Document:

Stock Pledge Agmt

 Exhibit 10.30 
 STOCK PLEDGE AGREEMENT 
 THIS STOCK PLEDGE
AGREEMENT (this “Agreement”), dated as of November 17, 2010, by and between LV Administrative Services, Inc., as Administrative and Collateral Agent for the Lenders (the “Pledgee”), and Accentia
Biopharmaceuticals, Inc., a Florida corporation (the “Pledgor”). 
 BACKGROUND 

Pledgor has entered into that certain Limited Guaranty dated as of the date hereof (as amended, restated, modified and/or
supplemented from time to time, the “Limited Guaranty”), pursuant to which Pledgor has guaranteed, subject to the conditions of the Limited Guaranty, the obligations of Biovest International, Inc. (the “Issuer”)
arising under, out of or in connection with (a) the Term Loan and Security Agreement dated as of November 17, 2010 (as amended, restated, modified and/or supplemented from time to time, the “Security Agreement”), by and
among the Issuer, the Lenders and the Pledgee (Pledgee and the Lenders, each a “Creditor Party” and collectively, the “Creditor Parties”), and (b) each Ancillary Agreement (other than the Biovest Contingent
Payment Agreement) referred to in the Security Agreement. 
 In order to induce the Pledgee to provide or
continue to provide the financial accommodations described in the Security Agreement, and pursuant to the Limited Guaranty, the Pledgor has agreed to pledge and grant a security interest in the collateral described herein to the Pledgee, for the
ratable benefit of the Creditor Parties, on the terms and conditions set forth herein. 
 NOW, THEREFORE,
in consideration of the premises and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows: 

1.        Defined Terms.  All capitalized terms used herein
which are not defined shall have the meanings given to them in the Security Agreement. For purposes of this Agreement, the term “Document” shall have the meaning ascribed thereto in the Limited Guaranty. 

2.        Pledge and Grant of Security Interest.  To secure the
full and punctual payment and performance of the Pledgor’s obligations under the Limited Guaranty (the “Obligations”), the Pledgor hereby pledges, assigns, hypothecates, transfers and grants a security interest to Pledgee, for
the ratable benefit of the Creditor Parties, in all of the following (the “Collateral”): 

(a)        the shares of stock or other equity interests set forth on Schedule
A annexed hereto and expressly made a part hereof (the “Pledged Stock”), the certificates representing the Pledged Stock and all dividends, cash, instruments and other property or proceeds from time to time received, receivable
or otherwise distributed in respect of or in exchange for any or all of the Pledged Stock; 

(b)        all additional shares of stock or other equity interests of the Issuer
from time to time acquired by the Pledgor in connection with stock dividends on the Pledged Stock or a distribution with respect to the Pledged Stock in connection with any increase or reduction of capital, reclassification, merger, consolidation,
sale of assets, combination of shares, stock split, 

  

 
spin-off or split-off (which shares shall be deemed to be part of the Collateral), and the certificates representing such additional shares, and all dividends, cash, instruments and other
property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such shares; and 
 (c)        all options and rights, whether as an addition to, in substitution of or in exchange for any shares of any Pledged Stock and all dividends, cash,
instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all such options and rights. 

3.        Delivery of Collateral.  All certificates representing
or evidencing the Pledged Stock shall be delivered to and held by or on behalf of Pledgee pursuant hereto and shall be accompanied by duly executed instruments of transfer or assignments in blank, all in form and substance satisfactory to Pledgee.
The Pledgor hereby authorizes the Issuer upon demand by the Pledgee to deliver any certificates, instruments or other distributions issued in connection with the Collateral directly to the Pledgee, in each case to be held by the Pledgee, subject to
the terms hereof. Upon the occurrence and during the continuance of an Event of Default (as defined below), the Pledgee shall have the right, during such time in its discretion and without notice to the Pledgor, to transfer to or to register in the
name of the Pledgee or any of its nominees any or all of the Pledged Stock. In addition, the Pledgee shall have the right at such time to exchange certificates or instruments representing or evidencing Pledged Stock for certificates or instruments
of smaller or larger denominations. 
 4.        Representations and
Warranties of Pledgor.  Pledgor represents and warrants to the Pledgee (which, except as otherwise provided below, representations and warranties shall be deemed to continue to be made until all of the Obligations have been paid in
full and each Document and each agreement and instrument entered into in connection therewith has been irrevocably terminated) that: 
 (a)        the execution, delivery and performance by the Pledgor of this Agreement and the pledge of the Collateral hereunder do not and will not result in any
violation of any agreement, indenture, instrument, license, judgment, decree, order, law, statute, ordinance or other governmental rule or regulation applicable to the Pledgor; 

(b)        this Agreement constitutes the legal, valid, and binding obligation of
the Pledgor enforceable against the Pledgor in accordance with its terms; 

(c)        (i)  all Pledged Stock owned by the Pledgor is set forth on
Schedule A hereto and (ii) the Pledgor is the direct and beneficial owner of each share of the Pledged Stock; 
 (d)        all of the shares of the Pledged Stock have been duly authorized, validly issued and are fully paid and nonassessable; 

(e)        no consent or approval of any person, corporation, governmental body,
regulatory authority or other entity is or will be necessary for (i) the execution, delivery and performance of this Agreement, (ii) the exercise by the Pledgee of any rights with respect to the Collateral or (iii) the pledge and
assignment of, and the grant of a security interest in, the Collateral hereunder; 

  
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 (f)        there are no pending or,
to the best of the Pledgor’s knowledge, threatened actions or proceedings before any court, judicial body, administrative agency or arbitrator which may materially adversely affect the Collateral; 

(g)        the Pledgor has the requisite power and authority to enter into this
Agreement and to pledge and assign the Collateral to the Pledgee in accordance with the terms of this Agreement; 
 (h)        the Pledgor owns each item of the Collateral and, except for the pledge and security interest granted to Pledgee hereunder, the Collateral shall be,
immediately following the closing of the transactions contemplated by the Documents, free and clear of any other security interest, mortgage, pledge, claim, lien, charge, hypothecation, assignment, offset or encumbrance whatsoever (collectively,
“Liens”); 
 (i)        there are no restrictions on
transfer of the Pledged Stock contained in the certificate of incorporation or by-laws (or equivalent organizational documents) of the Issuer or otherwise which have not otherwise been enforceably and legally waived by the necessary parties;

