Document:

EXHIBIT 4.2

                                CERTIFICATION

I, Martin Murray, Chief Financial Officer certify that:

1.              I have reviewed this quarterly report on Form 10-QSB of
AngioGenex, Inc. (the "Registrant");

2.              Based on my knowledge, this report does not contain any
untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of circumstances under which
such statements were made, not misleading with respect to the period covered
by this report;

3.              Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
Registrant as of, and for, the periods presented in this report.

4.              The Registrant's other certifying officers and I are
responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e))
for the Registrant and have:

       a)      Designed such disclosure controls and procedures, or caused
such disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the
Registrant, including its consolidated subsidiaries, is made known to
us by others within those entities, particularly during the period in
which this report is being prepared;

       b)     Evaluated the effectiveness of the Registrant's disclosure
controls and procedures and presented in this report our conclusions about
the effectiveness of the disclosure controls and procedures, as of the end of
the period covered by this report based on such evaluation; and

       c)      Disclosed in this report any change in the Registrant's
internal control over financial reporting that occurred during the
Registrant's most recent fiscal quarter (the Registrant's fourth
fiscal quarter in the case of an annual report) that has materially
affected, or is reasonably likely to materially affect, the
Registrant's internal control over financial reporting; and

5.              The Registrant's other certifying officers and I have
disclosed, based on our most recent evaluation of internal control over
financial reporting, to the Registrant's auditors and the audit
committee of the Registrant's board of directors (or persons performing
the equivalent functions):

       (a)    All significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting
which are reasonably likely to adversely affect the Registrant's
ability to record, process, summarize and report financial
information; and

       (b)    Any fraud, whether or not material, that involves management or
other employees who have a significant role in the Registrant's internal
control over financial reporting.

Date: November 19, 2006              By: /s/ Martin Murray
                                     ------------------------------
                                             Martin Murray
                                             Chief Financial Officer

<PAGE>EXHIBIT 4.3

                          CERTIFICATION PURSUANT TO
                            18 U.S.C. SECTION 1350
                            AS ADOPTED PURSUANT TO
                SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of AngioGenex, Inc. ("the Company")
on Form 10-QSB for the quarter ended September 30, 2006 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), the
undersigned, Richard Salvador, Chief Executive Officer of the Company and
Martin Murray, Chief Financial Officer of the Company, certify, pursuant to
18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-
Oxley Act of 2002, that, to our knowledge:

   (1)The Report fully complies with the requirements of Section 13(a) or
15(d)of the Securities Exchange Act of 1934; and

   (2)The information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations of the
Company.

Dated: November 19, 2006

/s/ Richard Salvador                      /s/ Martin Murray
--------------------                      -------------------
    Richard Salvador                          Martin Murray,
    Chief Executive Officer                   Chief Financial Officer

<PAGE>exv10w74

 

Exhibit 10.74

Wells Fargo Equipment Finance Company

Lansing Square

2550 Victoria Park Avenue, Suite 700

Toronto, Ontario M2J 5A9

SECURITY AGREEMENT

[11/15/06]

 

THIS SECURITY AGREEMENT made as of this ____17            day of November, 2006 between Startek Canada
Services, Ltd. of the City of Halifax, in the Province of Nova Scotia (“Obligor”), and
Wells Fargo Equipment Finance Company, incorporated under the laws of the Province of Nova Scotia,
with its head office located at 2550 Victoria Park Avenue, Suite 700, Toronto, Ontario M2J 5A9
(“Wells Fargo”).

IN CONSIDERATION of Nine Million, Six Hundred and Twenty Three Thousand, Eight Hundred and Eleven
Dollars and 45 Cents ($9,623,811.45), of lawful money of Canada paid by Wells Fargo to Obligor (or
as the Obligor directed) and other value received, the receipt and sufficiency of which is hereby
acknowledged, effective immediately Obligor, on the terms set out below:

	 	(a)	 	agrees to perform the Obligations, including payment of all amounts owing by Obligor to
Wells Fargo under the promissory note dated the date hereof, a copy of which is attached
hereto as Schedule “A” (the “Note”); and

	 
	 	(b)	 	as general and continuing security for the Obligations:

	 	i.	 	grants, bargains, sells, assigns, mortgages, hypothecates and charges, to and in
favour of Wells Fargo, all of Obligor’s interest in the Equipment (the “Charge”), Wells
Fargo to have and to hold the Equipment (subject only to the express terms of this
Security Agreement) for its sole use and benefit forever until Obligor discharges the
Obligations in full, such Charge creating a fixed and specific Encumbrance on the
Equipment and placing Wells Fargo in full possession of the Equipment; and

	 
	 	ii.	 	grants Wells Fargo a security interest in the Equipment (the “Security Interest”)
as security for the Obligations, such Security Interest to be a purchase-money security
interest,

(the Charge and the Security Interest being collectively the “Security”), such Security to be in
addition to all other security now or hereafter held by Wells Fargo against Obligor’s property
and to be a first priority interest in the Equipment (including all proceeds therefrom), free of
all Encumbrances (except for Obligor’s rights expressly granted under this Security Agreement).
Obligor acknowledges that value has been given by Wells Fargo and that such Security attaches
upon the execution of this Security Agreement or, if Obligor has no interest in the Equipment or
a part thereof at the time this Security Agreement is executed, at the time Obligor acquires
such an interest. The Obligor acknowledges that the grant of the Security was an express
condition of the advance resulting in the Note.

	 	 	 	 	 	 	 
	LOAN STATEMENT

	 	 	 	 	 	INSTALLMENT PAYMENTS
	 
	 	 	 	 	 	 
	Amount Advanced

	 	$	9,623,811.45	 	 	Principal Sum, interest and all other sums owing are payable in installments as set forth in Schedule “A”, the Note, attached hereto.
	 
	 	 	 	 	 	 
	Registration Fee

	 	$	 	 	 	 
	 
	 	 	 	 	 	 
	Other Charges

	 	$	 	 	 	 
	 

	 	 	 	 	 	EQUIPMENT LOCATION
	Principal Sum of Note

	 	$	9,623,811.45	 	 	Address : refer to attached Schedules B1 and B2
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	City, Province Ontario, Canada

	1.	 	Care of Equipment. Obligor shall maintain the Equipment in good condition, repair and working
order and fit for its intended use by qualified persons acceptable to Wells Fargo. Any
improvements resulting from such maintenance or any other accessions, attachments, additions,
changes, modifications or other alterations to the Equipment (collectively “Alterations”)
shall immediately form part of the Equipment and become subject to the Security, free of
Encumbrances. Obligor shall not make any Alterations if the fair market value of the Equipment
after the Alternation is less than its value before such Alteration. The Equipment shall
remain as separately identifiable, personal and moveable property and shall not be affixed to
real property. Obligor shall not allow any Encumbrance to attach to the Equipment (except
pursuant to this Security Agreement), shall not sell, assign, give up possession, lease,
license or dispose of the Equipment or any part thereof and shall not assign or Encumber its
rights under this Security Agreement or to the Equipment. All costs and risks relating to the
Equipment’s ownership, use, maintenance, possession or disposal shall be borne by Obligor,
including all Taxes and all charges, licensing costs or fines arising in connection with the
ownership or use of the Equipment. Obligor shall, pay all Taxes and, as required by law, file
all Tax returns and ensure no Encumbrances arise because of Tax.

	 
	2.	 	Use of Equipment. Obligor shall use the Equipment carefully and shall, at Obligor’s expense,
comply with all applicable laws (including safety and inspection requirements), insurance
policies and manufacturer’s recommendations relating to the ownership, possession, use and
maintenance of the Equipment. Equipment is not “consumer goods” (as such phrase is used in
the PPSA or any other relevant legislation) and shall only be used in connection with
Obligor’s business or in the carrying on of an enterprise and only for commercial, industrial,
professional or handicraft purposes and not for any personal, family, household or farming
purpose. Wells Fargo’s written consent is required before Obligor uses the Equipment to
transport people for a charge or to transport explosives, radioactive or flammable matter or
any substance which is a prohibited, toxic or a restricted substance or hazardous waste under
the Canadian Environmental Protection Act (as amended) or any analogous legislation in effect
in any relevant jurisdiction. Equipment shall remain at the Equipment Location first set
forth above except that Equipment which is, as expressly indicated in the Equipment Location
(see above), vehicles or other goods which will necessarily be used at different locations
may, provided Wells Fargo’s first priority Encumbrance on the Equipment is not adversely
affected: (A) be removed from the Equipment Location for normal daily usage; and (B) in the
case of vehicles, provided absences from the Equipment Location shall not exceed 20
consecutive days and 30 days in any 45 day period, be used throughout Canada and the United
States.

	 
	3.	 	Inspection, Marking and Licensing. Wells Fargo may at any time inspect the Equipment and
Obligor’s maintenance, insurance, use and Tax records. Obligor shall prominently affix and maintain
markings on the Equipment as Wells Fargo may from time to time require to indicate Wells Fargo’s
Encumbrance on the Equipment. Any licensing or registration of the Equipment shall show, to the
extent permitted by applicable law: (A) Wells Fargo as having a first priority Encumbrance on the
Equipment; and (B) Obligor as having care and control of the Equipment as Obligor.

 

 

 

	4.	 	Net Payments. The Installment Payments and other amounts payable under the Note and this
Security Agreement shall be absolutely net to Wells Fargo, regardless of any Loss and free of
all expenses, deductions, Taxes, costs or outgoings of any kind whatsoever and free from all
rights of set-off, counterclaim, abatement, defence, recoupment or compensation. Wells Fargo
may, in its sole discretion, apply any amounts received from Obligor to any amounts owing by
Obligor under this Security Agreement or the Note in the order chosen by Wells Fargo.

	 
	5.	 	Indemnification. Obligor indemnifies Wells Fargo, and shall protect Wells Fargo against, all
loss, costs, liabilities, claims, legal proceedings, penalties, damages and expenses arising
in connection with: this Security Agreement (including any out-of-pocket costs or fees
associated with security searches, registrations, amendments and discharges and with Equipment
appraisals and credit verifications) or the Note; the Equipment; the manufacture, selection,
purchase, ownership, delivery, installation, possession, use, maintenance, Loss, disposal or
return of the Equipment; injury or death to persons or damage to property caused by the
Equipment; Taxes; infringement of any patent, industrial or intellectual property right due to
the use or operation of the Equipment; any Default; any Encumbrance on the Equipment not
caused by or arising through Wells Fargo; or the exercise by Wells Fargo of its rights
hereunder or under the Note. Any amount to be paid by Obligor in fulfillment of this indemnity
shall be immediately due and payable by Obligor, shall bear interest at the Default Rate, and
shall be secured by this Security Agreement and payable at the place specified in the Note.

