Amendment to Assignment and Amendment to Factoring Agreement
This Agreement hereby amends the Assignment and Amendment to
Factoring Agreement dated October 8th, 1996 between Vertex Industries,
Inc. having place of business at 00 Xxxxx Xxxxxx, Xxxxxxx, Xxx Xxxxxx
00000-0000, NetWeave Corporation, a Delaware corporation with offices
at 0000 Xxxxxxxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000 and
NetWeave Corporation (Europe) Limited, with offices at Xxxxxx Xxxxx,
Xxxxx Xxxx Xxxx, Xxxxxxxxx, XX0 0XX, Xxxxxxx:
WHEREAS, the parties wish to Amend said Assignment and Amendment to
Factoring Agreement as set forth hereinbelow;
Now, therefore, it is agreed as follows:
1. Paragraph 10 to Factoring Agreement dated July 18th, 1996 shall
be amended to and read in its entirety as follows:
"10. Governing Law. The laws of England and Wales
shall govern this agreement."
Vertex Industries, Inc.
5 Nov 1996 s/ Xxxxxx X. Xxxx
Date Xxxxxx X. Xxxx, President
NetWeave Corp.
6 Nov 1996 s/ Xxxxxx X. Xxxx, Xx.
Date Xxxxxx X. Xxxx, Xx., President
NetWeave Corporation (Europe) Limited
5 Nov. 1996 s/X. X. Xxxxxxxxxx
Date Xxxxxx Xxxxxxxxxx, Director