LOAN AND SECURITY AGREEMENTLoan and Security Agreement • August 19th, 2010 • Atsi Communications Inc/De • Telephone communications (no radiotelephone)
THIS LOAN AND SECURITY AGREEMENT (as amended, modified or restated from time to time, this “Agreement”) dated as of August 2, 2010 (the “Closing Date”), will serve to set forth the terms of the Credit Facility by and among THERMO CREDIT, LLC, a Colorado limited liability company (together with its successors and assigns, “Lender”), and ATSI COMMUNICATIONS, INC., a Nevada corporation (“Parent”), DIGERATI NETWORKS, INC., a Texas corporation (“DNI”), and DIGERATI BROADBAND, INC., a Texas corporation (“DBI”, and together with DNI, “Subsidiary”, and Subsidiary, together with Parent, jointly and severally, “Debtor”).
