Agreement for Secured Party to Accept Collateral in Partial Satisfaction of Obligation Sample Contracts

AGREEMENT FOR SECURED PARTY TO ACCEPT COLLATERAL IN PARTIAL SATISFACTION OF OBLIGATION

Agreement for Secured Party to Accept Collateral in Partial Satisfaction of Obligation • February 8th, 2008 • Standard Management Corp • Retail-drug stores and proprietary stores

• Contract Type
  Agreement for Secured Party to Accept Collateral in Partial Satisfaction of Obligation
• Filed
  February 8th, 2008
• Company
  Standard Management Corp
• Industry
  Retail-drug stores and proprietary stores

This Agreement is entered into as of February 6th, 2008 (the “Effective Date”), by Sam Schmidt, a resident of Nevada (“Schmidt” or “Secured Party”), and Standard Management Corporation, an Indiana corporation (“SMAN”), U.S. Health Services Corporation, a Delaware corporation (“USHSC”) and Standard Development, LLC, an Indiana limited liability company (“SDLLC” and, together with SMAN and USHSC, the “SMAN Parties”).