SILICON VALLEY BANK LOAN AND SECURITY AGREEMENTLoan and Security Agreement • March 20th, 2008 • Global Telecom & Technology, Inc. • Telephone communications (no radiotelephone) • Virginia
This LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as of March 17, 2008, between SILICON VALLEY BANK, a California chartered bank, with its principal place of business at 3003 Tasman Drive, Santa Clara, California 95054 (FAX (408) 980-6410) (“Bank”) and GLOBAL TELECOM & TECHNOLOGY, INC., a Delaware corporation (“GTTI”) and GLOBAL TELECOM & TECHNOLOGY AMERICAS, INC., a Virginia corporation (“GTTA” and together with GTTI, each a “Borrower” and collectively, the “Borrowers”) each with offices at 8484 Westpark Drive, Suite 720, McLean, VA 22102 (Fax (703) 442-5501), provides the terms on which Bank shall lend to Borrowers and Borrowers shall repay Bank. The parties agree as follows:
