GUARANTY AND INDEMNITY AGREEMENTGuaranty and Indemnity Agreement • April 16th, 2012 • Innolog Holdings Corp. • Services-computer integrated systems design • Tennessee
This GUARANTY AND INDEMNITY AGREEMENT (“Guaranty”), made as of December 9, 2011 by IAN REYNOLDS, M.D. (“Guarantor”), whose address is 450 Medical Center drive, Suite 206, Webster, TX 77598 (email: janrey@comcast.net) in favor of Farzin Ferdowsi (“Lender”).
PROMISSORY NOTEInnolog Holdings Corp. • April 16th, 2012 • Services-computer integrated systems design
FOR VALUE RECEIVED, the undersigned, Innolog Holdings Corporation and Innovative Logistics Techniques, Inc., (together the “Maker”), jointly and severally promise to pay to the Farzin Ferdowsi (the “Holder”), at such place as the Holder may later designate in writing, in lawful money of the United States, the principal sum of TWO HUNDRED THOUSAND US DOLLARS ($200,000.00) in accordance with this promissory note (the “Note”) under the terms set forth herein. All of the obligations directly or indirectly due to Holder hereunder and in connection with the transactions contemplated hereby, including without limitation principal, interest, fees, past due fees, purchase prices, costs and expenses, are collectively referred to as the “Obligations.”
FORBEARANCE AGREEMENTForbearance Agreement • April 16th, 2012 • Innolog Holdings Corp. • Services-computer integrated systems design
THIS 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 • April 16th, 2012 • Innolog Holdings Corp. • Services-computer integrated systems design
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-FIVE Thousand Dollars and no Cents ($175,000.00), plus the Default Fee; plus all Late Fees; plus interest at 28% per annum, compounded daily, from the date of Default, until paid, including and after the recording of this confession of judgment, plus all costs of collection, including all of secured party’s attorneys’ fees, less credit for any payments made.
GUARANTY AGREEMENTGuaranty Agreement • April 16th, 2012 • Innolog Holdings Corp. • Services-computer integrated systems design
This GUARANTY AGREEMENT (“Guaranty”), made as of October 19, 2011 by Dr. Ian Reynolds (“Guarantor”), whose address is 450 Medical Center Drive, Suite 206, Webster, TX 77598 (email: janrey@comcast.net) (“Guarantor”), in favor of Erich Winkler (“Lender”).
SECOND EXTENSION AGREEMENTSecond Extension Agreement • April 16th, 2012 • Innolog Holdings Corp. • Services-computer integrated systems design
THIS SECOND EXTENSION AGREEMENT (the “Agreement”) is made between YG Funding, LLC (“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 • April 16th, 2012 • Innolog Holdings Corp. • Services-computer integrated systems design
THIS EXTENSION AGREEMENT (the “Agreement”) is made between YG Funding, LLC, Briarwood Capital Group and Gary Bondi, attorney-in-fact (collectively “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”).
