Addendum to Agreement Dated May 20, 2005 Between M2B Commerce Ltd and Allsports International Ltd

Summary

This addendum, effective January 1, 2006, modifies the original agreement between M2B Commerce Ltd and Allsports International Ltd dated May 20, 2005. It changes the royalty payment terms so that Allsports International Ltd will receive a monthly royalty fee equal to 40% of the net profit from digital games. If there is a net loss, M2B Commerce Ltd will absorb all losses and no royalty will be paid. All other terms of the original agreement remain unchanged.

EX-10.3 2 amaru_8kex10-3.txt ADDENDUM TO AGREEMENT DATED MAY 20, 2005 Exhibit 10.3 ADDENDUM TO AGREEMENT DATED 20TH MAY 2005 THIS ADDENDUM is made on the 7th day of April Two Thousand And Six (2006). WHEREAS Pursuant to the Agreement made on the 20th day of May Two Thousand And Five (2005, between M2B COMMERCE LTD ("M2B), and ALLSPORTS INTERNATIONAL LTD ("AI"), (AGREEMENT"). ITS IS AGREED AS FOLLOWS: a) In reference to Clause 2.2, AI agrees that the Clause shall be replaced and read as follows: 2.2 a) A monthly royalty fee of 40% of the net profit received in the digit games shall be payable to AI. b) In the event of net loss position, M2B shall absorb all the losses and no royalty fee shall be payable to AI. b) All other clauses under the Agreement shall remain unchanged and in force by the parties concerned. /s/ /s/ ____________________________________ ___________________________________ Initialed by representative from M2B Initialed by representative from AI Addendum between M2B COMMERCE LTD and ALLSPORTS INTERNATIONAL LTD dated 7th April 2006. c) This Addendum is effective from the 1st day of January Two Thousand And Six (2006). END OF CLAUSES SIGNED by Colin Binny for and on behalf of M2B Commerce Ltd in the presence of Francis Foong(Witness) SIGNED by /s/ for and on behalf of ALLSPORTS International Ltd in the presence of Mike Koh (Witness) /s/ ____________________________________ ___________________________________ Initialed by representative from M2B Initialed by representative from AI Addendum between M2B COMMERCE LTD and ALLSPORTS INTERNATIONAL LTD dated 7th April 2006.