Exhibit 10.30
Selling Agent Agreement Amendment No. 1
This Amendment No. 1 to Selling Agent Agreement is made as of the 14th day
of May, 2004 by and between GunnAllen Financial, Inc., 0000 X. Xxxxxxxxx Xxxx.,
Xxxxx 000, Xxxxx, Xxxxxxx 00000 ("GAF") and Redline Performance Products, Inc.,
0000 Xxxxxxxx Xxx, Xxxxx, XX 00000 ("Redline").
Reference is made to that certain Selling Agent Agreement between GAF and
Redline dated as of April 20, 2004 ("Original Agreement"). All terms not
otherwise defined herein shall have the meanings ascribed to such terms in the
Original Agreement.
For lawful and valid consideration, GAF and Redline hereby agree as
follows:
1. GAF hereby accepts warrants to purchase 50,000 shares of Redline
Common Stock with an exercise price of $1.75 per share in lieu of the Selling
Agent Warrants described in Section 5(b) of the Original Agreement. All other
terms of the Selling Agent Agreement shall remain in effect. The form of Selling
Agent Warrant is attached to this Amendment No. 1.
2. The terms of the Offering have been amended as described in the
Amendment No. 1 dated May 14, 2004 to the Common Stock Purchase Agreement dated
as of April 21, 2004 delivered by Redline to investors in the Offering.
3. Except as provided herein, all other terms and conditions of the
Original Agreement shall remain in full force and effect.
ACCEPTED AND AGREED:
GUNNALLEN FINANCIAL, INC. REDLINE PERFORMANCE PRODUCTS, INC.
By: /s/ Xxxxxx X. Xxxx By: /s/ Xxxx X. Xxxxx
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Name: Xxxxxx X. Xxxx Name: Xxxx X. Xxxxx
Title: President Title: President and CFO
