SECURITY AGREEMENTSecurity Agreement • May 6th, 2013 • M Line Holdings Inc • Metalworkg machinery & equipment • Nevada
This SECURITY AGREEMENT (the “Security Agreement”) dated as of March 31, 2013, but made effective as of April 30, 2013, is executed by and among M LINE HOLDINGS, INC., a Nevada corporation (the “Issuing Borrower”), E.M. TOOL CO., INC., a California corporation, and PRECISION AEROSPACE AND TECHNOLOGIES, INC., a Nevada corporation (each of the foregoing, including the Issuing Borrower, hereinafter sometimes individually referred to as a “Debtor” and all such entities sometimes hereinafter collectively referred to as “Debtors”), with their chief executive offices located at 2672 Dow Avenue, Tustin, CA 92780, and TCA Global Credit Master Fund, LP (the “Secured Party”).
CREDIT AGREEMENT DATED AS OF MARCH 31, 2013, BUT MADE EFFECTIVE AS OF APRIL 30, 2013, BY AND AMONG PRECISION AEROSPACE AND TECHNOLOGIES, INC., COLLECTIVELY, AS BORROWERS, AND TCA GLOBAL CREDIT MASTER FUND, LP, AS LENDER CREDIT AGREEMENTCredit Agreement • May 6th, 2013 • M Line Holdings Inc • Metalworkg machinery & equipment • Nevada
This CREDIT AGREEMENT (this “Agreement”), dated as of March 31, 2013, but made effective as of April 30, 2013 (the “Effective Date”), is executed by and among M LINE HOLDINGS, INC., a Nevada corporation (the “Issuing Borrower”), E.M. TOOL COMPANY, INC., a California corporation, and PRECISION AEROSPACE AND TECHNOLOGIES, INC., a Nevada corporation (each of the foregoing, including the Issuing Borrower, hereinafter sometimes individually referred to as a “Borrower” and all such entities sometimes hereinafter collectively referred to as “Borrowers” or the “Credit Parties”), and TCA GLOBAL CREDIT MASTER FUND, LP (“Lender”).
