Document:

SUBSIDIARY
GUARANTY

     

    THIS SUBSIDIARY GUARANTY (this
“Subsidiary
Guaranty”), dated as of June 25, 2009, among Map VI Acquisition, Inc., a
Delaware corporation (the “Company”), the each
of the entities set forth on the signature page hereof (individually, a “Subsidiary Guarantor”
and collectively the “Subsidiary
Guarantor”), for the benefit of RM Enterprises International Ltd. and its
endorsees, transferees and assigns (the “Secured
Party”).

     

    WITNESSETH:

     

    WHEREAS,
pursuant to a Loan and Security Agreement, dated the date hereof, between
Company and the Secured Party (the “Agreement”), the
Secured Party has agreed to lend to the Company the principal sum of $6,000,000
(the “Loan”),
due two years from the date of issue under the terms of a secured convertible
promissory note (the “Note”), which is
convertible into shares of Company’s Common Stock, par value $.0001 per share
(the “Common
Stock”).  In connection therewith, Company shall issue the
Secured Party Common Stock purchase warrants (the “Warrants”);
and

     

    WHEREAS,
the Company and the Subsidiary Guarantors have been, and are now, engaged in the
business of operating radio broadcast stations; and

     

    WHEREAS,
the Subsidiary Guarantors constitute all of the subsidiaries of the Company and
it is in the best interest of the Subsidiary Guarantors as subsidiaries of the
Company and the indirect beneficiaries of the Purchase and Note, that the
Secured Party enter into the Agreement and make the Loan to the Company;
and

     

    WHEREAS,
as a material inducement to the Secured Party to enter into the Agreement and
make the Loan, the Secured Party has required and the Subsidiary Guarantors have
agreed to unconditionally guarantee the timely and full satisfaction of all
obligations of the Company, whether matured or unmatured, now or hereafter
existing or created and becoming due and payable (the “Obligations”) to the
Secured Party, its successors, endorsees, transferees or assigns under the Loan
Documents (as defined in the Agreement); and

     

    WHEREAS,
in light of the foregoing, each Subsidiary Guarantor expects to derive
substantial benefit from the Agreement and issuance of the Notes and the
transactions contemplated thereby and, in furtherance thereof, has agreed to
execute and deliver this Subsidiary Guaranty.

     

    NOW,
THEREFORE, in consideration of the foregoing recitals, and the mutual covenants
contained herein, the parties hereby agree as follows:

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    1.      Guaranty.  The
Subsidiary Guarantors, jointly and severally, hereby absolutely, unconditionally
and irrevocably guarantee to the Secured Party, its successors, endorsees,
transferees and assigns the due and punctual performance and payment of the
Obligations owing to the Secured Party, its successors, endorsees, transferees
or assigns when due, all at the time and place and in the amount and manner
prescribed in, and otherwise in accordance with, the Loan Documents, regardless
of any defense or set-off counterclaim which the Company or any other person may
have or assert, and regardless of whether or not the Secured Party or anyone on
behalf of the Secured Party shall have instituted any suit, action or proceeding
or exhausted its remedies or taken any steps to enforce any rights against the
Company or any other person to compel any such performance or observance or to
collect all or part of any such amount, either pursuant to the provisions of the
Loan Documents or at law or in equity, and regardless of any other condition or
contingency.

     

    2.      Waiver of
Demand.  The Subsidiary Guarantors hereby
unconditionally:  (i) waives any requirement that the Secured Party,
in the event of a breach in any material respect by the Company of any of its
representations or warranties in the Loan Documents , first make demand upon, or
seek to enforce remedies against, the Company or any other person before
demanding payment of enforcement hereunder; (ii) covenants that this Subsidiary
Guaranty will not be discharged except by complete performance of all the
Obligations; (iii) agrees that this Subsidiary Guaranty shall remain in full
force and effect without regard to, and shall not be affected or impaired,
without limitation, by, any invalidity, irregularity or unenforceability in
whole or in part of the Loan Documents  or any limitation on the
liability of the Company thereunder, or any limitation on the method or terms of
payment thereunder which may now or hereafter be caused or imposed in any manner
whatsoever; and (iv) waives diligence, presentment and protest with respect to,
and notice of default in the performance or payment of any Obligation by the
Company under or in connection with the Loan Documents .

     

    3.           Absolute
Obligation.  Each Subsidiary Guarantor acknowledges and agrees
that (i) no Secured Party has made any representation or warranty to such
Subsidiary Guarantor with respect to the Company, any of its subsidiaries, any
Loan Documents  or any agreement, instrument or document executed or
delivered in connection therewith, or any other matter whatsoever, and (ii) such
Subsidiary Guarantor shall be liable hereunder, and such liability shall not be
affected or impaired, irrespective of (A) the validity or enforceability of any
Loan Documents , or any agreement, instrument or document executed or delivered
in connection therewith, or the collectability of any of the Obligations, (B)
the preference or priority ranking with respect to any of the Obligations, (C)
the existence, validity, enforceability or perfection of any security interest
or collateral security under any Loan Documents , or the release, exchange,
substitution or loss or impairment of any such security interest or collateral
security, (D) any failure, delay, neglect or omission by any Secured Party to
realize upon or protect any direct or indirect collateral security,
indebtedness, liability or obligation, any Loan Documents , or any agreement,
instrument or document executed or delivered in connection therewith, or any of
the Obligations, (E) the existence or exercise of any right of set-off by any
Secured Party, (F) the existence, validity or enforceability of any other
guaranty with respect to any of the Obligations, the liability of any other
person in respect of any of the Obligations, or the release of any such person
or any other guarantor of any of the Obligations, (G) any act or omission of any
Secured Party in connection with the administration of any Loan
Documents  or any of the Obligations, (H) the bankruptcy, insolvency,
reorganization or receivership of, or any other proceeding for the relief of
debtors commenced by or against, any person, (I) the disaffirmance or rejection,
or the purported disaffirmance or purported rejection, of any of the
Obligations, any Loan Documents , or any agreement, instrument or document
executed or delivered in connection therewith, in any bankruptcy, insolvency,
reorganization or receivership, or any other proceeding for the relief of
debtor, relating to any person, (J) any law, regulation or decree now or
hereafter in effect which might in any manner affect any of the terms or
provisions of any Loan Documents , or any agreement, instrument or document
executed or delivered in connection therewith or any of the Obligations, or
which might cause or permit to be invoked any alteration in the time, amount,
manner or payment or performance of any of the Company's obligations and
liabilities (including the Obligations), (K) the merger or consolidation of the
Company into or with any person, (L) the sale by the Company of all or any part
of its assets, (M) the fact that at any time and from time to time none of the
Obligations may be outstanding or owing to any Secured Party, (N) any amendment
or modification of, or supplement to, any Loan Documents , or (O) any other
reason or circumstance which might otherwise constitute a defense available to
or a discharge of the Company in respect of its obligations or liabilities
(including the Obligations) or of such Subsidiary Guarantor in respect of any of
the Obligations (other than by the performance in full
thereof).

    
      
         

      

      
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    4.      Release.  The
obligations, covenants, agreements and duties of the Subsidiary Guarantors
hereunder shall not be released, affected or impaired by any assignment or
transfer, in whole or in part, of the Loan Documents  or any
Obligation, although made without notice to or the consent of the Subsidiary
Guarantors, or any waiver by the Secured Party, or by any other person, of the
performance or observance by the Company or the Subsidiary Guarantors of any of
the agreements, covenants, terms or conditions contained in the Loan Documents ,
or any indulgence in or the extension of the time or renewal thereof, or the
modification or amendment (whether material or otherwise), or the voluntary or
involuntary liquidation, sale or other disposition of all or any portion of the
stock or assets of the Company or the Subsidiary Guarantors, or any
receivership, insolvency, bankruptcy, reorganization, or other similar
proceedings, affecting the Company or the Subsidiary Guarantors or any assets of
the Company or the Subsidiary Guarantors, or the release of any proper from any
security for any Obligation, or the impairment of any such property or security,
or the release or discharge of the Company or the Subsidiary Guarantors from the
performance or observance of any agreement, covenant, term or condition
contained in or arising out of the Loan Documents  by operation of
law, or the merger or consolidation of the Company, or any other cause, whether
similar or dissimilar to the foregoing.

     

    5.      Subrogation.

     

    (a)           Unless
and until complete performance of all the Obligations, the Subsidiary Guarantors
shall not be entitled to exercise any right of subrogation to any of the rights
of the Secured Party against the Company or any collateral security or guaranty
held by the Secured Party for the payment or performance of the Obligations, nor
shall the Subsidiary Guarantors seek any reimbursement from the Company in
respect of payments made by the Subsidiary Guarantors
hereunder.

    
      
         

      

      
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    (b)           In
the extent that the Subsidiary Guarantors shall become obligated to perform or
pay any sums hereunder, or in the event that for any reason the Company is now
or shall hereafter become indebted to the Subsidiary Guarantors, the amount of
such sum shall at all times be subordinate as to lien, time of payment and in
all other respects, to the amounts owing to the Secured Party under the Loan
Documents  and the Subsidiary Guarantors shall not enforce or receive
payment thereof until all Obligations due to the Secured Party under the
Transaction have been performed or paid.  Nothing herein contained is
intended or shall be construed to give to the Subsidiary Guarantors any right of
subrogation in or under the Loan Documents , or any right to participate in any
way therein, or in any right, title or interest in the assets of the Secured
Party.

     

    6.      Application of Proceeds;
Release.  The proceeds of any sale or enforcement of or against
all or any part of the cash or collateral at the time held by the Secured Party
hereunder, shall be applied by the Secured Party first to the payment of the
reasonable costs of any such sale or enforcement, then to the payment of the
principal amount or stated valued (as applicable) of, and interest or dividends
(as applicable) and any other payments due in respect of, the
Obligations.  The remainder, if any, shall be paid to the Subsidiary
Guarantors.  As used in this Subsidiary Guaranty, “proceeds” shall mean
cash, securities and other property realized in respect of the sale of any
collateral.

     

    7.      Representations and
Warranties.

     

    (a)           The
Subsidiary Guarantors hereby represent and warrant to the Secured Party
that:

     

    (i)           this
Subsidiary Guaranty constitutes a legal, valid and binding obligation of the
Subsidiary Guarantors, enforceable in accordance with its terms.

     

    (ii)           the
execution, delivery and performance of this Subsidiary Guaranty and other
instruments contemplated herein will not violate any provision of any order or
decree of any court or governmental instrumentality or of any mortgage,
indenture, contract or other agreement to which the Subsidiary Guarantors are a
party or by which the Subsidiary Guarantors may be bound, and will not result in
the creation or imposition of any lien, charge or encumbrance on, or security
interest in, any of the Subsidiary Guarantors’ properties pursuant to the
provisions of such mortgage, indenture, contract or other
agreement.

     

    (iii)           all
representations and warranties relating to it contained in the Purchase
Agreement are true and correct.

     

    (b)           The
Company represents and warrants to the Secured Party that it has no knowledge
that any of the representations or warranties of the Subsidiary Guarantors
herein are incorrect or false in any material respect.

     

    8.      No Waiver; No Election of
Remedies.  No failure on the part of the Secured Party to
exercise, and no delay in exercising, any right, power or remedy hereunder shall
operate as a waiver thereof; nor shall any single or partial exercise by the
Secured Party of any right, power or remedy preclude any other or further
exercise thereof or the exercise of any other right, power or
remedy.  The remedies herein provided are cumulative and are not
exclusive of any remedies provided by law.  In addition, the exercise
of any right or remedy of the Secured Party at law or equity or under this
Subsidiary Guaranty or any of the documents shall not be deemed to be an
election of Pledgee’s rights or remedies under such documents or at law or
equity.

    
      
         

      

      
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    9.      Termination.  This
Subsidiary Guaranty shall terminate on the date on which all Obligations have
been performed, satisfied, paid or discharged in full.

     

    10.    Further
Assurances.  The parties hereto agree that, from time to time
upon the written request of any party hereto, they will execute and deliver such
further documents and do such other acts and things as such party may reasonably
request in order fully to effect the purposes of this Subsidiary
Guaranty.

     

    11.    Miscellaneous.

     

    (a)           Payment of
Fees.  The Subsidiary Guarantors and the Company jointly and
severally agree to pay all costs including all reasonable attorneys’ fees and
disbursements incurred by the Secured Party in enforcing this Subsidiary
Guaranty in accordance with its terms.

     

    (b)           Modification.  This
Subsidiary Guaranty contains the entire understanding between the parties with
respect to the subject matter hereof and specifically incorporates all prior
oral and written agreements relating to the subject matter hereof.  No
portion or provision of this Subsidiary Guaranty may be changed, modified,
amended, waived, supplemented, discharged, canceled or terminated orally or by
any course of dealing, or in any manner other than by an agreement in writing,
signed by the party to be charged.

     

    (c)           Notice.  Any
and all notices or other communications or deliveries required or permitted to
be provided hereunder shall be in writing and shall be deemed given and
effective on the earliest of (i) the date of transmission, if such notice or
communication is delivered via facsimile at the facsimile telephone number
specified in this Section prior to 6:30 p.m. (New York City time) on a Business
Day (as defined in the Purchase Agreement), (ii) the Business Day after the date
of transmission, if such notice or communication is delivered via facsimile at
the facsimile telephone number specified in this Subsidiary Guaranty later than
6:30 p.m. (New York City time) on any date and earlier than 11:59 p.m. (New York
City time) on such date, (iii) the Business Day following the date of mailing,
if sent by nationally recognized overnight courier services, or (iv) upon actual
receipt by the party to whom such notice is required to be given.  The
address for such notices and communications shall be as follows:

    

    If to the
Company and the Subsidiary Guarantors:

    

    Map VI
Acquisition, Inc.

    401
Shippan Avenue

    Stamford,
CT 06902

    Attention:

    Facsimile:

    
      
         

      

      
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    With a
copy to:

    

    Sichenzia
Ross Friedman Ference LLP

    61
Broadway

    New York,
NY 10006

    Attention:
Richard Friedman, Esq.

    Facsimile:

    

    If to
Secured Party:

    

    RM
Enterprises International Ltd

    350 Fifth
Avenue, Suite 2204

    New York,
NY 10118

    Attention:
Steven Moskowitz

    Facsimile:

    

    With a
copy to:

    

    Louis A.
Brilleman, Esq.

    110
Broadway, 11th Floor

    New York,
NY 10005

    Facsimile:
212-943-2300

     

    (d)           Invalidity.  If
any part of this Subsidiary Guaranty is contrary to, prohibited by, or deemed
invalid under applicable laws or regulations, such provision shall be
inapplicable and deemed omitted to the extent so contrary, prohibited or
invalid, but the remainder hereof shall not be invalidated thereby and shall be
given effect so far as possible.

     

    (e)           Benefit of
Agreement.  This Subsidiary Guaranty shall be binding upon and
inure to the parties hereto and their respective successors and
assigns.

     

    (f)           Mutual
Agreement.  This Subsidiary Guaranty embodies the arm’s length
negotiation and mutual agreement between the parties hereto and shall not be
construed against either party as having been drafted by it.

     

    (g)           New York Law to
Govern.  This Subsidiary Guaranty shall be governed by and
construed and enforced in accordance with the internal laws of the State of New
York without regard to the principals of conflicts of law
thereof.  Each party hereby irrevocably submits to the exclusive
jurisdiction of the state and Federal courts sitting in the city of New York,
borough of Manhattan, for the adjudication of any dispute hereunder or in
connection herewith or with any transaction contemplated hereby or discussed
herein, and hereby irrevocably waives, and agrees not to assert in any suit,
action or proceeding, any claim that it is not personally subject to the
jurisdiction of any such court or that such suit, action or proceeding is
improper.  Each party hereby irrevocably waives personal service of
process and consents to process being served in any such suit, action or
proceeding by mailing a copy thereof to such party at the address in effect for
notices to it under this agreement and agrees that such service shall constitute
good and sufficient service of process and notice thereof.  Nothing
contained herein shall be deemed to limit in any way any right to serve process
in any manner permitted by law.

    
      
         

      

      
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    [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

    
      
         

      

      
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    IN
WITNESS WHEREOF, the parties hereto have caused this Guaranty and Pledge
Agreement to be duly executed by their respective authorized persons as of the
date first indicated above.

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                  COMPANY

                                
	 
      
	
                                  MAP
      VI ACQUISITION, INC.

                                
	 
      	 
      
	
                                  By:

                                	 
      
	 
      	 
      
	
                                  SUBSIDIARY
      GUARANTORS:

                                
	 
      
	
                                  LIFESTYLE
      TALKRADIO NETWORK, INC.

                                
	 
      
	
                                  By:

                                	 
      
	
                                  Michael
      Metter

                                
	 
      	 
      
	
                                  GREENWICH
      BROADCASTING 

                                  CORPORATION

                                
	 
      
	
                                  By:

                                	 
      
	
                                  Michael
      Metter

                                
	 
      	 
      
	
                                  BTR
      WEST II, INC.

                                
	 
      	 
      
	
                                  By:

                                	 
      
	
                                  Michael
      Metter

                                
	 
      	 
      
	
                                  WURP
      EAST, INC.

                                
	 
      	 
      
	
                                  By:

                                	 
      
	
                                  Michael
      Metter

                                
	 
      	 
      
	
                                  BTR
      COMMUNICATIONS BOSTON II, INC.

                                
	 
      	 
      
	
                                  By:

                                	 
      
	
                                  Michael
      Metter

                                
	 
      
	
                                  SECURED
      PARTY:

                                
	 
      
	
                                  RM
      ENTERPRISES INTERNATIONAL LTD.

                                
	 
      
	
                                  By:  

                                	 
      

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        820-F

Exhibit 4.13  

	
  

 	
  

 
	
 

 	Advised Line of Credit Note

 
	
  

 	
  

 
	
  

 	
 $5,000,000.00

 
	
  

 	
 Date: May 8,
 2009 

 

Promise to Pay. On
or before September 30, 2009, for value received, BOS-Supply Chain Solutions
(Summit), Inc. (the “Borrower”) promises to pay to JPMorgan Chase Bank, N.A.,
whose address is 695 Route 46, 1st Floor, Fairfield, NJ 07004 (the “Bank”) or
order, in lawful money of the United States of America, the sum of Five Million
and 00/100 Dollars ($5,000,000.00) or so
much thereof as may be advanced and outstanding, plus interest on the
unpaid principal balance as provided below.

Interest Rate Definitions.
As used in this Note, the following terms have the following respective
meanings:

“Adjusted LIBOR Rate”
means, with respect to a LIBOR Rate Advance for the relevant Interest Period,
the sum of (i) the Applicable Margin plus (ii) the quotient of (a) the LIBOR
Rate applicable to such Interest Period, divided by (b) one minus the Reserve
Requirement (expressed as a decimal) applicable to such Interest Period.

“Adjusted One Month LIBOR Rate” means, with
respect to a CB Floating Rate Advance for any day, the sum of (i) 2.50% per
annum plus (ii) the quotient of (a) the interest rate determined by the Bank by
reference to the Page to be the rate at approximately 11:00 a.m. London time,
on such date or, if such date is not a Business Day, on the immediately
preceding Business Day for dollar deposits with a maturity equal to one (1)
month, divided by (b) one minus the Reserve Requirement (expressed as a
decimal) applicable to dollar deposits in the London interbank market with a
maturity equal to one (1) month.

 “Advance” means a
LIBOR Rate Advance or a CB Floating Rate Advance and “Advances” means all LIBOR Rate Advances and all CB Floating
Rate Advances under this Note.

 “Applicable Margin”
means with respect to any CB Floating Rate Advance, 0.00% per annum and with
respect to any LIBOR Rate Advance, 2.50% per annum.

 “Business Day” means
(i) with respect to the Adjusted One Month LIBOR Rate and any borrowing,
payment or rate selection of LIBOR Rate Advances, a day (other than a Saturday
or Sunday) on which banks generally are open in New Jersey and/or New York for
the conduct of substantially all of their commercial lending activities and on
which dealings in United States dollars are carried on in the London interbank
market and (ii) for all other purposes, a day other than a Saturday, Sunday or
any other day on which national banking associations are authorized to be
closed.

“CB Floating Rate” means the Prime Rate; provided that the CB Floating Rate shall,
on any day, not be less than the Adjusted One Month LIBOR Rate. The CB Floating Rate is a variable rate and
any change in the CB Floating Rate due to any change in the Prime Rate or the
Adjusted One Month LIBOR Rate is effective from and including the effective
date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate,
respectively.

“CB Floating Rate Advance” means any
borrowing under this Note when and to the extent that its interest rate is
determined by reference to the CB Floating Rate.

 “Interest Period”
means, with respect to a LIBOR Rate Advance, a period of one (1), two (2) or
three (3) month(s) commencing on a Business Day selected by the Borrower
pursuant to this Note. Such Interest Period shall end on the day which corresponds
numerically to such date one (1), two (2) or three (3) month(s) thereafter, as
applicable, provided, however,
that if there is no such numerically corresponding day in such first, second or
third succeeding month(s), as applicable, such Interest Period shall end on the
last Business Day of such first, second or third succeeding month(s), as
applicable. If an Interest Period would otherwise end on a day which is not a
Business Day, such Interest Period shall end on the next succeeding Business
Day, provided, however, that if
said next succeeding Business Day falls in a new calendar month, such Interest
Period shall end on the immediately preceding Business Day.

 “LIBOR Rate” means
with respect to any LIBOR Rate Advance for any Interest Period, the interest
rate determined by the Bank by reference to Reuters Screen LIBOR01, formerly
known as Page 3750 of the Moneyline Telerate Service (together with any
successor or substitute, the “Service”)
or any successor or substitute page of the Service, providing rate quotations
comparable to those currently provided on such page of the Service, as
determined by the Bank from time to time for purposes of providing quotations
of interest rates applicable to dollar deposits in the London interbank market)
(the “Page”) to be the rate at
approximately 11:00 a.m. London time, two Business Days prior to the
commencement of the Interest Period for dollar deposits with a maturity equal
to such Interest Period. If no LIBOR Rate is available to the Bank, the
applicable LIBOR Rate for the relevant Interest Period shall instead be the
rate determined by the Bank to be the rate at which the Bank offers to place
U.S. dollar deposits having a maturity equal to such Interest Period with
first-class banks in the London interbank market at approximately 11:00 a.m.
(London time) two Business Days prior to the first day of such Interest Period.

 “LIBOR Rate Advance”
means any borrowing under this Note when and to the extent that its interest
rate is determined by reference to the Adjusted LIBOR Rate.

 “Prime Rate” means
the rate of interest per annum announced from time to time by the Bank as its
prime rate. The Prime Rate is a variable rate and each change in the Prime Rate
is effective from and including the date the change is announced as being
effective. THE PRIME RATE IS A REFERENCE RATE AND MAY NOT BE THE BANK’S LOWEST
RATE.

 “Principal Payment Date” is
defined in the paragraph entitled “Principal Payments” below.

 “Regulation D” means
Regulation D of the Board of Governors of the Federal Reserve System as from
time to time in effect and any successor thereto or other regulation or
official interpretation of said Board of Governors relating to reserve
requirements applicable to member banks of the Federal Reserve System.

 “Reserve Requirement”
means the maximum aggregate reserve requirement (including all basic,
supplemental, marginal and other reserves) which is imposed under Regulation D.

Interest Rates. The
Advance(s) evidenced by this Note may be drawn down and remain outstanding as up
to five (5) LIBOR Rate Advances and/or a CB Floating Rate Advance. The Borrower
shall pay interest to the Bank on the outstanding and unpaid principal amount
of each CB Floating Rate Advance at the CB Floating Rate plus the Applicable
Margin and each LIBOR Rate Advance at the Adjusted LIBOR Rate. Interest shall
be calculated on the basis of the actual number of days elapsed in a year of
360 days. In no event shall the interest rate applicable to any Advance exceed
the maximum rate allowed by law. Any interest payment which would for any
reason be deemed unlawful under applicable law shall be applied to principal.

Bank Records. The
Bank shall, in the ordinary course of business, make notations in its records
of the date, amount, interest rate and Interest Period of each Advance
hereunder, the amount of each payment on the Advances, and other information.
Such records shall, in the absence of manifest error, be conclusive as to the
outstanding principal balance of and interest rate or rates applicable to this
Note.

Notice and Manner of Electing Interest Rates
on Advances. The Borrower shall give the Bank written
notice (effective upon receipt) of the Borrower’s intent to draw down an
Advance under this Note no later than 2:00 p.m. Eastern time, on the date of
disbursement, if the full amount of the drawn Advance is to be disbursed as a
CB Floating Rate Advance and no later than 11:00 a.m. Eastern time three (3)
Business Days before disbursement, if any part of such Advance is to be
disbursed as a LIBOR Rate Advance. The Borrower’s notice must specify: (a) the
disbursement date, (b) the amount of each Advance, (c) the type of each Advance
(CB Floating Rate Advance or LIBOR Rate Advance), and (d) for each LIBOR Rate
Advance, the duration of the applicable Interest Period; provided, however,
that the Borrower may not elect an Interest Period ending after the maturity
date of this Note. Each LIBOR Rate Advance shall be in a minimum amount
of Five Hundred Thousand and 00/100 Dollars ($500,000.00). All notices under this
paragraph are irrevocable. By the Bank’s close of business on the disbursement
date and upon fulfillment of the conditions set forth herein and in any other
of the Related Documents, the Bank shall disburse the requested Advances in
immediately available funds by crediting the amount of such Advances to the
Borrower’s account with the Bank.

Conversion and Renewals.
The Borrower may elect from time to time to convert one type of Advance into
another or to renew any Advance by giving the Bank written notice no later than
2:00 p.m. Eastern time, on the date of the conversion into or renewal of a CB
Floating Rate Advance and 11:00 a.m. Eastern time three (3) Business Days
before conversion into or renewal of a LIBOR Rate Advance, specifying: (a) the
renewal or conversion date, (b) the amount of the Advance to be converted or
renewed, (c) in the case of conversion, the type of Advance to be converted
into (CB Floating Rate Advance or LIBOR Rate Advance), and (d) in the case of
renewals of or conversion into a LIBOR Rate Advance, the applicable Interest
Period, provided that (i) the minimum principal amount of each LIBOR Rate
Advance outstanding after a renewal or conversion shall be Five Hundred
Thousand and 00/100 Dollars ($500,000.00); (ii) a LIBOR Rate Advance can only
be converted on the last day of the Interest Period for the Advance; and (iii) the Borrower may not elect an Interest
Period ending after the maturity date of this Note. All notices given
under this paragraph are irrevocable. If the Borrower fails to give the Bank
the notice specified above for the renewal or conversion of a LIBOR Rate
Advance by 11:00 a.m. Eastern time three (3) Business Days before the end of
the Interest Period for that Advance, the Advance shall automatically be
converted to a CB Floating Rate Advance on the last day of the Interest Period
for the Advance.

2

Interest Payments.
Interest on the Advances shall be paid as follows:

A.          For
each CB Floating Rate Advance, on the first day of each month beginning with
the first month following disbursement of the Advance or following conversion
of an Advance into a CB Floating Rate Advance, and at the maturity or
conversion of the Advance into a LIBOR Rate Advance;

B.          For
each LIBOR Rate Advance, on the last day of the Interest Period for the Advance
and, if the Interest Period is longer than three months, at three-month
intervals beginning with the day three months from the date the Advance is
disbursed.

Principal Payments.
All outstanding principal and interest is due and payable in full on September
30, 2009, which is defined herein as the “Principal Payment Date”.

Default Rate of
Interest. After a
default has occurred under this Note, whether or not the Bank elects to
accelerate the maturity of this Note because of such default, all Advances
outstanding under this Note, shall bear interest at a per annum rate equal to
the interest rate being charged on each such Advance plus three percent (3.00%)
from the date the Bank elects to impose such rate. Imposition of this rate
shall not affect any limitations contained in this Note on the Borrower’s right
to repay principal on any LIBOR Rate Advance before the expiration of the Interest Period for each such Advance.

Prepayment/Funding Loss Indemnification.
The Borrower may prepay all or any part of any CB Floating Rate Advance at any
time without premium or penalty.

The Borrower
shall pay the Bank amounts sufficient (in the Bank’s reasonable opinion) to
compensate the Bank for any loss, cost, or expense incurred as a result of:

A.          Any
payment of a LIBOR Rate Advance on a date other than the last day of the
Interest Period for the Advance, including, without limitation, acceleration of
the Advances by the Bank pursuant to this Note or the other Related Documents;
or

B.          Any
failure by the Borrower to borrow or renew a LIBOR Rate Advance on the date
specified in the relevant notice from the Borrower to the Bank.

Additional Costs. If
any applicable domestic or foreign law, treaty, government rule or regulation now
or later in effect (whether or not it now applies to the Bank) or the
interpretation or administration thereof by a governmental authority charged
with such interpretation or administration, or compliance by the Bank with any
guideline, request or directive of such an authority (whether or not having the
force of law), shall (a) affect the basis of taxation of payments to the Bank
of any amounts payable by the Borrower under this Note or the other Related
Documents (other than taxes imposed on the overall net income of the Bank by
the jurisdiction or by any political subdivision or taxing authority of the
jurisdiction in which the Bank has its principal office), or (b) impose, modify
or deem applicable any reserve, special deposit or similar requirement (including,
without limitation, Federal Deposit Insurance Corporation deposit insurance
premiums or assessments) against assets of, deposits with or for the account
of, or credit extended by the Bank, or (c) impose any other condition with
respect to this Note or the other Related Documents and the result of any of
the foregoing is to increase the cost to the Bank of extending, maintaining or
funding any LIBOR Rate Advance or to reduce the amount of any sum receivable by
the Bank on any Advance, or (d) affect the amount of capital required or
expected to be maintained by the Bank (or any corporation controlling the Bank)
and the Bank determines that the amount of such capital is increased by or
based upon the existence of the Bank’s obligations under this Note or the other
Related Documents and the increase has the effect of reducing the rate of
return on the Bank’s (or its controlling corporation’s) capital as a
consequence of the obligations under this Note or the other Related Documents
to a level below that which the Bank (or its controlling corporation) could
have achieved but for such circumstances (taking into consideration its
policies with respect to capital adequacy) by an amount deemed by the Bank to
be material, then the Borrower shall pay to the Bank, from time to time, upon
request by the Bank, additional amounts sufficient to compensate the Bank for
the increased cost or reduced sum receivable. Whenever the Bank shall learn of
circumstances described in this section which are likely to result in additional
costs to the Borrower, the Bank shall give prompt written notice to the
Borrower of the basis for and the estimated amount of any such anticipated
additional costs. A statement as to the amount of the increased cost or reduced
sum receivable, prepared in good faith and in reasonable detail by the Bank and
submitted by the Bank to the Borrower, shall be conclusive and binding for all
purposes absent manifest error in computation.

