GENERAL SUBORDINATION AND ASSIGNMENT (CONTINUING AND UNCONDITIONAL)General Subordination and Assignment Agreement • April 2nd, 2010 • DJSP Enterprises, Inc. • Services-business services, nec • Florida
To induce BANK OF AMERICA, N.A. (“Bank”) to extend or to continue to extend credit from time to time to DAL GROUP, LLC, a Delaware limited liability company (“Borrower”), DJS PROCESSING, LLC, a Delaware limited liability company, PROFESSIONAL TITLE AND ABSTRACT COMPANY OF FLORIDA, LLC, a Delaware limited liability company, and DEFAULT SERVICING, LLC, a Delaware limited liability company (jointly and severally, the “Guarantors”); CHARDAN CAPITAL MARKETS, LLC, KERRY PROPPER, and CHARDAN CAPITAL LLC (jointly and severally, the “Senior Lenders”); and the LAW OFFICES OF DAVID J. STERN, P.A., a Florida professional association (the “Law Firm”), STERN HOLDING COMPANY-PT, INC., f/k/a PROFESSIONAL TITLE AND ABSTRACT COMPANY OF FLORIDA, INC., a Florida corporation, and STERN HOLDING COMPANY-DS, INC., f/k/a DEFAULT SERVICING, INC., a Florida corporation (jointly and severally, the “Junior Lenders”), the undersigned creditors of Borrower (hereinafter the Guarantors, the Senior Lenders and the Juni
