ANTIDILUTION AGREEMENT AND ADDENDUM TO WARRANTSAntidilution Agreement • May 22nd, 2006 • Patriot Scientific Corp • Communications equipment, nec • New York
THIS AGREEMENT (the "Antidilution Agreement" or the “Agreement”) is entered into as of March 19, 2003, by and among Patriot Scientific Corporation, a corporation duly organized and existing under the laws of the State of Delaware (the "Company" or “Patriot”) and Swartz Private Equity, LLC (hereinafter referred to as “Swartz” or “Holder”). This Agreement supersedes the Addendum to Amended Secured Promissory Note (the “Addendum to Amended Note”) between the Company and Swartz dated on or about March 12, 2002, a copy of which is attached hereto as Exhibit A, which superseded the Agreement (the “Original Loan Advance Agreement”) between the Company and Swartz dated on or about January 28, 2002, a copy of which is attached hereto as Exhibit B.
