GUARANTEE AND WAIVERLevcor International Inc • April 17th, 1998 • Crude petroleum & natural gas
In order to induce CONGRESS TALCOTT CORPORATION (herein called "Factor"), having an office at 1133 AVENUE OF THE AMERICAS NEW YORK, NY 10036, to enter into the foregoing factoring agreement with LEVCOR INTERNATIONAL, INC. (herein called "Obligor") and due to the close business and financial relationship between Obligor and the undersigned, whereby it is in the direct interest and benefit of the undersigned, and for other good and valuable consideration received, the undersigned irrevocably, absolutely and unconditionally guarantees to the Factor prompt payment, performance and observance when due (whether at the stated maturity, by acceleration or otherwise) of any and all Obligations (as such term is defined in the foregoing agreement) of the Obligor to the Factor. In addition, the undersigned agrees to indemnify Factor against any loss, damage or liability because of any wrongful acts of fraud of the Obligor.
BETWEENDiscount Factoring Agreement • April 17th, 1998 • Levcor International Inc • Crude petroleum & natural gas • Delaware
Rider "A" to the Discount Factoring Agreement dated Nov 14, 1997 between Congress Talcott Corporation ("CTC") and LEVCOR INTERNATIONAL, INC.Discount Factoring Agreement • April 17th, 1998 • Levcor International Inc • Crude petroleum & natural gas
This will confirm our understanding that in the event we withdraw a credit approval before delivery on goods for which you have specifically and irrevocably purchased raw materials, we will be responsible for the cost of such goods in an amount not to exceed your cost of raw material and direct labor.
NationsBanc Commercial Corporation Asset Based Financial Services P.O. Box 4095 Atlanta, GA 30302-4095 NationsBank January 16, 1997 Levcor International, Inc. 1071 Avenue of the Americas New York, NY 10018 RE: Factoring Agreement between us dated June...Levcor International Inc • April 17th, 1998 • Crude petroleum & natural gas
This is to confirm our understanding that effective January 1, 1997, the minimum commissions paid each calendar year as provided in Section 2.5 of the Factoring Agreement shall be deleted in its entirety.
