EXHIBIT 10.4
Amendment to Schedule B of the Asset Purchase Agreement
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Between
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Silver Mountain Financial, LLC AND DLR Funding, Inc.
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This Amendment replaces the original Schedule B from the Asset Purchase
Agreement dated March 9, 2006 in its entirety.
EXHIBIT B: PAYMENT TERMS -Amendment
On the Closing Date, Purchaser shall deliver to Seller the following:
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In exchange for all the assets of Seller, Purchaser will deliver the equivalent
of Seven Million, Four Hundred Nine Thousand, Two Hundred Sixty Four dollars
($7,409,264) worth of Common shares of DLR Funding Inc. of which will be paid as
follows:
Common stock, in the amount of Three Million, Seven Hundred Four Thousand, Six
Hundred Thirty Two (3,704,632) shares, convertible to Preferred Stock, Class
B-15 in the equivalent dollar value of $2 per Preferred share to $1 per Common
share, all shares subject to Rule 144.
The parties to this Amendment have caused this Agreement to be executed and
delivered as of May 3, 2006.
SELLER PURCHASER
Silver Mountain Funding, LLC DLR Funding, Inc.
By: /s/ Xxxxxxxx Xxxxxxxx By: /s/ Xxxxxx Xxxx
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Print Name: Xxxxxxxx Xxxxxxxx, Manager Print Name: Xxxxxx Xxxx, CEO
By: /s/ Xxxxxx Xxxxxxxx
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By: Xxxxxx Xxxxxxxx, Manager
By: /s/ Xxxx Xxxxxxxx
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By: Xxxx Xxxxxxxx, Manager
