AMENDMENT TO LICENSING AGREEMENT
10/1/98
This will confirm our agreement with respect to the amendment to that certain
License Agreement dated as of June 30, 1996 by and between Life International
Products, Inc. and IDM Environmental Corp. We have agreed that paragraph 6.1.1
shall be amended to read as follows:
6.1.1 For the period from the date hereof through 12 months after the date
on which marketable environmental equipment is manufactured, Licensor shall
receive net profits of no less than $400,000, which shall be the Minimum
Revenues for such period.
Except as provided herein, all other terms and provision of the License
Agreement shall remain in full force and effect. Any inconsistency between any
of the amendments contained herein and the terms of the License Agreement shall
be resolved in favor of this letter.
Sincerely,
Life International Products, Inc.
By /s/ Xxxxxx Xxxxxxx
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Xxxxxx Xxxxxxx, President
Agreed to and accepted by:
IDM Environmental Corp.
By /s/ Xxxxx Xxxxx
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Xxxxx Xxxxx, Chairman of the Board
