SECURITY AGREEMENTSecurity Agreement • December 5th, 2008 • Digitiliti Inc • Computer storage devices • Minnesota
This Security Agreement (the “Agreement”) is entered into by and among Digitiliti, Inc., a Delaware corporation (“Debtor”), and Digitiliti, Inc., a Minnesota corporation (“Digitiliti Minnesota”), in favor of Jonathan S. Miner and Pamela J. Miner (collectively, “Secured Parties”).
WARRANTWarrant Agreement • December 5th, 2008 • Digitiliti Inc • Computer storage devices • Delaware
THIS WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO DIGITILITI, INC. THAT SUCH REGISTRATION IS NOT REQUIRED.
