Document:

Unassociated Document

    AMENDMENT
      NO. 1

    TO

    REGISTRATION
      RIGHTS AGREEMENT

     

    THIS
      AMENDMENT NO. 1 TO REGISTRATION RIGHTS AGREEMENT (this “Amendment”), dated as of
      September 21, 2007, is made by and among Glowpoint, Inc., a Delaware corporation
      (the “Company”) and the investors signatory hereto (the
“Investors”).

     

    Preliminary
      Statement

     

    WHEREAS,
      the parties hereto are parties to that certain Registration Rights Agreement,
      dated as of March 31, 2006 (the “ Registration Rights Agreement”);

     

    WHEREAS,
      the Company and the Investors desire to amend certain provisions of the
      Registration Rights Agreement as described herein;

     

    WHEREAS,
      Section 7(e) of the Registration Rights Agreement provides that the Registration
      Rights Agreement may be amended on behalf of all parties thereto by the Company
      and the Holders of three-fourths (3/4) of the Registrable Securities
      outstanding; and

     

    WHEREAS,
      the Investors are the Holders of at least three-fourths (3/4) of the Registrable
      Securities outstanding.

     

        NOW,
      THEREFORE, for good and valuable consideration, the receipt and sufficiency
      of
      which is hereby acknowledged, the parties, intending to be legally bound, hereby
      agree as follows:

     

    1.  Capitalized
      Terms.
      Capitalized terms used, but not defined, herein, shall have the meanings
      ascribed to such terms in the Registration Rights Agreement. 

     

    2.  Amendments
      to Registration Rights Agreement.

     

    (a)  Effectiveness
      Date.
      The
      definition of “Effectiveness Date” in Section 1 of the Registration Rights
      Agreement is hereby deleted in its entirety and the following new definition
      shall be substituted in lieu thereof:

     

    “
      “Effectiveness
      Date”
means,
      subject to Section 2(b) hereof, with respect to the Registration Statement
      the
      earlier of (A) the ninetieth (90th) day following the Filing Date or (B) the
      date which is within three (3) Business Days of the date on which the Commission
      informs the Company that (i) the Commission will not review the Registration
      Statement or (ii) the Company may request the acceleration of the effectiveness
      of the Registration Statement and the Company makes such request; provided
      that,
      if the Effectiveness Date falls on a Saturday, Sunday or any other day which
      shall be a legal holiday or a day on which the Commission is authorized or
      required by law or other government actions to close, the Effectiveness Date
      shall be the following Business Day.”

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b)  Filing
      Date.
      Subject
      to Section 2(b) of the Registration Rights Agreement, the Filing Date shall
      be
      extended to the date which is 30 days after the date of this Amendment; provided
      that, if the Filing Date falls on a Saturday, Sunday or any other day which
      shall be a legal holiday or a day on which the Commission is authorized or
      required by law or other government actions to close, the Filing Date shall
      be
      the following Business Day.

     

    (c)  Notes.
      The
      definition of “Notes” in Section 1 of the Registration Rights Agreement is
      hereby deleted in its entirety and the following new definition shall be
      substituted in lieu thereof:

     

    “
      “Notes”
means,
      collectively, each of the following, as the same may be amended from time to
      time: (A) the senior secured convertible promissory notes issued to the
      Purchasers pursuant to the Purchase Agreement, as amended, and (B) the
      additional senior secured convertible promissory notes issued to the Purchasers
      pursuant to that certain Note and Warrant Purchase Agreement, dated as of
      September 21, 2007 (the “September Purchase Agreement”), by and between the
      Company and the purchasers named therein, in the aggregate principal amount
      of
      up to $3,600,000 on or about September 21, 2007 (the “Additional
      Notes”).”

     

    (d)  Registrable
      Securities.
      The
      definition of “Registrable Securities” in Section 1 of the Registration Rights
      Agreement is hereby deleted in its entirety and the following new definition
      shall be substituted in lieu thereof:

     

    “
      “Registrable
      Securities”
means
      the shares of Common Stock issuable (A) upon conversion of the Notes, (B) upon
      exercise of the Warrants, and (C) upon conversion of the Series C Preferred
      Stock.”

