0001193125-06-157822 Sample Contracts

FIRST AMENDMENT TO WARRANT AGREEMENT
Warrant Agreement • August 1st, 2006 • Action Products International Inc • Games, toys & children's vehicles (no dolls & bicycles)

This FIRST AMENDMENT TO THE WARRANT AGREEMENT, dated July 31, 2006, (the “Amendment”) hereby amends the Warrant Agreement dated June 16, 2006 (the “Agreement”) by and between ACTION PRODUCTS INTERNATIONAL, INC., a Florida corporation (the “Company”), and REGISTRAR AND TRANSFER COMPANY, as Warrant Agent (the “Warrant Agent”) as follows:

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