	 
	6.	 	Insurance. Obligor shall, at its expense, maintain with insurers and on terms and conditions
acceptable to Wells Fargo:

	 	(a)	 	Comprehensive all risks, full replacement value property loss insurance on the
Equipment with: (I) loss payable to Wells Fargo as first payee and, if Wells Fargo
requests, with Wells Fargo named as an additional insured, and (II) a waiver of subrogation
in favour of Wells Fargo; and

	 
	 	(b)	 	General public liability and third party property damage insurance (in the case of
vehicles, under a standard form automobile insurance policy and any “no fault” coverage
required by applicable law) with limits of liability equal to at least $2,000,000 per
occurrence (or such greater amount as Wells Fargo may require from time to time), exclusive
of interest and costs and regardless of the number of claims arising from any one accident,
and such insurance shall: (I) extend to all liabilities of Obligor arising out of its or
its agents use or possession of Equipment or out of Wells Fargo’s Charge on or Security in
the Equipment, (II) if Wells Fargo request, naming Wells Fargo as additional insured, and
(III) include a cross-liability provision insuring each insured as if a separate policy had
been issued.

	 	 	Such insurance shall provide that: (A) evidence of renewal shall be provided to Wells Fargo and
thirty days written notice shall be given to Wells Fargo before a policy expiration, alteration
or cancellation; (B) coverage shall be primary and not contributory; and (C) Wells Fargo’s
interest as additional insured (if any) shall not be adversely affected by any act or omission
of Obligor or its agents and such insurance shall contain, at a minimum, a standard mortgagee
clause. Obligor shall supply Wells Fargo with evidence of satisfaction of these insurance
covenants (showing Wells Fargo as loss payee and additional insured, if any) prior to receiving
the Equipment and thereafter upon request by Wells Fargo. If Equipment is, in Wells Fargo’s
reasonable opinion, an actual or constructive total loss, Wells Fargo shall be entitled to
retain the Termination Amount from the insurance proceeds and, if such proceeds are less than
the Termination Amount, to recover any shortfall from Obligor. Obligor appoints Wells Fargo as
its attorney for the purpose of endorsing and negotiating all instruments payable to Obligor and
executing all documents relating to the Loss. The proceeds of any property loss insurance shall,
at Wells Fargo’s option, be applied towards replacement or repair of the Equipment or payment of
the balance owing hereunder.

	 
	7.	 	Failure to Perform. If Obligor fails to perform any Obligation (including its obligation to
maintain adequate insurance coverage and to keep the Equipment free of Encumbrances), Wells
Fargo may, as Obligor’s lawful attorney or otherwise, do so on Obligor’s behalf (including
procuring insurance to protect Wells Fargo’s, but not Obligor’s, interests). Such failure is
a Default and Obligor shall immediately indemnify Wells Fargo for Wells Fargo’s costs of
performing such Obligation.

	 
	8.	 	Representations, Warranties & Covenants. Obligor represents, warrants and covenants (and
acknowledges Wells Fargo’s reliance thereon and that such representations, warranties and
covenants shall survive without time limit) that:

	 	(a)	 	its full legal name is as set forth above and, if a body corporate, it is and will
continue to be validly incorporated and organized;

	 
	 	(b)	 	it has all necessary power and authority to own its property and carry on its business
and to execute, deliver and perform this Security Agreement and the Note, each such action
(i) having been duly authorized, (ii) not being in conflict with any law, the constating
documents, resolutions or by-laws of Obligor or any agreement to which it is a party, and
(iii) not creating any Encumbrance on the Equipment;

	 
	 	(c)	 	this Security Agreement and the Note are and will continue to be a legal, valid and
binding obligation of Obligor, enforceable against it and effective against its creditors
in accordance with its terms;

	 
	 	(d)	 	there are no pending or threatened proceedings against Obligor before any court or
other tribunal unless disclosed to Wells Fargo in writing;

	 
	 	(e)	 	this Security Agreement is not a consumer loan or financing within the meaning of any
personal property security or consumer protection legislation, or any analogous
legislation, of any applicable jurisdiction;

	 
	 	(f)	 	Obligor’s financial information is prepared in accordance with generally accepted
accounting principles and Obligor has made full disclosure to Wells Fargo of all material
facts related to its financial well being, business and affairs;

	 
	 	(g)	 	Schedule “B” hereto is accurate and completely describes the Equipment;

	 
	 	(h)	 	Obligor shall promptly notify Wells Fargo of any loss, damage, breakdown, destruction,
seizure, theft or governmental taking of the Equipment or any part thereof (any such case
being a “Loss”), regardless of whether it is caused by any default or neglect of
Obligor;

 

 

 

	 	(i)	 	subject only to the Security, Obligor has and will continue to have good and marketable
title to the Equipment, free and clear of all Encumbrances of any kind whatsoever; and

	 
	 	(j)	 	all information now or hereafter provided by Obligor to Wells Fargo in respect of this
Security Agreement is true and does not omit to state a material fact, the omission of
which would cause such information to be misleading.

	9.	 	Defaults. Obligor is in default (a “Default”) if:

	 	(a)	 	Obligor fails to make any Installment Payment or other payment due under this Security
Agreement or the Note within ten days of its due date;

	 
	 	(b)	 	Obligor fails to perform any other Obligation;

	 
	 	(c)	 	an event of default occurs under any other agreement between Obligor and Wells Fargo
(including the Note) or between Obligor and any financial institution;

	 
	 	(d)	 	any representation or warranty of Obligor herein or given in connection with this
Security Agreement or the Note is incorrect or misleading;

	 
	 	(e)	 	the value of the Equipment is materially impaired due to Loss;

	 
	 	(f)	 	Obligor makes any assignment for the benefit of creditors, becomes insolvent, commits
an act of bankruptcy, ceases or threatens to cease to do business as a going concern,
amalgamates, is subject to a direct or indirect change in control or seeks any arrangement
or composition with its creditors;

	 
	 	(g)	 	any proceeding in bankruptcy, receivership, liquidation or insolvency is commenced by
or against Obligor or its property;

	 
	 	(h)	 	Wells Fargo in good faith believes and has commercially reasonable grounds to believe
that the prospect of payment or performance by Obligor under this Security Agreement or the
Note is or is about to be impaired or the Equipment is or is about to be placed in
jeopardy; or

	 
	 	(i)	 	any guarantor of Obligor’s Obligations disputes or seeks to determine or terminate its
guarantee or becomes subject to any of the events in clauses (f) or (g) above.

	10.	 	Remedies. Upon any Default, subject to applicable law which is not effectively hereby waived:

	 	(a)	 	Wells Fargo may by notice in writing declare Obligor to be in Default and exercise all
rights of a secured creditor available under applicable law;

	 
	 	(b)	 	Obligor shall, if Wells Fargo requests, immediately deliver the Equipment to the place
in Canada specified by Wells Fargo at Obligor’s expense;

	 
	 	(c)	 	Wells Fargo may take possession of or disable the Equipment without demand, notice or
resort to legal process and may enter on the premises of Obligor or any other person for
such purpose;

	 
	 	(d)	 	Wells Fargo may repair and restore the Equipment to its original condition (ordinary
wear and tear only excepted) at Obligor’s expense;

	 
	 	(e)	 	Wells Fargo may sell, lease or otherwise dispose of the Equipment by private or public
transaction for such consideration, payable immediately or on a deferred basis, with or
without notice to Obligor, and on such terms and conditions as Wells Fargo in its sole

	 
	 	(f)	 	Wells Fargo may, as specified in the appointment, appoint or retain a receiver or
receiver-manager as Obligor’s agent (Obligor hereby agreeing to indemnify and save any such
receiver or receiver-manager harmless) or any other person as Wells Fargo’s agent to
exercise Wells Fargo’s rights and remedies;

	 
	 	(g)	 	Wells Fargo may elect to retain the Equipment in satisfaction of all or part of the
Obligations, provided that if the Equipment is retained in respect of less than all of the
Obligations, Wells Fargo shall advise Obligor of the part of the Obligations discharged by
the retention of the Equipment and Wells Fargo may thereafter continue to enforce its other
rights and remedies; and

	 
	 	(h)	 	if Wells Fargo requests by notice in writing, Obligor shall immediately pay Wells
Fargo, as liquidated damages (and not as a penalty), the aggregate (the “Termination
Amount”) of:

	 	i.	 	all amounts then due and unpaid under the Note and this Security Agreement,
including Installment Payments and interest;

	 
	 	ii.	 	plus the present value (calculated using a discount rate of three percent (3%)
per annum, compounded monthly) of the remaining Installment Payments and all other
amounts which are scheduled to be paid under the Note and under this Security Agreement;

	 
	 	iii.	 	plus all other amounts then owing by Obligor under the Note and under this
Security Agreement;

	 
	 	iv.	 	plus all costs and expenses due to or arising from a Default (including costs due
to collection, legal fees, repossession, Equipment repair, rights enforcement, Equipment
disposition and other realization costs);

	 
	 	v.	 	plus interest thereon at the Default Rate;

	 
	 	vi.	 	less the proceeds (if any) actually received by Wells Fargo, after deducting all costs
incurred, due to the sale or other disposition of the Equipment.

 

 

 

	 	 	If the Termination Amount includes any Taxes, such amount shall be increased to ensure that the
net amount retained by Wells Fargo after remitting all Taxes will be equal to the Termination
Amount. Obligor remains liable for any deficiency remaining after Wells Fargo receives any
proceeds available from the disposition (or attempted disposition) of the Equipment or from any
insurance policy. All rights and remedies, under this Security Agreement and at law and equity,
are cumulative and not alternative or exclusive and shall not be extinguished by or merged into
any legal proceeding or judgment or by any seizure or disposition of Equipment. To the extent
permitted by law, OBLIGOR WAIVES THE BENEFIT OF ALL LAWS WHICH WOULD LIMIT WELLS FARGO’S RIGHTS
HEREUNDER, including Obligor’s rights under conditional sales, credit, personal property
security and other similar statutes such as The Limitation of Civil Rights Act (Saskatchewan),
as amended. All proceeds of sale shall be applied by Wells Fargo in reduction of the
Obligations in the order Wells Fargo, in its sole discretion, determines is appropriate. Wells
Fargo shall have no liability due to any failure to seize, realize, dispose of or otherwise deal
with the Equipment or any other collateral or enforce any of its other rights against Obligor or
any other person or for any negligence on its part or the part of its agents in so doing; nor
shall Wells Fargo be bound to institute proceedings against any person for such purposes or for
the purpose of preserving its rights in respect of the Equipment. If Wells Fargo or its agents
take possession of the Equipment they shall have no liability as a mortgagee in possession and
shall not be accountable for anything other than actual receipts.

	 
	11.	 	General. Obligor has read and understood this Security Agreement. Wells Fargo may
assign any or all of its rights or benefits under this Security Agreement or the Note without
notice to or the consent of Obligor and any assignee shall acquire such rights and benefits
free of all equities and rights of set-off, counterclaim, defense, recoupment, abatement or
compensation existing between Obligor and the assignor. If Wells Fargo makes a partial
assignment of this Security Agreement and/or the Note or is acting as agent, Wells Fargo and
its principal or partial assignee shall jointly and, as their interests may appear, severally
have rights under this Security Agreement and/or the Note. Obligor confirms that no notice of
assignment is required and waives signification of the act of assignment and delivery of a
copy of the assignment. If more than one person signs this Security Agreement or the Note as
Obligor, their liability shall be joint and several and, in the Province of Quebec, solidary,
without benefit of division or discussion.Waiver. To the maximum extent permitted by law,
Obligor waives its rights and all benefits under any existing or future statute which limits
the rights and/or remedies of a secured party and, in particular, agrees that the Limitation
of Civil Rights Act (Saskatchewan), or any provision thereof, shall not apply to this Security
Agreement or the Note. Obligor acknowledges that the provisions of this Security Agreement
and the Note are commercially reasonable.