     

    (e)  Series
      C Preferred Stock.
      The
      following new definition of “Series C Preferred Stock” is hereby added to
      Section 1 of the Registration Rights Agreement after the definition of
“Securities Act” and before the definition of “Special Counsel”:

     

    “
      “Series
      C Preferred Stock”
means
      the Company’s Series C Convertible Preferred Stock, par value $.0001 per
      share.”

     

    (f)  Warrants.
      The
      definition of “Warrants” in Section 1 of the Registration Rights Agreement is
      hereby deleted in its entirety and the following new definition shall be
      substituted in lieu thereof:

     

    “
      “Warrants”
means,
      collectively, each of the following, as the same may be amended from time to
      time: (A) the warrants to purchase shares of Common Stock issued to the
      Purchasers pursuant to the Purchase Agreement; (B) the warrants to purchase
      shares of Common Stock issued to the Purchasers on or about September 21, 2007
      as consideration for the amendment of the senior secured convertible promissory
      notes issued to the Purchasers pursuant to the Purchase Agreement; and (C)
      the
      warrants to purchase shares of Common Stock issued to the Purchasers in
      connection with the purchase of the Additional Notes.”

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (g)  Resale
      Registration.
      Section
      2 of the Registration Rights Agreement is hereby deleted in its entirety and
      the
      following new section shall be substituted in lieu thereof:

     

    “2. Resale
      Registration.

     

    (a) On
      or
      prior to the Filing Date the Company shall prepare and file with the Commission
      a "resale" Registration Statement providing for the resale of all Registrable
      Securities for an offering to be made on a continuous basis pursuant to Rule
      415. The Registration Statement shall be on Form S-1 (except if the Company
      is
      not then eligible to register for resale the Registrable Securities on Form
      S-1,
      in which case such registration shall be on another appropriate form in
      accordance with the Securities Act and the rules promulgated thereunder). The
      Company shall (i) not permit any securities other than the Registrable
      Securities and the securities to be listed on Schedule
      II
      hereto
      to be included in the Registration Statement and (ii) use its best efforts
      to
      cause the Registration Statement to be declared effective under the Securities
      Act as promptly as possible after the filing thereof, but in any event prior
      to
      the Effectiveness Date, and to keep such Registration Statement continuously
      effective under the Securities Act until such date as is the earlier of (x)
      the
      date when all Registrable Securities covered by such Registration Statement
      have
      been sold or (y) the date on which the Registrable Securities may be sold
      without any restriction pursuant to Rule 144(k) as determined by the counsel
      to
      the Company pursuant to a written opinion letter, addressed to the Company's
      transfer agent to such effect (the "Effectiveness
      Period").
      If at
      any time and for any reason, an additional Registration Statement is required
      to
      be filed because at such time the actual number of shares of Common Stock into
      which the Notes are convertible, the Warrants are exercisable plus the number
      of
      shares of Common Stock, and the shares of Common Stock into which the Series
      C
      Preferred Stock is convertible exceeds the number of shares of Registrable
      Securities remaining under the Registration Statement, the Company shall have
      fifteen (15) Business Days to file such additional Registration Statement,
      and
      the Company shall use its best efforts to cause such additional Registration
      Statement to be declared effective by the Commission as soon as possible, but
      in
      no event later than sixty (60) days after filing. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (b) Notwithstanding
      anything to the contrary set forth in this Section 2, in the event the
      Commission does not permit the Company to register all of the Registrable
      Securities in the Registration Statement because of the Commission’s application
      of Rule 415 or the Commission requires the Company to either exclude shares
      held
      by certain Holders or deem such Holders to be underwriters with respect to
      their
      Registrable Securities, the Company shall register in the Registration Statement
      such number of Registrable Securities as is permitted by the Commission without
      naming such Holder as an underwriter (unless such Holder agrees to be named
      as
      an underwriter), provided,
      however,
      that
      the number of Registrable Securities to be included in such Registration
      Statement or any subsequent registration statement shall be determined in the
      following order: (i) first, the shares of Common Stock issuable upon conversion
      of the Notes shall be registered on a pro rata basis among the holders of the
      Notes, (ii) second, the shares of Common Stock issuable upon conversion of
      the
      Series C Preferred Stock shall be registered on a pro rata basis among the
      holders of the Series C Preferred Stock, and (iii) third, the shares of Common
      Stock issuable upon exercise of (1) the Warrants, and (2) the securities listed
      on Schedule II hereto, shall be registered on a pro rata basis among the holders
      of the Warrants and such securities. In the event the Commission does not permit
      the Company to register all of the Registrable Securities in the initial
      Registration Statement, the Company shall use its commercially reasonable
      efforts to file subsequent Registration Statements to register the Registrable
      Securities that were not registered in the initial Registration Statement as
      promptly as possible and in a manner permitted by the Commission. For purposes
      of this Section 2(b), “Filing
      Date”
      means
      with respect to each subsequent Registration Statement filed pursuant hereto,
      the
      later
      of (i) sixty (60) days following the sale of substantially all of the
      Registrable Securities included in the initial Registration Statement or any
      subsequent Registration Statement and (ii) six (6) months following the
      effective date of the initial Registration Statement or any subsequent
      Registration Statement, as applicable, or such earlier or later date as
      permitted or required by the Commission. For
      purposes of this Section 2(b), “Effectiveness
      Date”
means
      with respect to each subsequent Registration Statement filed pursuant hereto,
      the earlier of (A)
      the
      ninetieth (90th)
      day
      following the filing date of such Registration Statement (or in the event such
      Registration Statement is reviewed by the Commission, the one hundred twentieth
      (120th)
      day
      following such filing date) or (B) the date which is within three (3) Business
      Days after the date on which the Commission informs the Company (i) that the
      Commission will not review such Registration Statement or (ii) that
      the
      Company may request the acceleration of the effectiveness of such Registration
      Statement and the Company promptly makes such request; provided that,
      if the
      Effectiveness Date falls on a Saturday, Sunday or any other day which shall
      be a
      legal holiday or a day on which the Commission is authorized or required by
      law
      or other government actions to close, the Effectiveness Date shall be the
      following Business Day.”

