Exhibit 10.14
ADDENDUM TO
CONTRACT SALES REPRESENTATIVE AGREEMENT
THIS ADDENDUM is to the Contract Sales Representative Agreement entered
into on the 15th day of November 2004 between Reclamation Consulting and
Applications Inc. and Xxxxxxx Xxxxxxxx for the State of Connecticut.
Under the terms of the Contract Sales Representative Agreement, Contract
Sales Representative agrees to pay RCAI a one-time License Fee of $25,000 upon
execution of this Agreement. This License Fee will secure exclusive license for
the RCAI Products within the Territory for a period of 5 years.
With respect to the License Fee, RCAI offers to Contract Sales
Representative and Contract Sales Representative accepts that the $25,000
license fee shall be paid out of Alderox(TM) product sales instead of a lump sum
payment.
Under this agreement, RCAI will increase Contract Sales Representative's
commission from $1.50 to $2.00 per gallon. The $0.50 per gallon difference will
be retained by RCAI upon payment from the customer and applied toward the
outstanding balance on the License Fee.
Contract Sales Representative may make additional payments against the
License Fee at any time and without penalty.
Once the License Fee has been paid in full, commissions will revert back to
$1.50.
Signed and agreed to by:
RCAI Contract Sales Representative
/s/ XXXXXX XXXXXX /s/ XXXXXXX XXXXXXXX
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Xxxxxx Xxxxxx, President/Director Xxxxxxx Xxxxxxxx
