SECURED CREDIT NOTESecured Credit Note • June 15th, 2012 • Q Lotus Holdings Inc • Services-business services, nec • Illinois
FOR VALUE RECEIVED, Q LOTUS HOLDINGS, INC., a Nevada corporation (the “Borrower”), hereby promises to pay on or before JUNE 21, 2012 (the “Maturity Date”), to the order of MW BUSINESS CREDIT, LLC, a Nevada limited liability company (together with its successors and assigns, the “Holder”), at its office located at 710 East Ogden Avenue, Suite 500, Naperville, Illinois 60563, or at such other location as the Holder may otherwise direct in writing from time to time, the principal amount of THREE HUNDRED AND TWENTY-SIX THOUSAND DOLLARS ($326,000.00) in lawful money of the United States, payable in accordance with the provisions of this Secured Credit Note (this “Note”).
SECURITY AGREEMENTSecurity Agreement • June 15th, 2012 • Q Lotus Holdings Inc • Services-business services, nec • Illinois
THIS SECURITY AGREEMENT (this "Agreement") is dated as of April 27, 2012 and is entered into by and between Q LOTUS HOLDINGS, INC., a Nevada corporation with its principal place of business at 520 N. Kingsbury, Unit 1810, Chicago, IL 60654 (the "Grantor"), and MW BUSINESS CREDIT, LLC, a Nevada limited liability company with an office at 710 East Ogden Avenue, Suite 500, Naperville, Illinois 60563 (the "Secured Party").