    

    (h)  Liquidated
      Damages.

     

    (i)  Section
      7(d) of the Registration Rights Agreement is hereby deleted in its entirety
      and
      the following new section shall be substituted in lieu thereof:

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    “(d) Failure
      to File Registration Statement and Other Events.
      The
      Company and the Purchasers agree that the Holders will suffer damages if the
      Registration Statement is not filed on or prior to the Filing Date and not
      declared effective by the Commission on or prior to the Effectiveness Date
      and
      maintained in the manner contemplated herein during the Effectiveness Period
      or
      if certain other events occur. The Company and the Holders further agree that
      it
      would not be feasible to ascertain the extent of such damages with precision.
      Accordingly, if (A) the Registration Statement is not filed on or prior to
      the
      Filing Date, or (B) the Registration Statement is not declared effective by
      the
      Commission on or prior to the Effectiveness Date, or (C) the Company fails
      to
      file with the Commission a request for acceleration in accordance with Rule
      461
      promulgated under the Securities Act within three (3) Business Days of the
      date
      that the Company is notified (orally or in writing, whichever is earlier) by
      the
      Commission that a Registration Statement will not be "reviewed," or not subject
      to further review, or (D) the Registration Statement is filed with and declared
      effective by the Commission but thereafter ceases to be effective as to all
      Registrable Securities at any time prior to the expiration of the Effectiveness
      Period, without being succeeded immediately by a subsequent Registration
      Statement filed with and declared effective by the Commission, or (E) the
      Company has breached Section 3(n), or (F) trading in the Common Stock shall
      be
      suspended or if, after initial quotation of the Common Stock on the OTC Bulletin
      Board, the Common Stock is no longer quoted on the OTC Bulletin Board (or listed
      on another principal exchange on which the Common Stock is traded) for any
      reason for more than three (3) Business Days in the aggregate (any such failure
      or breach being referred to as an "Event,"
      and
      for purposes of clauses (A), (B) and (E) the date on which such Event occurs,
      or
      for purposes of clause (C) the date on which such three (3) Business Day period
      is exceeded, or for purposes of clause (D) after more than fifteen (15) Business
      Days, or for purposes of clause (F) the date on which such three (3) Business
      Day period is exceeded, being referred to as "Event
      Date"),
      the
      Company shall pay an amount as liquidated damages to each Holder in cash equal
      to (1) two percent (2.0%) for the first calendar month (prorated for a shorter
      period) and (2) one percent (1.0%) for each calendar month after the first
      calendar month (prorated for shorter periods) of the Holder’s initial investment
      in the Notes and Series C Preferred Stock, from the Event Date until the
      applicable Event is cured; provided,
      however,
      that in
      no event shall the amount of liquidated damages payable at any time and from
      time to time to any Holder pursuant to this Section 7(d) exceed an aggregate
      of
      eighteen percent (18%) of the amount of the Holder’s initial investment in the
      Notes and Series C Preferred Stock. The Company shall not be liable for
      liquidated damages under this Agreement as to any Registrable Securities which
      are not permitted by the Commission to be included in a Registration Statement
      because of its application of Rule 415 until such time as the provisions of
      this
      Agreement as to the Registration Statements required to be filed pursuant to
      Section 2(b) are triggered, in which case the provisions of this Section 7(d)
      shall once again apply, if applicable. In such case, the liquidated damages
      shall be calculated to only apply to the percentage of Registrable Securities
      which are permitted by the Commission to be included in the Registration
      Statement. Notwithstanding anything to the contrary in this Section 7(d), if
      (i)
      any of the Events described in clauses (A), (B), (C) or (D) shall have occurred,
      (ii) on or prior to the applicable Event Date, the Company shall have exercised
      its rights under Section 3(n) hereof and (iii) the postponement or suspension
      permitted pursuant to such Section 3(n) shall remain effective as of such
      applicable Event Date, then the applicable Event Date shall be deemed instead
      to
      occur on the second Business Day following the termination of such postponement
      or suspension. Liquidated damages payable by the Company pursuant to this
      Section 7(d) shall be payable on the first (1st)
      business day of each thirty (30) day period following the Event Date.
      Notwithstanding anything to the contrary contained herein, (i) in no event
      shall
      any liquidated damages be payable with respect to the Warrants or the Warrant
      Shares; and (ii) this Section 7(d) shall not apply to, and shall have no force
      or effect with respect to, any Holder that is an Insider Purchaser (as defined
      in, and listed on, Exhibit A to the September Purchase Agreement).”

