FendX Technologies — Regulatory Filings 2022

Aug 13, 2022

Amendment No. 1 to the Standard License Agreement

Dated: 14 July 2021

This Amendment No. 1 (“Amendment”), dated as of the date set forth above, amends the Standard License Agreement (the “Standard License Agreement”) dated as of 5 February 2021 by and between McMaster University, a Canadian University with principal offices at 1280 Main Street West, Hamilton, Ontario L8S 4L8 (“McMaster”) and FendX Technologies Inc., a corporation organized and existing under the laws of British Columbia, having an office at 400-725 Granville Street, Vancouver, BC V7Y 1GS (“FendX”) is effective from February 5, 2021 once both parties have signed.

In consideration of one dollar ($1.00) and the mutual covenants set forth herein and in the Standard License Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

1. All capitalized terms used herein and not otherwise defined shall have the respective meanings set forth in the Standard License Agreement.

2. The parties hereby amend the Standard License Agreement by adding the following new Section 5.5:

“5.5 Graduate Student IP . Any intellectual property or other proprietary rights that would qualify as Created IP or Funded IP but for the involvement of a graduate student of McMaster where the Sponsor has not funded at least 70% of the cost of such graduate student shall be owned by McMaster and licensed to Licensee pursuant to the license granted in Section 3.1 hereof, with no additional costs to the Licensee.”

1. All other terms and conditions of the Standard License Agreement are hereby ratified, confirmed and continued.

IN WITNESS WHEREOF the parties have caused this Amendment to be signed by their duly authorized representatives as of the date first set forth above.

SIGNED for and on behalf of McMaster SIGNED for and on behalf of FendX University : Technologies Inc. : Name: Gay Yuyitung Name: Carolyn Myers Position: Executive Director, MILO Position: CEO Signature:…………………………….. "Gay Yuyitung" Signature:…… "Carolyn Myers" …………… …………….