Document:

Exhibit
10.36

Officer, Director and
Securityholder Lock-Up Agreement

November 13, 2006

Averion International Corp.

225 Turnpike Road

Southborough, Massachusetts 01772

Ladies and Gentlemen:

The undersigned (the “Securityholder”)
understands that Commonwealth Associates, L.P., acting as the placement agent
(the “Placement Agent”), has entered into that certain Placement Agency
Agreement dated October 17, 2006, as amended on November 8, 2006 (the “Agency
Agreement”) with Averion International Corp. (the “Company”),
providing for the private placement (the “Offering”) by the Placement
Agent of the Company’s common stock, par value $0.001 per share (the “Common
Stock” and, such shares in the Offering, the “Shares”).

1.             In
consideration of the Placement Agent’s agreement to act as placement agent and
for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the Securityholder agrees that the Securityholder will
not, without the prior written consent of the Placement Agent, directly or
indirectly offer, sell, pledge, contract to sell (including any short sale),
grant any option to purchase, enter into any contract to sell or otherwise
dispose of or transfer any shares of Common Stock or other equity securities of
the Company (including without limitation, any shares of Common Stock which may
be deemed to be beneficially owned by the Securityholder in accordance with the
rules and regulations of the Securities and Exchange Commission (the “SEC”),
and any shares of Common Stock which may be issued upon exercise of any stock
options or warrants or upon conversion or exchange of any convertible or
exchangeable securities) or any rights, warrants, options or other securities
that are convertible into, or exercisable or exchangeable for, Common Stock
(collectively, “Rights”, which term includes, without limitation, any
shares of preferred stock which are convertible into Common Stock) or enter
into any Hedging Transaction (as defined below) (each of the foregoing referred
to as a “Disposition”) until the earlier of (i) the date on which a
registration statement covering the Shares and the shares of Common Stock
issuable upon exercise of the common stock purchase warrant issued to the
Placement Agent in connection with the Offering (the “Placement Agent Shares”)
is declared effective by the SEC; and (ii) the date on which all of the Shares
and the Placement Agent Shares may be sold in the public market without an
effective registration statement under Rule 144(k) of the Securities Act of
1933, as amended (the “Lock-Up Period”). 
The foregoing restriction is expressly intended to preclude the
Securityholder from engaging in any Hedging Transaction or other transaction
which is designed to or is reasonably expected to lead to or result in a
Disposition during the

Lock-Up
Period even if the securities would be disposed of by someone other than the
Securityholder.  “Hedging Transaction”
means any short sale (whether or not against the box) or any purchase, sale or
grant of any right (including, without limitation, any put or call option) with
respect to any security (other than a broad-based market basket or index) that
includes, relates to or derives any significant part of its value from the
Common Stock or any Rights.  The
foregoing restrictions set forth in this paragraph shall apply to all shares of
Common Stock and all Rights now owned or hereafter acquired by the
Securityholder.

2.             Notwithstanding
the foregoing, the Securityholder may transfer any or all of the Securityholder’s
Common Stock or Rights if the Securityholder is (i) a natural person, by gift,
will or intestacy so long as the transfer is not for value; (ii) a natural
person, to any trust for the direct or indirect benefit of the Securityholder
or the immediate family of the Securityholder so long as the transfer is not
for value; (iii) a partnership, to a partner of such partnership or a retired
partner of such partnership who retires after the date hereof so long as the
transfer is not for value; and (iv) a corporation, limited liability company or
limited partnership, to any of its wholly-owned subsidiaries; provided, however,
that in any such case it shall be a condition to the transfer that, prior to or
concurrently with such transfer, the transferee executes and delivers to the Placement
Agent an agreement, in form and substance satisfactory to the Placement Agent,
stating that the transferee is receiving and agrees to hold the Common Stock or
Rights, as the case may be, subject to the provisions of this letter agreement,
and there shall be no further transfer of such Common Stock or Rights, as the
case may be, except in accordance with this letter agreement.  For purposes of this letter agreement, “immediate
family” shall mean any relationship by blood, marriage, or adoption, not more
remote than first cousin.

3.             Without
limiting the restrictions herein, any Disposition by the Securityholder shall
remain at all times subject to applicable securities laws, including without
limitation the resale restrictions imposed by Rule 144 promulgated under the
Securities Act of 1933, as amended.

