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Exhibit 10.3
AMENDMENT TO
LICENSE AGREEMENT
AMENDMENT TO
LICENSE AGREEMENT dated July 10, 2009, between Greenchek Technology
Inc., formerly Ridgestone Resources Inc., hereinafter collectively
referred to as “Licensee” and China Bright
Technology Development Limited hereinafter referred to as
“China Bright” and Lincoln Parke hereinafter
referred to as “Principal” and, together with
China Bright, the “Licensor”.
WHEREAS, the
parties desire to amend the License Agreement entered into between
them on July 10, 2008 (the “License
Agreement”);
WHEREAS, the
parties have not completed the performance of all of the terms and
conditions of said License Agreement; and,
WHEREAS, the
parties desire to now amend said License Agreement in order to
modify certain terms of the License Agreement,
NOW THEREFORE,
in consideration of the mutual promises contained herein, it is
agreed that the License Agreement dated the 10 th day of
July 2008 is amended in the following particulars:
Section 2 of
the License Agreement is amended partially to extend payment dates
of the License Price of US$3,500,000 as follows:
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1.
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Payment of
US$300,000 within 30 days of closing of License
Agreement (which amount has been paid);
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2.
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Payment of
US$1,000,000 due December 31 st ,
2
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