FORBEARANCE EXTENSION UNDER LOAN AND SECURITY AGREEMENTExtension Under Loan and Security Agreement • March 10th, 2017 • Activecare, Inc. • Communications equipment, nec • California
This agreement (the “Forbearance Extension”) is entered into as of December 31, 2016 (such date, the “Forbearance Extension Effective Date”) and is, inter alia, an extension of PFG’s forbearance under that certain Forbearance under Loan and Security Agreement dated November 1, 2016 (the “Expiring Forbearance” and such date, the “Expiring Forbearance Effective Date”), by and between Partners for Growth IV, L.P., a Delaware limited partnership with its principal place of business at 1660 Tiburon Blvd., Suite D, Tiburon California 94920 (“PFG”) and ActiveCare, Inc., a Delaware corporation with its principal place of business at 1365 West Business Park Drive, Suite 100, Orem, UT 84058 (“Borrower”).
