NORTHERN MERCHANT SERVICES , INC. SECURITY AGREEMENT August 31, 2004 To: Laurus Master Fund, Ltd. c/o M&C Corporate Services Limited P.O. Box 1234 GT Ugland House South Church Street Grand Cayman, Cayman Islands Gentlemen: 1. To secure the payment of...Security Agreement • September 27th, 2004 • Pipeline Data Inc • Services-business services, nec • New York
GUARANTYGuaranty • September 27th, 2004 • Pipeline Data Inc • Services-business services, nec • New York
STOCK PLEDGE AGREEMENT STOCK PLEDGE AGREEMENT dated this 31st day of August , 2004, made by and between Pipeline Data Processing, Inc., a Delaware corporation ("Pledgor"), Laurus Master Fund, Ltd., the holder (the "Noteholder") of (i) a Term Note (the...Stock Pledge Agreement • September 27th, 2004 • Pipeline Data Inc • Services-business services, nec • New York
ARTICLE I INTEREST & AMORTIZATIONSecured Convertible Term Note • September 27th, 2004 • Pipeline Data Inc • Services-business services, nec • New York
