THIRD AMENDMENT AND MODIFICATION TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • July 1st, 2002 • Drugmax Inc • Wholesale-drugs, proprietaries & druggists' sundries • Pennsylvania
THIS THIRD AMENDMENT AND MODIFICATION TO LOAN AND SECURITY AGREEMENT (the “Amendment”) is made effective as of June 6, 2002 by and among DRUGMAX, INC., a Nevada corporation, formerly known as DrugMax.com, Inc. (“DrugMax”),VALLEY DRUG COMPANY, an Ohio corporation (“Valley”), DISCOUNT RX, INC., a Louisiana corporation (“Discount RX”), VALLEY DRUG COMPANY SOUTH, a Louisiana corporation (“Valley South”) (DrugMax, Valley, Discount RX and Valley South being hereinafter referred to individually as a “Borrower” and collectively as the “Borrowers”), DESKTOP MEDIA GROUP, INC., a Florida corporation (“Desktop”), VETMALL, INC., a Florida corporation (“VetMall”) (Desktop and VetMall being hereinafter referred to individually as a “Guarantor” and collectively as the”Guarantors”) and STANDARD FEDERAL BANK NATIONAL ASSOCIATION, formerly known as Michigan National Bank, as successor in interest to Mellon Bank, N.A. (“Bank”).
