SECOND EXTENSION & FORBEARANCE AGREEMENTExtension & Forbearance Agreement • May 23rd, 2011 • Innolog Holdings Corp. • Services-motion picture & video tape production
THIS SECOND EXTENSION & FORBEARANCE AGREEMENT (the “Agreement”) is made between the Kay M. Gumbinner Trust, a Virginia trust (“Holder”) and Innovative Logistics Techniques, Inc. a Virginia corporation and Innolog Holdings Corporation, a Nevada corporation, each with its principal place of business in Virginia (together, “Innolog” or “Maker”) (collectively referred to as the “Parties”).
SECURITY AGREEMENTSecurity Agreement • May 23rd, 2011 • Innolog Holdings Corp. • Services-motion picture & video tape production
Innolog Holdings Corporation and Innovative Logistics Techniques, Inc. hereinafter sometimes collectively referred to as the “debtor” or “debtors.” for value received, hereby grant to the Kay M. Gumbinner trust and to Robert Gumbinner and Fred Gumbinner, trustees under a trust agreement dated January 9, 2008 (known as the Kay M. Gumbinner Trust) (hereinafter called “Secured Party”), a security interest in the property described below (hereinafter collectively called “Collateral”) to secure the payment of the principal and interest on and of an obligation or obligations owing to the Secured Party in the amount of ONE HUNDRED SEVENTY-SEVEN THOUSAND DOLLARS AND NO CENTS ($177,000.00), plus a Late Fee of SEVENTEEN THOUSAND SEVEN HUNDRED Dollars and 00/100 cents ($17,700.00); plus SIXTY-FIVE THOUSAND DOLLARS ($65,000) in connection with the Warrants; plus interest at 18% per annum, compounded daily, from the April 20, 2011, until paid, including and after the recording of this confession of
THIRD EXTENSION & FORBEARANCE AGREEMENTExtension & Forbearance Agreement • May 23rd, 2011 • Innolog Holdings Corp. • Services-motion picture & video tape production
THIS THIRD EXTENSION & FORBEARANCE AGREEMENT (the “Agreement”) is made between the Kay M. Gumbinner Trust, a Virginia trust (“Holder”) and Innovative Logistics Techniques, Inc. a Virginia corporation and Innolog Holdings Corporation, a Nevada corporation, each with its principal place of business in Virginia (together, “Innolog” or “Maker”) (collectively referred to as the “Parties”).
EXTENSION AGREEMENTExtension Agreement • May 23rd, 2011 • Innolog Holdings Corp. • Services-motion picture & video tape production
THIS EXTENSION AGREEMENT (the “Agreement”) is made between the Kay M. Gumbinner Trust, a Virginia trust (“Holder”) and Innovative Logistics Techniques, Inc. a Virginia corporation and Innolog Holdings Corporation, a Nevada corporation, each with its principal place of business in Virginia (together, “Innolog”) (collectively referred to as the “Parties”).
SECURED PROMISSORY NOTE AGREEMENTSecured Promissory Note Agreement • May 23rd, 2011 • Innolog Holdings Corp. • Services-motion picture & video tape production • Virginia
FOR VALUE RECEIVED, the undersigned, Innolog Holdings Corporation and Innovative Logistics Techniques, Inc., (together the “Maker”), jointly and severally promise to pay to the Kay M. Gumbinner Trust (the “Holder”), at such place as the Holder may later designate in writing, in lawful money of the United States, the principal sum of FIFTY THOUSAND US DOLLARS ($50,000.00) in accordance with this promissory note (the “Note”) under the terms set forth herein.
