Document:

sec document

                                                                    Exhibit 10.2

                   FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT

            FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT (this "First
Amendment"), dated as of May 22, 2007, by and between OLIVOTTO GLASS
TECHNOLOGIES S.P.A., an Italian corporation ("Buyer"), and LYNCH SYSTEMS, INC.,
a South Dakota corporation ("Seller").

                              W I T N E S S E T H:

            WHEREAS, the Buyer and the Seller entered into that certain Asset
Purchase Agreement (the "Agreement"), dated as of May 17, 2007, and desire to
enter into this First Amendment in order to make certain amendments to the
Agreement;

            NOW, THEREFORE, for good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto hereby agree as
follows:

                                    ARTICLE I

                                    AMENDMENT

      1.1. Capitalized terms used in this First Amendment but not otherwise
defined herein shall have the respective meaning ascribed to such terms in the
Agreement.

      1.2. Effective as of the date hereof Section 9.1(e) of the Agreement is
amended and restated to read in full as follows:

            "(e) by either Buyer or Seller if the Closing has not occurred
            (other than through the failure of any party seeking to terminate
            this Agreement to comply in all material respects with its
            obligations under this Agreement) on or before June 15, 2007;"

                                   ARTICLE II

                                  MISCELLANEOUS

      2.1. COUNTERPARTS. This First Amendment may be executed by one or more of
the parties to this First Amendment in any number of separate counterparts and
all of said counterparts taken together shall be deemed to constitute one and
the same instrument.

      2.2. GOVERNING LAW. This First Amendment and the rights and obligations of
the parties under this First Amendment shall be governed by, and construed and
interpreted in accordance with, the laws of the State of New York without regard
to choice of law provisions.

      2.3. ENTIRE AGREEMENT. This First Amendment, together with the other
documents and agreements referenced herein to be executed by the parties in
connection herewith or that otherwise are executed by the parties concurrently
herewith, constitutes the entire agreement of the parties with respect to the
subject matter hereof, and supersedes any prior agreements or understandings,
whether written or oral with respect to such subject matter.

      IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to
be executed as of the day and year first above written.

                                         BUYER:

                                         OLIVOTTO GLASS TECHNOLOGIES S.P.A.

                                         By: /s/ Giulio Napoli
                                             -----------------------------------
                                             Name:  Giulio Napoli
                                             Title: President

                                         SELLER:

                                         LYNCH SYSTEMS, INC.

                                         By: /s/ Jeremiah M. Healy
                                             -----------------------------------
                                             Name:  Jeremiah M. Healy
                                             Title: Chief Executive OfficerEXHIBIT 4.1

                               CONOLOG CORPORATION

                            2007 STOCK INCENTIVE PLAN

                                   ARTICLE I.

                        PURPOSE AND ADOPTION OF THE PLAN

1.1.PURPOSE. The purpose of the Conolog Corporation 2007 Stock Incentive Plan
(hereinafter referred to as the "Plan") is to retain directors, executives,
employees and selected consultants and reward them for making contributions to
the success of the Company. These objectives are accomplished by making awards
under the Plan thereby providing participants with a proprietary interest in the
growth and performance of the Company.

1.2. ADOPTION AND TERM. The Plan has been approved by the Board of Directors
(hereinafter referred to as the "Board") of Conolog Corporation (hereinafter
referred to as the "Company"), and is being submitted to the Company's
shareholders for approval. Provided that the Plan is approved by shareholders
holding the required number of shares of the Company's common stock to approve
the Plan under Delaware law, it shall become effective at the time of such
approval. The Plan shall remain in effect until the Plan is terminated by action
of the Board or all shares of Common Stock reserved for issuance under the Plan
have been granted.

                                   ARTICLE II.

                                     SHARES

2.1. NUMBER OF SHARES ISSUABLE. The total number of shares initially authorized
to be issued under the Plan shall be 800,000 shares of common stock of the
Company, par value $0.01 per share ("Common Stock").

                                  ARTICLE III.

                                  PARTICIPATION

3.1. ELIGIBLE PARTICIPANTS. Participants in the Plan shall be such directors,
officers, employees and/or consultants of the Company as the Board, in its sole
discretion, may designate from time to time. The Board's issuance of Common
Stock to a participant in any year shall not require the Board to designate such
person to receive Common Stock in any other year. The Board shall consider such
factors as it deems pertinent in selecting participants and in determining the
amount of Common Stock to be issued.

                                     --25--
<PAGE>

                                   ARTICLE IV.

                                  MISCELLANEOUS

4.1 INVESTMENT INTENT. All shares granted under the Plan are intended to be
exempt from registration under the Securities Act of 1933, as amended (the
"Securities Act"). Unless and until the sale and issuance of Common Stock
subject to the Plan are registered under the Securities Act or shall be exempt
pursuant to the rules promulgated thereunder, each grant under the Plan shall
provide that the purchases or other acquisitions of Stock thereunder shall be
for investment purposes and not with a view to, or for resale in connection
with, any distribution thereof. Further, unless the issuance and sale of the
Common Stock have been registered under the Securities Act, each grant shall
provide that no shares shall be sold unless and until (i) all then applicable
requirements of state and federal laws and regulatory agencies shall have been
fully complied with to the satisfaction of the Company and its counsel, and (ii)
if requested to do so by the Company, the person who is to receive a grant of
Common Stock pursuant to the Plan shall execute and deliver to the Company a
letter of investment intent and/or such other form related to applicable
exemptions from registration, all in such form and substance as the Company may
require. If shares are issued pursuant to the Plan without registration under
the Securities Act, subsequent registration of such shares shall relieve the
recipient of a grant of shares of Common Stock pursuant to the Plan of any
investment restrictions or representations made upon the sale of such shares.

4.2 AMENDMENT, MODIFICATION, SUSPENSION OR DISCONTINUANCE OF THE PLAN. The Board
may, insofar as permitted by law, from time to time, suspend or terminate the
Plan or revise or amend it in any respect whatsoever, except that without the
approval of the shareholders of the Company, no such revision or amendment shall
(i) increase the number of shares subject to the Plan, (ii) materially increase
the benefits to participants, or (ii) change the class of persons eligible to
receive grants under the Plan; provided, however, no such action shall alter or
impair the rights and obligations under any outstanding shares of Common Stock
which were granted pursuant to the Plan without the written consent of the
recipients of such shares. No shares of Common Stock may be issued while the
Plan is suspended or after it is terminated, but the rights and obligations
under any shares of Common Stock issued while the Plan is in effect shall not be
impaired by suspension or termination of the Plan.

4.3 STOCK SPLITS, STOCK DIVIDENDS COMBINATIONS OR RECLASSIFICATIONS. In the
event of any change in the outstanding stock of the Company by reason of a stock
split, stock dividend, combination or reclassification of shares,
recapitalization, merger, or similar event ("Adjusting Event"), the Board or the
Committee may adjust proportionally (a) the number of shares of Common Stock
reserved under the Plan, which have not been granted as of the date of such
Adjusting Event.

4.4 WITHHOLDING. The Company shall have the right to deduct applicable taxes
from any grant of Common Stock an appropriate number of shares for payment of
taxes required by law or to take such other action as may be necessary in the
opinion of the Company to satisfy all obligations for withholding of such taxes.
If Stock is used to satisfy tax withholding, such stock shall be valued based on
the Fair Market Value when the tax withholding is required to be made. The Fair
Market Value shall mean the fair market value of the of the Company's issued and
outstanding common stock s determined in good faith by the Board.

                                     --26--

<PAGE>

4.5 GOVERNING LAW. The Plan and all determinations made and actions taken
pursuant hereto, to the extent not otherwise governed by the securities laws of
the United States, shall be governed by the law of the State of Delaware and
construed accordingly.

                                     --27--EX-4.13

                      WAIVER AND AMENDMENT NO. 1 TO WARRANT

         THIS WAIVER AND  AMENDMENT  NO. 1 TO WARRANT,  effective  as of May 11,
2007 (the "AMENDMENT"),  is entered into by and between Summit Global Logistics,
Inc.,  a  Delaware  corporation,  formerly  known  as  Aerobic  Creations,  Inc.
("COMPANY"),  and the Required  Holders.  Capitalized terms used but not defined
herein  shall have the  meanings  ascribed  to them in the  Registration  Rights
Agreement (as hereinafter defined).

         WHEREAS,  pursuant  to  a  Securities  Purchase  Agreement  (Notes  and
Warrants),  dated as of  November  8, 2006 by and among  Maritime  Logistics  US
Holdings  Inc., a Delaware  corporation,  the Company  (pursuant to that certain
Joinder Agreement dated as of the date hereof) and the Buyers,  the Company sold
to each  Buyer (i) Notes  and (ii)  Warrants  and the  Buyers  entered  into the
Registration Rights Agreement ("REGISTRATION RIGHTS AGREEMENT").

        WHEREAS,  in  exchange  for the  waiver of  certain  existing  events of
default and certain  amendments that are beneficial to the Company,  the Company
has agreed to amend the Notes;

        WHEREAS,  in  connection  with  the  amendment  to  the  Notes  and  the
Registration Rights Agreement and the sale of the New Notes and New Warrants (as
defined below), the Company and the Holders have agreed to amend the Warrants in
certain respects as provided herein and waive certain rights; and

        WHEREAS,  the signatures of the Required Holders (the Holders holding of
at least a majority  shares  issuable  upon the  exercise  of the  Warrants)  is
required to effect a waiver and to amend all of the Warrants as provided  herein
and whereas each of the signatories  hereto,  representing at least the Required
Holders, have agreed to effect this Amendment; and

        WHEREAS, the Company also wishes to raise additional capital through the
sale of additional secured  convertible notes and warrants (of like tenor to the
Notes  as  amended  and the  warrants,  the  "New  Notes"  and  "New  Warrants,"
respectively).

        NOW,  THEREFORE,  in  consideration of the premises and the other mutual
covenants contained herein, the receipt and sufficiency are hereby acknowledged,
the parties hereto agree as follows:

        SECTION 1.  AMENDMENTS TO WARRANT.  The parties hereto agree as follows,
effective as of the date hereof:

        (a) All references in the Warrant to Aerobic Creations,  Inc. or ShellCo
are hereby replaced with a reference to Summit Global Logistics.

        (b) Section 1(b) of the Warrant is hereby amended by replacing  "$11.00"
with "$5.50."

        (c)  Section  1(d)(i) of the Warrant is hereby  amended and  restated as
follows:

                                       1
<PAGE>

               "has not  become  effective  by the  Effectiveness  Deadline  (as
               defined in the  Registration  Rights Agreement by and between the
               Company  and  the  Holders  dated  as of  November  8,  2006,  as
               amended)."

         SECTION 2. WAIVER.  Each of the Holder signatory  hereto,  representing
the  Required  Holders,  hereby  waive on their behalf and the behalf all of the
Holders hereby waive any adjustment to the Exercise Price and any Purchase Right
relating to (i) the  amendment of the Notes and  Warrants,  (ii) the issuance of
the New Notes and New Warrants,  and (iii) the issuance of the convertible notes
in  connection  with  the  waiver  and  amendments  to the  registration  rights
agreement  between the Holders  and the Company and to the  registration  rights
agreement  between certain holders of common stock.  This waiver is and shall be
effective solely for the amendments,  waivers and issuances referenced above and
not to any other amendment, waiver or issuance hereafter occurring.

         SECTION 3. MISCELLANEOUS.

         (a) Any  transferee or assignee of the Warrants shall be subject to the
terms  hereof,  and as a condition  to each such  transfer or  assignment,  each
Investor  agrees to require  each of its  transferees  or  assignees to agree in
writing to be subject to the Warrant, as amended by this Amendment.

         (b) The execution,  delivery and  effectiveness of this Amendment shall
not,  except as  expressly  provided  herein,  be deemed to be an  amendment  or
modification of, or operate as a waiver of, any provision of the Warrants or any
right, power or remedy  thereunder,  nor constitute a waiver of any provision of
the Warrants or any other  document,  instrument  and/or  agreement  executed or
delivered in connection therewith.

         (c) This  Amendment  may be  executed  in any  number  of  counterparts
(including by facsimile),  and by the different parties hereto or thereto on the
same or separate  counterparts,  each of which shall be deemed to be an original
instrument  but  all of  which  together  shall  constitute  one  and  the  same
agreement.  Each  party  agrees  that  it  will be  bound  by its own  facsimile
signature and that it accepts the facsimile  signature of each other party.  The
descriptive  headings of the various sections of this Amendment are inserted for
convenience  of reference  only and shall not be deemed to affect the meaning or
construction  of any of the provisions  hereof or thereof.  Whenever the context
and construction so require, all words herein and in the Warrant in the singular
number  herein shall be deemed to have been used in the plural,  and vice versa,
and the  masculine  gender shall  include the feminine and neuter and the neuter
shall include the masculine and feminine.

         (d)  This  Amendment  and  the  Warrant  may not be  changed,  amended,
restated, waived, supplemented,  discharged,  canceled,  terminated or otherwise
modified  orally or by any  course of  dealing  or in any  manner  other than as
provided in the Warrant. This Amendment shall be considered part of the Warrant.

         (e)  This  Amendment  and the  Warrant  constitute  the  final,  entire
agreement  and  understanding  between the parties  with  respect to the subject
matter  hereof  and  thereof,  may not be  contradicted  by  evidence  of prior,
contemporaneous  or subsequent  oral  agreements  between the parties,  shall be
binding  upon and inure to the  benefit  of the  successors  and  assigns of the

                                       2
<PAGE>

parties  hereto  and  thereto  and  supersede  all other  prior  agreements  and
understandings,  if any,  relating to the subject  matter  hereof.  There are no
unwritten oral agreements between the parties with respect to the subject matter
hereof or thereof.

         (f) The validity of this Amendment,  its  construction,  interpretation
and enforcement, the rights of the parties hereunder, shall be determined under,
governed by, and construed in accordance  with the choice of law  provisions set
forth in the Warrant.

         (g) The  obligations  of each Holder under each Warrant are several and
not joint  with the  obligations  of any other  Holder,  and no Holder  shall be
responsible  in any way for the  performance  of the  obligations  of any  other
Holder under any Warrant.  Nothing  contained  herein or in any Warrant,  and no
action  taken by any  Holder  pursuant  hereto  or  thereto,  shall be deemed to
constitute the Holders as a partnership,  an association, a joint venture or any
other kind of entity,  or create a  presumption  that the Holders are in any way
acting  in  concert  or as a  group  in  respect  of  such  obligations  or  the
transactions  contemplated by the Warrants and the Company acknowledges that the
Holders  are not acting in concert or as a group in respect of such  obligations
or the transactions  contemplated by this Amendment or the Warrants. Each Holder
confirms  that  it has  independently  participated  in the  negotiation  of the
transaction  contemplated  by this Amendment and the Warrants with the advice of
its own counsel and advisors, that it has independently determined to enter into
the transactions  contemplated hereby and thereby, that it is not relying on any
advice  from or  evaluation  by any other  Holder,  and that it is not acting in
concert with any other Holder in making its purchase of Securities  hereunder or
in monitoring its investment in the Company.  The Holders and, to its knowledge,
the Company agree that no action taken by any Holder  pursuant  hereto or to the
Warrants,  shall be  deemed to  constitute  the  Holders  as a  partnership,  an
association,  a joint venture or any other kind of entity or group,  or create a
presumption that the Holders are in any way acting in concert or would deem such
Holders to be members of a "group"  for  purposes  of Section  13(d) of the 1934
Act.  The Holders each confirm that they have not agreed to act together for the
purpose of acquiring,  holding,  voting or disposing of equity securities of the
Company.  The Company has elected to provide all Holders with the same terms and
Amendment for the  convenience of the Company and not because it was required or
requested to do so by any of the  Holders.  The Company  acknowledges  that such
procedure in respect of the Amendment in no way creates a  presumption  that the
Holders are in any way acting in concert or as a "group" for purposes of Section
13(d)  of  the  1934  Act in  respect  of  this  Amendment  or the  transactions
contemplated hereby.  Except as otherwise set forth herein or in the Transaction
Documents (as defined in the Securities Purchase  Agreement),  each Holder shall
be entitled to independently protect and enforce its rights, including,  without
limitation, the rights arising out of this Amendment, or out of the Registration
Rights  Agreement,  its Note,  its  Warrant  and the right of set-off  under the
Guaranties,  and it shall not be necessary  for any other Holder to be joined as
an additional party in any proceeding for such purpose.

