AMENDMENT TO TECHNOLOGY DEVELOPMENT AND OPTION AGREEMENTDevelopment Agreement |
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MEDPRO SAFETY PRODUCTS, INC. | SGPF, LLC. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Exhibit 10.1
AMENDMENT TO
TECHNOLOGY DEVELOPMENT AND OPTION AGREEMENT
This AMENDMENT TO TECHNOLOGY DEVELOPMENT AND OPTION AGREEMENT (this "Amendment") is entered into as of August 18, 2008, between SGPF, LLC, a Kentucky limited liability company (“SGPF”) and MEDPRO SAFETY PRODUCTS, INC, a Kentucky limited liability company (“MedPro”).
RECITALS:
A. MedPro and SGPF are parties to that certain TECHNOLOGY DEVELOPMENT AND OPTION AGREEMENT dated effective August 24, 2007 (the "Agreement"). Capitalized terms not otherwise defined herein shall have the meanings assigned them in the Agreement.
B. Vision Opportunity Master Fund, Ltd. (“Vision”) has agreed to exercise its J Warrants in MedPro, provided that the parties agree to amend certain provisions of the Agreement.
C. SGPF is agreeable to amending the Agreement provided that Vision exercises the J Warrants in full and MedPro exercises its right to purchase the Blunt Technology under the terms of the Agreement.
NOW, THEREFORE, in consideration of the mutual promises hereby made, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Amendments . Subject to Paragraph 2 below, the Agreement is hereby amended as follows:
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(a) |
Section 3.2(i)(a) is hereby replaced and amended in its e |






