Common use of Security; Guaranty Clause in Contracts

Security; Guaranty. INVESTORS RIGHTS. The Company's obligations under the Convertible Note will be secured by the collateral set forth in that certain Security and Pledge Agreement (the "DECEMBER SECURITY AGREEMENT") dated as of the Closing Date by and among the Company, the subsidiaries of the Company named therein and ▇▇▇▇▇▇ ▇▇▇▇▇ ("▇▇▇▇▇") as agent for himself and the other purchasers of the Convertible Notes ("AGENT"), in the form attached hereto as EXHIBIT C, and guaranteed pursuant to the Guaranty dated as of the Closing Date (the "DECEMBER GUARANTY") made by the Guarantors (as defined in the December 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. The parties hereto, along with certain other entities or individuals, are entering into an Investor Rights Agreement dated the Closing Date (the "INVESTOR RIGHTS AGREEMENT").

Security; Guaranty. INVESTORS RIGHTS. The Company's obligations under the Convertible Note will be secured by the collateral set forth in that certain Security and Pledge Agreement (the "DECEMBER SECURITY AGREEMENT") dated as of the Closing Date by and among the Company, the subsidiaries of the Company named therein and ▇▇▇▇▇▇ ▇▇▇▇▇ Harris Toibb ("▇▇▇▇▇TOIBB") as agent for himself and the other purchasers of the Convertible purcha▇▇▇▇ ▇▇ ▇▇▇ Con▇▇▇▇▇ble Notes ("AGENT"), in the form attached hereto as EXHIBIT C, and guaranteed pursuant to the Guaranty dated as of the Closing Date (the "DECEMBER GUARANTY") made by the Guarantors (as defined in the December 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. The parties hereto, along with certain other entities or individuals, are entering into an Investor Rights Agreement dated the Closing Date (the "INVESTOR RIGHTS AGREEMENT").