GUARANTYGuaranty • May 19th, 2005 • Infotech Usa Inc • Services-computer integrated systems design
For valuable consideration received, including, but without limitation, any and all sales of goods, extension of credit or other financial accommodation, whether heretofore or hereafter made from time to time by INGRAM MICRO INC., a Delaware corporation with an office at 1759 Wehrle Drive, Williamsville, New York 14221-7887, its subsidiaries, affiliates, divisions, successors and assigns (collectively, “Ingram”) to InfoTech USA, Inc., a New Jersey corporation with an office at 7 Kingsbridge Road, Fairfield, NY 07004, its subsidiaries, affiliates, divisions, successors and assigns (collectively, “Debtor”), or for any other good and valuable consideration, the undersigned, Information Technology Services, Inc, a New York corporation, and its successors and assigns (collectively, “Guarantor”) each hereby unconditionally and irrevocably guarantees the full and prompt payment to Ingram when due, whether by acceleration or otherwise, of any and all Indebtedness (as hereinafter defined) of De
SECURITY AGREEMENTSecurity Agreement • May 19th, 2005 • Infotech Usa Inc • Services-computer integrated systems design
The undersigned (hereinafter called the “Debtor”) and INGRAM MICRO INC. (hereinafter called the “Secured Party”), for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby agree as follows: 1. SECURITY INTEREST. The Debtor hereby grants to the Secured Party a security interest (hereinafter called the “Security Interest”) in all property of the following types, wherever located and whether now owned or hereafter owned or acquired by the Debtor, whether or not affixed to realty, in all Proceeds and Products thereof in any form, in all parts, accessories, attachments, special tools, additions, replacements, substitutions and accessions thereto or therefor, and in all increases or profits received therefrom: all Equipment, Inventory, Accounts and Chattel Paper (hereinafter collectively called the “Collateral”). 2. OBLIGATIONS SECURED. The Security Interest secures the full and punctual payment and performance when due, whether at a stated tim
INTERCREDITOR AND SUBORDINATION AGREEMENTIntercreditor and Subordination Agreement • May 19th, 2005 • Infotech Usa Inc • Services-computer integrated systems design • New York
This Intercreditor and Subordination Agreement (“Agreement”) is made as of this 16th day of May, 2005, by and between Wells Fargo Business Credit, Inc., a Minnesota corporation (“Wells Fargo”), and Ingram Micro Inc., a Delaware corporation (“Ingram”).
