GENERAL SECURITY AGREEMENTGeneral Security Agreement • February 17th, 2011 • SouthPeak Interactive CORP • Services-prepackaged software
The undersigned __________________________ (“Debtor”) and ROSENTHAL & ROSENTHAL, INC. (“Secured Party”), with addresses as they appear with their signatures below, agree as follows:
GUARANTEESouthPeak Interactive CORP • February 17th, 2011 • Services-prepackaged software
In order to induce ROSENTHAL & ROSENTHAL, INC. (herein called "Rosenthal") to make loans, advances or other commitments or grant other financial accommodations to or for the account of (or in reliance on the credit of) _______________________ (herein called "Obligor") and for other good and valuable considerations received, the undersigned irrevocably, absolutely and unconditionally guarantees to Rosenthal payment when due, whether by acceleration or otherwise, of any and all Obligations of the Obligor to Rosenthal. The term "Obligations" shall mean all obligations, liabilities and indebtedness of the Obligor to Rosenthal or an affiliate of Rosenthal, however evidenced, now or hereafter arising including (without limitation) under the Factoring Agreement, dated July 7, 2010, between Rosenthal and Obligor, as the same may have been or may in the future be supplemented and/or amended (the “Factoring Agreement”) and/or under any other financing provided to the Obligor by Rosenthal or an a
WAIVER AND FORBEARANCE AGREEMENTWaiver and Forbearance Agreement • February 17th, 2011 • SouthPeak Interactive CORP • Services-prepackaged software • New York
This Waiver and Forbearance Agreement (the “Agreement”) is made and entered into, effective as of February __, 2011 (the “Effective Date”), by and among SouthPeak Interactive Corporation, Inc., a Delaware corporation (the “Company”), and the note holder listed on the signature page hereto (the “Holder”). Unless otherwise specified herein, capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Notes.
