July 29, 2010 Board of Directors Innolog Holdings Corp
July 29,
2010
Board of
Directors
Innolog
Holdings Corp
0000
Xxxxxx Xxxxx
Suite
830
Fair
Oaks, VA 22033
To the
Board of Directors,
This
letter agreement amendment (the “Letter Agreement Amendment”) will confirm our
understanding of the terms and conditions under which Innolog Holdings Corp (the “Company”)
and Emerging Companies LLC (“Advisor”) agree to amend the letter
Agreement between the Company and Advisor executed on May 27, 2010 (the “Letter
Agreement”). Company and Advisor hereby amend the Letter Agreement as
follows:
Section
II D is amended to read as follows
D.
Warrants:
Upon the
signing of this Letter Agreement Amendment, Advisor will receive
Warrants. The Company agrees to pay the Advisor five hundred thousand
(500,000) warrants priced at fifty cents per warrant. The warrants
will be exercisable for a total of five years.
All
remaining terms of the letter agreement remain in full force and effect and are
hereby incorporated by reference.
Please
confirm the foregoing correctly sets forth our agreement by signing and
returning to Advisor a signed duplicate copy of this letter agreement
amendment.
AGREED
AND ACCEPTED:
Emerging
Companies, LLC
Xxxxxxx
Xxxxxxx
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Managing
Director
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Date
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Xxx
Xxxxxx
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On
behalf of the Board of
Directors
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Date
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