SECURITY AGREEMENTSecurity Agreement • July 9th, 2007 • Internet Commerce Corp • Services-computer programming services • New York
This SECURITY AGREEMENT, dated as of July 2, 2007 (the “Agreement”) is by and among Internet Commerce Corporation, a corporation duly organized and validly existing under the laws of the State of Delaware (the “Company”), the Purchasers identified on the signature pages hereto (each, a “Purchaser” and collectively, the “Purchasers”) and York Capital Management, L.P., as agent for the Purchasers (in such capacity, together with its successors in such capacity, the “Agent”).
FORM OF SUBSIDIARY SECURITY AGREEMENTSubsidiary Security Agreement • July 9th, 2007 • Internet Commerce Corp • Services-computer programming services • New York
This SUBSIDIARY SECURITY AGREEMENT, dated as of July 2, 2007 (the “Agreement”) is by and among [SUBSIDIARY], a corporation duly organized and validly existing under the laws of the State of [Delaware] (the “Company”), the Purchasers identified on the signature pages hereto (each, a “Purchaser” and collectively, the “Purchasers”) and York Capital Management, L.P., as agent for the Purchasers (in such capacity, together with its successors in such capacity, the “Agent”).
FORM OF SUBSIDIARY GUARANTYSubsidiary Guaranty • July 9th, 2007 • Internet Commerce Corp • Services-computer programming services • New York
WHEREAS, pursuant to that certain Securities Purchase Agreement (the “Purchase Agreement”), dated as of July 2, 2007, by and among Internet Commerce Corporation, a Delaware corporation (the “Borrower”) and the Purchasers, the Borrower is issuing, and the Purchasers are purchasing, the Notes (as defined in the Purchase Agreement);
FORM OF NOTENote • July 9th, 2007 • Internet Commerce Corp • Services-computer programming services
THIS NOTE is one of a series of duly authorized and issued senior secured promissory notes of Internet Commerce Corporation, a Delaware corporation (the “Company”), designated as its Senior Secured Convertible Bridge Notes Due on the Maturity Date (as defined below), in the aggregate principal amount of $10,000,000 (collectively, the “Notes”), issued pursuant to a Securities Purchase Agreement dated July 2, 2007, by and among the Company and the Purchasers named therein (the “Purchase Agreement”).
