TERM NOTETerm Note • June 25th, 2015 • Impac Mortgage Holdings Inc • Real estate investment trusts
FOR VALUE RECEIVED, the undersigned Impac Mortgage Holdings, Inc., a Maryland corporation (“Holdings”), Impac Mortgage Corp., a California, corporation (“IMC”), Impac Warehouse Lending, Inc., a California corporation (“IWLI”) and Integrated Real Estate Service Corp., a Maryland corporation (“IRES”, and together with Holdings, IMC and IWLI, collectively and individually, “Borrowers” or “Borrower”), jointly and severally promise to pay to the order of Macquarie Alpine Inc. (“Lender”) on the Maturity Date or upon the earlier maturity hereof, whether by acceleration or otherwise, the principal sum of Thirty Million Dollars ($30,000,000), together with interest thereon, pursuant to that certain Loan Agreement, dated as of June 19, 2015 (as amended, restated or otherwise modified from time to time, the “Loan Agreement”), among Borrowers and Lender. Lender is hereby authorized to record the amount and date of each advance under this Term Note, and the information so recorded shall be conclusi
SECURITY AGREEMENT by IMPAC MORTGAGE HOLDINGS, INC., IMPAC MORTGAGE CORP., IMPAC WAREHOUSE LENDING, INC., and INTEGRATED REAL ESTATE SERVICE CORP., as Pledgors, and MACQUARIE ALPINE INC. as Secured Party Dated as of June 19, 2015Security Agreement • June 25th, 2015 • Impac Mortgage Holdings Inc • Real estate investment trusts • New York
SECURITY AGREEMENT dated as of June 19, 2015, (as amended, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”) by and among Impac Mortgage Holdings, Inc., a Maryland corporation (“Holdings”), Impac Mortgage Corp., a California corporation (“IMC”), Impac Warehouse Lending, Inc., a California corporation (“IWLI”), and Integrated Real Estate Service Corp., a Maryland corporation (“IRES”, and together with Holdings, IMC and IWLI, collectively and individually, “Pledgors” or “Pledgor”), and Macquarie Alpine Inc., a Delaware corporation (the “Secured Party”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Loan Agreement (as hereinafter defined).
