SECURITY AGREEMENTSecurity Agreement • April 18th, 2003 • Quality Products Inc • Wholesale-metals service centers & offices • Ohio
As of April 16, 2003, at Columbus, Ohio, Quality Products, Inc., a Delaware corporation (the “Borrower and Guarantors”), and QPI Multipress, Inc., an Ohio corporation, and Columbus Jack Corporation, an Ohio corporation (collectively the “Guarantors”), enter into this Security Agreement with Richard A. and Clare F. Drexler as joint tenants with rights of survivorship, Dan L. Drexler, Jason I. Drexler, Theodore P. Schwartz, Eleanor Metnick and Nicole E. Drexler as joint tenants with rights of survivorship, RD&J Corporation, Dale S. Drexler Living Trust, Karen K. Hart, and Alyce A. Lazar Declaration of Trust Dated September 24, 1992 (“Lenders”).
