EX-10.4 7 dlr-ex1004.txt AMENDMENT TO ASSET PURCHASE AGREEMENT, DATED AS OF MAY 3, 2006 EXHIBIT 10.4 Amendment to Schedule B of the Asset Purchase Agreement ------------------------------------------------------- Between ------- Silver Mountain Financial, LLC AND DLR Funding, Inc. ---------------------------------------------------- This Amendment replaces the original Schedule B from the Asset Purchase Agreement dated March 9, 2006 in its entirety. EXHIBIT B: PAYMENT TERMS -Amendment On the Closing Date, Purchaser shall deliver to Seller the following: --------------------------------------------------------------------- In exchange for all the assets of Seller, Purchaser will deliver the equivalent of Seven Million, Four Hundred Nine Thousand, Two Hundred Sixty Four dollars ($7,409,264) worth of Common shares of DLR Funding Inc. of which will be paid as follows: Common stock, in the amount of Three Million, Seven Hundred Four Thousand, Six Hundred Thirty Two (3,704,632) shares, convertible to Preferred Stock, Class B-15 in the equivalent dollar value of $2 per Preferred share to $1 per Common share, all shares subject to Rule 144. The parties to this Amendment have caused this Agreement to be executed and delivered as of May 3, 2006. SELLER PURCHASER Silver Mountain Funding, LLC DLR Funding, Inc. By: /s/ Virginia Brinkman By: /s/ Albert Reda ----------------- --------------- Print Name: Virginia Brinkman, Manager Print Name: Albert Reda, CEO By: /s/ Thomas Anderson ------------------- By: Thomas Anderson, Manager By: /s/ Rick Anderson ----------------- By: Rick Anderson, Manager