	 
	12.	 	Administration. Subject to applicable law, Obligor confirms that it has authorized Wells
Fargo (either directly or through representatives) to conduct a credit investigation of
Obligor and its shareholders, including making inquires with its bank and other persons;
Obligor authorizes and directs such persons to answer Vendor’s inquiries. Obligor shall
provide Wells Fargo with annual financial statements within 150 days after the end of each
financial year (which have been reviewed or audited by an independent qualified professional
accountant) and such other financial information as Wells Fargo may reasonably request from
time to time. Wells Fargo may provide information about this Security Agreement and the Note
to any person. Obligor agrees to do all things required by Wells Fargo to give effect to, to
complete registrations or filings or to better evidence this Security Agreement and the Note.
Wells Fargo may charge Obligor such fees as it generally establishes from time to time for the
administration of financing agreements. Obligor shall immediately notify Wells Fargo in
writing of any change in Obligor’s name and of any change in Obligor Information. Any notice
must be in writing and shall be given by delivery, first class prepaid mail or by facsimile
to: (A) in the case of the Obligor, the address first noted above; and (B) in the case of
Wells Fargo, the address noted above for payments; or, (C) in any such case, to such other
address specified by notice. Deemed receipt of notices shall occur on the business day first
following the date it is delivered or sent by facsimile transmission or, if sent by mail,
provided there is no interruption in postal services, on the fifth business day after mailing.
Obligor acknowledges receipt of a copy of this Security Agreement, confirms that Wells Fargo
may make all security registrations or filings it deems necessary or desirable in connection
with this Security Agreement and the Note and waives, to the extent permitted by law, its
right to receive copies of financing statements, notices or filings made by Wells Fargo in
connection with this Security Agreement and the Note.

	 
	13.	 	Personal Information: If an individual, Obligor (i) acknowledges receipt of a copy of the
Wells Fargo Privacy Code; (ii) hereby confirms that he/she understands the reasons for the
collection, use and disclosure of his/her personal information and (iii) consents to the
collection, use and disclosure of his/her personal information as indicated in the Wells Fargo
Privacy Code, as amended from time to time. Obligor further, specifically, acknowledge that
Wells Fargo may assign this Security Agreement in whole or part from time to time and that
he/she expressly agrees and consents that any personal information collected may be disclosed
to and used by any such proposed assignee or the bankers or funders of Wells Fargo. 13 a) If a
corporation or other legal entity, Obligor specifically acknowledges that Wells Fargo may
assign this Security Agreement in whole or part from time to time and that it expressly agrees
and consents that any information collected may be disclosed to and used by any such proposed
assignee or the bankers or funders of Wells Fargo.

	 
	14.	 	Definitions. Terms not otherwise defined in this Security Agreement which are defined in the
Personal Property Security Act (Ontario), as amended from time to time, (the “PPSA”) have the
meaning ascribed thereto in the PPSA unless the context otherwise requires. Terms defined in
the Note which are not otherwise defined in this Security Agreement have the meaning ascribed
to such term in the Note. For the purpose of any Bills of Sale Act or other analogous
legislation, the Obligor is, for the avoidance of doubt, a “mortgagor” as such term is used in
such legislation. In this Security Agreement: “including” means “including without
limitation”; “Wells Fargo” means Wells Fargo Financial Company and its principals, successors
and assigns; “Equipment” means the chattels, equipment and other personal property described
in Schedule “B” hereto, together with all parts and accessories, replacements, additions and
accessions thereto, tangible or intangible, and including all proceeds therefrom, all of
Obligor’s rights to use or possess information, documentation, software or other intangibles
supplied in connection with such property and all of Obligor’s rights under service or
maintenance agreements, guarantees and warranties relating to such property; “Encumbrance”
means any claim, lien, charge, encumbrance, levy, security interest, mortgage, pledge,
hypothecation, assignment, seizure, trust, attachment, execution, judicial process, ownership
interest, license or leasehold interest, including any claim by a landlord or mortgagee that
an asset has become a

 

 

 

	 	 	fixture, and “Encumber” has a similar meaning; “Loss” has the meaning ascribed thereto in
Section 8 (h) of this Security Agreement; “Obligations” means Obligor’s obligation to pay all
amounts owing by Obligor to Wells Fargo under the Note, this Security Agreement or any other
agreement between Obligor and Wells Fargo and all of Obligor’s other obligations to Wells Fargo
under the Note, this Security Agreement or any other agreement now or at any time hereafter
between Obligor and Wells Fargo; “Taxes” includes all taxes, imposts, levies, fees, duties and
charges now or hereafter imposed by any taxation authority on Obligor, the Equipment or the
purchase, sale, ownership, delivery, possession, use, maintenance, operation or lease of the
Equipment or on the Obligor or Wells Fargo in respect of any of the foregoing (including sales,
excise, use, property, capital, business, transfer, goods and services and value added taxes and
penalties and interest on Taxes), excluding taxes on Wells Fargo’s net income.

	 
	15.	 	Interpretation. This Security Agreement constitutes the entire agreement between Wells Fargo
and Obligor with respect to its subject matter; for the avoidance of doubt, the Note is a
separate obligation from this Security Agreement and does not affect the interpretation of, or
limit the Obligor’s obligations under, this Security Agreement. Obligor shall have no right to
voluntarily prepay any amounts referred to herein except as expressly permitted in the Note,
it being understood that the foregoing shall not relieve Obligor from its obligation to pay
the amounts due hereunder in full upon demand following a Default. Amendments to this Security
Agreement must be in writing, reference this Security Agreement and be signed by Obligor and
Wells Fargo. Obligor acknowledges that any equipment vendor, any brokers or any other
intermediaries involved in arranging this Security Agreement are independent contractors and
are not agents of Wells Fargo or authorized to enter into agreements, amendments or waivers on
Wells Fargo’s behalf. This Security Agreement shall be interpreted according to the laws of,
and the parties submit to the non-exclusive jurisdiction of the courts of, the Province of
Ontario. The singular shall include the plural and vice versa and words importing one gender
shall include all genders. Time is of the essence. Headings and sections are only for
convenience and do not affect interpretation. This Security Agreement shall enure to and be
binding upon the parties hereto and their respective heirs, executors, administrators,
successors, permitted assigns and legal representatives. Any provision of this Security
Agreement not permitted by applicable law shall be ineffective and severed herefrom without
invalidating the remaining provisions of this Security Agreement. Failure by Wells Fargo to
exercise any right will not waive such right. Waiver of a Default is not a waiver of any
other Default. All waivers must be in writing and signed by an authorized representative of
the waiving party. All unperformed obligations of Obligor which, by their nature, are not
released by the discharge of this Security Agreement (including those under sections 5 and 10)
and the rights of Wells Fargo hereunder shall survive the discharge of this Security
Agreement.

	 
	16.	 	English. The parties have expressly required that this Security Agreement, the Note and all
documents and notices relating hereto be drafted in English. Les parties aux présentes ont
expressément exigé que la présente convention et tous les documents et avis qui y sont
afférents soient rédigés en anglais

	 	 	 	 	 
	Startek Canada Services, Ltd.

	 	Date:
	 	November_17___, 2006
	 
	Obligor Name (full legal name, including French version, if any)

	 	 	 	(signing date)
	 

The undersigned affirms that he/she/they is/are duly authorized to enter into this Security Agreement on behalf of Obligor.
(Obligor must determine the required number of corporate signatories and whether corporate seal is required. Witnesses are
mandatory for individuals.)

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Steve Butler
	 	(seal)
	 	 	 	By:
	 	 	 	(seal)
	 

	 	 
	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 
	Name/Title:

	 	Steve Butler, CEO
	 	 	 	Name/Title:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Witnessed By:

	 	/s/ Rodd Granger
	 	 	 	Witnessed By:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Witness Name:

	 	Rodd Granger
	 	 	 	Witness Name:	 	 
	 

	 	 
	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 
	Address:

	 	44 Cook St
	 	 	 	Address:	 	 
	 

	 	 

	 	 	 	 	 	 
 
	 

	 	Denver, CO 80206	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 
 

 

 

 

SCHEDULE “A”

This Schedule “A” is attached to and forms part of the Security Agreement dated the ____17th___
day of November, 2006 between Startek Canada Services, Ltd. (the “Obligor”) and Wells Fargo
Equipment Finance Company.

PROMISSORY NOTE

FOR VALUE RECEIVED, the undersigned (the “Obligor”), jointly and severally, promises to pay, as
hereinafter provided, to or to the order of Wells Fargo Equipment Finance Company (“Wells Fargo”),
at Wells Fargo’s office at 2550 Victoria Park Avenue, Toronto, Ontario, Suite 700 (or as Wells
Fargo may otherwise direct) the principal amount of Nine Million, Six Hundred and Twenty Three
Thousand, Eight Hundred and Eleven Dollars and 45 Cents ($9,623,811.45) (the “Principal”), together
with interest thereon, payable in 48 consecutive monthly installments on the same day of each
calendar month in the amounts set forth below. (The scheduled installments set forth below have
been calculated and are due and payable monthly in arrears as herein provided from the date hereof
until payment has been made of all outstanding Principal and accrued interest hereunder. Interest
shall accrue after as well as before maturity and both before and after default and/or judgment.
Interest shall accrue on any overdue payments (including overdue interest) at the rate of eighteen
percent (18%) per annum, calculated daily and compounded monthly (the “Default Rate”).

The Principal and interest thereon shall be due and payable by the undersigned in blended
installments as set forth below. Such installment payments are to be applied first to accrued and
unpaid interest and then to unpaid Principal.

	 	 	 	 	 	 	 	 	 	 	 
	No. of Monthly	 	Monthly Installment	 	 	 	No. of Monthly	 	Monthly Installment	 	 
	Payments	 	Payment $	 	Commencing (M/D/Y/)	 	Payments	 	Payment $	 	Commencing (M/D/Y)
	48
	 	$225,002.06	 	12/20/06	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 

Obligor’s payment obligations under this Note are free of all rights of set-off, defense,
recoupment, counterclaim, compensation or abatement. Such payment obligations are absolute and
unconditional. All amounts are in Canadian dollars unless otherwise stated. Acceptance of any
partial payment does not, in itself, waive Wells Fargo’s right to any other amount owing, even if
such partial payment is tendered as “payment in full”.

