LOAN AND SECURITY AGREEMENTLoan and Security Agreement • September 16th, 2021 • Asure Software Inc • Services-computer integrated systems design
This Loan and Security Agreement (this “Agreement”) is entered into as of September 10, 2021 (the “Closing Date”), by and among Structural Capital Investments III, LP, a Delaware limited partnership (“SCI”, and together with any other lenders now or hereafter a party hereto, collectively, “Lenders” and each a “Lender”), Ocean II PLO LLC, a California limited liability company, as administrative and collateral agent for Lenders (“Agent”) and Asure Software, Inc., a Delaware corporation (“Borrower”).
Secured Term Promissory NoteSecured Term Promissory Note • September 16th, 2021 • Asure Software Inc • Services-computer integrated systems design
THIS SECURED TERM PROMISSORY NOTE (this “Note”) is made as of September 10, 2021 (the “Effective Date”) by ASURE SOFTWARE, INC., a Delaware Corporation (“Borrower”) in favor of OCEAN II PLO LLC, a California limited liability company, as administrative and collateral agent for Lenders (collectively with its assigns, participants and successors “Agent”). Initially capitalized terms used and not otherwise defined herein are defined in that certain Loan and Security Agreement of even date herewith, by and among Borrower, Agent and the Lenders party thereto (as the same may be amended, modified or supplemented from time to time, the “Loan Agreement”).
