Common use of Greetings Clause in Contracts

Greetings. Please take notice that all accounts receivable of the above-captioned Debtor have been assigned to The Merchants Bank of New York, a division of Valley National Bank ("Merchants") and that pursuant to the terms of agreements between the Debtor and Merchants all monies now or hereafter becoming due and owing by you to the Debtor must be paid to Merchants at the following address: ▇▇▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇ as Agents for the Network60 Share Owners ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Please take notice that payment to the Debtor of any such monies after the date of receipt of this notice may result in liability to Merchants for the amount of such payment. Enclosed is a certified true copy of an authorization executed by the Debtor. If you have any questions about this matter, please call _______________ at _______________. Thank you for your cooperation in this matter. Very truly yours, SCHEDULE A to Security Agreement and UCC-1 Financing Statements granted by the Debtor in favor of ▇▇▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇, as Agent for the Network60 Share Owners pursuant to the Security Agreement dated as of _______________, 2002 Collateral Description Continued: --------------------------------- As used herein, UCC means the Uniform Commercial Code of the State of New York as in effect on the date of this filing. All of the following types of Collateral, now owned or hereafter acquired, arising or existing, as such types are defined in any revision of the Uniform Commercial Code as may be enacted in New York, and in particular any revision based upon the 1999 Official Text of the Uniform Commercial Code published by the American Law Institute and the National Conference of Commissioners on Uniform State Laws, AND INTENDING THEREBY TO INCLUDE AS COLLATERAL ALL PERSONAL PROPERTY OF THE DEBTOR: ----------------------------------------------------------------------------------------------- 51. Accessions 68. Entitlement Orders 85. Notes 52. Accounts 69. Farm Products 86. Payment Intangibles 53. As-Extracted Collateral 70. Financial Assets 87. Payment Orders 54. Assets 71. Fixtures 88. Proceeds 55. Cash Proceeds 72. General Intangibles 89. Proceeds of a Letter of 56. Certificated Securities 73. Goods Credit 57. Checks 74. Health-Care-Insurance 90. Promissory Notes 58. Chattel Paper Receivables 91. Records 59. Commercial Tort Claims 75. Instructions 92. Securities Accounts 60. Commodity Accounts 76. Instruments 93. Securities 61. Commodity Contracts 77. Inventory 94. Securities Certificates 62. Contracts for Sale 78. Investment Property 95. Security Entitlements 63. Deposit Accounts 79. Items 96. Software 64. Documents 80. Leasehold Interests 97. Supply Contracts 65. Drafts 81. Letter-of Credit Rights 98. Supporting Obligations 66. Electronic Chattel Paper 82. Manufactured Homes 99. Tangible Chattel Paper 67. Equipment 83. Nonnegotiable Instruments 100. Uncertificated Securities 84. Noncash Proceeds ----------------------------------------------------------------------------------------------- SCHEDULE B to Security Agreement granted by the Debtors in favor of ▇▇▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇, as Agent for the Network60 Share Owners pursuant to the Security Agreement dated as of _______________, 2002

Greetings. Please take notice that all accounts receivable of the above-captioned Debtor have been assigned to The Merchants Bank of New York, a division of Valley National Bank ("Merchants") and that pursuant to the terms of agreements between the Debtor and Merchants all monies now or hereafter becoming due and owing by you to the Debtor must be paid to Merchants at the following address: ▇▇▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇ as Agents for the Network60 Share Owners ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Please take notice that payment to the Debtor of any such monies after the date of receipt of this notice may result in liability to Merchants for the amount of such payment. Enclosed is a certified true copy of an authorization executed by the Debtor. If you have any questions about this matter, please call _______________ at _______________. Thank you for your cooperation in this matter. Very truly yours, SCHEDULE A to Security Agreement and UCC-1 Financing Statements granted by the Debtor in favor of ▇▇▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇, as Agent for the Network60 Share Owners pursuant to the Security Agreement dated as of _______________, 2002 Collateral Description Continued: --------------------------------- -------------------------------- As used herein, UCC means the Uniform Commercial Code of the State of New York as in effect on the date of this filing. All of Allof the following types of Collateral, now owned or hereafter acquired, arising or existing, as such types are defined in any revision of the Uniform Commercial Code as may be enacted in New York, and in particular any revision based upon the 1999 Official Text of the Uniform Commercial Code published by the American Law Institute and the National Conference of Commissioners on Uniform State Laws, AND INTENDING THEREBY TO INCLUDE AS COLLATERAL ALL PERSONAL PROPERTY OF THE DEBTOR: ----------------------------------------------------------------------------------------------- 511. Accessions 6818. Entitlement Orders 8535. Notes 522. Accounts 6919. Farm Products 8636. Payment Intangibles 533. As-Extracted Collateral 7020. Financial Assets 8737. Payment Orders 544. Assets 7121. Fixtures 8838. Proceeds 555. Cash Proceeds 7222. General Intangibles 8939. Proceeds of a Letter of 566. Certificated Securities 7323. Goods Credit 577. Checks 7424. Health-Care-Insurance 9040. Promissory Notes 588. Chattel Paper Receivables 9141. Records 599. Commercial Tort Claims 7525. Instructions 9242. Securities Accounts 6010. Commodity Accounts 7626. Instruments 9343. Securities 6111. Commodity Contracts 7727. Inventory 9444. Securities Certificates 6212. Contracts for Sale 7828. Investment Property 9545. Security Entitlements 6313. Deposit Accounts 7929. Items 9646. Software 6414. Documents 8030. Leasehold Interests 9747. Supply Contracts 6515. Drafts 8131. Letter-of Credit Rights 9848. Supporting Obligations 6616. Electronic Chattel Paper 8232. Manufactured Homes 9949. Tangible Chattel Paper 6717. Equipment 8333. Nonnegotiable Instruments 10050. Uncertificated Securities 8434. Noncash Proceeds ----------------------------------------------------------------------------------------------- SCHEDULE B to Security Agreement granted by the Debtors in favor of ▇▇▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇, as Agent for the Network60 Share Owners pursuant to the Security Agreement dated as of _______________, 2002