Document:

Unassociated Document

    EXHIBIT
      10.1

    

    AMENDMENT
      NO. 1

    TO
      

    AMENDED
      AND RESTATED LOAN AND SECURITY AGREEMENT

    

     This
      Amendment No. 1 to
      Amended and Restated Loan and Security Agreement (this
      “Amendment”)
      is
      entered into this 25th day of September, 2006, by and between Fiberstars,
      Inc.,
      a
      California corporation
      (“Borrower”),
      and
Silicon
      Valley Bank
      (“Bank”).
      Capitalized terms used herein without definition shall have the same meanings
      given them in the Loan Agreement (as defined below).

    Recitals

     

    A.  Borrower
      and Bank have entered into that certain Amended and Restated Loan and Security
      Agreement dated as of December 30, 2005 (the “Loan
      Agreement”),
      pursuant to which Bank has extended to Borrower certain advances of
      money.

     

    B.  Borrower
      desires that Bank amend the Loan Agreement to, among other things, extend the
      term of the revolver loans provided therein.

     

    C.  Subject
      to the representations and warranties of Borrower herein and upon the terms
      and
      conditions set forth in this Amendment, Bank is willing to amend the Loan
      Agreement.

     

    Agreement

     

    NOW,
      THEREFORE, in consideration of the foregoing Recitals and intending to be
      legally bound, the
      parties hereto agree as follows:

     

    1.  Bank’s
      Approval of Reincorporation/Merger.
      

     

    1.1  Bank
      hereby approves the merger by and between Borrower and Fiberstars, Inc., a
      Delaware corporation (the “Co-Borrower”),
      and
      Borrower’s reincorporation in the State of Delaware. 

     

    2.  Amendments
      to Loan Agreement.

     

    2.1  Section
      5.4 (Access to Collateral, Books and Records).
      Section
      5.4 is amended and restated in its entirety as follows:

     

    5.4 Access
      to Collateral, Books and Records.
      At
      reasonable times, and on one (1) Business Day’s notice, Bank, or its agents,
      shall have the right to inspect the Collateral and the right to audit and copy
      Borrower’s books and records. If the Streamline Option is not in effect, such
      inspections and audits shall occur at least two times per year. If the
      Streamline Option is in effect, audits shall be limited to one per year if
      the
      Streamline Option has been in effect for that full year. Bank shall take
      reasonable steps to keep confidential all information obtained in any such
      inspection or audit, but Bank shall have the right to disclose any such
      information to its auditors, regulatory agencies, and attorneys, and pursuant
      to
      any subpoena or other legal process. The foregoing inspections and audits shall
      be at Borrower’s expense and the charge therefor shall be $750 per person per
      day (or such higher amount as shall represent Bank’s then current standard
      charge for the same), plus reasonable out-of-pocket expenses; provided that
      so
      long as no Event of Default has occurred and is continuing and Borrower requests
      Credit Extensions regularly. Borrower shall not be required to pay such expenses
      more than two times per fiscal year unless such inspections and audits are
      pursuant to Borrower’s request for a Credit Extension. Audits following
      termination of the Streamline Option shall be at Borrower’s expense. In the
      event Borrower and Bank schedule an inspection or audit more than ten (10)
      days
      in advance, and Borrower seeks to reschedule the inspection or audit with less
      than ten (10) days written notice to Bank, then (without limiting any of Bank’s
      rights or remedies), Borrower shall pay Bank a cancellation fee of $1,000 plus
      any out-of-pocket expenses incurred by Bank, to compensate Bank for the
      anticipated costs and expenses of the cancellation.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2.2  Section
      13 (Definitions).
      The
      definition of “Borrowing Base” is amended and restated in its entirety as
      follows:

     

    “Borrowing
      Base”
means
      (a) 75% of Borrower’s Eligible Accounts other
      than‘Early
      Buy’ Pool and Spa Accounts, and (b) during the period from November 1, 2006
      through June 15, 2007 only, 70% of Eligible ‘Early Buy’ Pool and Spa Accounts;
provided,
      from
      November 1, 2006 through April 30, 2007, no more than $2,000,000, from May
      1
      until June 15, 2007, no more than $1,500,000, and thereafter, $0, will be
      advanced against such Accounts (this clause (b) being referred to as the
“Pool
      and Spa Sublimit”).

