SECURITY AGREEMENTSecurity Agreement • November 14th, 2008 • Splinternet Holdings Inc • Telephone communications (no radiotelephone) • Connecticut
SECURITY AGREEMENT (this “Agreement”), dated as of September 5, 2008, by and among Splinternet Holdings, Inc., a Delaware corporation (“Holdings”), Splinternet Communications, Inc., a Connecticut corporation (“Communications”) (Holdings and Communications together referred to as the “Companies” and sometimes individually as the “Company”), and James C. Ackerly, and his respective endorsees, transferees and assigns (the “Secured Party”).
SECURED DEMAND PROMISSORY NOTESplinternet Holdings Inc • November 14th, 2008 • Telephone communications (no radiotelephone)
FOR VALUE RECEIVED, SPLINTERNET HOLDINGS, INC., a Delaware corporation with an address at 535 Connecticut Avenue, 2nd floor, Norwalk, Connecticut 06854 (the “Maker”), hereby promises to pay to the order of James C. ACKERLY, with an address at 364 Rowayton Avenue, Rowayton, Connecticut 06853, or assigns (the “Holder”), the principal sum of _______________________ Dollars in lawful money of the United States, plus interest thereon at the rate set forth below, ON DEMAND.
