Addendum to Development/Patent Agreement between American Water Solutions, Inc. and Intelligent Highway Solutions, Inc. (October 4, 2012)

Summary

This addendum modifies the original development and patent agreement between American Water Solutions, Inc. (AWS) and Intelligent Highway Solutions, Inc. (IHS). IHS agrees to pay AWS $2,700 within 30 days as the final payment for filing the initial patent. The agreement also clarifies that IHS is not in default regarding a $10,000 payment, which is now due only after IHS approves the initial drawings and specifications. All other terms of the original agreement remain unchanged and enforceable.

EX-10.13 7 fs12012a4ex10xiii_intelligen.htm ADDENDUM TO DEVELOPMENT AGREEMENT BETWEEN AMERICAN WATER SOLUTIONS, INC. AND INTELLIGENT HIGHWAY SOLUTIONS, INC. DATED OCTOBER 4, 2012. fs12012a4ex10xiii_intelligen.htm
Exhibit 10.13
 
 
Addendum to Development/Patent Agreement with American Water Solutions, Inc.
 
Pursuant to our original agreement dated May 8, 2012, AWS agrees to amend the existing agreement by and between, AWS and Intelligent Highway Solutions, Inc. as discussed and agreed to as follows:
 
1.  
Intelligent Highway Solutions, Inc. agrees to pay AWS $2,700.00 within thirty (30) days of this agreement the final payment required to file the initial patent.
 
2.  
Intelligent Highway Solutions, Inc. and AWS agree that IHS is not in default of the original agreement article 2 section 3.2 pursuant to the second payment due of $10,000.00. The agreement is revised to read: "Upon approval and final acceptance of the initial drawings and specifications ten-thousand dollars ($10,000.00)." When the initial drawings and specifications are approved by IHS, a payment of $10,000 will be made to AWS pursuant to the terms of the agreement.
 
The remainder of the agreement remains intact and fully enforceable.
 
By:
/s/ Devon Jones   Dated: 10/4/12  
  Devon Jones, CEO        
  Intelligent Highway Solutions, Inc.        
 
By:
/s/ Lawrence Lebeau   Dated: 10/4/12  
  Lawrence Lebeau, CEO        
  American Water Solutions, Inc.