AMENDMENT TO SECURITY AGREEMENT AND JOINDER AGREEMENTSecurity Agreement and Joinder Agreement • November 14th, 2007 • Averion International Corp. • Services-commercial physical & biological research • New York
This AMENDMENT TO SECURITY AGREEMENT AND JOINDER AGREEMENT (this “Amendment and Joinder”) is made effective as of November 5, 2007, by and among Averion International Corp., a Delaware corporation (the “Company”), Averion Inc., a Delaware corporation (“Averion Inc.”), and IT&E International, a California corporation (“IT&E”), on the one hand, and ComVest Investment Partners II LLC, a Delaware limited liability company (“ComVest”), Cumulus Investors, LLC, a Nevada limited liability company (“Cumulus”), Dr. Philip T. Lavin, an individual (“Lavin”), Gene Resnick, M.D., an individual (“Resnick”), MicroCapital Fund, Ltd., a Cayman-domiciled investment corporation (“MicroCap Ltd.”), and MicroCapital Fund LP, a Delaware limited partnership (“MicroCap LP”), on the other hand. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Agreement (defined below).