    

    (ii)  Each
      of
      the Holders hereby waives any rights it may have to any liquidated damages
      under
      Section 7(d) of the Registration Rights Agreement accruing on or prior to the
      date of this Amendment.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    3.  Notices
      to the Company.
      The
      notices information for the Company in Section 7(f) of the Registration Rights
      Agreement is hereby deleted in its entirety and the following new notices
      information be substituted in lieu thereof:

     

    “Glowpoint,
      Inc.

    225
      Long
      Avenue

    Hillside,
      New Jersey 07205

    Attention:
      Chief Executive Officer 

    Tel.
      No.:
      (312) 235-3888 x2053

    Fax
      No.:
      (973) 391-1904

     

    and

     

    General
      Counsel

    Glowpoint,
      Inc.

    225
      Long
      Avenue 

    Hillside,
      New Jersey 07205

    Tel.
      No.:
      (312) 235-3888 x 2087

    Fax
      No.:
      (973) 556-1272”

     

    4.  Permitted
      Securities.
      Schedule II of the Registration Rights Agreement is hereby amended by adding
      the
      following thereto:

     

    “2. Shares
      of
      Common Stock issuable upon the exercise of placement agent warrants issued
      to
      Burnham Hill Partners, its designees and assigns, prior to the date hereof
      or in
      connection with the transactions contemplated by the September Purchase
      Agreement.”

     

    5.  Ratification.
      Except
      as expressly amended hereby, all of the terms, provisions and conditions of
      the
      Registration Rights Agreement are hereby ratified and confirmed in all respects
      by each party hereto and, except as expressly amended hereby, are, and hereafter
      shall continue, in full force and effect.

     

    6.  Entire
      Agreement.
      This
      Amendment and the Registration Rights Agreement, as amended, constitute the
      entire agreement of the parties with respect to the subject matter hereof and
      supersede all prior and contemporaneous agreements and understandings, both
      written and oral, between the parties with respect thereto.

     

    7.  Amendments.
      No
      amendment, supplement, modification or waiver of this Amendment shall be binding
      unless executed in writing by all parties hereto.

