SECURED PROMISSORY NOTESecurity Agreement • June 25th, 2015 • SPIRE Corp • Semiconductors & related devices • Massachusetts
This Secured Promissory Note (this “Note”) is secured by that certain Security Agreement, dated June 1, 2015 (the “Security Agreement”), between Borrower and Lender, the provisions of which are an integral part hereof and which are incorporated herein by reference and made a part of the terms hereof.
SECURITY AGREEMENTSecurity Agreement • June 25th, 2015 • SPIRE Corp • Semiconductors & related devices • Massachusetts
Spire Corporation, a Massachusetts corporation, having a principal place of business at One Patriots Park, Bedford, MA 01730 (“Borrower”), for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby grants to Roger G. Little, an individual with a notice address of c/o Blouin & Company, Inc., 2020 Commonwealth Ave. Suite 200, Newton, MA 02466 (“Lender”), a first lien and security interest in all of Borrower’s right, title and interest in and to the Collateral, as hereinafter defined, as security for the payment and performance of any and all liabilities and obligations of Borrower to Lender pursuant to a certain Secured Promissory Note dated the date hereof in the principal amount of $250,000 (the “Note”). The liabilities and obligations so secured are hereafter referred to as “Obligations”.