Obligor’s Bank Name, Address and Transit & Account No. (or attach void cheque)

 

 

 

 

 

Obligor’s Bank is hereby authorized and directed to: (A) debit Obligor’s above Bank Account, as
described in the above information, for all Installment Payments and other Security Agreement
payments purporting to be drawn on Obligor for payment to Wells Fargo and which are presented for
payment by Wells Fargo or Wells Fargo’s agent; and (B) make all such payments to Wells Fargo or
Wells Fargo’s agent from such Account. Such payments may be requested in the form of magnetic or
computer-produced tape and such Bank is hereby authorized and directed to treat them as signed by
Obligor. Obligor agrees that such Bank shall not be liable for any loss or damage incurred by
Obligor due to such Bank honouring this authorization. If such Account is transferred to another
branch, this authorization shall be directed to such other branch. This authorization may not be
revoked without Wells Fargo’s consent. Wells Fargo is irrevocably authorized, as Obligor’s lawful
attorney, to provide further evidence of this authorization to such Bank.

This note is secured by a Security Agreement dated the date hereof and given by Obligor in favour
of Wells Fargo. The Security Agreement grants Security for this Note and sets forth the rights of
Wells Fargo and any holder of this Note. Unless otherwise provided in this Note, all terms used in
this Note shall, if defined in the Security Agreement, have the corresponding meaning when used
herein; and the provisions of Sections 12, 13, 14, 15 and 16 of the Security Agreement shall apply
to and are incorporated by reference into this Note, mutatis mutandis (including the term: “Note”
in place of “Security Agreement”).

 

 

 

Notwithstanding the Security Agreement or any other agreement, this Note is an unconditional
promise to pay the Principal and interest thereon as set forth herein and this Note is a negotiable
instrument; Wells Fargo may separate and deal with this Note apart from the Security Agreement for
all purposes, including legal proceedings and assignment.

All Installment Payments and interest accrued thereon shall forthwith become accelerated and
immediately due and payable without notice or demand upon: (A) any failure to pay any Installment
Payment or interest when due in accordance with the terms of this Note; or (B) any other Default
occurring under the Security Agreement (as such term is defined therein). Such acceleration and
Default may be cured by the payment by Obligor to Wells Fargo of the Termination Amount.

If Obligor is not in Default, it may, on any scheduled Installment Payment date, provided Obligor
has irrevocably given Wells Fargo at least 30 days prior written notice of its election to prepay,
prepay its payment obligations under this Note by paying Wells Fargo the sum (the “Prepayment
Amount”) of: (A) all amounts then due and unpaid under the Security Agreement and this Note,
including Installment Payments and interest; (B) the present value (calculated using as a discount
rate the “Implicit Rate” as defined below, compounded monthly) of the remaining Installment
Payments and all other amounts which are scheduled to be paid under the Security Agreement and
under this Note; (C) the “Prepayment Premium” as defined below and (D) all other amounts due to
Wells Fargo under the Security Agreement and this Note, including indemnity payments and interest
on past due payments. Implicit Rate means 5.77%. Index Rate means 3.94%. Prepayment Premium means
if the Index Rate is greater than the rate published 5 days prior to the proposed date of
prepayment for the Government of Canada Bond having a term closest to the remaining term of this
Note as of the date of prepayment (the Prepayment Calculation Rate”) then the Prepayment Premium
shall be, the amount by which (x) the sum of all interest, calculated using the Index Rate, that
would have accrued on the principal balance being prepaid from the date of prepayment to the date
that the final payment would have been due and payable hereunder had no prepayment occurred,
exceeds (y) the sum of all interest, calculated using the Prepayment Calculation Rate, that would
have accrued on the principal balance being prepaid from the date of prepayment to the date that
the final payment would have been due and payable hereunder had no prepayment occurred. Except as
expressly permitted by this paragraph, Obligor has no right to prepay this Note. No partial
prepayments are permitted.

The Obligor hereby waives demand, presentment for payment, dishonour, notice of non-payment, notice
of dishonour, protest or noting of protest, bringing of suit and diligence in respect of any
action, proceeding or enforcement concerning this Note. This Note shall be governed by the laws of
the Province of Ontario.

	 	 	 	 	 
	Startek Canada Services, Ltd.

	 	Date:
	 	November 17___, 2006
	 
	Obligor Name (full legal name, including French version, if any)

	 	 	 	(signing date)
	 

The undersigned affirms that he/she/they is/are duly authorized to enter into this Security Agreement on behalf of Obligor. (Obligor
must determine the required number of corporate signatories and whether corporate seal is required. Witnesses are mandatory for
individuals.)

	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Steve Butler
	 	(seal)
	 	 	 	By:
	 	 	 	(seal)
	 

	 	 
	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 
	Name/Title:

	 	Steve Butler, CEO
	 	 	 	Name/Title:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Witnessed By:

	 	/s/ Rodd Granger
	 	 	 	Witnessed By:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Witness Name:

	 	Rodd Granger
	 	 	 	Witness Name:	 	 
	 

	 	 
	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 
	Address:

	 	44 Cook St
	 	 	 	Address:	 	 
	 

	 	 

	 	 	 	 	 	 
 
	 

	 	Denver, CO 80206	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 
 

 

 

 

SCHEDULE “B”

This Schedule “B” is attached to and forms part of the Security Agreement dated the ____17___day of
November, 2006 between Startek Canada Services, Ltd. (the “Obligor”) and Wells Fargo Equipment
Finance Company.

DESCRIPTION OF EQUIPMENT

See Schedules B1 and B2

 

 

 

 

SCHEDULE “C”

This Schedule “C” is attached to and forms part of the Security Agreement dated the ____17___day
of November, 2006 between Startek Canada Services, Ltd. (the “Obligor”) and Wells Fargo Equipment
Finance Company.

	 	 	 
	DIRECTION
	 	 
	TO:

	 	Wells Fargo Equipment Finance Company (“Wells Fargo”)
	RE:

	 	Direction to Pay $9,623,811.45 (the “Advance”)

	 	 	 	 	 	 	 	 	 
	to

	 	Startek Canada Services, Ltd.
	 	(“Vendor”)
	 	9,623,811.45 
	 	(the “Advance”)
	 

	 	 
	 	 	 	 	 	 

	 	 	 	 	 	 	 
	 

	 	(“Vendor”)
	 	 	 	(the “Advance”)
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	(“Vendor”)
	 	 	 	(the “Advance”)
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	(“Vendor”)
	 	 	 	(the “Advance”)
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	(“Vendor”)
	 	 	 	(the “Advance”)
	 

	 	 	 	 	 	 

Wells Fargo is hereby irrevocably authorized and directed to pay the Advance to Vendor and this
shall be Wells Fargo’s good and sufficient authority for doing so.

	 	 	 	 	 
	Startek Canada Services, Ltd.

	 	Date:
	 	November 17___2006
	 
	Obligor Name (full legal name, including French version, if any)

	 	 	 	(signing date)
	 

The undersigned affirms that he/she/they is/are duly authorized to enter into this Security Agreement on behalf of Obligor. (Obligor
must determine the required number of corporate signatories and whether corporate seal is required. Witnesses are mandatory for
individuals.)

	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Steve Butler
	 	(seal)
	 	 	 	By:
	 	 	 	(seal)
	 

	 	 
	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 
	Name/Title:

	 	Steve Butler, CEO
	 	 	 	Name/Title:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Witnessed By:

	 	/s/ Rodd Granger
	 	 	 	Witnessed By:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Witness Name:

	 	Rodd Granger
	 	 	 	Witness Name:	 	 
	 

	 	 
	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 
	Address:

	 	44 Cook St, Suite 400
	 	 	 	Address:	 	 
	 

	 	 

	 	 	 	 	 	 
 
	 

	 	Denver CO 80206	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 
 

 

 

 

Schedule “B1”

This Schedule “B1” is attached to and forms part of the Security Agreement dated the _____ 17___of November, 2006 between
Startek Canada Services, Ltd. and Wells Fargo Equipment Finance Company.

DESCRIPTION OF EQUIPMENT

Asset Location: 401 Spence Avenue, Hawkesbury, Ontario K6A 2Y3

	 	 	 	 	 	 	 	 	 
	Asset description	 	Quantity	 	Asset	 	 	Vendor
	Site Project Management fees for build out
	 	1	 	 	24927	 	 	Interior Architects
	Cupido construction
	 	1	 	 	24928	 	 	Cupido Construction Ltd.
	RMDC Task chair w/ arms Dauphin seatwise
	 	464	 	 	24929	 	 	Rocky Mountain Desk Corporation
	RMDC Conference room seating Dauphin
	 	56	 	 	24930	 	 	Rocky Mountain Desk Corporation
	RMDC Dauphin Private office desk chair
	 	6	 	 	24931	 	 	Rocky Mountain Desk Corporation
	RMDC Training room chair
	 	56	 	 	24932	 	 	Rocky Mountain Desk Corporation
	RMDC Breakroom chair poly seat & back
	 	56	 	 	24933	 	 	Rocky Mountain Desk Corporation
	RMDC Dauphin Breakroom stools
	 	6	 	 	24934	 	 	Rocky Mountain Desk Corporation
	RMDC Dauphin Private office guest chair
	 	6	 	 	24935	 	 	Rocky Mountain Desk Corporation
	RMDC Dauphin basis chair
	 	6	 	 	24936	 	 	Rocky Mountain Desk Corporation
	RMDC workstations
	 	406	 	 	24937	 	 	Rocky Mountain Desk Corporation
	RMDC workstations Supervisor
	 	20	 	 	24938	 	 	Rocky Mountain Desk Corporation
	RMDC workstations LRP
	 	1	 	 	24939	 	 	Rocky Mountain Desk Corporation
	RMDC workstations OM/TQM
	 	6	 	 	24940	 	 	Rocky Mountain Desk Corporation
	RMDC workstations QA
	 	15	 	 	24941	 	 	Rocky Mountain Desk Corporation
	RMDC workstations CCD
	 	1	 	 	24942	 	 	Rocky Mountain Desk Corporation
	RMDC workstations IT 2 PERSON
	 	1	 	 	24943	 	 	Rocky Mountain Desk Corporation
	RMDC workstations PRIVATE office
	 	5	 	 	24944	 	 	Rocky Mountain Desk Corporation
	RMDC Reception desk for two
	 	1	 	 	24945	 	 	Rocky Mountain Desk Corporation
	RMDC Privacy room recliner chair
	 	1	 	 	24946	 	 	Rocky Mountain Desk Corporation
	RMDC Conference room tables
	 	8	 	 	24947	 	 	Rocky Mountain Desk Corporation
	RMDC Breakroom tables
	 	14	 	 	24948	 	 	Rocky Mountain Desk Corporation
	RMDC Huddleroom tables
	 	4	 	 	24949	 	 	Rocky Mountain Desk Corporation
	RMDC Training tables
	 	46	 	 	24950	 	 	Rocky Mountain Desk Corporation
	RMDC Training furniture
	 	5	 	 	24951	 	 	Rocky Mountain Desk Corporation
	RMDC Training accessories
	 	2	 	 	24952	 	 	Rocky Mountain Desk Corporation
	RMDC Lateral files
	 	16	 	 	24953	 	 	Rocky Mountain Desk Corporation
	RMDC Lateral files
	 	16	 	 	25034	 	 	Rocky Mountain Desk Corporation
	RMDC Training tables
	 	1	 	 	25035	 	 	Rocky Mountain Desk Corporation
	RMDC: Kit of parts
	 	1	 	 	25036	 	 	Rocky Mountain Desk Corporation
	RMDC: Design Services-project mgmt
	 	1	 	 	25037	 	 	Rocky Mountain Desk Corporation
	RMDC: Labor-freight-brokerage
	 	1	 	 	25038	 	 	Rocky Mountain Desk Corporation
	RMDC: Keyboards
	 	7	 	 	25039	 	 	Rocky Mountain Desk Corporation
	RMDC: Receptionist Seating
	 	6	 	 	25040	 	 	Rocky Mountain Desk Corporation
	RMDC: Receptionist Table
	 	1	 	 	25041	 	 	Rocky Mountain Desk Corporation
	RMDC: Lyon Steel Shelving for Storage
	 	23	 	 	25042	 	 	Rocky Mountain Desk Corporation
	RMDC: Lyon Steel Shelving for Storage
	 	5	 	 	25043	 	 	Rocky Mountain Desk Corporation

Startek Canada Services, Ltd.

