<SEC-DOCUMENT>0001144204-12-038440.txt : 20120706
<SEC-HEADER>0001144204-12-038440.hdr.sgml : 20120706
<ACCEPTANCE-DATETIME>20120706160827
ACCESSION NUMBER:		0001144204-12-038440
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120607
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120706
DATE AS OF CHANGE:		20120706

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Black Diamond, Inc.
		CENTRAL INDEX KEY:			0000913277
		STANDARD INDUSTRIAL CLASSIFICATION:	 [3949]
		IRS NUMBER:				581972600
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34767
		FILM NUMBER:		12950765

	BUSINESS ADDRESS:	
		STREET 1:		2084 EAST 3900 SOUTH
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84124
		BUSINESS PHONE:		801-278-5552

	MAIL ADDRESS:	
		STREET 1:		2084 EAST 3900 SOUTH
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84124

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CLARUS CORP
		DATE OF NAME CHANGE:	19980911

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SQL FINANCIALS INTERNATIONAL INC /DE/
		DATE OF NAME CHANGE:	19980911
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>v317804_8ka.htm
<DESCRIPTION>AMENDED 8-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>United States</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities and Exchange Commission</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K/A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Amendment No. 1)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Current Report</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
<U>June 7, 2012</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Black Diamond, Inc.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
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    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Delaware</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">of incorporation)</P></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>0-24277 </U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Commission File Number)</P></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>58-1972600</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(IRS Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification Number)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
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    <TD STYLE="width: 60%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>2084 East 3900 South, Salt Lake City,
        Utah</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Address of principal
        executive offices)</P></TD>
    <TD STYLE="width: 40%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>84124</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Zip Code)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code: <U>(801) 278-5552</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>N/A</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="font-size: 10pt"><B></B></TD>
    <TD STYLE="font-size: 10pt"><B></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-top: 6pt; padding-left: 20pt; font-size: 10pt">&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 92%; padding-top: 6pt; padding-bottom: 6pt; font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt"><B></B></TD>
    <TD STYLE="font-size: 10pt"><B></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-left: 20pt; font-size: 10pt">&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt; font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt"><B></B></TD>
    <TD STYLE="font-size: 10pt"><B></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-left: 20pt; font-size: 10pt">&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt; font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt"><B></B></TD>
    <TD STYLE="font-size: 10pt"><B></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-left: 20pt; font-size: 10pt">&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-bottom: 6pt; font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01 Entry into a Material Definitive Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 2, 2012, Black Diamond, Inc. (the
&ldquo;Company&rdquo; or &ldquo;Black Diamond&rdquo;) entered into an amendment (the &ldquo;Amendment&rdquo;) to the Share Transfer
Agreement (the &ldquo;Agreement&rdquo;) dated as of June 7, 2012, by and among Black Diamond, Ember Scandinavia AB, a Swedish corporation
and wholly owned subsidiary of Black Diamond, and the shareholders of POC Sweden AB (&ldquo;POC&rdquo;), a Stockholm-based developer
and manufacturer of protective gear for action sports athletes. The Company filed a Current Report on Form 8-K with the Securities
and Exchange Commission on June 13, 2012 describing the entry into the Agreement. Under the Amendment, the parties have agreed
to amend the Agreement to provide that the 460,065 shares of Black Diamond common stock to be issued to the shareholders of POC
will not be registered under the Securities Act of 1933, as amended, based on available exemptions from registration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The foregoing description of the Amendment
does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is included as Exhibit 10.2
