This is an amendment to “Amended and Restated Master License and Manufacturing Agreement” herein know as “License
Agreement” dated May 26, 2004 (effective date April 3, 2004) and the related equipment sales agreement titled “Appendix B-2
Die Cut and Finish Sale Agreement” and related Appendix’s B-1 and B-3 know herein as “Equipment Agreement” together
known the “|$|AAContract” between LaserCard Corporation (formerly Drexler Technology Corporation) herein known as
“LCC” and Global Investments Group herein known as “GIG”.
Additionally, Prevent LOK, as a partner of GIG will agree and acknowledge these amendments and payment schedules as
The above License and Equipment Agreements are by this letter amended as follows:
1. Delete Single Card Printer : Attachment B page B-6 and related Appendix B-2 of “Die Cut and Finish Equipment Sale
Agreement” Exhibit A page A-2 are modified here to eliminate the line item “Single Card Print Line” from the list of equipment to
be supplied by LCC to GIG, and a price reduction of $900,000 is applied to the outstanding balance due on the remaining
equipment sales agreements. LCC will supply GIG with commercial quotations on the single card printer as proposed, in order to
confirm that such printer could be replaced by GIG at their own expense in the future for an approximately equal price.
The net balance due for equipment ordered under these series of agreement as of the date of this amendment is hereby adjusted
from $5,953,500 to $5,053,500.
2. Agreed Payments: Payment Procedures of Exhibit C of the combined Appendix B-1, B-2, and B-3 for all the Equipment Sales
Agreements are amended for the final series of payments as follows:
As of the date of this agreement, total equipment balance due is $5,053,500, to be paid no later than the following schedule:
Additionally, when sufficient funding is made available to Prevent LOK for project financing (approval of which is expected to
be finalized in the month of July 2006) t