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TECHNOLOGY LICENSE
and
DISTRIBUTION AGREEMENT
AMENDMENT
THIS AMENDMENT
TO THE TECHNOLOGY LICENSE and DISTRIBUTION AGREEMENT by and between
SMITH YOUNG AND ASSOCIATES, INC., a Colorado Corporation, its
successors, affiliates, and assigns, Morton Weisbrot an
individual residing in the State of Arizona, his successors, and
assigns (hereinafter all collectively referred to as the
"Licensee") and, FUEL CONCEPTS LLC, an Ohio Limited Liability
Company, its successors, affiliates, and
assigns (hereinafter all collectively referred to as the
“Licensor” or “Owner”) is made
and effective as of this 18th day of June, 2009 and
shall amend certain Sections of the original THE TECHNOLOGY LICENSE
and DISTRIBUTION AGREEMENT made and effective the 1st day of
August, 2008 (hereinafter all collectively referred to as the
Original Agreement).
As provided for
under Section M of the Original Agreement, the following text shall
amend Section 4 and Section 5 of the Original Agreement
as follows:
4. As
consideration for this Agreement, Licensee shall pay an initial,
one time only payment to Owner of 1,000,000 shares of
Licensee’s $.001 par value common stock. This payment shall
be paid during the initial term of the Agreement and no additional
payments of shares of Licensee’s common or preferred
stock shall be required as consideration for any future option
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