LOAN AND SECURITY AGREEMENTLoan and Security Agreement • May 8th, 2008 • CHDT Corp • Services-business services, nec • New York
THIS LOAN AND SECURITY AGREEMENT made as of May 1, 2008, by and between STERLING NATIONAL BANK, a national banking association, having an office located at 500 Seventh Avenue, New York, New York 10018 (hereinafter referred to as the "Bank" or "Secured Party"), CAPSTONE INDUSTRIES, INC., a Florida corporation having its principal and chief executive office at 350 Jim Moran Blvd., Deerfield Beach, Florida 33442 (hereinafter referred to as the "Borrower" or "Debtor"), CHDT CORPORATION, a Florida corporation, with offices located at 350 Jim Moran Blvd., Deerfield Beach, Florida 33442 (the “Entity Guarantor”) and HOWARD ULLMAN, residing at 5000 Thoroughbred Land, Southwest Ranches, Florida 33330, and with offices located at 350 Jim Moran Blvd., Deerfield Beach, Florida 33442 (the “Individual Guarantor” and together with the Entity Guarantor, hereinafter collectively referred to as the "Guarantors");
SUBORDINATION AGREEMENTSubordination Agreement • May 8th, 2008 • CHDT Corp • Services-business services, nec
THIS SUBORDINATION AGREEMENT made as of ___________, 2008, by HOWARD ULLMAN, residing at 5000 Thoroughbred Land, Southwest Ranches, Florida 33330, and with offices located at 350 Jim Moran Blvd., Deerfield Beach, Florida 33442 (hereinafter designated the "Undersigned" or "Subordinator"), in favor of STERLING NATIONAL BANK, a national banking association, having an office located at 500 Seventh Avenue, New York, New York 10018 (hereinafter designated the "Bank");
GUARANTEEGuarantee • May 8th, 2008 • CHDT Corp • Services-business services, nec
THIS GUARANTEE made as of May 1, 2008, by CHDT CORPORATION, a Florida corporation, with offices located at 350 Jim Moran Blvd., Deerfield Beach, Florida 33442 (the "Guarantor" or the "Undersigned"), in favor of STERLING NATIONAL BANK, a national banking association, having an office located at 500 Seventh Avenue, New York, New York 10018 (hereinafter referred to as the "Bank");
STERLING NATIONAL BANK LOCKBOX AGREEMENTLockbox Agreement • May 8th, 2008 • CHDT Corp • Services-business services, nec • New York
We are pleased to confirm that we have established a lockbox on your behalf whereby your customers are to send their remittances to you in care of Post Office Box # 768 and we are to process all mail received at said post office box number in accordance with the following terms and conditions.
SUBORDINATION AGREEMENTSubordination Agreement • May 8th, 2008 • CHDT Corp • Services-business services, nec
THIS SUBORDINATION AGREEMENT made as of May 1, 2008, by HOWARD ULLMAN, residing at 5000 Thoroughbred Land, Southwest Ranches, Florida 33330, and with offices located at 350 Jim Moran Blvd., Deerfield Beach, Florida 33442 (hereinafter designated the "Undersigned" or "Subordinator"), in favor of STERLING NATIONAL BANK, a national banking association, having an office located at 500 Seventh Avenue, New York, New York 10018 (hereinafter designated the "Bank");
