AMENDMENT NO. 1 TO AGREEMENT
Exhibit 10.3
AMENDMENT NO. 1 TO AGREEMENT
AMENDMENT NO. 1 to that certain agreement dated December 11, 2009, by and among, Diamond Technologies Inc., a Nevada corporation whose principal office is located at 0000 Xxxxxx Xxxxxx Xxxx, Xxxx 0, Xxxxxxxx, XX X0X 0X0 Xxxxxx (“DTI”); and Xxxx Xxxxx, Xxxxx Xxxxx, Xxxxxx Xxxxx and Xxxxx Xxxxx, who are directors and shareholders of Rophe Medical Technologies Inc. (collectively referred to as “SELLER”); and Rophe Medical Technologies Inc., a corporation organized under the laws of Canada whose principal office is located at 000 Xxxxxx Xxxx Xxxx, Xxxx 000, Xxxxxxx, XX X0X 0X0 Xxxxxx (“ROPHE”).
WHEREAS, the parties executed an agreement on December 11, 2009 (hereinafter referred to as the “Agreement”), a copy of which is attached hereto as “Exhibit A”; and
WHEREAS, paragraph 1.3(a) of the Agreement provides for the payment by DTI to ROPHE of $50,000 within 30 days of December 11, 2009; and
WHEREAS the parties desire to make certain amendments to the Agreement including an amendment to the said paragraph 1.3(a);
NOW, THEREFORE, in consideration of the sum of ten dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
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1.
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The Agreement is amended by substituting in paragraph 1.3(a) for the words “$50,000 within 30 days of the execution of this Agreement” the words “$50,000 on or before the 30th day of January, 2010”.
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2.
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The following shall be added to the Agreement as paragraph 8.4: “Notwithstanding anything elsewhere contained herein, in the event of any default in the performance of this Agreement by either party (the “Defaulting Party”), except for the payment of $50,000 payable on or before the 30th day of January 2010, the Defaulting Party shall be allowed a period of thirty (30) days in which to remedy such default.”
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All other provisions of the Agreement dated December 11, 2009 remain in full force and effect.
DATED this 18th day of December, 2009.
a Nevada Corporation
By: XXXXX XXXXXX, President
ROPHE MEDICAL TECHNOLOGIES INC.
a corporation organized by the laws of Canada
By: XXXX XXXXX, President
