Amendment No. 1 to the Consulting Agreement Dated August 20, 2007
Amendment No. 1
to the Consulting Agreement Dated August 20, 2007
This Amendment No. 1 (“Amendment”) is hereby made between FinancialContent Services, Inc. (“FC”), and Jade Special Strategy, LLC (“JSS”) (hereinafter FC and JSS each a “Party” and collectively “Parties”).
WHEREAS, FC entered into the Consulting Agreement dated August 20, 2007 (the “Consulting Agreement”) ;
WHEREAS, FC agreed to compensate JSS in the amount of 100,000 shares of FinancialContent, Inc. and $150,000 by December 31, 2007;
WHEREAS, FC had paid only $37,500 to JSS by December 31, 2007;
WHEREAS, JSS had not yet performed any consulting services;
WHEREAS, the Parties desire to terminate the Consulting Agreement;
NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, the Parties agree to modify the terms and conditions of the Agreement as follows:
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1) |
the parties agree to terminate the Consulting Agreement as of December 31, 2007; |
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2) |
JSS agrees to refund the $37,500 to FC. |
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized representatives as of the date indicated below.
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FinancialContent, Inc. |
Jade Special Strategy, LLC |
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By: |
/s/____________________ |
By: |
/s/______________________ |
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Name: Wing Yu |
Name: Xxxxx Xxxxxx |
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Title: Chief Executive Officer |
Title: Manager |
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Date: December 31, 2007 |
Date: December 31, 2007 |