Illegality. If any
applicable domestic or foreign law, treaty, rule or regulation now or later in
effect (whether or not it now applies to the Bank) or the interpretation or
administration thereof by a governmental authority charged with such
interpretation or administration, or compliance by the Bank with any guideline,
request or directive of such an authority (whether or not having the force of
law), shall make it unlawful or impossible for the Bank to maintain or fund the
LIBOR Rate Advances, then, upon notice to the Borrower by the Bank, the
outstanding principal amount of the LIBOR Rate Advances, together with accrued
interest and any other amounts payable to the Bank under this Note or the other
Related Documents on account of the LIBOR Rate Advances shall be repaid (a)
immediately upon the Bank’s demand if such change or compliance with such
requests, in the Bank’s judgment, requires immediate repayment, or (b) at the
expiration of the last Interest Period to expire before the effective date of
any such change or request provided, however, that subject to the terms and
conditions of this Note and the other Related Documents the Borrower shall be
entitled to simultaneously replace the entire outstanding balance of any LIBOR
Rate Advance repaid in accordance with this section with a CB Floating Rate
Advance in the same amount.

3

Inability to Determine Interest Rate.
If the Bank determines that (a) quotations of interest rates for the relevant
deposits referred to in the definition of Adjusted LIBOR Rate are not being
provided for purposes of determining the interest rate on a LIBOR Rate Advance
as provided in this Note, or (b) the relevant interest rates referred to in the
definition of Adjusted LIBOR Rate do not accurately cover the cost to the Bank
of making, funding or maintaining LIBOR Rate Advances, then the Bank shall at
the Bank’s option, give notice of such circumstances to the Borrower, whereupon
(i) the obligation of the Bank to make LIBOR Rate Advances shall be suspended
until the Bank notifies the Borrower that the circumstances giving rise to the
suspension no longer exists, and (ii) the Borrower shall repay in full the then
outstanding principal amount of each LIBOR Rate Advance, together with accrued
interest, on the last day of the then current Interest Period applicable to the
LIBOR Rate Advance, provided, however, that, subject to the terms and
conditions of this Note and the other Related Documents, the Borrower shall be
entitled to simultaneously replace the entire outstanding balance of any LIBOR
Rate Advance repaid in accordance with this section with an Advance bearing
interest at the CB Floating Rate plus the Applicable Margin for CB Floating
Rate Advances in the same amount. If the Bank determines on any day that
quotations of interest rates for the relevant deposits referred to in the
definition of Adjusted One Month LIBOR Rate are not being provided for purposes
of determining the interest rate on any CB Floating Rate Advance on any day,
then each CB Floating Rate Advance shall bear interest at the Prime Rate plus
the Applicable Margin for CB Floating Rate Advances until the Bank determines
that quotations of interest rates for the relevant deposits referred to in the
definition of Adjusted One Month LIBOR Rate are being provided.

Obligations Due on Non-Business Day.
Whenever any payment under this Note becomes due and payable on a day that is
not a Business Day, if no default then exists under this Note, the maturity of
the payment shall be extended to the next succeeding Business Day, except, in
the case of a LIBOR Rate Advance, if the result of the extension would be to
extend the payment into another calendar month, the payment must be made on the
immediately preceding Business Day.

Matters Regarding Payment.
The Borrower will pay the Bank at the Bank’s address shown above or at such
other place as the Bank may designate. Payments shall be allocated among
principal, interest and fees at the discretion of the Bank unless otherwise
agreed or required by applicable law. Acceptance by the Bank of any payment
which is less than the payment due at the time shall not constitute a waiver of
the Bank’s right to receive payment in full at that time or any other time.

Authorization for Direct Payments (ACH
Debits). To effectuate any payment due under this Note
or under any other Related Documents, the Borrower hereby authorizes the Bank
to initiate debit entries to Account Number 117008443 at the Bank and to debit
the same to such account. This authorization to initiate debit entries shall
remain in full force and effect until the Bank has received written notification
of its termination in such time and in such manner as to afford the Bank a
reasonable opportunity to act on it. The Borrower represents that the Borrower
is and will be the owner of all funds in such account. The Borrower
acknowledges: (1) that such debit entries may cause an overdraft of such
account which may result in the Bank’s refusal to honor items drawn on such
account until adequate deposits are made to such account; (2) that the Bank is
under no duty or obligation to initiate any debit entry for any purpose; and
(3) that if a debit is not made because the above-referenced account does not
have a sufficient available balance, or otherwise, the payment may be late or
past due.

Late Fee. Any principal or interest which is not
paid within 10 days after its due date (whether as stated, by acceleration or
otherwise) shall be subject to a late payment charge of five percent (5.00%) of
the total payment due, in addition to the payment of interest, up to the
maximum amount of One Thousand Five Hundred and 00/100 Dollars ($1,500.00) per
late charge. The Borrower agrees to pay and stipulates that five percent
(5.00%) of the total payment due is a reasonable amount for a late payment
charge. The Borrower shall pay the
late payment charge upon demand by the Bank or, if billed, within the time
specified.

Purpose of Loan. The
Borrower acknowledges and agrees that this Note evidences a loan for a
business, commercial, agricultural or similar commercial enterprise purpose,
and that no advance shall be used for any personal, family or household
purpose. The proceeds of the loan shall be used only for the Borrower’s general
corporate purposes.

Uncommitted Line of Credit.
Uncommitted Line of Credit. The Bank has approved an uncommitted line of credit to
the Borrower in a principal amount not to exceed the lesser of (i) the
Borrowing Base; and (ii) $5,000,000.00. The line of credit is in the form of
advances made from time to time by the Bank in its sole and absolute discretion
to the Borrower. This Note evidences the Borrower’s obligation to repay those
advances. Bank may refuse to make any loan at any time notwithstanding that no
event of default has occurred or exists or that Bank has made loans hereunder
under similar circumstances. Bank may, for any reason or no reason at all,
refuse to make any loan under this Note. The execution and delivery of this
Note and the acceptance by the Bank of this Note shall not be deemed or
construed to create any contractual commitment to lend by the Bank to the
Borrower. The Borrower has executed and delivered this Note to
provide for the terms that must be met before Bank will consider making an
advance to Borrower and for ease of administering advances that Bank may in its
sole discretion make to Borrower. The aggregate outstanding principal amount of
debt evidenced by this Note is the amount so reflected from time to time in the
records of the Bank.

4

General Definitions. As
used in this Note, the following terms have the following respective meanings:

	
  

 	
  

 
	
 1.

 	
 “Affiliate” means any Person which,
 directly or indirectly, Controls or is Controlled by or under common Control
 with, another Person, and any director or officer thereof. The Bank is under
 no circumstances to be deemed an Affiliate of the Borrower or any of its
 Subsidiaries.

 
	
  

 	
  

 
	
 2.

 	
 “Borrowing Base” means the amount stated
 as the net available amount on the most recent Borrowing Base Certificate
 submitted by Borrower to Bank, subject to verification by the Bank and
 determination by the Bank at any time and calculated using the eligibility
 criteria, borrowing base factors, dollar ceilings for various components and
 any deductions specified in the Borrowing Base Certificate. The Bank may in
 its sole discretion decline to make an advance when requested even if net
 availability under the Borrowing Base then exists.

 
	
  

 	
  

 
	
 3.

 	
 “Borrowing Base Certificate” means the
 report periodically submitted by the Borrower to the Bank in form acceptable
 to the Bank.

 
	
  

 	
  

 
	
 4.

 	
 “Collateral” means all Property, now or in
 the future subject to any Lien in favor of the Bank, securing or intending to
 secure, any of the Liabilities.

 
	
  

 	
  

 
	
 5.

 	
 “Control” as used with respect to any
 Person, means the power to direct or cause the direction of, the management
 and policies of that Person, directly or indirectly, whether through the
 ownership of Equity Interests, by contract, or otherwise. “Controlling” and
 “Controlled” have meanings correlative thereto.

 
	
  

 	
  

 
	
 6.

 	
 “Equity Interests” means shares of capital
 stock, partnership interests, membership interests in a limited liability
 company, beneficial interests in a trust or other equity ownership interests
 in a Person, and any warrants, options or other rights entitling the holder
 thereof to purchase or acquire any such equity interest. 

 
	
  

 	
  

 
	
 7.

 	
 “GAAP” means generally accepted accounting
 principles in effect from time to time in the United States of America,
 consistently applied. 

 
	
  

 	
  

 
	
 8.

 	
 “Liabilities” means all debts,
 obligations, and liabilities of every
 kind and character of the Borrower, whether individual, joint and several,
 contingent or otherwise, now or hereafter existing in favor of the Bank, including
 without limitation, all liabilities, interest, costs and fees, arising under
 or from any note, open account, overdraft, credit card, lease, Rate
 Management Transaction, letter of credit application, endorsement, surety
 agreement, guaranty, acceptance, foreign exchange contract or depository
 service contract, whether payable to the Bank or to a third party and
 subsequently acquired by the Bank, any monetary obligations (including
 interest) incurred or accrued during the pendency of any bankruptcy,
 insolvency, receivership or other similar proceedings, regardless of whether
 allowed or allowable in such proceeding, and all renewals, extensions,
 modifications, consolidations, rearrangements, restatements, replacements or
 substitutions of any of the foregoing. 

 
	
  

 	
  

 
	
 9.

 	
 “Lien” means any mortgage, deed of trust,
 pledge, charge, encumbrance, security interest, collateral assignment or
 other lien or restriction of any kind.

 
	
  

 	
  

 
	
 10.

 	
 “Obligor” means any Borrower, guarantor,
 surety, co-signer, endorser, general partner or other Person who may now or
 in the future be obligated to pay any of the Liabilities. 

 
	
  

 	
  

 
	
 11.

 	
 “Person” means any individual,
 corporation, partnership, limited liability company, joint venture, joint
 stock association, association, bank, business trust, trust, unincorporated
 organization, any foreign governmental authority, the United States of
 America, any state of the United States and any political subdivision of any
 of the foregoing or any other form of entity.

 
	
  

 	
  

 
	
 12.

 	
 “Pledgor” means any Person providing
 Collateral.

 
	
  

 	
  

 
	
 13.

 	
 “Property” means any interest in any kind
 of property or asset, whether real, personal or mixed, tangible or
 intangible.

 
	
  

 	
  

 
	
 14.

 	
 “Rate Management Transaction”
 means any transaction (including an agreement with respect thereto) that is a
 rate swap, basis swap, forward rate transaction, commodity swap, commodity
 option, equity or equity index swap, equity or equity index option, bond
 option, interest rate option, foreign exchange transaction, cap transaction,
 floor transaction, collar transaction, forward transaction, currency swap
 transaction, cross-currency rate swap transaction, currency option,
 derivative transaction or any other similar transaction (including any option
 with respect to any of these transactions) or any combination thereof,
 whether linked to one or more interest rates, foreign currencies, commodity
 prices, equity prices or other financial measures.

5

	
  

 	
  

 
	
 15.

 	
 “Related Documents” means this Note, all
 loan agreements, credit agreements, reimbursement agreements, security
 agreements, mortgages, deeds of trust, pledge agreements, assignments,
 guaranties, and any other instrument or document executed in connection with
 this Note or in connection with any of the Liabilities.

 
	
  

 	
  

 
	
 16.

 	
 “Subsidiary” means, as to any particular
 Person (the “parent”), a Person the accounts of which would be consolidated
 with those of the parent in the parent’s consolidated financial statements if
 such financial statements were prepared in accordance with GAAP as of the
 date of determination, as well as any other Person of which fifty percent
 (50%) or more of the Equity Interests is at the time of determination
 directly or indirectly owned, Controlled or held, by the parent or by any
 Person or Persons Controlled by the parent, either alone or together with the
 parent.

 

Financial Reports.
Furnish to the Bank whatever information, statements, books and records the
Bank may from time to time reasonably request, including at a minimum:

A.     Within
forty-five (45) days after each quarterly period, the consolidated financial
statements of the Borrower and its Subsidiaries prepared and presented in
accordance with GAAP, including a balance sheet as of the end of that period, and
income statement for that period, and, if requested at any time by the Bank,
statements of cash flow and retained earnings for that period, all certified as
correct by one of its authorized agents.

B.     Within one
hundred and twenty (120) days after and as of the end of each of its fiscal
years, the consolidated financial statements of the Borrower and its Subsidiaries
prepared and presented in accordance with GAAP, including a balance sheet and
statements of income, cash flow and retained earnings, such financial
statements to be audited by an independent certified public accountant of
recognized standing satisfactory to the Bank.

C.     Within
thirty (30) days after and as of the end of each calendar month, the following
lists, each certified as correct by one of its authorized agents:

(1)     a
list of Accounts, aged from date of invoice, and
(2)     a
list of Inventory, valued at the lower of cost (determined using the first-in,
first-out method of inventory accounting) or wholesale market value.

D.     Within one
hundred and twenty (120) days after and as of the end of each fiscal year of
BOS – Supply Chain Solutions (Lynk) Inc., the consolidated financial statements
of BOS – Supply Chain Solutions (Lynk) Inc. and its Subsidiaries prepared and
presented in accordance with GAAP, including a balance sheet and statements of
income, cash flow and retained earnings, such financial statements to be
audited by an independent certified
public accountant of recognized standing satisfactory to the Bank.

E.     A Borrowing
Base Certificate, along with such supporting documentation as the Bank may
request, at the following times: (A)
within thirty (30) days after and as of the end of each calendar month in which
there was an outstanding advance of principal under this Note on the last day
of such month, and (B) if no Borrowing Base Certificate has been provided or is
otherwise due as of the end of the immediately preceding month, with any
request for an advance under this uncommitted advised line of credit.

Bank’s Right of Setoff.
The Borrower grants to the Bank a security interest in the Deposits, and the
Bank is authorized to setoff and apply, all Deposits, Securities and Other
Property, and Bank Debt against any and all Liabilities. This right of setoff
may be exercised at any time and from time to time after the occurrence of any
default, without prior notice to or demand on the Borrower and regardless of
whether any Liabilities are contingent, unmatured or unliquidated. In this
paragraph: (a) the term “Deposits” means any and all accounts and deposits of
the Borrower (whether general, special, time, demand, provisional or final) at
any time held by the Bank (including all Deposits held jointly with another,
but excluding any IRA or Keogh Deposits, or any trust Deposits in which a
security interest would be prohibited by law); (b) the term “Securities and
Other Property” means any and all securities and other personal property of the
Borrower in the custody, possession or control of the Bank, JPMorgan Chase &
Co. or their respective Subsidiaries and Affiliates (other than Property held
by the Bank in a fiduciary capacity); and (c) the term “Bank Debt” means all
indebtedness at any time owing by the Bank, to or for the credit or account of
the Borrower and any claim of the Borrower (whether individual, joint and
several or otherwise) against the Bank now or hereafter existing.

6

Representations by Borrower.
The Borrower represents and warrants that each of the following is and will
remain true and correct until the later of maturity or the date on which all
Liabilities evidenced by this Note are paid in full: (a) the execution and
delivery of this Note and the performance of the obligations it imposes do not
violate any law, conflict with any agreement by which it is bound, or require
the consent or approval of any other Person; (b) this Note is a valid and
binding agreement of the Borrower, enforceable according to its terms, except
as may be limited by bankruptcy, insolvency or other laws affecting the
enforcement of creditor’s rights generally and by general principles of equity;
(c) all balance sheets, profit and loss statements, other financial statements
and applications for credit furnished to the Bank in connection with the
Liabilities are accurate and fairly reflect the financial condition of the
Persons to which they apply on their effective dates, including contingent
liabilities of every type, which financial condition has not materially and
adversely changed since those dates; and, if the Borrower is not a natural
Person: (i) it is duly organized, validly existing and in good standing under
the laws of the state where it is organized and in good standing in each state
where it is doing business; and (ii) the execution and delivery of this Note
and the performance of the obligations it imposes (A) are within its powers and
have been duly authorized by all necessary action of its governing body, and
(B) do not contravene the terms of its articles of incorporation or
organization, its by-laws, regulations or any partnership, operating or other
agreement governing its organization and affairs.

