Document:

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                                                                  Exhibit 4(ggg)

                              JANUS ADVISER SERIES

                          INVESTMENT ADVISORY AGREEMENT

                          JANUS ADVISER HIGH-YIELD FUND

      THIS INVESTMENT ADVISORY AGREEMENT (the "Agreement") is made this 22nd day
of March, 2005, between JANUS ADVISER SERIES, a Delaware statutory trust (the
"Trust"), and JANUS CAPITAL MANAGEMENT LLC, a Delaware limited liability company
("JCM").

                                   WITNESSETH:

      WHEREAS, the Trust is registered as an open-end management investment
company under the Investment Company Act of 1940, as amended (the "1940 Act"),
and has registered its shares for public offering under the Securities Act of
1933, as amended (the "1933 Act"); and

      WHEREAS, the Trust is authorized to create separate funds, each with its
own separate investment portfolio of which the beneficial interests are
represented by a separate series of shares; one of such funds created by the
Trust being designated as the Janus Adviser High-Yield Fund (the "Fund"); and

      WHEREAS, the Trust and JCM deem it mutually advantageous that JCM should
assist the Trustees and officers of the Trust in the management of the
securities portfolio of the Fund.

      NOW, THEREFORE, the parties agree as follows:

      1. Appointment. The Trust hereby appoints JCM as investment adviser and
manager with respect to the Fund for the period and on the terms set forth in
this Agreement. JCM hereby accepts such appointment and agrees to render the
services herein set forth, for the compensation herein provided.

      2. Investment Advisory Services. JCM shall furnish continuous advice and
recommendations to the Fund as to the acquisition, holding, or disposition of
any or all of the securities or other assets which the Fund may own or
contemplate acquiring from time to time. JCM shall give due consideration to the
investment policies and restrictions and the other statements concerning the
Fund in the Trust Instrument, bylaws, and registration statements under the 1940
Act and the 1933 Act, and to the provisions of the Internal Revenue Code, as
amended from time to time, applicable to the Fund as a regulated investment
company. In addition, JCM shall cause its officers to attend meetings and
furnish oral or written reports, as the Trust may reasonably require, in order
to keep the Trustees and appropriate officers of the Trust fully informed as to
the condition of the investment portfolio of the Fund, the investment
recommendations of JCM, and the investment considerations which have given rise
to those recommendations. JCM shall supervise the purchase and sale of
securities as directed by the appropriate officers of the Trust.

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      3. Other Services. JCM is hereby authorized (to the extent the Trust has
not otherwise contracted) but not obligated (to the extent it so notifies the
Trustees at least 60 days in advance), to perform (or arrange for the
performance by affiliates of) the management and administrative services
necessary for the operation of the Fund. JCM is specifically authorized, on
behalf of the Trust, to conduct relations with custodians, depositories,
transfer and pricing agents, accountants, attorneys, underwriters, brokers and
dealers, corporate fiduciaries, insurance company separate accounts, insurers,
banks and such other persons in any such other capacity deemed by JCM to be
necessary or desirable. JCM shall generally monitor and report to Fund officers
the Fund's compliance with investment policies and restrictions as set forth in
the currently effective prospectus and statement of additional information
relating to the shares of the Fund under the 1933 Act. JCM shall make reports to
the Trustees of its performance of services hereunder upon request therefor and
furnish advice and recommendations with respect to such other aspects of the
business and affairs of the Fund as it shall determine to be desirable. JCM is
also authorized, subject to review by the Trustees, to furnish such other
services as JCM shall from time to time determine to be necessary or useful to
perform the services contemplated by this Agreement.

      4. Obligations of Trust. The Trust shall have the following obligations
under this Agreement:

            (a)   to keep JCM continuously and fully informed as to the
                  composition of its investment portfolio and the nature of all
                  of its assets and liabilities from time to time;

            (b)   to furnish JCM with a certified copy of any financial
                  statement or report prepared for it by certified or
                  independent public accountants and with copies of any
                  financial statements or reports made to its shareholders or to
                  any governmental body or securities exchange;

            (c)   to furnish JCM with any further materials or information which
                  JCM may reasonably request to enable it to perform its
                  function under this Agreement; and

            (d)   to compensate JCM for its services and reimburse JCM for its
                  expenses incurred hereunder in accordance with the provisions
                  hereof.

