ContractSecurity Agreement this Security Agreement • December 27th, 2002 • Eos International Inc • Services-educational services • New York
SECURITY AGREEMENT THIS SECURITY AGREEMENT (this “Agreement”) is made as of this 27th day of December, 2002 by and between DISCOVERY TOYS, INC. (the “Borrower”), a California corporation, with an address at 6400 Brisa Street, Livermore, CA 94550 and AVON PRODUCTS, INC. (the “Creditor”), a New York corporation, with an address at 1345 Avenue of the Americas, New York, NY 10105. Under the terms hereof, the Creditor desires to obtain and the Borrower desires to grant the Creditor security for all of the Obligations (as hereinafter defined). NOW, THEREFORE, the Borrower and the Creditor, intending to be legally bound, hereby agree as follows: 1. Definitions. “Bank Control Agreement” shall have the meaning set forth in Section 8(d) herein. “Chattel Paper” shall have the meaning set forth in the UCC. “Collateral” shall mean and include all of the following assets, properties, rights and interests of Borrower, including, without limitation, all such items referenced in the Perfection Certific
