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EXHIBIT 10.10(k)
AMENDMENT TO
INTELLECTUAL PROPERTY SECURITY AGREEMENT
This AMENDMENT TO INTELLECTUAL PROPERTY SECURITY AGREEMENT (this
"Amendment") amends and shall be considered a part of that certain Intellectual
Property Security Agreement (the "Agreement"), dated as of May 5, 1998, entered
into between PERCEPTIVE SCIENTIFIC INSTRUMENTS, INC., a Delaware corporation
("Old PSI") and FOOTHILL CAPITAL CORPORATION, a California corporation
("Lender"), which was filed and recorded with the United States Patent and
Trademark Office on May 20, 1998, in Reel 9245/0547 (for patents) and in Reel
1735/0540 (for trademarks). Old PSI has merged into PERCEPTIVE SCIENTIFIC
INSTRUMENTS, LLC, a Delaware limited liability company ("Debtor"). Debtor and
Lender agree as follows:
1. The introductory paragraph is hereby amended by deleting the same in
its entirety and replacing it with the following:
"This INTELLECTUAL PROPERTY SECURITY AGREEMENT ("Agreement"),
dated as of May 5, 1998, is entered into between PERCEPTIVE SCIENTIFIC
INSTRUMENTS, LLC, a Delaware limited liability company ("Debtor") and FOOTHILL
CAPITAL CORPORATION, a California corporation ("Foothill"), in light of the
following:"
2. Except as expressly amended or modified pursuant to this Amendment,
the Agreement shall remain otherwise unchanged and in full force and effect.
IN WITNESS WHEREOF, Debtor and Lender have executed this Amendment as of
the 23 day of March, 1999.
FOOTHILL CAPITAL CORPORATION,
a California corporation
By: /s/ XXXXXXX XXXXXXXX
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Title: Assistant Vice President
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PERCEPTIVE SCIENTIFIC INSTRUMENTS, LLC,
a Delaware limited liability company
By: Statspin, Inc.,
a Massachusetts corporation
By: /s/ XXXXXX X. XxXXXXXX
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Title: Vice President and Chief Financial Officer
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