ASSET PURCHASE AGREEMENTAsset Purchase Agreement • December 22nd, 2008 • Document Security Systems Inc • Services-computer integrated systems design • New York
THIS AGREEMENT is made by and among DPI of Rochester, LLC, a New York limited liability company with an address at 1560 Emerson Street, Rochester, New York 14606 ("Seller"); James Stanley, an individual residing in the State of New York (“Stanley”); Matthew Kellman, an individual residing in the State of New York (“Kellman”); and Secuprint Inc., a New York corporation with an address at 28 East Main Street, Rochester, New York 14614 ("Buyer"), a subsidiary of Document Security Systems, Inc. The Seller, Stanley, Kellman and the Buyer and are collectively referred to as the “Parties” and individually as a “Party.”
SECURITY AGREEMENTSecurity Agreement • December 22nd, 2008 • Document Security Systems Inc • Services-computer integrated systems design • New York
WHEREAS, pursuant to a Secured Promissory Note, dated as of the date hereof (the “Note”), from the Borrower and Document Security Systems, Inc. (“DSSI”) in favor of the Lender, the Lender has agreed to make certain a loan (the “Loan”) to the Borrower in an aggregate principal amount of up to $1,000,000;
