Inter-Creditor, Waiver and Amendment Agreement Sample Contracts

INTER-CREDITOR, WAIVER AND AMENDMENT AGREEMENT

Inter-Creditor, Waiver and Amendment Agreement • May 31st, 2007 • QPC Lasers • Laboratory analytical instruments • New York

• Contract Type
  Inter-Creditor, Waiver and Amendment Agreement
• Filed
  May 31st, 2007
• Company
  QPC Lasers
• Industry
  Laboratory analytical instruments
• Jurisdiction
  New York

This INTER-CREDITOR, WAIVER AND AMENDMENT AGREEMENT (the “Agreement”) is made and effective as of May 22, 2007, by and among QPC Lasers, Inc., a Nevada corporation (the “Company”), each holder of the Company’s 10% Secured Convertible Debentures due April 16, 2009 (“Existing Creditors”) and the New Creditors (as defined below) (the Existing Creditors and the New Creditors are herein collectively referred to as the “Creditors”).