Addendum to License Agreement Among Social Geek Media Inc., Patrick Aubé, and Technologies Scan Corp.
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Summary
This addendum, signed in May 2013, amends a previous license agreement between Social Geek Media Inc. (SGM), Patrick Aubé, and Technologies Scan Corp. (TENP). It grants TENP an exclusive one-year option to acquire rights and the client base for Proteina21 products in Canada, and an exclusive two-year option to acquire rights in Europe. The terms for these options will be negotiated in good faith. All other terms of the original license agreement remain unchanged.
EX-10.2 3 tenp_ex102.htm ADDEDNUM TO LICENSE AGREEMENT tenp_ex102.htm
EXHIBIT 10.2
ADDENDUM signed this __ day of May 2013, between
SOCIAL GEEK MEDIA INC., a body duly incorporated as per the laws of Canada, having its head office at 15, rue Des Érables, St-Sauveur, Québec, Canada JOR 1R)
(Hereinafter “SMG”),
and
Patrick Aubé, businessman, having a place of business at 15 rue des Érables, St-Sauveur, Québec, Canada J0R 1R0
(Hereinafter “Aubé”),
And
Technologies Scan Corp, a body duly incorporated as per the laws of Nevada, having a place of business at 331 Labelle, St-Jérôme, Québec, J7Z 5L2
(Hereinafter “TENP”).
Whereas on or about May__2013, the Parties entered into a Binding Licence agreement whereby TENP agreed to purchase from SGM a licence for the Proteina21 products for the United States the whole in accordance with the terms of the said Licence Agreement;
Whereas the parties wish to amend the said Licence agreement to give Techno options to acquire rights for both Canada and Europe, the whole in accordance with the following:
THE PARTIES AGREE AS FOLLOW:
1. | The preamble is an integral part of the present agreement; |
2. | The following paragraphs shall be added to the Licence Agrement to form part hereof: |
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2.6 Techno shall have an exclusive one (1) year option to acquire the rights for Canada as well as the established client base, the whole as more fully described in Schedule E on terms to be agreed upon by the parties negotiating in good faith;
2.7 Techno shall also have an exclusive two (2) years option to acquire the rights to Europe, the whole as more fully described in Schedule F attached herewith, on terms to be agreed upon by the parties negotiating in good faith;
3. | All other terms of the Licence Agreement shall remain unchanged; |
IN WITNESS WHEREOF the parties hereto have set their hand and seal as of the day and year first above written.
SOCIAL MEDIA GEEK INC.
____________________________
Per:
PATRICK AUBÉ
____________________________
TECHNOLOGIES SCAN CORP
____________________________
Per:
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