FOURTH LICENSING, DEVELOPMENT AND MARKETING AMENDING AGREEMENT
THIS AGREEMENT dated for reference June 15, 2002
BETWEEN:
SEDONA SOFTWARE SOLUTIONS INC., a body corporate, duly incorporated under the
laws of the State of Nevada and having an office at 000 - 0000 Xxxxxx Xxxxxx,
Xxxxxxxxx, X.X., X0X 0X0
("Sedona")
OF THE FIRST PART
AND:
MARKATECH INDUSTRIES CORPORATION, a body duly incorporated under the laws of the
Province of British Columbia, Canada and having an office at 000 Xxxx 00xx
Xxxxxx, Xxxxxxxxx, X.X., X0X 0X0
("Markatech")
OF THE SECOND PART
WHEREAS:
A. Markatech is the developer and owner of all ownership interest right and
title to the Autonet Parking Ticket Violation Management System ("Autonet")
B. Markatech has granted to Sedona the privilege to conduct a review of
documentation with regard to Autonet.
C. Markatech has granted Sedona the option to purchase all of Markatech's
right title and interest in and to the programs, documentation and know-how.
D. Markatech has agreed to license to Sedona the world-wide exploitation
rights to Autonet
E. Markatech has agreed to conduct ongoing development and testing of the
programs, hardware, documentation and know-how of the Autonet system in
accordance with the terms and conditions set out herein.
F. Markatech has agreed to assist Sedona in the marketing and commercial
exploitation of the Autonet technology.
G. Markatech has agreed to grant to Sedona a time extension of the License
Term pursuant to the Licnesing, Development and Marketing Agreement dated
February 1, 2001, the Licensing, Development and Marketing Amending Agreement
dated August 14, 2001, the Second Licensing, Development and Marketing Amending
Agreement dated December 5, 2001, and the Third Licensing, Development and
Marketing Amending Agreement dated March 15, 2002.
H. Markatech has agreed to grant to Sedona a time extension of the
development Program Term pursuant to the Licensing, Development and Marketing
Agreement dated February 1, 2001, the Licensing, Development and Marketing
Amending Agreement dated August 14, 2001, the Second Licensing, Development and
Marketing Amending Agreement dated December 5, 2001, and the Third Licensing,
Development and Marketing Amending Agreement dated March 15, 2002.
NOW THEREFORE in consideration of payment of Ten Dollars ($10.00) and other
good and valuable consideration (the receipt and sufficiency of which are hereby
acknowledged), the parties have agreed that the Licensing, Development and
Marketing Agreement dated February 1, 2001, the and the Licensing, Development
and Marketing Amending Agreement dated August 14, 2001, the Second Licensing,
Development and Marketing Amending Agreement dated December 5, 2001, and the
Third Licensing, Development and Marketing Amending Agreement dated March 15,
2002 are hereby amended as follows:
The following date is deleted:
Para. 2.2, line2, delete: "July 1, 2002".
The following date is added:
Para. 2.2, line2, add: "July 1, 2003".
The following date is deleted:
Para. 3.2, line 2, delete: "September 1, 2003".
The following date is added:
Para. 3.2, line 2, add: "September 1, 2004".
ENTIRE AGREEMENT:
..
This Agreement together with the Licensing, Development, and
Marketing Agreement dated February 1, 2001, the Licensing, Development and
Marketing Amending Agreement dated August 14, 2001, the Second Licensing,
Development and Marketing Amending Agreement dated December 5, 2001, and the
Third Licensing, Development and Marketing Amending Agreement dated March 15,
2002 constitutes the entire agreement to date between the parties hereto and
supersedes every previous agreement, communication, expectation, negotiation,
representation or understanding, whether oral or written, express or implied,
statutory or otherwise, between the parties with respect to the subject matter
of this Agreement. This Agreement may be executed in counterpart.
IN WITNESS WHEREOF this Agreement has been executed as of the day and year first
above written
MARKATECH INDUSTRIES CORPORATION
per /s/ Xxx Xxxxx
_______________________________
Xxx Xxxxx, director
SEDONA SOFTWARE SOLUTIONS INC.
Per /s/ X.X. Xxxxxx
_______________________________
X.X. Xxxxxx, director