     

    8.  Counterparts.
      This
      Amendment may be executed in any number of counterparts, each of which when
      so
      executed shall be deemed to be an original and, all of which taken together
      shall constitute one and the same instrument. In the event that any signature
      is
      delivered by facsimile transmission, such signature shall create a valid binding
      obligation of the party executing (or on whose behalf such signature is
      executed) the same with the same force and effect as if such facsimile signature
      were the original thereof.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    9.  Governing
      Law.
      This
      Amendment shall be governed by and construed in accordance with the internal
      laws of the State of New York, without giving effect to any of the conflicts
      of
      law principles which would result in the application of the substantive law
      of
      another jurisdiction. 

     

    10.  Successors
      and Assigns.
      This
      Amendment shall be binding upon and inure to the benefit of the parties hereto
      and their respective successors and assigns.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

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

     

    
      	 	 	 
	 	GLOWPOINT,
              INC.
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
	 	Title:

    

     

    Signature
      Page to Amendment No. 1 to
      Registration Rights Agreement

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

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

     

    
      	 	 	 
	 	INVESTOR:
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:

            
	 	
              Title:

            

    

     

    Signature
      Page to Amendment No. 1 to
      Registration Rights AgreementUnassociated Document

    AMENDMENT
      NO. 1

    TO

    SECURITY
      AGREEMENT

     

    THIS
      AMENDMENT NO. 1 TO SECURITY AGREEMENT (this “Amendment”), dated as of September
      21, 2007, is made by and among Glowpoint, Inc., a Delaware corporation (the
      “Company”) and the secured parties signatory hereto (the “Secured
      Parties”).

     

    Preliminary
      Statement

     

    WHEREAS,
      the parties hereto are parties to that certain Security Agreement, dated as
      of
      March 31, 2006 (the “ Security Agreement”); and

     

    WHEREAS,
      the Company and the Secured Parties desire to amend certain provisions of the
      Security Agreement as described herein.

     

    NOW,
      THEREFORE, for good and valuable consideration, the receipt and sufficiency
      of
      which is hereby acknowledged, the parties, intending to be legally bound, hereby
      agree as follows:

     

    1.  Capitalized
      Terms.
      Capitalized terms used, but not defined, herein, shall have the meanings
      ascribed to such terms in the Security Agreement. 

     

    2.  Amendments
      to Security Agreement.

     

    (a)  Notes.

     

    (i)  The
      first
      recital of the Security Agreement is hereby deleted in its entirety and the
      following new recital shall be substituted in lieu thereof:

     

    “WHEREAS,
      the Grantor has issued or will issue the Notes (as defined below) to the Secured
      Parties; and”

     

    (ii)  Notes.
      The
      definition of “Notes” in Section 1.2 of the Security Agreement is hereby deleted
      in its entirety and the following new definition shall be substituted in lieu
      thereof:

     

    “Notes”
means,
      collectively, each of the following, as the same may be amended from time to
      time: (A) the senior secured convertible promissory notes issued to the
      Purchasers pursuant to each Purchase Agreement, and (B) any additional senior
      secured convertible promissory notes issued from time to time as interest on
      the
      outstanding principal balance of the foregoing promissory notes.”

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b)  Purchase
      Agreement.
      The
      following definition of “Purchase Agreement” is hereby added to Section 1.2 of
      the Security Agreement after the definition of “Permitted Liens” and before the
      definition of “Registered Organization”:

     

    “Purchase
      Agreement”
means,
      collectively, each of the following as the same may be amended from time to
      time: (i) that certain Note and Warrant Purchase Agreement, dated as of March
      31, 2006, by and among the Grantor and the Secured Parties, (ii) that certain
      Note and Warrant Purchase Agreement, dated as of April 12, 2006, by and among
      the Grantor and the Secured Parties, and (iii) that certain Note and Warrant
      Purchase Agreement, dated as of September 21, 2007, by and among the Grantor
      and
      the Secured Parties.”

     

    (c)  Pari
      Passu Status of Notes.
      The
      following sentence shall be added to the end of Section 3.3 of the Security
      Agreement:

     

    “Notwithstanding
      anything contained herein to the contrary, all of the senior secured convertible
      promissory notes issued pursuant to each Purchase Agreement shall rank on a
      pari
      passu basis.”

