LOAN AND SECURITY AGREEMENTLoan and Security Agreement • November 27th, 2013 • Planar Systems Inc • Electronic components, nec • Oregon
THIS LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as of November 21, 2013 (the “Effective Date”) by and between (i) SILICON VALLEY BANK, a California corporation (“Bank”) with a loan production office located at 380 Interlocken Crescent, Suite 600, Broomfield, Colorado 80021, and (ii) PLANAR SYSTEMS, INC., an Oregon corporation (“Planar”), CLARITY, A DIVISION OF PLANAR SYSTEMS, INC., an Oregon corporation (“Clarity”), PLANAR CHINA LLC, an Oregon limited liability company (“Planar China”) and PLANAR TAIWAN LLC, an Oregon limited liability company (“Planar Taiwan” and together with Planar, Clarity and Planar China, individually and collectively, jointly and severally, the “Borrower”), with a principal place of business located at 1195 NW Compton Way, Beaverton, Oregon 97006, provides the terms on which Bank shall lend to Borrower and Borrower shall repay Bank. The parties agree as follows:
