CROSS GUARANTEE AND INDEMNIFICATION AGREEMENTCross Guarantee and Indemnification Agreement • October 29th, 2008 • Wireless Age Communications Inc • Telephone communications (no radiotelephone)
WHEREAS, For valuable consideration, the receipt and sufficiency of which is acknowledged, NEWLOOK INDUSTRIES CORP., a corporation incorporated under the laws of the Province of British Columbia (the “Guarantor”), has covenanted and agreed with TCE CAPITAL CORPORATION (the “Creditor”) to absolutely and unconditionally guarantee the payment forthwith after demand, of the debts or liabilities, whether direct, contingent or otherwise, present or future, matured or not, which, WIRELESS AGE COMMUNICATIONS, INC., a corporation incorporated under the laws of Nevada, U.S.A, WIRELESS AGE COMMUNICATIONS LTD. and WIRELESS SOURCE DISTRIBUTION LTD., corporations incorporated under the laws of the Province of Saskatchewan (collectively the “Debtors” and individually a “Debtor”), have incurred or are under or may incur or be under to the Creditor, whether arising from dealings between the Creditor and any of the Debtors or from any dealings or proceedings by which any of the Debtors may become in any
SASKATCHEWAN TELECOMMUNICATIONS, (herein called “SaskTel”) -and- WIRELESS AGE COMMUNICATIONS LTD. (herein called “Wireless Age”) -and- WIRELESS SOURCE DISTRIBUTION LTD. (herein called “Wireless Source”) -and- NEWLOOK INDUSTRIES CORP. (herein called...Repayment Agreement • October 29th, 2008 • Wireless Age Communications Inc • Telephone communications (no radiotelephone) • Saskatchewan
NOW, THEREFORE, THIS AGREEMENT WITNESSETH that, in consideration of the mutual covenants and obligations herein contained, and other good and valuable consideration, the receipt and sufficiency of each of which is hereby acknowledged by SaskTel, Wireless Age and Wireless Source, the parties hereto agree as follows:
