FirstAmended LICENSINGCONSENT AGREEMENT
EX-10.2 3 famlicense.htm FIRST AMENDED AMENDED LICENSE AGREEMENT famlicense.htm
First Amended
LICENSING CONSENT AGREEMENT
THIS First Amended LICENSING CONSENT AGREEMENT, dated as of November 25, 2008 (the “Agreement”) is made and entered into by and between: (i) BCGU, LLC (the “Holder”); (ii) AudioStocks, Inc. (the “Assignor”); and (iii) DAO Information Systems, LLC, a Delaware limited liability company and its subsidiary, DAO Information Systems, Inc. (collectively, the “Assignee”). The Holder, Assignor and Assignee may be referred to individually as a “Party” and collectively as the “Parties.”
RECITALS
WHEREAS, the Parties previously executed a Licensing Consent Agreement (the “LCA”) dated September 30, 2008, wherein the Parties agreed to the assignment and assumption of certain rights and assets;
WHEREAS, the Parties believe that there was not consideration in the LCA to effect the legal obligations and intentions of the Parties;
WHEREAS, the Parties have negotiated this Agreement which provides adequate and fair consideration for the transactions contemplated in the LCA;
NOW THEREFORE, all of the terms contained in the LCA shall remain effective and binding, however, the Parties agree that a Section 2.5 shall be added to the LCA which shall read as follows:
2.5. Consideration. Holder shall immediately receive from Assignor (i) a total of 4,000,000 shares of the Assignor’s Preferred Series A stock, and (ii) a total of 100 shares of the Assignor’s Series B Preferred stock.
***SIGNATURE PAGE FOLLOWS***
______Holder ______Assignor ______Assignee
SIGNATURE PAGE
IN WITNESS WHEREOF, the Parties have duly executed and delivered this Agreement as of the day and year first above written.
HOLDER: BCGU, LLC ______________________________________ By: Business Consulting Group Unlimited, Inc. Its: Administrative Manager By: Mark L. Baum, Esq. Its: Managing Director | ASSIGNOR: AudioStocks, Inc. ____________________________ By: Luis J. Leung Its: President |
ASSIGNEE: DAO Information Systems, LLC ____________________________ By: Luis J. Leung Its: Managing Member |
______Holder ______Assignor ______Assignee
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