4.             The
Securityholder hereby agrees that, to the extent that the terms of this letter
agreement conflict with or are in any way inconsistent with any registration
rights agreement or similar agreement to which the Securityholder is a party or
under which the Securityholder is entitled to any right or benefit, this letter
agreement supersedes such registration rights agreement or similar agreements.

5.             The
Securityholder understands that the Company and the Placement Agent will
proceed with the Offering in reliance on this letter agreement.

6.             This
letter agreement shall be governed by the laws of the State of New York,
without regard to any applicable choice of law provisions.

7.             This
letter agreement shall terminate and have no force or effect if the initial
closing of the Offering does not occur by 11:59 p.m. (New York time) on December
31, 2006 or such later date as the Placement Agent and the Company agree in
writing.

8.             The
Securityholder hereby represents and warrants that the Securityholder has full
power and authority to enter into this letter agreement and that this letter
agreement has been duly authorized (if applicable), executed and delivered by
the Securityholder and is a valid and binding agreement of the
Securityholder.  All authority herein
conferred or agreed to be conferred shall survive the death or incapacity of
the Securityholder and any obligations of the Securityholder shall be binding
upon the heirs, personal representatives, successors and assigns of the
Securityholder.

	
  Very truly yours,

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  (Signature)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  (Print Name)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  (Print Name of
  Securityholder, if 

  	
   

  
	
  Securityholder
  is an entity)

  	
   

  

 

Consent of Spouse

I, the spouse of the above-named Securityholder,
acknowledge and agree that I am bound by the terms of this letter agreement as
to any and all interests I may have in securities or options issued by the
Company acquired, held or beneficially owned by my spouse.

	
  

  	
   

  	
   

  
	
   

  	
  (Signature)

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  (Print Name)Exhibit
10.37

Averion International Corp.

225 Turnpike Road

Southborough, MA 01772

November
20, 2006

Commonwealth Associates,
L.P.

830 Third Avenue

New York, New York 10022

Re:  Supplement
to Lock-Up Agreements related to Averion International Corp.’s private
placement as set forth in that certain Placement Agency Agreement, as amended,
between Averion International Corp. and Commonwealth Associates, L.P. dated
October 17, 2006 and as amended on November 8, 2006

Notwithstanding the term of
the Lock-Up Period as defined in Section 1 of each Lock-Up Agreement (the “Lock-Up
Agreement”) entered into for the benefit of Commonwealth Associates, L.P. (“Commonwealth”)
by certain officers, directors and controlling stockholders of Averion
International Corp. (each a “Securityholder”), in the event that Commonwealth
releases ComVest Investment Partners II or an affiliate (“ComVest”), from its
Lock-Up Agreement to sell any of its securities of Averion International Corp.
(the “ComVest Securities”) at any time or from time to time, then Commonwealth
shall immediately release each Securityholder who has entered into a Lock-Up
Agreement with Commonwealth such that each such Securityholder shall
immediately be entitled to sell the same proportion of shares to be sold by ComVest
irrespective of the lock-up provisions contained in Section 1 of each Lock-Up
Agreement.  For purposes of illustration,
if Commonwealth were to release ComVest with respect to 10% of the ComVest
Securities, then each Securityholder would be entitled to sell 10% of the
securities owned by them irrespective of the lock-up provisions contained in
Section 1 of each Securityholder’s Lock-Up Agreement.  Commonwealth shall promptly provide written
notice to each Securityholder of each release of ComVest Securities.

	
  

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Dr. Philip
  T. Lavin

  	
   

  
	
   

  	
  Dr. Philip T.
  Lavin

  
	
   

  	
  Chief Executive
  Officer

  

 

Agreed and Acknowledged:

Commonwealth Associates,
L.P.

	
  By: 

  	
  Commonwealth Associates Management Company, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Robert
  O’Sullivan

  	
   

  
	
         Robert
  O’Sullivan, PresidentExhibit
10.38

ESCROW AGREEMENT

ESCROW AGREEMENT (this “Agreement”) dated as of November 8,
2006, by and among AVERION INTERNATIONAL CORP., a Delaware corporation (the “Company”),
AMERICAN STOCK TRANSFER & TRUST COMPANY, a financial institution chartered
under the laws of the State of New York (the “Agent”), and COMMONWEALTH
ASSOCIATES, L.P., a New York limited partnership (“Commonwealth”).

