Guaranty of Validity; Covenant Against Direct Collection, Subordination, and Security Agreement Sample Contracts

GUARANTY OF VALIDITY; COVENANT AGAINST DIRECT COLLECTION, SUBORDINATION, AND SECURITY AGREEMENT

Guaranty of Validity; Covenant Against Direct Collection, Subordination, and Security Agreement • February 14th, 2011 • Ads in Motion, Inc. • Services-advertising • New York

• Contract Type
  Guaranty of Validity; Covenant Against Direct Collection, Subordination, and Security Agreement
• Filed
  February 14th, 2011
• Company
  Ads in Motion, Inc.
• Industry
  Services-advertising
• Jurisdiction
  New York

FOR VALUE RECEIVED, and in order to induce Faunus Group International, Inc., a Delaware corporation (“FGI”) to enter into a Sale of Accounts and Security Agreement (“Sale of Accounts Agreement” for brevity) with Magla International, LLC, (“Seller”), a Limited Liability Company duly organized under the laws of the state of New Jersey, the undersigned Jordan Glatt (“Guarantor” for brevity) hereby enter into this Guaranty of Validity; Covenant Against Direct Collection, Subordination, and Security Agreement (“Agreement” for brevity) and unconditionally promises FGI as follows;