SUBORDINATION AGREEMENTSubordination Agreement • November 2nd, 2012 • Singing Machine Co Inc • Phonograph records & prerecorded audio tapes & disks • Michigan
Contract Type FiledNovember 2nd, 2012 Company Industry JurisdictionTHIS AGREEMENT is made this ________ day of________________, 2 012, by and between Crestmark Bank, a Michigan banking corporation, having offices at 5480 Corporate Drive, Suite 350, Troy, Michigan 48098(the "Bank"), The Singing Machine Company, Inc., a Delaware corporation whose address is 6301 N.W. 5th Way, Suite 2900, Ft. Lauderdale, FL 33309 and SMC (COMERCIAL OFFSHORE DE MACAU) LIMITADA, a Macau corporation whose address is Alameda Dr. Carlos D'Assumpacao, 181-187 Edificiio Jardim Brilhamtismo, 19 andar D, Macau (individually or collectively referred to herein as the "Borrower"), and Ram Light Management Limited, whose address is 232 Aberdeen Main Road, Shing Dao Industrial Building, 5th Floor, Hong Kong (the "Subordinating Creditor").
SUBORDINATION AGREEMENTSubordination Agreement • November 2nd, 2012 • Singing Machine Co Inc • Phonograph records & prerecorded audio tapes & disks • Michigan
Contract Type FiledNovember 2nd, 2012 Company Industry JurisdictionTHIS AGREEMENT is made this day of , 2012, by and between Crestmark Bank, a Michigan banking corporation, having offices at 5480 Corporate Drive, Suite 350, Troy, Michigan 48098(the "Bank"), The Singing Machine Company, Inc., a Delaware corporation whose address is 6301 N.W. 5th Way, Suite 2900, Ft. Lauderdale, FL 33309 and SMC (COMERCIAL OFFSHORE DE MACAU) LIMITADA, a Macau corporation whose address is Alameda Dr. Carlos D'Assumpacao, 181-187 Edificiio Jardim Brilhamtismo, 19 andar D, Macau (individually or collectively referred to herein as the "Borrower"), and Starlight Marketing Development Limited, whose address is 232 Aberdeen Main Road, Shing Dao Industrial Building, 5th Floor, Hong Kong (the "Subordinating Creditor").