W I T N E S S E T
H:

WHEREAS, the Company is offering shares of its common stock  (the “Shares”) in a private placement,
through Commonwealth as lead placement agent (the “Offering”);

WHEREAS, a minimum of $4,000,000 of Shares (the “Minimum Offering”)
and a maximum of $10,000,000 of Shares (the “Maximum Offering”) may be
sold in the Offering;

WHEREAS, the Maximum Offering may be increased by an additional
$5,000,000 of Shares to cover over-subscriptions; and

WHEREAS:

(a)           The
Offering will commence immediately and will continue until the earlier to occur
of (i) the sale of the Maximum Offering; or (ii) December 31, 2006, unless
extended by the mutual agreement of the Company and Commonwealth for up to 30
days (the “Termination Date”);

(b)           Once
the Minimum Offering has been sold, the Company and Commonwealth may conduct a
closing (the “Initial Closing”) on the sale of such Shares;

(c)           Subsequent
closings (each, a “Closing”) shall take place by mutual agreement of the
Company and Commonwealth.

(d)           Tendered
subscriptions for all Shares shall be subject to acceptance by the Company,
which subscriptions may be reduced in the sole discretion of the Company or
rejected for any other reason in the sole discretion of the Company; and

(e)           Proceeds
from the sale of the Shares shall be held in escrow by the Agent pending the
Initial Closing on the Shares, and disbursed upon the Initial Closing and each
subsequent Closing; and if the Initial Closing is not conducted, then such
funds shall be returned to the subscribers, without interest, after the
Termination Date.

NOW, THEREFORE, in consideration of the mutual promises herein
contained and intending to be legally bound, the parties hereby agree as
follows:

1.             Appointment
of Agent.  The Company hereby
appoints American Stock Transfer & Trust Company as escrow agent in
accordance with the terms and conditions set forth herein, and the Agent hereby
accepts such appointment.

2.             Delivery
of Subscription Proceeds.  All
checks, drafts, or other instruments or wire transfer funds received from
Subscribers as payment for the Shares will be delivered by the

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Company to the Agent,
made payable to “American Stock Transfer & Trust Company, as Escrow Agent
for Averion International Corp.”  The
Company will provide the Agent with a chart setting forth, as to each
Purchaser, its name, address, social security number or employer identification
number, amount of Shares purchased, and the amount paid in connection with such
purchase.  The Agent is hereby empowered
on behalf of the Company to endorse and collect all checks, drafts, wire funds
transfers, promissory notes or other instruments received on account of purchases
of Shares.

3.             Agent
to Hold and Disburse Funds.  The
Agent will hold in a special non-interest bearing account established for the
benefit of the Company and disburse all funds received by it pursuant to the
terms of this Agreement, as follows:

3.1           In the event that prior
to each respective Termination Date the Agent has received funds equal to or
greater than the Minimum Offering (and such funds are cleared within three days
following the Termination Date) from the sale of such Shares, the Agent will,
on the date of a Closing (the “Closing Date”), pursuant to written
instructions signed by the Company and Commonwealth, pay to the parties
identified in such instructions the proceeds received by the Agent from the
sale of such Shares.

3.2           Except as otherwise
agreed by the Company, all funds received by the Agent pursuant to the terms of
this Agreement will be held in a bank money market account or invested in
United States Government instruments.

3.3           In the event that prior
to each respective Termination Date the Agent has not received funds equal to
or greater than the minimum offering (or such funds have not cleared within
three days of the Termination Date) from the sale of such Shares, the Agent
will, pursuant to written instructions signed by the Company, return all funds
to the Subscribers, without interest and without any deductions.

4.             Exculpation
and Indemnification of Agent.

4.1           The Agent shall have no
duties or responsibilities other than those expressly set forth herein.  The Agent shall have no duty to enforce any
obligation of any person to make any payment or delivery, or to direct or cause
any payment or delivery to be made, or to enforce any obligation of any person
to perform any other act.  The Agent
shall be under no liability to the other parties hereto or to anyone else by
reason of any failure on the part of any party hereto or any maker, guarantor,
endorser or other signatory of any document or any other person to perform such
person’s obligations under any such document. 
Except for amendments to this Agreement referred to below, and except
for instructions given to the Agent by the Company and Commonwealth relating to
the funds deposited with the Agent under this Agreement (the “Escrow Deposit”),
the Agent shall not be obligated to recognize any agreement between any and all
of the persons referred to herein, notwithstanding that references thereto may
be made herein and whether or not it has knowledge thereof.

