Modification Letter to Licensing, Manufacturing, and Purchase Agreement between James McNulty and Stinger Systems, Inc.

Contract Categories: Business Finance › Modification Agreements
Summary

This letter agreement, dated November 9, 2005, modifies previous agreements between James McNulty and Stinger Systems, Inc., including a licensing, manufacturing, and purchase agreement and related patent assignments. The modification requires Stinger Systems, Inc. to register 75,000 shares of stock in its next stock registration, with no further obligation to register these shares. The agreement is binding with signatures by fax considered valid.

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EX-10.16 3 g97395a7exv10w16.htm EX-10.16 MODIFICATION LETTER Ex-10.16 Modification Letter  


JAMES FRANCIS McNULTY, JR
ATTORNEY AND COUNSELOR AT LAW
1290 THRID STREET
CALIMESA, CALIFORNIA 92320
TELEPHONE (909)  ###-###-####
FACSIMILE TRANSMISSION: (909)  ###-###-####
THIS LETTER TO ADDRESSEE IS PERSONAL AND CONFIDENTIAL
LETTER AGREEMENT
NOVEMBER 9, 2005 MODIFICATIN OF CANCELLATION OF THAT CERTAIN LICENSING, MANUFACTURING AND PURCHASE AGREEMENT DATE DECEMBER 4, 2002, ASSIGNMENTS OF US PATENTS 5,841,622 AND 6,575,073 DATED NOVEMBER 26, 2004 AND ANY MODIFICATION(S) OF ANY OF THE ABOVE CITED AGREEMENTS OCCURING HERETOFORE.
Any contrary provisions of the Agreements not withstanding, Stinger Systems, Inc. shall register the 75,000 shares of stock in the first stock registration, occurring hereafter. Stinger Systems, Inc. shall have no other or further obligation to register the 75,000 shares.
Signatures by fax shall be as valid as originals.
 
/s/ James McNulty
James McNulty,
as an individual
      
      
/s/ Robert Gruder
Robert Gruder
For Stinger Systems, Inc.