0000950117-07-000179 Sample Contracts

EXCHANGE AGREEMENT
Exchange Agreement • January 31st, 2007 • Ortec International Inc • Surgical & medical instruments & apparatus • New York

Exchange Agreement (this "Agreement") entered into this 29th day of January 2007 by and between Ortec International, Inc., a Delaware corporation ("Ortec"), and Paul Royalty Fund, L.P. (formerly known as Paul Capital Royalty Acquisition Fund, L.P.), a Delaware limited partnership ("Paul Capital").

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