      5. Compensation. The Trust shall pay to JCM for its investment advisory
services a fee, calculated and payable for each day that this Agreement is in
effect, of 1/365 of 0.65% of the first $300,000,000 daily closing net asset
value of the Fund, plus 1/365 of 0.55% of the daily closing net asset value in
excess of $300,000,000 (1/366 of the daily closing net asset value of either
rate in a leap year). The fee shall be paid monthly.

      6. Expenses Borne by JCM. In addition to the expenses which JCM may incur
in the performance of its investment advisory functions under this Agreement,
and the expenses which it may expressly undertake to incur and pay under other
agreements with the Trust or otherwise, JCM shall incur and pay the following
expenses relating to the Fund's operations without reimbursement from the Fund:

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            (a)   Reasonable compensation, fees and related expenses of the
                  Trust's officers and its Trustees, except for such Trustees
                  who are not "interested persons," as defined in the 1940 Act,
                  of JCM; and

            (b)   Rental of offices of the Trust.

      7. Expenses Borne by the Trust. The Trust assumes and shall pay all
expenses incidental to its organization, operations and business not
specifically assumed or agreed to be paid by JCM pursuant to Sections 3 and 6
hereof, including, but not limited to, investment adviser fees; any
compensation, fees, or reimbursements which the Trust pays to its Trustees who
are not "interested persons," as defined in the 1940 Act, of JCM; compensation
of the Fund's custodian, transfer agent, registrar and dividend disbursing
agent; legal, accounting, audit and printing expenses; administrative, clerical,
recordkeeping and bookkeeping expenses; brokerage commissions and all other
expenses in connection with execution of portfolio transactions (including any
appropriate commissions paid to JCM or its affiliates for effecting exchange
listed, over-the-counter or other securities transactions); interest; all
federal, state and local taxes (including stamp, excise, income and franchise
taxes); costs of stock certificates and expenses of delivering such certificates
to purchasers thereof; expenses of local representation in Delaware; expenses of
shareholders' meetings and of preparing, printing and distributing proxy
statements, notices, and reports to shareholders; expenses of preparing and
filing reports and tax returns with federal and state regulatory authorities;
all expenses incurred in complying with all federal and state laws and the laws
of any foreign country applicable to the issue, offer, or sale of shares of the
Fund, including, but not limited to, all costs involved in the registration or
qualification of shares of the Fund for sale in any jurisdiction, the costs of
portfolio pricing services and compliance systems, and all costs involved in
preparing, printing and mailing prospectuses and statements of additional
information to Fund shareholders; and all fees, dues and other expenses incurred
by the Trust in connection with the membership of the Trust in any trade
association or other investment company organization.

      8. Treatment of Investment Advice. The Trust shall treat the investment
advice and recommendations of JCM as being advisory only, and shall retain full
control over its own investment policies. However, the Trustees may delegate to
the appropriate officers of the Trust, or to a committee of the Trustees, the
power to authorize purchases, sales or other actions affecting the portfolio of
the Fund in the interim between meetings of the Trustees.

      9. Termination. This Agreement may be terminated at any time, without
penalty, by the Trustees of the Trust, or by the shareholders of the Fund acting
by vote of at least a majority of its outstanding voting securities, provided in
either case that sixty (60) days advance written notice of termination be given
to JCM at its principal place of business. This Agreement may be terminated by
JCM at any time, without penalty, by giving sixty (60) days advance written
notice of termination to the Trust, addressed to its principal place of
business. The Trust agrees that, consistent with the terms of the Trust
Instrument, the Trust shall cease to use the name "Janus" in connection with the
Fund as soon as reasonably practicable following any termination of this
Agreement if JCM does not continue to provide investment advice to the Fund
after such termination.

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      10. Assignment. This Agreement shall terminate automatically in the event
of any assignment of this Agreement.

      11. Term. This Agreement shall continue in effect until July 1, 2006,
unless sooner terminated in accordance with its terms, shall continue in effect
from year to year thereafter only so long as such continuance is specifically
approved at least annually by (a) the vote of a majority of the Trustees of the
Trust who are not parties hereto or interested persons of any such party, cast
in person at a meeting called for the purpose of voting on the approval of the
terms of such renewal, and (b) either the Trustees of the Trust or the
affirmative vote of a majority of the outstanding voting securities of the Fund.
The annual approvals provided for herein shall be effective to continue this
Agreement from year to year if given within a period beginning not more than
ninety (90) days prior to July 1 of each applicable year, notwithstanding the
fact that more than three hundred sixty-five (365) days may have elapsed since
the date on which such approval was last given.

