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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