EX-10.13 4 doc3.txt Exhibit 10.13 AMENDMENT NO. 1 TO THE SUBSCRIPTION AGREEMENT DATED APRIL 25, 2002 (THE "SUBSCRIPTION AGREEMENT") BETWEEN DIVERSIFIED PRODUCT INSPECTIONS, INC., A FLORIDA CORPORATION, (THE "COMPANY"), AND THE UNDERSIGNED DEBENTURE PURCHASER, SOFCON LIMITED. The undersigned parties hereby agree to remove the following language from section 1 (c) of the Subscription Agreement: "As further conditions to the funding of the second tranche in the amount of $100,000 it will only be funded if, during the 20 trading days prior to funding, (i) the closing bid price has not been less than $0.25, (ii) the daily average dollar trading volume (trading volume x closing bid price by number of trading days) has not been less than $20,000 and (iii) the number of shares of Common Stock being registered is not less than 200% of the number of shares required to effect a conversion of the totaling $300,000 Debentures, taking into account the number of Warrants issued and accrued but unpaid interest and liquidated damages, if any." Dated: June 3, 2002 DIVERSIFIED PRODUCT INSPECTIONS, INC. BY: /s/ John Van Zyll __________________ John Van Zyll SOFCON LIMITED BY: /s/ Jan Telander ______________ Jan Telander