AMENDMENTAmendment • June 22nd, 2006 • Gvi Security Solutions Inc • Communications equipment, nec • New York
This AMENDMENT (this “Amendment”), dated effective as of June 22, 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 that certain 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”). The Note, the Securities Purchase Agreement together with the Related Agreements (as defined in the Securities Purchase Agreement) are referred to herein as the “Loan Documents”. Capitalized terms used herein without definition shall have the meanings ascribed to such terms in the Securities Purchase Agreement.
