Exhibit 10.2
 
AMENDMENT TO CONVERTIBLE NOTE AND WARRANT PURCHASE AGREEMENT
 
This Amendment to Convertible Note and Warrant Purchase Agreement (this
“Amendment”) is entered into effective as of October 24, 2008 (the “Effective
Date”), by and between AVAX Technologies, Inc., a Delaware corporation (the
“Company”), and each of the purchasers (the “Purchasers”) of the Company’s 6%
Convertible Notes Due December 31, 2008 (the “Convertible Promissory Notes”)
issued pursuant to that certain Convertible Note and Warrant Purchase Agreement,
dated as of October 24, 2008 (the “Purchase Agreement”), by and between the
Company. Capitalized terms used and not otherwise defined herein shall have the
meanings ascribed to them in the Purchase Agreement.
 
WHEREAS, the Purchase Agreement currently requires that no Convertible
Promissory Notes or Warrants may be issued thereunder for an aggregate principal
amount of Convertible Promissory Notes of less than $1,500,000; and
 
WHEREAS, the Company and the Purchasers desire to amend the Purchase Agreement
to reduce the minimum aggregate principal amount of Convertible Promissory Notes
that are required to be issued thereunder as part of the Closing from $1,500,000
to $1,291,000.
 
NOW, THEREFORE, in consideration of the foregoing and the promises and covenants
contained herein, and for other good and valuable consideration, the receipt of
which is hereby acknowledged, the parties hereto agree as follows:
 

 
1.
Amendment to Section 2 of the Purchase Agreement. Section 2 of the Purchase
Agreement is hereby amended and restated in its entirety as follows:

“Section 2. Closing.  The closing (the “Closing”) of the purchase and sale of
each Note and the Warrant (the “Transaction”) will take place by telephone,
facsimile and express mail on such date as each Purchaser and the Company may
agree, provided that no Notes or Warrants may be issued by the Company pursuant
to this Agreement after [_____], 2008 or for an aggregate principal amount of
Notes of less than $1,291,000, which shall include the funds provided to the
Company over the prior three months by certain members of the Company’s board of
directors and Paul Larue in the aggregate amount of $191,000. The date of the
Closing for each Purchaser is referred to as the “Closing Date.”  At the
Closing, each Purchaser shall deliver to the Company, by check or wire transfer
of immediately available funds to the Company’s bank account, the Purchase
Price, and the Company shall issue and deliver to each Purchaser a Note and a
Warrant against payment of the Purchase Price.”

 
2.
Effect of Amendment. Except as expressly modified by this Amendment, the
Purchase Agreement and the Convertible Promissory Notes shall remain unmodified
and in full force and effect.

 
3.
Governing Law. This Amendment shall be construed and enforced in accordance
with, and the rights of the parties shall be governed by, the laws of the State
of Delaware, without giving effect to the principles of conflicts of law
thereof.

 
4.
Counterparts. This Amendment may be executed in any number of counterparts and
signatures delivered by facsimile, each of which shall be deemed an original,
but all of which together shall constitute one instrument.

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IN WITNESS HEREOF, the parties hereto have executed this Amendment as of the
date first written above.

COMPANY:
       
AVAX TECHNOLOGIES, INC.
           
By:
________________________________  
Francois Martelet, Chief Executive Officer
           
Address:
2000 Hamilton Street, Suite 204
 
 
Philadelphia, PA 10130

 
 
PURCHASERS:
 

By: __________________________
Name: __________________________
 

By: __________________________
Name: __________________________

 
By:  __________________________
Name: __________________________

 
By:  __________________________
Name: __________________________
 

By:  __________________________
Name: __________________________
 
 

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