      12. Amendments. This Agreement may be amended by the parties only if such
amendment is specifically approved (i) by a majority of the Trustees, including
a majority of the Trustees who are not interested persons (as that phrase is
defined in Section 2(a)(19) of the 1940 Act) of any party to this Agreement and,
if required by applicable law, (ii) by the affirmative vote of a majority of the
outstanding voting securities of the Fund (as that phrase is defined in Section
2(a)(42) of the 1940 Act).

      13. Other Series. The Trustees shall determine the basis for making an
appropriate allocation of the Trust's expenses (other than those directly
attributable to the Fund) between the Fund and the other series of the Trust.

      14. Limitation of Personal Liability. All the parties hereto acknowledge
and agree that all liabilities of the Trust arising, directly or indirectly,
under this Agreement, of any and every nature whatsoever, shall be satisfied
solely out of the assets of the Fund and that no Trustee, officer or holder of
shares of beneficial interest of the Trust shall be personally liable for any of
the foregoing liabilities. The Trust Instrument describes in detail the
respective responsibilities and limitations on liability of the Trustees,
officers and holders of shares of beneficial interest of the Trust.

      15. Limitation of Liability of JCM. JCM shall not be liable for any error
of judgment or mistake of law or for any loss arising out of any investment or
for any act or omission taken with respect to the Trust, except for willful
misfeasance, bad faith or gross negligence in the performance of its duties, or
by reason of reckless disregard of its obligations and duties hereunder and
except to the extent otherwise provided by law. As used in this Section 15,
"JCM" shall include any affiliate of JCM performing services for the Trust
contemplated hereunder and directors, officers and employees of JCM and such
affiliates.

      16. Activities of JCM. The services of JCM to the Trust hereunder are not
to be deemed to be exclusive, and JCM and its affiliates are free to render
services to other parties. It is understood that trustees, officers and
shareholders of the Trust are or may become interested in JCM as directors,
officers and shareholders of JCM, that directors, officers, employees and

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shareholders of JCM are or may become similarly interested in the Trust, and
that JCM may become interested in the Trust as a shareholder or otherwise.

      17. Certain Definitions. The terms "vote of a majority of the outstanding
voting securities," "assignment" and "interested persons" when used herein,
shall have the respective meanings specified in the 1940 Act, as now in effect
or hereafter amended, and the rules and regulations thereunder, subject to such
orders, exemptions and interpretations as may be issued by the Securities and
Exchange Commission under said Act and as may be then in effect.

      18. Governing Law. This Agreement shall be construed in accordance with
the laws of the State of Colorado (without giving effect to the conflicts of
laws principles thereof) and the 1940 Act. To the extent that the applicable
laws of the State of Colorado conflict with the applicable provisions of the
1940 Act, the latter shall control.

      This Agreement shall supercede all prior investment advisory agreements
entered into between JCM and the Trust, on behalf of the Fund.

IN WITNESS WHEREOF, the parties have caused their duly authorized officers to
execute this Investment Advisory Agreement as of the date and year first above
written.

                                JANUS CAPITAL MANAGEMENT LLC

                                By: /s/Loren M. Starr
                                   --------------------------------------------
                                   Loren M. Starr, Chief Financial Officer
                                   and Senior Vice President

                                JANUS ADVISER SERIES

                                By: /s/Girard C. Miller
                                   --------------------------------------------
                                   Girard C. Miller, President and Chief
                                   Executive Officer

                                                                          Page 5Exhibit 10.27.1

 

Execution Version

 

AMENDED AND RESTATED SECURED
PROMISSORY NOTE

 

	
  April 1,
  2005

  	
   

  	
  $8,268,000

  

 

LANGER, INC.,
a Delaware corporation (the “Company”), hereby promises to pay to the
order of SSL Holdings, Inc., a Delaware corporation (the “Seller”), or
its assigns (the Seller and each of its assigns is a “Holder”), the
principal amount of Eight Million Two Hundred Sixty Eight Thousand Dollars ($8,268,000) (the “Principal Amount”).  This Amended and Restated Secured Promissory
Note (the “Note”) has been issued pursuant to Section 2.4 of that
certain Stock Purchase Agreement, dated as of September 22, 2004 (the “Purchase
Agreement”), by and among the Company, the Seller, LRC North America, Inc.,
a Delaware corporation (“LRC”), and Silipos, Inc., a Delaware
corporation (“Silipos”) and Limited Release among the Company, the
Seller, LRC and Silipos dated the date hereof. 
This Note replaces, and its terms supersede those set forth in, that
certain Secured Promissory Note dated September 30, 2004 (the “Original Note”)
in the original principal amount of $7,500,000 made by the Company in favor of
the Seller and all obligations, covenants and agreements set forth
therein.  The Original Note shall be
cancelled upon valid execution and delivery of this Note by the Company to the
Holder.  This Capitalized terms used
herein which are not defined shall have the respective meanings given to them
in the Purchase Agreement.

