AMENDMENT NO. 1 TO INTERCREDITOR AGREEMENT
Exhibit 10.194.1
AMENDMENT NO. 1 TO
INTERCREDITOR AGREEMENT
INTERCREDITOR AGREEMENT
This Amendment No. 1 to Intercreditor Agreement (the “Amendment”) is effective as of March 7,
2006, and amends the INTERCREDITOR AGREEMENT, dated as of February 9, 2006 (the “Agreement”), by
and among The Immune Response Corporation, a Delaware corporation (the “Company”), Cheshire
Associates, LLC, a Delaware limited liability company, Cornell Capital Partners, L.P., a Delaware
limited partnership, and Xxxxxx Asset Partners, LLC, a Delaware limited liability company, as agent
for the holders from time to time of the Company’s 8% Senior Secured Convertible Notes and for
Qubit Holdings, LLC (“Qubit”) in respect of the 8% senior secured convertible promissory note in
the principal amount of $250,000 issued by the Company to Qubit on the same date.
1. In the third WHEREAS clause of the Agreement, the number “Five Million Dollars
($5,000,000)” is amended to instead read “Eight Million Dollars ($8,000,000).”
2. Except as expressly amended hereby, the Agreement remains unchanged and in full force and
effect.
3. This Amendment may be executed in counterparts and each of such counterparts shall for all
purposes be deemed to be an original, and such counterparts shall together constitute one and the
same instrument.
IN WITNESS WHEREOF, the undersigned have executed, or have caused to be executed, this
Amendment as of the date first written above.
Secured Parties: | ||||
CHESHIRE ASSOCIATES, LLC | ||||
By: | ||||
Nonmember Manager | ||||
CORNELL CAPITAL PARTNERS, L.P. | ||||
By: Yorkville Advisors, LLC | ||||
Its: General Partner | ||||
By: | ||||
Name: Xxxx Xxxxxx | ||||
Title: Portfolio Manager | ||||
XXXXXX ASSET PARTNERS, LLC, | ||||
as Agent for the Investors | ||||
By: | ||||
Name: | ||||
Title: | ||||
The Company: | ||||
THE IMMUNE RESPONSE CORPORATION | ||||
By: | ||||
Name: | ||||
Title: |