/s/ Steve Butler, CEO

Name/Title:

Page 1 of 4 to Schedule “B1”

 

 

 

Schedule “B1”

This Schedule “B1” is attached to and forms part of the Security Agreement dated the ____17___of November, 2006 between
Startek Canada Services, Ltd. and Wells Fargo Equipment Finance Company.

DESCRIPTION OF EQUIPMENT

Asset Location: 401 Spence Avenue, Hawkesbury, Ontario K6A 2Y3

	 	 	 	 	 	 	 	 	 
	Asset description	 	Quantity	 	Asset	 	 	Vendor
	Dell GX520 Desktops
	 	527	 	 	20520	 	 	Dell Computer Corp.

Serials: CGPJC91, 5HPJC91, 6HPJC91, 7HPJC91, 8HPJC91, 9HPJC91, BHPJC91, CHPJC91, FHPJC91, JHPJC91, 3JPJC91,
5JPJC91, 7JPJC91, BHPJC91, CHPJC91, FHPJC91, JHPJC91, 3JPJC91, 5JPJC91, 7JPJC91, BJPJC91, FJPJC91, JJPJC91,
2KPJC91, 4NPJC91, 7NPJC91, 9NPJC91, CNPJC91, GNPJC91, JNPJC91, 3PPJC91, 6PPJC91, 8PPJC91, 1RPJC91, 3RPJC91,
5RPJC91, 6RPJC91, 9RPJC91, BRPJC91, CRPJC91, DRPJC91, FRPJC91, GRPJC91, HRPJC91, JRPJC91, 1SPJC91, 2SPJC91,
3SPJC91, 6SPJC91, 7SPJC91, 8SPJC91, 9SPJC91, BSPJC91, DSPJC91, FSPJC91, GSPJC91, HSPJC91, 1TPJC91, BJKMC91,
JJKMC91, JJKMCC91, 2KKMC91, 3KKMC91, 4KKMC91, 5KKMC91, 8KKMC91, BKKMC91, CKKMC91, DKKMC91, HKKMC91,
JKKMC91, 2LKMC91, 3LKMC91, 5LKMC91, 9LKMC91, 6KLMC91, BKLMC91, CKLMC91, FKLMC91, GKLMC91, 2LLMC91,
3LLMC91, 4LLMC91, 6LLMC91, BLLMC91, FLLMC91, 1MLMC91, 4MLMC91, 6MLMC91, 7MLMC91, BMLMC91, FMLMC91,
73MMC91, C3MMC91, F3MMC91, 94MMC91, C4MMC91, D4MMC91, H5MMC91, 16MMC91, 36MMC91, 56MMC91,J6MMC91,
37MMC91, 86MMC91, F6MMC91, J6MC91, 37MMC91, 67MMC91, 87MMC91, G7MMC91, FDMMC91, JDMMC91, 3FMMC91,
9FMMC91, FFMMC91, 5GMMC91, 9GMMC91, 6FMMC91, 9FMMC91, FFMMC91, 5GMMC91, 9GMMC91, JGMMC91,
3HMMC91, 7HMMC91, FHMMC91, 2JMMC91, 5JMMC91, BJMMC91, FJMMC91, HJMMC91, HZTMC91, BPWMC91,
HPWMC91, 3QWMC91, BQWMC91, GQWMC91, 3RWMC91, 9RWMC91, GRWMC91, 4SWMC91, 9SWMC91, GSWMC91,
3TWMC91, 7TWMC91, BTWMC91, DTWMC91, GTWMC91, 2VWMC91, HXWMC91, JXWMC91, 2YWMC91, 4YWMC91,
7YWMC91, 9YWMC91, FYWMC91, GYWMC91, 1ZWMC91, 5ZWMC91, 7ZWMC91, DZWMC91, HZWMC91, 30XMC91,
70XMC91, C0XMC91, J0XMC91, 61XMC91, 95XMC91, D5XMC91, H5XMC91, 26XMC91, 46XMC91, 76XMC91, C6XMC91,
H6XMC91, 77XMC91, C7XMC91, J7XMC91, 48XMC91, 78XMC91, F9XMC91, J9XMC91, HJ5MC91, BL5MC91, FL5MC91,
JL5MC91, 6M5MC91, BM5MC91, CM5MC91, GM5MC91, JM5MC91, 3N5MC91, 8P5MC91, DP5MC91, HP5MC91, 3Q5MC91,
4Q5MC91, 9Q5MC91, BQ5MC91, 1V5MC91, 6V5MC91, 8V5MC91, BV5MC91, FV5MC91, HV5MC91, 1W5MC91, 5W5MC91
7W5MC91, BW5MC91, DW5MC91, FW5MC91, HW5MC91, 1X5MC91, 2X5MC91, 3X5MC91, 4X5MC91, 5KPJC91, BKPJC91,
DKPJC91, JKPJC91, 1LPJC91, 3LPJC91, 6LPJC91, 8LPJC91, CLPJC91, FLPJC91, HLPJC91, 1MPJC91, 6MPJC91, 8MPJC91,
CMPJC91, HMPJC91, INPJC91, 4Z5MC91, 6Z5MC91, 8Z5MC91, 9Z5MC91, 2L6MC91, 3L6MC91, 5L6MC91, 6L6MC91,
8L6MC91, BL6MC91, CL6MC91, FL6MC91, GL6MC91, JL6MC91, 1M6MC91, 3M6MC91, 4M6MC91, 9M6MC91, CM6MC91,
FM6MC91, GM6MC91, JM6MC91, BQ6MC91, CQ6MC91, DQ6MC91, FQ6MC91, GQ6MC91, HQ6MC91, JQ6MC91, 1R6MC91,
2R6MC91, 3R6MC91, 4R6MC91, 5R6MC91, 4Y6MC91, 6Y6MC91, 897MC91, C97MC91, F97MC91, H97MC91, 2B7MC91,
3B7MC91, 5B7MC91, 6B7MC91, BB7MC91, CB7MC91, FB7MC91, 548MC91, 648MC91, 848MC91, 948MC91, B48MC91,
D48MC91, F48MC91, G48MC91, J48MC91, 258MC91, 358MC91, 458MC91, 658MC91, 758MC91, 858MC91, 958MC91,
B58MC91, D58MC91, F58MC91, G58MC91, H58MC91, 168MC91, 268MC91, 368MC91, 468MC91, 668MC91, 768MC91,
868MC91, C68MC91, D68MC91, G68MC91, 178MC91, 278MC91, 678MC91, 878MC91, D78MC91, J78MC91, 488MC91,
888MC91, F88MC91, 398MC91, 698MC91, 998MC91, D98MC91, H98MC91, 2B8MC91, 4B8MC91, 7B8MC91, 9B8MC91,
DB8MC91, HB8MC91, 2C8MC91, 4C8MC91, 6C8MC91, BC8MC91, FC8MC91, JC8MC91, 2D8MC91, 4D8MC91, 6D8MC91,
9D8MC91, CD8MC91, FD8MC91, JD8MC91, 2F8MC91, 5F8MC91, 8F8MC91, BF8MC91, FF8MC91, HF8MC91, 1G8MC91,
3G8MC91, 6G8MC91, BG8MC91, FG8MC91, HG8MC91, 3H8MC91, 5H8MC91, 8H8MC91, BH8MC91, GH8MC91, JH8MC91,
3J8MC91, 5J8MC91, 7J8MC91, BJ8MC91, FJ8MC91, 1K8MC91, 7K8MC91, BK8MC91, JK8MC91, 5L8MC91, 9L8MC91,
FL8MC91, 1M8MC91, 5M8MC91, 7M8MC91, 8M8MC91, BM8MC91, DM8MC91, FM8MC91, GM8MC91, JM8MC91, 1N8MC91,
2N8MC91, 4N8MC91, 5N8MC91, 7N8MC91, 8N8MC91, 9N8MC91, CN8MC91, DN8MC91, FN8MC91, HN8MC91, JN8MC91,

Startek Canada Services, Ltd.

/s/ Steve Butler, CEO

Name/Title:

Page 2 of 4 to Schedule “B1”

 

 

 

Schedule “B1”

This Schedule “B1” is attached to and forms part of the Security Agreement dated the ____17___of November, 2006 between
Startek Canada Services, Ltd. and Wells Fargo Equipment Finance Company.

DESCRIPTION OF EQUIPMENT

Asset Location: 401 Spence Avenue, Hawkesbury, Ontario K6A 2Y3

	 	 	 	 	 	 	 	 	 
	Asset description	 	Quantity	 	Asset	 	 	Vendor
	Dell GX520 Desktops
	 	527	 	 	20520	 	 	Continued...

1P8MC91, 3P8MC91, 4P8MC91, 5P8MC91, 7P8MC91, 8P8MC91, JY8MC91, 2Z8MC91, 4Z8MC91, D09MC91, HO9MC91,
119MC91, 319MC91, 419MC91, 619MC91, 81MC91, C19MC91, F19MC91, J19MC91, 229MC91, 529MC91, 729MC91,
B29MC91, F29MC91, J29MC91, D59MC91, G59MC91, 469MC91, 369MC91, 669MC91, 869MC91, D69MC91, H69MC91,
179MC91, 579MC91, 879MC91, B79MC91, F79MC91, H79MC91, 189MC91, 389MC91, 589MC91, B5CNC91, G5CNC91,
26CNC91, 46CNC91, 76CNC91, B6CNC91, F6CNC91, 27CNC91, 57CNC91, 97CNC91, G7CNC91, 18CNC91, 38CNC91, 78CNC91,
D8CNC91, H8CNC91, 29CNC91, H0ZNC91, 11ZNC91, 31ZNC91, 41ZNC91, 61ZNC91, 81ZNC91, B1ZNC91, C1ZNC91, F1ZNC91,
J1ZNC91, 22ZNC91, 52ZNC91, 72ZNC91, D2ZNC91, 23ZNC91, 53ZNC91, 83ZNC91, F3ZNC91, 14ZNC91, 34ZNC91, 74ZNC91,
B4ZNC91, D4ZNC91, G4ZNC91, 15ZNC91, 45ZNC91, 75ZNC91, F5ZNC91, J5ZNC91, 26ZNC91, 46ZNC91, 66ZNC91, 96ZNC91,
C6ZNC91, 4DCNC91, 8DCNC91, GDCNC91, 2FCNC91, 7FCNC91, CFCNC91, FFCNC91, JFCNC91, 1GCNC91, 3GCNC91,
5GCNC91, 8GCNC91, DGCNC91, JGCNC91, 6HCNC91, 9HCNC91, DHCNC91, CJCNC91, 2KCNC91, 4KCNC91, 6KCNC91,
7KCNC91, 8KCNC91, BKCNC91, DKCNC91, HKCNC91, 1LCCNC91, 4LCNC91, 6LCNC91, BLCNC91, DLCNC91, JLCNC91,
3MCNC91, 6MCNC91, 8MCNC91, BMCNC91, CMCNC91, FMCNC91, HMCNC91, JMCNC91, 4NCNC91, 6NCNC91, 8NCNC91,
9NCNC91, BNCNC91, CNCNC91, GNCNC91, HNCNC91, 2PCNCN91, 4PCNC91, 6PCNC91.

	 	 	 	 	 	 	 	 	 
	Dell 1850 Server Purch — Dell Canada
	 	6	 	 	25021	 	 	Dell Computer Corp.

Serials: 6TZCJ91, GTZCJ91, JTZCJ91, 1VZCJ91, 2VZCJ91

	 	 	 	 	 	 	 	 	 
	Purch. Dell Rack — Dell Canada
	 	1	 	 	25022	 	 	Dell Computer Corp.

Serial: CWGMJ91

	 	 	 	 	 	 	 	 	 
	Purch Dell KVM Unit — Dell Canada
	 	1	 	 	25023	 	 	Dell Computer Corp.

Serial: B34KR81

	 	 	 	 	 	 	 	 	 
	Purch Dell Rack Console — Dell Canada
	 	1	 	 	25024	 	 	Dell Computer Corp.
	Binaural Headsets
	 	500	 	 	25025	 	 	Canadian Communication Products Inc.
	Monaural Headsets
	 	500	 	 	25026	 	 	Canadian Communication Products Inc.
	Smart Cords
	 	500	 	 	25027	 	 	Canadian Communication Products Inc.
	ADI Terminal, 2000-BC Ethernet
	 	86	 	 	25028	 	 	ADI Time
	ADI Time 600 MS-SQL
	 	1	 	 	25029	 	 	ADI Time
	ADI Time Web Entry Seats
	 	75	 	 	25030	 	 	ADI Time
	ADI payroll interface
	 	1	 	 	25031	 	 	ADI Time
	ADI Professional Services
	 	1	 	 	25032	 	 	ADI Time
	Dell 1100MP projectors
	 	4	 	 	25033	 	 	Dell Computer Corp.
	Router, Cisco 3825 2GE,1SFP
	 	2	 	 	25051	 	 	Bell Canada

Serials: 99GMY51, B9GMY51, D9GMY51, G9GMY51

	 	 	 	 	 	 	 	 	 
	Memory, Cisco 3825 64 to 128MB
	 	2	 	 	25052	 	 	Bell Canada
	Port, 2 port Ethernet & 2 Wan Module
	 	2	 	 	25053	 	 	Bell Canada
	Router IOS, Cisco 3825 Advanced
	 	2	 	 	25054	 	 	Bell Canada
	WAN Interface card, T1
	 	14	 	 	25055	 	 	Bell Canada
	Switches, Cisco C2950 48p 10/100
	 	17	 	 	25056	 	 	Bell Canada

Startek Canada Services, Ltd.

/s/ Steve Butler, CEO

Name/Title:

Page 3 of 4 to Schedule “B1”

 

 

 

Schedule “B1”

This Schedule “B1” is attached to and forms part of the Security Agreement dated the ____17___of November, 2006 between
Startek Canada Services, Ltd. and Wells Fargo Equipment Finance Company.

DESCRIPTION OF EQUIPMENT

Asset Location: 401 Spence Avenue, Hawkesbury, Ontario K6A 2Y3

	 	 	 	 	 	 	 	 	 
	Asset description	 	Quantity	 	Asset	 	 	Vendor
	Chassis, Cisco Catalyst 4500 3-slot
	 	2	 	 	25057	 	 	Bell Canada
	Power Supply, Cisco Catalyst 4500
	 	4	 	 	25058	 	 	Bell Canada
	IOS, Cisco Catalyst 4500, ENH SW L3
	 	2	 	 	25059	 	 	Bell Canada
	GBIX, 1000Base-SX short wave
	 	4	 	 	25060	 	 	Bell Canada
	Blades, 48 port, Catalyst 4500
	 	2	 	 	25061	 	 	Bell Canada
	Catalyst 4000 Supervisor IV
	 	2	 	 	25062	 	 	Bell Canada
	Wideband: Security System
	 	1	 	 	25065	 	 	Wideband Communications
	IEX license
	 	1	 	 	25066	 	 	IEX
	HP laserjet 2420dn
	 	3	 	 	25067	 	 	ASAP Software

Serials: CNGKJ38831, CNGKJ37402, CNGKJ38913

	 	 	 	 	 	 	 	 	 
	IBM T43 laptop
	 	3	 	 	25068	 	 	ASAP Software

Serials: 1S2687D3UL3AV637, 1S2687D3UL3AV631, 1S2687D3UL3AV173

	 	 	 	 	 	 	 	 	 
	Headsets for PC training
	 	150	 	 	25069	 	 	ASAP Software
	Contract labor to unload unpack move and set up PC
	 	1	 	 	25070	 	 	Prescott-Russell Inc.
	Purch of Rack and Server — Dell Canada
	 	1	 	 	25071	 	 	Dell Computer Corp.

Serial: DLK7Q91

	 	 	 	 	 	 	 	 	 
	Qwiz 41254 02/20/06 Fee-Consulting CRD-2006-01
	 	1	 	 	25072	 	 	Qwiz, Inc.
	Aspect software to DM
	 	3	 	 	25073	 	 	Aspect Communications
	Hawkesbury building cabling Bell
	 	1	 	 	25074	 	 	Bell Canada
	Avaya Hardware Bell Can
	 	3143	 	 	25075	 	 	Bell Canada
	Avaya Software
	 	1939	 	 	25076	 	 	Bell Canada
	RMDC: Reception Seating
	 	6	 	 	25079	 	 	Rocky Mountain Desk Corporation
	Ext Mics
	 	4	 	 	25080	 	 	Canadian Communication Products Inc.
	Music On Hold
	 	2	 	 	25081	 	 	Communitech
	Speaker Phone Can comm
	 	4	 	 	25101	 	 	Canadian Communication Products Inc.
	BENDSEN SIGNS & GRAPHICS—FURNISH & INSTALL
	 	1	 	 	25109	 	 	Bendsen Signs & Graphics
	Additional Electrical work in main IT room
	 	542	 	 	25121	 	 	Laurier Electric
	NEW WORK FORCE MGMT
	 	20	 	 	25132	 	 	Bell Canada
	SOFTWARE LICENCE
	 	1	 	 	25133	 	 	Bell Canada
	Tech avaya april 4, 5, & 6
	 	1	 	 	25134	 	 	Bell Canada
	Conduit install Aecon Utilities
	 	1	 	 	25135	 	 	Aecon Utilities Inc.
	WFM Aadapter Standard Non-Aspect
	 	3	 	 	25136	 	 	Aspect Communications
	Quality Monitoring Equipment
	 	617	 	 	25148	 	 	Bell Canada
	Quality Monitoring Equipment
	 	618	 	 	25150	 	 	Bell Canada
	Implementation; eWFM adaptor
	 	1	 	 	25180	 	 	Aspect Communications
	Terminal, Ethernet 2000-BC
	 	1	 	 	25205	 	 	ADI Time
	Terminal, Ethernet 2000-BC
	 	1	 	 	25206	 	 	ADI Time
	Terminal, Ethernet 2000-BC
	 	1	 	 	25207	 	 	ADI Time
	Implementation; DataMart contributor frm Avaya swi
	 	1	 	 	25232	 	 	Aspect Communications
	Cupido construction-Additional invoices
	 	1	 	 	25264	 	 	Cupido Construction Ltd.
	Wideband: Security System-Additional costs
	 	8	 	 	25266	 	 	Wideband Communications
	Receiver for 1046-5; Hawkesbury, Cabling
	 	1	 	 	9000194	 	 	Bell Canada

Startek Canada Services, Ltd.

/s/ Steve Butler, CEO

Name/Title:

Page 4 of 4 to Schedule “B1”

 

 

 

Schedule “B2”

This Schedule “B2” is attached to and forms part of the Security Agreement dated the ____17___of November, 2006 between
Startek Canada Services, Ltd. and Wells Fargo Equipment Finance Company.

DESCRIPTION OF EQUIPMENT

Asset Location: 125 Syndicate Street, Thunder Bay, Ontario

	 	 	 	 	 	 	 	 	 
	Asset description	 	Quantity	 	Asset	 	 	Vendor
	Design & Engineering Fees for Buildout
	 	1	 	 	24955	 	 	Interior Architects
	Buildout Costs
	 	1	 	 	24956	 	 	Cupido Construction Ltd.
	Signage, 6 ft by 12 ft, exterior.
	 	1	 	 	24957	 	 	Bendsen Sign & Graphics, Inc.
	Bike rack, 12 bike capacity
	 	1	 	 	24958	 	 	Nova-Pro Industrial Supply Ltd.
	Chair, Ergonomic Task w/arms, olive
	 	424	 	 	24959	 	 	Rocky Mountain Desk Corporation
	Chair, Conference/Huddle Room, Resolve/Char
	 	55	 	 	24960	 	 	Rocky Mountain Desk Corporation
	Chair, Private office desk, Revolve/Grade A Annatt
	 	6	 	 	24961	 	 	Rocky Mountain Desk Corporation
	Chair, Training Room, Revolve/Annatto
	 	56	 	 	24962	 	 	Rocky Mountain Desk Corporation
	Chair, Breakroom, Black
	 	60	 	 	24963	 	 	Rocky Mountain Desk Corporation
	Chair, Breakroom Stools-Bar height, Black
	 	6	 	 	24964	 	 	Rocky Mountain Desk Corporation
	Chair, Private Office Guest, revolve ammatto
	 	12	 	 	24965	 	 	Rocky Mountain Desk Corporation
	Chair, Ergonomic Substantial 350, olive
	 	6	 	 	24966	 	 	Rocky Mountain Desk Corporation
	Application area keyboard freight & install
	 	7	 	 	24967	 	 	Rocky Mountain Desk Corporation
	Chair, Softcare Innovations Recliner, medical room
	 	1	 	 	24968	 	 	Rocky Mountain Desk Corporation
	Table, reception area, glass top/chrome legs
	 	1	 	 	24969	 	 	Rocky Mountain Desk Corporation
	Chair, reception seating, Cartwright Grable armles
	 	34	 	 	24970	 	 	Rocky Mountain Desk Corporation
	Shelving, training area
	 	1	 	 	24971	 	 	Rocky Mountain Desk Corporation
	Shelving, Janitorial
	 	1	 	 	24972	 	 	Rocky Mountain Desk Corporation
	Workstations, agent, Type A
	 	377	 	 	24973	 	 	Rocky Mountain Desk Corporation
	Workstations, supervisor, Type B
	 	21	 	 	24974	 	 	Rocky Mountain Desk Corporation
	Workstations, LRP, Type C
	 	1	 	 	24975	 	 	Rocky Mountain Desk Corporation
	Workstations, Manager, Type D
	 	5	 	 	24976	 	 	Rocky Mountain Desk Corporation
	Workstations, QA, Type E
	 	7	 	 	24977	 	 	Rocky Mountain Desk Corporation
	Workstations, IT, Type G
	 	1	 	 	24978	 	 	Rocky Mountain Desk Corporation
	Furniture,Private office
	 	6	 	 	24979	 	 	Rocky Mountain Desk Corporation
	Desk, reception station for 2 people
	 	4	 	 	24980	 	 	Rocky Mountain Desk Corporation
	Training room accessories-whitebds, lecterns, etc
	 	2	 	 	24981	 	 	Rocky Mountain Desk Corporation
	Tables, UpStart conference, rectangular
	 	8	 	 	24982	 	 	Rocky Mountain Desk Corporation
	Tables, UpStart breakroom, round
	 	15	 	 	24983	 	 	Rocky Mountain Desk Corporation
	Tables, UpStart huddle room, round
	 	4	 	 	24984	 	 	Rocky Mountain Desk Corporation
	Tables, UpStart training room, rectangular
	 	46	 	 	24985	 	 	Rocky Mountain Desk Corporation
	Tables, UpStart LRP, rectangular
	 	1	 	 	24986	 	 	Rocky Mountain Desk Corporation

