FIRST AMENDMENT and JOINDERLoan and Security Agreement • May 12th, 2015 • JetPay Corp • Blank checks • Pennsylvania
This Loan and Security Agreement (“Agreement”) is dated this 28th day of December, 2012, by and among AD Computer Corporation, a Pennsylvania corporation (“ADC”), Payroll Tax Filing Services, Inc., a Pennsylvania corporation(“Payroll”), each other Person joined hereto as a borrower from time to time (ADC, Payroll and each other Person so joined hereto, each a “Borrower” and collectively, “Borrowers”), UNIVERSAL BUSINESS PAYMENT SOLUTIONS ACQUISITION CORPORATION (“Parent”), and METRO BANK, a Pennsylvania bank (“Lender”).
FIRST AMENDMENTLoan and Security Agreement • May 12th, 2015 • JetPay Corp • Blank checks • Pennsylvania
FIRST AMENDMENT (this “Amendment”), dated as of May 6, 2015, by and among ACI Merchant Systems, LLC, a Pennsylvania limited liability company (“ACI” and together with each other Person joined from time to time to the Loan Agreement (as defined below) as a borrower, “Borrowers”), JetPay Corporation, a Delaware corporation (“Parent”), AD Computer Corporation, a Pennsylvania corporation (“AD Computer”), and Metro Bank (“Lender”).
REVOLVING CREDIT NOTERevolving Credit Note • May 12th, 2015 • JetPay Corp • Blank checks
FOR VALUE RECEIVED and intending to be legally bound, the undersigned, A.D. Computer Corporation, a Pennsylvania corporation (“ADC”), Payroll Tax Filing Services, Inc., a Pennsylvania corporation (“Payroll” and together with ADC and each other Person joined as a borrower under the Loan Agreement, each a “Borrower” and collectively “Borrowers”), jointly and severally promise to pay, in lawful money of the United States of America, to the order of Metro Bank (“Lender”), at the address set forth in Section 9.8 of the Loan Agreement, the maximum aggregate principal sum of One Million Dollars ($1,000,000) or such lesser sum which represents the principal outstanding under the Revolving Credit established pursuant to the provisions of that certain Loan and Security Agreement, dated as of December 28, 2012, by and among Borrowers, Universal Business Payment Solutions Acquisition Corporation and Lender (as it may be supplemented, restated, superseded, amended or replaced from time to time, the
