June 22, 2001 AJW Partners, LLC New Millennium Capital Partners II, LLC c/o The N.I.R. Group, LLC 155 First Street, Suite B Mineola, New York 11501 Re: Airtech International Group, Inc. (the "Company") - Amendment of Securities Purchase Agreement and...Securities Purchase Agreement • July 9th, 2001 • Airtech International Group Inc • Services-allied to motion picture production
This letter will set forth the agreement of the parties hereto to (i) amend the provision of that certain Securities Purchase Agreement dated as of March 30, 2001 (the "Agreement") by and among the Company and the investors listed in the signature page hereto (collectively, the "Investors") relating to the timing of the subsequent investment to be made by the Investors pursuant the Agreement and (ii) amend the provision of certain 12% Secured Convertible Debentures which are convertible into the Company's common stock, par value $.05 per share ("Common Stock"), issued by the Company to the Investors on March 30, 2001 and to be issued by the Company pursuant to the aforementioned subsequent investment, respectively (collectively, the "Debentures") relating to the waiver of certain limitations on ownership of the Company's Common Stock.
