TERM LOAN NOTE FOR WORKING CAPITALTerm Loan Note • March 27th, 2018 • Cartesian, Inc. • Services-management consulting services
This Term Loan Note for Working Capital of Borrower (this "Working Capital Note") is being issued pursuant to Section 8.11(a) of that certain Agreement and Plan of Merger, among Borrower, Cartesian Holdings, LLC and Cartesian Holdings, Inc., dated the date hereof (the "Merger Agreement"). Initially capitalized terms shall have the meanings ascribed to them in the Merger Agreement unless otherwise defined in this Working Capital Note.
SECURITY AGREEMENTSecurity Agreement • March 27th, 2018 • Cartesian, Inc. • Services-management consulting services • Delaware
THIS SECURITY AGREEMENT (this "Security Agreement"), effective as of March 21, 2018 (the "Effective Date"), by and among Cartesian, Inc., a Delaware corporation ("Borrower"), each of Borrower's Subsidiaries identified on the signature pages hereof (together with Borrower, individually and collectively "Grantor") and Auto Cash Financing, Inc., a Delaware corporation (the "Secured Party").
