Exhibit 10.2
ADDENDUM ONE TO SOFTWARE PURCHASE AGREEMENT DATED 8/15/96
Between Xxxxxxx X. Xxxxxxx and Information Analysis Incorporated
This ADDENDUM replaces paragraph 3.2 to read:
"The Seller shall be entitled to a royalty equal to the following
schedule of the net license fees collected by IAI from the licensing of
the Software to third parties.
Percentage of License Fees
1st Half 1998 .5%
2nd Half 1998 2.0%
1999 & thereafter 10.0%
Royalties shall be payable to the Seller based on actual collections
received for the CAST software and shall be payable on a quarterly
basis. The aggregate amount of royalties payable by IAI to the Seller
pursuant to this Agreement shall not exceed $1,000,000."
Information Analysis, Inc.
/s/ Xxxxxxx X. Xxxxxxx /s/ Xxxxxx Xxxxxxxxx
___________________________ ______________________________
Xxxxxxx X. Xxxxxxx By Xxxxxx Xxxxxxxxx
Title: Chief Executive Officer
March 31, 1998 March 31, 1998
___________________________ ______________________________
Date Date