4.2           The Agent shall not be
liable to the Company or to anyone else for any action taken or omitted by it,
or any action suffered by it to be taken or omitted, in good faith and in the
exercise of its own best judgment.  The
Agent may rely conclusively and shall be protected in acting upon any order,
notice, demand, certificate, opinion or advice of counsel (including counsel
chosen by the Agent), statement, instrument, report or other paper or document
(not only as to its due execution and the validity and effectiveness of its
provisions, but also as to the truth and acceptability of any information
therein contained), which is believed

 2
 

by the Agent to be
genuine and to be signed or presented by the proper person or persons.  The Agent shall not be bound by any notice or
demand, or any waiver, modification, termination or rescission of this
Agreement or any of the terms thereof, unless evidenced by a writing delivered
to the Agent signed by the proper party or parties and, if the duties or rights
of the Agent are affected, unless it shall give its prior written consent thereto.

4.3           The Agent shall not be
responsible for the sufficiency or accuracy of the form of, or the execution,
validity, value or genuineness of, any document or property received, held or
delivered by it hereunder, or of any signature or endorsement thereon, or for
any lack of endorsement thereon, or for any description therein; nor shall the
Agent be responsible or liable to the other parties hereto or to anyone else in
any respect on account of the identity, authority or rights of the persons
executing or delivering or purporting to execute or deliver any document or
property or this Agreement.  The Agent
shall have no responsibility with respect to the use or application of any
funds or other property paid or delivered by the Agent pursuant to the
provisions hereof.  The Agent shall not
be liable to the Company or to anyone else for any loss which may be incurred
by reason of any investment of any monies which it holds hereunder provided the
Agent has complied with the provisions of Section 3.2.

4.4           The Agent shall have
the right to assume in the absence of written notice to the contrary from the
proper person or persons that a fact or an event by reason of which an action
would or might be taken by the Agent does not exist or has not occurred,
without incurring liability to the other parties hereto or to anyone else for
any action taken or omitted, or any action suffered by it to be taken or
omitted, in good faith and in the exercise of its own best judgment, in
reliance upon such assumption.

4.5           To the extent that the
Agent becomes liable for the payment of taxes, including withholding taxes, in
respect of income derived from the investment of funds held hereunder or any
payment made hereunder, the Agent may pay such taxes.  The Agent may withhold from any payment of
monies held by it hereunder such amount of the income derived from the
investment of funds as the Agent estimates to be sufficient to provide for the
payment of such taxes not yet paid, and may use the sum withheld only for that
purpose.  The Agent shall be indemnified
and held harmless against any liability for taxes and for any penalties or
interest in respect of taxes, on such investment income or payments in the
manner provided in Section 4.6.

4.6           The Agent will be
indemnified and held harmless by the Company from and against any and all
expenses, including reasonable counsel fees and disbursements, or loss suffered
by the Agent in connection with any action, suit or other proceeding involving
any claim, or in connection with any claim or demand, which in any way,
directly or indirectly, arises out of or relates to this Agreement, the
services of the Agent hereunder, the monies or other property held by it
hereunder or any income earned from investment of such monies, except for the
Agent’s gross negligence or misconduct. 
The Agent shall have a lien for the amount of any such expenses or loss
on the monies and other property held by it hereunder and shall be entitled to
reimburse itself from such monies or property for the amount of any such expense
or loss.  Promptly after the receipt by
the Agent or notice of any demand or claim or the commencement of any action,
suit or other proceeding, the Agent shall, if a claim in respect thereof is to
be made against the Company, notify the Company thereof in writing, but the
failure by the Agent to give such notice shall not relieve the Company from any
liability which the Company may have to the Agent hereunder.  Notwithstanding any obligation to make
payments and deliveries hereunder, the Agent may retain and hold for such time
as it deems necessary

 3
 

such amount of monies or
property as it shall, from time to time, in its sole discretion, deem
sufficient to indemnify itself for any such loss or expense and for any amounts
due it under Section 7.  In the event
that the Company may be liable to the Agent pursuant to the foregoing
indemnity, the Company will be indemnified and held harmless by Commonwealth
from and against any and all expenses, including reasonable counsel fees and
disbursements, or loss suffered by the Company in connection with any action,
suit or other proceeding involving any claim, or in connection with any claim
or demand, to the extent the same is caused by Commonwealth’s gross negligence
or misconduct.