to this Current Report on Form 8-K and is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01 Financial Statements and Exhibits </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD STYLE="width: 48px; font-size: 10pt; font-weight: bold">(d)</TD>
    <TD STYLE="font-size: 10pt">Exhibits. The following Exhibits are filed herewith as a part of this Current Report on Form 8-K Report:</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><B></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; font-size: 10pt; font-weight: bold; text-decoration: underline; text-align: justify">Exhibit</TD>
    <TD STYLE="width: 92%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Description</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">10.1</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Share Transfer Agreement, dated as of
        June         7, 2012, by and among Black Diamond, Inc., Ember Scandinavia AB, and the shareholders of POC Sweden AB (filed as
        Exhibit 10.1 to         the Company&rsquo;s Current Report on Form 8-K, filed with the Commission on June 13, 2012 and
        incorporated herein by reference).</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify">10.2</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">Amendment, dated July 2, 2012, to Share Transfer Agreement, dated as of June
    7,     2012, by and among Black Diamond, Inc., Ember Scandinavia AB, and the shareholders of POC Sweden AB.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated: July 6, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 52%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-weight: bold; text-align: justify">BLACK DIAMOND, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">By: <U>/s/ Robert Peay</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Name: Robert Peay</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Title: Chief Financial Officer, Secretary and
        Treasurer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 17%; font-size: 10pt; font-weight: bold; text-decoration: underline; text-align: justify">Exhibit</TD>
    <TD STYLE="width: 83%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Description</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: justify">10.2</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">Amendment, dated July 2, 2012, to Share Transfer Agreement, dated as of June
    7,     2012, by and among Black Diamond, Inc., Ember Scandinavia AB, and the shareholders of POC Sweden AB.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>



<P STYLE="margin: 0"></P>

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<TYPE>EX-10.2
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<FILENAME>v317804_ex10-2.htm
<DESCRIPTION>EX-10.2
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right">Exhibit 10.2</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Amendment
to Share Transfer Agreement</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">This <FONT STYLE="font-variant: small-caps">Amendment</FONT>,
dated the 2 day of July, 2012 (the &ldquo;<B>Amendment</B>&rdquo;), to the <FONT STYLE="font-variant: small-caps">Share Transfer
Agreement</FONT>, dated as of the 7<SUP>th</SUP> day of June, 2012 (the &ldquo;<B><I>Agreement</I></B>&rdquo;), is made and entered
into between the shareholders specified in Appendix 1.1. to the Agreement of <FONT STYLE="font-variant: small-caps">POC Sweden
AB, </FONT><FONT STYLE="color: black">reg. no.</FONT><FONT STYLE="font-variant: small-caps"> 556665-5352, </FONT>a Swedish corporation
(the &ldquo;<B>Company</B>&rdquo;), <FONT STYLE="font-variant: small-caps; color: black">Ember Scandinavia AB</FONT>, reg. no.
556891-5580, a Swedish corporation (&ldquo;<B><I>Purchaser</I></B>&rdquo;) and wholly owned subsidiary of <FONT STYLE="font-variant: small-caps">Black
Diamond, Inc.</FONT>, a Delaware corporation (&ldquo;<B><I>Black Diamond</I></B>&rdquo;). Unless otherwise defined herein, all
capitalized terms used in this Amendment shall have the meaning ascribed to such terms in the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><U>Recital</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><U>&nbsp;</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-variant: small-caps">Whereas</FONT>,
the Agreement previously provided that the shares of common stock, $0.0001 par value, of Black Diamond (the &ldquo;<B>Black Diamond
Common Stock</B>&rdquo;) comprising the Purchaser Payment Shares to be issued to the Sellers were to be registered under the Registration
Statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-variant: small-caps">Whereas</FONT>,
the Parties have agreed to amend the Agreement to provide that the shares of Black Diamond Common Stock comprising the Purchaser
Payment Shares to be issued to the Sellers not be registered under the Registration Statement or the Securities Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-variant: small-caps">Whereas</FONT>,
each of the Sellers acknowledges that if the shares of Black Diamond Common Stock comprising the Purchaser Payment Shares are not
registered under the Registration Statement or the Securities Act, then such shares cannot be resold by the Sellers without registration
under the Securities Act or an available exemption therefrom; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-variant: small-caps">Whereas</FONT>,
