Stock Pledge Agreement. To secure the obligations of the Company under this Agreement and the Note, the Company shall pledge, hypothecate, and assign, to the Purchaser all the capital stock of its Subsidiaries (the “Pledged Shares”), pursuant to that certain Stock Pledge Agreement and Escrow Agreement, dated as of February 1, 2007 between the Company and the Purchaser (the “Stock Pledge Agreement”). The parties acknowledge and agree that the term “Obligations” as defined in the Stock Pledge Agreement, includes all obligations of the Company to the Purchaser, including without limitation, those obligations of the Company under the Note and Transaction Documents. The Parties further acknowledge that the Pledged Shares were previously transferred and delivered to Qxxxxxx & Bxxxx LLP (the “Escrow Agent”) pursuant to the terms of that certain Stock Pledge and Escrow Agreement, dated August 11, 2006.
Appears in 4 contracts
Samples: Securities Exchange Agreement (Medical Media Television, Inc.), Securities Exchange Agreement (Medical Media Television, Inc.), Note Purchase Agreement (Medical Media Television, Inc.)