Startek Canada Services, Ltd.

/s/ Steve Butler, CEO

Name/Title:

Page 1 of 5 to Schedule “B2”

 

 

 

Schedule “B2”

This Schedule “B2” is attached to and forms part of the Security Agreement dated the ____17___of November, 2006 between
Startek Canada Services, Ltd. and Wells Fargo Equipment Finance Company.

DESCRIPTION OF EQUIPMENT

Asset Location: 125 Syndicate Street, Thunder Bay, Ontario

	 	 	 	 	 	 	 	 	 
	Asset description	 	Quantity	 	Asset	 	 	Vendor
	Files, lateral 4H
	 	8	 	 	24987	 	 	Rocky Mountain Desk Corporation
	Files, lateral 4H
	 	4	 	 	24988	 	 	Rocky Mountain Desk Corporation
	Design fees for furniture layout
	 	1	 	 	24989	 	 	Rocky Mountain Desk Corporation
	Labor to receive & install call center furniture
	 	1	 	 	24990	 	 	Rocky Mountain Desk Corporation
	Laptop, IBM Thinkpad R60P Express T2500
	 	1	 	 	24991	 	 	ASAP Software

Serial: 1S2623DDUL3A0531

	 	 	 	 	 	 	 	 	 
	Laptop, IBM Thinkpad R60P Express T2500
	 	1	 	 	24992	 	 	ASAP Software

Serial: 1S263DDUL3A0566

	 	 	 	 	 	 	 	 	 
	IEX License
	 	1	 	 	24993	 	 	IEX
	Headsets, Monaural, 2020-NC
	 	500	 	 	24994	 	 	Canadian Communication Products Inc.
	Headsets, Biaural, 2025-NC
	 	500	 	 	24995	 	 	Canadian Communication Products Inc.
	Router, Cisco 3825 2GE,1SFP
	 	2	 	 	24996	 	 	Bell Canada
	Memory, Cisco 3825 64 to 128MB
	 	2	 	 	24997	 	 	Bell Canada
	Port, 2 port Ethernet & 2 Wan Module
	 	4	 	 	24998	 	 	Bell Canada
	Router IOS, Cisco 3825 Advanced
	 	2	 	 	24999	 	 	Bell Canada
	WAN Interface card, T1
	 	14	 	 	25000	 	 	Bell Canada
	Switches, Cisco C2950 48p 10/100
	 	17	 	 	25001	 	 	Bell Canada
	Chassis, Cisco Catalyst 4500 3-slot
	 	2	 	 	25002	 	 	Bell Canada
	Power Supply, Cisco Catalyst 4500
	 	4	 	 	25003	 	 	Bell Canada
	IOS, Cisco Catalyst 4500, ENH SW L3
	 	2	 	 	25004	 	 	Bell Canada
	GBIX, 1000Base-SX short wave
	 	4	 	 	25005	 	 	Bell Canada
	Catalyst 4000 Supervisor IV
	 	2	 	 	25006	 	 	Bell Canada
	Blades, 48 port, Catalyst 4500
	 	2	 	 	25007	 	 	Bell Canada
	Project Management fees, Mark Cohen
	 	1	 	 	25008	 	 	Organic People, Inc.
	ADI Terminal, 2000-BC Ethernet
	 	86	 	 	25009	 	 	ADI Time
	ADI Time 600 MS-SQL
	 	1	 	 	25010	 	 	ADI Time
	ADI Time Web Entry Seats
	 	75	 	 	25011	 	 	ADI Time
	ADI payroll interface
	 	1	 	 	25012	 	 	ADI Time
	ADI Professional Services
	 	2	 	 	25013	 	 	ADI Time
	Rack console, 5Q 15FP
	 	1	 	 	25014	 	 	Dell ComputerCorp.
	Rack, PowerEdge 4210
	 	1	 	 	25015	 	 	Dell ComputerCorp.

Serial: 2RGMJ91

	 	 	 	 	 	 	 	 	 
	KVM Unit
	 	1	 	 	25016	 	 	Dell ComputerCorp.

Serial: 5Z3KR81

Startek Canada Services, Ltd.

/s/ Steve Butler, CEO

Name/Title:

Page 2 of 5 to Schedule “B2”

 

 

 

Schedule “B2”

This Schedule “B2” is attached to and forms part of the Security Agreement dated the ____17___of November, 2006 between
Startek Canada Services, Ltd. and Wells Fargo Equipment Finance Company.

DESCRIPTION OF EQUIPMENT

Asset Location: 125 Syndicate Street, Thunder Bay, Ontario P7C 5K4

	 	 	 	 	 	 	 	 	 
	Asset description	 	Quantity	 	Asset	 	 	Vendor
	Server, Dell PowerEdge 1850
	 	6	 	 	25017	 	 	Dell ComputerCorp.

Serials: BG5DJ91, DG5DJ91, HG5DJ91, 1H5DJ91, 2H5DJ91, 3H5DJ91

	 	 	 	 	 	 	 	 	 
	Projectors, Dell 1100MP DLP
	 	4	 	 	25018	 	 	Dell ComputerCorp.

Serials: 2C5MY51, 2D5MY51, 3M4MY51, DC5MY51

	 	 	 	 	 	 	 	 	 
	Desktop, Dell Optiplex GX520, P4 521/2.8GHz
	 	527	 	 	25019	 	 	Dell ComputerCorp.

Serials: 1Q81D91, 4Q81D91, 5Q81D91, 9Q81D91, DQ81D91, JQ81D91, 4R81D91. 7R81D91, DR81D91, GR81D91, 3S81D91,
5S81D91, 9S81D91, FS81D91, JS81D91, 4T81D91, 7T81D91, 10J1D91, 50J1D91, 70J1D91, B0J1D91, D0J1D91, J0J1D91,
41J1D91, 81J1D91, D1J1D91, H1J1D91, 22J1D91, 72J1D91, B2J1D91, J2J1D91, 13J1D91, 33J1D91, 73J1D91, FT81D91,
2V81D91, 3V81D91, 6V81D91, 9V81D91, BV81D91, GV81D91, HV81D91, 3W81D91, 6W81D91, CW81D91, HW81D91, 4X81D91,
8X81D91, 9X81D91, DX81D91, 2Y81D91, B7Z1D91, C7Z1D91, F7Z1D91, H7Z1D91, J7Z1D91, 28Z1D91, 48Z1D91, 58Z1D91,
3HZ1D91, 5HZ1D91, 6HZ1D91, 7HZ1D91, CHZ1D91, DHZ1D91, FHZ1D91, JHZ1D91, 1JZ1D9145N2D91, 75N2D91, B5N2D91
F5N2D91, H5N2D91, 26N2D91, 56N2D91, 66N2D91, B6N2D91, D6N2D91, H6N2D91, 37N2D91, 67N2D91, B7N2D91, F7N2D91,
28N2D91, 78N2D91, 1ZJ4D91, 4ZJ4D91, 9ZJ4D91, FZJ4D91, 40K4D91, 50K4D91, 80K4D91, B0K4D91, C0K4D91, H0K4D91,
11K4D91, 41K4D91, 71K4D91, 91K4D91, B1K4D91, F1K4D91, G1K4D91, 3NS4D91, 4NS4D91, 6NS4D91, 8NS4D91, BNS4D91,
FNS4D91, HNS4D91, 1PS4D91, 3PS4D91, 5PS4D91, 7PS4D91, 8PS4D91, BPS4D91, DPS4D91, GPS4D91, 1QS4D91, 3QS4D91,
CSDZC91, DSDZC91, FSDZC91, GSDZC91, HSDZC91, JSDZC91, 1TDZC91, 3TDZC91, 4TDZC91, 6TDZC91, 8TDZC91,
9TDZC91, BTDZC91, CTDZC91, DTDZC91, FTDZC91, HTDZC91, JTDZC91, 2VDZC91, 3VDZC91, 4VDZC91, 6VDZC91,
7VDZC91, 9VDZC91, DVDZC91, FVDZC91, HVDZC91, 1WDZC91, 3WDZC91, 4WDZC91, 7WDZC91, 9WDZC91, FWDZC91,
HWDZC91, B1FZC91, 4NLZC91, 6NLZC91, BNLZC91, CNLZC91, DNLZC91, GNLZC91, HNLZC91, JNLZC91, 2PLZC91,
3PLZC91, 4PLZC91, 5PLZC91, 6PLZC91, 8PLZC91, BPLZC91, FPLZC91, 93J1D91, F3J1D91, J3J1D91, 34J1D91, 64J1D91,
B4J1D91, D4J1D91, J4J1D91, 25J1D91, 35J1D91, 75J1D91, B5J1D91, D5J1D91, G5J1D91, 16J1D91, 46J1D91, 66J1D91,
96J1D91, G6J1D91, H6J1D91, 37J1D91, 28J1D91, 58J1D91, 78J1D91, B8J1D91, D8J1D91, G8J1D91, H8J1D91, 49J1D91,
69J1D91, 99J1D91, C9J1D91, F9J1D91, G9J1D91, 92N2D91, B2N2D91, 43N2D91, 83N2D91, D3N2D91, H3N2D91, 14N2D91,
34N2D91, 44N2D91, 64N2D91, 74N2D91, B4N2D91, C4N2D91, F4N2D91, G4N2D91, J4N2D91, 15N2D91, 2JZ1D91, 6JZ1D91,
9JZ1D91, DJZ1D91, FJZ1D91, JJZ1D91, B202D91, D202D91, J202D91, 4302D91, 7302D91, D302D91, J302D91, 4402D91,
J402D91, 5502D91, H502D91, F8MYC91, J8MYC91, 19MYC91, 39MYC91, 59MYC91, 89MYC91, B9MYC91, D9MYC91,
F9MYC91, G9MYC91, H9MYC91, 1BMYC91, 3BMYC91, 5BMYC91, 8BMYC91, 9BMYC91, BBMYC91, CBMYC91, DBMYC91,
GBMYC91, HBMYC91, 1CMYC91, 3CMYC91, 6CMYC91, 8CMYC91, DCMYC91, FCMYC91, HCMYC91, JCMYC91, 3DMYC91,
5DMYC91, 8DMYC91, 9DMYC91, DDMYC91, GDMYC91, HDMYC91, 2FMYC91, 3FMYC91, 6FMYC91, 8FMYC91, CFMYC91,
FFMYC91, HFMYC91, 2GMYC91, 4GMYC91, 7GMYC91, DGMYC91, 3HMYC91, 4HMYC91, 8HMYC91, BHMYC91, GHMYC91,

Startek Canada Services, Ltd.

