Workout and Collateral Release Agreement Sample Contracts

ADDENDUM TO WORKOUT AND COLLATERAL RELEASE AGREEMENT
Workout and Collateral Release Agreement • November 14th, 2002 • Netplex Group Inc • Services-prepackaged software

THIS ADDENDUM TO WORKOUT AND COLLATERAL RELEASE AGREEMENT, dated as of September 23, 2002 (this “Addendum”) is made by and among NETPLEX SYSTEMS, INC., a Delaware corporation (“Systems”), THE NETPLEX GROUP, INC., a New York corporation (“Group”) and WATERSIDE CAPITAL CORPORATION, a Virginia corporation (“Waterside”), and is an addendum to that certain WORKOUT AND COLLATERAL RELEASE AGREEMENT, dated as of May 15, 2002 (the “Agreement”) by and among the parties hereto. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them by the Agreement.

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RECITALS
Workout and Collateral Release Agreement • May 30th, 2002 • Netplex Group Inc • Services-prepackaged software • Virginia
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