LOAN AGREEMENTSecurity Agreement • April 3rd, 2014 • Oak Ridge Energy Technologies, Inc. • Miscellaneous electrical machinery, equipment & supplies • Florida
THIS LOAN AGREEMENT (this “Agreement”) made and entered into as of the day of February 24, 2014, ( the “Effective Date”) by and between OAK RIDGE ENERGY TECHNOLOGIES, INC., a Colorado corporation (“Oak Ridge”), and EXPEDIA HOLDINGS LIMITED, a corporation organized under the laws of Hong Kong (“Expedia”) (with each a “Party” or both “Parties” herein).
INTELLECTUAL PROPERTY SECURITY AGREEMENTIntellectual Property Security Agreement • April 3rd, 2014 • Oak Ridge Energy Technologies, Inc. • Miscellaneous electrical machinery, equipment & supplies • Florida
THIS INTELLECTUAL PROPERTY SECURITY AGREEMENT (as amended, amended and restated, supplemented or otherwise modified from time to time, the “IP SECURITY AGREEMENT”) , dated as of this 24 day of February, 2014, is made by and between Oak Ridge Micro-Energy, Inc., a Nevada corporation (the “Debtor”), with an address at 3046 E. Brighton Place, Salt Lake City, Utah 84121; and Expedia Holdings Limited, a corporation organized under the laws of Hong Kong (the “Secured Party”), with an address at 801 Pacific House, 20 Queen’s Road Central, Hong Kong.