the Parties desire to amend the Agreement subject to the terms hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-variant: small-caps">Now,
Therefore</FONT>, in consideration of the mutual promises contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto amend the
Agreement as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><U>Terms
of Amendment</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><U>&nbsp;</U></FONT></P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-variant: small-caps">Section
1</FONT>.&#9;<U>Amendment to Section 5.8 of the Agreement (Purchaser Payment Shares)</U>. <U>Section 5.8</U> of the Agreement is
hereby amended and restated in its entirety as follows:</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">5.8</TD><TD STYLE="text-align: justify"><B>Purchaser Payment Shares</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.8.1</TD><TD STYLE="text-align: justify">When issued, the Purchaser Payment Shares shall be duly authorized, validly issued, fully paid
and non-assessable and free and clear of any liens, other than liens created by Sellers.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">                                                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.8.2</TD><TD STYLE="text-align: justify">The offer and sale of the shares of Black Diamond Common Stock comprising the Purchaser Payment
Shares to the Sellers is being made as a private placement in reliance on exemptions from the registration requirements of United
States federal and state securities laws under Section 4(2) and/or Section 4(6) of the Securities Act, and under Regulation S and/or
Regulation D, each as promulgated under the Securities Act.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.8.3</TD><TD STYLE="text-align: justify">Each Seller receiving Purchaser Payment Shares acknowledges and recognizes, and covenants and agrees
with the Purchaser and Black Diamond that they are acquiring the Purchaser Payment Shares for their own respective account and
each of such Sellers acknowledges, covenants and agrees that the shares of Black Diamond Common Stock comprising the Purchaser
Payment Shares have not been registered under the Securities Act, or registered or qualified for sale under any state &ldquo;blue
sky&rdquo; laws (as such term is understood in the US capital markets) or any foreign securities laws, and such Seller will not
sell, transfer, or otherwise dispose of any of the Purchaser Payment Shares or any interest therein, except pursuant registration
under the Securities Act or an applicable exemption therefrom, and applicable state &ldquo;blue sky&rdquo; laws or any foreign
securities laws, or in a transaction which in the opinion of counsel reasonably acceptable to Black Diamond is exempt therefrom,
but subject in any case to the terms of the Lock-Up Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">                                                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.8.4</TD><TD STYLE="text-align: justify">Each of the Sellers is either: (i) an &ldquo;accredited investor&rdquo; as such term is defined
in the rules promulgated under the Securities Act; or (ii) not a &ldquo;U.S. person&rdquo; as such term is defined in the rules
promulgated under the Securities Act and at the time of the origination of contact concerning the Agreement and the date of the
execution and delivery of the Agreement, such Seller was outside of the United States. Each of the Sellers hereby covenants and
agrees it has not and will not offer, sell, pledge, or otherwise transfer the Purchaser Payment Shares or engage in any short selling
of or any hedging transaction with respect to the Purchaser Payment Shares, including without limitation, any put, call or other
option transaction, option writing or equity swap, in the United States, or to a &ldquo;U.S. person&rdquo; for the account or benefit
of a &ldquo;U.S. person&rdquo;, or otherwise in a manner that is not in compliance with the Securities Act or any state &ldquo;blue
sky laws&rdquo;, it being understood that Rule 144 under the Securities Act is available to the Sellers as a mechanism to sell
the Purchaser Payment Shares without registration under the Securities Act, but subject to the terms of such Rule 144 and the Lock-Up.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">                                                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.8.5</TD><TD STYLE="text-align: justify">Each of such Sellers further acknowledges that such Seller has the knowledge and experience in
financial and business matters as to be capable of evaluating the merits and risk of an investment in the Purchaser Payment Shares
and confirms, covenants and agrees that such Seller has obtained, in its judgment, sufficient information from the Purchaser/Black
Diamond to evaluate the merits and risks of an investment in the Purchaser Payment Shares. Each of such Sellers acknowledges and
agrees that it has been provided the opportunity to obtain information and documents concerning Black Diamond and the Purchaser
Payment Shares, and has been given the opportunity to ask questions of, and receive answers from, Black Diamond directors and officers
