AMENDMENT TO AGREEMENT
AMENDMENT TO AGREEMENT
The
following provisions are hereby incorporated into, and are hereby made a part
of, that certain Settlement Agreement dated August 19, 2008 by and among Matech
Corp., a Delaware corporation (f/k/a Material Technologies, Inc.) (“MaTech”),
RBC Dexia Investor Services Bank Luxembourg (“Xxxxxx Xxxx”), Anima S.G.R.P.A.
Rubrica Anima America (“Anima”), and Kreuzfeld Ltd., (“Kreuzfeld”) and such
provisions are effective retroactively to the date of the Agreement (the
“Effective Date”). All capitalized terms in this Amendment to
Agreement, to the extent not otherwise defined herein, shall have the meanings
assigned to such terms in the Agreement.
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1.
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With
respect to Xxxxxx Xxxx only, Section 1.2 of the Agreement is hereby
amended, as follows:
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1.2
Xxxxxx Xxxx hereby agrees to return to MaTech, any and all shares of common
stock held by them, including the Common Stock, in exchange for a number of
newly issued shares of MaTech common stock equal to 50% of those shares returned
by them (the “Shares”);
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2.
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Section
1.5 is hereby deleted in its
entirety.
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3.
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All
other provisions of the Agreement shall remain
unchanged.
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IN WITNESS WHEREOF, the
Parties have caused this Amendment to Agreement to be duly executed and
delivered as of November 4, 2008.
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a
Delaware corporation
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RBC DEXIA INVESTOR
SERVICES
BANK
LUXEMBOURG,
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By:
Xxxxxx X. Xxxxxxxxx
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By:
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Its:
Chief Executive Officer
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Its:
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