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EXHIBIT 10.5
AMENDMENT
Amendment effective as of ______________ to Service Agreement
(dated as of _____________) among [PTK Company] - "Owner", B and
A, as Agent.
For the consideration of One ($1.00) Dollar and for the good and
valuable consideration, the receipt of which is hereby acknowledged, the parties
agree as follows:
1. Section 3.2(b) is hereby deleted in its entirety and replaced
with the following:
(b) (i) In consideration for the General Services provided
under this Agreement, Owner shall pay A a fee of ____________________
________ Dollars per calendar quarter, payable in arrears in legal
tender of the United States of America, on or before the last day of
each March, June, September and December, commencing January 1, 1995.
(ii) Notwithstanding the provision of Section 3.2(b)(i) above, if
Owner is obligated to pay management fees to A pursuant to any
applicable management agreement, the fees set forth in Section
3.2(b)(i) are waived for the period such management agreement is in
effect.
2. All other terms of the Service Agreement shall remain in
effect.
To signify their agreement to the foregoing, the parties hereto have
caused this Agreement to be executed by their duly authorized representatives.
[PTK Company]
By:
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Its:
A
By:
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Its:
B
By:
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Its:
