Document:

Exhibit
10.12

FIRST AMENDMENT

by and between

FP TECHNOLOGY, INC. and

TRIDENT GROWTH FUND, L.P.

This
First Amendment (this “First Amendment”) is entered into as of September
13, 2006 by and between FP TECHNOLOGY, INC., a Delaware corporation (the “Company”)
and TRIDENT GROWTH FUND, L.P., a Delaware limited partnership, (“Trident”),
and amends the 12% Senior Secured Convertible Debenture No. 1, dated September
13, 2005, and references the following agreements between the Company and
Trident, each as amended by that certain Master Amendment dated March 29, 2006
(the “Master Amendment”) (collectively, as amended by the Master
Amendment, the “Transaction Documents”):

(i)                                     Securities
Purchase Agreement, dated September 13, 2005, as amended by that First
Amendment dated November 15, 2005 (as so amended and as amended by the Master
Amendment, the “SPA”);

(ii)                                  (a)
12% Senior Secured Convertible Debenture No. 1, dated September 13, 2005, in
the initial principal amount of $2,000,000 (as amended by the Master Amendment,
the “First Debenture”), and (b) 12% Senior Secured Convertible Debenture
No. 2, dated November 15, 2005, in the initial principal amount of $500,000 (as
amended by the Master Amendment, the “Second Debenture” and together
with the First Debenture, the “Debentures”);

(iii)                               (a)
Common Stock Purchase Warrant No. 1, dated September 13, 2005, and (b) Common
Stock Purchase Warrant No. 2, dated November 15, 2005 (as amended by the Master
Amendment, the “Warrants”); and

(iv)                              Security
Agreement, dated September 13, 2005 (as amended by the Master Amendment, the “Security
Agreement”).

RECITALS

A.            The Company merged with AFG
Enterprises USA, Inc. (“AFG”) on June 29, 2006, pursuant to an Agreement and
Plan of Merger by and between AFG and the Company by which the Company was the
surviving entity (the “Reorganization”), and (ii) the Company assumed
the rights, liabilities and obligations of the Transaction Documents.

B.            On August 18, 2006, the Company paid
the principal amount of $500,000 on the Second Debenture, and the accrued
interest thereon on August 31, 2006.

C.            The parties desire to amend the
terms of the First Debenture to modify its provisions as provided herein, and
to enter into such other agreements as are set forth herein.

  
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AGREEMENT

In consideration of the foregoing premises, the mutual covenants and
agreements set forth herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereby
agree as follows:

1.     Definitions.  Any capitalized terms used but not otherwise
defined herein shall have the meaning ascribed to such terms in the First
Debenture.

2.     Amendment of First Debenture.

(a)           The Company hereby acknowledges its
assumption and primary responsibility to repay the First Debenture, and all
references to the Company in the Debentures shall be amended to mean the
Company.  The Company hereby represents
and warrants to Trident that the repayment of the First Debenture on the terms
provided herein would not violate any terms or conditions of any other
agreement of the Company, except to the extent such repayment would be limited
or prohibited by (i) the default provisions of the Indenture executed by AFG in
connection with its $50,000,00 CAP Financing (as such term is defined in the
Master Amendment) concluded on March 29, 2006 or (ii) the terms and conditions
of the Subordination Agreement, dated March 29, 2006, by and between AFG and
Trident in connection with such $50,000,000 CAP Financing.

(b)           The term “Maturity Date” in the First
Debenture shall be amended to mean the earlier of (a) August 31, 2008; or (b)
the consummation of a Change of Control Transaction; or (c) upon the closing of
an equity or debt/equity financing wherein the Company receives gross proceeds
equal to at least $5,000,000 from the sale of Common Stock or Common Stock
Equivalents issued by the Company to unaffiliated third parties.

(c)           Payment of principal on the First
Debenture shall be made as follows:

(i)   Beginning
on September 30, 2006 and continuing through July 31, 2008, equal monthly installments
of $83,333.33.

(ii)   On
August 31, 2008, a final payment equal to $83,333.41.

(d)                                 Interest
shall accrue and be payable with each principal payment on the First Debenture
at the rate of 12% per annum (360 days per annum).

3.     Cancellation of Second Debenture.  The Second Debenture is hereby paid in full
and cancelled.

4.     Assumption of Obligations.  The Company hereby assumes the obligations of
AFG under the Transaction Documents, and all references to the Company in the
Transaction Documents shall be amended to mean the Company.

5.     Effect of Amendments.  Except as expressly provided in this First Amendment,
each of the Transaction Documents shall remain unchanged and shall continue in
full force and effect.

6.     Counterparts.  This Amendment may be signed by the parties
in counterparts, which 

  
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together shall
constitute one and the same agreement among the parties.

IN WITNESS WHEREOF, the parties hereto have
caused this First Amendment to be executed in counterparts by their duly authorized
officers, all as of the day and year first above written.

	
  

  	
   

  	
  TRIDENT GROWTH FUND, L.P.

  
	
  FP TECHNOLOGY,
  INC.

  	
   

  	
  Trident
  Management, LLC, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Stephen
  Peary

  	
   

  	
  By:

  	
  /s/Larry Sr.
  Martin

  
	
  Name:

  	
  Stephen Peary

  	
   

  	
  Name:

  	
  Larry Sr. Martin

  
	
  Title:

  	
  CFO

  	
   

  	
  Title:

  	
   Principal

  
									

 

  
 3Exhibit 10.20

 

NON-EXCLUSIVE PATENT LICENSE
AGREEMENT

This Non-Exclusive Patent License Agreement (“this
Agreement”), made and entered into this 28th day of March, 2006 (the “Effective Date”), by
and between Orion IP, LLC (“Licensor”), a limited liability company organized
under the laws of the state of Delaware, and FP Technology Holdings, Inc., a
Delaware corporation (“Licensee”) (each a “Party” and collectively the “Parties”).

W I T N E S S E T H:

WHEREAS, Licensor as of the
Effective Date is the owner of certain patents and patent applications
(collectively the “Patents”); and

WHEREAS, Licensor wishes to
grant unto Licensee, and Licensee wishes to accept a non-exclusive license
under the Patents as specified in this Agreement;

NOW, THEREFORE, in consideration
of the mutual covenants and agreements of the Parties contained herein, and for
other good and valuable consideration the receipt and sufficiency of which are
hereby acknowledged, it is hereby agreed as follows:

1.             Non-Exclusive
License of Patents.  Licensor
hereby grants to Licensee, for the Term (as defined in Section 9.1 of this
Agreement) (except to the extent terminated earlier pursuant to other
provisions of this Agreement), a non-exclusive, royalty free, worldwide, non
transferable (except as otherwise provided in Section 10.1 of this Agreement),
non-exclusive right and license under the Patents, without the right to
sublicense, solely to make, use, sell, offer for sale, and import Licensee’s
products and services, but solely in connection with Licensee’s own business
activities as of the date hereof, and for no other purpose. The license set
forth above only extends to methods practiced by Licensee and to the software
of Licensee that is designed, built and sold by Licensee as its own product,
under a brand name owned by Licensee, without any co-branding and does not
extend to any third party.

2.             No
Implied Licenses.  Except as
expressly set forth in this Agreement, Licensee has, and shall have, no other
rights in the Patents, or any rights in any other intellectual property of
Licensor. No rights or licenses are granted under any Patents except as
expressly provided herein, whether by implication, estoppel or otherwise.
Without limiting the foregoing sentence no right to grant sublicenses is granted
under the licenses set forth this Agreement (including to any third party).

3.             Markings.  Licensee agrees to mark all products
utilizing any of the Patents with appropriate patent numbers as specified from
time-to-time by Licensor.

4.             Prosecution
and Maintenance.  Licensor shall
have the sole right (but not the obligation), at its expense, to prepare, file,
prosecute and maintain the Patents. Licensee shall have no right to prepare,
file, prosecute or maintain the Patents.

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5.             Licensing
/ Enforcement.  Licensor shall
have the sole right (but not the obligation), at its expense, to license and/or
enforce the Patents. Licensee agrees to reasonably cooperate with Licensor,
when so requested by Licensor, in connection with any such enforcement actions,
all at Licensee’s expense. Licensee shall have no right to license or enforce
the Patents.

6.             Representations
and Warranties of Licensor. 
Licensor represents and warrants to Licensee as follows:

6.1          Corporate Organization.  Licensor is a limited liability company duly
organized, validly existing and in good standing under the laws of the State of
Delaware.

6.2          Authorization.  Licensor has full power and authority to
enter into this Agreement and to grant the license contemplated hereby.  The execution and delivery of this Agreement
and the consummation of the transactions contemplated hereby have been duly
authorized by all necessary corporate actions on the part of Licensor. This
Agreement constitutes a legal, valid and binding obligations of Licensor, enforceable
in accordance with its terms.

6.3          Approvals.  No consent, approval, order or authorization
of, or registration, declaration or filing with, any governmental or regulatory
authority or third party is required in connection with the execution or delivery
of this Agreement or the consummation of the transactions contemplated hereby.

7.             Representations
and Warranties of Licensee. 
Licensee represents and warrants to Licensor as follows:

7.1          Corporate Organization.  Licensee is a corporation duly organized,
validly existing and in good standing under the laws of the State of Delaware.

7.2          Authorization.  Licensee has full power and authority to
enter into this Agreement and to carry out the transactions contemplated
hereby. The execution and delivery of this Agreement and the consummation of
the transactions contemplated hereby have been duly authorized by all necessary
corporate actions on the part of Licensee. This Agreement constitutes a legal,
valid and binding obligation of Licensee, enforceable in accordance with its
terms.

7.3          Approvals.  No consent, approval, order or authorization
of, or registration, declaration or filing with, any governmental or regulatory
authority or third party is required in connection with the execution or
delivery of this Agreement or the consummation of the transactions contemplated
hereby.

7.4          Use of License.  Licensee, in connection with its utilization
of the license granted hereunder, will not violate any statute, law, rule or
regulation, or any third party intellectual property or other rights.

8.             Disclaimer
of Warranties; Limitation of Liability; Indemnification

8.1          Disclaimer of Warranties.  EXCEPT AS EXPRESSLY SET FORTH IN THIS
AGREEMENT, NEITHER PARTY MAKES ANY REPRESENTATION OR

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WARRANTY TO THE OTHER PARTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF VALIDITY, NON­INFRINGEMENT,
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

8.2          Limitation of Liability.  NEITHER PARTY WILL BE LIABLE TO THE OTHER
PARTY FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL, INDIRECT OR PUNITIVE DAMAGES
ARISING OUT OF OR RELATED TO THIS AGREEMENT, HOWEVER CAUSED, UNDER ANY THEORY
OF LIABILITY, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
DAMAGES.

8.3          Indemnification.  Licensee shall indemnify, defend and hold
Licensor harmless, from and against, any losses, claims, damages, liabilities,
costs and expenses to the extent such losses, claims, damages, liabilities,
costs and expenses relate to, arise out of or are attributable to Licensee’s
use of the rights licensed hereunder or this Agreement, subject to the
Limitation of Liability provisions set forth in Section 8.2 of this Agreement.

9.             Termination.

9.1          Term.  This Agreement will commence on the Effective
Date and continue with respect to each Patent until such patent is no longer in
force, unless otherwise terminated pursuant to Section 9.2 of this Agreement,
or pursuant to Section 10.1 of this Agreement.

9.2          Termination.  Licensor shall have the right to terminate
this Agreement if Licensor determines that Licensee has materially breached any
provision contained in this Agreement or any other written and executed
agreement between the parties (including the Letter Agreement of even date
herewith to which Licensee and Licensor are parties (the “Letter Agreement”))
and such breach is not cured within the earlier of ten (10) days following (i)
delivery by Licensor to Licensee of written notice of any such breach and (ii)
Licensee becoming aware (whether or not notified by Licensor) of any such breach
(it being understood that Licensee is obligated to immediately advise Licensor
in writing of any material breach of this Agreement or the Letter Agreement).
Immediately upon any such termination, all license rights granted to Licensee
pursuant to Section 1 of this Agreement shall be terminated, and Licensee shall
have no further rights in and to the Patents.

10.          General
Provisions.

10.1        Assignment.  Neither
this Agreement nor any right or obligation hereunder may be assigned or
delegated, in whole or part, directly or indirectly, by Licensee without the
prior express written consent of Licensor, at Licensor’s sole discretion. For
purposes of this Agreement (and without limiting the foregoing) any material
change in the ownership, executive management, board of directors or control of
Licensee or Licensee’s parent corporation or corporations or other owner
(directly or indirectly), shall be deemed to constitute an assignment. Any
assignment by Licensor shall be void, be deemed a material breach of this Agreement
and result in the immediate termination of this Agreement.       This Agreement, and any right or
obligation hereunder, shall be freely assignable by Licensor.

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10.2        Notices.  All notices and other communications
hereunder shall be in writing and shall be deemed given if delivered personally
or mailed by registered or certified mail (return receipt requested) to the
parties at the following addresses (or at such other address for a party as
shall be specified by like notice):

	
  If to the Licensor at:

  Orion IP, LLC

  207 C North Washington Avenue 

  Marshall, Texas 75670 

  Attention:              Managing
  Member

  Fax:                         903-938-7404

  	
  If to Licensee at:

  FP Technology Holdings, Inc. 

  11 Civic Plaza Drive 

  Mankato, MN

  Attention:              C.E.O.

  Fax:         (507) 388 0405

  

 

10.3        Miscellaneous.  This Agreement embodies the entire
understanding of the parties with respect to the subject matter hereof, and
merges all prior agreements, discussions or contemporaneous agreements and
understandings, both written and oral, among or between them, and neither of
the parties shall be bound by any conditions, definitions, warranties,
understandings, or representations with respect to the subject matter hereof
other than as expressly provided herein and as provided in the Letter
Agreement. No oral explanation or oral information by either party hereto shall
alter the meaning or interpretation of this Agreement. This Agreement shall be
governed by the laws of the State of Texas without reference or regard to any
choice of law provisions and this Agreement may only be amended in writing.
This Agreement may be executed in two or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the
same agreement. The parties agree (a) to exclusively request that all disputes
and litigation relating to this Agreement and/or matters connected with its
performance be subject to the exclusive jurisdiction of the federal and state
courts located in the State of Texas, Harrison County and (b) to exclusively
submit any disputes, matters of interpretation, or enforcement actions arising
with respect to the subject matter of this Agreement exclusively to these
courts. The Parties hereby waive any challenge to the jurisdiction or venue of
these courts over these matters.

10.4        Headings.  The headings of the articles and sections of
this Agreement are inserted for convenience only and shall not constitute a
part hereof.

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

 

	
   

  	
  FP TECHNOLOGY HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William
  Santo

  
	
   

  	
   

  	
  Name:

  	
  William Santo

  
	
   

  	
   

  	
  Title: CEO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ORION
  IP, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Erich
  Spangenberg

  
	
   

  	
   

  	
  Name: Erich
  Spangenberg

  
	
   

  	
   

  	
  Title: Managing
  Member

  
						

 

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