Document:

Unassociated Document

    
      
        
          
            
              	 	
                      February 10,
      2009

                    

            

          

           

          Aftersoft
Group, Inc.

          Regus
House

          Heronsway
Chester Business Park

          Chester,
CH4 9QR

          United
Kingdom

          

          

          Re:  Waiver and Amendment
#2

          

          Dear
Sirs:

          

          Reference is made to (a) the Revolving
Credit and Term Loan Agreement dated as of December 21, 2007 (the “Loan Agreement”) by
and between ComVest Capital, LLC (the “Lender”) and
Aftersoft Group, Inc. (the “Borrower”), and (b)
the Revolving Credit Note dated December 21, 2007 in the maximum principal
amount of $1,000,000 issued by the Borrower to the Lender (the “Revolving Credit
Note”).  All capitalized terms used herein without definition
have the respective meanings ascribed to them in the Loan
Agreement.

          

          The
Lender hereby confirms the Borrower’s advice that the Borrower is not in
compliance with Section 6.17 of the Loan Agreement for the four (4) consecutive
quarters ended December 31, 2008.  The Lender hereby waives compliance
with Section 6.17 of the Loan Agreement for the four (4) consecutive quarters
ended on December 31, 2008, provided that such waiver is limited to such four
(4) quarter period and shall not constitute a waiver or amendment of Section
6.17 with respect to any other period or any other provision of the Loan
Agreement in any other respect.

          

          In
consideration of the foregoing waiver, the Borrower has agreed (and, by its
signature below, hereby confirms) that the minimum interest rate under the
Revolving Credit Note shall, effective as of February 1, 2009, be increased from
9.5% per annum to 11% per annum (and, by reason thereof, the words “nine and
one-half (9.5%) percent” contained in clause (b) of the first paragraph of the
Revolving Credit Note are hereby replaced with the words “eleven (11%) percent”
effective as of February 1, 2009); provided, however, that if the
Borrower hereafter demonstrates, to the Lender’s reasonable satisfaction,
restored compliance with Section 6.17 of the Loan Agreement as of the close of
any fiscal quarter ending on or after March 31, 2009, then the minimum interest
rate under the Revolving Credit Note shall be restored to 9.5% per annum
effective as of the first day of the calendar month next succeeding the
Borrower’s demonstrated quarter-end compliance with such Section
6.17.  This waiver and amendment may be attached to and shall form a
part of the Revolving Credit Note; and, upon request of the Lender at any time,
the Borrower shall execute and deliver an amended and restated Revolving Credit
Note setting forth the modified interest rate herein provided.

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

          Except as
expressly set forth herein, all of the terms and conditions of the Loan
Agreement, the Revolving Credit Note and the other Loan Documents remain
unchanged and in full force and effect.

          

          This
waiver and amendment may not be modified or amended except pursuant to a further
written agreement signed by the party to be charged therewith.

           

        

      

    

    
      
        	 	 	 
	 	
                Very
      truly yours,

                 

                COMVEST
      CAPITAL, LLC

              	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Gary
      E. Jaggard	 
	 	 	
                Gary
      E. Jaggard

                Managing
      Director

              	 
	 	 	 	 
	 	 	 	 

      

    

     

     

    Acknowledged,
Confirmed and Agreed To:

     

    AFTERSOFT
GROUP, INC.

    
      
        	 	 	 	 	 	 
	By:	
                /s/
      Ian
      Warwick

              	 	 	
                 

              	 
	 	
                Name:  Ian
      Warwick

                Title:  President
      and CEO

              	 	 	
                 

              	 
	 	
                 

              	 	 	
                 

              	 

      

    

     

     

    
      
        
        

      

      
        2Exhibit
10.8

    

    FIRST AMENDMENT TO NOTE AND
SECURITY AGREEMENT

     

    THIS FIRST AMENDMENT (THE “FIRST
AMENDMENT”) DATED MARCH
25, 2009 TO THE NOTE AND
SECURITY AGREEMENT (THE
“AGREEMENT”) DATED AS OF
SEPTEMBER 4, 2007 AMONG
SAFESTICH MEDICAL, INC., SAFESTITCH, LLC (COLLECTIVELY THE “BORROWER”) AND THE
UNDERSIGNED LENDERS (“LENDERS”).

    

    RECITALS

     

    WHEREAS, Borrower and Lenders
(collectively, the “Parties”) are parties to the Agreement which became
effective on September 4, 2007; and

     

    WHEREAS, the Borrowers and
Lenders desire to amend the Agreement to extend the Maturity Date (as defined in
the Agreement) from December 31, 2009 until June 30, 2010.

     

    NOW THEREFORE, in
consideration of the mutual covenants and promises contained in the Agreement
and this First Amendment and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, Borrower and Lenders agree as
follows:

     

    AMENDMENT

     

    1.           Extension of Maturity
Date.  Section 3 of the Agreement is hereby amended and
restated in its entirety as follows:

     

    Payments of Obligations,
including Principal and Interest.  The
principal amount of the Loan evidenced hereby, together with any accrued and
unpaid interest, and any and all the Obligations, including unpaid costs, fees
and expenses accrued, such as Lender’s Expenses, shall be due and payable in
full on June 30, 2010 (the “Maturity
Date”).

     

    2.           Governing Law.  This
First Amendment shall be governed by the laws of the State of Florida without
regard to its conflict of laws rules or principles.

    

    3.           Amendments.  Except
as expressly amended hereby, the Agreement shall remain unmodified and in full
force and effect.

    

    4.           Entire
Agreement.  This First Amendment and the Agreement and any
schedules or exhibits attached to the Agreement constitute the entire agreement
of the Parties with respect to the subject matter hereof and supersede all prior
understandings and writings between the Parties relating thereto.

    

    5.           Interpretation.  Any
capitalized terms used in this First Amendment but not otherwise defined shall
have the meaning provided in the Agreement.

    

    6.           Counterparts.  This
First Amendment may be executed manually, electronically in Adobe® PDF file
format, or by facsimile by the Parties, in any number of counterparts, each of
which shall be considered one and the same amendment and shall become effective
when a counterpart hereof shall have been signed by each of the Parties and
delivered to the other Party.

    
      
         

      

      
        Page 1 of
2

        
          

        

      

      
         

      

    

    Exhibit 10.8

     

    IN WITNESS WHEREOF, the
Parties hereto have caused this First Amendment to be executed
in their names as of the date first written above.

    

    
      
        	 
      	
                SAFESTITCH
      MEDICAL, INC.

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Adam S. Jackson

              
	 
      	
                Name:  Adam
      S. Jackson

                Title:
      Chief Financial Officer

              
	 
      	 
      	 
      
	 
      	
                SAFESTITCH
      LLC

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Adam S. Jackson

              
	 
      	
                Name:  Adam
      S. Jackson

                Title:
      Chief Financial Officer

              

      

    

    

    
      
        
          	
                  THE
      FROST GROUP, LLC

                
	 
      
	
                  By:

                	
                  /s/ Phillip Frost, M.D.

                
	
                  Name:
      Phillip Frost, M.D.

                  Title:
      President

                
	 
      
	
                  JEFFREY
      G. SPRAGENS

                
	 
      
	
                  By:

                	
                  /s/ Jeffrey G. Spragens

                
	
                  Name:
      Jeffrey G. Spragens 

                  Title:

                

        

      

    

    
      
         

      

      
        Page 2 of
2EXHIBIT
10.11

     

    Subcontract
Form of Agreement for

    Master
Task Ordering

    Agreement

    

    
      
        
          
            	
                    Subcontractor:

                  	
                    Eberline
      Services, Inc.

                  	 	
                    Subcontract No.:

                  	
                    69899-000-09

                  
	
                    Address:

                  	
                    7021
      Pan American Fwy NE,

                  	 	 
      	 
      
	 
      	
                    Albuquerque,
      NM 87109

                  	 	 
      	 
      
	
                    Contact:

                  	
                    Veronica
      C. Ybarra

                  	 	 
      	 
      
	
                    Telephone:

                  	
                    (505)
      923-2575

                  	 	 
      	 
      
	
                    Facsimile:

                  	
                    (505)
      262-2698

                  	 	 
      	 
      
	
                    E-mail:

                  	
                    vybarra@eberlineservices.com

                  	 	 
      	 
      
	
                    D-U-N-S
      No.:

                  	
                    030666684

                  	 	
                    NAICS Code:

                  	
                    562910

                  

          

        

      

    

    

    This
Master Task Ordering Agreement (MTOA), effective on November 17, 2008, is hereby
made and entered into by and between Los Alamos National Security, LLC
(CONTRACTOR), and the above named SUBCONTRACTOR who hereby agree that all Work
specified below, which is a portion of the goods and services to be provided by
CONTRACTOR for the United States Department of Energy National Nuclear Security
Administration (OWNER), shall be performed by the SUBCONTRACTOR in accordance
with all the provisions of this subcontract, consisting of the following
Subcontract Documents:

    

    Subcontract
Form of Agreement [Rev. 0, Dated 11/4/2008]

    