/s/ Steve Butler, CEO

Name/Title:

Page 3 of 5 to Schedule “B2”

 

 

 

Schedule “B2”

This Schedule “B2” is attached to and forms part of the Security Agreement dated the ____17___of November, 2006 between
Startek Canada Services, Ltd. and Wells Fargo Equipment Finance Company.

DESCRIPTION OF EQUIPMENT

Asset Location: 125 Syndicate Street, Thunder Bay, Ontario P7C 5K4

	 	 	 	 	 	 	 	 	 
	Asset description	 	Quantity	 	Asset	 	 	Vendor
	Desktop, Dell Optiplex GX520, P4 521/2.8GHz
	 	527	 	 	25019	 	 	Continued...

3JMYC91, 4JMYC91, 6JMYC91, 8JMYC91, CJMYC91, HJMYC91, 3KMYC91, 4KMYC91, 5KMYC91, 9KMYC91, 1LMYC91,
2LMYC91, 4LMYC91, 6LMYC91, 9LMYC91, 3MMYC91, 6602D91, 9602D91, F602D91, JM32D91, 4N32D91, 6N32D91,
8N32D91, DN32D91, JN32D91, 2P32D91, 7P32D91, BP32D91, DP32D91, FP32D91, 1Q32D91, 6Q32D91, 2R32D91, 5MMYC91,
8MMYC91, CMMYC91, FMMYC91, JMMYC91, 1NMYC91, 4NMYC91, 5NMYC91, 9NMYC91, CNMYC91, DNMYC91,
GNMYC91, 1PMYC91, 2PMYC91, 4PMYC91, 5PMYC91, 8PMYC91, 9PMYC91, BPMYC91, DPMYC91, FPMYC91, GPMYC91,
JPMYC91, 1QMYC91, 3QMYC91, 5QMYC91, 6QMYC91, 8QMYC91, 9QMYC91, CQMYC91, DQMYC91, GQMYC91,
HQMYC91, JQMYC91, 2RMYC91, 6RMYC91, 7RMYC91, 8RMYC91, BRMYC91, DRMYC91, FRMYC91, HRMYC91, JRMYC91,
3SMYC91, 7SMYC91, BSMYC91, CSMYC91, DSMYC91, FSMYC91, HSMYC91, JSMYC91, 2TMYC91, 5TMYC91, 7TMYC91,
9TMYC91, BTMYC91, DTMYC91, GTMYC91, JTMYC91, 2VMYC91, 5VMYC91, 7VMYC91, 9VMYC91, BVMYC91, DVMYC91,
FVMYC91, HVMYC91, JVMYC91, 3WMYC91, 7WMYC91, 9WMYC91, DWMYC91, FWMYC91, HWMYC91, 1XMYC91,
2XMYC91, 4XMYC91, 8XMYC91, 9XMYC91, CXMYC91, GXMYC91, HXMYC91, 2YMYC91, 4YMYC91, 6YMYC91, 7YMYC91,
9YMYC91, CYMYC91, HYMYC91, JYMYC91, 2ZMYC91, 8ZMYC91, CZMYC91, FZMYC91, JZMYC91, 30NYC91, 50NYC91,
70NYC91, B0NYC91, F0NYC91, G0NYC91, J0NYC91, 84NYC91, 6RYYC91, BRYYC91, DRYYC91, 1SYYC91, 3SYYC91,
5SYYC91, 8SYYC91, BSYYC91, DSYYC91, JSYYC91, 4TYYC91, 6TYYC91, 9TYYC91, CTYYC91, GTYYC91, JTYYC91,
8V92D91, 9V92D91, BV92D91, CV92D91, DV92D91, FV92D91, GV92D91, HV92D91, JV92D91, 1W92D91, 2W92D91,
4W92D91, 6W92D91, 7W92D91, 8W92D91, 9W92D91, BW92D91, 8QB1D91, BQB1D91, DQB1D91, FQB1D91, GQB1D91,
HQB1D91, 3RB1D91, 4RB1D91, 6RB1D91, 8RB1D91, CRB1D91, HRB1D91, JRB1D91, 5SB1D91, 7SB1D91, 9SB1D91, BSB1D91,
GSB1D91, HSB1D91, 1TB1D91, 3TB1D91, 6TB1D91, 7TB1D91, 8TB1D91, BTB1D91, FTB1D91, GTB1D91, 1VB1D91, 2VB1D91,
4VB1D91, 6VB1D91, 8VB1D91, CVB1D91, DVB1D91, HVB1D91, 2WB1D91, 5WB1D91, 8WB1D91, BWB1D91, DWB1D91,
FWB1D91, HWB1D91, JWB1D91, 1XB1D91, 3XB1D91, 4XB1D91, 6XB1D91, 7XB1D91, 9XB1D91, BXB1D91, DXB1D91,
FXB1D91, JXB1D91, 2YB1D91, 6YB1D91, 7YB1D91, BYB1D91, DYB1D91, HYB1D91, 4ZB1D91, 8ZB1D91, BZB1D91, DZB1D91,
JZB1D91, 30B1D91, 50B1D91, 70B1D91, B0B1D91.

	 	 	 	 	 	 	 	 	 
	Headsets for PC training
	 	150	 	 	25099	 	 	ASAP Software
	Purch of Rack and Server — Dell Canada
	 	4	 	 	25100	 	 	Dell ComputerCorp.

Serials: B2GNY51, G2NY51, 8QVZP91, 7YD9Q91

	 	 	 	 	 	 	 	 	 
	Speaker Phone Can comm
	 	2	 	 	25102	 	 	Canadian Communication Products Inc.
	Ext Mics
	 	2	 	 	25103	 	 	Canadian Communication Products Inc.
	Avaya Hardware Bell Can
	 	3360	 	 	25104	 	 	Bell Canada
	Avaya Software
	 	2340	 	 	25105	 	 	Bell Canada
	Hawkesbury building cabling Bel
	 	1	 	 	25106	 	 	Bell Canada

Startek Canada Services, Ltd.

/s/ Steve Butler, CEO

Name/Title:

Page 4 of 5 to Schedule “B2”

 

 

 

Schedule “B2”

This Schedule “B2” is attached to and forms part of the Security Agreement dated the ____17___of November, 2006 between
Startek Canada Services, Ltd. and Wells Fargo Equipment Finance Company.

DESCRIPTION OF EQUIPMENT

Asset Location: 125 Syndicate Street, Thunder Bay, Ontario P7C 5K4

	 	 	 	 	 	 	 	 	 
	Asset description	 	Quantity	 	Asset	 	 	Vendor
	IBM T43 laptop, Port Replicators, APC Back-ups, Printers
	 	12	 	 	25107	 	 	ASAP Software

Serials: 1S2687D3UL3AY826, 1S2687D3UL3AV186, 1S2687D3UL3AY818, 1S74P6733M1A2ZR6, 1S74P6733M1A31DN,
1S74P6733M1A31EN, SL3BHW30, SL3BHW34, SL3BHW36, SBB0542022893, SBB0542022940, SBB0542023159,
SBB0542023175, SBB0542024174, MY5BM3W1P4

	 	 	 	 	 	 	 	 	 
	HP laserjet 2420dn
	 	3	 	 	25108	 	 	ASAP Software

Serials: CNGKJ37023, CNGKJ38824, CNGKJ38834

	 	 	 	 	 	 	 	 	 
	Wideband: Security System
	 	1	 	 	25110	 	 	Wideband Communications
	Meter; electric meter, CT’s, PT’s & Installation
	 	1	 	 	25111	 	 	Thunder Bay Hydro Electricity Distribution Inc.
	Laptop Accessories; docking stations, pwr supplies
	 	8	 	 	25112	 	 	ASAP Software

Serials: SM1A63MM, SM1A650F, SM1A650Q, SL3CYD18, SL3CYD95, SL3CYD20, SL3CYE13, SL3CYD38

	 	 	 	 	 	 	 	 	 
	Music On Hold
	 	1	 	 	25113	 	 	Communitech
	Aspect software to DM
	 	2	 	 	25114	 	 	Aspect Communications
	Extending phone switch
	 	1	 	 	25115	 	 	Bell Canada
	SOFTWARE LICENCE
	 	1	 	 	25137	 	 	Bell Canada
	Tech avaya april 4, 5, & 6
	 	1	 	 	25138	 	 	Bell Canada
	NEW WORK FORCE MGMT
	 	20	 	 	25139	 	 	Bell Canada
	WFM ADAPETER STAND
	 	3	 	 	25140	 	 	Aspect Communications
	Quality Monitoring Equipment
	 	1	 	 	25147	 	 	Bell Canada
	Quality Monitoring Equipment
	 	1	 	 	25149	 	 	Bell Canada
	Design & Engineering Fees for Buildout-Additional
	 	1	 	 	25179	 	 	Interior Architects
	Music on Hold for IP Remote Programming
	 	1	 	 	25204	 	 	Communitech
	Terminal, Ethernet 2000-BC
	 	1	 	 	25208	 	 	ADI Time
	Terminal, Ethernet 2000-BC
	 	1	 	 	25209	 	 	ADI Time
	Terminal, Ethernet 2000-BC
	 	1	 	 	25210	 	 	ADI Time
	Wideband: Security System, SU Keyswitch c/w LED
	 	1	 	 	25269	 	 	Wideband Communications

Serial: 960L-MO-MAX28

	 	 	 	 	 	 	 	 	 
	Buildout Costs-Additional payments
	 	1	 	 	25270	 	 	Cupido Construction Ltd.
	Buildout Costs-Additional payments
	 	1	 	 	25271	 	 	Cupido Construction Ltd.
	Receiver for C1047-9; Thunder Bay Fac. Buildout
	 	1	 	 	9000161	 	 	First general Services

Startek Canada Services, Ltd.

/s/ Steve Butler, CEO

Name/Title:

Page 5 of 5 to Schedule “B2”

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