SECURITY AGREEMENT AND GUARANTEESecurity Agreement • May 13th, 2022 • SANUWAVE Health, Inc. • Surgical & medical instruments & apparatus
This security interest may be exercised by GCF without notice or demand of any kind by making an immediate withdrawal or freezing the Secured Assets. Pursuant to Article 9 of the Uniform Commercial Code, as amended from time to time, GCF has control over and may direct the disposition of the Secured Assets, without further consent of Merchant. Merchant hereby represents and warrants that no other person or entity has a security interest in the Secured Assets. With respect to such security interests and liens, GCF will have all rights afforded under the Uniform Commercial Code, any other applicable law and in equity. Merchant will obtain from GCF written consent prior to granting a security interest of any kind in the Secured Assets to a third party. Merchant agrees that this is a contract of recoupment and GCF is not required to file a motion for relief from a bankruptcy action automatic stay to realize on any of the Secured Assets. Nevertheless, Merchant agrees not to contest or objec
FUTURE RECEIVABLES AGREEMENTFuture Receivables Agreement • May 13th, 2022 • SANUWAVE Health, Inc. • Surgical & medical instruments & apparatus • Texas
This FUTURE RECEIVABLES AGREEMENT (this “Agreement”), dated December 16, 2021, is made by and between GCF Resources LLC, (“GCF”) and SANUWAVE, INC. (“Merchant)”.