    Appendix
SFA-1, FAR & DEAR Clauses and DOE Directives Incorporated By Reference [Rev.
0, Dated 11/4/2008]

    

    Exhibit
"A" General Conditions [Rev. 0, Dated 11/4/2008]

    

    Exhibit
"B" Special Conditions [Rev. 0, Dated 11/4/2008

    

    Exhibit
"C" Schedule of Estimated Costs and Fixed-Fee [Rev. 0, Dated
10/16/2008]

    

    Exhibit
"D" Scope of Work and Technical Specifications [Rev. 0, Dated
10/16/2008]

    

    Exhibit
"E" List of Drawings – Reserved for Task Orders [Rev. 0, Dated
11/4/2008]

    

    Exhibit
“F” Environmental, Safety and Health Requirements [Rev. 0, Dated
10/2/2008]

    

    Exhibit
“G” Security Requirements [Rev. 0, Dated 10/15/2008]

    

    Exhibit
“H” Quality Assurance Requirements – Reserved for Task Orders

     

    
      	
              1.

            	
              WORK
      TO BE PERFORMED: In accordance with the subcontract documents,
      SUBCONTRACTOR shall furnish all plant; labor; materials; tools; supplies;
      equipment; transportation; supervision; technical, professional and other
      services; and shall perform all operations necessary and required to
      satisfactorily:

            

    

     

    On a task
order basis provide operational and quality services to ensure site-wide
environmental compliance with laws and regulations in accordance with Exhibit D
Scope of Work and Technical Specifications Rev 1 October 2008.

     

    
      	
              2.

            	
              SCHEDULE:
      The Work shall be performed in accordance with the dates set forth in the
      Exhibit "B" clause titled "COMMENCEMENT, PROGRESS AND COMPLETION OF THE
      WORK." The effective date is to allow for badging and administrative
      transition to the MTOA, and at no cost to the MTOA. The start of the work
      is December 1, 2008 through September 30,
2009.

            

    

     

    
      	
              3.

            	
              CEILING
      PRICE: The Ceiling Price for all work called for under this MTOA is Three
      Million Dollars and No Cents ($3,000,000). Payments will be made to
      SUBCONTRACTOR in accordance with the prices set forth in Exhibit "C" and
      with the payment provisions of this
MTOA.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    The
SUBCONTRACTOR waives its right to monies to which it might otherwise have been
entitled for any amount expended in excess of the ceiling price.

     

    The
CONTRACTOR does not guarantee any work or services under this Agreement unless
specifically authorized by a fully executed task order.

     

    This MTOA
embodies the entire agreement between CONTRACTOR and SUBCONTRACTOR and
supersedes all other writings. The parties shall not be bound by or be liable
for any statement, representation, promise, inducement or understanding not set
forth herein.

    

    
      
        
          	
                  For
      the CONTRACTOR:

                	 
      	
                  For
      the SUBCONTRACTOR:

                
	 
      	 
      	 
      
	
                  By:
      /s/ Diane N. McHugh

                	 
      	
                  /s/
      Carl Lloyd

                
	
                  Title:
      Acquisition Services Manager 2.

                	 
      	
                  Title:
      Vice President/Controller

                
	 
      	 
      	 
      
	
                  Date:
      November 14, 2008

                	 
      	
                  Date:
      November 14, 2008

                

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Exhibit
- A

     

    Subcontract
Form of Agreement for Master Task Ordering Agreement

     

    The
following [schedules and] exhibits have been omitted and will be supplementally
furnished to the Securities and Exchange Commission upon request:

    

    Subcontract
Form of Agreement [Rev. 0, Dated 11/4/2008]

    

    Appendix
SFA-1, FAR & DEAR Clauses and DOE Directives Incorporated By Reference [Rev.
0, Dated 11/4/2008]

    

    Exhibit
"A" General Conditions [Rev. 0, Dated 11/4/2008]

    

    Exhibit
"B" Special Conditions [Rev. 0, Dated 11/4/2008

    

    Exhibit
"C" Schedule of Estimated Costs and Fixed-Fee [Rev. 0, Dated
10/16/2008]

    

    Exhibit
"D" Scope of Work and Technical Specifications [Rev. 0, Dated
10/16/2008]

    

    Exhibit
"E" List of Drawings – Reserved for Task Orders [Rev. 0, Dated
11/4/2008]

    

    Exhibit
“F” Environmental, Safety and Health Requirements [Rev. 0, Dated
10/2/2008]

    

    Exhibit
“G” Security Requirements [Rev. 0, Dated 10/15/2008]

    

    Exhibit
“H” Quality Assurance Requirements – Reserved for Task Orders

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