SECURITY AGREEMENTSecurity Agreement • November 14th, 2011 • Axion International Holdings, Inc. • Plastics foam products • Maryland
THIS SECURITY AGREEMENT (the “Security Agreement”), dated as of November 9, 2011, among AXION INTERNATIONAL HOLDINGS, INC., a Colorado corporation (“Borrower”) and SAMUEL G. ROSE, an individual resident of the State of Florida (the “Lender”).
REVOLVING CREDIT AGREEMENTRevolving Credit Agreement • November 14th, 2011 • Axion International Holdings, Inc. • Plastics foam products • Maryland
THIS REVOLVING CREDIT AGREEMENT (this “Agreement”) dated November 9, 2011, among AXION INTERNATIONAL HOLDINGS, INC., a Colorado corporation (“Borrower”) and SAMUEL G. ROSE, an individual resident of the State of Florida (“Lender”).
REVOLVING CREDIT NOTERevolving Credit Note • November 14th, 2011 • Axion International Holdings, Inc. • Plastics foam products
On or before September 30, 2012, for value received, the undersigned, AXION INTERNATIONAL HOLDINGS, INC., a Colorado corporation (“Borrower”), hereby promises to pay to the order of SAMUEL G. ROSE (the “Lender”) or his assigns, as further provided herein, the principal amount of up to Two Million Dollars ($2,000,000) or so much thereof as has been advanced and remains unpaid under the Agreement referred to in Section 1 hereof, together with interest on the unpaid principal balance from time to time outstanding hereunder until paid in full at the rates determined in accordance with the provisions hereof and of the Agreement, payable on the first day of each month commencing November 2011, subject to the terms of the Agreement.
