EX-10 15 exh111.txt AMEND #1 TO SECURITY AGREEMENT - ANDRE SECURITY AGREEMENT AMENDMENT #1 This Security Agreement Amendment #1 is entered into as of this 15th day of April 2004 by and between Aptus Corp., a Delaware corporation ("Aptus") and Mark Andre ("Andre"). Aptus and Andre are referred to collectively herein as the "Parties". WHEREAS, the Parties have entered into a Security Agreement on January 23, 2004; and WHEREAS, the Parties desire to amend Section 2. Indebtedness; and WHEREAS, Section 2. shall be replaced in its entirety as follows: 2. The Indebtedness For the purpose of this Agreement, "Indebtedness means all obligation and liability of Aptus to Andre, whether now existing or hereafter incurred or created, whether voluntary or involuntary, whether due or not due, whether absolute or contingent, whether incurred directly or acquired by Andre by assignment or otherwise, under that certain Distribution Agreement, of even date, between Andre and Aptus and is secured by the collateral. IN WITNESS WHEREOF, the Parties hereto have executed the Security Agreement Amendment #1 on as of the date first above written. Aptus Corp: Aptus Corp. By: /s/ John P. Gorst Name: John P. Gorst Title: President Andre: /s/ Mark Andre Mark Andre