0000950116-04-003471 Sample Contracts

November 12, 2004
Employment Agreement • November 18th, 2004 • Stonepath Group Inc • Services-management consulting services • Delaware

This letter has been prepared to confirm our agreement with respect to your continued role at Stonepath Group, Inc. (the “Company”).

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SEVENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT
Loan and Security Agreement • November 18th, 2004 • Stonepath Group Inc • Services-management consulting services • Pennsylvania

This Seventh Amendment to Loan and Security Agreement (“Amendment”) is made as of the 17th day of November, 2004 by and among LASALLE BUSINESS CREDIT, LLC, a Delaware limited liability company (successor by merger to LASALLE BUSINESS CREDIT, INC.) (“Lender”), Two Commerce Square, Suite 2610, 2001 Market Street, Philadelphia, PA 19103, and STONEPATH GROUP, INC., a Delaware corporation (“Stonepath”), CONTRACT AIR, INC., a Minnesota corporation (“Contract Air”), DISTRIBUTION SERVICES, INC., a Minnesota corporation (“Distribution Services”), GLOBAL CONTAINER LINE, INC., a Washington corporation (“Global Container”), M.G.R., INC., d/b/a AIR PLUS LIMITED, a Minnesota corporation (“Air Plus”), NET VALUE, INC., a Delaware corporation (“Net Value”), STONEPATH LOGISTICS DOMESTIC SERVICES, INC., a Delaware corporation (“Logistics”), STONEPATH LOGISTICS GOVERNMENT SERVICES, INC., f/k/a Transport Specialists, Inc., a Virginia corporation (“Government Services”), STONEPATH LOGISTICS INTERNATIONAL SE

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