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EXHIBIT 10.14
MODIFICATION TO EXCLUSIVE LICENSE AGREEMENT
Modification dated February 27, 1996 to a certain Exclusive License
Agreement entered into as of December 10, 1995 by and between Misonix, Inc. a
New York Corporation ("Misonix") and Medical Device Alliance, Inc., a Nevada
corporation ("MDA").
The parties to the Exclusive License Agreement desire to modify the same
as follows:
1. Paragraph B.3 shall be modified in its entirety to read as follows:
"Misonix will xxxx MDA on a monthly basis for parts that will compose
the clinical units scheduled for delivery during March and April, 1996.
This billing will be included in the regular R&D invoice and promptly
paid by MDA. In return MDA shall have the following stock of clinical
equipment at its disposal.
1. 12 Generators
2. 25 Hand Pieces
3. 35 5mm Probes
35 5mm Short Probes
35 4mm Probes
4. 30 5mm Sheath Assy.
30 5mm Short Sheath Assy.
30 4mm Sheath Assy.
5. 12 Irrigation Pumps
6. Various accessories (e.g. cleaning brushes, tube sets) in
reasonable quantities
On April 30, 1996 an additional License Fee of One Hundred Thousand
($100,000) Dollars shall be paid by MDA to Misonix."
2. Except as hereby modified, the terms of the Exclusive License Agreement
shall remain in full force and effect.
MISONIX, INCORPORATED MEDICAL DEVICE ALLIANCE, INC.
By /s/ XXXXXX XXXXXXXX By: /s/ XXXXXX X. XXXXXX
----------------------------- ---------------------------
Xxxxxx Xxxxxxxx Xxxxxx X. XxXxxx
Its: President and CEO Its: Chairman