 (j)        none of the Pledged Stock has been issued or transferred
in violation of the securities registration, securities disclosure or similar laws of any jurisdiction to which such issuance or transfer may be subject; 
 (k)        the pledge and assignment of the Collateral and the grant of a security interest under this Agreement vest in the Pledgee all rights of the Pledgor in
the Collateral as contemplated by this Agreement; and 
 (l)        the
Pledgor holds additional shares of capital stock of the Issuer which have been pledged to the parties set forth on Schedule B annexed hereto and expressly made a part hereof (the “Third Party Pledged Stock”). Other than the
Pledged Stock, the Third Party Pledged Stock and the shares of capital stock of the Issuer to be received under the Confirmed Plan, the Pledgor does not own any shares of capital stock of the Issuer. 

5.        Covenants.  The Pledgor covenants that, until the
Obligations shall be indefeasibly satisfied in full and each Document and each agreement and instrument entered into in connection therewith is irrevocably terminated: 

(a)        the Pledgor will not sell, assign, transfer, convey, or otherwise
dispose of its rights in or to the Collateral or any interest therein; nor will the Pledgor create, incur or permit to exist any Lien whatsoever with respect to any of the Collateral or the proceeds thereof other than that created by this Agreement;

 (b)        the Pledgor will, at its expense, defend Pledgee’s
right, title and security interest in and to the Collateral against the claims of any other party; 

(c)        the Pledgor shall at any time, and from time to time, upon the written
request of Pledgee, execute and deliver such further documents and do such further acts and things as Pledgee may reasonably request in order to effectuate the purposes of this Agreement 

  
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including, but without limitation, delivering to Pledgee, upon the occurrence of an Event of Default, irrevocable proxies in respect of the Collateral in form satisfactory to Pledgee. Until
receipt thereof, upon an Event of Default that has occurred and is continuing beyond any applicable grace period, this Agreement shall constitute the Pledgor’s proxy to Pledgee or its nominee to vote all shares of Collateral then registered in
the Pledgor’s name; and 
 (d)        the Pledgor will not consent
to or approve the issuance (i) to the Pledgor of any additional shares of any class of capital stock or other equity interests of the Issuer, except as provided in the Confirmed Plan; or (ii) to the Pledgor of any securities convertible
either voluntarily by the holder thereof or automatically upon the occurrence or nonoccurrence of any event or condition into, or any securities exchangeable for, any such shares, unless, in either case, such shares (excluding any shares received by
the Pledgor pursuant to the Confirmed Plan) are pledged as Collateral pursuant to this Agreement. 

6.        Voting Rights and Dividends.  In addition to the
Pledgee’s rights and remedies set forth in Section 8 hereof, in case an Event of Default shall have occurred and be continuing, beyond any applicable cure period, the Pledgee shall (i) be entitled to vote the Collateral, (ii) be
entitled to give consents, waivers and ratifications in respect of the Collateral (the Pledgor hereby irrevocably constituting and appointing the Pledgee, with fill power of substitution, the proxy and attorney-in-fact of the Pledgor for such
purposes) and (iii) be entitled to collect and receive for its own use cash dividends paid on the Collateral. The Pledgor shall not be permitted to exercise or refrain from exercising any voting rights or other powers if, in the reasonable
judgment of the Pledgee, such action would have a material adverse effect on the value of the Collateral or any part thereof; and, provided, further, that the Pledgor shall give at least five (5) days’ written notice of the manner in which
the Pledgor intends to exercise, or the reasons for refraining from exercising, any voting rights or other powers other than with respect to any election of directors and voting with respect to any incidental matters. Following the occurrence of an
Event of Default, all dividends and all other distributions in respect of any of the Collateral shall be delivered to the Pledgee to hold as Collateral and shall, if received by the Pledgor, be received in trust for the benefit of the Pledgee, and
be forthwith delivered to the Pledgee as Collateral in the same form as so received (with any necessary endorsement). 
 7.        Event of Default.  An “Event of Default” under this Agreement shall occur upon the happening of any of the following
events: 
 (a)        An “Event of Default” under and as
defined in any Document shall have occurred and be continuing beyond any applicable cure period; 

(b)        The Pledgor shall default in the performance of any of its obligations
under any Document, including, without limitation, this Agreement, and such default shall not be cured during the cure period applicable thereto, and the result of which has had, or could reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect; 
 (c)        Any representation
or warranty of the Pledgor made herein, in any Document or in any agreement, statement or certificate given in writing pursuant hereto or thereto or in connection herewith or therewith shall be false or misleading in any material respect, and the
result of which, in the case of a breach of the representations and warranties 

  
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contained in Section 4(a) or (f), has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; 

(d)        Any portion of the Collateral is subjected to a levy of execution,
attachment, distraint or other judicial process or any portion of the Collateral is the subject of a claim (other than by the Pledgee) of a Lien or other right or interest in or to the Collateral and such levy or claim shall not be cured, disputed
or stayed within a period of thirty (30) days after the occurrence thereof; or 

(e)        The Pledgor shall (i) apply for, consent to, or suffer to exist
the appointment of, or the taking of possession by, a receiver, custodian, trustee, liquidator or other fiduciary of itself or of all or a substantial part of its property, (ii) make a general assignment for the benefit of creditors,
(iii) commence a voluntary case under any state or federal bankruptcy laws (as now or hereafter in effect), (iv) be adjudicated a bankrupt or insolvent, (v) file a petition seeking to take advantage of any other law providing for the
relief of debtors, (vi) acquiesce to, or fail to have dismissed, within thirty (30) days, any petition filed against it in any involuntary case under such bankruptcy laws, or (vii) take any action for the purpose of effecting any of
the foregoing. 
 8.        Remedies.  In case an Event
of Default shall have occurred and is continuing, the Pledgee may: 

(a)        Transfer any or all of the Collateral into its name, or into the name
of its nominee or nominees; 
 (b)        Exercise all corporate rights
with respect to the Collateral including, without limitation, all rights of conversion, exchange, subscription or any other rights, privileges or options pertaining to any shares of the Collateral as if it were the absolute owner thereof, including,
but without limitation, the right to exchange, at its discretion, any or all of the Collateral upon the merger, consolidation, reorganization, recapitalization or other readjustment of the Issuer thereof, or upon the exercise by the Issuer of any
right, privilege or option pertaining to any of the Collateral, and, in connection therewith, to deposit and deliver any and all of the Collateral with any committee, depository, transfer agent, registrar or other designated agent upon such terms
and conditions as it may determine, all without liability except to account for property actually received by it; and 
 (c)        Subject to any requirement of applicable law, sell, assign and deliver the whole or, from time to time, any part of the Collateral at the time held by
the Pledgee, at any private sale or at public auction, with or without demand, advertisement or notice of the time or place of sale or adjournment thereof or otherwise (all of which are hereby waived, except such notice as is required by applicable
law and cannot be waived), for cash or credit or for other property for immediate or future delivery, and for such price or prices and on such terms as the Pledgee in its sole discretion may determine, or as may be required by applicable law.

 The Pledgor hereby waives and releases any and all right or equity of redemption, whether before or after
sale hereunder. At any such sale, unless prohibited by applicable law, the Pledgee may bid for and purchase the whole or any part of the Collateral so sold free from any 

  
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such right or equity of redemption. All moneys received by the Pledgee hereunder, whether upon sale of the Collateral or any part thereof or otherwise, shall be held by the Pledgee and applied by
it as provided in Section 10 hereof. No failure or delay on the part of the Pledgee in exercising any rights hereunder shall operate as a waiver of any such rights nor shall any single or partial exercise of any such rights preclude any other
or future exercise thereof or the exercise of any other rights hereunder. The Pledgee shall have no duty as to the collection or protection of the Collateral or any income thereon nor any duty as to preservation of any rights pertaining thereto,
except to apply the funds in accordance with the requirements of Section 10 hereof. The Pledgee may exercise its rights with respect to property held hereunder without resort to other security for or sources of reimbursement for the
Obligations. In addition to the foregoing, Pledgee shall have all of the rights, remedies and privileges of a secured party under the Uniform Commercial Code of New York (the “UCC”) regardless of the jurisdiction in which
enforcement hereof is sought. 
 9.        Private
Sale.  The Pledgor recognizes that the Pledgee may be unable to effect (or to do so only after delay which would adversely affect the value that might be realized from the Collateral) a public sale of all or part of the Collateral by
reason of certain prohibitions contained in the Securities Act, and may be compelled to resort to one or more private sales to a restricted group of purchasers who will be obliged to agree, among other things, to acquire such Collateral for their
own account, for investment and not with a view to the distribution or resale thereof. The Pledgor agrees that any such private sale may be at prices and on terms less favorable to the seller than if sold at public sales provided that such private
sales shall have been made in a commercially reasonable manner. The Pledgor agrees that the Pledgee has no obligation to delay sale of any Collateral for the period of time necessary to permit the Issuer to register the Collateral for public sale
under the Securities Act. 
 10.      Proceeds of
Sale.    The proceeds of any collection, recovery, receipt, appropriation, realization or sale of the Collateral shall be applied by the Pledgee as follows: 

(a)        First, to the payment of all costs, reasonable expenses and charges of
the Pledgee and to the reimbursement of the Pledgee for the prior payment of such costs, reasonable expenses and charges incurred in connection with the care and safekeeping of the Collateral (including, without limitation, the reasonable expenses
of any sale or any other disposition of any of the Collateral), attorneys’ fees and reasonable expenses, court costs, any other fees or expenses incurred or expenditures or advances made by Pledgee in the protection, enforcement or exercise of
its rights, powers or remedies hereunder; 
 (b)        Second, to the
payment of the Obligations, in whole or in part, in such order as the Pledgee may elect, whether or not such Obligations are then due; 
 (c)        Third, to such persons, firms, corporations or other entities as required by applicable law including, without limitation, Section 9-615(a)(3) of
the UCC; and 
 (d)        Fourth, to the extent of any surplus to the
Pledgor or as a court of competent jurisdiction may direct. 

  
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 In the event that the proceeds of any collection, recovery, receipt,
appropriation. realization or sale are insufficient to satisfy the Obligations, the Pledgor shall be liable for the deficiency plus the costs and fees of any attorneys employed by Pledgee to collect such deficiency. 

11.        Waiver of Marshaling.  The Pledgor hereby waives any
right to compel any marshaling of any of the Collateral. 

12.        No Waiver.  Any and all of the Pledgee’s rights
with respect to the Liens granted under this Agreement shall continue unimpaired, and the Pledgor shall be and remain obligated in accordance with the terms hereof, notwithstanding (a) the bankruptcy, insolvency or reorganization of the
Pledgor, (b) the release or substitution of any item of the Collateral at any time, or of any rights or interests therein, or (c) any delay, extension of time, renewal, compromise or other indulgence granted by the Pledgee in reference to
any of the Obligations. The Pledgor hereby waives all notice of any such delay, extension, release, substitution, renewal, compromise or other indulgence, and hereby consents to be bound hereby as fully and effectively as if the Pledgor had
expressly agreed thereto in advance. No delay or extension of time by the Pledgee in exercising any power of sale, option or other right or remedy hereunder, and no failure by the Pledgee to give notice or make demand, shall constitute a waiver
thereof, or limit, impair or prejudice the Pledgee’s right to take any action against the Pledgor or to exercise any other power of sale, option or any other right or remedy. 

