SECURITY AGREEMENTSecurity Agreement • December 26th, 2012 • Lightyear Network Solutions, Inc. • Telephone communications (no radiotelephone) • Kentucky
Lightyear Network Solutions, LLC ("Debtor"), for valuable consideration, receipt of which hereby is acknowledged, hereby transfers, assigns and pledges to Central Bank of Jefferson County, Inc. ("Secured Party"), and grants to Secured Party a security interest in, the following collateral, wherever located, now existing and hereafter arising or coming into existence (the "Collateral") (check all that apply):
GUARANTYLightyear Network Solutions, Inc. • December 26th, 2012 • Telephone communications (no radiotelephone) • Kentucky
In consideration of and as an inducement to financial accommodations made or to be made by CENTRAL BANK OF JEFFERSON COUNTY, INC. ("Lender") to Lightyear Network Solutions, LLC ("Debtor"), and other good and valuable consideration the receipt of which is acknowledged, Chris T. Sullivan ("Guarantor") hereby unconditionally guarantees Lender the prompt payment and performance of the following (hereinafter collectively referred to as the "Obligations"): all loans, advances, debts, liabilities, obligations, covenants and duties owing to Lender from Debtor of any kind or nature, present or future, whether or not evidenced by any note, guaranty or other instrument, including but not limited to those arising under: (i) the Commercial Note given by Debtor to Lender of even date herewith in the original principal amount of $500,000.00, (ii) any other agreement, instrument or document, whether or not for the payment of money, whether arising by reason of an extension of credit, opening of a lett
