REVOLVING CREDIT NOTERevolving Credit Note • January 30th, 2012 • WPCS International Inc • Communications services, nec
FOR VALUE RECEIVED and intending to be legally bound, the undersigned, WPCS International Incorporated, a Delaware corporation ("WPCS"), WPCS International – Suisun City, Inc., a California corporation (“WPCS Suisun City”), WPCS International – Seattle, Inc., a Washington corporation (“WPCS Seattle”), WPCS International – Portland, Inc., an Oregon corporation (“WPCS Portland”), WPCS International – Hartford, Inc., a Connecticut corporation (“WPCS Hartford”), WPCS International – Lakewood, Inc., a New Jersey corporation (“WPCS Lakewood”), and WPCS International – Trenton, Inc., a New Jersey corporation (“WPCS Trenton,” and collectively with WPCS, WPCS Suisun City, WPCS Seattle, WPCS Portland, WPCS Hartford and WPCS Lakewood, the “Borrowers”, and each a “Borrower”), jointly and severally promise to pay, in lawful money of the United States of America, to the order of Sovereign Bank, N.A., a national banking association (“Lender”), at the address set forth in Section 9.8 of the Loan Agree
COLLATERAL PLEDGE AGREEMENTCollateral Pledge Agreement • January 30th, 2012 • WPCS International Inc • Communications services, nec • Pennsylvania
This Collateral Pledge Agreement (“Agreement”), dated as of January 27, 2012, is made by WPCS International Incorporated, a Delaware corporation (“Pledgor”), in favor of Sovereign Bank, N.A. a national banking association (“Secured Party”).
LOAN AND SECURITY AGREEMENT WPCS INTERNATIONAL INCORPORATED WPCS INTERNATIONAL – SUISUN CITY, INC. WPCS INTERNATIONAL – SEATTLE, INC. WPCS INTERNATIONAL – PORTLAND, INC. WPCS INTERNATIONAL – HARTFORD, INC. WPCS INTERNATIONAL – LAKEWOOD, INC. WPCS...Loan and Security Agreement • January 30th, 2012 • WPCS International Inc • Communications services, nec • Pennsylvania
This Loan and Security Agreement ("Agreement") is dated this 27th day of January, 2012, by and among WPCS International Incorporated, a Delaware corporation ("WPCS"), WPCS International – Suisun City, Inc., a California corporation (“WPCS Suisun City”), WPCS International – Seattle, Inc., a Washington corporation (“WPCS Seattle”), WPCS International – Portland, Inc., an Oregon corporation (“WPCS Portland”), WPCS International – Hartford, Inc., a Connecticut corporation (“WPCS Hartford”), WPCS International – Lakewood, Inc., a New Jersey corporation (“WPCS Lakewood”), and WPCS International – Trenton, Inc., a New Jersey corporation (“WPCS Trenton,” and collectively with WPCS, WPCS Suisun City, WPCS Seattle, WPCS Portland, WPCS Hartford and WPCS Lakewood, the “Borrower”) and Sovereign Bank, N.A., a national banking association ("Lender").
