Forbearance Agreement and Fifth Amendment to Loan and Security Agreement Sample Contracts

FORBEARANCE AGREEMENT AND FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

Forbearance Agreement and Fifth Amendment to Loan and Security Agreement • November 12th, 2004 • Drugmax Inc • Wholesale-drugs, proprietaries & druggists' sundries • New York

• Contract Type
  Forbearance Agreement and Fifth Amendment to Loan and Security Agreement
• Filed
  November 12th, 2004
• Company
  Drugmax Inc
• Industry
  Wholesale-drugs, proprietaries & druggists' sundries
• Jurisdiction
  New York

THIS FORBEARANCE AGREEMENT AND FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Agreement”), dated as of October 22, 2004, is by and among DrugMax, Inc., a Nevada corporation (“DrugMax” and, together with its Subsidiaries, Valley Drug Company, an Ohio corporation, Valley Drug Company South, a Louisiana corporation, and Discount Rx, Inc., a Louisiana corporation, individually each, a “Borrower” and collectively, “Borrowers”), Jugal K. Taneja, an individual residing in Florida (“Guarantor”), and Congress Financial Corporation (Florida), a Florida corporation (“Lender”).