Borrower: TeleSpan, Inc.
6000 Northwest Pkwy., Suite 110
San Antonio, TX 78249
Principal Amount: $100,000.00
Date of Note: November 15, 2001
Maturity: January 31, 2002
THIS SECURITY AGREEMENT is entered into between ATSI Communications, Inc. (referred to below
as “Grantor”); and GlobalSCAPE, Inc. (referred to below as “Lender”). For valuable consideration, Grantor
grants to Lender a security interest in the Collateral to secure the Indebtedness and agrees that Lender shall have
the rights stated in this Agreement with respect to the Collateral, in addition to all other rights which Lender may
have by law.
DEFINITIONS . The following words shall have the following meanings when used in this Agreement. Terms
not otherwise defined in this Agreement shall have the meanings attributed to such terms in the Uniform
Commercial Code. All references to dollar amounts shall mean amounts in lawful money of the United States of
Agreement . The word “Agreement” means this Security Agreement, as this Security Agreement may be
amended or modified from time to time, together with all exhibits and schedules attached to this Security
Agreement from time to time.
Collateral . The word “Collateral” means the following described property of Grantor, whether now owned or
hereafter acquired, whether now existing or hereafter arising, and wherever located:
Grantor’s Accounts, as that definition may be amended from time to time, under that Carrier Service
Agreement for International Terminating Traffic dated November 25, 1998 between Grantor and Qwest
In addition, the word “Collateral” includes all the following, whether now owned or hereafter acquired, whether
now existing or hereafter arising, and wherever located:
(a) All attachments, accessions, accessories, tools, parts, supplies, increases, and additions to and all