SECURED TERM NOTENote Agreement • October 10th, 2007 • Elec Communications Corp • Telephone communications (no radiotelephone) • New York
SECURITIES PURCHASE AGREEMENT LV ADMINISTRATIVE SERVICES, INC., as Administrative and Collateral Agent THE PURCHASERS From Time to Time Party Hereto and ELEC COMMUNICATIONS CORP. Dated: September 28, 2007Securities Purchase Agreement • October 10th, 2007 • Elec Communications Corp • Telephone communications (no radiotelephone) • New York
RESTRICTED ACCOUNT AGREEMENTRestricted Account Agreement • October 10th, 2007 • Elec Communications Corp • Telephone communications (no radiotelephone)
STOCK PLEDGE AGREEMENTStock Pledge Agreement • October 10th, 2007 • Elec Communications Corp • Telephone communications (no radiotelephone)
THIRD AMENDED AND RESTATED SECURED TERM NOTESecured Term Note • October 10th, 2007 • Elec Communications Corp • Telephone communications (no radiotelephone) • New York
REAFFIRMATION AND RATIFICATION AGREEMENTReaffirmation and Ratification Agreement • October 10th, 2007 • Elec Communications Corp • Telephone communications (no radiotelephone)
eLEC COMMUNICATIONS CORP. AND CERTAIN OF ITS SUBSIDIARIES MASTER SECURITY AGREEMENTMaster Security Agreement • October 10th, 2007 • Elec Communications Corp • Telephone communications (no radiotelephone)
FUNDS ESCROW AGREEMENTFunds Escrow Agreement • October 10th, 2007 • Elec Communications Corp • Telephone communications (no radiotelephone) • New York
Right to Purchase up to Shares of Common Stock of eLEC Communications Corp. (subject to adjustment as provided herein) COMMON STOCK PURCHASE WARRANTWarrant Agreement • October 10th, 2007 • Elec Communications Corp • Telephone communications (no radiotelephone)
SUBSIDIARY GUARANTYSubsidiary Guaranty • October 10th, 2007 • Elec Communications Corp • Telephone communications (no radiotelephone) • New York
