EXHIBIT - 99.3
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AMENDMENT TO ASSET PURCHASE AND ASSIGNMENT AGREEMENT (#3)

Dated this 11th day of July, 2006

Between

     SYNTEC BIOFUEL INC ("Vendor")

And

     NETCO INVESTMENTS INC. ("Purchaser")

Vendor and Purchaser jointly referred to as the "Parties"


WHEREAS the Parties entered into an Asset Purchase and Assignment Agreement
April 7th, 2006 (the "Agreement") and an Amended Asset Purchase and Assignment
Agreement dated May 30th, 2006 and a further Amended Asset Purchase and
Assignment Agreement dated June 21st, 2006.

WHEREAS the parties wish to further amend the aforesaid agreement as contained
herein to be known as 'Amended Asset Purchase and Assignment Agreement (#3)'

NOW THEREFORE for valuable consideration given and received and by their mutual
covenants the parties agree as follows;

Clause 1.1 (h) add the following at the end of the paragraph
      'all work performed developing a new catalyst using non-precious metals
      and not yet patented; and '

Clause 2.1 A. (i) add the following at the end of the paragraph
      'and/or work in progress up to closing date on perfecting a catalyst to
      convert syngas into ethanol using materials other than precious metals;

Clause 3 - add the following as paragraph 4
      'The sale of shares issued to Vendor and/or their shareholders will be
      subject to the SEC and NASDAQ rules and regulations'

Clause 4 - add new paragraph (n)
      'Vendor warrants that Lawrence Wong will provide his services for 1 year
      to Purchaser on a consulting basis. In event Lawrence fails and or refuses
      to provide Consulting services at a reasonable hourly fee, Syntec has
      agreed to forfeit 4 million NetCo shares. In event Syntec has distributed
      these shares to the shareholders of Syntec, Vendor warrants that Lawrence
      will forfeit his shares in NetCo.'



Clause 6.1 (c) - Delete this paragraph and substitute the following
     'Purchaser will on closing instruct their Transfer Agents to issue
     15,700,000 common shares in the capital stock of Purchaser to the Vendor.
     However issuance of the shares will only take place after the Purchaser has
     effected a 2:1 forward split of the 8,550,000 currently issued and
     outstanding shares. The shares once issued to Vendor will then be held in
     trust or in escrow (at Purchaser's option) by Purchaser's solicitors and
     will be released to Vendor as soon as the subject clause in 6.1 (d) has
     been removed.

Clause 6.1 (d) add the following at the end of the paragraph
      'In the event Purchaser fails to raise the 1st $500,000 via a Private
      Placement within 60 days of close or gives notice to Vendor prior to the
      60 days that they will be unable to raise the 1st $500,000, Purchaser will
      be in default of the Agreement and Purchaser will transfer back to Vendor
      all the Assets purchased under the Agreement including the Vendor Patent
      Application and the Vendor Inventions and Vendor will re-assume the debts
      that Purchaser had assumed from Vendor on the closing of the Agreement
      including all promissory notes originally executed by Vendor to lenders.
      This conditions will survive the closing of this transaction'

Clause 6.1 (f) add the following at the end of the paragraph
      'However, the shares will be held in trust or escrow as set out in
      paragraph 6.1 (c) as amended above.'

Clause 7.1 (c) add the following in line 2 after the date
      'May 14th 2006' 'or such adjourned date of the AGM'

Clause  7.2  (b)  add  the following at the end of the paragraph before the word
      'and' 'which will be subject to re-assumption by Vendor in event Purchaser
      defaults in terms of paragraph 6.1 (d) as amended above

Clause  7.2  (c)  delete in line 5 the number "7" and replace it with the number
      "21"


Clause 7.2 (c) add the following at the end of the paragraph
      'Vendor further acknowledges that the Share Certificate will be held in
      trust or escrow as more fully described in paragraph 6.1 (c) as amended
      above.

Clause 15 (b) change the address for Notice to
      'addressStreet#206 -388 Drake Street, Vancouver. B.C. V6B 2A8.'




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Syntec Biofuel Inc                         Purchaser Investments Inc.