Amendment to Paragraph 2. 1. Paragraph 2.1 of the Employment Agreement is hereby amended and restated in its entirety to read as follows:
Amendment to Paragraph 2. Paragraph 2 of the Stock Exchange Agreement is hereby amended by adding the following sentence at the end of the paragraph: "Prior to the Closing, Matrix shall deliver to AvTel a duly executed Exchange Statement from each holder of a non-qualified stock option of Matrix in the form attached as Exhibit B."
Amendment to Paragraph 2. Paragraph 2 of the Settlement Agreement is hereby amended and restated in its entirety to read:
Amendment to Paragraph 2. The Guaranty is hereby further amended by deleting the first sentence of Paragraph 2 in its entirety and replacing it with the following: “The liability of Guarantors shall not exceed at any time the sum of Fifty Million and 00/100 Dollars ($50,000,000.00) plus all interest thereon plus costs, expenses and all other amounts owing pursuant to the Credit Agreement or any other Loan Document plus all costs and expenses pertaining to the enforcement of this Guaranty and/or the collection of the Indebtedness of the Borrower to Bank, provided that the obligations of each Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.”
Amendment to Paragraph 2. Paragraph 2 of the Agreement is amended as follows:
Amendment to Paragraph 2. 7(a) (Revolving Loan, RSD Loan or LHS -------------------------------------------------------------- Loan Advance Request). Subparagraph (i) of Paragraph 2.7(a) of the Credit --------------------- Agreement is hereby amended and restated to read in its entirety as follows:
(i) the aggregate amount of the requested Advance, which shall be in the amount of $250,000 or a multiple of $50,000 in excess thereof;
Amendment to Paragraph 2. Paragraph 2 of the Existing Sublease is hereby deleted and the following is inserted in its place.
Amendment to Paragraph 2. 1. The first paragraph of Paragraph 2.1 of the Agreement is hereby amended and restated to read in its entirety as follows: “Subject to the limitations set forth in this Agreement and Sponsor’s Rights, UNIVERSITY hereby grants to LICENSEE, and LICENSEE hereby accepts, a license under UNIVERSITY’s interest in Patent Rights to make, have made, use, sell, offer for sale, have sold and import Licensed Products and to practice Licensed Methods in the Field, within the Territory and during the Term.”
Amendment to Paragraph 2. Paragraph 2 of the Promissory Note is amended in its entirety to read as follows:
Amendment to Paragraph 2. That Paragraph 2 of the Deed Restrictions (set forth in full below) is hereby deleted in its entirety as to the property described herein as Exhibit A, which is attached hereto and incorporated herein for all purposes.
