ADDENDUM TO LICENSING AGREEMENT
Addendum to the License Agreement between Community Alliance, Inc. and
Xxxxxxxx Xxxxxxx, dated November 28, 2005.
WHEREAS, Paragraph 5.01 under Paragraph 5. of the License Agreement,
LICENSE FEE, calls for a payment in the amount of $1,000 to be paid on
June 1, 2006 and a final payment in the amount of $6,000 to be paid on
or before June 1, 2007 toward the License Fee, the parties desire to
amend Paragraph 5.01.
The present paragraph reads:
5. LICENSE FEE.
5.01 For use of the INTELLECTUAL PROPERTY as described in
this Agreement, LICENSEE agrees to pay to LICENSOR a license fee of ten
thousand dollars ($10,000.00), on with an initial payment of Two
Thousand Dollars ($2,000.00) ( the "Initial Payment") to be paid with
the signing of this Agreement, a second payment in the amount of One
Thousand Dollars ($1,000.00) to be paid on or before June 1, 2006, and
the full balance of Six Thousand Dollars ($6,000.00) due on or before
June 1, 2007.
Paragraph 5.01 of the License Agreement shall be amended to read as
follows:
5.01 For use of the INTELLECTUAL PROPERTY as described in
this Agreement, LICENSEE agrees to pay to LICENSOR a license fee of ten
thousand dollars ($10,000.00), on with an initial payment of Two
Thousand Dollars ($2,000.00) ( the "Initial Payment") to be paid with
the signing of this Agreement, a second payment in the amount of One
Thousand Dollars ($1,000.00) to be paid on or before December 31, 2006,
and the full balance of Six Thousand Dollars ($6,000.00) due on or
before August 1, 2007.
This addendum is dated May 26, 2006
Community Alliance, Inc.
By: /s/Xxxx X. Xxx
---------------------------
Xxxx X. Xxx - President
Licensee
By: /s/Xxxxxxxx Xxxxxxx
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Xxxxxxxx Xxxxxxx
