AMENDMENT TO
SECURITIES PURCHASE AGREEMENT
THIS AMENDMENT TO SECURITIES PURCHASE AGREEMENT
(this
"SPA Amendment") is dated as of this 9th day of July,
2008 among
Elizabeth Plaza ("Purchaser"), and each of the sellers listed
on
Exhibit A of
the Securities Purchase Agreement described in greater detail
herein (collectively, the "Sellers" and individually, a
"Seller") .
RECITALS
WHEREAS ,
the Sellers are the owners of three year warrants to purchase
shares of common stock, par value $0.0001 of Pharma-Bio
Serv, Inc., a Delaware corporation (the "Company");
and
WHEREAS ,
the Sellers and Purchaser entered into that certain Securities
Purchase Agreement dated December 12, 2007 (the "SPA") pursuant to
which Purchaser had agreed to purchase warrants to purchase an
aggregate of Four Hundred Sixty Six Thousand, Six Hundred Sixty
Seven (466,667) shares of common stock, par value $0.0001 (the
"Warrants") of the Company in consideration for $0.77 per Warrant;
and
WHEREAS ,
the Sellers and Purchaser desire to amend the SPA by entering into
this SPA Amendment.
NOW ,
THEREFORE ,
for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties agree as
follows:
TERMS
1.
Definitions .
Capitalized terms used herein and not defined herein shall have the
meaning ascribed to such term as set forth in the SPA and all
references to Sections, shall mean the Sections of the SPA unless
reference is made to another document. Capitalized terms used
herein and defined herein shall be substituted for any identical
capitalized terms in the SPA.
2.
Amendment to Agreement .
The
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