LOAN AND SECURITY AGREEMENTLoan and Security Agreement • November 7th, 2019 • Leaf Group Ltd. • Services-computer processing & data preparation • New York
THIS LOAN AND SECURITY AGREEMENT (this “Agreement”) dated and effective as of November 7, 2019 (the “Effective Date”) by and among SILICON VALLEY BANK, a California corporation (“Bank”), and LEAF GROUP LTD., a Delaware corporation (“Parent”), SOCIETY6, LLC, a Delaware limited liability company, WELL+GOOD LLC, a New York limited liability company, LS MEDIA HOLDINGS, LLC, a Delaware limited liability company, DENY DESIGNS, LLC, a Delaware limited liability company, SAATCHI ONLINE, INC., a Delaware corporation, OTHER ART FAIRS, LLC, a Delaware limited liability company, LEAF GROUP SERVICES, LLC, a Delaware limited liability company and LEAF OIYS, LLC, a Delaware limited liability company (together with Parent, each a “Co-Borrower” and collectively, “Co-Borrowers”), provides the terms on which Bank shall lend to Co-Borrowers, and Co-Borrowers shall repay Bank. The parties agree as follows:
