Document:

exhibit_10-2.htm

Exhibit 10.2

 

ADDENDUM TO SERVICES AND LICENSE AGREEMENT

 

This Addendum (the "Addendum") to the Services and License Agreement dated 18th November 2009, by and between ParagonEX Limited., a company incorporated under the laws of British Virgin Islands ("ParagonEX") and WGM Services Ltd. (formerly Giona Trading Ltd.), a company incorporated under the laws of Cyprus ("WGM") (the "First Agreement"), and to the Services and License Agreement dated 25th February 2010, by and between ParagonEX and B Option Ltd., a company incorporated under the laws of the State of Israel ("B Option") (the "Second Agreement"), is made as of the 11th day of November, 2010.

 

WHEREAS ParagonEX and WGM entered the First Agreement, ParagonEX and B Option entered the Second Agreement and all the parties hereto entered an addendum to such agreements (the "First Addendum") (the First Agreement, the Second Agreement and the First Addendum shall be referred to herein together as: the "Agreements");

 

WHEREAS each party raised by itself and through its legal advisors, claims against the other party with respect to the Agreements; and WHEREAS the parties agreed to settle all the disputes between them and to amend the Agreements under the terms as provided herein;

 

NOW THEREFORE, in consideration of the promises and the mutual covenants and agreements herein contained, the parties hereby agree as follows:

 

	
1.

	
All capitalized terms used herein and not otherwise defined shall have the meaning ascribed to them in the Agreements. For the purpose of this Addendum, WGM and B Option shall be considered as one party and ParagonEX shall be considered as one party.

 

	
2.

	
It is agreed that the first Monthly Minimum payment of the Processing Fees payable under the First Agreement (i.e. US$10,000) should be paid with respect to September 2010 (4 months from the Commencement Date) and that no such payment should be made with respect to any earlier period of time. The parties acknowledge that the Processing Fee for September, 2010 has already been paid by the Clients to ParagonEX prior to the date hereof.

 

	
3.

	
It is acknowledged by ParagonEX that all information collected by the Clients and stored on ParagonEX databases and/or the System shall be treated as Confidential Information of the Clients as defined in section 12 to the First Agreement and to the Second Agreement.

 

	
4.

	
It is agreed that section 10.3 to the First Agreement shall be cancelled, that the Clients shall not be obligated to implement a minimum Marketing Budget and that the Clients shall have the sole and absolute discretion to agree upon the amounts to be invested by them for marketing of the Clients' Websites. ParagonEX shall not have any right and/or claim in that respect.

 

	
5.

	
The Clients undertake, for a period of 18-months commencing on the effective date of this Addendum, not to enter into services and license agreements with third parties under which such third parties shall provide the Clients with binary options trading platform.

 

	
6.

	
It is agreed that ParagonEX shall provide the Clients with integration services regarding the implementation in the Clients' Websites of all the languages which the Clients shall require to implement in such Websites (without limitation with respect to the number of languages). In consideration for such integration services, the Clients shall pay (together) to ParagonEX a one-time fixed amount of US$10,000 (ten thousand US dollars) (out of which US$5,000 have already been paid and the remainder US$5,000 shall be paid following the launch of the "trading from the graph" feature in the Clients' Websites). It is agreed that, notwithstanding the provisions of the Agreements, such payment constitutes the sole and final consideration for such integration services which have been and for the integration services which shall be provided by ParagonEX to the Clients. ParagonEX undertakes to provide such integration services upon the Clients' request, from time to time, and in any event not later than 14 days from the date in which the Clients shall require such services.

 

  

  

  

 

	
7.

	
Subject to the compliance of the parties with the terms of this Addendum, each party hereby, irrevocably and unconditionally, waives, releases and forever discharges all rights and/or claims and/or demands that such party has and/or may have against the other party hereto and/or any of its affiliates and/or any of their shareholders and/or directors and/or officers and/or employees and/or representatives and/or organs, with respect to any matter and/or action related to the Agreements which took place prior to the date of this Addendum. Without derogating from the generality of the foregoing, each party waives any right and/or claim which such party has and/or may have against the other party with respect to any claimed debt and/or payment and/or other financial claim which such party has or may have against the other party as of the date hereof for any work and/or services provided prior to the date of this Addendum.

 

	
8.

	
All other terms and conditions of the Agreements shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have executed this Addendum as of the date set forth above.