     

    2.3  Section
      5.1 (Financial Covenants).
      An
      additional paragraph shall be added to Section 5.1 (Financial Covenants) of
      Section 5 of the Schedule the Loan Agreement is as follows:

     

    (h) Bank
      shall have conducted a field inspection of Borrower’s Accounts within 90 days of
      the date first written on Amendment No. 1 to the Loan Agreement. 

     

    2.4  Section
      6.1 (Maturity Date).
      The
      first paragraph of Section 6.1 (Maturity Date) of Section 4 of Schedule 1 to
      the
      Loan Agreement is hereby amended and restated as follows:

     

    The
      maturity date with respect to Advances is August 13, 2007 (the “Revolving
      Maturity Date”).

     

    2.5  Reincorporation.
      After
      Borrower’s reincorporation as a Delaware entity becomes effective, any and all
      references to “FiberStars, Inc., a California corporation,” shall be replaced
      with “FiberStars, Inc., a Delaware corporation.”

     

    2.6  Exhibit
      A, “Form of Borrowing Base Certificate” of the Loan Agreement is hereby amended
      by deleting it in its entirety and replacing it with Exhibit A attached hereto.
      

     

    3.  Borrower’s
      Representations And Warranties.
      Borrower represents and warrants that:

     

    (a)  immediately
      upon giving effect to this Amendment (i) the representations and warranties
      contained in the Loan Documents are true, accurate and complete in all material
      respects as of the date hereof (except to the extent such representations and
      warranties relate to an earlier date, in which case they are true and correct
      as
      of such date), and (ii) no Event of Default has occurred and is
      continuing;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b)  Borrower
      has the corporate power and authority to execute and deliver this Amendment
      and
      to perform its obligations under the Loan Agreement, as amended by this
      Amendment;

     

    (c)  the
      certificate of incorporation, bylaws and other organizational documents of
      Borrower delivered to Bank on the Closing Date have been superceded by the
      certificate of incorporation and bylaws which have been delivered with this
      Amendment;

     

    (d)  the
      execution and delivery by Borrower of this Amendment and the performance by
      Borrower of its obligations under the Loan Agreement, as amended by this
      Amendment, have been duly authorized by all necessary corporate action on the
      part of Borrower; and

     

    (e)  this
      Amendment has been duly executed and delivered by the Borrower and is the
      binding obligation of Borrower, enforceable against it in accordance with its
      terms, except as such enforceability may be limited by bankruptcy, insolvency,
      reorganization, liquidation, moratorium or other similar laws of general
      application and equitable principles relating to or affecting creditors’
rights.

     

    4.  Limitation.
      The
      amendments set forth in this Amendment shall be limited precisely as written
      and
      shall not be deemed (a) to be a waiver or modification of any other term or
      condition of the Loan Agreement or of any other instrument or agreement referred
      to therein or to prejudice any right or remedy which Bank may now have or may
      have in the future under or in connection with the Loan Agreement or any
      instrument or agreement referred to therein; or (b) to be a consent to any
      future amendment or modification or waiver to any instrument or agreement the
      execution and delivery of which is consented to hereby, or to any waiver of
      any
      of the provisions thereof. Except as expressly amended hereby, the Loan
      Agreement shall continue in full force and effect.

     

    5.  Effectiveness.
      This
      Amendment shall become effective upon the satisfaction of all the following
      conditions precedent:

     

    5.1  Amendment.
      Borrower and Bank shall have duly executed and delivered this Amendment to
      Bank.

     

    5.2  Payment
      of Bank Expenses.
      Borrower shall have paid all Bank Expenses (including all reasonable attorneys’
fees and reasonable expenses) incurred through the date of this
      Amendment.

     

    5.3  Payment
      of Amendment Fee.
      Borrower
      shall have paid Bank an amendment fee equal to $25,000.

     

    5.4  Financing
      Statement.
      A
      financing statement (in form satisfactory to Bank) evidencing Co-Borrower as
      debtor and Bank as secured party, shall be filed with the Delaware Secretary
      of
      State.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    5.5  Liens
      Searches.
      Bank
      shall received lien searches satisfactory to Bank in the State of
      Delaware.

     

    5.6  Organizational
      Documents.
      Bank
      shall have received a copy of Borrower’s certificate of Incorporation and bylaws
      and Co-Borrower’s certificate of Incorporation and bylaws.

     

    5.7  Joinder
      Agreement.
      Bank
      shall have received a copy of a Joinder Agreement executed by Fiberstars, Inc.,
      a Delaware corporation, as Co-Borrower to the Loan Agreement.

     

    5.8  Merger
      Approval.
      The
      merger in Section 1.1. will be in form and substance satisfactory to Bank,
      and
      upon Bank’s request Borrower shall provide any documents or agreements related
      thereto.

     

    6.  Condition
      Precedent to Advance.
      Bank
      shall have completed an audit prior to the first Advance after the date hereof.
      

     

    7.  Counterparts.
      This
      Amendment may be signed in any number of counterparts, and by different parties
      hereto in separate counterparts, with the same effect as if the signatures
      to
      each such counterpart were upon a single instrument. All counterparts shall
      be
      deemed an original of this Amendment. 

     

    8.  Integration.
      This
      Amendment and any documents executed in connection herewith or pursuant hereto
      contain the entire agreement between the parties with respect to the subject
      matter hereof and supersede all prior agreements, understandings, offers and
      negotiations, oral or written, with respect thereto and no extrinsic evidence
      whatsoever may be introduced in any judicial or arbitration proceeding, if
      any,
      involving this Amendment; except that any financing statements or other
      agreements or instruments filed by Bank with respect to Borrower shall remain
      in
      full force and effect. 

     

    9.  Governing
      Law.
      THIS
      AMENDMENT SHALL BE GOVERNED BY AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE
      WITH THE LAWS OF THE STATE OF CALIFORNIA WITHOUT GIVING EFFECT TO PRINCIPLES
      OF
      CONFLICT OF LAW. 

     

    [Signature
      page follows.]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

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

     

     

    
      	 	Borrower: 	Fiberstars, Inc.,
              a
              Delaware corporation 
	 	 	 
	 	 	By:/s/Robert
              A. Connors 
	 	 	Printed Name: Robert
              A. Connors   
	 	 	Title: CFO 
	 	 	 
	 	Bank: 	Silicon Valley
              Bank 
	 	 	 
	 	 	By:/s/John
              Kinzer  
	 	 	Printed Name:
              John Kinzer 
	 	 	Title:
              Relationship Manager  

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Exhibit
      A

    

    

    FORM
      OF BORROWING BASE CERTIFICATE 

    
      	
              Borrower:

            	
              FIBERSTARS,
                INC.

              44259
                Nobel Drive

              Fremont,
                California 94538

            	
              Bank:

            	
              SILICON
                VALLEY BANK

              3003
                Tasman Drive

              Santa
                Clara, CA 95054

            

    

    

    Commitment
      Amount:
      $5,000,000

    

    
      	 
	
              ACCOUNTS
                RECEIVABLE 

            
	
              1.  

            	
              Accounts
                Receivable Book Value as of ____________ 

            	 	
              $
                ________

            
	
              2.  

            	
              Additions
                (please explain on reverse)

            	 	
              
                $
                  ________

              

            
	
              3.  

            	
              TOTAL
                ACCOUNTS RECEIVABLE

            	 	
              
                $
                  ________

              

            
	 	 	 	 
	
              ACCOUNTS
                RECEIVABLE DEDUCTIONS (without duplication)

            
	
              4.  

            	
              Accounts
                over 90 days due

            	 	
              
                $
                  ________

              

            
	
              5.  

            	
              Accounts
                representing progress billings or fulfillment or requirements
                contracts

            	 	
              
                $
                  ________

              

            
	
              6.  

            	
              Accounts
                subject to contingencies

            	 	
              
                $
                  ________

              

            
	
              7.  

            	
              Disputed
                accounts (unless Bank verifies otherwise)

            	 	
              
                $
                  ________

              

            
	
              8.  

            	
              Intercompany/Employee
                Accounts

            	 	
              
                $
                  ________

              

            
	
              9.  

            	
              Accounts
                owing from Account Debtors subject to insolvency proceeding or whose
                financial condition is not acceptable to Bank

            	 	
               

              
                $
                  ________

              

            
	
              10.  

            	
              Governmental
                Accounts

            	 	
              
                $
                  ________

              

            
	
              11.  

            	
              Contra
                Accounts

            	 	
              
                $
                  ________

              

            
	
              12.  

            	
              Balance
                of 50% over 90 day accounts

            	 	
              
                $
                  ________

              

            
	
              13.  

            	
              Concentration
                Limits (25%)

            	 	
              
                $
                  ________

              

            
	
              14.  

            	
              Foreign
                Accounts 

            	 	
              
                $
                  ________

              

            
	
              15.  

            	
              Accounts
                with selling terms greater than 90 days except for Eligible ‘Early Buy’
                Pool and Spa Accounts (when applicable)

            	 	
              
                $
                  ________

              

            
	
              16.  

            	
              Other
                (please explain on reverse)

            	 	
              
                $
                  ________

              

            
	
              17.  

            	
              TOTAL
                ACCOUNTS RECEIVABLE DEDUCTIONS

            	 	
              
                $
                  ________

              

            
	
              18.  

            	
              Eligible
                Accounts (#3 minus #17)

            	 	
              
                $
                  ________

              

            
	
              19.  

            	
              LOAN
                VALUE OF ACCOUNTS (75% of #18)

            	 	
              
                $
                  ________

              

            
	
              20.  

            	
              Eligible
                ‘Early Buy’ Pool and Spa Accounts, but not more than $2,000,000 from
                11/1/06 through 4/30/07, $1,500,000 from 5/1/07 until 6/15/07. $0
                thereafter

            	 	
              
                $
                  ________

              

            
	
              21.  

            	
              LOAN
                VALUE OF ACCOUNTS (70% of #20)

            	 	
              
                $
                  ________

              

            
	
              22.  

            	
              TOTAL
                LOAN VALUE OF ACCOUNTS (#19 + #21)

            	 	
              
                $
                  ________

              

            

    

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    
      	
              REVOLVING
                LINE AVAILABILITY

            

    

     

     

    
      
        	
                 23.

              	Maximum
                Loan Amount	 	
                $5,000,000 

              
	
                 24.

              	Total
                Funds Availability Calculation (lesser
                of $5,000,000 or #22)	 	$
                ________ 
	
                 25.

              	Present
                balance owing on Revolving Line 	 	$
                ________ 
	
                 26.

              	Amounts
                outstanding under sublimits (LC, FX and Cash Management)	 	$
                ________ 
	
                 27.

              	RESERVE
                POSITION (#24 minus
                the sum of #25 and #26)	 	$
                ________ 

      

       

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    

    
      	
              The
                undersigned represents and warrants that this is true, complete and
                correct, and that the information in this Borrowing Base Certificate
                complies with the representations and warranties in the Amended and
                Restated Loan and Security Agreement between the undersigned and
                Silicon
                Valley Bank.

            
	 
	
              COMMENTS:

            	 	 
	 	
              BANK USE ONLY

               

              Rec’d
                By: ______

            
	 	
              Auth.
                Signer

            
	 	 
	 	
              Date:
                __________

            
	
              FIBERSTARS,
                INC.

            	 
	 	
              Verified:
                _______

            
	
              By:
                ____________________________

            	
              Auth.
                Signer

            
	
              Authorized
                Signer

            	 
	 	
              Date: 
                _________EXHIBIT
      10.1

     

    [Redux
      Letterhead]

    

    Redux
      Holdings, Inc.

    11726
      San
      Vicente Blvd., Suite 300

    Los
      Angeles, CA 90049

    

    

    August
      31, 2006

     

    Laurus
      Master Fund, Ltd. (“Laurus”)

    c/o
      Laurus Capital Management, LLC

    825
      Third Ave 

    14th&
17th
      Floor

    New
      York, NY 10022

     

    This
      letter agreement (this “Letter Agreement”) memorializes the following agreement
      between Redux Holdings, Inc, and Laurus. 

    

    Redux
      agrees to issue on the date hereof 574,787
      shares
      of Redux Holdings, Inc. common stock, par value $.001 per share (the “Redux
      Common”), to Laurus and in exchange therefore Laurus agrees to transfer
      simultaneously to Redux, the following:

    

    1.
      1,050,000 shares of Naturade common stock, par value $.0001 per share (“Naturade
      Common”).

    

    2.
      Warrants to purchase 1,500,000 shares of Naturade Common at $.80 per share,
      which shall be cancelled upon transfer.

    

    3.
      Options to purchase 8,721,375 shares of Naturade Common at $.0001 per share
      (the
”Options”).

    

    The
      issuance of the 574,787 shares of Redux Common to Laurus, the transfer of the
      Naturade Common and Options and to Redux and the cancellation of the Warrants
      shall occur as of the date of this Letter Agreement. 

    

    Redux
      agrees that if during the next twelve months after the date hereof, additional
      debt is issued by Redux and such debt is convertible into Redux at a price
      less
      than $2.50, than additional shares of Redux Common shall be issued such that
      the
      total amount of Redux Common to be issued to Laurus under this Letter Agreement
      is adjusted to equal the following amount: the debt conversion price, discounted
      by 20%, shall be divided by .118 (the “Result”) , and 9,771,375 shall be divided
      by the Result to arrive at the total aggregate number of Redux Common to be
      issued to Laurus. 

    

    Redux
      hereby represents and warrants as follows: (i) the authorized equity securities
      of Redux consist of 100 million shares of common stock, par value $.001 per
      share, of which 29,574,110 million are issued and outstanding, (ii) upon
      issuance to Laurus, the Redux Common will be duly and validly issued, fully
      paid
      and non-assessable, and Laurus will receive good title thereto, free and clear
      of all encumbrances, (iii) the execution, delivery and performance of and
      compliance with this Letter Agreement, and the issuance of the Redux Common
      by
      Redux pursuant hereto, will not, with or without the passage of time or giving
      of notice, result in any such material violation, or be in conflict with or
      constitute a default under any such term or provision, or result in the creation
      of any mortgage, pledge, lien, encumbrance or charge upon any of the properties
      or assets of Redux or the suspension, revocation, impairment, forfeiture or
      nonrenewal of any permit, license, authorization or approval applicable to
      Redux, its business or operations or any of its assets or properties.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Laurus
      acknowledges that it is an “Accredited Investor,” as defined under Rule 501 of
      Regulation D of the Securities Act of 1933, as amended. Redux acknowledges
      that
      it is an “Accredited Investor,” as defined under Rule 501 of Regulation D of the
      Securities Act of 1933, as amended (the “Securities Act”). 

    

    The
      Redux Common issued to Laurus will be subject to a lock-up for a six month
      period from the date of issuance of said shares, and accordingly Laurus will
      not
      be able to sell, pledge or hypothecate such Redux Common for such six month
      period. After the expiration of the six month year period following the
      issuance, sales of Redux Common by Laurus shall have a legend on each share
      certificate substantially as follows:

     

    THE
      SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
      THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD OR OTHERWISE
      TRANSFERRED UNLESS COMPLIANCE WITH THE REGISTRATION PROVISIONS OF SUCH ACT
      HAS
      BEEN MADE OR AN OPINION OF COUNSEL HAS BEEN ISSUED REASONABLY SATISFACTORY
      TO
      REDUX HOLDINGS, INC. THAT SUCH REGISTRATION IS NOT
      REQUIRED.

     

    If
      at any time Redux proposes to file a registration statement under the Securities
      Act with respect to an offering by Redux for its own account or for the account
      of any of its respective security holders (other than a registration statement
      on Form S-4 or S-8,or any substitute form that may be adopted by the SEC)),
      then
      Redux shall give prompt written notice of such proposed filing to Laurus as
      soon
      as practicable (but in no event less than 20 days before the anticipated filing
      date), and such notice

