LOAN AND SECURITY AGREEMENTLoan and Security Agreement • January 7th, 2010 • Telecommunication Systems Inc /Fa/ • Services-prepackaged software
THIS LOAN AND SECURITY AGREEMENT (this “Agreement”), dated as of December 31, 2009 (the “Effective Date”) by and among (a) SILICON VALLEY BANK, a California corporation, with its principal place of business at 3003 Tasman Drive, Santa Clara, California 95054 and with a loan production office located at One Newton Executive Park, Suite 200, 2221 Washington Street, Newton, Massachusetts 02462, as administrative agent and collateral agent (collectively, in such capacities, “Agent”) and as Issuing Lender (as defined herein), (b) the several banks and other financial institutions or entities from time to time parties to this Agreement (“Lenders”), and (c) TELECOMMUNICATION SYSTEMS, INC., a Maryland corporation (“TCS”), LONGHORN ACQUISITION, LLC, a Maryland limited liability company (“Longhorn”), SOLVERN INNOVATIONS, INC., a Maryland corporation (“Solvern”), QUASAR ACQUISITION, LLC, a Maryland limited liability company (“Quasar”), and NETWORKS IN MOTION, INC., a Delaware corporation (“NIM”,
