90608 Redbook standards.
The purpose of this Amendment is to extend to Execution and Effective Date of the Agreement to May 3, 2002.
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized representatives, effective as of the date first above written.
PROJECT
1000, INC.
FAN ENERGY, INC.
____________________________
____________________________
By: Xxxxxxx X. Xxxxxxxx
By: Xx Xxxxxxx
Its: President
Its: Secretary
