EX-10.2
from 8-K
17 pages
Security Agreement This Security Agreement, Dated as of December 9, 2009 (This “Agreement”) Made by Rival Technologies, Inc., a Nevada Corporation (The “Debtor”) and Epsom Investment Services NV, a Nevis Corporation (The “Secured Party”). Whereas, on Even Date Herewith, the Debtor, as the “Maker”) Has Executed and Delivered to the Secured Party, as the “Payee,” That Certain Senior Secured Convertible Note in the Original Principal Amount of $659,441.62 (The “Note”); and Whereas, the Note Is in Renewal and Extension of Those Certain Promissory Notes Executed by the Debtor in Favor of the Secured Party in the Amount of $500,000 on August 1, 2007 and $100,000 on June 30, 2009, Respectively; and Whereas, All Capitalized Terms Used Herein Shall Have the Same Meanings Ascribed to Those Terms as Defined in the Note, Unless the Context Provides Otherwise; And
12/34/56