**Exhibit 10.50****NOVINT TECHNOLOGIES, INC.****AMENDMENT NO. 1 TO****INVESTOR RIGHTS AGREEMENT**THIS AMENDMENT NO. 1 TO INVESTOR RIGHTS AGREEMENT (this **“**Amendment”) is entered into as of March30, 2007 by and among Novint Technologies, Inc., a Delaware corporation (the “**Company**”) and theInvestors listed on Exhibit A to the Investor Rights Agreement dated as of March 5, 2007(collectively the “Investors”).Background. On February 23, 2007, the Company and the Investors entered into the UnitPurchase Agreement and the Agreement whereby, among other things, the Company issued and sold theCommon Stock and the Warrants, in the form of Units to the Investors, and the Company agreed, underthe terms of the Investor Rights Agreement, to register the Common Stock and Warrant Shares withthe Commission on the terms set forth in the Agreement.The Company has requested, and the Investors have agreed, to amend the Agreement to provide thatthe Mandatory Registration Date be extended to May 31, 2007.In consideration of the mutual covenants contained herein and other good and valuableconsideration, the receipt and sufficiency of which hereby are acknowledged, the parties agree asfollows:Certain Definitions: All terms used in this Amendment, but not defined herein, shall havethe meaning ascribed such terms in the Agreement.1. Mandatory Registration. The Company and the Investors hereby agree that the datefor filing the Mandatory Registration shall be May 31, 2007.(a) The first sentence of Section 1(a) of the Agreement is hereby modified to read in itsentirety as follows:“No later than May 31, 2007, the Company will prepare and file with the SEC a registrationstatement on Form SB-2 for the purpose of registering (such registration, the “**MandatoryRegistration**”) under the Securities Act all of the Registrable Shares for resale by, and for theaccount of, the Investors as selling stockholders thereunder (the “**Registration Statement**”).”
 
 

 
(b) The first sentence of Section 7(a) of the Agreement is hereby modified to read in itsentirety as follows:“If (i) the initial Registration Statement is not filed by the Company with the SEC on orprior to May 31, 2007 (the “**Mandatory Registration Date**”), (ii) such Registration Statement is noteffective on the Mandatory Registration Effective Date, (iii) any Subsequent Registration Statementis not filed by the Mandatory Subsequent Registration Filing Date, or (iv) anySubsequent Registration Statement is not effective on the Mandatory Subsequent RegistrationEffective Date (each such event a “**Registration Failure**”), then for each day (w) following theMandatory Registration Date, (x) following each Mandatory Subsequent Registration Filing Date, (y)following the Mandatory Registration Effective Date, or (z) following each Mandatory SubsequentRegistration Effective Date, until but excluding the date the Registration Statement or SubsequentRegistration Statement is filed or becomes effective, as applicable, the Company shall, for eachsuch day, pay the Holder with respect to any such failure, as liquidated damages and not as apenalty, an amount equal to 0.0333% of the sum of (i) the purchase amount paid by such Holder (orif such Holder was not an Investor, by the Investor from which the Holder directly or indirectlyacquired the Registrable Shares) for its Registrable Shares pursuant to the Unit SubscriptionAgreement (the **“Subscription Payment”**) and (ii) amount paid for Underlying Securities held by suchHolder (the **“Warrant Payment”**); and for any such day, such payment shall be made no later than thefirst business day of the calendar month next succeeding the month in which such day occurs;***provided however,*** that liquidated damages arising from a Registration Failure shall accrueor be payable by the Company only to the extent of the number of Registrable Shares affected bysuch Registration Failure.”3. Counterparts. This Amendment may be executed (including by facsimile transmission)with counterpart signature pages or in two or more counterparts, each of which shall be deemed anoriginal, but all of which together shall constitute one and the same instrument.[REMAINDER OF PAGE INTENTIONALLY BLANK]
 
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