concerning Black Diamond and the Purchaser Payment Shares and other matters related to this investment. Each of such Sellers acknowledges
and agrees that it is aware of the risks inherent in an investment in Black Diamond and specifically the risks of an investment
in the Purchaser Payment Shares. In addition, each of such Sellers is aware and acknowledges that there can be no assurance of
the future viability or profitability of Black Diamond, nor can there be any assurance relating to the current or future price
or value of the Purchaser Payment Shares, or market conditions generally. Each of the Sellers hereby covenants and agrees to promptly
notify Black Diamond/Purchaser of any planned sale of Purchaser Payment Shares and that all such sales will &ndash; as set out
in the Lock-Up Agreement &ndash; be subject to the prior written approval of Black Diamond during a certain time but after that
time Black Diamond&rsquo;s approval would however not be required but instead such Sellers agree and covenant to notify Black Diamond
reasonably in advance of the planned sale and such Sellers also agree and covenant to on a reasonable basis consult and cooperate
with Black Diamond, in order to maintain an orderly trading market for Black Diamond&rsquo;s shares. Each of such Sellers further
covenants and agrees to comply with the Securities Act, the Exchange Act, and any other applicable law in connection with any such
sales.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.8.6</TD><TD STYLE="text-align: justify">Each of the Sellers understands and acknowledges that: (a) the shares of Black Diamond Common Stock
comprising the Purchaser Payment Shares have not been registered under the Securities Act; (b) the representations and warranties
contained in <U>Sections 5.8.3, 5.8.4 and 5.8.5</U> (the &ldquo;<B><I>Investor Representations</I></B>&rdquo;) are being relied
upon by Black Diamond as a basis for exemption of the sale of the shares of Black Diamond Common Stock comprising the Purchaser
Payment Shares under the Securities Act; (c) the offering of the shares of Black Diamond Common Stock comprising the Purchaser
Payment Shares pursuant to this Agreement when issued will not be registered under the Securities Act on the ground that the sale
provided for in this Agreement and the issuance of securities hereunder is exempt from the registration requirements of the Securities
Act; and (d) no U.S. or foreign agency has made any finding or determination as to the fairness of the terms of the sale of the
shares of Black Diamond Common Stock comprising the Purchaser Payment Shares or any recommendation or endorsement thereof. If any
of the representations made by any Seller in connection with its acquisition of the shares of Black Diamond Common Stock comprising
the Purchaser Payment Shares are no longer accurate prior to the Completion Date, the Sellers will promptly notify the Purchaser.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">                                                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.8.7</TD><TD STYLE="text-align: justify">The Purchaser Payment Shares shall be subject to lock-up restrictions during a certain period as
set forth in the Lock-Up Agreement (the &ldquo;<B><I>Lock-Up</I></B>&rdquo;).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">                                                                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.8.8</TD><TD STYLE="text-align: justify">The share certificates representing the Purchaser Payment Shares shall be subject to certain transfer
restrictions and shall be endorsed with a legend substantially in the form set forth below, as well as any additional legend imposed
or required by applicable securities laws:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify">&ldquo;THIS SECURITY (OR ITS
PREDECESSOR) HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE &ldquo;SECURITIES ACT&rdquo;)
OR THE SECURITIES LAWS OF ANY U.S. STATE OR ANY FOREIGN COUNTRY, NOR IS ANY SUCH REGISTRATION CONTEMPLATED. THIS SECURITY AND ANY
SECURITY ISSUABLE UPON CONVERSION HEREOF MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION
OR AN APPLICABLE EXEMPTION THEREFROM, INCLUDING BUT NOT LIMITED TO REGULATION S AND/OR REGULATION D. HEDGING TRANSACTIONS MAY NOT
BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.65pt; text-align: justify; text-indent: 0in">THE
TRANSFER OF THE SECURITIES EVIDENCED HEREBY IS RESTRICTED BY THE TERMS OF A LOCK-UP AGREEMENT DATED JULY 2, 2012, BETWEEN THE REGISTERED
HOLDER HEREOF AND THE ISSUER HEREOF. A COPY OF THE LOCK-UP AGREEMENT IS ON FILE AT THE PRINCIPAL OFFICES OF THE ISSUER. IN ADDITION,
THE SHARES OF COMMON STOCK EVIDENCED HEREBY ARE SUBJECT TO A RIGHT OF SET-OFF PURSUANT TO THE TERMS OF A SHARE TRANSFER AGREEMENT
DATED JUNE 7, 2012 BETWEEN THE REGISTERED HOLDER HEREOF AND THE ISSUER HEREOF. A COPY OF SUCH AGREEMENT IS ON FILE AT THE PRINCIPAL
OFFICES OF THE ISSUER&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">S<FONT STYLE="font-variant: small-caps">ection
2.</FONT>&#9;<U>Representations and Warranties</U>. Each party represents and warrants to the other that (a) it has all requisite
power and authority to enter into this Amendment and to perform its obligations hereunder; (b) this Amendment has been duly authorized
