EXHIBIT 10.3

                          ADDENDUM TO OPTION AGREEMENT

      This Addendum, dated as of December 29, 2005, to the Option Agreement
between CompuPrint, Inc. (the "Company") and Dmitry Vilbaum, dated as of June
29, 2005, amends Section 1 of the Option Agreement as follows:

      1.    The vesting period for the Options referenced in Section 1 of the
            Option Agreement is hereby accelerated such that the Options are
            exercisable as of December 30, 2005.

      2.    Section 3.C of the Option Agreement is hereby amended to include the
            following provisions:

            "Notwithstanding anything to the contrary herein, if the Optionee's
            employment with the Company is terminated for any reason other than
            for "cause" within six months preceding, or one year following, an
            event of a "change of control", the forfeiture provision reducing
            the exercise period shall not apply with respect to all vested but
            unexercised Options and rights to such Options, and the applicable
            exercise period shall be for a period of five years from the date of
            the original issuance date of the Options."

            "For purposes hereof, "Cause" shall mean: (i) you are convicted of,
            or plead guilty or nolo contendere to a charge of commission of, a
            felony; or (ii) you have engaged in willful gross neglect or willful
            gross misconduct in carrying out your duties, which results in
            material economic harm to the Company or in reputational harm
            causing quantifiable material injury to the Company. For purposes
            hereof, no act or failure to act, on your part, shall be considered
            "willful" unless it is done, or omitted to be done, by you in bad
            faith or without reasonable belief that your action or omission was
            in the best interests of the Company. Any act, or failure to act,
            based upon authority given pursuant to a resolution duly adopted by
            the Board or upon the instructions of the President, CEO or a
            Director or based upon the advice of counsel for the Company shall
            be conclusively presumed to be done, or omitted to be done, by you
            in good faith and in the best interests of the Company. The
            cessation of employment shall not be deemed to be for Cause unless
            and until there shall have been delivered to you a copy of a
            resolution duly adopted by the affirmative vote of not less than
            three-quarters of the entire membership of the Board at a meeting of
            the Board called and held for such purpose (after reasonable notice
            is provided to you and you are given an opportunity, together with
            counsel, to be heard before the Board), finding that, in the good
            faith opinion of the Board, you are guilty of the conduct described
            in clause (ii)above, and specifying the particulars thereof in
            detail."

            "The term "change of control" shall have the meaning as set forth in
            the Company's 2005 Stock Incentive Plan."

Dated:  December 29, 2005


/s/ Dmitry Vilbaum
--------------------------------------
Dmitry Vilbaum (the "Optionee")



COMPUPRINT, INC.

By:  /s/ Roman Rozenberg
--------------------------------------
Roman Rozenberg, Chief Executive Officer