    shall
      offer Laurus the opportunity to register such number of shares of Redux Common
      as Laurus may request which were issued under this Letter Agreement (which
      request shall specify the number of shares of Redux Common intended to be
      disposed of by Laurus and the intended method of distribution thereof) (a
      "Piggy-Back Registration"). Laurus must furnish such request to Redux 10 days
      after receipt of Redux’s written notice of the proposed registration. Redux
      shall use its best efforts to cause the managing underwriter or underwriters
      of
      a proposed underwritten offering to permit such Redux Common requested to be
      included in a Piggy-Back Registration to be included on the same terms and
      conditions as any similar securities of Redux or any other security holder
      included therein and to permit the sale or other disposition of such Redux
      Common in accordance with the intended method of distribution thereof. Laurus
      shall have the right to withdraw its request for inclusion of its Redux Common
      in any registration statement by giving written notice to Redux of its request
      to withdraw. Redux may withdraw a Piggy-Back Registration at any time prior
      to
      the time it becomes effective. In the event of Redux’s withdrawal, Redux shall
      be responsible for all fees and expenses (including fees and expenses of
      counsel) incurred by Laurus prior to such withdrawal. Laurus shall have the
      right to participate in a Piggy-Back Registration on no more than two occasions
      (excluding for such purpose an offering that is withdrawn by the Company or
      is
      otherwise not completed). Notwithstanding anything to the contrary contained
      herein, if the managing underwriter or underwriters of any underwritten have
      informed, in writing, Laurus that it is their opinion that the total number
      of
      shares which Redux and any other persons desiring to participate in such
      registration intend to include in such offering is such as to materially and
      adversely affect the success of such offering, including the price at which
      the
      securities could be sold, Redux shall include in the registration the maximum
      number of securities which it is so advised can be sold without the adverse
      effect, allocated as follows: (i) first, all securities proposed to be issued
      by
      Redux for its own account; and (ii) second, any other securities proposed to
      be
      registered by Redux other than for its own account, including, without
      limitation, Redux Common duly requested to be included in the registration
      and
      securities proposed to be registered by the Company pursuant to the exercise
      by
      any person, other Laurus, of a "piggy-back" right requesting the registration
      of
      shares of Redux Common pursuant to an agreement with the Company, allocated
      pro
      rata among Laurus and such other persons on the basis of the relative number
      of
      registrable securities or other securities that each holder or other person
      has
      duly requested to be included in such registration. All registration expenses
      shall be borne by Redux and all selling expenses relating to Redux Common on
      behalf of Laurus shall be borne by Laurus. Redux agrees to cooperate with Laurus
      in connection with all resales pursuant to effective registration statements,
      Rule 144(d) and Rule 144(k) and provide legal opinions necessary to allow such
      resales provided Redux and its counsel receive reasonably requested
      representations from Laurus and broker, if any.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    In
      the event of a registration of any Redux Common under the Securities Act
      pursuant to this Agreement, the Company will indemnify and hold harmless Laurus,
      and its officers, directors and each other person, if any, who controls Laurus
      within the meaning of the Securities Act, against any losses, claims, damages
      or
      liabilities, joint or several, to which Laurus, or such persons may become
      subject under the Securities Act or otherwise, insofar as such losses, claims,
      damages or liabilities (or actions in respect thereof) arise out of or are
      based
      upon any untrue statement or alleged untrue statement of any material fact
      contained in any Registration Statement under which such Redux Common were
      registered under the Securities Act pursuant to this Letter Agreement, any
      preliminary prospectus or final prospectus contained therein, or any amendment
      or supplement thereof, or arise out of or are based upon the omission or alleged
      omission to state therein a material fact required to by stated therein or
      necessary to make the statements therein not misleading, and will reimburse
      Laurus and each such person for any reasonable legal or other expenses incurred
      by them in connection with investigating or defending any such loss, claim,
      damage, liability or action; provided, however, that Redux will not be liable
      in
      any such case if and to the extent that any such loss, claim, damage or
      liability arises out of or is based upon an untrue statement or alleged untrue
      statement or omission or alleged omission so made in conformity with information
      furnished by or on behalf of Laurus or any such person in writing specifically
      for use in any such document.

     

    
      	 	Very truly yours, 
	 	 
	 	REDUX HOLDINGS, INC.
	 	 
	 	
              By/s/
                Adam Michelin

              Name:
                Adam
                Michelin

              Title:
                Chairman
                of the Board and Chief Executive
                Officer

            

    

    

    

    Agreed
      to as of the above date:

    

    LAURUS
      MASTER FUND, LTD.

    

    By/s/
      David Grin

    Name:
      David Grin

    Title:
      Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}]]