13.        Expenses.  The Collateral shall secure, and the
Pledgor shall pay to Pledgee on demand, from time to time, all reasonable costs and expenses, (including but not limited to, reasonable attorneys’ fees and costs, taxes, and all transfer, recording, filing and other charges) for, or incidental
to, the custody, care, transfer, administration of the Collateral or any other collateral, or in any way relating to the enforcement, protection or preservation of the rights or remedies of the Pledgee under this Agreement or with respect to any of
the Obligations. 
 14.        The Pledgee Appointed Attorney-In-Fact
and Performance by the Pledgee.  Upon the occurrence of an Event of Default, the Pledgor hereby irrevocably constitutes and appoints the Pledgee as the Pledgor’s true and lawful attorney-in-fact, with full power of substitution,
to execute, acknowledge and deliver any instruments and to do in the Pledgor’s name, place and stead, all such acts, things and deeds for and on behalf of and in the name of the Pledgor, which the Pledgor could or might do or which the Pledgee
may deem necessary, desirable or convenient to accomplish the purposes of this Agreement, including, without limitation, to execute such instruments of assignment or transfer or orders and to register, convey or otherwise transfer title to the
Collateral into the Pledgee’s name. The Pledgor hereby ratifies and confirms all that said attorney-in-fact may so do and hereby declares this power of attorney to be coupled with an interest and irrevocable. If the Pledgor fails to perform any
agreement herein contained, the Pledgee may itself perform or cause performance thereof, and any costs and expenses of the Pledgee incurred in connection therewith shall be paid as provided in Section 10 hereof. 

15.        Recapture.  Notwithstanding anything to the contrary
in this Agreement, if the Pledgee receives any payment or payments on account of the Obligations, which payment or payments or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be
repaid to a trustee, receiver, or any other party under 

  
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the United States Bankruptcy Code, as amended, or any other federal or state bankruptcy. reorganization, moratorium or insolvency law relating to or affecting the enforcement of creditors’
rights generally, common law or equitable doctrine, then to the extent of any sum not finally retained by the Pledgee, the Pledgor’s obligations to the Pledgee shall be reinstated and this Agreement shall remain in full force and effect (or be
reinstated) until payment shall have been made to Pledgee, which payment shall be due on demand. 

16.        Captions.  All captions in this Agreement are
included herein for convenience of reference only and shall not constitute part of this Agreement for any other purpose. 
 17.        Miscellaneous. 
 (a)        This Agreement constitutes the entire and final agreement among the parties with respect to the subject matter hereof and may not be changed, terminated
or otherwise varied except by a writing duly executed by the parties hereto. 

(b)        No waiver of any term or condition of this Agreement, whether by
delay, omission or otherwise, shall be effective unless in writing and signed by the party sought to be charged, and then such waiver shall be effective only in the specific instance and for the purpose for which given. 

(c)        In the event that any provision of this Agreement or the application
thereof to the Pledgor or any circumstance in any jurisdiction governing this Agreement shall, to any extent, be invalid or unenforceable under any applicable statute, regulation, or rule of law, such provision shall be deemed inoperative to the
extent that it may conflict therewith and shall be deemed modified to conform to such statute, regulation or rule of law, and the remainder of this Agreement and the application of any such invalid or unenforceable provision to parties,
jurisdictions, or circumstances other than to whom or to which it is held invalid or unenforceable shall not be affected thereby, nor shall same affect the validity or enforceability of any other provision of this Agreement. 

(d)        This Agreement shall be binding upon the Pledgor, and the
Pledgor’s successors and assigns, and shall inure to the benefit of the Pledgee and its successors and assigns. 
 (e)        Any notice or other communication required or permitted pursuant to this Agreement shall be given in accordance with the Limited Guaranty. 

(f)        THIS AGREEMENT AND THE OTHER DOCUMENTS SHALL BE GOVERNED BY AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN SUCH STATE, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. 

(g)        THE PLEDGOR HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL
COURTS LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN THE PLEDGOR, ON THE ONE HAND, AND 

  
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THE PLEDGEE, ON THE OTHER HAND, PERTAINING TO THIS AGREEMENT OR ANY OF THE OTHER DOCUMENTS OR TO ANY MATTER ARISING OUT OF OR RELATED TO THIS AGREEMENT OR ANY OF THE OTHER DOCUMENTS,
PROVIDED, THAT THE PLEDGOR ACKNOWLEDGES THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF THE COUNTY OF NEW YORK, STATE OF NEW YORK; AND FURTHER PROVIDED, THAT NOTHING IN THIS AGREEMENT SHALL BE
DEEMED OR OPERATE TO PRECLUDE THE PLEDGEE FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO COLLECT THE INDEBTEDNESS, TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE INDEBTEDNESS, OR TO ENFORCE A JUDGMENT OR
OTHER COURT ORDER IN FAVOR OF THE PLEDGEE. THE PLEDGOR EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND THE PLEDGOR HEREBY WAIVES ANY OBJECTION THAT IT MAY HAVE BASED UPON LACK OF
PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS. THE PLEDGOR HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINT AND
OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO THE PLEDGOR AT THE ADDRESS SET FORTH IN THE LIMITED GUARANTY AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER OF THE PLEDGOR’S ACTUAL RECEIPT THEREOF OR
THREE (3) DAYS AFTER DEPOSIT IN THE U.S. MAIL, PROPER POSTAGE PREPAID. 

(h)        Waivers.  THE PARTIES HERETO DESIRE THAT THEIR
DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, SUIT, OR
PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER ARISING IN CONTRACT, TORT, OR OTHERWISE BETWEEN PLEDGEE AND/OR THE PLEDGOR ARISING OUT OF, CONNECTED WITH, RELATED OR. INCIDENTAL TO THE RELATIONSHIP ESTABLISHED BETWEEN THEM IN CONNECTION WITH THIS
AGREEMENT, ANY OTHER DOCUMENT OR THE TRANSACTIONS RELATED HERETO OR THERETO. 

(i)        It is understood and agreed that any person or entity that desires to
become a Pledgor hereunder, or is required to execute a counterpart of this Agreement after the date hereof pursuant to the requirements of any Document, shall become a Pledgor hereunder by (i) executing a Joinder Agreement in form and
substance satisfactory to the Pledgee, (ii) delivering supplements to such exhibits and annexes to such Documents as the Pledgee shall reasonably request and/or set forth in such joinder agreement and (iii) taking all actions as specified
in this Agreement as would have been taken by the Pledgor had it been an original party to this Agreement, in each case with all documents required above to be delivered to the Pledgee and with all documents and actions required above to be taken to
the reasonable satisfaction of the Pledgee. 

  
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 (j)        This Agreement may be
executed in one or more counterparts, each of which shall be deemed an original, and all of which when taken together shall constitute one and the same agreement. Any signature delivered by a party by facsimile transmission or other electronic
transmission shall be deemed an original signature hereto. 

(k)        Notwithstanding anything herein to the contrary, the total liability
of Pledgor with respect to the Limited Guaranty, this Agreement, the Accentia Subordination Agreement, the Security Agreement, and any other Ancillary Agreement thereunder (including any intellectual property security agreements), as relates solely
to the Obligations of the Issuer to the Creditor Parties, shall in no event exceed $4,991,360 in the aggregate, and this Agreement shall not be enforceable to the extent that the enforcement hereof would create, cause, or result in liability in
excess of such amount. Notwithstanding the limitation of liability set forth in the first sentence of this Section 17(k), in no event shall such limitation relate to the direct obligations of Pledgor to the Creditor Parties under the Accentia
Security Agreement and the Accentia Term Notes and the other Ancillary Agreements under the Accentia Security Agreement. 

[Remainder of Page Intentionally Left Blank] 

  
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 IN WITNESS WHEREOF, the parties have duly executed this Stock Pledge
Agreement as of the day and year first written above. 
  

			
	 ACCENTIA BIOPHARMACEUTICALS,
 INC.

		
	By:	 	 /s/ Samuel S.
Duffey

			
	Name:	 	Samuel S. Duffey

			
	Title:	 	  President

			
	
	LV ADMINISTRATIVE SERVICES, INC.
		
	By:	 	 /s/ Patrick
Regan

			
	Name:	 	 Patrick
Regan

			
	Title:	 	   Authorized Signatory

  
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 SCHEDULE A 

Pledged Stock* 
  

											
	 Pledgor

 
	 	 Issuer

 
	 	 Class of

Stock
	 	 Stock

Certificate
 No.

 
	 	 Par Value

 
	 	 Number
of
 Shares
  

	
Accentia
 Biopharmaceuticals,

Inc.
	 	 Biovest
 International,
 Inc.
	 	 Common
 Stock
	 	     BI2228

    BI2229

    BI2230

    BI2449
	 	 $.01

$.01

$.01

$.01
	 	
5,000,000

5,000,000

10,000,000

115,818

Total:

20,115,818

 * Following the Effective Date, the Pledged Stock will be evidenced by one (1) certificate for 20,115,818 shares of Common Stock of Biovest International, Inc. 

  
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 SCHEDULE B 

Third Party Pledged Stock 
  

													
	 Pledgor

 
	 	 Third Party

Pledgee
	 	 Issuer

 
	 	 Class of

Stock
	 	 Stock 

Certificate

No.
  
	 	 Par

Value
	 	 Number of
Shares

 

	
Accentia
 Biopharmaceuticals,

Inc.
	 	 Southwest

Bank
	 	 Biovest

International,
 Inc.
	 	 Common

Stock
	 	BI2385	 	$.01	 	15,000,000
	 Accentia
 Biopharmaceuticals,
 Inc.
	 	 McKesson
 Corporation
	 	 Biovest
 International,
 Inc.
	 	 Common
 Stock
	 	BI2384	 	$.01	 	18,000,000
	
Accentia
 Biopharmaceuticals,

Inc.
	 	 September

2006
 Debenture

Holders
	 	 Biovest

International,
 Inc.
	 	 Common

Stock
	 	BI2230	 	$.01	 	18,000,000
	 Accentia

Biopharmaceuticals,
 Inc.
	 	BDSI warrant	 	 Biovest
 International,
 Inc.
	 	 Common
 Stock
	 	BI2451	 	$.01	 	  2,000,000

  
 13 

 STOCK POWER 
 The undersigned, for good and valuable consideration, does hereby transfer and assign              shares of common stock of Biovest
International, Inc. (the “Company”), represented by the attached certificate numbers      ( the “Shares”) to
                                        
and does hereby irrevocably appoint
                                        
as its attorney in fact to transfer said Shares on the books of the Company with full power of substitution in the premises. 
 Dated:
                             

 

	
	Accentia Biopharmaceuticals, Inc.
	
	By:
                                    
	Name:
	Title:

  
 14 

 Stock Certificates 
 See attached. 

  
 15Security Agmt

 Exhibit 10.31 
 SECURITY AGREEMENT 
  

	To:	     LV Administrative Services, Inc., as Administrative and Collateral Agent (“Agent”)

	  	     875 Third Avenue, 3rd Floor 

	  	     New York, NY 10022 

 Date: November 17, 2010 
 To Whom It May Concern: 

1.        To secure the payment of all of the Assignor Obligations (as defined
below), Analytica International, Inc., a Florida corporation (the “Assignor”), hereby assigns and grants to the Agent, for the ratable benefit of the Lenders, a continuing security interest in and to all of the following property
now owned or at any time hereafter acquired by Assignor, or in which Assignor now has or at any time in the future may acquire any right, title or interest (the “Collateral”): all cash, cash equivalents, accounts, accounts
receivable, deposit accounts, inventory, equipment, goods, fixtures, documents, instruments (including, without limitation, promissory notes), contract rights, commercial tort claims set forth on Schedule B attached hereto, general
intangibles (including, without limitation, payment intangibles and an absolute right to license on terms no less favorable than those currently in effect among Assignor’s affiliates), chattel paper, supporting obligations, investment property
(including, without limitation, all partnership interests, limited liability company membership interests and all other equity interests owned by Assignor), letter-of-credit rights, trademarks, trademark applications, tradestyles, patents, patent
applications, copyrights, copyright applications and other intellectual property in which Assignor now has or hereafter may acquire any right, title or interest, all proceeds and products thereof (including, without limitation, proceeds of
insurance) and all additions, accessions and substitutions thereto or therefor. 

