AMENDMENT NO. 1 TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • May 7th, 2014 • Cachet Financial Solutions, Inc. • Blank checks
This Amendment No. 1 to Loan and Security Agreement (this “Amendment”), dated as of May 1, 2014, is by and between Cachet Financial Solutions Inc., a Minnesota corporation (“Borrower”), and Trooien Capital, LLC, a Minnesota limited liability company (“Lender”), and amends that certain Loan and Security Agreement by and between the parties dated as of December 12, 2013 (the “Loan Agreement”).
REVOLVING LINE OF CREDIT NOTERevolving Line of Credit Note • May 7th, 2014 • Cachet Financial Solutions, Inc. • Blank checks • Minnesota
FOR VALUE RECEIVED, the undersigned CACHET FINANCIAL SOLUTIONS, INC., a Delaware corporation (“Cachet DE”), and CACHET FINANCIAL SOLUTIONS INC., a Minnesota corporation (“Cachet MN”) (Cachet MN and Cachet DE are jointly and severally obligated, and collectively referred to herein as, the “Borrower”), promise to pay to the order of MICHAEL J. HANSON, whose current address is 2300 Territorial Road, Saint Paul, MN 55114 (“Lender”) at his current address, or at such other place as the Lender may designate, in lawful money of the United States of America and in immediately available funds, the principal sum of up to ONE MILLION FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($1,500,000.00), or so much thereof as may be advanced and be outstanding, with interest thereon, to be computed on each advance from the date of its disbursement as set forth herein.
