GUARANTYGuaranty • March 2nd, 2010 • Rapid Link Inc • Telephone communications (no radiotelephone) • New York
FOR VALUE RECEIVED, and in consideration of credit extended by the Lenders (as defined below) to or for the account of Rapid Link, Incorporated, a Delaware corporation (the “Company”), from time to time and at any time and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each of the undersigned (and each of them if more than one, the liability under this Guaranty being joint and several) (jointly and severally referred to as “Guarantors” or “the undersigned”) unconditionally guaranties to the Creditor Parties (as defined below), their successors, endorsees and assigns the prompt payment when due (whether by acceleration or otherwise) of all present and future obligations and liabilities of any and all kinds of the Company to the Creditor Parties and of all instruments of any nature evidencing or relating to any such obligations and liabilities upon which the Company or one or more parties and the Company is or may become liable to
MASTER SECURITY AGREEMENTMaster Security Agreement • March 2nd, 2010 • Rapid Link Inc • Telephone communications (no radiotelephone) • New York
ContractSecured Term Note • March 2nd, 2010 • Rapid Link Inc • Telephone communications (no radiotelephone) • New York
THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THIS NOTE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS NOTE UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR (B) AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS.