Events of Default/Acceleration.
If any of the following events occurs, this Note shall become due immediately,
without notice, at the Bank’s option:

	
  

 	
  

 
	
 1.

 	
 Any Obligor
 fails to pay when due any of the Liabilities or any other debt to any Person,
 or any amount payable with respect to any of the Liabilities, or under this
 Note, any other Related Document, or any agreement or instrument evidencing
 other debt to any Person.

 
	
 2.

 	
 Any Obligor
 or any Pledgor: (a) fails to observe or perform or otherwise violates any
 other term, covenant, condition or agreement of any of the Related Documents;
 (b) makes any materially incorrect or misleading representation, warranty, or
 certificate to the Bank; (c) makes any materially incorrect or misleading
 representation in any financial statement or other information delivered to
 the Bank; or (d) defaults under the terms of any agreement or instrument
 relating to any debt for borrowed money (other than the debt evidenced by the
 Related Documents) and the effect of such default will allow the creditor to
 declare the debt due before its stated maturity.

 
	
 3.

 	
 In the event
 (a) there is a default under the terms of any Related Document, (b) any
 Obligor terminates or revokes or purports to terminate or revoke its guaranty
 or any Obligor’s guaranty becomes unenforceable in whole or in part, (c) any
 Obligor fails to perform promptly under its guaranty, or (d) any Obligor
 fails to comply with, or perform under any agreement, now or hereafter in
 effect, between the Obligor and the Bank,
 or any Affiliate of the Bank or their respective successors and assigns.

 
	
 4.

 	
 There is any
 loss, theft, damage, or destruction of any Collateral not covered by
 insurance.

 
	
 5.

 	
 Any event
 occurs that would permit the Pension Benefit Guaranty Corporation to
 terminate any employee benefit plan of any Obligor or any Subsidiary of any
 Obligor.

 
	
 6.

 	
 Any Obligor
 or any of its Subsidiaries or any Pledgor: (a) becomes insolvent or unable to
 pay its debts as they become due; (b) makes an assignment for the benefit of
 creditors; (c) consents to the appointment of a custodian, receiver, or
 trustee for itself or for a substantial part of its Property; (d) commences
 any proceeding under any bankruptcy, reorganization, liquidation, insolvency
 or similar laws; (e) conceals or removes any of its Property, with intent to
 hinder, delay or defraud any of its creditors; (f) makes or permits a
 transfer of any of its Property, which may be fraudulent under any
 bankruptcy, fraudulent conveyance or similar law; or (g) makes a transfer of
 any of its Property to or for the benefit of a creditor at a time when other
 creditors similarly situated have not been paid.

 
	
 7.

 	
 A custodian,
 receiver, or trustee is appointed for any Obligor or any of its Subsidiaries
 or any Pledgor or for a substantial part of their respective Property.

 
	
 8.

 	
 Any Obligor
 or any of its Subsidiaries, without the Bank’s written consent: (a)
 liquidates or is dissolved; (b) merges or consolidates with any other Person;
 (c) leases, sells or otherwise conveys a material part of its assets or
 business outside the ordinary course of its business; (d) leases, purchases,
 or otherwise acquires a material part of the assets of any other Person,
 except in the ordinary course of its business; or (e) agrees to do any of the
 foregoing; provided, however, that any Subsidiary of an Obligor may merge or
 consolidate with any other Subsidiary of that Obligor, or with the Obligor,
 so long as the Obligor is the survivor.

 
	
 9.

 	
 Proceedings
 are commenced under any bankruptcy, reorganization, liquidation, or similar
 laws against any Obligor or any of its Subsidiaries or any Pledgor and remain
 undismissed for thirty (30) days after commencement; or any Obligor or any of
 its Subsidiaries or any Pledgor consents to the commencement of those
 proceedings.

 
	
 10.

 	
 Any judgment
 is entered against any Obligor or any of its Subsidiaries, or any attachment,
 seizure, sequestration, levy, or garnishment is issued against any Property
 of any Obligor or any of its Subsidiaries or of any Pledgor or any
 Collateral.

 
	
 11.

 	
 Any
 individual Obligor or Pledgor dies, or a guardian or conservator is appointed
 for any individual Obligor or Pledgor or all or any portion of their
 respective Property, or the Collateral.

 
	
 12.

 	
 Any material
 adverse change occurs in: (a) the reputation, Property, financial condition,
 business, assets, affairs, prospects, liabilities, or operations of any
 Obligor or any of its Subsidiaries; (b) any Obligor’s or Pledgor’s ability to
 perform its obligations under the Related Documents; or (c) the Collateral. 

 

7

Remedies. If this
Note is not paid at maturity, whether by acceleration or otherwise, the Bank
shall have all of the rights and remedies provided by any law or agreement, in
equity or otherwise. The Bank is authorized to cause all or any part of the
Collateral to be transferred to or registered in its name or in the name of any
other Person, with or without designating the capacity of that nominee. Without
limiting any other available remedy, the Borrower is liable for any deficiency
remaining after disposition of any Collateral. The Borrower is liable to the
Bank for all reasonable costs and expenses of every kind incurred (or charged
by internal allocation) in connection with the negotiation, preparation,
execution, filing, recording, modification, supplementing and waiver of this
Note or the other Related Documents and the making, servicing and collection of
this Note or the other Related Documents and any other amounts owed under this
Note or the other Related Documents, including without limitation reasonable
attorneys’ fees and court costs. These costs and expenses include without
limitation any costs or expenses incurred by the Bank in any bankruptcy,
reorganization, insolvency or other similar proceeding.

Waivers. Each
Obligor waives: (a) to the extent not prohibited by law, all rights and
benefits under any laws or statutes regarding sureties, as may be amended; (b)
any right to receive notice of the following matters before the Bank enforces
any of its rights: (i) the Bank’s acceptance of this Note, (ii) any credit that
the Bank extends to the Borrower, (iii) the Borrower’s default, (iv) any
demand, diligence, presentment, dishonor and protest, or (v) any action that the
Bank takes regarding the Borrower, anyone else, any Collateral, or any of the
Liabilities, that it might be entitled to by law, under any other agreement, in
equity or otherwise; (c) any right to require the Bank to proceed against the
Borrower, any other Obligor, or any Collateral, or pursue any remedy in the
Bank’s power to pursue; (d) any defense based on any claim that any endorser’s
or other Obligor’s obligations exceed or are more burdensome than those of the
Borrower; (e) the benefit of any statute of limitations affecting liability of
any endorser or other Obligor or the enforcement hereof; (f) any defense
arising by reason of any disability or other defense of the Borrower or by
reason of the cessation from any cause whatsoever (other than payment in full)
of the obligation of the Borrower for the Liabilities; and (g) any defense
based on or arising out of any defense that the Borrower may have to the
payment or performance of the Liabilities or any portion thereof. Each Obligor
consents to any extension or postponement of time of its payment without limit
as to the number or period, to any substitution, exchange or release of all or
any part of the Collateral, to the addition of any other Person, and to the
release or discharge of, or suspension of any rights and remedies against, any
Obligor. The Bank may waive or delay enforcing any of its rights without losing
them. Any waiver affects only the specific terms and time period stated in the
waiver. No modification or waiver of any provision of this Note is effective
unless it is in writing and signed by the Person against whom it is being
enforced. 

Cooperation. The
Borrower agrees to fully cooperate with the Bank and not to delay, impede or
otherwise interfere with the efforts of the Bank to secure payment from the
Collateral including actions, proceedings, motions, orders, agreements or other
matters relating to relief from automatic stay, abandonment of Property, use of
cash Collateral and sale of the Collateral free and clear of all Liens.

Rights of Subrogation.
Each Obligor waives and agrees not to enforce any rights of subrogation,
contribution or indemnification that it may have against the Borrower, any
other Obligor, or the Collateral, until the Borrower and such Obligor have
fully performed all their obligations to the Bank, even if those obligations
are not covered by this Note.

Reinstatement. The
Borrower agrees that to the extent any payment or transfer is received by the
Bank in connection with the Liabilities evidenced by this Note, and all or any
part of the payment or transfer is subsequently invalidated, declared to be
fraudulent or preferential, set aside or required to be transferred or repaid
by the Bank or transferred or paid over to a trustee, receiver or any other
Person, whether under any bankruptcy act or otherwise (any of those payments or
transfers is hereinafter referred to as a “Preferential Payment”), then this
Note shall continue to be effective or shall be reinstated, as the case may be,
even if all those Liabilities have been paid in full and whether or not the
Bank is in possession of this Note, or whether the Note has been marked paid,
released or canceled, or returned to the Borrower and, to the extent of the
payment, repayment or other transfer by the Bank, the Liabilities or part
intended to be satisfied by the Preferential Payment shall be revived and
continued in full force and effect as if the Preferential Payment had not been
made.

Governing Law and Venue.
This Note shall be governed by and construed in accordance with the laws of the
State of New Jersey (without giving effect to its laws of conflicts). The
Borrower agrees that any legal action or proceeding with respect to any of its
obligations under this Note may be brought by the Bank in any state or federal court
located in the State of New Jersey, as the Bank in its sole discretion may
elect. By the execution and delivery of this Note, the Borrower submits to and
accepts, for itself and in respect of its property, generally and
unconditionally, the non-exclusive jurisdiction of those courts. The Borrower
waives any claim that the State of New Jersey is not a convenient forum or the
proper venue for any such suit, action or proceeding. 

8

Miscellaneous. If
more than one Borrower executes this Note: (i) each Borrower is liable jointly
and severally for the Liabilities evidenced by this Note; (ii) the term
“Borrower” means any one or more of them; and (iii) the receipt of value by any
one of them constitutes the receipt of value by the others. This Note binds the
Borrower and its successors, and benefits the Bank, its successors and assigns.
Any reference to the Bank includes any holder of this Note. Section headings
are for convenience of reference only and do not affect the interpretation of
this Note. Any notices and demands under or related to this Note shall be in
writing and delivered to the intended party at its address stated herein, and
if to the Bank, at its main office if no other address of the Bank is specified
herein, by one of the following means: (a) by hand; (b) by a nationally
recognized overnight courier service; or (c) by certified mail, postage
prepaid, with return receipt requested. Notice shall be deemed given: (a) upon
receipt if delivered by hand; (b) on the Delivery Day after the day of deposit
with a nationally recognized courier service; or (c) on the third Delivery Day
after the notice is deposited in the mail. “Delivery Day” means a day other
than a Saturday, a Sunday, or any other day on which national banking
associations are authorized to be closed. Any party may change its address for
purposes of the receipt of notices and demands by giving notice of such change
in the manner provided in this provision. This Note and the other Related
Documents embody the entire agreement between the Borrower and the Bank
regarding the terms of the loan evidenced by this Note and supercede all oral
statements and prior writings relating to that loan. No delay on the part of
the Bank in the exercise of any right or remedy waives that right or remedy. No
single or partial exercise by the Bank of any right or remedy precludes any
other future exercise of it or the exercise of any other right or remedy. No
waiver or indulgence by the Bank of any default is effective unless it is in
writing and signed by the Bank, nor shall a waiver on one occasion bar or waive
that right on any future occasion. The rights of the Bank under this Note and
the other Related Documents are in addition to other rights (including without
limitation, other rights of setoff) the Bank may have contractually, by law, in
equity or otherwise, all of which are cumulative and hereby retained by the
Bank. If any provision of this Note cannot be enforced, the remaining portions
of this Note shall continue in effect. The Borrower agrees that the Bank may
provide any information or knowledge the Bank may have about the Borrower or
about any matter relating to this Note or the Related Documents to JPMorgan Chase & Co., or any of its
Subsidiaries or Affiliates or their successors, or to any one or more
purchasers or potential purchasers of this Note or the Related Documents. The Borrower agrees that the Bank may at any time
sell, assign or transfer one or more interests or participations in all or any
part of its rights and obligations in this Note to one or more purchasers
whether or not related to the Bank. 

Government Regulation.
The Borrower shall not (a) be or
become subject at any time to any law, regulation, or list of any government
agency (including, without limitation, the U.S. Office of Foreign Asset Control
list) that prohibits or limits the Bank from making any advance or extension of
credit to the Borrower or from
otherwise conducting business with the
Borrower, or (b) fail to provide documentary and other evidence of the Borrower’s identity as may be
requested by the Bank at any time to enable the Bank to verify the Borrower’s identity or to comply with
any applicable law or regulation, including, without limitation, Section 326 of
the USA Patriot Act of 2001, 31 U.S.C. Section 5318.

USA PATRIOT ACT NOTIFICATION.
The following notification is provided to the
Borrower pursuant to Section 326 of the USA Patriot Act of 2001, 31
U.S.C. Section 5318:

IMPORTANT
INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT. To help the government
fight the funding of terrorism and money laundering activities, Federal law
requires all financial institutions to obtain, verify, and record information
that identifies each Person that opens an account, including any deposit
account, treasury management account, loan, other extension of credit, or other
financial services product. What this means for the Borrower: When the
Borrower opens an account, if the
Borrower is an individual, the Bank will ask for the Borrower’s name, taxpayer identification number, residential
address, date of birth, and other information that will allow the Bank to
identify the Borrower, and if the Borrower is not an individual, the
Bank will ask for the Borrower’s
name, taxpayer identification number, business address, and other information
that will allow the Bank to identify the
Borrower. The Bank may also ask, if the
Borrower is an individual, to see the
Borrower’s driver’s license or other identifying documents, and if the Borrower is not an individual, to see the Borrower’s legal organizational
documents or other identifying documents.

WAIVER OF SPECIAL DAMAGES.
THE BORROWER WAIVES, TO THE MAXIMUM
EXTENT NOT PROHIBITED BY LAW, ANY RIGHT THE UNDERSIGNED MAY HAVE TO CLAIM OR
RECOVER FROM THE BANK IN ANY LEGAL ACTION OR PROCEEDING ANY SPECIAL, EXEMPLARY,
PUNITIVE OR CONSEQUENTIAL DAMAGES. 

JURY WAIVER. THE
BORROWER AND THE BANK (BY ITS ACCEPTANCE HEREOF) HEREBY VOLUNTARILY, KNOWINGLY,
IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT TO HAVE A JURY PARTICIPATE IN
RESOLVING ANY DISPUTE (WHETHER BASED ON CONTRACT, TORT, OR OTHERWISE) BETWEEN
THE BORROWER AND THE BANK ARISING OUT OF OR IN ANY WAY RELATED TO THIS NOTE OR
THE OTHER RELATED DOCUMENTS. THIS PROVISION IS A MATERIAL INDUCEMENT TO THE
BANK TO PROVIDE THE FINANCING EVIDENCED BY THIS NOTE. 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Borrower:

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Address:

 	
 1008 Teaneck
 Road

 	
 BOS-Supply
 Chain Solutions (Summit), Inc.

 
	
  

 	
 Teaneck, NJ
 07666

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Printed Name

 	
 Title

 

	
  

 	
  

 	
  

 
	
  

 	
 Date Signed:

 	
  

 
	
  

 	
  

 	

 

9

	
  

 	
  

 
	
 

 	
 Continuing Security Agreement

 

	
  

 	
  

 
	
 Name of Debtor:

 	
 BOS-Supply Chain Solutions (Summit), Inc. 

 
	
 Debtor’s Address:

 	
 1008 Teaneck Road, Teaneck, NJ 07666

 
	
 Tax Payer’s ID:

 	
 22-1911284

 

Dated as of May 8, 2009

Grant of Security Interest. BOS-Supply
Chain Solutions (Summit), Inc. (whether one or more, the “Debtor”, individually
and collectively if more than one) grants to JPMorgan Chase Bank, N.A., whose
address is 695 Route 46, 1st Floor, Fairfield, NJ 07004 (together with its
successors and assigns, the “Bank”) a continuing security interest in, pledges
and assigns to the Bank all of the “Collateral” (as hereinafter defined) owned
by the Debtor, all of the collateral in which the Debtor has rights or power to
transfer rights and all Collateral in which the Debtor later acquires
ownership, other rights or rights or power to transfer rights to secure the
payment and performance of the Liabilities.

Borrower. “Borrower” means each and all of BOS-Supply
Chain Solutions (Summit), Inc.

Liabilities.
“Liabilities” means all obligations, indebtedness and liabilities of the Borrower whether individual, joint and several,
absolute or contingent, direct or indirect, liquidated or unliquidated, now or
hereafter existing in favor of the Bank,
including without limitation, all liabilities, all interest, costs and fees
arising under or from any note, open account, overdraft, letter of credit
application, endorsement, surety agreement, guaranty, credit card, lease, Rate
Management Transaction, acceptance, foreign exchange contract or depository
service contract, whether payable to the Bank or to a third party and
subsequently acquired by the Bank, any monetary obligations (including
interest) incurred or accrued during the pendency of any bankruptcy,
insolvency, receivership or other similar proceedings, regardless of whether
allowed or allowable in such proceeding, and all renewals, extensions,
modifications, consolidations, rearrangements, restatements, replacements or
substitutions of any of the foregoing. “Rate
Management Transaction” means any transaction (including an agreement with
respect thereto) that is a rate swap, basis swap, forward rate transaction,
commodity swap, commodity option, equity or equity index swap, equity or equity
index option, bond option, interest rate option, foreign exchange transaction,
cap transaction, floor transaction, collar transaction, forward transaction,
currency swap transaction, cross-currency rate swap transaction, currency
option, derivative transaction or any other similar transaction (including any
option with respect to any of these transactions) or any combination thereof,
whether linked to one or more interest rates, foreign currencies, commodity
prices, equity prices or other financial measures. The Debtor and the Bank
specifically contemplate that Liabilities include indebtedness hereafter
incurred by the Borrower to the Bank.

Collateral.
Accounts; Chattel Paper; Deposit Accounts and other payment obligations of a
financial institution (including the Bank); Documents; Equipment; General
Intangibles; Instruments; Inventory; Investment Property; and Letter of Credit
Rights. 

Description of Collateral.
As used in this agreement, the term “Collateral” means all of the Debtor’s
property whether owned individually or jointly with others of the types
indicated above and defined below, whether now owned or hereafter acquired,
whether now existing or hereafter arising, and wherever located, including but
not limited to any items listed on any schedule or list attached hereto. In
addition, the term “Collateral” includes all “proceeds,” “products” and
“supporting obligations” (as such terms are defined in the “UCC,” meaning the
Uniform Commercial Code of New Jersey, as in effect from time to time) of the
Collateral indicated above, including but not limited to all stock rights,
subscription rights, dividends, stock dividends, stock splits, or liquidating
dividends, and all cash, accounts, chattel paper, “instruments,” “investment
property,” “financial assets,” and “general intangibles” (as such terms are
defined in the UCC) arising from the sale, rent, lease, casualty loss or other
disposition of the Collateral, and any Collateral returned to, repossessed by
or stopped in transit by the Debtor, and all insurance claims relating to any
of the Collateral (defined above). The term “Collateral” further includes all
of the Debtor’s right, title and interest in and to all books, records and data
relating to the Collateral identified above, regardless of the form of media
containing such information or data, and all software necessary or desirable to
use any of the Collateral identified above or to access, retrieve, or process
any of such information or data. Where the Collateral is in the possession of
the Bank or the Bank’s agent, the Debtor agrees to deliver to the Bank any
property that represents an increase in the Collateral or profits or proceeds
of the Collateral.

	
  

 	
  

 
	
 1.

 	
 “Accounts” means all of the Debtor’s “accounts” as defined in Article
 9 of the UCC.

 
	
  

 	
  

 
	
 2.

 	
 “Chattel Paper” means all of the Debtor’s “chattel paper” as defined
 in Article 9 of the UCC.

 
	
  

 	
  

 
	
 3.

 	
 “Deposit
 Accounts” means all of the Debtor’s “deposit accounts” as defined in Article
 9 of the UCC and other payment obligations of a financial institution
 (including the Bank) to the Debtor.

 

	
  

 	
  

 
	
 4.

 	
 “Documents” means all of the Debtor’s “documents” as defined in
 Article 9 of the UCC.

 
	
  

 	
  

 
	
 5.

 	
 “Equipment”
 means all of the Debtor’s “equipment” as defined in Article 9 of the UCC. In
 addition, “Equipment” includes any “documents” (as defined in Article 9 of
 the UCC) issued with respect to any of the Debtor’s “equipment” (as defined
 in Article 9 of the UCC) and certificates of title relating to the foregoing.
 Without limiting the security interest granted, the Debtor represents and
 warrants that the Debtor’s Equipment is presently located at the address set
 forth in this agreement or in a separate Collateral Location Schedule
 delivered to the Bank.

 
	
  

 	
  

 
	
 6.

 	
 “General
 Intangibles” means all of the Debtor’s “general intangibles” as defined in
 Article 9 of the UCC. In addition, “General Intangibles” further includes any
 right to a refund of taxes paid at any time to any governmental entity.

 
	
  

 	
  

 
	
 7.

 	
 “Instruments” means all of the Debtor’s “instruments” as defined in
 Article 9 of the UCC.

 
	
  

 	
  

 
	
 8.

 	
 “Inventory”
 means all of the Debtor’s “inventory” as defined in Article 9 of the UCC. In
 addition, “Inventory” includes any “documents” and certificates of title
 issued with respect to any of the Debtor’s “inventory” (as defined in Article
 9 of the UCC). Without limiting the security interest granted, the Debtor
 represents and warrants that the Debtor’s Inventory is presently located at
 the address set forth in this agreement or in a separate Collateral Location
 Schedule delivered to the Bank.

 
	
  

 	
  

 
	
 9.

 	
 “Investment
 Property” means all of the Debtor’s “investment property” as defined in
 Article 9 of the UCC and all of the Debtor’s “financial assets,” as defined
 in Article 8 of the UCC.

 
	
  

 	
  

 
	
 10.

 	
 “Letter of
 Credit Rights” means all of the Debtor’s “letter of credit rights” as defined
 in Article 9 of the UCC.

 

Collateral Location Schedule.
“Collateral Location Schedule” means a schedule in the form attached to this
agreement. The Debtor agrees to complete, execute and deliver a Collateral
Location Schedule to the Bank with respect to any Collateral for which the
Debtor has identified a location in this agreement: (i) concurrently with the
execution of this agreement, if the initial location of the Collateral is other
than the address of the Debtor set forth above; and (ii) within ten (10) days
prior to the relocation of any Collateral to any place other than the address
of the Debtor set forth above or the location identified in any previously
submitted Collateral Location Schedule. 

Representations, Warranties and Covenants. The
Debtor represents and warrants to, and covenants and agrees with the Bank that
each of the following is true and will remain true until termination of this
agreement and full and final payment of all Liabilities:

	
  

 	
  

 
	
 1.

 	
 Its
 principal residence or chief executive office is at the address shown above;

 
	
 2.

 	
 The Debtor’s
 name as it appears in this agreement is its exact name as it appears in the
 Debtor’s organizational documents, as amended, including any trust documents;

 
	
 3.

 	
 It is or
 will become the owner of the Collateral free from any liens, encumbrances or
 security interests, except for this security interest and existing liens
 disclosed to and accepted by the Bank in writing, and it will defend the
 Collateral against all claims and demands of all persons at any time claiming
 any interest in the Collateral;

 
	
 4.

 	
 It will keep
 the Collateral free of liens, encumbrances and other security interests,
 except for this security interest, maintain the Collateral in good repair,
 not use it illegally and exhibit the Collateral to the Bank on demand;

 
	
 5.

 	
 At its own
 expense, the Debtor will maintain comprehensive casualty insurance on the
 Collateral against such risks, in such amounts, with such deductibles and
 with such companies as may be satisfactory to the Bank. Each insurance policy
 shall contain a lender’s loss payable endorsement in form and substance
 satisfactory to the Bank and a prohibition against cancellation or amendment
 of the policy or removal of the Bank as loss payee without at least thirty
 (30) days’ prior written notice to the Bank. In all events, the amounts of
 such insurance coverages shall conform to prudent business practices and
 shall be in such minimum amounts that the Debtor will not be deemed a
 co-insurer. The policies and certificates evidencing them, shall, if the Bank
 so requests, be deposited with the Bank. The Debtor authorizes the Bank to
 endorse on the Debtor’s behalf and to negotiate drafts reflecting proceeds of
 insurance of the Collateral, provided that the Bank shall remit to the Debtor
 such surplus, if any, as remains after the proceeds have been applied, at the
 Bank’s option, to the satisfaction of all of the Liabilities (in such order
 of application as the Bank may elect) or to the establishment of a cash
 collateral account for the Liabilities;

 
	
 6.

 	
 It will not
 sell, lease, license or offer to sell, lease, license or otherwise transfer
 the Collateral or any rights in or to the Collateral, without the written
 consent of the Bank, except in the ordinary course of business;

 
	
 7.

 	
 It will not
 change the location of the Collateral from the locations of the Collateral
 described in this agreement and any separate Collateral Location Schedule
 provided to the Bank, without providing at least ten (10) days’ prior written
 notice to the Bank by means of submitting a Collateral Location Schedule;

 
	
 8.

 	
 It will pay
 promptly when due all taxes and assessments upon the Collateral, or for the
 use or operation of the Collateral;

 

2

	
  

 	
  

 
	
 9.

 	
 No financing
 statement covering all or any part of the Collateral or any proceeds is on
 file in any public office, unless the Bank has approved that filing. From
 time to time at the Bank’s request, the Debtor will execute one or more
 financing statements or similar record and a control agreement with respect
 to the proceeds in form satisfactory to the Bank and will pay the cost of
 filing them in all public offices where filing is deemed by the Bank to be
 necessary or desirable. In addition, the Debtor shall execute and deliver, or
 cause to be executed and delivered, such other documents as the Bank may from
 time to time request to perfect or to further evidence the security interest
 created in the Collateral by this agreement including, without limitation:
 (a) any certificate or certificates of title to the Collateral with the
 security interest of the Bank noted thereon or executed applications for such
 certificates of title in form satisfactory to the Bank; (b) any assignments
 of claims under government contracts which are included as part of the
 Collateral, together with any notices and related documents as the Bank may
 from time to time request; (c) any assignment of any specific account
 receivable as the Bank may from time to time request; (d) a notice of and
 acknowledgment of the Bank’s security interest and a control agreement with
 respect to any Collateral, all in form and substance satisfactory to the
 Bank; (e) a notice to and acknowledgment from any person holding or in
 possession of any Collateral that such persons holds the Collateral as a
 bailee for the Bank’s benefit, all in form and substance satisfactory to the
 Bank; and (f) any consent to the assignment of proceeds of any letter of
 credit, all in form and substance satisfactory to the Bank; 

 
	
 10.

 	
 It will not,
 without the Bank’s prior written consent, change the Debtor’s name, the
 Debtor’s business organization, the jurisdiction under which the Debtor’s
 business organization is formed or organized, or the Debtor’s chief executive
 office, or of any additional places of the Debtor’s business;

 
	
 11.

 	
 It will
 provide any information that the Bank may reasonably request and will permit
 the Bank or the Bank’s agents to inspect and copy its books, records, data
 and the Collateral at any time during normal business hours;

 
	
 12.

 	
 The Bank
 shall have the right now, and at any time in the future in its sole and
 absolute discretion, without notice to the Debtor, to (a) prepare, file and
 sign the Debtor’s name on any proof of claim in bankruptcy or similar
 document against any owner of the Collateral and (b) prepare, file and sign
 the Debtor’s name on any financing statement, notice of lien, assignment or
 satisfaction of lien or similar document in connection with the Collateral.
 The Debtor hereby authorizes the Bank to file financing statements covering
 Collateral or such lesser amount of assets as the Bank may determine, or the
 Bank may, at its option, file financing statements or similar records
 containing any collateral description which reasonably describes the
 Collateral in which a security interest is granted under this agreement;

 
	
 13.

 	
 Immediately
 upon the Debtor’s receipt of any Collateral evidenced by an agreement,
 “instrument,” “chattel paper,” certificated “security” or “document” (as such
 terms are defined in the UCC) (collectively, “Special Collateral”), the
 Debtor shall mark the Special Collateral to show that it is subject to the
 Bank’s security interest and shall deliver the original to the Bank together
 with appropriate endorsements and other specific evidence of assignment or
 transfer in form and substance satisfactory to the Bank;

 
	
 14.

 	
 The Debtor
 shall keep all tangible Collateral in good order and repair and shall not
 waste or destroy any of the Collateral, nor use any of the Collateral in
 violation of any applicable law or any policy of insurance thereon. To the
 extent that the Collateral consists of “farm products” (as defined in the
 UCC), the Debtor shall attend to and care for the crops and livestock in
 accordance with the best practices of good husbandry, and do, or cause to be
 done, any and all acts that may at any time be appropriate or necessary to
 grow, raise, harvest, care for, preserve and protect the farm products;

 
	
 15.

 	
 Except as
 may be otherwise disclosed in writing by the Debtor to the Bank, none of the
 Collateral is attached to real estate so as to constitute a “fixture” (as
 defined in the UCC) and none of the Collateral shall at any time hereafter be
 attached to real estate so as to constitute a fixture. If any of the
 Collateral is now or at any time hereafter becomes so attached to real estate
 so as to constitute a fixture, the Debtor shall, at any time upon the Bank’s
 request, furnish the Bank with a disclaimer of interest in the Collateral
 executed by each person or entity having an interest in such real estate.

 

Accounts; Chattel Paper; General Intangibles
and Instruments. If the Collateral includes the
Debtor’s “Accounts, Chattel Paper, General Intangibles and Instruments” and
until the Bank gives notice to the Debtor to the contrary, the Debtor will, in
the usual course of its business and at its own expense, on the Bank’s behalf
but not as the Bank’s agent, demand and receive and use its best efforts to
collect all moneys due or to become due with respect to the Collateral. Until
the Bank gives notice to the Debtor to the contrary or until the Debtor is in
default, it may use the funds collected in its business. Upon notice from the
Bank or upon default, the Debtor agrees that all sums of money it receives on
account of or in payment or settlement of the Accounts, Chattel Paper, General
Intangibles and Instruments shall be held by it as trustee for the Bank without
commingling with any of the Debtor’s other funds, and shall immediately be
delivered to the Bank with endorsement to the Bank’s order of any check or
similar instrument. It is agreed that, at any time the Bank so elects, the Bank
shall be entitled, in its own name or in the name of the Debtor or otherwise,
but at the expense and cost of the Debtor, to collect, demand, receive, sue for
or compromise any and all Accounts, Chattel Paper, General Intangibles, and Instruments,
and to give good and sufficient releases, to endorse any checks, drafts or
other orders for the payment of money payable to the Debtor and, in the Bank’s
discretion, to file any claims or take any action or proceeding which the Bank
may deem necessary or advisable. It is expressly understood and agreed,
however, that the Bank shall not be required or obligated in any manner to make
any demand or to make any inquiry as to the nature or sufficiency of any
payment received by it or to present or file any claim or take any other action
to collect or enforce the payment of any amounts which may have been assigned
to the Bank or to which the Bank may be entitled at any time or times. All
notices required in this paragraph will be immediately effective when sent.
Such notices need not be given prior to the Bank’s taking action. The Debtor
appoints the Bank or the Bank’s designee as the Debtor’s attorney-in-fact to do
all things with reference to the Collateral as provided for in this section
including without limitation (1) to notify the post office authorities to
change the Debtor’s mailing address to one designated by the Bank, (2) to
receive, open and dispose of mail addressed to the Debtor, (3) to sign the
Debtor’s name on any invoice or bill of lading relating to any Collateral, on
assignments and verifications of account and on notices to the Debtor’s
customers, and (4) to do all things necessary to carry out this agreement or to
perform any of the obligations of the Debtor under this agreement. The Debtor
ratifies and approves all acts of the Bank as attorney-in-fact. The Bank shall
not be liable for any act or omission, nor any error of judgment or mistake of
fact or law, but only for its gross negligence or willful misconduct. This
power being coupled with an interest is irrevocable until all of the
Liabilities have been fully satisfied and shall survive the death or disability
of the Debtor.

3

Pledge. If the
Debtor is not liable for all or any part of the Liabilities, then the Debtor
agrees that:

	
  

 	
  

 
	
 1.

 	
 If any
 moneys become available from any source other than the Collateral that the
 Bank can apply to the Liabilities, the Bank may apply them in any manner it
 chooses, including but not limited to applying them against obligations,
 indebtedness or liabilities which are not secured by this agreement.

 
	
 2.

 	
 The Bank may
 take any action against the Borrower, the Collateral or any other collateral
 for the Liabilities, or any other person or entity liable for any of the
 Liabilities.

 
	
 3.

 	
 The Bank may
 release the Borrower or anyone else from the Liabilities, either in whole or
 in part, or release the Collateral in whole or in part or any other
 collateral for the Liabilities, and need not perfect a security interest in
 the Collateral or any other collateral for the Liabilities.

 
	
 4.

 	
 The Bank
 does not have to exercise any rights that it has against the Borrower or
 anyone else, or make any effort to realize on the Collateral or any other
 collateral for the Liabilities, or exercise any right of setoff.

 
	
 5.

 	
 Without notice
 or demand and without affecting the Debtor’s obligations hereunder, from time
 to time, the Bank is authorized to: (a) renew, modify, compromise, rearrange,
 restate, consolidate, extend, accelerate or otherwise change the time for
 payment of, or otherwise change the terms of the Liabilities or any part
 thereof, including increasing or decreasing the rate of interest thereon; (b)
 release, substitute or add any one or more sureties, endorsers, or
 guarantors; (c) take and hold other collateral for the payment of the
 Liabilities, and enforce, exchange, substitute, subordinate, impair, waive or
 release any such collateral; (d) proceed against the Collateral or any other
 collateral for the Liabilities and direct the order or manner of sale as the
 Bank in its discretion may determine; and (e) apply any and all payments
 received by the Bank in connection with the Liabilities, or recoveries from
 the Collateral or any other collateral for the Liabilities, in such order or
 manner as the Bank in its discretion may determine.

 
	
 6.

 	
 The Debtor’s
 obligations hereunder shall not be released, diminished or affected by (a)
 any act or omission of the Bank, (b) the voluntary or involuntary
 liquidation, sale or other disposition of all or substantially all of the
 assets of the Borrower, or any receivership, insolvency, bankruptcy,
 reorganization, or other similar proceedings affecting the Borrower or any of
 its assets or any other obligor on the Liabilities or that obligor’s assets,
 (c) any change in the composition or structure of the Borrower or any other
 obligor on the Liabilities, including a merger or consolidation with any
 other person or entity, or (d) any payments made upon the Liabilities.

 
	
 7.

 	
 The Debtor
 expressly consents to any impairment of any other collateral for the
 Liabilities, including, but not limited to, failure to perfect a security
 interest and release of any other collateral for the Liabilities and any such
 impairment or release shall not affect the Debtor’s obligations hereunder.

 
	
 8.

 	
 The Debtor
 waives and agrees not to enforce any rights of subrogation, contribution or
 indemnification that it may have against the Borrower, any person or entity
 liable on the Liabilities, or the Collateral, until the Borrower and the
 Debtor have fully performed all their obligations to the Bank, even if those
 obligations are not covered by this agreement.

 
	
 9.

 	
 The Debtor
 waives (a) to the extent not prohibited by applicable law, all rights and
 benefits under any laws or statutes regarding sureties, as may be amended,
 (b) any right the Debtor may have to receive notice of the following matters
 before the Bank enforces any of its rights: (i) the Bank’s acceptance of this
 agreement, (ii) incurrence or acquisition of any Liabilities, any credit that
 the Bank extends to the Borrower, (iii) the Borrower’s default, (iv) any
 demand, diligence, presentment, dishonor and protest, or (v) any action that
 the Bank takes regarding the Borrower, anyone else, any other collateral for
 the Liabilities, or any of the Liabilities, which it might be entitled to by
 law or under any other agreement, (c) any right it may have to require the
 Bank to proceed against the Borrower, any guarantor or other obligor on the
 Liabilities, the Collateral or any other collateral for the Liabilities, or
 pursue any remedy in the Bank’s power to pursue, (d) any defense based on any
 claim that the Debtor’s obligations exceed or are more burdensome than those
 of the Borrower, (e) the benefit of any statute of limitations affecting the
 Debtor’s obligations hereunder or the enforcement hereof, (f) any defense
 arising by reason of any disability or other defense of the Borrower or by
 reason of the cessation from any cause whatsoever (other than payment in
 full) of the obligation of the Borrower for the Liabilities, and (g) any defense
 based on or arising out of any defense that the Borrower may have to the
 payment or performance of the Liabilities or any portion thereof. The Bank
 may waive or delay enforcing any of its rights without losing them. Any
 waiver affects only the specific terms and time period stated in the waiver.

 
	
 10.

 	
 The Debtor
 agrees that to the extent any payment or transfer is received by the Bank in
 connection with the Liabilities, and all or any part of such payment or
 transfer is subsequently invalidated, declared to be fraudulent or
 preferential, set aside or required to be transferred or repaid by the Bank
 or paid over to a trustee, receiver or any other person or entity, whether
 under any bankruptcy act or otherwise (any of those payments or transfers is
 hereinafter referred to as a “Preferential Payment”), then this agreement
 shall continue to be effective or shall be reinstated, as the case may be,
 even if all Liabilities have been paid in full, and whether or not the Bank
 is in possession of this agreement or whether this agreement has been marked
 paid, cancelled, released or returned to the Debtor, and, to the extent of
 the payment or repayment or other transfer by the Bank, the Liabilities or
 part intended to be satisfied by the Preferential Payment shall be revived
 and continued in full force and effect as if the Preferential Payment had not
 been made. If this agreement must be reinstated, the Debtor agrees to execute
 and deliver to the Bank any new security agreements and financing statements,
 if necessary or if requested by the Bank, in form and substance acceptable to
 the Bank, covering the Collateral.

 

4

	
  

 	
  

 
	
 11.

 	
 The Debtor agrees to fully cooperate with the Bank
 and not to delay, impede or otherwise interfere with the efforts of the Bank
 to secure payment from the assets which secure the Liabilities including
 actions, proceedings, motions, orders, agreements or other matters relating
 to relief from automatic stay, abandonment of property, use of cash
 collateral and sale of the Bank’s collateral free and clear of all liens.

 
	
 12.

 	
 The Debtor has (a) without reliance on the Bank or any information received from the Debtor and based upon the
records and information the
 Debtor deems appropriate, made an
 independent investigation of the Borrower, the Borrower’s business, assets, operations, prospects and
 condition, financial or otherwise, and any circumstances that may bear upon
 those transactions, the Borrower or the obligations, liabilities and risks
 undertaken pursuant to this agreement; (b) adequate means to obtain from the
 Borrower on a continuing basis information concerning the Borrower and the Bank
 has no duty to provide any information
 concerning the Borrower or other obligor on the Liabilities to the Debtor; (c) full and complete access to the Borrower
 and any and all records relating to any Liabilities now or in the future
 owing by the Borrower; (d) not relied and will not rely upon any
 representations or warranties of the Debtor not embodied in this agreement or any acts taken by the Debtor prior to or after the
execution or other
 authentication and delivery of this agreement (including but not limited to
 any review by the Debtor of the
 business, assets, operations, prospects and condition, financial or
 otherwise, of the Borrower); and (e) determined that the Debtor will receive benefit, directly or indirectly,
 and has or will receive fair and reasonably equivalent value, for the
 execution and delivery of this agreement and the rights provided to the Bank. By entering into this agreement, the Debtor does not
intend: (i) to incur or believe that
 the Debtor will incur debts that
 would be beyond the Debtor’s
 ability to pay as those debts mature; or (ii) to hinder, delay or defraud any
 creditor of the Debtor. The Debtor is neither engaged in nor about to engage in
 any business or transaction for which the remaining assets of the Debtor are unreasonably small in relation to the
 business or transaction, and any property remaining with the Debtor after the execution or other authentication of
 this agreement is not unreasonably small capital.

 

Default; Remedies.
If any of the Liabilities are not paid at maturity, whether by acceleration or
otherwise, or if a default by anyone occurs under the terms of any agreement
related to any of the Liabilities, then the Bank shall have the rights and
remedies provided by law or this agreement, including but not limited to the
right to require the Debtor to assemble the Collateral and make it available to
the Bank at a place to be designated by the Bank which is reasonably convenient
to both parties, the right to take possession of the Collateral with or without
demand and with or without process of law, and the right to sell and dispose of
it and distribute the proceeds according to law. Should a default occur, the
Debtor will pay to the Bank all costs reasonably incurred by the Bank for the
purpose of enforcing its rights hereunder, to the extent not prohibited by law,
including, without limitation: costs of foreclosure; costs of obtaining money
damages; and a reasonable fee for the services of internal and outside
attorneys employed or engaged by the Bank or its affiliates for any purpose
related to this agreement, including, without limitation, consultation,
drafting documents, sending notices or instituting, prosecuting or defending
litigation or any proceeding. The Debtor agrees that upon default the Bank may
dispose of any of the Collateral in its then present condition, that the Bank
has no duty to repair or clean the Collateral prior to sale, and that the
disposal of the Collateral in its present condition or without repair or
clean-up shall not affect the commercial reasonableness of such sale or
disposition. The Bank’s compliance with any applicable state or federal law
requirements in connection with the disposition of the Collateral will not
adversely affect the commercial reasonableness of any sale of the Collateral.
The Bank may disclaim warranties of title, possession, quiet enjoyment, and the
like, and the Debtor agrees that any such action shall not affect the commercial
reasonableness of the sale. In connection with the right of the Bank to take
possession of the Collateral, the Bank may take possession of any other items
of property in or on the Collateral at the time of taking possession, and hold
them for the Debtor without liability on the part of the Bank. The Debtor
expressly agrees that the Bank may enter upon the premises where the Collateral
is believed to be located without any obligation of payment to the Debtor, and
that the Bank may, without cost, use any and all of the Debtor’s “equipment”
(as defined in the UCC) in the manufacturing or processing of any “inventory”
(as defined in the UCC) or in growing, raising, cultivating, caring for,
harvesting, loading and transporting of any of the Collateral that constitutes
“farm products” (as defined in the UCC). If there is any statutory requirement
for notice, that requirement shall be met if the Bank sends notice to the
Debtor at least ten (10) days prior to the date of sale, disposition or other
event giving rise to the required notice, and such notice shall be deemed
commercially reasonable. The Debtor is liable for any deficiency remaining
after disposition of the Collateral.

Miscellaneous.

	
  

 	
  

 
	
 1.

 	
 Where the
 Collateral is located at, used in or attached to a facility leased by the
 Debtor, the Debtor will obtain from the lessor a consent to the granting of
 this security interest and a release or subordination of the lessor’s
 interest in any of the Collateral, in form and substance satisfactory to the
 Bank.

 
	
 2.

 	
 At its
 option the Bank may, but shall be under no duty or obligation to, discharge
 taxes, liens, security interests or other encumbrances at any time levied or
 placed on the Collateral, pay for insurance on the Collateral, and pay for
 the maintenance and preservation of the Collateral, and the Debtor agrees to
 reimburse the Bank on demand for any payment made or expense incurred by the
 Bank, with interest at the highest rate at which interest may accrue under
 any of the instruments or documents evidencing the Liabilities.

 
	
 3.

 	
 No delay on
 the part of the Bank in the exercise of any right or remedy waives that right
 or remedy, no single or partial exercise by the Bank of any right or remedy
 precludes any other exercise of it or the exercise of any other right or
 remedy, and no waiver or indulgence by the Bank of any default is effective
 unless it is in writing and signed by the Bank, nor does a waiver on one
 occasion waive that right on any future occasion.

 

5

	
  

 	
  

 
	
 4.

 	
 If any
 provision of this agreement is invalid, it shall be ineffective only to the
 extent of its invalidity, and the remaining provisions shall be valid and
 effective.

 
	
 5.

 	
 Except as
 provided in the Accounts; Chattel Paper; General Intangibles; and Instruments
 paragraph above, any notices and demands under or related to this document
 shall be in writing and delivered to the intended party at its address stated
 herein, and if to the Bank, at its main office if no other address of the
 Bank is specified herein, by one of the following means: (a) by hand, (b) by
 a nationally recognized overnight courier service, or (c) by certified mail,
 postage prepaid, with return receipt requested. Notice shall be deemed given:
 (a) upon receipt if delivered by hand, (b) on the Delivery Day after the day
 of deposit with a nationally recognized courier service, or (c) on the third
 Delivery Day after the notice is deposited in the mail. “Delivery Day” means
 a day other than a Saturday, a Sunday, or any other day on which national
 banking associations are authorized to be closed. Any party may change its
 address for purposes of the receipt of notices and demands by giving notice
 of such change in the manner provided in this provision.

 
	
 6.

 	
 All rights
 of the Bank benefit the Bank’s successors and assigns; and all obligations of
 the Debtor bind the Debtor’s heirs, executors, administrators, successors and
 assigns. If more than one person or entity signs as the Debtor, their
 obligations are joint and several and each agreement, representation,
 warranty and covenant shall be individual, joint and several and the
 “Collateral” includes any property that is owned by any Debtor individually
 or jointly with any other.

 
	
 7.

 	
 A carbon,
 photographic or other reproduction of this agreement is sufficient as, and
 can be filed as, a financing statement. The Bank is irrevocably appointed the
 Debtor’s attorney-in-fact to execute any financing statement on the Debtor’s
 behalf covering the Collateral. The Debtor authorizes the Bank to file one or
 more financing statements or similar records related to the security
 interests created by this agreement, and further authorizes the Bank, as
 secured party herein, instead of the Debtor, to sign such financing
 statements and other similar records.

 

Indemnification. The
Debtor agrees to indemnify, defend and hold the Bank, its parent companies,
subsidiaries, affiliates, their respective successors and assigns and each of
their respective shareholders, directors, officers, employees and agents
(collectively the “Indemnified Persons”) harmless from and against any and all
loss, liability, obligation, damage, penalty, judgment, claim, deficiency,
expense, interest, penalties, attorneys’ fees (including the fees and expenses
of attorneys engaged by the Indemnified Person at the Indemnified Person’s
reasonable discretion) and amounts paid in settlement (“Claims”) to which any
Indemnified Person may become subject arising out of or relating to this
agreement or the Collateral, except to the limited extent that the Claims are
proximately caused by the Indemnified Person’s gross negligence or willful
misconduct. The indemnification provided for in this paragraph shall survive
the termination of this agreement and shall not be affected by the presence,
absence or amount of or the payment or nonpayment of any claim under, any
insurance.

Governing Law and Venue.
This agreement shall be governed by and construed in accordance with the laws
of the State of New Jersey (without giving effect to its laws of conflicts),
and to the extent applicable, federal law, except to the extent that the laws
regarding the perfection and priority of security interests of the state(s) in
which either the Debtor or any property securing the Liabilities is located,
are applicable. The Debtor agrees that any legal action or proceeding with
respect to any of its obligations under this agreement may be brought by the
Bank in any state or federal court located in the State of New Jersey, as the
Bank in its sole discretion may elect. By the execution and delivery of this
agreement, the Debtor submits to and accepts, for itself and in respect of its
property, generally and unconditionally, the non-exclusive jurisdiction of
those courts. The Debtor waives any claim that the State of New Jersey is not a
convenient forum or the proper venue for any such suit, action or proceeding. 

Additional Representations, Warranties and
Covenants. The Debtor represents, warrants and
covenants to the Bank that each of the following is true and will remain true
until termination of this agreement and payment in full of all Liabilities: (a)
the execution and delivery of this agreement and the performance of the
obligations it imposes do not violate any law, do not conflict with any
agreement by which it is bound, and do not require the consent or approval of
any governmental authority or any third party; (b) this agreement is a valid
and binding agreement, enforceable according to its terms; and (c) all balance
sheets, profit and loss statements, and other financial statements furnished to
the Bank in connection with the Liabilities are accurate and fairly reflect the
financial condition of the organizations and persons to which they apply on
their effective dates, including contingent liabilities of every type, which
financial condition has not changed materially and adversely since those dates.
The Debtor, other than a natural person, further represents that: (a) it is
duly organized, validly existing and in good standing under the laws of the
state where it is organized and in good standing in each state where it is
doing business; and (b) the execution and delivery of this agreement and the
performance of the obligations it imposes (i) are within its powers and have
been duly authorized by all necessary action of its governing body; and (ii) do
not contravene the terms of its articles of incorporation or organization, its
by-laws, or any agreement or document governing its affairs.

THIS
SPACE HAS BEEN INTENTIONALLY LEFT BLANK

6

WAIVER OF SPECIAL DAMAGES.
THE DEBTOR WAIVES, TO THE MAXIMUM
EXTENT NOT PROHIBITED BY LAW, ANY RIGHT THE UNDERSIGNED MAY HAVE TO CLAIM OR
RECOVER FROM THE BANK IN ANY LEGAL ACTION OR PROCEEDING ANY SPECIAL, EXEMPLARY,
PUNITIVE OR CONSEQUENTIAL DAMAGES. 

JURY WAIVER. THE
DEBTOR AND THE BANK (BY ITS ACCEPTANCE HEREOF) HEREBY VOLUNTARILY, KNOWINGLY,
IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT TO HAVE A JURY PARTICIPATE IN
RESOLVING ANY DISPUTE (WHETHER BASED ON CONTRACT, TORT, OR OTHERWISE) BETWEEN
OR AMONG THE DEBTOR AND THE BANK ARISING OUT OF OR IN ANY WAY RELATED TO THIS
DOCUMENT. THIS PROVISION IS A MATERIAL INDUCEMENT TO THE BANK TO PROVIDE THE
FINANCING DESCRIBED HEREIN. 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Debtor:

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 BOS-Supply
 Chain Solutions (Summit), Inc.

 
	
  

 	
  

 
	
  

 	
 By:

 	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Printed Name

 	
 Title

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Date Signed:

 	
  

 	
  

 
	
  

 	
  

 	

 

 

7

Collateral Location Schedule

	
  

 	
  

 	
  

 
	
 Date:
 ___________________________________________

 	
 Debtor:
 ________________________________________

 
	
 Check one: 

 	
 o 
 Designation of initial location of Collateral

 	
 Date of Continuing Security
 Agreement: ____________

 
	
  

 	
 o 
 Notice of intent to relocate Collateral

 	
  

 
	
 Instructions: This schedule should be
 completed by the Debtor (the owner of the Collateral) described in the
 Continuing Security Agreement to which this form is attached, if the
 Collateral is located at or will be relocated to, any place other than the
 Debtor’s address set forth in the Continuing Security Agreement. The Debtor
 is required to notify the Bank in writing at least ten (10) days’ prior
 to changing the location of any Collateral. The Debtor represents and
 warrants that the Collateral is located or stored at the location(s)
 described below and if any location(s) is leased or used for storage and not
 owned by the Debtor, the name, address and the phone number of the Landlord
 or owner of the warehouse (“Warehouseman”) and contact name is set forth
 below with respect to the leased or storage premises.

 
	
 Please PRINT or TYPE the following information.

 
	
 Collateral Location

 	
 Landlord/Warehouseman Information

 
	
 

 Address:
 ________________________________________

 

 City, State: ______________________________________

 

 Zip Code: _______________________________________

 
Collateral:
 _______________________________________

 	
 o  Check if Collateral Location is owned
 by the Debtor, otherwise, check applicable box and complete information
 below. 
 
o  Landlord       
 o Warehouseman

 Name:
 _________________________________________

 Address:
 _______________________________________
Suite Number:  __________________________________
City, State:
 _____________________________________
Zip Code: ______________________________________
Contact Name:
 __________________________________
Phone Number:  _________________________________

 
	
 Collateral Location

 	
 Landlord/Warehouseman Information

 
	
 

 Address:
 ________________________________________

 

 City, State: ______________________________________

 

 Zip Code: _______________________________________

 
Collateral:
 _______________________________________

 	
 o  Check if Collateral Location is owned by the
 Debtor, otherwise, check applicable box and complete information below.
 
 
o  Landlord        o Warehouseman

 Name:
 _________________________________________

 Address:
 _______________________________________
Suite Number:  __________________________________
City, State:
 _____________________________________
Zip Code: ______________________________________
Contact Name:
 __________________________________
Phone Number:  _________________________________

 
	
 Collateral Location

 	
 Landlord/Warehouseman Information

 
	
 

 Address:
 ________________________________________

 

 City, State: ______________________________________

 

 Zip Code: _______________________________________

 
Collateral:
 _______________________________________

 	
 o  Check if Collateral Location is owned by the
 Debtor, otherwise, check applicable box and complete information below.
 
 
o  Landlord       
 o Warehouseman

 Name:
 _________________________________________

 Address:
 _______________________________________
Suite Number:  __________________________________
City, State:
 _____________________________________
Zip Code: ______________________________________
Contact Name:
 __________________________________
Phone Number:  _________________________________

 
	
 Collateral Location

 	
 Landlord/Warehouseman
 Information

 
	
  

 Address:
 ________________________________________

 

 City, State: ______________________________________

 

 Zip Code: _______________________________________

 
Collateral:
 _______________________________________

 	
 o  Check if Collateral Location is owned by
 the Debtor, otherwise, check applicable box and complete information below.
 
 
o Landlord       
 o Warehouseman

 Name:
 _________________________________________

 Address:
 _______________________________________
Suite Number:  __________________________________
City, State:
 _____________________________________
Zip Code: ______________________________________
Contact Name:
 __________________________________
Phone Number:  _________________________________

 
	
 DEBTOR:  ______________________________________________

 By:  ____________________________________________________

 Name: __________________________________________________

 Title: ___________________________________________________

 

8

	
  

 	
  

 
	
 

 	
 Continuing Guaranty

 

Dated as of
May 8, 2009

Guaranty. To induce
JPMorgan Chase Bank, N.A., whose address is 695 Route 46, 1st Floor, Fairfield,
NJ 07004 (together with its successors and assigns, the “Bank”), at its option,
to make financial accommodations, make or acquire loans, extend or continue
credit or some other benefit, including letters of credit and foreign exchange
contracts, present or future, direct or indirect, and whether several, joint or
joint and several, to BOS-Supply Chain Solutions (Summit), Inc. (whether one or
more, the “Borrower”, individually and collectively, if more than one), and
because the undersigned (the “Guarantor”) has determined that executing this
Guaranty is in its interest and to its financial benefit, the Guarantor
absolutely and unconditionally guarantees to the Bank, as primary obligor and
not merely as surety, the performance of and full and prompt payment of the
Liabilities when due, whether at stated maturity, by acceleration or otherwise.
The Guarantor will not only pay the Liabilities, but will also reimburse the
Bank for any fees, charges, costs and expenses, including reasonable attorneys’
fees (including fees and expenses of counsel for the Bank that are employees of
the Bank or its affiliates) and court costs, that the Bank may pay in
collecting from the Borrower or the Guarantor, and for liquidating any
Collateral (collectively, “Collection Amounts”). The Guarantor’s obligations
under this Guaranty shall be payable in lawful money of the United States of America.

Liabilities. The
term “Liabilities” in this Guaranty means all debts, obligations, indebtedness
and liabilities of every kind and character of the Borrower, whether
individual, joint and several, contingent or otherwise, now or hereafter
existing in favor of the Bank, including, without limitation, all liabilities,
interest, costs and fees, arising under or from any note, open account,
overdraft, credit card, lease, Rate Management Transaction, letter of credit
application, endorsement, surety agreement, guaranty, acceptance, foreign
exchange contract or depository service contract, whether payable to the Bank
or to a third party and subsequently acquired by the Bank, any monetary
obligations (including interest) incurred or accrued during the pendency of any
bankruptcy, insolvency, receivership or other
similar proceedings, regardless of whether allowed or allowable in such
proceedings, and all renewals, extensions, modifications, consolidations,
rearrangements, restatements, replacements or substitutions of any of the
foregoing. The Guarantor and the Bank specifically contemplate that Liabilities
include indebtedness hereafter incurred by the Borrower to the Bank. The term
“Rate Management Transaction” in this Guaranty means any transaction (including
an agreement with respect thereto) that is a rate swap, basis swap, forward
rate transaction, commodity swap, commodity option, equity or equity index
swap, equity or equity index option, bond option, interest rate option, foreign
exchange transaction, cap transaction, floor transaction, collar transaction, forward transaction,
currency swap transaction, cross-currency rate swap transaction, currency
option, derivative transaction or any other similar transaction (including any
option with respect to any of these transactions) or any combination thereof,
whether linked to one or more interest rates, foreign currencies, commodity
prices, equity prices or other financial measures.

Limitation. The
Guarantor’s obligation under this Guaranty is UNLIMITED.

Continued Reliance.
This Guaranty shall remain in effect until payment
in full of the Remaining Liabilities, as defined below, following
termination of this Guaranty by the Guarantor in accordance with this paragraph. This Guaranty will continue to be in
effect until final payment and performance in full of all Liabilities and the
termination of any commitment of the Bank to make loans or other financial
accommodations to the Borrower. The Guarantor may terminate the Guarantor’s
liability for Liabilities not in existence or for which the Bank has no
commitment to advance or acquire by delivering written notice to the Bank as
set forth in the paragraph below captioned “Notice.” After the Guarantor’s
termination of this Guaranty, the Guarantor will continue to be liable for the
following amounts (the “Remaining Liabilities”): (i) all Liabilities existing
on the effective date of termination, (ii) all Liabilities to which the Bank
has committed to advance or acquire prior to the effective termination date
(whether or not the Bank is contractually obligated to advance or acquire the
loans or extensions of credit), (iii) all subsequent renewals, extensions,
modifications, consolidations, rearrangements, restatements, replacements and
amendments (but not increases) of those
Liabilities, (iv) all interest
accruing on those Liabilities after the effective termination date and (v) all Collection Amounts incurred with respect to
those Liabilities, on or after the effective termination date. The Bank
may continue to permit the Borrower to incur Liabilities and to issue
commitments to the Borrower to advance or acquire Liabilities in reliance on
this Guaranty until the effective date of termination, regardless of whether at
any time or from time to time there are no existing Liabilities nor commitment
by the Bank to advance or acquire Liabilities.

Security. The term “Collateral” in this Guaranty means all
real or personal property described in all security agreements, pledge
agreements, mortgages, deeds of trust, assignments, or other instruments now or
hereafter executed in connection with any of the Liabilities. If applicable,
the Collateral secures the payment of the Liabilities.

Bank’s Right of Setoff. In addition to the
Collateral, if any, the Guarantor grants to the Bank a security interest in the
Accounts, and the Bank is authorized to setoff and apply, all Accounts,
Securities and Other Property, and Bank Debt against any and all Liabilities of
the Borrower and all obligations of the Guarantor under this Guaranty. This right
of setoff may be exercised at any time and from time to time, and without prior
notice to the Guarantor. This security interest in the Accounts and right of
setoff may be enforced or exercised by the Bank regardless of whether or not
the Bank has made any demand under this paragraph or whether the Liabilities
are contingent, matured, or unmatured. Any delay, neglect or conduct by the
Bank in exercising its rights under this paragraph will not be a waiver of the
right to exercise this right of setoff or enforce this security interest in the
Accounts. The rights of the Bank under this paragraph are in addition to other
rights the Bank may have by law. In this paragraph: (a) the term “Accounts”
means any and all accounts and deposits of the Guarantor (whether general,
special, time, demand, provisional or final) at any time held by the Bank
(including all Accounts held jointly with another, but excluding any IRA or
Keogh Account, or any trust Account in which a security interest would be
prohibited by law); (b) the term “Securities and Other Property” means any
securities entitlements, securities accounts, investment property, financial
assets and all securities and other property of the Guarantor in the custody,
possession or control of the Bank, JPMorgan Chase & Co. and their
respective subsidiaries and affiliates (other than property held by the Bank in
a fiduciary capacity); and (c) the term “Bank Debt” means all indebtedness at
any time owing by the Bank to or for the credit or account of the Guarantor and
any claim of the Guarantor (whether individual, joint and several or otherwise)
against the Bank now or hereafter existing.

Remedies/Acceleration.
If the Guarantor fails to pay any amount owing under this Guaranty, the Bank
shall have all of the rights and remedies provided by law or under any other
agreement. The Bank is authorized to cause all or any part of the Collateral to
be transferred to or registered in its name or in the name of any other person
or business entity with or without designation of the capacity of that nominee.
The Guarantor is liable for any deficiency in payment of any Liabilities
whether of principal, interest, fees, costs or expenses remaining after the
disposition of any Collateral. The Guarantor is liable to the Bank for all reasonable
costs and expenses of any kind incurred in the making and collection of this
Guaranty, including without limitation reasonable attorneys’ fees and court
costs. These costs and expenses include without limitation any costs or
expenses incurred by the Bank in any bankruptcy, reorganization, insolvency or
other similar proceeding. All obligations of the Guarantor to the Bank under
this Guaranty, whether or not then due or absolute or contingent, shall, at the
option of the Bank, without notice or demand, become due and payable
immediately upon the occurrence of any default or event of default under the
terms of any of the Liabilities or otherwise with respect to any agreement
related to the Liabilities (or any other event that results in acceleration of
the maturity of any Liabilities, including without limitation, demand for
payment of any Liabilities constituting demand obligations or automatic
acceleration in a legal proceeding) or the occurrence of any default under this
Guaranty.

