Cash Collateral Deposit AgreementCash Collateral Agreement |
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C2 GLOBAL TECHNOLOGIES INC | Laurus Master Fund, Ltd.. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Exhibit 10.7
C2 GLOBAL TECHNOLOGIES INC.
8813 Ridge Road
Bethesda, Maryland 20817
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September 30, 2005 |
Laurus Master Fund, Ltd.
c/o Laurus Capital Management, LLC
825 Third Avenue
New York, New York 10022
Re: Cash Collateral Deposit Agreement
Gentlemen:
Reference is made to the Amended and Restated Master Security Agreement dated as of October 14, 2004 and amended and restated as of the date hereof, as the same may be further amended, modified, supplemented and restated from time to time (the “Security Agreement”) by and among C2 Global Technologies, Inc. (f/k/a Acceris Communications, Inc.), a Florida corporation (“C2 Global”), C2 Communications Technologies, Inc., a Delaware corporation (“C2 Communications”), WebtoTel Inc., a Delaware corporation (“WebtoTel”), CPT-1 Holdings, Inc., a Delaware corporation (“CPT-1”), Mibridge, Inc., a Utah corproration (“Mibridge”), Acceris Communications Corp., a Delaware corporation (“Acceris”) (each a “Company” and collectively the “Companies”) and Laurus Master Fund, Ltd. (“Laurus”). All capitalized terms used herein which are not defined shall have the meanings given to them in the Security Agreement.
In consideration of Laurus’ agreeme
