LOAN AND SECURITY AGREEMENTLoan and Security Agreement • June 29th, 2010 • Nu Horizons Electronics Corp • Wholesale-electronic parts & equipment, nec • New York
This Loan and Security Agreement (this “Agreement”), dated June 28, 2010, is entered into by and among Nu Horizons Electronics Corp., a Delaware corporation (“Parent”); NIC Components Corp., a New York corporation (“NIC”); Nu Horizons International Corp., a New York corporation (“International”); Razor Electronics, Inc., a New York corporation (“RAZ”); Titan Supply Chain Services Corp., a New York corporation (“TUS”, and together with Parent, NIC, International, and RAZ, individually each a “US Borrower” and, collectively, “US Borrowers”), Nu Horizons Electronics Limited, a company incorporated in England and Wales with registration number 02181478 (“NEE-UK”), NIC Components Europe Limited, a company incorporated in England and Wales with registration number 03495816 (“NIC-UK”, and together with NEE-UK, individually each a “UK Borrower” and, collectively, “UK Borrowers” and together with US Borrowers, each individually, a “Borrower” and collectively, “Borrowers”, as hereinafter further
