EXHIBIT 10.5 SUBSCRIPTION AGREEMENT ---------------------- LBU, Inc. 310 Paterson Plank Road Carlstadt, New Jersey 07072 Dear Sir:Subscription Agreement • April 22nd, 1998 • Lbu Inc • Security & commodity brokers, dealers, exchanges & services • New York
BAGS OF CARLSTADT, INC. an affiliate of LBU, INC., having an address at 27-50 First Street, Long Island City, New York 11102 as Tenant WITNESSETH: That the said Landlord has let unto the said Tenant and the said Tenant has hired from the said...Lease Agreement • April 22nd, 1998 • Lbu Inc • Security & commodity brokers, dealers, exchanges & services
GUARANTY -------- Re: LBU, INC. (the "Client") 27-50 First Street Long Island City, New York 11102 Gentlemen: Reference is made to certain factoring or financing agreements or arrangements (herein the "Agreements") between you and the above-named...Lbu Inc • April 22nd, 1998 • Security & commodity brokers, dealers, exchanges & services • New York
This Guaranty is executed as an inducement to you to make loans or advances to the Client or otherwise to extend credit or financial accommodations to the Client, or to enter into or continue a factoring or financing arrangement with the Client, and is executed in consideration of your doing or having done any of the foregoing. Each of the undersigned agrees that any of the foregoing shall be done or extended by you in your sole discretion, and shall be deemed to have been done or extended by you in consideration of and in reliance upon the execution of this Guaranty, but that nothing herein shall obligate you to do any of the foregoing.
THE CIT GROUP Oct. 25, 1993Factoring Agreement • April 22nd, 1998 • Lbu Inc • Security & commodity brokers, dealers, exchanges & services • New York
January 4, 1995 LBU, Inc. 27-50 First Street Long Island City, New York 11102 INVENTORY SECURITY AGREEMENT ---------------------------- Gentlemen: 1. As security for the prompt payment in full of all loans and advances made and to be made to you from...Inventory Security Agreement • April 22nd, 1998 • Lbu Inc • Security & commodity brokers, dealers, exchanges & services • New York
