CONSENT TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • March 10th, 2016 • Lawson Products Inc/New/De/ • Wholesale-machinery, equipment & supplies • Illinois
THIS CONSENT TO LOAN AND SECURITY AGREEMENT (this “Consent”) is entered into as of this 7th day of March, 2016 by and among THE PRIVATEBANK AND TRUST COMPANY (“Lender”), LAWSON PRODUCTS, INC., a Delaware corporation (“Lawson Products Delaware”), LAWSON PRODUCTS, INC., an Illinois corporation (“Lawson Products Illinois”), BARON DIVESTITURE COMPANY, an Illinois corporation (“Baron Divestiture”), and SANDALWOOD DIVESTITURE COMPANY, INC., an Alabama corporation (“Sandalwood Divestiture”; Lawson Products Delaware, Lawson Products Illinois, Baron Divestiture and Sandalwood Divestiture are individually referred to herein each as a “Borrower” and collectively as “Borrowers”).
