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EXHIBIT 4.22
FIRST AMENDMENT
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FIRST AMENDMENT
This First Amendment is made as of the 7th day of January, 2001, by and between
SHARED TECHNOLOGIES CELLULAR, INC. (the "Company"), and XXXXXXX XXXXXX
("XXXXXX"), hereby amending that certain referral agreement dated November 28,
2000 by and between the Company and XXXXXX (the "Agreement").
NOW THEREFORE, in consideration of the promises and covenants contained herein,
the receipt and adequacy of which are acknowledged, the parties agree as
follows.
1. First Amended Exhibit A, Commission Schedule.
Effective as of the date first written above, Exhibit A to the Agreement is
hereby superseded in its entirety with the First Amended Exhibit A attached
hereto and made a part hereof.
IN WITNESS WHEREOF, the parties hereto have executed this First Amendment by
their duly authorized agents as of the date first written above.
Shared Technologies Cellular, Inc. Xxxxxxx Xxxxxx
By: /s/ XXXX X. XXXXX /s/ XXXXXXX XXXXXX
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Its: Executive Vice President Date: January 7, 2001
Date: January 7, 2001
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EFFECTIVE DATE: JANUARY 7, 2001
FIRST AMENDED EXHIBIT A
COMMISSION SCHEDULE
Subject to the terms and conditions of this Agreement, Commissions payable under
Section 5 of the Agreement will be based on monthly collected revenues received
by the Company from the provision of Services and the sale of Equipment as
follows.
1. "Xxxx Xxxxx" Xxxxx and Xxxxxxxx Xxxxx Programs
(a) Equipment Sales. STC agrees to pay to XXXXXX monthly Commissions in an
amount equal to $0.50 per unit of Equipment sold with respect to Equipment sold
pursuant to a License Agreement for either the PDC or Xxxxx Xxxx.
(b) Usage Sales.
(i) Direct Sales. STC agrees to pay to XXXXXX monthly Commissions in an
amount equal to one half (1/2%) of STC's collected monthly revenues from STC's
direct sale of Services through STC's IVR (integrated voice response system) or
its call center, to customers in connection with the use of Equipment sold
pursuant to a License Agreement for either the PDC or Xxxxx Xxxx.
(ii) Sales by Authorized Distributors. STC agrees to pay to XXXXXX monthly
Commissions in an amount equal to one-half percent (1/2%) of STC's collected
monthly revenues from the sale by STC and its authorized distributors of usage
cards for Services, which cards are branded with the Xxxx pursuant to a License
Agreement for either the PDC or Xxxxx Xxxx.
2. Xxxxxxx Xxxxxxx Program
(a) Equipment Sales. STC agrees to pay to XXXXXX monthly Commissions in an
amount equal to $0.50 per unit of Equipment sold with respect to Equipment sold
pursuant to a License Agreement for a Xxxxxxx Xxxxxxx Xxxx.
(b) Usage Sales.
(i) Direct Sales. STC agrees to pay to XXXXXX monthly Commissions in an
amount equal to one (1%) of STC's collected monthly revenues from STC's direct
sale of Services through STC's IVR (integrated voice response system) or its
call center, to customers in connection with the use of Equipment sold pursuant
to a License Agreement for a Xxxxxxx Xxxxxxx Xxxx.
(ii) Sales by Authorized Distributors. STC agrees to pay to XXXXXX monthly
Commissions in an amount equal to one percent (1%) of STC's collected monthly
revenues from the sale by STC and its authorized distributors of usage cards for
Services, which cards are branded with the Xxxx pursuant to a License Agreement
for a Xxxxxxx Xxxxxxx Xxxx.
(c) STC Common Stock.
(i) Issuance of Shares. In the event that STC obtains rights to a Xxxxxxx
Xxxxxxx Xxxx on or before February 15, 2001, whether through a License Agreement
similar agreement, STC agrees to issue to XXXXXX as additional consideration
hereunder 1,500,000 shares of STC common stock, $.01 par value, (the "Shares").
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(ii) Registration Rights. In the event that the Shares are issued, STC
shall use its reasonable best efforts to register the Shares as soon as
reasonably practicable, pursuant to a Form S-8 registration statement or such
other form as STC may determine in its reasonable discretion to be appropriate
for such purpose.
