LOAN AND SECURITY AGREEMENTLoan and Security Agreement • March 1st, 2012 • Xata Corp /Mn/ • Electronic computers • Illinois
THIS LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as of February 24, 2012 (the “Effective Date”) between SILICON VALLEY BANK, a California corporation with a loan production office located at 230 Monroe Street, Suite 720, Chicago, Illinois 60606 (“Bank”), and XATA CORPORATION, a Minnesota corporation with offices located at 965 Prairie Center Drive, Eden Prairie, Minnesota 55344 (“Borrower”), provides the terms on which Bank shall lend to Borrower and Borrower shall repay Bank. The parties agree as follows:
