ITEM 1.01. Entry into a Material Definitive Agreement.

On September 10, 2009, Avantair, Inc. (the "Company") entered into a second amendment to the Securities Purchase Agreement dated as of June 30, 2009 (and initially amended as of July 31, 2009) among the Company and the purchasers party thereto. The amendment permits the Company to sell additional units under the Securities Purchase Agreement through September 28, 2009.

THE INFORMATION CONTAINED IN THIS REPORT IS NEITHER AN OFFER TO PURCHASE, NOR A SOLICITATION OF AN OFFER TO SELL, SECURITIES. THE SECURITIES OFFERED HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") AND MAY NOT BE OFFERED IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS.