AMENDED AND RESTATED LOAN AND SECURITY AGREEMENTLoan and Security Agreement • February 6th, 2008 • Argyle Security, Inc. • Services-detective, guard & armored car services
This AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT dated as of January 23, 2008 (the “Agreement”), is executed by and between ISI SECURITY GROUP, INC., a Delaware corporation, formerly known as ISI DETENTION CONTRACTING GROUP, INC. (the “Borrower”), which has its chief executive office located at 12903 Delivery Drive, San Antonio, Texas 78247, and LASALLE BANK NATIONAL ASSOCIATION, a national banking association (the “Bank”), whose address is 135 South La Salle Street, Chicago, Illinois 60603.
AMENDED AND RESTATED SECURITY AGREEMENTSecurity Agreement • February 6th, 2008 • Argyle Security, Inc. • Services-detective, guard & armored car services
This AMENDED AND RESTATED SECURITY AGREEMENT dated as of January 23, 2008 (the "Security Agreement"), is executed by and between ISI SECURITY GROUP, INC., a Delaware corporation (f/k/a ISI DETENTION CONTRACTING GROUP, INC.) (“Borrower”), DETENTION CONTRACTING GROUP, LTD., a Texas limited partnership, ISI DETENTION CONTRACTING GROUP, INC., a Texas corporation, ISI DETENTION CONTRACTING GROUP, INC., a California corporation, ISI DETENTION CONTRACTING GROUP, INC., a New Mexico corporation, ISI DETENTION SYSTEMS, INC., a Texas corporation, ISI SYSTEMS, LTD., a Texas limited partnership, METROPLEX CONTROL SYSTEMS, INC., a Texas corporation, ISI CONTROLS, LTD., a Texas limited partnership, METROPLEX COMMERCIAL FIRE AND SECURITY ALARMS, INC., a Texas corporation and MCFSA, LTD., a Texas limited partnership (collectively, the "Guarantors"), which have their chief executive located at 12903 Delivery Drive, San Antonio, Texas 78247, and LASALLE BANK NATIONAL ASSOCIATION, a national banking assoc
AMENDED AND RESTATED PLEDGE AGREEMENTPledge Agreement • February 6th, 2008 • Argyle Security, Inc. • Services-detective, guard & armored car services
This AMENDED AND RESTATED PLEDGE AGREEMENT dated as of January 23, 2008 (the “Pledge Agreement”) is executed by ISI SECURITY GROUP, INC., a Delaware corporation, formerly known as ISI DETENTION CONTRACTING GROUP, INC., a Delaware corporation, DETENTION CONTRACTING GROUP, LTD., a Texas limited partnership, ISI DETENTION CONTRACTING GROUP, INC., a Texas corporation, ISI DETENTION CONTRACTING GROUP, INC., a California corporation, ISI DETENTION CONTRACTING GROUP, INC., a New Mexico corporation, ISI DETENTION SYSTEMS, INC., a Texas corporation, ISI SYSTEMS, LTD., a Texas limited partnership, METROPLEX CONTROL SYSTEMS, INC., a Texas corporation, ISI CONTROLS, LTD., a Texas limited partnership, METROPLEX COMMERCIAL FIRE AND SECURITY ALARMS, INC., a Texas corporation and MCFSA, LTD., a Texas limited partnership (collectively, the “Pledgor”), whose address is 12903 Delivery Drive, San Antonio, Texas 78247, to and for the benefit of LASALLE BANK NATIONAL ASSOCIATION, a national banking associat
AMENDED AND RESTATED REVOLVING NOTERevolving Note • February 6th, 2008 • Argyle Security, Inc. • Services-detective, guard & armored car services
This Amended and Restated Revolving Note evidences the Revolving Loans, Letters of Credit and other indebtedness incurred by the Borrower under and pursuant to the Loan Agreement, to which reference is hereby made for a statement of the terms and conditions under which the Revolving Loan Maturity Date or any payment hereon may be accelerated. The holder of this Revolving Note is entitled to all of the benefits and security provided for in the Loan Agreement. All Revolving Loans shall be repaid by the Borrower on the Revolving Loan Maturity Date, unless payable sooner pursuant to the provisions of the Loan Agreement.
AMENDED AND RESTATED UNCONDITIONAL CONTINUING GUARANTYUnconditional Continuing Guaranty • February 6th, 2008 • Argyle Security, Inc. • Services-detective, guard & armored car services • Illinois
THIS AMENDED AND RESTATED UNCONDITIONAL CONTINUING GUARANTY (“Guaranty”) is executed as of January 23, 2008, by DETENTION CONTRACTING GROUP, LTD., a Texas limited partnership, ISI DETENTION CONTRACTING GROUP, INC., a Texas corporation, ISI DETENTION CONTRACTING GROUP, INC., a California corporation, ISI DETENTION CONTRACTING GROUP, INC., a New Mexico corporation, ISI DETENTION SYSTEMS, INC., a Texas corporation, ISI SYSTEMS, LTD., a Texas limited partnership, METROPLEX CONTROL SYSTEMS, INC., a Texas corporation, ISI CONTROLS, LTD., a Texas limited partnership, METROPLEX COMMERCIAL FIRE AND SECURITY ALARMS, INC., a Texas corporation and MCFSA, LTD., a Texas limited partnership (collectively, “Guarantor”), for the benefit of LASALLE BANK NATIONAL ASSOCIATION (“Bank”).
UNIT PURCHASE AGREEMENT By and Between The Individuals listed on Annex A (collectively, the “Seller”), and ISI Controls, Ltd., A Texas limited partnership, (the “Purchaser”) Dated as of January 7, 2008Unit Purchase Agreement • February 6th, 2008 • Argyle Security, Inc. • Services-detective, guard & armored car services • Texas
This Noncompetition and Nondisclosure Agreement (this “Agreement”) is entered into to be effective on January 31, 2008 (the “Effective Date”), by and between ISI Controls, LTD., a Texas limited partnership (the “Company”), and Jeffrey E. Corcoran and Janell D. Corcoran, individual residents in the State of Wisconsin (collectively the “Restricted Parties”). This is the Noncompetition Agreement required by Section 5.7 of that certain Unit Purchase Agreement, of even date herewith (the “Purchase Agreement”), entered into between the Company and Restricted Parties.
TERM NOTEArgyle Security, Inc. • February 6th, 2008 • Services-detective, guard & armored car services
FOR VALUE RECEIVED, ISI SECURITY GROUP, INC., a Delaware corporation, (f/k/a ISI DETENTION CONTRACTING GROUP, INC.) (the “Borrower”), whose address is 12903 Delivery Drive, San Antonio, Texas 78247, promises to pay to the order of LASALLE BANK NATIONAL ASSOCIATION, a national banking association (hereinafter, together with any holder hereof, the “Bank”), whose address is 135 South La Salle Street, Chicago, Illinois 60603, on or before June 30, 2011 (the “Term Loan Maturity Date”), the principal sum of FOUR MILLION, TWO HUNDRED FIFTY THOUSAND and 00/100 DOLLARS ($4,250,000.00), which amount is the principal amount of the Term Loan made by the Bank to the Borrower under and pursuant to that certain Amended and Restated Loan and Security Agreement dated as of January 23, 2008, executed by and between the Borrower and the Bank, as amended from time to time (as amended, supplemented or modified from time to time, the “Loan Agreement”), together with interest (computed on the actual number o
