IN ANY OTHER JURISDICTION TO COLLECT, THE OBLIGATIONS,
TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE OBLIGATIONS, OR TO
ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE AGENT.
EACH ASSIGNOR
EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR
SUIT COMMENCED IN ANY SUCH COURT, AND EACH ASSIGNOR HEREBY WAIVES ANY OBJECTION
WHICH IT MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR
FORUM NON CONVENIENS.
EACH ASSIGNOR HEREBY WAIVES PERSONAL SERVICE OF THE
SUMMONS, COMPLAINT AND OTHER PROCESS ISSUES IN ANY SUCH ACTION OR SUIT AND
AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINT AND OTHER PROCESS MAY BE MADE BY
REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH ASSIGNOR AT THE ADDRESS SET FORTH
ON THE SIGNATURE LINES HERETO AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED
UPON THE EARLIER OF SUCH ASSIGNOR'S ACTUAL RECEIPT THEREOF OR THREE (3) DAYS
AFTER DEPOSIT IN THE U.S. MAILS, PROPER POSTAGE PREPAID.
The parties desire that their disputes be resolved by a judge applying such
applicable laws.
Therefore, to achieve the best combination of the benefits of
the judicial system and of arbitration, the parties hereto waive all rights to
trial by jury in any action, suite, or proceeding brought to resolve any
dispute, whether arising in contract, tort, or otherwise between the Agent
and/or any other Creditor Party, and/or any Assignor arising out of, connected
with, related or incidental to the relationship established between them in
connection with this Master Security Agreement or the transactions related
hereto.
THIS MASTER SECURITY AGREEMENT MAY BE EXECUTED IN ANY NUMBER OF COUNTERPARTS,
EACH OF WHICH SHALL BE AN ORIGINAL, BUT ALL OF WHICH SHALL CONSTITUTE ONE
INSTRUMENT.
ANY SIGNATURE DELIVERED BY A PARTY BY FACSIMILE OR ELECTRONIC
TRANSMISSION SHALL BE DEEMED TO BE AN ORIGINAL SIGNATURE HERETO.
IT IS UNDERSTOOD AND AGREED THAT ANY PERSON OR ENTITY THAT DESIRES TO BECOME AN
ASSIGNOR HEREUNDER, OR IS REQUIRED TO EXECUTE A COUNTERPART OF THIS MASTER
SECURITY AGREEMENT AFTER THE DATE HEREOF PURSUANT TO THE REQUIREMENTS OF ANY
DOCUMENT, SHALL BECOME AN ASSIGNOR HEREUNDER BY (X) EXECUTING A JOINDER
AGREEMENT IN FORM AND SUBSTANCE SATISFACTORY TO THE AGENT, (Y) DELIVERING
SUPPLEMENTS TO SUCH EXHIBITS AND ANNEXES TO SUCH DOCUMENTS AS THE AGENT SHALL
REASONABLY REQUEST AND (Z) TAKING ALL ACTIONS AS SPECIFIED IN THIS MASTER
SECURITY AGREEMENT AS
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WOULD HAVE BEEN TAKEN BY SUCH ASSIGNOR HAD IT BEEN AN ORIGINAL PARTY TO THIS
MASTER SECURITY AGREEMENT, IN EACH CASE WITH ALL DOCUMENTS REQUIRED ABOVE TO BE
DELIVERED TO THE AGENT AND WITH ALL DOCUMENTS AND ACTIONS REQUIRED ABOVE TO BE
TAKEN TO THE REASONABLE SATISFACTION OF THE AGENT.
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ALL NOTICES FROM THE AGENT TO ANY ASSIGNOR SHALL BE SUFFICIENTLY GIVEN IF MAILED
OR DELIVERED TO SUCH ASSIGNOR'S ADDRESS SET FORTH BELOW.
Very truly yours,
MICRO COMPONENT TECHNOLOGY,
INC.
By:
Name:
Roger E. Gower
Title:
Chief Executive Officer
Address:
2340 West County Road C
St.