SECOND AMENDMENT TO UNDERWRITING AGREEMENT DATED JUNE 27, 2002
THIS SECOND AMENDMENT to that certain Agreement, June 27, 2002, as Amended
on June 3, 2003, is made this 10th day of July, 2003, between and among
International Test Systems, Inc., a Delaware Corporation (hereinafter "Company")
and Public Securities, Inc., a Washington Corporation (hereinafter "Public").
WHEREAS, the Company and public entered into an Agreement, dated June 27,
2002 (collectively the "Agreement").
WHEREAS, the Company and Public amended certain portions of the Agreement
on June 3, 2003;
NOW, THEREFORE, in consideration of the mutual agreements contained herein,
the parties hereto further amend the Agreement only as to the following
sections:
Section 4, Escrow Account, (a), as amended on June 3, 2003, is hereby
deleted in its entirety and any reference to the Impound Account is also
deleted.
AGREED AND ACCEPTED:
INTERNATIONAL TEST SYSTEMS, INC.
By: /s/ ▇▇▇▇▇ Birmingham
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▇▇▇▇▇ Birmingham, President Dated: July 10, 2003
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PUBLIC SECURITIES, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇, President Dated: July 10, 2003
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