Agreement dated December 19th, 2000 by and between NOCOPI TECHNOLOGIES, INC., a corporation
organized and existing under the laws of Maryland, with offices at 537 Apple Street, West Conshohocken,
Pennsylvania 19428-2903 ("NOCOPI"), and WESTVACO BRAND SECURITY INC., a corporation
organized and existing under the laws of Delaware, with offices at One High Ridge Park, Stamford, Connecticut
06905, and its AFFILIATES ("LICENSEE").
1. This Agreement amends a certain License Agreement (the "License Agreement") between the parties dated as
of September 1, 2000.
Section 1.13 is amended to state in its entirely as follows:
Section 1.13 As used here there term "TERRITORY" shall mean the world with the exclusion of EUROPE as
defined in the License Agreement.
Section 4.03 is deleted in its entirely and all payments made to date under this section shall be returned to
Sections 7.01 and 7.02.1 are amended to set forth in their entirety are follows:
7.01 This Agreement shall commence on September 1, 2000 and shall
continue until August 31, 2003 (unless terminated as
hereinafter provided); and thereafter from year to year,
unless and until terminated as provided for in Clause 7.02.1
7.02 LICENSEE and NOCOPI shall have the option of terminating this
Agreement in the following circumstances:
7.02.1 After August 31, 2003, by one hundred and twenty (120) days'
notice, in advance and in writing, given by either Party to
2. If at any time during the term of the License Agreement, NOCOPI becomes able to grant LICENSEE the
exclusive right to market, promote, sell and manufacture EXCLUSIVE PRODUCTS throughout the world, and
the non-exclusive right to market, promote, sell and manufacture NON-EXCLUSIVE PRODUCTS, throughout
the world, then TERRITORY shall be immediately redefined to include EUROPE, and NOCOPI will take all
necessary actions to confirm such right.
IN WITNESS WHEREOF, th