Exhibit 10.1
ADDENDUM TO SOFTWARE ROYALTY AGREEMENT DATED 9/1/96
Between Xxxxx Xxxxxx and Information Analysis, Inc.
This ADDENDUM replaces paragraph 3 to read:
"Royalty Sharing - In consideration of the funds to be provided by
Xxxxxx for expense sharing, Xxxxxx shall be entitled to receive
royalties from IAI based upon the following schedule of net license
revenue received for the CAST product, not to exceed in the aggregate,
150% of the funds provided by Xxxxxx to IAI under Paragraph 2 above.
Percentage of License Fees
1st Half 1998 1%
2nd Half 1998 2%
1999 & thereafter 10%
IAI will provide a quarterly report to Xxxxxx of license revenue
received for the CAST product, accompanied by a check for the royalty
due to Xxxxxx with respect to the license revenue included on said
report."
Information Analysis, Inc.
/s/ Xxxxx Xxxxxx /s/ Xxxxxx Xxxxxxxxx
___________________________ _______________________________
Xxxxx Xxxxxx By Xxxxxx Xxxxxxxxx
Title: Chief Executive Officer
March 31, 1998 March 31, 1998
___________________________ _______________________________
Date Date
