EXHIBIT 4.09
November 21, 2006
AJW Partners, LLC AJW Qualified Partners, LLC AJW Offshore, Ltd.
New Millennium Capital Partners, II, LLC
c/o NIR Group, Inc.
0000 Xxxxxxxx Xxxxxxxxx
Xxxxxx, Xxx Xxxx 00000
Gentlemen:
This letter is intended to amend the Securities Purchase Agreement (the
"Agreement") dated July 25, 2006 by and among Ingen Technologies, Inc. (the
"Company"), AJW Qualified Partners, LLC ("Qualified"), New Millennium Capital
Partners II, LLC ("NMC"), AJW Offshore, Ltd. ("Offshore") and AJW Partners, LLC
("AJW") (Qualified, NMC, Offshore and AJW are collectively referred to as the
"Investors"). The Agreement currently provides for a $2million financing. The
Company has been funded $1.3million in gross proceeds to date and is due another
$700,000 upon the declaration of an effective registration statement from the
Securities and Exchange Commission. It is agreed, that notwithstanding anything
to the contrary contained in the Agreement that the financing will now total
$1.5million in gross proceeds to the Company with the remaining $200,000 to be
funded after the Company receives its initial set of comments from the
registration statement scheduled to be filed between November 22 and November
29. All other terms of the Agreement will remain unchanged.
Page 2
Amendment to Securities Purchase Agreement
November 21, 2006
To indicate your acceptance, please sign in the indicated space.
Sincerely,
INGEN TECHNOLOGIES, INC.
By: s/s
Xxxxx Sand
Chief Executive Officer
Agreed and Accepted
AJW Offshore, Ltd.
By: s/s
AJW Partners, LLC
By: s/s
New Millennium Capital Partners II, LLC
By: s/s
AJW Qualified Partners, LLC
By: s/s
