MASTER CREDIT AND SECURITY AGREEMENT among BOS (USA) INC. and TRIBECA LENDING CORP. and THOSE SUBSIDIARIES LISTED ON THE SIGNATURE PAGE HERETO Dated as of March 24, 2006Master Credit and Security Agreement • April 25th, 2006 • Franklin Credit Management Corp/De/ • Finance services • New York
This Note shall be for a term of Thirty Six (36) months. Beginning __________________, 2006, and on the first day of each month thereafter, there shall be due and payable equal monthly principal and interests payments of ___________________________________________________AND _____/100 DOLLARS ($________________), calculated based upon a fully amortizing level payment 240 month amortization schedule, provided, however, Bank reserves the right to adjust the monthly payment amount from time to time based upon changes in the interest rate hereon if, as the result of such interest rate change, "negative amortization" will occur (i.e. the amount of the scheduled principal and interest payment will not be sufficient to pay accrued and unpaid interest). The entire unpaid principal amount outstanding under this Note shall be payable on the three-year anniversary of the date hereof.
SEPARATION AGREEMENT AND RELEASE OF CLAIMSSeparation Agreement and Release of Claims • April 25th, 2006 • Franklin Credit Management Corp/De/ • Finance services • New York
THIS AGREEMENT, entered into as of the ___ day of January 2006, by and between Franklin Credit Management Corporation (the "Company"), a Delaware corporation, and Jeffrey R. Johnson ("Employee");
