Addendum to Technology Transfer Agreement
THIS ADDENDUM made and entered into this 14th day of August, 2000,
amends the original Agreement dated 7 August 2000 (hereinafter "said Agreement")
by and between Global Network Media, Inc., a Colorado corporation currently in
good standing (hereinafter "GNM") and Mind2Market, Inc., a Colorado corporation
currently in good standing (hereinafter ("M2M"). This Addendum modifies the
terms and conditions under which GNM will grant to M2M exclusive rights to
certain patent-pending technology as set forth in said Agreement, to wit:
1. The provisions of paragraph 17 of the said Agreement are modified as
follows:
The additional funding in excess of the original $100,000
committed for the manufacturing, marketing, management,
customer service and continued development of the Emergency
Signal Balloon (ESB) product(s) shall be made available
according to the following criteria: Funds from additional
capital funding raised for M2M over and above the first
million shall be committed toward ESB promotion in an amount
that matches revenues from sales of the ESB product line, up
to an additional $300,000 but not to exceed 10% of said
additional capital funding raised to date.
2. All other terms of said Agreement shall remain unchanged and in
effect unless further modified by both parties as provided therein.
3. THIS ADDENDUM IS EXECUTED PURSUANT TO AND SHALL BE INTERPRETED AND
GOVERNED FOR ALL PURPOSES BY THE LAWS OF THE STATE OF COLORADO FOR
WHICH THE COURTS IN DENVER, COLORADO SHALL HAVE JURISDICTION WITHOUT
GIVING EFFECT TO THE CHOICE OR LAWS OR CONFLICT OF LAWS RULES THERE-
OF OR OF ANY STATE.
MIND2MARKET, INC. GLOBAL NETWORK MEDIA, INC.
/s/ Xxxxxx Xxxxxx /s/ Xxxxx X. Xxxxx
By ------------------------------------ By ----------------------------------
President President
Its: ---------------------------------- Its:---------------------------------
Agreement - Page 1 of 1
