ADDENDUM TO LICENSE AGREEMENT DATED JUNE 30, 1999
THIS ADDENDUM TO LICENSE AGREEMENT DATED JUNE 30, 2000 is
made this 12th day of December, 2000.
BETWEEN:
AUTOEYE, INC., a company incorporated under the laws of the
Province of Alberta (hereinafter called the "Licensor");
- and -
REMOTE UTILITIES NETWORK, INC., a company incorporated under
the laws of the State of Nevada (hereinafter called the
"Licensee").
WHEREAS the Licensor and the Licensee wish to clarify the
intent of the License Agreement entered into between the parties
on June 30, 2000 (the "Agreement");
NOW THEREFORE THE PARTIES hereto, in consideration of the
mutual agreement hereinafter contained and promised herein
expressed, do hereby agree as follows:
1. That subparagraph (a) to paragraph 1 of the Agreement shall
be added which reads as follows:
(a) Licensor shall bear all costs and expenses
incurred by Licensee in the operation of its business during
the development of the project until the AMVSS is ready to
market. Such costs shall include, but not be limited to,
manufacturing costs, registration fees and employee
salaries. In addition, Licensor shall provide Licensee with
office space, at no cost to Licensee, to perform its
administrative tasks, sales, marketing, research and
development of the product.
2. That all other terms and conditions of the Agreement shall
remain in full force and effect.
IN WITNESS WHEREOF the parties have executed this Addendum
as of the day, month and year first above written.
AUTOEYE, INC.
Per: /s/ Robert J. Gentles
REMOTE UTILITIES NETWORK, INC.
Per: /s/ David Phan
