0001144204-11-037298 Sample Contracts

HARBORCOVE FUND I, LP FACTORING AND SECURITY AGREEMENT
Factoring and Security Agreement • June 24th, 2011 • Titan Energy Worldwide, Inc. • Power, distribution & specialty transformers • New York

Harborcove Fund I, LP (“Harborcove”, “we” or “us” herein) hereby confirms the terms and conditions that are to govern our exclusive factoring arrangement with Grove Power, Inc. (“Client” or “you” herein) through this Factoring and Security Agreement (“Agreement” herein). Once signed by all parties, this Agreement shall be deemed effective as of the date set forth above.

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