Exhibit 10.3
February 4, 2011
▇▇▇▇▇ Pain Relief Therapy, LLC
▇▇▇ ▇. ▇▇▇ ▇.
▇▇. ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
RE: Amendment to Sales Agreement Between Competitive Technologies, Inc. and
▇▇▇▇▇ Pain Relief Therapy, LLC, dated September 30, 2010
Dear ▇▇. ▇▇▇▇▇▇ and ▇▇. ▇▇▇▇▇▇▇▇,
Based on our discussions, we are pleased amend our agreement with you which is
dated September 30, 2010 as follows:
1. ▇▇▇▇▇ Pain Relief Therapy, LLC ("▇▇▇▇▇"), and its affiliates will, in
selected areas, establish 18 treatment centers utilizing Competitive
Technologies, Inc.'s ("CTTC") Calmare Pain Therapy Treatment medical device,
model MC-5A. The original agreement was for 14 clinics. The 4 additional
clinics are in [Confidential Information Omitted].
2. Schedule A-1 is amended to include the zip codes for [Confidential
Information Omitted] on Amended Schedule B. Continued exclusivity is predicated
on ▇▇▇▇▇'▇ purchase or lease of the minimum number of devices indicated on
Schedule B.
3. The exclusivity conditions, pricing for devices, supplies and training,
as well as warranty provisions of the original agreement remain in place.
4. This agreement is transferable and binding upon any new owners in the
event of the change of control or ownership of either CTTC or ▇▇▇▇▇.
We at Competitive Technologies look forward to a long and mutually beneficial
business relationship with ▇▇▇▇▇ Pain Relief Therapy over the coming months and
years.
Sincerely,
------------------------------------- ----------------------------------------
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Signature ▇▇▇▇▇ Pain Relief Therapy, LLC
Chief Executive Officer Printed Name
Competitive Technologies, Inc. Date
----------------------------------------
Signature ▇▇▇▇▇ Pain Relief Therapy, LLC
Printed Name
Date
*Confidential information on this page has been omitted Pursuant to Rule 24b-2*
CTTC8K5414
SCHEDULE A-1 - ▇▇▇▇▇/CTTC SALES AGREEMENT, AMENDED JANUARY 26, 2011
▇▇▇▇▇ PAIN RELIEF THERAPY DEFINED ZIP CODES
[Confidential Information Omitted]
*Confidential information on this page has been omitted Pursuant to Rule 24b-2*
CTTC8K5415
SCHEDULE B-1, ▇▇▇▇▇/CTTC SALES AGREEMENT, AMENDED JANUARY 26, 2011
DEVICE PLAN FOR SELECTED OFFICE LOCATIONS, BY REGION
[Confidential Information Omitted]
*Confidential information on this page has been omitted Pursuant to Rule 24b-2*
CTTC8K5416
SCHEDULE B-1, ▇▇▇▇▇/CTTC SALES AGREEMENT, AMENDED JANUARY 26, 2011
DEVICE PLAN FOR SELECTED OFFICE LOCATIONS, BY REGION
[Confidential Information Omitted]
*Confidential information on this page has been omitted Pursuant to Rule 24b-2*
CTTC8K5417
SCHEDULE B-1, ▇▇▇▇▇/CTTC SALES AGREEMENT, AMENDED JANUARY 26, 2011
DEVICE PLAN FOR SELECTED OFFICE LOCATIONS, BY REGION
[Confidential Information Omitted]
*Confidential information on this page has been omitted Pursuant to Rule 24b-2*
CTTC8K5418