BUSINESS LOAN AND SECURITY AGREEMENTBusiness Loan and Security Agreement • July 8th, 2009 • Steelcloud Inc • Electronic computers • Virginia
THIS BUSINESS LOAN AND SECURITY AGREEMENT (this "Agreement") is made and entered into effective for all purposes as of the 1st day of July, 2009, by and between (a) CALEDONIA CAPITAL CORPORATION, a Delaware corporation ("Lender"), having an address at 19441 Golf Vista Plaza, Suite 360, Leesburg, VA 20176; and (b) STEELCLOUD, INC., a Virginia corporation (the "Borrower"), having an address at 13962 Park Center Road, Herndon, VA 20171.
COMMON STOCK PURCHASE WARRANT To Purchase 625,000 Shares of Common Stock of SteelCloud, Inc.Security Agreement • July 8th, 2009 • Steelcloud Inc • Electronic computers • Virginia
THIS COMMON STOCK PURCHASE WARRANT (the "Warrant") CERTIFIES that, for value received, Caledonia Capital Corporation, a Delaware corporation, (the "Holder"), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after July 1, 2009 (the "Initial Exercise Date") and on or prior to the fourth anniversary of the Initial Exercise Date (the "Tennination Date") but not thereafter, to subscribe for and purchase from SteelCloud, Inc., a corporation incorporated in the Commonwealth of Virginia (the "Company"), up to 625,000 shares (the "Warrant Shares") of Common Stock, par value $0.001 per share, of the Company (the "Common Stock"). The purchase price of each share of Common Stock (the "Exercise Price") issuable upon the exercise of this Warrant shall be $0.15, subject to adjustment hereunder. The Exercise Price and the number of Warrant Shares for which the Warrant is exercisable shall be subject to adjustment as prov
