EXHIBIT 2(c): Second Amendment to Marine Jet Technology License
Agreement of May 22, 2000
This Agreement (hereinafter referred to as "The Second
Amendment") amends the Marine Jet Technology License Agreement
signed and effective as of may 22, 2000 (hereinafter referred to as
the "License Agreement") by and between the parties.
In consideration of the mutual benefits received, the License
Agreement is hereby amended as follows:
Subparagraph (b) of the provision entitled, "Lessors'
Right to Terminate" which appears on page 5 of 10 of the
License Agreement stating:
"(b) Licensee fails to introduce the product to market by
June 30, 2002."
is hereby deleted from the License Agreement.
This Second Amendment is executed on, and shall be effective as of
December 15, 2001.
AGREED:
/s/ Xxxx X. Xxxxxx
Xxxx X. Xxxxxx, Licensor
/s/ Xxxxxx X. Xxxxxxxxx
Xxxxxx X. Xxxxxxxxx, Licensor
/s/ Xxxx X. Xxxxxx
Marine Jet Technology Corp., Licensee
By Xxxx X. Xxxxxx, President
