EXHIBIT 4.11
AMENDMENT NO. 1
TO
CONSULTING SERVICES AGREEMENT
THIS FIRST AMENDMENT TO CONSULTING SERVICES AGREEMENT, dated March 3,
2005 (the "First Amendment"), is by and between Kevin Evans (the "Consultant"),
and NANNACO, Inc., a Texas corporation (the "Client").
RECITALS
A. The Consultant and the Client entered into a Consulting Services
Agreement dated February 3, 2005 a copy of which is attached hereto as Exhibit A
(the "Agreement"), pursuant to which the Consultant agreed to provide certain
consulting services to the Client.
B. Client and Consultant wish to amend Section 2 and Section 6 of the
Agreement to provide for additional consideration in exchange for additional
consulting services and to extend the term of the Agreement.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing, and the mutual
agreements, representations, warranties and covenants contained herein, and for
other good and valuable consideration the receipt of which is hereby
acknowledged, the parties hereto agree as follows:
A. Section 2 of the Agreement shall be deleted in its entirety and is hereby
amended to read as follows:
"2. Consideration.
Client agrees to pay Consultant, as his fee and as consideration for
services provided, 2,000,000 shares of common stock of the Client, which shares
shall be registered on Form S-8 with the United States Securities and Exchange
Commission (the "SEC"). By amendment dated March 3, 2005 Client agrees to pay
Consultant an additional 2,000,000 shares of common stock of the Client, which
shares shall be registered on Form S-8. All shares and certificates representing
such shares shall be subject to applicable SEC, federal, state (Blue sky) and
local laws and additional restrictions set forth herein."
1
B. Section 6 of the Agreement shall be deleted in its entirety and is hereby
amended to read as follows:
6. Termination and Renewal.
(a) Term.
This Agreement shall become effective on the date appearing next to the
signatures below and terminate twelve (12) months thereafter. Unless otherwise
agreed upon in writing by Consultant and Client, this Agreement shall not
automatically be renewed beyond its Term.
"6. Termination and Renewal.
(a) Term.
This Agreement shall become effective on the date appearing next to the
signatures below and terminate twelve (12) months thereafter (the "Term").
Unless otherwise agreed upon in writing by Consultant and Client or otherwise
provided herein, any amendment to this Agreement shall automatically have the
effect of extending the Term of the Agreement until the later of one hundred
eighty (180) days following the original Term or for an additional one hundred
eighty (180) days following the date of such amendment.
IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed and have agreed to and accepted the terms herein on the date written
above.
CLIENT:
NANNACO, INC.
By:
-------------------------
Name: Steve Careaga
Its: CEO
CONSULTANT:
By:
-------------------------
Name: Kevin Evans
2