 

1.             Payment
of Principal.  The Company shall
repay the entire Principal Amount outstanding on or before the earliest of (a)
March 31, 2006 (the “Maturity Date”), (b) a sale or transfer (in one or
more transactions or series of transactions) of (i) all or substantially all of
the assets of Silipos, Inc. (“Silipos”) to an entity that is not a direct
or indirect subsidiary of the Company or Silipos, (ii) all or substantially all
of the assets of the Company or any of its respective successors or assigns,
(iii) a majority of the then-issued and outstanding capital stock of Silipos to
an entity that is not a direct or indirect subsidiary of the Company or
Silipos, (iv) a majority of the then-issued and outstanding capital stock of
the Company or any of its successors or assigns to an entity that is not a
direct or indirect subsidiary of the Company, or (c) a merger, consolidation,
share exchange or any other business combination between any of the Company,
Silipos, or any of their respective successors or assigns and any
non-affiliated entity, whereby the holders of a majority of the voting stock or
other voting equity of such entity prior to such transaction do not hold a
majority of the voting stock or other voting equity of the surviving or
resulting entity in the transaction immediately after consummation thereof.

 

2.             Payment
of Interest.  Interest shall be
payable semi-annually in arrears on the last day of February and August in each
year until the Maturity Date; provided, however, the first interest payment on
this Note shall not be due and payable until February 1, 2005.  At the Maturity Date, all unpaid principal
and interest shall be due and payable to the Holder in cash. Interest shall
accrue until March 31, 2005, at the rate of five and one-half percent (5.5%)
per annum (based on a 360 day year comprised of twelve 30 day months) on the
unpaid Principal Amount outstanding. 
From April 1, 2005 until March 31, 2006, interest shall accrue at the
rate of seven and one-half percent (7.5%) per annum on the unpaid Principal
Amount outstanding (based on a 360 day year comprised of twelve 30 day months).

 

 

3.             Time
of Payment.  If any payment of
principal or interest on this Note shall become due on a Saturday, Sunday, or
legal holiday under the laws of the State of New York, such payment shall be
made on the next succeeding day that is not a Saturday, Sunday or such legal
holiday (a “Business Day”) and such extension of time shall in such case
be included in computing interest in connection with such payment.

 

4.             Prepayment.  The Company shall have the right to prepay
the Note, in whole or in part, at any time or from time to time, without
premium or penalty, but with interest accrued and unpaid to the date of such
prepayment.

 

5.             Protection
Payment.  Pursuant to Section 6 of
the Original Note, the Company has delivered to the Holder written notice (the “Protection
Notice”) on or prior to March 15, 2005 of the Company’s election to
increase the principal amount of the Original Note by an amount equal to
$1,000,000 (such $1,000,000 increase in the Principal Amount the “Protection
Payment”), and, by delivering this Note, increased the principal amount of
the Original Note by an amount equal to $1,000,000.

 

6.             Security.  As
collateral security for the payment of this Note and of any and all other
obligations and liabilities of the Company to the Seller, the Holder shall
execute and deliver to the Seller the Pledge Agreement (the “Pledge
Agreement”), dated as of the date hereof, executed and delivered by the
Company in favor of the Seller.