 

	

/s/ Arik Peretz

	 	

/s/ Shimon Citron

	 	

/s/ Haim Tabak

	ParagonEX Limited	 	WGM Services Ltd.	 	 B Option Ltd.

 

                                                               /exhibit_10-30.htm

Exhibit 10.30

 

Chardan Capital Markets, LLC

17 State Street

Suite 1600

New York, NY 10004

 

	 	November 12, 2010

 

Via Email

BIOCANCELL THERAPEUTICS INC.

8 Hartom St.

POB 45389

Jerusalem, Israel 91451

Attn: Uri Danon, Chief Executive Officer

	
  

	
Re:   Termination of October 19, 2010 Letter Agreement

Dear Mr. Danon,

This letter will confirm that notwithstanding the survival provisions reflected in that Termination Letter dated November 8, 2010, terminating that certain Letter Agreement dated October 19, 2010 (“Letter Agreement”) between BioCancell Therapeutics Inc. (“BioCancell”) and Chardan Capital Markets, LLC ("Chardan"), Chardan will not be entitled to receive any fees or monies or other compensation set forth in the Letter Agreement other than the reimbursement of actual out of pocket expenses paid by Chardan.

Please confirm your understanding of the foregoing of by countersigning where indicated below. 

 

	 	Sincerely yours, 
 

__________________________

Chardan Capital Markets, LLC

 

Acknowledged and agreed:

 

__________________________

BioCancell Therapeutics Inc.ex4-13.htm

Exhibit 4.13

 

AMENDMENT AGREEMENT

This agreement(the “Agreement”) is made as of this 9th day of November, 2010 as and between Island Breeze International, Inc., a Delaware corporation (“IBI”), Island Breeze International, a Cayman Island exempt company (“International”, and collectively with IBI, “Island Breeze”), each with offices at 211 Benigno Blvd., Suite 201, Bellmawr, New Jersey 08031, and  _________________ (the “Investor”) with an office at ___________________.

WHEREAS,  on or about April 16, 2010 [the Investor] executed (i) a Joint Venture Agreement (“JVA”) with Island Breeze and (ii) a Securities Purchase Agreement (“SPA”) with IBI;

WHEREAS, pursuant to the SPA, [Investor] agreed to acquire 1,200,000 shares of IBI’s Common Stock at a price of $0.50 per share, for a total of $600,000 (the “Stock Purchase”);  

WHEREAS, pursuant to the JV Agreement, [Investor] agreed to lend a newly formed subsidiary of International (the “Subsidiary”) $14,400,000 in two tranches; the first tranche to be in the amount of $1,400,000 (the “First Tranche Loan”); and

WHEREAS, the parties wish to establish specific dates by which [Investor] will consummate the Stock Purchase and fund the First Tranche Loan.

NOW, THEREFORE, in consideration of the foregoing, the provisions set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

	
1.  

	
Except as set forth herein, each party hereby confirms and restates each of its obligations set forth in the JVA and SPA.

	
2.  

	
[Investor] will fund the $600,000 purchase price with respect to the Stock Purchase as follows:

(i) $50,000 on or before November 12, 2010;

(ii) $50,000 on or before November 19, 2010;

(iii) $50,000 on or before December 3, 2010; and

(iv) $450,000 on or before December 15, 2010.

	
3.  

	
[Investor] will fund the $1,400,000 First Tranche Loan on or before December 31, 2010.

 

  

  

  

 

 

	
4.  

	
This Agreement shall not be deemed to amend or alter in any respect the terms and conditions of the SPA or the JVA or the obligations of either party thereunder, or to constitute a waiver or release by either party of any right or remedy whether now in existence or subsequently arising under the SPA or the JVA, except that the payments by [Investor] described in Section 2 hereof will be deemed timely made provided such payments are made on or before the dates set forth in said Section 2.

	
5.  

	
This Agreement can be signed in counterparts, each one of which will constitute one and the same agreement.

IN WITNESS WHEREOF, each of the undersigned has entered into this Amendment Agreement as of the day and year first above written.

                                ISLAND BREEZE INTERNATIONAL, INC.

By:                                                                

      Name:

      Title:

ISLAND BREEZE INTERNATIONAL

By:                                                                                                                               

      Name:

      Title:

[INVESTOR]

By:                                                                                                                                

      Name:

      Title:

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