SECURITY AGREEMENTSecurity Agreement • December 24th, 2008 • FLO Corp • Services-business services, nec • New York
This SECURITY AGREEMENT, dated as of December 23, 2008 (this “Agreement”), is among FLO Corporation, a Delaware corporation (the “Company”), all of the Subsidiaries of the Company hereafter formed or acquired (such subsidiaries, the “Guarantors” and together with the Company, the “Debtors”) and the holders of the Company’s 15% Senior Secured Original Issue Discount Debentures, issued and issuable pursuant to the Purchase Agreement (as defined in the Debentures) (collectively, the “Debentures”) signatory hereto, their endorsees, transferees and assigns (collectively, the “Secured Parties”).
DEBENTURE PURCHASE AGREEMENTDebenture Purchase Agreement • December 24th, 2008 • FLO Corp • Services-business services, nec • New York
This Debenture Purchase Agreement (this “Agreement”) is dated as of December 23, 2008, between FLO Corporation, a Delaware corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively, the “Purchasers”).
SUBORDINATION AGREEMENTSubordination Agreement • December 24th, 2008 • FLO Corp • Services-business services, nec
The undersigned lenders (each a “Creditor”, and collectively referred to as “Creditors”) are creditors of FLO Corporation (the “Company” or the “Borrower”)), and desire that [names of Participating 12% Note Holders] (each, a “Senior Lender” and collectively, the “Senior Lenders”) extend and continue to extend such financial accommodations to the Borrowers as Borrowers may request and as the Senior Lenders may deem proper, and continue to extend such financial accommodations to the Borrowers as Borrowers. Defined terms not otherwise defined herein shall have the meanings set forth in that certain Securities Purchase Agreement dated December 23, 2008 among the Company and the Senior Lenders (the “Purchase Agreement”). For the purpose of inducing Senior Lenders to make the loan contemplated by the Purchase Agreement and to continue or renew such financial accommodations, and in consideration thereof, Creditors agree as follows:
