Exhibit 10.1 SECURITIES PURCHASE AGREEMENT ----------------------------- LAURUS MASTER FUND, LTD.Securities Purchase Agreement • June 8th, 2006 • Elec Communications Corp • Telephone communications (no radiotelephone) • New York
Exhibit 10.8 THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THIS WARRANT AND THE COMMON STOCK ISSUABLE UPON...Elec Communications Corp • June 8th, 2006 • Telephone communications (no radiotelephone) • New York
THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THIS WARRANT AND THE COMMON STOCK ISSUABLE UPON EXERCISE OF THIS...Elec Communications Corp • June 8th, 2006 • Telephone communications (no radiotelephone) • New York
Exhibit 10.4 FUNDS ESCROW AGREEMENT This Agreement (this "Agreement") is dated as of the 31st day of May 2006 among eLEC COMMUNICATIONS CORP., a New York corporation (the "Company"), Laurus Master Fund, Ltd. (the "Purchaser"), and Loeb & Loeb LLP (the...Funds Escrow Agreement • June 8th, 2006 • Elec Communications Corp • Telephone communications (no radiotelephone) • New York
Exhibit 10.3 REAFFIRMATION AND RATIFICATION AGREEMENTReaffirmation and Ratification Agreement • June 8th, 2006 • Elec Communications Corp • Telephone communications (no radiotelephone) • New York
Exhibit 10.5 RESTRICTED ACCOUNT AGREEMENT ---------------------------- This Restricted Account Agreement (this "Agreement") is entered into this 31st day of May, 2006, by and among NORTH FORK BANK, a New York banking corporation with offices at 275...Restricted Account Agreement • June 8th, 2006 • Elec Communications Corp • Telephone communications (no radiotelephone) • New York
Exhibit 10.2 SECURED TERM NOTE ----------------- FOR VALUE RECEIVED, ELEC COMMUNICATIONS CORP., a New York corporation (the "Company"), promises to pay to LAURUS MASTER FUND, LTD., c/o M&C Corporate Services Limited, P.O. Box 309 GT, Ugland House,...Secured Term • June 8th, 2006 • Elec Communications Corp • Telephone communications (no radiotelephone) • New York
ARTICLE I INTEREST & AMORTIZATION 1.1 Interest Rate. Subject to Sections 3.2 and 4.6 hereof, interest -------------- payable on this Note shall accrue at a rate per annum (the "Interest Rate") equal to the "prime rate" published in The Wall Street...Secured Term Note • June 8th, 2006 • Elec Communications Corp • Telephone communications (no radiotelephone) • New York
