0001144204-05-039576 Sample Contracts

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AMENDMENT TO INTELLECTUAL PROPERTY ASSIGNMENT AND ROYALTY AGREEMENT The Intellectual Property Assignment and Royalty Agreement dated as of the 14th day of May, 2002, between USDR AEROSPACE, LTD., a Texas limited partnership, (hereinafter "Assignor")...
Intellectual Property Assignment and Royalty Agreement • December 13th, 2005 • Us Global Nanospace Inc • Miscellaneous fabricated textile products

The Intellectual Property Assignment and Royalty Agreement dated as of the 14th day of May, 2002, between USDR AEROSPACE, LTD., a Texas limited partnership, (hereinafter "Assignor") and U.S. GLOBAL NANOSPACE, INC. (formerly USDR GLOBAL AEROSPACE, LTD.), a Delaware corporation (hereinafter "Assignee"), is hereby amended by the parties pursuant to the terms thereof to add the following provision:

December 8, 2005
Consideration for Continuing Loan Guaranty • December 13th, 2005 • Us Global Nanospace Inc • Miscellaneous fabricated textile products

This letter confirms our agreement to provide you with certain consideration for your continuing guaranty of our revolving line of credit with Western Security Bank (the "Loan"). Specifically, US Global Nanospace, Inc. agrees to issue to you, on a monthly basis for thirty consecutive calendar months from the date of this letter, with the first issuance to occur as of the date hereof, $5,831.77 payable in restricted common stock of the Corporation (the "Monthly Issuance"). The shares of common stock issued to you pursuant to this letter shall be valued at the closing price of the common stock on the last trading day of the calendar month for which the shares are being issued. For example, if the shares are due on December 16 for the calendar month from November 15-December 15, the shares shall be valued at the closing price on December 15. The Monthly Issuance amount shall not change until or unless the Company pre-pays any outstanding Loan amount, in which case our Board of Directors s

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