by it and constitutes a legally valid and binding obligation, enforceable against it in accordance with the terms of this Amendment,
subject to the effect of any applicable Law of general application relating to bankruptcy, reorganization, insolvency, moratorium
or similar Laws affecting creditors&rsquo; rights and relief of debtors generally; and (c) the execution, delivery and performance
of this Amendment does not conflict with any law applicable to it, violate any agreement applicable to it or result in any breach
or default under, require the consent under, or give to others any rights of termination or acceleration of any right or obligation
of it.</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">S<FONT STYLE="font-variant: small-caps">ection
3.</FONT>&#9;<U>Amendment to Section 5.6 of the Agreement.</U></P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Section 5.6 of
the Agreement is hereby amended so that the last sentence in Section 5.6 of the Agreement is deleted. The deleted wording is shown
as follows:</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>[<I>DELETED
WORDING</I></B>: Each such Seller further agrees that the Purchaser Payment Shares will be delivered to such Seller, and Black
Diamond and the Purchaser agree to deliver the Purchaser Payment Shares to such Seller, 20 Business Days after such Seller&rsquo;s
receipt of the prospectus that is a part of the Registration Statement, as described in section 5.8.4 (this time period shall be
coordinated with the Completion or else section 11.6.3 shall apply), subject in all respects to the pledge by such Seller of such
Purchaser Payment Shares in accordance with section 6.<B>]</B></P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">S<FONT STYLE="font-variant: small-caps">ection
4.</FONT>&#9;<U>Amendment to Section 11.6.3 of the Agreement.</U></P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><U>&nbsp;</U></P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Section 11.6.3
of the Agreement is hereby deleted and replaced in its entirety with a note as follows:</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>[INTENTIONALLY
LEFT BLANK]</B></P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-variant: small-caps">Section</FONT>
5.&#9;<U>Waiver</U>. Each of the Sellers hereby waives any claims that it may have against Purchaser or Black Diamond by virtue
of any requirement previously contained in the Agreement that had obligated the Purchaser or Black Diamond to issue to the Sellers
Purchaser Payment Shares that were registered under the Registration Statement or the Securities Act, and each such Seller acknowledges
that the Purchaser Payment Shares that are to be delivered to Sellers on the Completion are not registered under the Registration
Statement or the Securities Act at the express request of Sellers. Each of the Sellers hereby further acknowledges and agrees that
because the Purchaser Payment Shares are not registered under the Registration Statement or the Securities Act, such shares cannot
be resold by the Sellers without registration under the Securities Act or an available exemption therefrom.</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#9;<FONT STYLE="font-variant: small-caps">Section</FONT>
6.&#9;<U>Agreement in Full Force and Effect</U>. Except as amended hereby the Agreement is hereby ratified, approved and confirmed,
and remains in full force and effect. Any provision contained in the Agreement which is inconsistent or conflicts with the provisions
and intention of this Amendment shall be deemed to be amended or deleted as necessary to address any such inconsistency or conflict.</P>

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<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-variant: small-caps">Section</FONT>
7.&#9;<U>Reference to and Effect on the Agreement</U>. This Amendment to the Agreement shall be effective as of the date of this
Amendment, and all references to the Agreement shall, from and after such time, be deemed to be references to the Agreement as
amended hereby.</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#9;<FONT STYLE="font-variant: small-caps">Section</FONT>
8.&#9;<U>Governing Law</U>. This Amendment shall be governed by and construed in accordance with Swedish law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#9;<FONT STYLE="font-variant: small-caps">Section</FONT>
9.&#9;<U>Disputes</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any dispute, controversy or claim arising
out of or in connection with this Amendment, or the breach, termination or invalidity thereof, shall be finally settled by arbitration
in accordance with the Arbitration Rules of the Arbitration Institute of the Stockholm Chamber of Commerce (the &ldquo;<I>SCC Rules</I>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any Party shall be entitled to initiate
arbitral proceedings against two or more other Parties. Where a Party initiates arbitral proceedings against more than one Party,
such proceedings shall be resolved in one arbitration and be subject to the jurisdiction of one arbitral tribunal appointed in
accordance with the SCC Rules.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The place of arbitration shall be Stockholm.
