On January 31, 2005, WyTech Sales, Inc. (the “Borrower”) entered into an agreement with Nuttall Systems & Technology Transfer, Inc. (“NSTT”) under which all of the Borrower’s accounts receivable (“Receivables”) of which you are the obligor have been pledged to NSTT. The Borrower has established a lockbox (the “Lockbox”) for collection of Receivables. Accordingly, you are hereby instructed to remit all payments of Receivables of which you are, or have been, the obligor to:
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This letter contains instructions for you to begin paying any accounts you owe WyTech Sales, Inc. to Nuttall Systems & Technology Transfer, Inc.
On January 31, 2005, WyTech Sales, Inc., the borrower, agreed with Nuttall Systems & Technology Transfer, Inc. to give Nuttal all its accounts receivable as collateral. You are the payer on some of these accounts. From now on, pay those accounts to a lockbox the borrower has established here:
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