EXTENSION AND AMENDMENT OF MASTER SERVICES AGREEMENT dated September 29, 2008 by and between DANCING BEAR INVESTMENTS, INC. and THEGLOBE.COM, INC.
EXHIBIT
10.1
EXTENSION
AND AMENDMENT OF MASTER SERVICES AGREEMENT
dated
September 29, 2008 by and between
DANCING BEAR INVESTMENTS,
INC. and XXXXXXXX.XXX, INC.
WHEREAS, on September 29, 2008, Dancing
Bear Investments, Inc. (the “Provider”) and xxxxxxxx.xxx, inc. (the “Company”)
entered into a Master Services Agreement (the “Agreement”) for a term of one (1)
year. The Provider and the Company are individually referred to herein as
a “Party” and collectively as the “Parties.”
WHEREAS, the Parties wish to confirm
the extension of the Agreement beyond its original expiration date of September
28, 2009 and amend the Agreement to provide for automatic renewals in the
future.
NOW, THEREFORE, in consideration of the
foregoing, the Parties mutually covenant and agree as follows:
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1.
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Confirmation of
Extension. The Parties acknowledge and confirm that they have
extended and renewed the Agreement for a successive one (1) year period
beginning on September 29, 2009 and expiring on September 28,
2010.
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2.
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Amendment. After
September 28, 2010, the Agreement shall automatically extend and renew for
successive and additional one (1) year terms, unless either Party provides
written notice of non-renewal to the other Party at least 60 days prior to
the expiration date of the then applicable
term.
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IN
WITNESS WHEREOF, each of the Parties has executed and delivered this Agreement
on the 9th day of
August, 2010.
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Dancing
Bear Investments, Inc.
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xxxxxxxx.xxx,
inc.
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By:
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/s/ Xxxxxxx X.
Xxxx
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By:
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/s/ Xxxxx X.
Xxxxxxxx
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Name:
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Xxxxxxx
X. Xxxx
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Name:
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Xxxxx
X. Xxxxxxxx
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Title:
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Chief
Executive Officer
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Title:
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Vice
President -
Finance
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