SUBORDINATION AND PRIORITIES AGREEMENT BDC CAPITAL INC., A WHOLLY-OWNED SUBSIDIARY OF BUSINESS DEVELOPMENT BANK OF CANADA and 2314505 ONTARIO INC. and APEX SYSTEMS INTEGRATORS INC. and ROYAL BANK OF CANADA Dated as of the 4th day of June, 2012...Subordination and Priorities Agreement • June 7th, 2012 • DecisionPoint Systems, Inc. • Services-computer programming, data processing, etc. • Ontario
WHEREAS the Bank has granted or intends to grant to Borrower various credit facilities not exceeding an aggregate amount of Two Million Seven Hundred Fifty Thousand Dollars ($2,750,000.00) pursuant to a facilities letter dated June 4, 2012, a copy which is appended as Schedule “A” hereto (hereinafter collectively called the “Bank Credit”, as it or they may have been and may in the future be amended, modified, replaced or restated from time to time) in guarantee of which, inter alia, the Borrower and the Guarantor have granted or intend to grant in favour of the Bank various security (collectively, the “Bank Security”) (the “Bank Credit” and the “Bank Security” being hereinafter collectively called the “Bank Debt”);
