ADDENDUM TO
PURCHASE AND SALE AGREEMENT
DATED OCTOBER 31, 1995
THIS ADDENDUM TO PURCHASE AND SALE AGREEMENT DATED OCTOBER 31, 1995 is made
and entered into this 11th day of March 1997, by and between American
Registration Systems, Inc., an Indiana corporation ("ARS") and Image Technology,
Inc., a Nevada corporation ("ITI"), as follows:
Paragraphs 3.1 and 6.2 are each amended by deleting from each thereof the
date "May 1, 1997" and inserting in its place the date "May 1, 1999."
Paragraphs 3.1 and 6.2 are each hereby further amended to provide that ITI
shall have no payment obligation prior to May 1, 1998, and that ARS shall not be
entitled to place ITI in default with respect to such payment obligation prior
to May 1, 1998.
All other terms and conditions of said Purchase and Sale Agreement remain
in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed and delivered as of the date and year first above written.
AMERICAN REGISTRATION SYSTEMS, IMAGE TECHNOLOGY, INC., a Nevada
INC., an Indiana corporation corporation
By:__________________________ By:_____________________________
