EXHIBIT 99.1
[INGEN TECHNOLOGIES, INC. LOGO HERE]
Letter of Amendment
Amendment
For
TECHNOLOGY AND PATENT PENDING PURCHASE & SALE AGREEMENT
(OXYVIEW(R); XXXXXXXXX)
Dated: May 6, 2008
This amendment is pursuant to the TECHNOLOGY AND PATENT PENDING PURCHASE & SALE
AGREEMENT (OXYVIEW(R); XXXXXXXXX) dated November 7, 2006.
Whereas, pursuant to section J. MISCELLANEOUS LEGAL CONSIDERATIONS,
Modifications and Amendments. The terms and conditions of this Agreement may be
amended at any time and from time to time, in whole and in part, upon written
agreement signed by a duly authorized officer of Ingen and grantor.
Whereas, I, Xxxxx Sand, CEO and Chairman, a duly authorized officer of Ingen
Technologies, Inc. agree to amend section D. PURCHASE & SALE; PRICE AND TER1'IS,
paragraph: 1. The issuance of an option for two million (2,000,000) shares of
restricted common stock of Ingen; at an exercise price of $0.06 per share. The
options may be exercised at any time within 5 years after Ingen sells its first
1 million OxyView(TM) units.
Amended as: 1. The issuance of two million (2,000,000) Preferred Class A shares
of Ingen to be issued on or before May 31, 2008.
Whereas, I, Xxxxxxx XxXxxxxxx, agree to the terms and conditions of this
Amendment.
/s/ Xxxxxxx XxXxxxxxx
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Xxxxxxx XxXxxxxxx DATE
/s/ XXXXX SAND
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XXXXX SAND, CEO DATE
INGEN TECHNOLOGIES, INC.
