October 18, 2002 [LOGO] MERRILL LYNCH Sel-Leb Marketing, Inc. 495 River Street Paterson, NJ 07524 RE: AMENDMENT TO LOAN DOCUMENTS Ladies and Gentlemen: This Letter Agreement will serve to confirm certain agreements of Merrill Lynch Business Financial...Loan Agreement • November 15th, 2002 • Sel-Leb Marketing Inc • Wholesale-drugs, proprietaries & druggists' sundries
LOGO] MERRILL LYNCH SECURITY AGREEMENT ======================================== ======================================== SECURITY AGREEMENT ("Agreement") dated as of October 18, 2002, between ALES SIGNATURE LTD., a corporation organized and existing...Security Agreement • November 15th, 2002 • Sel-Leb Marketing Inc • Wholesale-drugs, proprietaries & druggists' sundries • Illinois
LOGO] MERRILL LYNCH UNCONDITIONAL GUARANTY ==================================== ============================================ FOR VALUE RECEIVED, and in order to induce MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC. ("MLBFS") to advance moneys or...Unconditional Guaranty • November 15th, 2002 • Sel-Leb Marketing Inc • Wholesale-drugs, proprietaries & druggists' sundries • Illinois
This Guaranty is absolute, unconditional and continuing and shall remain in effect until all of the Obligations shall have been fully and indefeasibly paid, performed and discharged. Upon the occurrence and during the continuance of any default or Event of Default under any of the Guaranteed Documents, any or all of the indebtedness hereby guaranteed then existing shall, at the option of MLBFS, become immediately due and payable from Guarantor (it being understood, however, that upon the occurrence of any "Bankruptcy Event", as defined in the Loan Agreement, all such indebtedness shall automatically become due and payable without action on the part of MLBFS). Notwithstanding the occurrence of any such event, this Guaranty shall continue and remain in full force and effect. To the extent MLBFS receives payment with respect to the Obligations, and all or any part of such payment is subsequently invalidated, declared to be fraudulent or preferential, set aside, required to be repaid by ML
LOGO] MERRILL LYNCH WCMA(R) REDUCING REVOLVER-LOAN AND SECURITY AGREEMENT ===== =========================================================================== WCMA REDUCING REVOLVER(SM) LOAN AND SECURITY AGREEMENT NO. 885-07895 ("Loan Agreement") dated...Loan and Security Agreement • November 15th, 2002 • Sel-Leb Marketing Inc • Wholesale-drugs, proprietaries & druggists' sundries • Illinois
October 18, 2002 [LOGO] MERRILL LYNCH Sel-Leb Marketing, Inc. 495 River Street Paterson, NJ 07524 RE: LOAN DOCUMENTS AMENDMENT AND EXTENSION Ladies and Gentlemen: This Letter Agreement will serve to confirm certain agreements of Merrill Lynch Business...Loan Documents Amendment and Extension • November 15th, 2002 • Sel-Leb Marketing Inc • Wholesale-drugs, proprietaries & druggists' sundries
