SECURITY AGREEMENT: SECURITIES ACCOUNTSecurity Agreement • September 3rd, 2020 • Communications Systems Inc • Telephone & telegraph apparatus • Minnesota
This Agreement amends and restates in its entirety, and is given as a replacement for, and not in satisfaction of or as a novation with respect to, that certain Amended and Restated Security Agreement dated as of August 12, 2016 among Debtor, JDL Technologies, Incorporated, Suttle, Inc., Transition Networks, Inc. and Bank (as amended to date, the “Original Security Agreement”). It is the intent of the parties hereto that the security interests and liens granted in any collateral under and pursuant to the Original Security Agreement shall continue in full force and effect to the extent set forth herein.
CREDIT AGREEMENTCredit Agreement • September 3rd, 2020 • Communications Systems Inc • Telephone & telegraph apparatus • Minnesota
THIS CREDIT AGREEMENT (this “Agreement”) dated August 28, 2020, is by and between COMMUNICATIONS SYSTEMS, INC., a Minnesota corporation (“Borrower”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”).
CONTINUING GUARANTYCommunications Systems Inc • September 3rd, 2020 • Telephone & telegraph apparatus • Minnesota
