Security Agreement (All Assets)Security Agreement • June 12th, 2007 • Dreams Inc • Retail-hobby, toy & game shops
As of June , 2007, for value received, the undersigned (individually and collectively “Debtors”) pledge, assign and grant to Comerica Bank (“Bank”), whose address is 39200 Six Mile Road, Livonia, Michigan 48152, Attention: Commercial Loan Documentation, Mail Code 7578, a continuing security interest and lien (any pledge, assignment, security interest or other lien arising hereunder is sometimes referred to herein as a “security interest”) in the Collateral (as defined below) to secure payment when due, whether by stated maturity, demand, acceleration or otherwise, of all existing and future indebtedness (“Indebtedness”) to the Bank of N/A (“Borrower”) and/or Debtors. Indebtedness includes without limit any and all obligations or liabilities of the Borrower and/or Debtors, or any of them, to the Bank, whether absolute or contingent, direct or indirect, voluntary or involuntary, liquidated or unliquidated, joint or several, known or unknown; any and all obligations or liabilities for whi
Dreams, Inc. Two S. Plantation Drive, Suite 325 Plantation, FL 33324 Ladies and Gentlemen:Dreams Inc • June 12th, 2007 • Retail-hobby, toy & game shops • Michigan
This letter constitutes an agreement by and between COMERICA BANK, a Michigan banking corporation (herein called “Bank”), and (i) Dreams, Inc. a Utah corporation, registered in Florida as a foreign corporation under the name Dreams of Utah, Inc. and dba Dreams, Inc. (individually “Dreams”, and as authorized agent for each of the other Borrowers “Authorized Agent”), (ii) Dreams Franchise Corporation, a California corporation (“Franchise”), (iii) Dreams Entertainment, Inc., a Utah corporation (“Entertainment”), (iv) Dreams Products, Inc., a Utah corporation, Inc. (“Products”), (v) Dreams Retail Corporation, a Florida corporation (“Retail”), (vi) Dreams/Pro Sports, Inc., a Florida corporation (“Pro Sports”), (vii) Fansedge Corporation, a Delaware corporation (“Fansedge”), (viii) The Greene Organization, Inc., a Florida corporation (“Greene”), (ix) The Sports Collectibles & Auction Borrower, Inc., a Florida corporation (“Collectibles”), (x) Dreams Unique, Inc., a Florida corporation (“Uniq
