Client Service Agreement Amendment
EX-10.2 7 fs10901_x102-tran.htm CLIENT SERVICE AGREEMENT AMENDMENT fs10901_x102-tran.htm
CLIENT SERVICES AGREEMENT- AMENDMENT
THIS AMENDMENT is entered into this 19th day of August, 2013 between Owings-1, LLC (“Owings”) and Transfer Enterprises, Inc (“Transfer Enterprises”).
WHEREAS, Section 6(b) of the Client Services Agreement dated May 10, 2013 between Owings-1 and Transfer Enterprises provides for the possibility that Transfer Enterprises shall compensate Owings-1 in stock for Owings-1’s services;
Owings-1 and Transfer Enterprises hereby agree that Owings-1 shall not be compensated by any shares of stock in Transfer Enterprises;
Owings-1 shall be compensated in cash as described in Section 6(a) of the Client Services Agreement.
All other provisions of the existing Client Services Agreement shall remain in effect.
| WHEREFORE, the parties have executed this agreement as of the date first mentioned above. |
OWINGS-1, LLC
By: /s/Mark Johnson
Mark Johnson, Managing Member
TRANSFER ENTERPRISES, INC.
By: ____/s/ Jerry Gruenbaum__________
Jerry Gruenbaum, President