Permissible Actions.
If any monies become available from any source other than the Guarantor that
the Bank can apply to the Liabilities, the Bank may apply them in any manner it
chooses, including but not limited to applying them against obligations,
indebtedness or liabilities which are not covered by this Guaranty. The Bank
may take any action against the Borrower, the Collateral, or any other person
liable for any of the Liabilities. The Bank may release the Borrower or anyone
else from the Liabilities, either in whole or in part, or release the
Collateral, and need not perfect a security interest in the Collateral. The
Bank does not have to exercise any rights that it has against the Borrower or
anyone else, or make any effort to realize on the Collateral or any other collateral
for the Liabilities, or exercise any right of set-off. The Guarantor authorizes
the Bank, without notice or demand and without affecting the Guarantor’s
obligations hereunder, from time to time, to: (a) renew, modify, compromise,
rearrange, restate, consolidate, extend, accelerate, postpone, grant any
indulgence or otherwise change the time for payment of, or otherwise change the
terms of the Liabilities or any part thereof, including increasing or
decreasing the rate of interest thereon; (b) release, substitute or add any one
or more endorsers, sureties, Guarantor or other guarantors; (c) take and hold
Collateral for the payment of this Guaranty or the Liabilities, and enforce,
exchange, impair, substitute, subordinate, waive or release any Liabilities or
any Collateral for the Liabilities; (d) proceed against such Collateral and
direct the order or manner of sale of such Collateral as the Bank in its
discretion may determine; (e) apply any and all payments from the Borrower, the
Guarantor or any other obligor on the Liabilities, or recoveries from such
Collateral, in such order or manner as the Bank in its discretion may
determine; and (f) to accept any partial payment of Liabilities or collateral
for the Liabilities. The Guarantor’s obligations under this Guaranty shall not
be released, diminished or affected by (i) any act or omission of the Bank,
(ii) the voluntary or involuntary liquidation, sale or other disposition of all
or substantially all of the assets of the Borrower, or any receivership, insolvency,
bankruptcy, reorganization, or other similar proceedings affecting the
Borrower, any other obligor or any of their respective assets, (iii) any change
in the composition or structure of the Borrower, the Guarantor or any other
obligor on the Liabilities, including a merger or consolidation with any other
person or entity, or (iv) any payments made upon the Liabilities. The Guarantor
hereby expressly consents to any impairment of Collateral, including, but not
limited to, failure to perfect a security interest and release Collateral and
any such impairment or release shall not affect the Guarantor’s obligations
hereunder.

2

Nature of Guaranty.
This Guaranty is an absolute guaranty of payment and performance and not of
collection. Therefore, the Bank may insist that the Guarantor pay immediately,
and the Bank is not required to attempt to collect first from the Borrower, the
Collateral, or any other person liable for the Liabilities. The obligation of
the Guarantor shall be unconditional and absolute even if all or any part of
any agreement between the Bank and the Borrower is unenforceable, void,
voidable or illegal or uncollectible due to incapacity, lack of power or
authority, discharge or for any reason whatsoever, and regardless of the existence
of any defense, setoff, discharge or counterclaim (in any case, whether based
on contract, tort or any other theory) which the Borrower may assert. If the
Borrower is a corporation, limited liability company, partnership or trust, it
is not necessary for the Bank to inquire into the powers of the Borrower or the
officers, directors, members, managers, partners, trustees or agents acting or
purporting to act on its behalf, and any of the Liabilities made or created in
reliance upon the professed exercise of such powers shall be guaranteed
hereunder. Without limiting the foregoing, the Guarantor’s liability is
absolute and unconditional irrespective of and shall not be released,
diminished or affected by: (a) any present or future law, regulation or order of
any jurisdiction (whether of right or in fact) or of any agency thereof
purporting to reduce, amend, restructure, render unenforceable or otherwise
affect any term of any Liabilities; or (b) any war, riot or revolution
impacting multinational companies or any act of expropriation, nationalization
or currency inconvertibility or nontransferability arising from governmental,
legislative or executive measures affecting any obligor or the property of any
obligor on the Liabilities.

Other Guarantors. If
there is more than one Guarantor, the obligations under this Guaranty are joint
and several. In addition, each Guarantor under this Guaranty shall be jointly
and severally liable with any other guarantor of the Liabilities. If the Bank
elects to enforce its rights against fewer than all guarantors of the
Liabilities, that election does not release the Guarantor from its obligations
under this Guaranty. The compromise or release of any of the obligations of any
of the other guarantors or the Borrower shall not serve to impair, waive, alter
or release the Guarantor’s obligations.

Rights of Subrogation.
The Guarantor waives and agrees not to enforce any rights of subrogation,
contribution or indemnification that it may have against the Borrower, any
person liable on the Liabilities, or the Collateral, until the Borrower and the
Guarantor have fully performed all their obligations to the Bank, even if those
obligations are not covered by this Guaranty.

Waivers. The
Guarantor waives (a) to the extent not prohibited by applicable law, all rights
and benefits under any laws or statutes regarding sureties, as may be amended,
and (b) any right the Guarantor may have to receive notice of the following
matters before the Bank enforces any of its rights: (i) the Bank’s acceptance
of this Guaranty, (ii) incurrence or acquisition of any Liabilities, any credit
that the Bank extends to the Borrower, Collateral received or delivered,
default by any party to any agreement related to the Liabilities or other
action taken in reliance on this Guaranty, and all notices and other demands of
any description, (iii) diligence and promptness in preserving liability against
any obligor on the Liabilities, and in collecting or bringing suit to collect
the Liabilities from any obligor on the Liabilities or to pursue any remedy in
the Bank’s power to pursue; (iv) notice of extensions, renewals, modifications,
rearrangements, restatements and substitutions of the Liabilities or any
Collateral for the Liabilities; (v) notice of failure to pay any of the
Liabilities as they mature, any other default, adverse change in the financial
condition of any obligor on the Liabilities, release or substitution of any
Collateral, subordination of the Bank’s rights in any Collateral, and every
other notice of every kind that may lawfully be waived; (vi) the Borrower’s
default, (vii) any demand, diligence, presentment, dishonor and protest, or
(viii) any action that the Bank takes regarding the Borrower, anyone else, the
Collateral, or any of the Liabilities, which it might be entitled to by law or
under any other agreement, (c) any right it may have to require the Bank to
proceed against the Borrower, any other obligor or guarantor of the
Liabilities, or the Collateral for the Liabilities or the Guarantor’s obligations
under this Guaranty, or pursue any remedy in the Bank’s power to pursue, (d)
any defense based on any claim that the Guarantor’s obligations exceed or are
more burdensome than those of the Borrower, (e) the benefit of any statute of
limitations affecting the Guarantor’s obligations hereunder or the enforcement
hereof, (f) any defense arising by reason of any disability or other defense of
the Borrower or by reason of the cessation from any cause whatsoever (other
than payment in full) of the obligation of the Borrower for the Liabilities,  and (g) any defense based on or arising
out of any defense that the Borrower may have to the payment or performance of
the Liabilities or any portion thereof. The Bank may waive or delay enforcing
any of its rights without losing them. Any waiver affects only the specific
terms and time period stated in the waiver. No modification or waiver of this
Guaranty is effective unless it is in writing and signed by the party against
whom it is being enforced.

Cooperation. The Guarantor
agrees to fully cooperate with the Bank and not to delay, impede or otherwise
interfere with the efforts of the Bank to secure payment from the assets which
secure the Liabilities including actions, proceedings, motions, orders,
agreements or other matters relating to relief from automatic stay, abandonment
of property, use of cash collateral and sale of the Bank’s collateral free and
clear of all liens. 

Reinstatement. The
Guarantor agrees that to the extent any payment or transfer is received by the
Bank in connection with the Liabilities, and all or any part of the payment or
transfer is subsequently invalidated, declared to be fraudulent or
preferential, set aside or required to be transferred or repaid by the Bank or transferred or paid over to a
trustee, receiver or any other entity, whether under any bankruptcy act or
otherwise (any of those payments or transfers is hereinafter referred to as a
“Preferential Payment”), then this Guaranty shall continue to be effective or
shall be reinstated, as the case may be, and whether or not the Bank is in
possession of this Guaranty, or whether the Guaranty has been marked paid,
released or canceled, or returned to the Guarantor and, to the extent of the
payment, repayment or other transfer by the
Bank, the Liabilities or part intended to be satisfied by the
Preferential Payment shall be revived and continued in full force and effect as
if the Preferential Payment had not been made.

Information. The
Guarantor assumes all responsibility for being and keeping itself informed of
the Borrower’s financial condition and assets, and of all other circumstances
bearing upon the risk of nonpayment of the Liabilities and the nature, scope
and extent of the risks that the Guarantor assumes and incurs under this Guaranty,
and agrees that the Bank does not have any duty to advise the Guarantor of
information known to it regarding those circumstances or risks.

3

Financial Information.
The Guarantor further agrees that the Guarantor shall provide to the Bank the
financial statements and other information relating to the financial condition,
properties and affairs of the Guarantor as the Bank requests from time to time.

Severability. The
provisions of this Guaranty are severable, and in any action or proceeding
involving any state corporate law, or any state, federal or foreign bankruptcy,
insolvency, reorganization or other law affecting the rights of creditors
generally, if the obligations of the Guarantor under this Guaranty would
otherwise be held or determined to be avoidable, invalid or unenforceable on
account of the amount of the Guarantor’s liability under this Guaranty, then,
notwithstanding any other provision of this Guaranty to the contrary, the
amount of such liability shall, without any further action by the Guarantor or
the Bank, be automatically limited and reduced to the highest amount that is
valid and enforceable as determined in such action or proceeding.

Representations and Warranties by Guarantor. The
Guarantor represents and warrants that the following statements are true and
will remain true until termination of this Guaranty and payment in full of all
Liabilities: (a) the execution and delivery of this Guaranty and the
performance of the obligations it imposes do not violate any law, do not
conflict with any agreement by which it is bound, or require the consent or
approval of any governmental authority or any third party; (b) this Guaranty is
a valid and binding agreement, enforceable according to its terms; (c) all
balance sheets, profit and loss statements, and other financial statements
furnished to the Bank in connection with the Liabilities are accurate and
fairly reflect the financial condition of the organizations and persons to
which they apply on their effective dates, including contingent liabilities of
every type, which financial condition has not changed materially and adversely
since those dates; (d) the Guarantor has filed all federal and state tax
returns that are required to be filed, has paid all due and payable taxes and
assessments against the property and income of the Guarantor and all payroll,
excise and other taxes required to be collected and held in trust by the
Guarantor for any governmental authority; (e) the Guarantor has determined that
this Guaranty will benefit the Guarantor directly or indirectly; (f) the
Guarantor has (i) without reliance on the Bank or any information received from
the Bank and based upon the records and information the Guarantor deems
appropriate, made an independent investigation of the Borrower, the Borrower’s
business, assets, operations, prospects and condition, financial or otherwise,
and any circumstances that may bear upon those transactions, the Borrower or
the obligations, liabilities and risks undertaken in this Guaranty with respect
to the Liabilities; (ii) adequate means to obtain from the Borrower on a
continuing basis information concerning the Borrower and the Bank has no duty to
provide any information concerning the Borrower or any other obligor to the Guarantor; (iii) full and complete
access to the Borrower and any and all records relating to any Liabilities now
and in the future owing by the Borrower; (iv) not relied and will not rely upon
any representations or warranties of the Bank not embodied in this Guaranty or
any acts taken by the Bank prior to and after execution or other authentication
and delivery of this Guaranty (including
but not limited to any review by the Bank of the business, assets, operations,
prospects and condition, financial or otherwise, of the Borrower); and (v) determined that the Guarantor will
receive benefit, directly or indirectly, and has or will receive fair and
reasonably equivalent value for, the execution and delivery of this Guaranty;
(g) by entering into this Guaranty, the Guarantor does not intend to incur or
believe that the Guarantor will incur debts that would be beyond the
Guarantor’s ability to pay as those debts mature; (h) the execution and
delivery of this Guaranty are not intended to hinder, delay or defraud any
creditor of the Guarantor; and (i) the Guarantor is neither engaged in nor
about to engage in any business or transaction for which the remaining assets
of the Guarantor are unreasonably small in relation to the business or
transaction, and any property remaining with the Guarantor after the execution
or other authentication of this Guaranty is not unreasonably small capital.
Each Guarantor, other than a natural person, further represents that: (1) it is duly organized, validly existing and in
good standing under the laws of the state where it is organized and in good
standing in each state where it is doing business; and (2) the execution
and delivery of this Guaranty and the performance of the obligations it imposes
(A) are within its powers and have been duly authorized by all necessary action
of its governing body, and (B) do not contravene the terms of its articles of
incorporation or organization, its by-laws, or any agreement or document
governing its affairs.

Notice. Except as
otherwise provided in this Guaranty, any notices and demands under or related
to this document shall be in writing and delivered to the intended party at its
address stated herein, and if to the Bank, at its main office if no other
address of the Bank is specified herein, by one of the following means: (a) by
hand, (b) by a nationally recognized overnight courier service, or (c) by
certified mail, postage prepaid, with return receipt requested. Notice shall be
deemed given: (i) upon receipt if delivered by hand, (ii) on the Delivery Day
after the day of deposit with a nationally recognized courier service, or (iii)
on the third Delivery Day after the notice is deposited in the mail. “Delivery
Day” means a day other than a Saturday, a Sunday, or any other day on which
national banking associations are authorized to be closed. Any party may change
its address for purposes of the receipt of notices and demands by giving notice
of such change in the manner provided in this provision. Notice of
terminations, as provided above, will not be deemed received until actually received
by the Manager of Commercial Loan Documentation Division, KY1-4340, P.O. Box
33035, Louisville, KY 40232-3035, Attn: Manager of Commercial Loan
Documentation Division under written receipt and shall be effective at the
opening of the Bank for business on the third Delivery Day after receipt of the
notice.

Governing Law and Venue.
This agreement shall be governed by and construed in accordance with the laws
of the State of New Jersey (without giving effect to its laws of conflicts).
The Guarantor agrees that any legal action or proceeding with respect to any of
its obligations under this agreement may be brought by the Bank in any state or
federal court located in the State of New Jersey, as the Bank in its sole
discretion may elect. By the execution and delivery of this agreement, the
Guarantor submits to and accepts, for itself and in respect of its property,
generally and unconditionally, the non-exclusive jurisdiction of those courts.
The Guarantor waives any claim that the State of New Jersey is not a convenient
forum or the proper venue for any such suit, action or proceeding. 

4

Miscellaneous. The
Guarantor’s liability under this Guaranty is independent of its liability under
any other guaranty previously or subsequently executed by the Guarantor or any
one of them, singularly or together with others, as to all or any part of the
Liabilities, and may be enforced for the full amount of this Guaranty
regardless of the Guarantor’s liability under any other guaranty. This Guaranty
binds the Guarantor’s heirs, successors and assigns, and benefits the Bank and
its successors and assigns. The Bank may assign this Guaranty in whole or in
part without notice. The Guarantor agrees that the Bank may provide any
information or knowledge the Bank may have about the Guarantor or about any
matter relating to this Guaranty to JPMorgan
Chase & Co., or any of its subsidiaries or affiliates or their
successors, or to one or more purchasers or potential purchasers of this
Guaranty or the Liabilities guaranteed hereby. The use of headings does not
limit the provisions of this Guaranty.

WAIVER OF SPECIAL DAMAGES.
THE GUARANTOR WAIVES, TO THE MAXIMUM
EXTENT NOT PROHIBITED BY LAW, ANY RIGHT THE UNDERSIGNED MAY HAVE TO CLAIM OR
RECOVER FROM THE BANK IN ANY LEGAL ACTION OR PROCEEDING ANY SPECIAL, EXEMPLARY,
PUNITIVE OR CONSEQUENTIAL DAMAGES. 

JURY WAIVER. THE
GUARANTOR AND THE BANK (BY ITS ACCEPTANCE HEREOF) HEREBY VOLUNTARILY,
KNOWINGLY, IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT TO HAVE A JURY
PARTICIPATE IN RESOLVING ANY DISPUTE (WHETHER BASED ON CONTRACT, TORT, OR
OTHERWISE) BETWEEN THE GUARANTOR AND THE BANK ARISING OUT OF OR IN ANY WAY
RELATED TO THIS DOCUMENT. THIS PROVISION IS A MATERIAL INDUCEMENT TO THE BANK
TO PROVIDE THE FINANCING DESCRIBED HEREIN. 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Guarantor:

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Address:

 	
 2711 Centerville Road, Ste. 400 

 	
 BOS-Supply
 Chain Solutions (Lynk), Inc.

 
	
  

 	
 Wilmington, DE 19808

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Printed Name

 	
 Title

 

	
  

 	
  

 	
  

 
	
  

 	
 Date Signed:

 	
  

 
	
  

 	
  

 	

 

 

5

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