EX-10.3 4 v025624_ex10-3.txt September 7, 2005 Gerald Beckwith, Chairman IPEX Board of Directors 9255 Towne Centre Drive San Diego, CA 92121 Attn: IPEX Board of Directors I hereby resign as a member of the IPEX, Inc., Board of Directors effective Wednesday September 7, 2005. Regards, /s/ Edward Sullivan Edward Sullivan 7650 La Jolla Blvd., La Jolla, CA 92037