AMENDMENTSecured Convertible Term Note Amendment • June 5th, 2006 • Gvi Security Solutions Inc • Communications equipment, nec • New York
This AMENDMENT (this “Amendment”), dated effective as of May 26, 2006, is entered into by and between GVI SECURITY SOLUTIONS, INC., a Delaware corporation (the “Company”), and LAURUS MASTER FUND, LTD., a Cayman Islands company (“Laurus”), for the purpose of amending the terms of (i) that certain Secured Convertible Term Note, dated as of May 27, 2004 in the original principal amount of $5,000,000 issued by the Company to Laurus (as amended, modified and/or supplemented from time to time, the “Term Note”); (ii) that certain Common Stock Purchase Warrant for the purchase of 940,000 shares of the Company’s Common Stock, dated as of May 27, 2004 (“Warrant 1”); (ii) that certain Common Stock Purchase Warrant for the purchase of 150,000 shares of the Company’s Common Stock, dated as of August 19, 2004 (“Warrant 2”); and (iii) that certain Common Stock Purchase Warrant for the purchase of 250,000 shares of the Company’s Common Stock, dated as of December 1, 2004 (“Warrant 3”, and together wit