2.        Except as otherwise defined herein, all capitalized terms used herein
shall have the meanings provided such terms in the Term Loan and Security Agreement dated as of November 17, 2010 by and among Accentia Biopharmaceuticals, Inc. (“Accentia”) and the Creditor Parties (as amended, modified or
supplemented from time to time, the “Security Agreement”), as applicable. All items of Collateral which are defined in the UCC shall have the meanings set forth in the UCC. For purposes hereof, the term “UCC” means
the Uniform Commercial Code as the same may, from time to time, be in effect in the State of New York; provided, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of, or remedies
with respect to, the Agent’s security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code
as in effect in such other jurisdiction for purposes of the provisions of this Agreement relating to such attachment, perfection, priority or remedies and for purposes of definitions related to such provisions; provided further, that to the extent
that the UCC is used to define any term herein and such term is defined differently in different Articles or Divisions of the UCC, the definition of such term contained in Article or Division 9 shall govern. 

 3.        The term “Assignor
Obligations” as used herein shall mean and include all debts, liabilities and obligations owing by Assignor to any Lender arising under, out of, or in connection with the Analytica Guaranty (and any documents entered into in connection
therewith, as each may be amended, modified, restated or supplemented from time to time, collectively, the “Documents”), and in connection with any documents, instruments or agreements relating to or executed in connection with the
Documents or any documents, instruments or agreements referred to therein or otherwise, and in connection with any other indebtedness, obligations or liabilities of Assignor to any Creditor Party, whether now existing or hereafter arising, direct or
indirect, liquidated or unliquidated, absolute or contingent, due or not due and whether under, pursuant to or evidenced by a note, agreement, guaranty, instrument or otherwise, including, without limitation, obligations and liabilities of Assignor
for post-petition interest, fees, costs and charges that accrue after the commencement of any case by or against Assignor under any bankruptcy, insolvency, reorganization or like proceeding (collectively, the “Debtor Relief Laws”)
in each case, irrespective of the genuineness, validity, regularity or enforceability of such Assignor Obligations, or of any instrument evidencing any of the Assignor Obligations or of any collateral therefor or of the existence or extent of such
collateral, and irrespective of the allowability, allowance or disallowance of any or all of the Assignor Obligations in any case commenced by or against Assignor under any Debtor Relief Law. 

4.        Assignor hereby represents, warrants and covenants to Agent, for itself
and for the benefit of each Lender, that: 
  

	 	 (a)	 its legal name is as set forth in its Articles of Incorporation or other organizational document (as applicable) as amended through the date hereof
and as set forth on Schedule A attached hereto, and it will provide the Agent thirty (30) days’ prior written notice of any change in its legal name; 

 

	 	 (b)	 its organizational identification number (if applicable) is as set forth on Schedule A hereto, and it will provide the Agent thirty
(30) days’ prior written notice of any change in its organizational identification number; 

  

	 	 (c)	 Assignor hereby indemnifies and saves the Agent and each Lender harmless from all loss, costs, damage, liability and/or expense, including
reasonable attorneys’ fees, that the Agent and each Lender may sustain or incur to enforce payment, performance or fulfillment of any of the Assignor Obligations and/or in the enforcement of this Agreement or in the prosecution or defense of
any action or proceeding either against the Agent, any Lender or Assignor concerning any matter growing out of or in connection with this Agreement, and/or any of the Assignor Obligations and/or any of the Collateral except to the extent caused by
the Agent’s or any Lender’s own gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision); and 

 

	 	 (d)	 all commercial tort claims (as defined in the UCC as in effect in the State of New York) held by Assignor are set forth on Schedule B to this

  
 2 

	 	 
Agreement; Assignor hereby agrees that it shall promptly, and in any event within five (5) Business Days after the same is acquired by it, notify the Agent of any commercial tort claim
acquired by it and unless otherwise consented to in writing by the Agent, it shall enter into a supplement to this Agreement granting to the Agent a security interest for the ratable benefit of the Agent and the Lenders in such commercial tort
claim, securing the Assignor Obligations. 

5.        Upon the occurrence of any Event of Default, the Agent shall have the
remedies of a secured party provided under the UCC as in effect in the State of New York, this Agreement, the Security Agreement, the Ancillary Agreements and other applicable law. Upon the occurrence of any Event of Default and at any time
thereafter, the Agent will have the right to take possession of the Collateral and to maintain such possession on Assignor’s premises or to remove the Collateral or any part thereof to such other premises as the Agent may desire. Upon the
Agent’s request, Assignor shall assemble or cause the Collateral to be assembled and make it available to the Agent at a place designated by the Agent. The Agent may, if it so elects, seek the appointment of a receiver or keeper to take
possession of the Collateral and to enforce any of the Agent’s remedies (for the benefit of the Agent and the Lenders), with respect to such appointment without prior notice or hearing as to such appointment. If any notification of intended
disposition of any Collateral is required by law, such notification, if mailed, shall be deemed properly and reasonably given if mailed at least ten (10) days before such disposition, postage prepaid, addressed to the Assignor either at
Assignor’s address shown herein or at any address appearing on the Agent’s records for Assignor. Any proceeds of any disposition of any of the Collateral shall be applied by the Agent to the payment of all expenses in connection with the
sale of the Collateral, including reasonable attorneys’ fees and other legal expenses and disbursements and the reasonable expenses of retaking, holding, preparing for sale, selling, and the like, and any balance of such proceeds may be applied
by the Agent toward the payment of the Assignor Obligations in such order of application as the Agent may elect, and Assignor shall be liable for any deficiency. For the avoidance of doubt, following the occurrence and during the continuance of an
Event of Default, the Agent shall have the immediate right to withdraw any and all monies contained in any deposit account in the name of Assignor and controlled by the Agent and apply same to the repayment of the Assignor Obligations (in such order
of application as the Agent may elect). The parties hereto each hereby agree that the exercise by any party hereto of any right granted to it or the exercise by any party hereto of any remedy available to it (including, without limitation, the
issuance of a notice of redemption, a borrowing request and/or a notice of default), in each case, hereunder, under the Security Agreement or under any other Ancillary Agreement shall not constitute confidential information and no party shall have
any duty to the other party to maintain such information as confidential. 