     

    (d)  Permitted
      Liens.

     

    (i)  The
      following definition of “Permitted Liens” is hereby added to Section 1.2 of the
      Security Agreement after the definition of “Obligations” and before the
      definition of “Purchase Agreement”:

     

    “Permitted
      Liens”
means
      (i) purchase money security interests on equipment purchased or leased by the
      Grantor, and (ii) any liens on up to $1 million of the Grantor’s receivables in
      connection with any line of credit, factoring arrangement or other similar
      financing arrangement in connection with servicing the Grantor’s
      receivables.”

     

    (ii)  Clause
      (b) of Section 3.3 of the Security Agreement is hereby amended by adding the
      words “and Permitted Liens” immediately after the words “(“Existing
      Liens”)”.

     

    (iii)  The
      last
      sentence of Section 3.3 of the Security Agreement is hereby amended by adding
      the words “or Permitted Lien” immediately after the words “Existing
      Lien”.

     

    (iv)  The
      first
      sentence of Section 3.4 of the Security Agreement is hereby amended by adding
      the words “and Permitted Liens” at the end of such sentence.

     

    (v)  The
      first
      sentence of Section 4.6 of the Security Agreement is hereby amended by adding
      the words “and Permitted Liens” immediately after the words “Existing
      Liens”.

     

    (vi)  Section
      4.7 of the Security Agreement is hereby deleted in its entirety and the
      following new Section 4.7 shall be substituted in lieu thereof:

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    “Section
      4.7. Use
      and Disposition of Collateral.
      Except
      for, and in connection with, Permitted Liens, the Grantor shall not make or
      permit to be made an assignment, pledge or hypothecation of any Collateral
      or
      shall grant any other Lien in respect of the Collateral without the prior
      written consent of the Secured Parties. The Grantor shall not make or permit
      to
      be made any transfer of any Collateral other than with respect to Existing
      Liens, Permitted Liens and other liens approved by the Secured Parties, and
      the
      Grantor shall remain at all times in possession of the Collateral owned by
      it.”

     

    (vii)  The
      parenthetical clause in the first sentence of Section 6.1 of the Security
      Agreement is hereby amended by adding the words “and Permitted Liens”
immediately after the words “Existing Liens”.

     

    3.  Ratification.
      Except
      as expressly amended hereby, all of the terms, provisions and conditions of
      the
      Security Agreement are hereby ratified and confirmed in all respects by each
      party hereto and, except as expressly amended hereby, are, and hereafter shall
      continue, in full force and effect.

     

    4.  Entire
      Agreement.
      This
      Amendment and the Security Agreement, as amended, constitute the entire
      agreement of the parties with respect to the subject matter hereof and supersede
      all prior and contemporaneous agreements and understandings, both written and
      oral, between the parties with respect thereto.

     

    5.  Amendments.
      No
      amendment, supplement, modification or waiver of this Amendment shall be binding
      unless executed in writing by all parties hereto.

     

    6.  Counterparts.
      This
      Amendment may be executed in two or more counterparts, each of which shall
      constitute an original but all of which when taken together shall constitute
      but
      one contract. Each party shall be entitled to rely on a facsimile signature
      of
      any other party hereunder as if it were an original.

     

    7.  Governing
      Law.
      This
      Amendment shall be governed by and construed in accordance with the internal
      laws of the State of New York, without giving effect to any of the conflicts
      of
      law principles which would result in the application of the substantive law
      of
      another jurisdiction. 

     

    8.  Successors
      and Assigns.
      This
      Amendment shall be binding upon and inure to the benefit of the parties hereto
      and their respective successors and assigns.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

 

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

     

    
      	 	 	 
	 	
              GLOWPOINT, INC.

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
	 	Title:

    

     

     

     

    Acknowledged
      and agreed:

     

    COLLATERAL
      AGENT:

     

    [BUSH
      ROSS, P.A.]

     

    By:
      __________________________________     

       Name:

       Title:

     

    Signature
      Page to Amendment No. 1 to Security
      Agreement

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

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

    
      	 	 	 
	 	SECURED PARTY:
	 	 
	 	
            
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
	 	Title:

    

     

     

    
      Signature
        Page to Amendment No. 1 to Security
        Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]