SECURITY AGREEMENTSecurity Agreement • August 31st, 2007 • Logistical Support, Inc • Aircraft parts & auxiliary equipment, nec
THIS SECURITY AGREEMENT (this “Agreement”) is made as of the 24th day of August, 2007, by LOGISTICAL SUPPORT, LLC., a Utah corporation, having a mailing address at 19734 Dearborn Street, Chatsworth, California 91311 (“Debtor”) for the benefit and security of DUTCHESS PRIVATE EQUITIES FUND, LTD., having a mailing address at 50 Commonwealth Avenue, Suite 2, Boston, Massachusetts 02116 (the “Secured Party”).
CONTINUING UNCONDITIONAL GUARANTYContinuing Unconditional Guaranty • August 31st, 2007 • Logistical Support, Inc • Aircraft parts & auxiliary equipment, nec • Massachusetts
This CONTINUING UNCONDITIONAL GUARANTY (this “Guaranty”), is made this 24th day of August, 2007, by LOGISTICAL SUPPORT, INC., a Utah corporation, having a mailing address at 19734 Dearborn Street, Chatsworth, California 91311 (the “Guarantor”) in favor of and for the benefit and security of DUTCHESS PRIVATE EQUITIES FUND, LTD., having a mailing address at 50 Commonwealth Avenue, Suite 2, Boston, Massachusetts 02116 (the “Secured Party”).
Purchase Order Financing Agreement (the “Agreement”)Purchase Order Financing Agreement • August 31st, 2007 • Logistical Support, Inc • Aircraft parts & auxiliary equipment, nec • Massachusetts
FOR VALUE RECEIVED, LOGISTICAL SUPPORT, LLC., a California limited liability company (the “Company”), as a duly authorized and wholly owned subsidiary of Logistical Support, Inc., a Utah corporation (OTC BB: LGSL) (“Parent”) hereby promises to pay DUTCHESS PRIVATE EQUITIES FUND, LTD. (the “Holder”) on August 24, 2009 (the “Maturity Date”), or earlier, the Line Amount of Two Million Dollars ($2,000,000) U.S., plus accrued and unpaid interest thereon, in such amounts, at such times and on such terms and conditions as are specified herein. The Company, Parent and the Holder are sometimes hereinafter collectively referred to as the “Parties” and each a “Party” to this Agreement.
