FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT THIS FIRST AMENDMENT is made as of the 23rd day of February, 2001, by and among Microtek Medical, Inc., a Delaware corporation ("Purchaser"), Deka Medical, Inc., a Florida corporation ("Seller"), and the stockholders of Seller set forth on the signature page of this Amendment (collectively, the "Stockholders"). W I T N E S S E T H: WHEREAS, Purchaser, Seller and Stockholders entered into that certain Asset Purchase Agreement dated as of February 9, 2001 (the "Purchase Agreement"); and WHEREAS, in connection with recording the Clean-Op Closing, the parties have agreed that the Clean-Op Closing shall be effective for accounting purposes at 11:59 p.m. on February 2, 2001. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 1. Defined Terms. Initially capitalized terms used in this Amendment which are not otherwise defined in this Amendment are used with the same meaning ascribed to them in the Purchase Agreement. 2. Amendment. Section 1.3 of the Purchase Agreement is amended by changing the date "February 9, 2001" appearing therein to "February 2, 2001". 3. Miscellaneous. Except as modified and amended hereby, the parties hereto adopt and ratify the Purchase Agreement without further modification or amendment. This Amendment may be executed in any one or more counterparts, each of which shall be deemed an original but all of which shall together constitute one and the same agreement. IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year first above written. PURCHASER: MICROTEK MEDICAL, INC. By:____________________________________ Title: ________________________________ SELLER: DEKA MEDICAL, INC. By:____________________________________ Title:_________________________________ [Signatures continued on following page] 1 STOCKHOLDERS: _____________________________________ Kimber L. Vought _____________________________________ Dagoberto T. Capote PNC Capital Corp. By: _________________________________ Name: _______________________________ Title: ______________________________ South Atlantic Private Equity Fund IV, Limited Partnership By: _________________________________ Name: _______________________________ Title: ______________________________ South Atlantic Private Equity Fund IV (QP), Limited Partnership By:__________________________________ Name: _______________________________ Title: ______________________________ Kitty Hawk Capital Limited Partnership, III By: Kitty Hawk Partners Limited Partnership, III, the General Partner By: __________________________________ Walter H. Wilkinson, Jr., General Partner Wood Street Partners II By: __________________________________ Name: ________________________________ Title: _______________________________ 2 1332583