4.7           For the purposes
hereof, the term “expense or loss” shall include all amounts paid or payable to
satisfy any claim, demand or liability, or in settlement of any claim, demand,
action, suit or other proceeding settled with the express written consent of
the Agent, and all costs and expenses, including, but not limited to,
reasonable counsel fees and disbursements, paid or incurred in investigating or
defending against any such claim, demand, action, suit or proceeding.

5.             Termination
of Agreement and Resignation of Agent.

5.1           This Agreement shall
terminate on the final disposition of the monies and property held in escrow
hereunder, provided that the rights of the Agent and the obligations of the
other parties hereto under Sections 4 and 7 shall survive the termination
hereof.

5.2           The Agent may resign at
any time and be discharged from its duties as Agent hereunder by giving the
Company and Commonwealth at least 30 days’ notice thereof.  As soon as practicable after its resignation,
the Agent shall turn over to a successor escrow agent appointed by the Company
all monies and property held hereunder (less such amount as the Agent is
entitled to retain pursuant to Sections 4.5 and 7) upon presentation of the
document appointing the new escrow agent and its acceptance thereof.  If no new Agent is so appointed within the 60-day
period following such notice of resignation, the Agent may deposit the
aforesaid monies and property with any court it deems appropriate.

6.             Form
of Payments by Agent.

6.1           Any payments by the
Agent to Subscribers or the Company pursuant to the terms of this Agreement
shall be made by wire (to the financial institution from which such wire was
received), to the account designated by each respective subscriber or the
Company.

6.2           All amounts referred to
herein are expressed in United States Dollars and all payments by the Agent
shall be made in such dollars.

7.             Compensation
of Agent.  For services rendered, the
Agent shall receive as compensation $2,500, in addition to any interest earned
in the account.  The Agent shall also be
entitled to reimbursement from the Company for all expenses paid or incurred by
it in the administration of its duties hereunder, including, but not limited
to, all counsel, advisors’ and agents’ fees and disbursements and all
reasonable taxes or other governmental charges. 
It is anticipated that such disbursement shall not exceed $500 barring
any unforeseen circumstances.

8.             Notices.  All notices, requests, demands and other
communications provided for herein shall be in writing, shall be delivered by
hand or by first-class mail, shall be deemed given when received and shall be
addressed to the parties hereto at their respective addresses

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listed below or to such
other persons or addresses as the relevant party shall designate as to itself
from time to time in writing delivered in like manner.

	
  

  	
  If to the
  Company:

  	
  Averion International Corp.

  
	
   

  	
   

  	
  225 Turnpike Road

  
	
   

  	
   

  	
  Southborough, Massachusetts 01772

  
	
   

  	
   

  	
  Attn: Dr. Philip T. Lavin

  
	
   

  	
   

  	
  Tel. # (508) 597-6216

  
	
   

  	
   

  	
  Fax # (508) 597-5765

  
	
   

  	
   

  	
   

  
	
   

  	
  With a copy to:

  	
  Foley & Lardner, LLP

  
	
   

  	
   

  	
  402 West Broadway, Suite 2300

  
	
   

  	
   

  	
  San Diego, California 92101

  
	
   

  	
   

  	
  Tel. # (619) 234-6655

  
	
   

  	
   

  	
  Fax # (619) 234-3510

  
	
   

  	
   

  	
  Attention: Kenneth Polin

  
	
   

  	
   

  	
   

  
	
   

  	
  If to the Agent:

  	
  American Stock Transfer & Trust Company

  
	
   

  	
   

  	
  59 Maiden Lane-Plaza Level

  
	
   

  	
   

  	
  New York, New York 10038

  
	
   

  	
   

  	
  Attention: Henry Reinhold

  
	
   

  	
   

  	
  Tel. # (212) 936-5100

  
	
   

  	
   

  	
  Fax # (718) 234-5001

  
	
   

  	
   

  	
   

  
	
   

  	
  if to
  Commonwealth:

  	
  Commonwealth Associates, L.P.

  
	
   

  	
   

  	
  830 Third Avenue

  
	
   

  	
   

  	
  New York, New York 10022

  
	
   

  	
   

  	
  Attention: Robert O’Sullivan

  
	
   

  	
   

  	
  Tel. # (212) 829-5825

  
	
   

  	
   

  	
  Fax # (212) 829-5982

  
	
   

  	
   

  	
   

  
	
   

  	
  With a copy to:

  	
  Loeb & Loeb, LLP

  
	
   

  	
   

  	
  345 Park Avenue

  
	
   

  	
   

  	
  New York, NY 10154

  
	
   

  	
   

  	
  Attn: Fran Stoller

  
	
   

  	
   

  	
  Tel. # (212) 407-4935

  
	
   

  	
   

  	
  Fax # (212) 214-4990

  
	
   

  	
   

  	
   

  

 

9.             Further Assurances:  From time to time on and after the date
hereof, the Company shall deliver or cause to be delivered to the Agent such
further documents and instruments and shall do and cause to be done such
further acts as the Agent shall reasonably request (it being understood that
the Agent shall have no obligation to make any such request) to carry out more
effectively the provisions and purposes of this Agreement, to evidence
compliance herewith or to assure itself that it is protected in acting
hereunder.

