SECURITY AGREEMENTSecurity Agreement • December 9th, 2009 • Future Now Group Inc. • Services-business services, nec
THIS SECURITY AGREEMENT (this “Agreement”) is made as of the 2nd day of December, 2009, by FUTURE NOW GROUP, INC., a Delaware corporation (the “Company”), FUTURE NOW, INC., a Delaware corporation, having a mailing address at 80 Mountain Laurel Road, Fairfield, CT, 06824 (“FNI”), INTELLECTUAL PROPERTY LICENSING GROUP, INC., a Delaware corporation, having a mailing address at 80 Mountain Laurel Road, Fairfield, CT, 06824 ("IPLG"), ELEMENTAL BUSINESS, INC., a Utah corporation, having a mailing address at 80 Mountain Laurel Road, Fairfield, CT, 06824 (“EBI”), FUTURE NOW CONSULTING, INC., a Delaware corporation (“FNC” and together with the Company, FNI, IPLG and EBI, individually and collectively, jointly and severally, the “Debtors”) in favor of and for the benefit and security of PROFESSIONAL OFFSHORE OPPORTUNITY FUND, LTD., having a mailing address at 1400 Old Country Road, Suite 206, Westbury, NY 11590 (the “Secured Party”).
SECURED CONTINUING UNCONDITIONAL GUARANTYSecured Continuing Unconditional Guaranty • December 9th, 2009 • Future Now Group Inc. • Services-business services, nec • New York
This SECURED CONTINUING UNCONDITIONAL GUARANTY (this “Guaranty”), is made this 2nd day of December, 2009, by FUTURE NOW, INC., a Delaware corporation, having a mailing address at 80 Mountain Laurel Road, Fairfield, CT, 06824 (“FNI”), INTELLECTUAL PROPERTY LICENSING GROUP, INC., a Delaware corporation, having a mailing address at 80 Mountain Laurel Road, Fairfield, CT, 06824 ("IPLG"), ELEMENTAL BUSINESS, INC., a Utah corporation, having a mailing address at 80 Mountain Laurel Road, Fairfield, CT, 06824 (“EBI”), FUTURE NOW CONSULTING, INC., a Delaware corporation (“FNC” and together with FNI, IPLG and EBI, individually and collectively, jointly and severally, the “Guarantor”) in favor of and for the benefit and security of PROFESSIONAL OFFSHORE OPPORTUNITY FUND, LTD., having a mailing address at 1400 Old Country Road, Suite 206, Westbury, NY 11590 (the “Secured Party”).
