Common use of Security; Guaranty Clause in Contracts

Security; Guaranty. The Company's obligations under the Convertible Notes will be secured by the collateral set forth in that certain Security Agreement (the "SECURITY AGREEMENT") dated as of the Closing Date between the Company and Harris Toibb ("TOIBB") as Agent for himself and the other purcha▇▇▇▇ ▇▇ ▇▇▇ Con▇▇▇▇▇ble Notes, in the form attached hereto as EXHIBIT C, and guaranteed pursuant to the Guaranty made by the Guarantors (as defined in the Guaranty) in favor of Toibb as Agent for himself and the other purchasers of the Convertible Notes, in the form attached hereto as EXHIBIT D.