                      REMAINDER OF PAGE INTENTIONALLY BLANK

                                       3
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

        IN WITNESS WHEREOF, the parties have caused this Waiver and Amendment to
be executed by their respective  officers  thereunto duly authorized,  as of the
date first written above.

COMPANY:
                                    SUMMIT GLOBAL LOGISTICS, INC.
                                    (formerly known as Aerobic Creations, Inc.)

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       4
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    SILVER OAK CAPITAL, L.L.C.

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       5
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    ALEXANDRA GLOBAL MASTER FUND LTD

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       6

<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    BAY HARBOUR MASTER, LTD.

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       7

<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    BAY HARBOUR 90-1, LTD.

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       8

<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    BHCO MASTER, LTD.

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       9
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    INSTITUTIONAL BENCHMARK

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       10
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    MSS DISTRESSED & OPP. 2

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       11
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    CAMOFI MASTER LDC

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       12
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    CREDIT SUISSE SECURITIES (USA) LLC

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       13
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    DIAMOND OPPORTUNITY FUND, LLC

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       14
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    EVOLUTION MASTER FUND LTD SPC, SEGREGATED
                                    PORTFOLIO M

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       15
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    GOTTBETTER CAPITAL MASTER, LTD.

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       16
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    HARVEST CAPITAL, LP
                                    By:_________________________________________
                                        Name:
                                        Title:

                                       17
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    HARVEST OFFSHORE INVESTORS, LTD.

                                    By:_________________________________________
                                        Name:
                                        Title:

                                       18
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    TE HARVEST PORTFOLIO, LTD.

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       19
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    JMG CAPITAL PARTNERS, LP

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       20
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    JMG TRITON OFFSHORE FUND, LTD

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       21
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    SHOSHONE PARTNERS, L.P.

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       22
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    KNOTT PARTNERS, L.P.

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       23
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    FINDERNE LLC

                                    By:_________________________________________
                                       Name:
                                       Title:

                                       24
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    MULSANNE PARTNERS, L.P.

                                    By:
                                       ----------------------------------------
                                        Name:
                                        Title:

                                       25
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    MATTERHORN OFFSHORE FUND LTD.

                                   By:_________________________________________
                                       Name:
                                       Title:

                                       26
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                   COMMONFUND HEDGED EQUITY COMPANY
                                   By:_________________________________________
                                       Name:
                                       Title:

                                       27
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                    GOOD STEWARD TRADING CO. S.P.C.

                                   By:_________________________________________
                                       Name:
                                       Title:

                                       28
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                   RADCLIFFE SPC, LTD. FOR AND ON BEHALF OF THE
                                   CLASS A SEGREGATED PORTFOLIO

                                   By:_________________________________________
                                       Name:
                                       Title:

                                       29
<PAGE>

                                 Signature Page to Waiver and Amendment No. 1 to
                                 Warrant

HOLDERS:
                                WOLVERINE CONVERTIBLE ARBITRAGE TRADING, LIMITED

                                   By:_________________________________________
                                       Name:
                                       Title:

                                       30

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