GENERAL SECURITY AGREEMENT Dated as of June [ ], 2007General Security Agreement • June 26th, 2007 • Universal Security Instruments Inc • Wholesale-electronic parts & equipment, nec • Ontario
June 22, 2007 Universal Security Instruments, Inc.Factoring Agreement • June 26th, 2007 • Universal Security Instruments Inc • Wholesale-electronic parts & equipment, nec • New York
AMENDED AND RESTATED INVENTORY SECURITY AGREEMENTInventory Security Agreement • June 26th, 2007 • Universal Security Instruments Inc • Wholesale-electronic parts & equipment, nec • New York
This Amended and Restated Inventory Security Agreement shall amend, replace and supersede in its entirety the Inventory and Security Agreement Supplement to Factoring Agreement executed by you in favor of us, dated February 28, 1995, as supplemented and amended. This agreement is being executed by you to induce us to enter into or continue a factoring or financing arrangement with you, and is executed in consideration of our doing or having done any of the foregoing.
CIT FINANCIAL LTD.Guaranty • June 26th, 2007 • Universal Security Instruments Inc • Wholesale-electronic parts & equipment, nec • New York
CREDIT AGREEMENT dated as of June 22, 2007 among INTERNATIONAL CONDUITS LTD. as Borrower - and - UNIVERSAL SECURITY INSTRUMENTS, INC., and USI ELECTRIC, INC. as Guarantors - and - CIT FINANCIAL LTD. as LenderCredit Agreement • June 26th, 2007 • Universal Security Instruments Inc • Wholesale-electronic parts & equipment, nec • Ontario
THIS CREDIT AGREEMENT is dated as of June 22, 2007 and is entered into among International Conduits Ltd., as Borrower, Universal Security Instruments, Inc. and USI Electric, Inc. as Guarantors, and CIT Financial Ltd., as Lender.
