Amendment 1 to Exclusive Patent License Agreement between Wolfgang Grabher and Administration for International Credit & Investment, Inc.

Contract Categories: Intellectual Property › License Agreements
Summary

This amendment, dated February 9, 2005, involves Wolfgang Grabher (Licensor) waiving his rights to receive royalties under an exclusive patent license agreement with Administration for International Credit & Investment, Inc. (Licensee), originally dated July 13, 2000. Grabher also agrees to a change of control of the Licensee. The amendment formalizes these changes to the original agreement.

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EX-10.5 10 v014719_ex10-5.txt EXHIBIT 10.5 Amendment 1 EXCLUSIVE PATENT LICENSE AGREEMENT Waver from WOLFGANG GRABHER ("Licensor") to ADMINISTRATION FOR INTERNATIONAL CREDIT & INVESTMENT, INC. ("Licensee") Dated as of February 9, 2005 Wolfgang Grabher wave his rights from the exclusive patent license agreement, dated as of July 13, 2000 for his rights to receive royalties and agrees to the change of control of Licensee. La Jolla, February 9, 2005 /s/ Wolfgang Grabher - -------------------------- Wolfgang Grabher