The language to be used in the arbitration proceedings shall be English.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Parties undertake and agree that arbitral
proceedings pursuant to this Amendment shall be kept strictly confidential, and all information disclosed in the course of such
proceedings as well as the contents of any decision or award made shall constitute Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#9;<FONT STYLE="font-variant: small-caps">Section</FONT>
10.&#9;<U>Miscellaneous</U>. This Amendment may be executed in any number of counterparts, each of which when executed shall be
deemed to be an original, but all of which taken together shall constitute one and the same instrument. In the event that any one
or more of the terms or provisions contained in this Amendment shall be held to be invalid, illegal or unenforceable in any respect,
the remainder of the terms and provisions of this Amendment shall remain in full force and effect and shall in no way be affected,
impaired or invalidated.</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-variant: small-caps">[</FONT><I>Remainder
of Page Intentionally Left Blank</I>]</P>

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<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-variant: small-caps">In
Witness Whereof,</FONT> the Parties have executed this Amendment as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: 0in"><FONT STYLE="font-variant: small-caps">Ember
Scandinavia AB</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.25in"></TD><TD STYLE="width: 0.25in"></TD><TD></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.25in"></TD><TD STYLE="width: 0.25in"></TD><TD>By: <U>/s/ Peter Metcalf<BR>
</U>Name: Peter Metcalf<BR>
</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: -0.25in"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.25in"></TD><TD STYLE="width: 0.25in"></TD><TD><FONT STYLE="font-variant: small-caps">Black Diamond, Inc.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.25in"></TD><TD STYLE="width: 0.25in"></TD><TD></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.25in"></TD><TD STYLE="width: 0.25in"></TD><TD>By: <U>/s/ Peter Metcalf<BR>
</U>Name: Peter Metcalf<BR>
</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>The SELLERS sign on a separate signature page.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>/s/ <B>Fred Wikstr&ouml;m<BR>
</B></U><B>Fred Wikstr&ouml;m,</B> signing for himself and by proxy for Gastroform AB, Stefan Ytterborn, Rebelijo AS, Jan Woxing,
Fredstone AB, Vingcar Holding AB, Thomas Bj&auml;ringer, Per Wester, Lars S&ouml;derberg, Derek Colin Stuart, Securera AB, Royal-Line
AB, Hans Schlick, Jonathan Agnew and Caspar Agnew as trustees of J.G.W. Agnew, Marie-Claire Agnew, Karin Huttary, Ron Mis, Sven
Sandberg, Roslyn Braun, Fredrik Hallander, Jonas Wikstr&ouml;m, Erik Lid&eacute;n, Emilia Borg, Per Hamid Ghatan, Henrik von Stockenstr&ouml;m,
Oscar Huss, Anna Beischer, Josefin L&ouml;wgren, Per Jansson, Svensk Civilekonomi AB, Ros&eacute;n Trading &amp; Consulting i Uppsala
AB, Claes Hulting, Martin &Aring;berg, Hanna Wikstr&ouml;m, Emil Wikstr&ouml;m, Isabelle Wikstr&ouml;m, Lisen Wikstr&ouml;m, Therese
Wensl&ouml;w, Nicole Hausmann, Jan Tuve M&ouml;ller, De Geer &amp; Co AB, Marcus Ros&eacute;n and Patrik J&auml;rbyn.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>/s/ <B>Bo H&aring;kansson<BR>
</B></U><B>Bo H&aring;kansson,</B> signing for himself and for Farstorps g&aring;rd AB and by proxy for Susanne H&aring;kansson,
Tove H&aring;kansson and Oscar H&aring;kansson</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>/s/ <B>Peter Ihrfelt</B></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Peter Ihrfelt,</B> signing by proxy for Norge Investment
Holding LLC and BWG Holding</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>/s/ <B>Conny Karlsson<BR>
</B></U><B>Conny Karlsson,</B> signing by proxy for Theodor Dalenson</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>/s/ <B>Tora Molander<BR>
</B></U><B>Tora Molander,</B> signing by proxy for Jan Thor&eacute;n</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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