GUARANTYGuaranty • September 2nd, 2010 • Digital Angel Corp • Communications equipment, nec
THIS GUARANTY (this “Guaranty”) is made as of August 31, 2010 by C-SCAN, LLC, a Minnesota limited liability company (the “Guarantor”), to and for the benefit of TCI BUSINESS CAPITAL, INC., a Minnesota corporation (“Lender”).
INTELLECTUAL PROPERTY SECURITY AGREEMENTIntellectual Property Security Agreement • September 2nd, 2010 • Digital Angel Corp • Communications equipment, nec
THIS INTELLECTUAL PROPERTY SECURITY AGREEMENT (the “Agreement”), dated as of August 31, 2010, is made by each of DESTRON FEARING CORPORATION, a Delaware corporation (“DFC”), DIGITAL ANGEL CORPORATION, a Delaware corporation (“DOC”), DIGITAL ANGEL TECHNOLOGY CORPORATION, a Minnesota corporation (“DATC”), FEARING MANUFACTURING CO., INC., a Minnesota corporation (“FMC”), and GT ACQUISITION SUB, INC., a Minnesota corporation (“GTAS” and together with DFC, DOC, DATC and FMC, collectively referred to as the “Grantors” and each, a “Grantor”), in favor of TCI BUSINESS CAPITAL, INC., a Minnesota corporation (“Lender”).
MEMBERSHIP INTEREST PLEDGE AGREEMENTMembership Interest Pledge Agreement • September 2nd, 2010 • Digital Angel Corp • Communications equipment, nec • Minnesota
THIS MEMBERSHIP INTEREST PLEDGE AGREEMENT (this “Agreement”), dated as of August 31, 2010, is by and between GT ACQUISITION SUB, INC., a Minnesota corporation (“Pledgor”) and TCI BUSINESS CAPITAL, INC., a Minnesota corporation (“Lender”).
PLEDGE AGREEMENTPledge Agreement • September 2nd, 2010 • Digital Angel Corp • Communications equipment, nec • Minnesota
THIS PLEDGE AGREEMENT (this “Agreement”), dated as of August 31, 2010, is by and between DESTRON FEARING CORPORATION, a Delaware corporation (“Pledgor”) and TCI BUSINESS CAPITAL, INC., a Minnesota corporation (“Lender”).
PLEDGE AGREEMENTPledge Agreement • September 2nd, 2010 • Digital Angel Corp • Communications equipment, nec • Minnesota
THIS PLEDGE AGREEMENT (this “Agreement”), dated as of August 31, 2010, is by and between DIGITAL ANGEL TECHNOLOGY CORPORATION, a Minnesota corporation (“Pledgor”) and TCI BUSINESS CAPITAL, INC., a Minnesota corporation (“Lender”).
CREDIT AND SECURITY AGREEMENTCredit and Security Agreement • September 2nd, 2010 • Digital Angel Corp • Communications equipment, nec • Minnesota
VALIDITY GUARANTY AGREEMENT (Individual)Validity Guaranty Agreement • September 2nd, 2010 • Digital Angel Corp • Communications equipment, nec • Minnesota
In order to induce TCI BUSINESS CAPITAL, INC., a Minnesota corporation (hereinafter called “TCI”) to enter into a certain Credit and Security Agreement (hereinafter called “Credit Agreement”) effective as of the date hereof with DESTRON FEARING CORPORATION, a Delaware corporation (hereinafter called “Client”) and/or to continue under and at the same time to refrain from terminating TCI’s present Credit Agreement with the Client, and in consideration of TCI’s so doing and/or in consideration of any fundings, advances, payments, extensions of credit, benefits or financial accommodations heretofore or hereafter made, granted or extended by TCI or which TCI has or will make, grant or extend to or for the account of the Client whether under the Credit Agreement or otherwise, and/or in consideration of any obligation heretofore or hereafter incurred by the Client to TCI whether under the Credit Agreement or otherwise, and for other good and valuable consideration, the nature and receipt of w
REVOLVING NOTERevolving Note • September 2nd, 2010 • Digital Angel Corp • Communications equipment, nec
This Revolving Note is the Revolving Note referenced in the Credit Agreement, and is subject to the terms of the Credit Agreement, which provides, among other things, for acceleration hereof. Principal and interest due hereunder shall be payable as provided in the Credit Agreement, and this Revolving Note may be prepaid only in accordance with the terms of the Credit Agreement. This Revolving Note is secured, among other things, pursuant to the Credit Agreement and the Security Documents as therein defined, and may now or hereafter be secured by one or more other security agreements, assignments or other instruments or agreements.
