EX-10.3 9 alternetex1031203.txt EXHIBIT 10.3 SCHOOLWEB SYSTEMS INC. #280-815 West Hastings Street Vancouver, BC V6C 1B4 Phone: (604) 608-2540 Fax: (604) 608-8775 July 17, 2001 Advanced Interactive Inc. 718-1350 East Flamingo Road Las Vegas, Nevada 89119 Attention: Karim Lakhani -and- Advanced Interactive Canada Inc. 2101-1177 West Hastings Street Vancouver, BC V6E 2K3 Attention: Harry K. Davis Dear Sirs: Re: License Agreement dated January 1, 2001 (the "Agreement") This letter is written to confirm as follows: 1. The license agreement dated January 1, 2001 (the "Agreement") between Advanced Interactive Inc. ("AII Nevada"), Advanced Interactive Canada Inc. ("AII Canada") and SchoolWeb Systems Inc. (formerly Alternet Systems Inc.) ("SchoolWeb") states, in Schedule 1.0, Part II, that the Territory for which rights are granted is: "The Territory for the SchoolWeb portion of the Licensed Technology is exclusive for USA and Canada. The Territory for the OfficeServer portion of the Licensed Technology is non-exclusive, worldwide." 2. The Agreement is hereby amended such that the Territory for which rights are granted is: "The Territory for the SchoolWeb portion of the Licensed Technology is exclusive for the USA, Canada and the Commonwealth of Jamaica. The Territory for the OfficeServer portion of the Licensed Technology is non-exclusive, worldwide." 3. In all other ways, the Agreement remains in full force and effect. If this accurately describes your understanding of our agreement, please so indicate by signing below and returning a copy of this letter to our offices at (604) 608-8775. Upon execution hereof, this letter becomes an amendment to the Agreement binding upon its terms. Yours truly, SCHOOLWEB SYSTEMS INC. /s/ Patrick Fitzsimmons Patrick Fitzsimmons, Director The terms of the Agreement above are hereby read, understood, acknowledged and accepted by the undersigned effective the 17th day of July, 2001. ADVANCED INTERACTIVE INC. By Its Authorized Signatory /s/ Karim Lakhani Karim Lakhani, President and Director ADVANCED INTERACTIVE CANADA INC. By Its Authorized Signatory /s/ Harry Davis Harry Davis, President and Director