10.           Consent to Service
of Process.  Each of the Company and
Commonwealth hereby irrevocably consents to the jurisdiction of the courts of
the State of New York and of any federal court located in such State in
connection with any action, suit or other proceeding arising out of or relating
to this Agreement or any action taken or omitted hereunder, and waives personal
service of any summons, complaint or other process and agrees that the service

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thereof may be made by
certified or registered mail directed to each of the Company and Commonwealth
at its address for purposes of notices hereunder.

11.           Miscellaneous.

11.1         If for any reason the
Escrow Deposit is not received by the Agent as contemplated herein, the Company
shall reimburse the Agent for all expenses, including reasonable counsel fees
and disbursements, paid or incurred by it in making preparations for providing
the services contemplated hereby.

11.2         This Agreement shall be
construed without regard to any presumption or other rule requiring
construction against the party causing such instrument to be drafted.  The terms “hereby”, “hereof”, “hereto”, “hereunder”
and any similar terms, as used in this Agreement, refer to the Agreement in its
entirety and not only to the particular portion of this Agreement where the
term is used.  The word “person” shall
mean any natural person, partnership, company, government and any other form of
business or legal entity.  All words or
terms used in this Agreement, regardless of the number or gender, in which they
are used, shall be deemed to include any other number and any other gender as
the context may require.  This Agreement
shall not be admissible in evidence to construe the provisions of any prior
agreement.

11.3         This Agreement and the
rights and obligations hereunder of the Company may be assigned by the Company
only to a successor to the Company’s entire business.  This Agreement and the rights and obligations
hereunder of the Agent may be assigned by the Agent only to a successor to its
entire business.  This Agreement shall be
binding upon and inure to the benefit of each party’s respective successors,
heirs and permitted assigns.  No other
person shall acquire or have any rights under or by virtue of this
Agreement.  This Agreement may not be
changed orally or modified, amended or supplemented without an express written
agreement executed by the Agent, the Company and Commonwealth.  This Agreement is intended to be for the sole
benefit of the parties hereto, and (subject to the provisions of this Section 11.3)
their respective successors, heirs and assigns, and none of the provisions of
this Agreement are intended to be, nor shall they be construed to be, for the
benefit of any third person.

11.4         This Agreement shall be
governed by and construed in accordance with the internal laws of the State of
New York.  The representations and
warranties contained in this Agreement shall survive the execution and delivery
hereof and any investigations made by any party.  The headings in this Agreement are for
purposes of reference only and shall not limit or otherwise affect any of the
terms hereof.

12.           Execution in
Counterparts.  This Agreement may be
executed in any number of counterparts, each of which shall be deemed to be an
original as against any party whose signature appears thereon, and all of which
shall together constitute one and the same instrument.  This Agreement shall become binding when one
or more counterparts hereof, individually or taken together, shall bear the
signature of all of the parties reflected hereon as the signatures.

[Remainder of page intentionally
left blank]

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IN WITNESS WHEREOF, the parties have executed and delivered
this Agreement on the day and year first above written.

	
  

  	
  AMERICAN STOCK TRANSFER & TRUST 

  
	
   

  	
  COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Herbert
  Lemmer

  	
   

  
	
   

  	
   

  	
  Name: Herbert Lemmer

  
	
   

  	
   

  	
  Title: General Counsel

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  
	
   

  	
  AVERION INTERNATIONAL CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dr. Philip
  T. Lavin

  	
   

  
	
   

  	
   

  	
  Name: Dr. Philip T. Lavin

  
	
   

  	
   

  	
  Title: Chief Executive Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  COMMONWEALTH ASSOCIATES, L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert A.
  O’Sullivan

  	
   

  
	
   

  	
   

  	
  Name: Robert A. O’Sullivan

  
	
   

  	
   

  	
  Title: CEO/President

  
						

 

 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]