loan and security agreement Dated as of December 30, 2020 between ILEARNINGENGINES INC. a Delaware corporation, as “Borrower”, and VENTURE LENDING & LEASING IX, INC., a Maryland corporation, as “Lender” LOAN AND SECURITY AGREEMENTLoan and Security Agreement • December 8th, 2023 • Arrowroot Acquisition Corp. • Services-prepackaged software • California
Borrower and Lender have entered or anticipate entering into one or more transactions pursuant to which Lender agrees to make available to Borrower a loan facility governed by the terms and conditions set forth in this document and one or more Supplements executed by Borrower and Lender which incorporate this document by reference. Each Supplement constitutes a supplement to and forms part of this document, and will be read and construed as one with this document, so that this document and the Supplement constitute a single agreement between the parties (collectively referred to as this “Agreement”).
EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • December 8th, 2023 • Arrowroot Acquisition Corp. • Services-prepackaged software
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is effective on October 10, 2018 (the “Effective Date”) by and between ILEARNINGENGINES INC., or its successor (“Company”) and Balakrishnan Arackal (“Executive”).
CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS AGREEMENT (INDICATED BY “[***]”) BECAUSE ILEARNINGENGINES, INC. HAS DETERMINED SUCH INFORMATION (I) IS NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.Agreement • December 8th, 2023 • Arrowroot Acquisition Corp. • Services-prepackaged software
We are pleased to offer you the position of ’Senior Vice President – Technology & Products’ for our organization. Your employment with us will be subject to the following terms and conditions:
INTELLECTUAL PROPERTY SECURITY AGREEMENTIntellectual Property Security Agreement • December 8th, 2023 • Arrowroot Acquisition Corp. • Services-prepackaged software
This Intellectual Property Security Agreement (this “Agreement”) is made as of December 30, 2020, between ILEARNINGENGINES INC., a Delaware corporation (“Grantor”), and VENTURE LENDING & LEASING IX, INC., a Maryland corporation (“Secured Party”).
INTELLECTUAL PROPERTY SECURITY AGREEMENTIntellectual Property Security Agreement • December 8th, 2023 • Arrowroot Acquisition Corp. • Services-prepackaged software
This Intellectual Property Security Agreement (this “Agreement”) is made as of October 21, 2021, between ILEARNINGENGINES INC., a Delaware corporation (“Grantor”), and VENTURE LENDING & LEASING IX, INC. (“Fund 9”) and WTI FUND X, INC. (“Fund 10”), both Maryland corporations (sometimes referred to herein individually and together as “Secured Party”).
CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS AGREEMENT (INDICATED BY MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.Intellectual Property Security Agreement • December 8th, 2023 • Arrowroot Acquisition Corp. • Services-prepackaged software
This Intellectual Property Security Agreement (this “Agreement”) is made as of October 31, 2023, between ILEARNINGENGINES INC., a Delaware corporation (“Grantor”), and WTI FUND X, INC., a Maryland corporation (“Secured Party”).
CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS AGREEMENT (INDICATED BY “[***]”) BECAUSE ILEARNINGENGINES, INC. HAS DETERMINED SUCH INFORMATION (I) IS NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.Agreement • December 8th, 2023 • Arrowroot Acquisition Corp. • Services-prepackaged software
This is a Supplement identified in the document entitled Loan and Security Agreement, dated as of October 31, 2023 (as amended, restated, supplemented and modified from time to time, the “Loan and Security Agreement”), by and between Borrower and Lender. All capitalized terms used in this Supplement and not otherwise defined in this Supplement have the meanings ascribed to them in Article 10 of the Loan and Security Agreement, which is incorporated in its entirety into this Supplement. In the event of any inconsistency between the provisions of the Loan and Security Agreement and this Supplement, this Supplement is controlling.
CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS AGREEMENT (INDICATED BY “[***]”) BECAUSE ILEARNINGENGINES, INC. HAS DETERMINED SUCH INFORMATION (I) IS NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.Agreement • December 8th, 2023 • Arrowroot Acquisition Corp. • Services-prepackaged software
This is a Supplement identified in the document entitled Loan and Security Agreement, dated as of December 30, 2020 (as amended, restated, supplemented and modified from time to time, the “Loan and Security Agreement”), by and between Borrower and Lender. All capitalized terms used in this Supplement and not otherwise defined in this Supplement have the meanings ascribed to them in Article 10 of the Loan and Security Agreement, which is incorporated in its entirety into this Supplement. In the event of any inconsistency between the provisions of the Loan and Security Agreement and this Supplement, this Supplement is controlling.
CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS AGREEMENT (INDICATED BY “[***]”) BECAUSE ILEARNINGENGINES, INC. HAS DETERMINED SUCH INFORMATION (I) IS NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.Agreement • December 8th, 2023 • Arrowroot Acquisition Corp. • Services-prepackaged software
This is a Supplement identified in the document entitled Loan and Security Agreement, dated as of October 21, 2021 (as amended, restated, supplemented and modified from time to time, the “Loan and Security Agreement”), by and between Borrower and Lender. All capitalized terms used in this Supplement and not otherwise defined in this Supplement have the meanings ascribed to them in Article 10 of the Loan and Security Agreement, which is incorporated in its entirety into this Supplement. In the event of any inconsistency between the provisions of the Loan and Security Agreement and this Supplement, this Supplement is controlling.
AMENDMENT NO. 1 TO LOAN DOCUMENTSLoan Documents • December 8th, 2023 • Arrowroot Acquisition Corp. • Services-prepackaged software
This Amendment No. 1 to Loan Documents (this “Amendment”) is dated as of October 21, 2021, by and between iLearningEngines Inc., a Delaware corporation (“Borrower”), and Venture Lending & Leasing IX, Inc., a Maryland corporation (“Lender”).
EMPLOYMENT AGREEMENTEmployment Agreement • December 8th, 2023 • Arrowroot Acquisition Corp. • Services-prepackaged software • Massachusetts
This Employment Agreement (the “Agreement”) is entered into on October 12, 2023 by and between David Samuels (the “Executive”) and iLearningEngines, Inc. (the “Company”).
