Amendment Agreement between Crump Barter Services, Inc. and Bentley Communications Corp. (November 6, 2003)

Summary

Crump Barter Services, Inc. and Bentley Communications Corp. have agreed to cancel their previous Asset Purchase Agreement, effective November 6, 2003. Instead, both parties will enter into a new license agreement, as outlined in an attached exhibit. This amendment is mutually agreed upon and replaces the earlier arrangement for the sale and purchase of certain assets.

EX-10.3 3 bentley_8kex10-3.txt EXHIBIT 10.3 AMENDMENT AGREEMENT Effective November 6, 2003, Crump Barter Services, Inc. (hereinafter "CRUMP"), and Bentley Communications Corp. (hereinafter "BENTLEY"), (hereinafter referred to individually as the "PARTY" or collectively as the "PARTIES") agree as follows: ss. 1. TERMINATION OF ASSET PURCHASE AGREEMENT. The Parties hereto mutually agree to cancel the Asset Purchase Agreement dated for reference the 4th day of August , 2003 entered into between the Parties, wherein Crump agreed to sell and Bentley and/or its nominee agreed to purchase the Assets (as defined in the Asset Purchase Agreement), such cancellation to take effect effective November 6, 2003. ss. 2. LICENSE AGREEMENT. The Parties agree to enter into a license agreement in the form attached as Exhibit "A" to this Agreement, effective November 6, 2003. BY CAUSING THIS AGREEMENT TO BE EXECUTED HERE BELOW, THE PARTIES ACKNOWLEDGE THAT THEY HAVE READ THIS AGREEMENT, UNDERSTAND IT, AND AGREE TO BE BOUND BY ITS TERMS AND CONDITIONS. IN WITNESS WHEREOF, Crump and Bentley have executed this Agreement in multiple duplicate originals. AGREED TO & ACCEPTED BY: AGREED TO & ACCEPTED BY: CRUMP BARTER SERVICES, INC. BENTLEY COMMUNICATIONS CORP. By: /s/ Joseph Crump By: /s/ Gordon Lee --------------------------------- --------------------------------- JOSEPH CRUMP GORDON LEE AS ITS PRESIDENT AS ITS CHAIRMAN & CEO Date: Date: - --------------------------------- ------------------------------------- WITNESS WITNESS STATE OF NEW HAMPSHIRE STATE OF CALIFORNIA COUNTY OF HILLSBOROUGH, SS. COUNTY OF LOSANGELES, SS. NOVEMBER __, 2003 NOVEMBER __, 2003 Joseph Crump, President of Crump Gordon Lee, Chairman & CEO of Bentley Barter Services, Inc., personally Communications Corp., personally appreared before me and acknowledged appeared before me and acknowledged his execution of the foregoing his execution of the foregoing instrument to be the free act and instrument to be the free act and deed of the corporation. deed of the corporation Before me, Before me, - ----------------------------------- ------------------------------------- Notary Public Notary Public My commission expires: My Commission expires: 2