STOCK PLEDGE AND SECURITY AGREEMENTStock Pledge and Security Agreement • April 4th, 2007 • Micronetics Inc • Electronic components, nec • New Hampshire
THIS STOCK PLEDGE AND SECURITY AGREEMENT is made this 30th day of March, 2007, by MICRONETICS, INC., a Delaware corporation with an executive office at 26 Hampshire Drive, Hudson, New Hampshire 03051 (“Borrower”), to and for the benefit of CITIZENS BANK NEW HAMPSHIRE, a guaranty savings bank chartered under the laws of the State of New Hampshire with a place of business at 875 Elm Street, Manchester, New Hampshire 03101 (the “Bank”).
REVOLVING CREDIT NOTERevolving Credit Note • April 4th, 2007 • Micronetics Inc • Electronic components, nec
FOR VALUE RECEIVED, the undersigned, MICRONETICS, INC., a Delaware corporation with an executive office at 26 Hampshire Drive, Hudson, New Hampshire 03051 (the “Borrower”), hereby promises to pay to the order of CITIZENS BANK NEW HAMPSHIRE, a guaranty savings bank chartered under the laws of the State of New Hampshire, with a place of business at 875 Elm Street, Manchester, New Hampshire 03101 (the “Bank”), at such office, or such other place or places as the holder hereof may designate in writing from time to time hereafter, in lawful currency of the United States of America and in immediately available funds, the principal sum of up to FIVE MILLION and 00/100 DOLLARS ($5,000,000.00), or so much thereof as may be advanced or readvanced by the Bank to the Borrower from time to time hereafter (such amounts defined as the “Debit Balance” below), pursuant and subject to the terms, conditions, and limitations of this Note and the Commercial Loan Agreement dated of even date among the Borro
SECURITY AGREEMENTSecurity Agreement • April 4th, 2007 • Micronetics Inc • Electronic components, nec • New Hampshire
THIS SECURITY AGREEMENT (the “Agreement”), made this 30th day of March, 2007, is by and among MICRONETICS, INC., a Delaware corporation with an executive office at 26 Hampshire Drive, Hudson, New Hampshire 03051 (the “Borrower”); MICROWAVE & VIDEO SYSTEMS, INC., a Connecticut corporation with an executive office at 160B Shelton Road, Monroe, Connecticut 06468, ENON MICROWAVE, INC., MICROWAVE CONCEPTS, INC., and STEALTH MICROWAVE, INC., each a Delaware corporation, and all with an executive office at 26 Hampshire Drive, Hudson, New Hampshire 03051 (individually, a “Guarantor”, and collectively, the “Guarantors”, and the Borrower and each Guarantor are sometimes referred to individually as “Debtor”), and CITIZENS BANK NEW HAMPSHIRE, a guaranty savings bank chartered under the laws of the State of New Hampshire, with a place of business at 875 Elm Street, Manchester, New Hampshire 03101 (the “Secured Party”). Any reference to “Debtor” herein shall be deemed to refer to each Debtor individ
SECURITY AGREEMENT (INTELLECTUAL PROPERTY)Security Agreement • April 4th, 2007 • Micronetics Inc • Electronic components, nec • New Hampshire
THIS SECURITY AGREEMENT (INTELLECTUAL PROPERTY) (the “Agreement”), is made as of the 30th day of March, 2007, by and among MICRONETICS, INC., a Delaware corporation with an executive office at 26 Hampshire Drive, Hudson, New Hampshire 03051 (the “Borrower”); MICROWAVE & VIDEO SYSTEMS, INC., a Connecticut corporation with an executive office at 160B Shelton Road, Monroe, Connecticut 06468, ENON MICROWAVE, INC., MICROWAVE CONCEPTS, INC., and STEALTH MICROWAVE, INC., each a Delaware corporation with an executive office at 26 Hampshire Drive, Hudson, New Hampshire 03051 (individually, a “Guarantor”, and collectively, the “Guarantors”, and the Borrower and each Guarantor are sometimes referred to individually, together with any successors to and assigns of any or all of its present or future interests in the Intellectual Property Collateral, as hereinafter defined, other than the Secured Party, as hereinafter defined, as the “Debtor”), and CITIZENS BANK NEW HAMPSHIRE, a guaranty savings ban
COMMERCIAL LOAN AGREEMENTCommercial Loan Agreement • April 4th, 2007 • Micronetics Inc • Electronic components, nec • New Hampshire
THIS COMMERCIAL LOAN AGREEMENT, together with the Schedules hereto, (collectively, the “Agreement”), is made as of the 30th day of March, 2007, by and between MICRONETICS, INC., a Delaware corporation with an executive office at 26 Hampshire Drive, Hudson, New Hampshire 03051 (the “Borrower”); MICROWAVE & VIDEO SYSTEMS, INC., a Connecticut corporation with an executive office at 160B Shelton Road, Monroe, Connecticut 06468, ENON MICROWAVE, INC., MICROWAVE CONCEPTS, INC., and STEALTH MICROWAVE, INC., each a Delaware corporation, and all with an executive office at 26 Hampshire Drive, Hudson, New Hampshire 03051 (individually, a “Guarantor”, and collectively, the “Guarantors”); and CITIZENS BANK NEW HAMPSHIRE, a guaranty savings bank chartered under the laws of the State of New Hampshire with a place of business at 875 Elm Street, Manchester, New Hampshire 03101 (the “Bank”).
TERM NOTETerm Note • April 4th, 2007 • Micronetics Inc • Electronic components, nec
FOR VALUE RECEIVED, the undersigned, MICRONETICS, INC., a Delaware corporation with an executive office at 26 Hampshire Drive, Hudson, New Hampshire 03051 (the “Borrower”), hereby promises to pay to the order of CITIZENS BANK NEW HAMPSHIRE, a guaranty savings bank chartered under the laws of the State of New Hampshire, with a place of business at 875 Elm Street, Manchester, New Hampshire 03101 (the “Bank”), at such office, or such other place or places as the holder hereof may designate in writing from time to time hereafter, in lawful currency of the United States of America and in immediately available funds, the principal sum of SIX MILLION FIVE HUNDRED THOUSAND and 00/100 DOLLARS ($6,500,000.00), pursuant and subject to the terms, conditions, and limitations of this Note and the Commercial Loan Agreement dated of even date among the Borrower, the Guarantors, and the Bank, as the same may be amended and/or restated from time to time hereafter ( the “Loan Agreement”), together with i
