Security AgreementSecurity Agreement • September 3rd, 2015 • Medical Transcription Billing, Corp • Services-prepackaged software
This Security Agreement (this “Agreement”) dated as of September 2, 2015, is hereby entered into by and between Opus Bank, a California commercial bank (“Secured Party”), and its successors and assigns, whose address is 19900 MacArthur Boulevard, Irvine, California 92612, and Medical Transcription Billing, Corp., a Delaware corporation (“Borrower”), whose address is 7 Clyde Road, Somerset, New Jersey 08873.
CREDIT AGREEMENTCredit Agreement • September 3rd, 2015 • Medical Transcription Billing, Corp • Services-prepackaged software • New York
This Credit Agreement (this “Agreement”) dated as of September 2, 2015 is hereby entered into between Opus Bank (the “Bank”), and its successors and assigns, whose address is 19900 MacArthur Boulevard, Irvine, California 92612 (together with its successors and assigns, the “Bank”), and Medical Transcription Billing, Corp., a Delaware corporation (the “Borrower”), whose address is 7 Clyde Road, Somerset, New Jersey 08873.
ContractWarrant Agreement • September 3rd, 2015 • Medical Transcription Billing, Corp • Services-prepackaged software
THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAW, AND MAY NOT BE OFFERED FOR SALE, SOLD OR TRANSFERRED UNLESS A REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS SHALL BE EFFECTIVE WITH RESPECT THERETO, OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS IS AVAILABLE IN CONNECTION WITH SUCH OFFER, SALE OR TRANSFER.
Line of Credit NoteLine of Credit Note • September 3rd, 2015 • Medical Transcription Billing, Corp • Services-prepackaged software • New York
Promise to Pay. On or before September 1, 2018 (the “Maturity Date”), for value received Medical Transcription Billing, Corp., a Delaware corporation (the “Borrower”) promises to pay to Opus Bank, a California commercial bank, and its successors and assigns, whose address is 19900 MacArthur Boulevard, Irvine, California 92612 (the “Bank”) or order, in lawful money of the United States of America, the lesser of (i) the outstanding principal amount of the Line of Credit, plus all accrued and unpaid interest thereon or (ii) Two Million and 00/100 Dollars ($2,000,000.00) plus all accrued and unpaid interest at the Note Rate (as defined below), and at the rate of 5.00% per annum above the Note Rate, at the Bank's option, upon the occurrence and during the continuance of any Event of Default, whether or not the Bank elects to accelerate the maturity of this Line of Credit Note, from the date such increased rate is imposed by the Bank.
Term NoteTerm Note • September 3rd, 2015 • Medical Transcription Billing, Corp • Services-prepackaged software • New York
Promise to Pay. On or before September 1, 2019 (the “Maturity Date”), for value received Medical Transcription Billing, Corp., a Delaware corporation (the “Borrower”) promises to pay to Opus Bank, a California commercial bank, and its successors and assigns, whose address is 19900 MacArthur Boulevard, Irvine, California 92612 (the “Bank”) or order, in lawful money of the United States of America, the sum of Four Million and 00/100 Dollars ($4,000,000.00), or such lesser amount as shall remain outstanding at such time, plus interest at the Note Rate (as defined below), and at the rate of 5.00% per annum above the Note Rate, at the Bank's option, upon the occurrence and during the continuance of any Event of Default, whether or not the Bank elects to accelerate the maturity of this Term Note, from the date such increased rate is imposed by the Bank.