6.        If Assignor defaults in the performance or fulfillment of any of the
terms, conditions, promises, covenants, provisions or warranties on Assignor’s part to be performed or fulfilled under or pursuant to this Agreement, the Agent may, at its option without waiving its right to enforce this Agreement according to
its terms, immediately or at any time thereafter and without notice to Assignor, perform or fulfill the same or cause the performance or fulfillment of the same for Assignor’s account and at Assignor’s cost and expense, and the cost and
expense thereof (including reasonable attorneys’ fees) shall be added to the Assignor Obligations and shall be payable on demand with interest thereon at the highest rate permitted by law, or, at the

  
 3 

 
Agent’s option, debited by the Agent from any other deposit accounts in the name of Assignor and controlled by the Agent. 

7.        Assignor hereby appoints the Agent, or any other Person whom the Agent
may designate as Assignor’s attorney, with power to: (a)(i) execute any security related documentation on Assignor’s behalf and to supply any omitted information and correct patent errors in any documents executed by Assignor or on
Assignor’s behalf; (ii) file financing statements against Assignor covering the Collateral (and, in connection with the filing of any such financing statements, describe the Collateral as “all assets and all personal property, whether
now owned and/or hereafter acquired” (or any substantially similar variation thereof)); (iii) during the continuance of an Event of Default, sign Assignor’s name on any invoice or bill of lading relating to any accounts receivable,
drafts against account debtors, schedules and assignments of accounts receivable, notices of assignment, financing statements and other public records, verifications of accounts receivable and notices to or from account debtors; and (iv) during
the continuance of an Event of Default, do all other things the Agent deems necessary to carry out the terms of Section 1 of this Agreement and (b) upon the occurrence and during the continuance of an Event of Default: (i) endorse
Assignor’s name on any checks, notes, acceptances, money orders, drafts or other forms of payment or security that may come into the Agent’s possession; (ii) sign Assignor’s name on any invoice or bill of lading relating to any
accounts receivable, drafts against account debtors, schedules and assignments of accounts receivable, notices of assignment, financing statements and other public records, verifications of accounts receivable and notices to or from account debtors;
(iii) verify the validity, amount or any other matter relating to any accounts receivable by mail, telephone, telegraph or otherwise with account debtors; (iv) do all other things necessary to carry out this Agreement, the Security
Agreement, any other Ancillary Agreement and all other related documents; and (v) notify the post office authorities to change the address for delivery of Assignor’s mail to an address designated by the Agent, and to receive, open and
dispose of all mail addressed to Assignor. Assignor hereby ratifies and approves all acts of the attorney and neither the Agent nor the attorney will be liable for any acts of commission or omission, nor for any error of judgment or mistake of fact
or law other than gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision). This power, being coupled with an interest, is irrevocable so long as any Assignor Obligations
remain unpaid. Assignor agrees to promptly execute any and all documents and to take any and all actions as reasonably requested by Agent to confirm the grant or perfection of the security interest granted herein. 

8.        No delay or failure on the Agent’s part in exercising any right,
privilege or option hereunder shall operate as a waiver of such or of any other right, privilege, remedy or option, and no waiver whatever shall be valid unless in writing, signed by the Agent with the consent of Lenders and then only to the extent
therein set forth, and no waiver by the Agent of any default shall operate as a waiver of any other default or of the same default on a future occasion. The books and records of the Agent containing entries with respect to the Assignor Obligations
shall be admissible in evidence in any action or proceeding, shall be binding upon Assignor for the purpose of establishing the items therein set forth and shall constitute prima facie proof thereof. The Agent, at the direction of the Lenders, shall
have the sole right to enforce this Agreement and to enforce any one or more of the remedies available to the Agent, successively, alternately or concurrently. Assignor agrees to join with the Agent in executing such documents or other

  
 4 

 
instruments to the extent required by the UCC in form satisfactory to the Agent and in executing such other documents or instruments as may be required or deemed necessary by the Agent for
purposes of effecting or continuing the Agent’s security interest in the Collateral. 

9.        The Assignor shall pay all of the Agent’s and each Lender’s
out-of-pocket costs and expenses, including reasonable fees and disbursements of in-house or outside counsel and appraisers, in connection with the prosecution or defense of any action, contest, dispute, suit or proceeding concerning any matter in
any way arising out of, related to or connected with any Document. The Assignor shall also pay all of the Agent’s and each Lender’s reasonable fees, charges, out-of-pocket costs and expenses, including fees and disbursements of counsel and
appraisers, in connection with (a) the preparation, execution and delivery of any waiver, any amendment thereto or consent proposed or executed in connection with the transactions contemplated by the Documents, (b) the Agent’s
obtaining performance of the Assignor Obligations under the Documents, including, but not limited to, the enforcement or defense of the Agent’s security interests, assignments of rights and liens hereunder as valid perfected security interests,
(c) any attempt to inspect, verify, protect, collect, sell, liquidate or otherwise dispose of any Collateral, (d) any appraisals or re-appraisals of any property (real or personal) pledged to the Agent by Assignor as Collateral for, or any
other Person as security for, the Assignor Obligations hereunder and (e) any consultations in connection with any of the foregoing. The Assignor shall also pay the Agent’s and each Lender’s customary bank charges for all bank services
(including wire transfers) performed or caused to be performed by the Agent or any Lender for Assignor at Assignor’s request or in connection with Assignor’s loan account (if any) with the Agent or any Lender. All such costs and expenses
together with all filing, recording and search fees, taxes and interest payable by the Assignor to the Agent shall be payable on demand and shall be secured by the Collateral. If any tax by any nation or government, any state or other political
subdivision thereof, and any agency, department or other entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government (each, a “Governmental Authority”) is or may be
imposed on or as a result of any transaction between Assignor, on the one hand, and the Agent and/or any Lender, on the other hand, which the Agent and/or any Lender is or may be required to withhold or pay, the Assignor hereby indemnifies and holds
the Agent and each Lender harmless in respect of such taxes, and the Assignor will repay to the Agent or such Lender the amount of any such taxes which shall be charged to the Assignor’s account; and until the Assignor shall furnish the Agent
and each Lender with indemnity therefor (or supply the Agent and such Lender with evidence satisfactory to it that due provision for the payment thereof has been made), the Agent and any Lender may hold without interest any balance standing to
Assignor’s credit (if any) and the Agent shall retain its liens in any and all Collateral. 

