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FIRST AMENDMENT
TO
SECURITY
AGREEMENT
This FIRST AMENDMENT TO SECURITY AGREEMENT (this
" Amendment "), effective as of June 30, 2008, is made by
and between Well Chance Investments Limited, a company incorporated
in the British Virgin Islands (the " Company "), and RMK
Emerging Growth Opportunity Fund LP, a Delaware limited partnership
(the " Lender ").
WHEREAS, on January 31, 2008, the Company
entered into a Security Agreement (the " Security Agreement
") with the Lender to secure the loan (the " RMK Loan ")
made under a Loan Agreement with the Lender (the " Loan
Agreement "); and
WHEREAS, subsequent to executing the Loan
Agreement, the parties determined that the aggregate amount for the
RMK Loan should be 375,733.15, consisting of an Initial Loan of
$175,733.15, and an Additional Loan of up to $200,000, which is
consistent with the outstanding balance as of March 31,
2008.
NOW, THEREFORE, for good and valuable
consideration, the receipt of which is hereby acknowledged, the
parties hereto hereby agree as follows:
1.
Defined Terms
. Capitalized terms used but not
defined herein have the meanings assigned to them in the Loan
Agreement.
2.
Amendment of Recitals
. The first WHEREAS clause in the
Security Agreement is hereby deleted in its entirety and replaced
by the follo
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