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EXHIBIT 10.03
REIMBURSEMENT AND SECURITY AGREEMENT
The undersigned companies (individually, a "Company" and
collectively, the "Companies") jointly and severally unconditionally agree to
pay C2000 AG ("C2000"), immediately and without demand, any amounts that C2000
may pay, from time to time, on account of guaranties or other assurances of
payment that C2000 enters into for the benefit of any of the Companies.
To secure this reimbursement obligation, each of the Companies
grants C2000 a security interest in the following property of each Company, now
owned or hereafter acquired: inventory, accounts, equipment, general
intangibles, securities (including all capital stock of subsidiaries), deposit
accounts and the proceeds thereof. The Companies will execute and deliver such
financing statements, and take such other actions, as C2000 requests to perfect
these security interests. The Companies agree to negotiate in good faith with
C2000 to put in place an Amended and Restated Reimbursement and Security
Agreement within a reasonable period after the date hereof, which agreement will
contain covenants and other terms typically included in secured credit
facilities entered into with third parties and consistent with the discussion
between AmeriQuest Technologies, Inc. and C2000.
This Agreement shall be governed by the internal laws of the State
of California. This Agreement may be executed in two or more counterparts, each
of which shall constitute one instrument.
IN WITNESS WHEREOF the undersigned have executed this Agreement as
of December 20, 1995.
COMPUTER 2000 AG
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
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Title: Co-President
AMERIQUEST TECHNOLOGIES, INC.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
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Title: President
AMERIQUEST NCD INC.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
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Title: President
2
ROBEC, INC.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
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Title: President
AMERIQUEST / KENFIL, INC.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
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Title: President
KENFIL DISTRIBUTION (FAR EAST) LTD.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
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Title: President
KENFIL DISTRIBUTION (M) SDN.BHD
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
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Title: President
CDS DISTRIBUTION INC.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
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Title: President
CMS ENHANCEMENTS INC.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
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Title: President
CMS ENHANCEMENT SYSTEMS, INC.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
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Title: President
ANYBUS TECHNOLOGY CORPORATION
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
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Title: President
CMS ENHANCEMENTS (AUST.) PTY LTD.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
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Title: President