October 19,2006Forbearance Agreement • October 20th, 2006 • Ortec International Inc • Surgical & medical instruments & apparatus
Reference is made to the letter agreement dated December 13,2004 from Paul Royalty Fund, L.P. (formerly known as Paul Capital Royalty Acquisition Fund, L.P., "PRF') to Ortec International, Inc. ("Ortec"), a copy of which is attached as Exhibit A hereto (the "Forbearance Letter"). Capitalized terms used in this letter and not otherwise defined herein shall have the meanings given to such terms in the Amended and Restated Revenue Interests Assignment Agreement among Ortec, OrCel LLC and PRF dated as of February 26, 2003 (as amended, supplemented or otherwise modified through the date hereof, the "RIA Agreement").
