Amendment to Section 11 of the Security Agreement. Section 11(a) of the Security Agreement is hereby amended by adding the following sentence: “The parties hereto agree that the Collateral Agent holds the Collateral for the pro rata benefit of the Fall 2008 Purchasers and the February 2009 Purchasers, whether upon liquidation of the Collateral, distribution of the proceeds thereof, or otherwise.”
Amendment to Section 11 of the Security Agreement. Section 11 of the Security Agreement is deleted in its entirety and replaced with the following: “Upon payment or other satisfaction in full of the Note held by the Secured Party, the Security Interests shall terminate and all rights to the Collateral shall revert to the Debtor. Upon any such termination of the Security Interests or release of Collateral, the Secured Party will, at the Debtor’s expense, to the extent permitted by law, execute and deliver to the Debtor such documents as the Debtor shall reasonably request to evidence the termination of the Security Interests or the release of such Collateral, as the case may be.”
