COLLATERAL AGREEMENT dated as of May __, 2006 by and among UCN, Inc. and its Subsidiaries, as Grantors, in favor of ComVest Capital LLC, as Secured PartyCollateral Agreement • May 5th, 2006 • Ucn Inc • Telephone communications (no radiotelephone) • New York
COLLATERAL AGREEMENT, dated as of May __, 2006, by and among UCN, Inc., a Delaware corporation (the “Borrower”), MyACD Inc., a Utah corporation (“ACD”), Buyers United, Inc.-Virginia, a Virginia corporation (“BUV”), and any and all Additional Grantors who may become party to this Agreement (the Borrower, ACD, BUV, and such Additional Grantors are each hereinafter referred to as a “Grantor” and collectively as the “Grantors”), in favor of ComVest Capital LLC (the “Secured Party”) as Lender under the Revolving Credit and Term Loan Agreement dated as of May __, 2006 (as amended, modified, supplemented and/or restated from time to time, the “Loan Agreement”) by and between the Borrower and the Secured Party.
ContractGuaranty Agreement • May 5th, 2006 • Ucn Inc • Telephone communications (no radiotelephone) • New York
GUARANTY AGREEMENT (as amended, restated, supplemented or otherwise modified, this “Guaranty” or this “Agreement”), dated as of May __, 2006, is made by MyACD Inc., a Utah corporation, and Buyers United, Inc.–Virginia, a Virginia corporation (each a “Guarantor” and collectively the “Guarantors”), in favor of ComVest Capital LLC (the “Lender”).
REVOLVING CREDIT NOTEUcn Inc • May 5th, 2006 • Telephone communications (no radiotelephone)
FOR VALUE RECEIVED, the undersigned, UCN, INC., a Delaware corporation (the “Maker”), hereby promises to pay to the order of COMVEST CAPITAL LLC, a Delaware limited liability company (“ComVest”), and/or to the order of any subsequent holder(s) of this Note (hereinafter, collectively with ComVest, referred to as the “Payee”), on May __, 2010 (or sooner by reason of an Event of Default or required prepayment in accordance with the Loan Agreement hereinafter described), the principal sum of Seven Million Five Hundred Thousand ($7,500,000) Dollars or, if less, the aggregate unpaid principal amount of all Revolving Credit Advances made by the Payee to the Maker pursuant to that certain Revolving Credit and Term Loan Agreement dated as of May __, 2006 by and between ComVest and the Maker (as same may be amended from time to time, the “Loan Agreement”), together with interest (computed as hereinafter provided) on any and all principal amounts outstanding hereunder from time to time from the d
