Amended License Agreement between Cellular Spyware, Inc. and PhoneGuard, Inc.

Contract Categories: Intellectual Property › License Agreements
Summary

Cellular Spyware, Inc. has granted PhoneGuard, Inc. (a subsidiary of Options Media Group Holdings, Inc.) an exclusive, perpetual, and irrevocable license for its anti-texting software, "drive safe," covering North, Central, and South America. In exchange, PhoneGuard paid $110,000 as additional consideration. The license was purchased as part of an earlier Asset Purchase Agreement dated April 16, 2010. Both parties have signed and agreed to these terms.

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EX-10.15 8 opmg_ex1015.htm AMENDED LICENSE AGREEMENT opmg_ex1015.htm
EXHIBIT 10.15
 

LICENSE AGREEMENT
 
BETWEEN Cellular Spyware, Inc. and PHONEGUARD, INC.
 

 
 
Licensor Cellular Spyware, Inc.
 
Licensee Phone Guard, Inc. (a wholly owned subsidiary of Options Media Group Holdings, Inc.)
 
 
Licensor acknowledges that the licenses granted pursuant to this Agreement were purchased by the Licensee from the Licensor pursuant to that certain Asset Purchase Agreement dated April 16, 2010.  As additional consideration, the Licensee paid One Hundred Ten Thousand Dollars ($110,000) to Licensor for the exclusive perpetual irrevocable license for North America, Central America, and South America, of its anti-texting software (drive safe).
 

PHONEGUARD, INC.     CELLULAR SPYWARE, INC.  
         
         
By: 
/s/ Scott Frohman   8-27-10
   By:
/s/ Anthony Sasso    8-27-10
  
Name:
Scott Frohman
   Name:
Anthony Sasso
  
Title: Chief Executive Officer   Title:
President