Contract
Amendment
No. 1 dated as of July 10, 2006 to Asset Purchase Agreement dated May 25, 2005
(the “Purchase Agreement”) between Sea Change Group, LLC, a New York limited
liability company (“Seller”), and Innopump, Inc., a Nevada corporation
(“Buyer”).
RECITALS
Buyer
and
Seller, having entered into the Purchase Agreement, now wish to amend the
Purchase Agreement by deleting therefrom one of its provisions.
NOW
THEREFORE, in consideration of the premises, the parties hereto agree as
follows:
1.
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Amendment.
Section 3.1.2 is hereby deleted from the Purchase Agreement.
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2.
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Effect
of Amendment. Except as amended hereby, the Purchase Agreement shall
remain unmodified and in full force and effect, and is ratified and
confirmed in all respects.
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3.
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Entire
Agreement. This Amendment together with the Purchase Agreement
constitute the full and entire understanding and agreement between
Seller
and Buyer with regard to the subjects set forth in the Purchase Agreement.
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4.
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Headings.
The headings contained in this Amendment are for convenience of reference
only and are not to be given any legal effect and shall not affect
the
meaning or interpretation of this Amendment.
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IN
WITNESS WHEREOF, the parties have executed this Amendment as of the date first
written above.
SEA
CHANGE GROUP, LLC
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INNOPUMP,
INC.
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By:
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By:
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Name: |
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Name:
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Title:
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Title:
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