10.      Among the accounts receivable (the “Accounts”) in which the
Agent, for the ratable benefit of the Lenders, is granted a security interest under the terms of this Agreement are, or may be, Accounts billed and/or to be billed under the trade names or trade styles set forth on the attached Schedule C
(the “Trade Styles”) which Trade Styles are owned by the Assignor. In order to induce the Agent and the Lenders to enter into the transactions contemplated by this Agreement, the Assignor hereby warrants and confirms that for all
purposes, Accounts heretofore or hereafter issued by the Assignor under the applicable Trade Style shall be deemed Accounts of the Assignor and shall be credited to the account of the Assignor with the Agent, for the ratable benefit of the Lenders,
in the same manner that sales under the Assignor’s name are 

  
 5 

 
credited. The Assignor further represents and warrants that the goods and/or services representing Accounts shall in all instances be the goods and/or services of the Assignor and all of the
Agent’s and the Lenders’ rights under this Agreement, the Security Agreement and the Ancillary Agreements are applicable thereto. 
 11.        THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND
PERFORMED IN SUCH STATE, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. All of the rights, remedies, options, privileges and elections given to the Agent hereunder shall inure to the benefit of the Agent’s successors and assigns.

 12.         ASSIGNOR HEREBY CONSENTS AND AGREES THAT THE STATE AND FEDERAL COURTS
LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN ASSIGNOR, ON THE ONE HAND, AND THE AGENT AND/OR ANY LENDER, ON THE OTHER HAND, PERTAINING TO THIS AGREEMENT
OR TO ANY MATTER ARISING OUT OF OR RELATED TO THIS AGREEMENT, PROVIDED, THAT THE AGENT, EACH LENDER AND ASSIGNOR ACKNOWLEDGE THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF THE COUNTY OF NEW YORK, STATE OF NEW
YORK, AND FURTHER PROVIDED, THAT NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE THE AGENT FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO COLLECT, THE ASSIGNOR OBLIGATIONS, TO REALIZE ON THE COLLATERAL
OR ANY OTHER SECURITY FOR THE ASSIGNOR OBLIGATIONS, OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE AGENT. ASSIGNOR EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND
ASSIGNOR HEREBY WAIVES ANY OBJECTION WHICH IT MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS. ASSIGNOR HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED
IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO ASSIGNOR AT THE ADDRESS SET FORTH ON THE SIGNATURE LINES HERETO AND THAT SERVICE SO MADE SHALL
BE DEEMED COMPLETED UPON THE EARLIER OF ASSIGNOR’S ACTUAL RECEIPT THEREOF OR THREE (3) DAYS AFTER DEPOSIT IN THE U.S. MAIL, PROPER POSTAGE PREPAID. 
 THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE
PARTIES HERETO WAIVE ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER ARISING IN CONTRACT, TORT, OR OTHERWISE, BETWEEN THE AGENT AND/OR ANY LENDER AND/OR ASSIGNOR ARISING OUT OF, CONNECTED WITH,

  
 6 

 
RELATED OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED BETWEEN THEM IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS RELATED HERETO. 

13.        This Agreement may be executed in any number of counterparts, each of
which shall be an original, but all of which shall constitute one instrument. Any signature delivered by a party by facsimile or electronic transmission shall be deemed to be an original signature hereto. 

14.        It is understood and agreed that any person or entity that desires to
become an Assignor hereunder, or is required to execute a counterpart of this Agreement after the date hereof pursuant to the requirements of any Document, shall become an Assignor hereunder by (x) executing a Joinder Agreement in form and
substance satisfactory to the Agent, (y) delivering supplements to such exhibits and annexes to such Documents as the Agent shall reasonably request and (z) taking all actions as specified in this Agreement as would have been taken by
Assignor had it been an original party to this Agreement, in each case with all documents required above to be delivered to the Agent and with all documents and actions required above to be taken to the reasonable satisfaction of the Agent.

 15.        All notices from the Agent to Assignor shall be
sufficiently given if mailed or delivered to Assignor’s address set forth below. 
 [Remainder of page intentionally left
blank] 

  
 7 

 
			
	Very truly yours,
	
	ANALYTICA INTERNATIONAL, INC.
		
	By:	 	     /s/ Samuel S. Duffey

		 	Name:    Samuel S. Duffey
		 	Title:      President
	
	Address:
	324 South Hyde Park Avenue, Suite 350
	Tampa, Florida 33606
	Telephone:    813/864-2554
	Facsimile:      813/258-6912
	State of Formation: Florida

  

			
	ACCEPTED and AGREED:
	
	LV ADMINISTRATIVE SERVICES, INC.

			
		
	By:	 	 /s/ Patrick Regan

			
	Name:	 	 Patrick Regan

			
	Title:	 	     Authorized Signatory

 SCHEDULE A 

 

					
	Entity	 	Jurisdiction of Formation	 	 Organizational
 Identification
Number

	 	 	 
	Analytica International, Inc.	 	Florida	 	364511029

 SCHEDULE B 
 COMMERCIAL TORT CLAIMS 
 None 

 SCHEDULE C 
 TRADE STYLES 
 None

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