 

7.             Events
of Default.

 

(a)           Definition.  For purposes of this Note, an “Event of
Default” shall be deemed to have occurred if:

 

(i)            the
Company shall default in the payment of any amount due under this Note, or
otherwise in respect of any Senior Indebtedness, on the date when due, whether
at maturity or other time, by acceleration or otherwise and such default shall
continue for five (5) calendar days thereafter. 
“Senior Indebtedness” shall mean (i) that certain purchase money
financing in the principal amount of Five Million Five Hundred Thousand Dollars ($5,500,000) referred to in Section 6.1(h) of the Purchase
Agreement or any replacement up to the original amount thereof, less any
repayment thereof, (ii) working capital financing from a bank with a principal
amount equal to or less than Three Million Five Hundred Thousand Dollars ($3,500,000), any replacement up to the original amount
thereof, less any repayment thereof, and (iii) any indebtedness incurred to
finance the acquisition of Poly-Gel in connection with the exercise of the Put
Option, as defined in the Purchase Agreement;

 

(ii)           default
shall be made in the due observance or performance of any other covenant,
condition or agreement on the part of the Company to be observed or performed
pursuant to the terms of this Note and such default shall continue for ten (10)
days after written notice thereof, specifying such default and requesting that
the same be remedied, shall have been given to the Company by the Holder;

 

(iii)          an
Insolvency Event occurs.  “Insolvency
Event” means any dissolution, winding up, liquidation, composition or
similar relief with respect to all or substantially all of the Company’s debts,
whether voluntary or involuntary or in bankruptcy,

 

 

receivership, or similar
proceedings or upon an assignment for the benefit of creditors or any other
marshalling of the assets and liabilities of the Company, and in the case of an
involuntary proceeding, it is not dismissed within sixty (60) days; or

 

(iv)          The Company
shall violate the Tangible Net Worth Covenant or the Incurrence Covenant.

 

(b)           Consequences
of Events of Default.

 

(i)            If an
Event of Default of the type other than that described in clause (iii) of
subparagraph 7(a) has occurred and is continuing, the Holder may declare all or
any portion of the outstanding Principal Amount due and payable and demand
immediate payment of all or any portion of the outstanding Principal
Amount.  If the Holder demands immediate
payment of all or any portion of the Note, the Company shall immediately pay to
such Holder the Principal Amount requested to be paid together with all accrued
and unpaid interest thereon.

 

(ii)           If an
Insolvency Event occurs, all of the outstanding Principal Amount shall
automatically be immediately due and payable without any notice or other action
on the part of the Holder.

 

(iii)          If
an Event of Default has occurred, each Holder shall also have any other rights
or remedies which such Person may have pursuant to applicable law or equity.

 

(iv)          Upon an
Event of Default, the interest rate shall accrue at a rate of twelve percent
(12%) and shall increase by three percent (3%) every ninety (90) days
thereafter until it reaches the maximum amount permitted by applicable law.

 

8.             Subordination.

 

(a)           This Note
and the indebtedness evidenced hereby are subordinate in all respects to the
prior payment in full of those amounts in respect of the Senior Indebtedness.

 

(b)           Within ten
(10) business days after a default or event of default with respect to the
Senior Indebtedness, the Company shall furnish a written notice thereof,
including a copy of any written notice received by the Company from the holder
of such Senior Indebtedness, to the Holder in the manner and at the address
specified pursuant to Section 11 hereof. 
From and after the time that the Company receives such notice from the
holder of the Senior Indebtedness, the Company’s obligation to make payment on
account of principal or interest on the Note is subject to subsection 8(c).

 

(c)           If there
shall have occurred an event of default with respect to the Senior
Indebtedness, or in the instrument or instruments under which the Senior
Indebtedness has been issued, permitting the holders thereof, after notice or
lapse of time, or both, to accelerate the maturity thereof, then no payment on
account of principal or interest on the Note shall be made, nor shall any
assets be applied to the conversion, redemption or other acquisition or
retirement of the Note until the earliest to occur of (i) 60 days after the
date of such default, or

 

 

(ii) the date on which the
Senior Indebtedness to which such event of default related is discharged or
accelerated, or (iii) the date such event of default is waived by the holders
of such Senior Indebtedness or otherwise cured, or (iv) the filing of any
voluntary or involuntary petition in bankruptcy by or against the Company.  Within three (3) business days after
resolution of such default or event of default in accordance with the
immediately preceding sentence, the Company shall furnish written notice
thereof to the Holder, in the manner and at the address specified pursuant to
Section 11 hereof.

