CREDIT AND SECURITY AGREEMENT BY AND BETWEEN DIGITAL ANGEL CORPORATION AND WELLS FARGO BUSINESS CREDIT, INC. October 30, 2002Credit and Security Agreement • October 31st, 2002 • Digital Angel Corp • Services-home health care services • Minnesota
DIGITAL ANGEL CORPORATION, a Delaware corporation (the “Borrower”), and WELLS FARGO BUSINESS CREDIT, INC., a Minnesota corporation (the “Lender”), hereby agree as follows:
REVOLVING NOTERevolving Note • October 31st, 2002 • Digital Angel Corp • Services-home health care services
This Note is issued pursuant, and is subject, to the Credit Agreement, which provides, among other things, for acceleration hereof. This Note is the Revolving Note referred to in the Credit Agreement. This Note is secured, among other things, pursuant to the Credit Agreement and the Security Documents as therein defined, and may now or hereafter be secured by one or more other security agreements, mortgages, deeds of trust, assignments or other instruments or agreements.
PATENT AND TRADEMARK SECURITY AGREEMENTPatent and Trademark Security Agreement • October 31st, 2002 • Digital Angel Corp • Services-home health care services
This Agreement, dated as of October 30, 2002 is made by and between Digital Angel Corporation, a Delaware corporation having a business location at the address set forth below next to its signature (the “Debtor”), and Wells Fargo Business Credit, Inc., a Minnesota corporation having a business location at the address set forth below next to its signature (the “Secured Party”).
LOCKBOX AND COLLECTION ACCOUNT AGREEMENTLockbox and Collection Account Agreement • October 31st, 2002 • Digital Angel Corp • Services-home health care services • California
This LOCKBOX AND COLLECTION ACCOUNT AGREEMENT (“Agreement”), dated as of October 30, 2002, among DIGITAL ANGEL CORPORATION, a Delaware corporation (“Borrower”), WELLS FARGO BUSINESS CREDIT, INC. (“Lender”), REGULUS WEST LLC (“Regulus”) and WELLS FARGO BANK MINNEAPOLIS, NATIONAL ASSOCIATION (“Wells Fargo”) sets out (i) the terms and conditions under which Regulus and Wells Fargo, who have entered into an alliance to provide lockbox services to customers, will provide their lockbox service (“Lockbox Service”) to Borrower and Lender with respect to the post office lockbox of Borrower at Regulus (the “Lockbox”), (ii) the terms and conditions under which Wells Fargo will provide its collection account service (the “Collection Account Service”) to Borrower and Lender with respect to Lender’s wholesale demand deposit account specified at the end of this document (the “Lender Account”), and (iii) the rights of Borrower and Lender, and the obligations of Wells Fargo and Regulus to Borrower and
