CREDIT AGREEMENT dated as of June 23, 2010 among LIQUIDMETAL COATINGS, LLC, LIQUIDMETAL COATINGS SOLUTIONS, LLC and ENTERPRISE BANK & TRUST $3,700,000 Credit FacilityCredit Agreement • June 29th, 2010 • Liquidmetal Technologies Inc • Chemicals & allied products • Missouri
This Credit Agreement is made as of June 23, 2010, by and among LIQUIDMETAL COATINGS, LLC, a Delaware limited liability company (“LMC), LIQUIDMETAL COATINGS SOLUTIONS, LLC, a Delaware limited liability company (“LMCS”), and ENTERPRISE BANK & TRUST, a Missouri banking corporation (the “Bank”). LMC and LMCS are each referred to herein as a “Borrower” and are collectively referred to herein as the “Borrowers.”
REVOLVING CREDIT NOTERevolving Credit Note • June 29th, 2010 • Liquidmetal Technologies Inc • Chemicals & allied products
This Revolving Credit Note (the “Note”) is the Revolving Credit Note referred to in, is issued pursuant to, and is subject to the terms and conditions of, the Credit Agreement, dated on or about the date hereof, among the Borrowers and the Bank, as the same may be amended, renewed, restated, replaced, consolidated or otherwise modified from time to time (the “Credit Agreement”). To the extent of any direct conflict between the terms and conditions of this Note and the terms and conditions of the Credit Agreement, the terms and conditions of the Credit Agreement shall prevail and govern. Capitalized terms used and not defined in this Note have the meanings given to them in the Credit Agreement.
PLEDGE AGREEMENTPledge Agreement • June 29th, 2010 • Liquidmetal Technologies Inc • Chemicals & allied products • Missouri
This Pledge Agreement (the “Agreement”) is made as of June 23, 2010, between LIQUIDMETAL TECHNOLOGIES, INC., a Delaware corporation (“LMT”), and ENTERPRISE BANK & TRUST, a Missouri banking corporation (“Bank”).
TERM NOTETerm Note • June 29th, 2010 • Liquidmetal Technologies Inc • Chemicals & allied products
This Term Note (the “Note”) is the Term Note referred to in, is issued pursuant to, and is subject to the terms and conditions of, the Credit Agreement, dated on or about the date hereof, among the Borrowers and the Bank, as the same may be amended, renewed, restated, replaced, consolidated or otherwise modified from time to time (the “Credit Agreement”). To the extent of any direct conflict between the terms and conditions of this Note and the terms and conditions of the Credit Agreement, the terms and conditions of the Credit Agreement shall prevail and govern. Capitalized terms used and not defined in this Note have the meanings given to them in the Credit Agreement.
SECURITY AGREEMENTSecurity Agreement • June 29th, 2010 • Liquidmetal Technologies Inc • Chemicals & allied products • Missouri
This Security Agreement (the “Agreement”), dated as of June 23, 2010, is among LIQUIDMETAL COATINGS, LLC, a Delaware limited liability company (“LMC”), LIQUIDMETAL COATINGS SOLUTIONS, LLC, a Delaware limited liability company (“LMCS”), and ENTERPRISE BANK & TRUST, a Missouri banking corporation (the “Bank”). LMC and LMCS are each referred to herein as a “Borrower” and are collectively referred to herein as the “Borrowers.”