 

9.             Covenants.

 

(a)           Tangible Net Worth Covenant.  On each October 1, January 1, April 1 and
July 1 (each, a “Test Date”) during the period beginning on the date
hereof and ending on the date on which the entire Principal Amount and all
accrued interest thereon shall have been paid in full to the Holder (the “Covenant
Period”), the Tangible Net Worth of the Company shall not be less than
$4,500,000 (the “Tangible Net Worth Covenant”).  For purposes of this Note, “Tangible Net
Worth” shall mean the net book value (after deducting related depreciation,
obsolescence, amortization, valuation and other proper reserves) at which the
consolidated assets of Silipos would be shown on a consolidated balance sheet
at such time, minus the sum of (a) all items properly classified as
intangibles in accordance with GAAP (b) investments in subsidiaries (including
Silipos UK, Ltd.); and (c) the amount at which Silipos’ liabilities (other than
capital stock and surplus) would be shown on such balance sheet.  Within 15 Business Days after each such Test
Date, Silipos shall provide a written report to the Holder of the Tangible Net
Worth of Silipos and Silipos UK, Ltd. as of the most recent Test Date with
supporting documentation which provides reasonable detail to allow the Holder
to confirm the calculation of such Tangible Net Worth as of the most recent
Test Date.

 

(b)           Incurrence Covenant.  During the Covenant Period, the Company or
its subsidiaries shall not incur indebtedness for borrowed money to any party;
provided, however, the Company may incur the Senior Indebtedness, indebtedness
for financing solely for the payment of the Put Option (as such term is defined
in the Purchase Agreement) and may also enter into equipment or capital lease
transactions which do not exceed $500,000 in the aggregate (the “Incurrence
Covenant”).

 

10.           Amendment
and Waiver.  This Note may be amended
and the Company may take any action herein prohibited, or omit to perform any
act herein required to be performed by it, only if the Company has obtained the
prior written consent of the Holder.

 

11.           Loss,
Theft, Destruction or Mutilation of Note. 
Upon receipt of evidence of the loss, theft, destruction or mutilation
of this Note, and, in the case of any such loss, theft or destruction, upon
receipt of an affidavit of loss from the Holder in form reasonably satisfactory
to the Company, the Company will make and deliver, in lieu of this Note, a new
Note of like tenor.

 

12.           Place
of Payment; Notices.  Payments of
principal and any notice or report are to be delivered to the Holder at the
following address: 3585 Engineering Drive #200, Norcross, GA 30092-9214, Attn:
Accounting Department or to such other address as specified in a written notice
delivered to the Company by Holder. 
Notices sent by the Company shall be

 

 

deemed received when delivered
personally or one (1) Business Day after being sent by Federal Express or other
nationally recognized overnight carrier or three (3) Business Days after being
sent by certified or registered mail to the following address:

 

Langer, Inc.

450 Commack Road

Deer Park, New York 11729

Attention: Chief Executive Officer

Facsimile: (631) 667-1203

 

with a copy to:

 

Kane Kessler, P.C.

1350 Avenue of the Americas

New York, New York 10019

Attention: Robert L. Lawrence, Esq.

Facsimile: (212) 245 3009

 

13.           Jurisdiction.  This Note shall be subject to the exclusive
jurisdiction of the courts of New York County, New York. Any Event of Default
hereunder shall be deemed to be a default occurring in the State of New York by
virtue of a failure to perform an act required to be performed in the State of
New York, and the Company and the Holder, for themselves and their successors,
irrevocably and expressly agree to submit to the exclusive jurisdiction of the
courts of the State of New York for the purpose of enforcing the terms of this
Note or the transactions contemplated hereby. 
The Company and the Holder irrevocably waive (for themselves and their
successors), to the fullest extent permitted by law, any objection which they
may now or hereafter have to the laying of venue of any suit, action or
proceeding arising out of or relating to this Note or any judgment entered by
any court located in New York County, New York, and further irrevocably waive
any claim that any suit, action or proceeding brought in New York County, New
York has been brought in an inconvenient forum.

 

14.           Assignment.  This Note may be assigned by the Company to
any wholly-owned subsidiary of the Company; provided, however, that the Company
shall (i) provide written notice of such assignment to the Holder within five
(5) days of such assignment, (ii) provide a written assumption signed by the
assignee of this Note agreeing to be bound by the provisions of this Note, and
(iii) remain jointly and severally liable with any such assignee for the
obligations, liabilities and provisions of this Note.

 

15.           Governing
Laws.  The validity, construction,
and interpretation of this Note shall be governed by the internal laws of the
State of New York without respect to the principles of conflicts of laws of the
State of New York or any other jurisdiction.

 

[Signature
Page Follows; Remainder of Page Intentionally Left Blank]

 

 

IN WITNESS
WHEREOF, the Company has executed and delivered this Amended and Restated
Secured Promissory Note on the date first above written.

 

 

	
   

  	
  LANGER,
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

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