SECURITIES PLEDGE AGREEMENTSecurities Pledge Agreement • April 15th, 2011 • American BioCare, Inc. • Investors, nec • Michigan
This Securities Pledge Agreement dated as of April 11, 2011 (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”) is made by CC Tennessee Holdings, LLC, a Nevada limited liability company (the “Parent”), in favor of Citizens Bank, a Michigan banking corporation (the “Lender”).
SECURITY AGREEMENTSecurity Agreement • April 15th, 2011 • American BioCare, Inc. • Investors, nec • Michigan
American BioCare, Inc., a Nevada corporation (“American”), and Citizens Bank, a Michigan banking corporation (“Citizens”) enter into this Security Agreement (this “Security Agreement”) as of April 11, 2011.
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • April 15th, 2011 • American BioCare, Inc. • Investors, nec • Michigan
CITIZENS BANK, a Michigan banking corporation (“Lender”), CARE CHOICES OF TENNESSEE, INC., a Tennessee corporation (“CCT”) and CC TENNESSEE HOLDINGS, LLC, a Nevada limited liability company (“Holdings” or together with CCT, the “Borrowers” or individually, a “Borrower”) enter into this Loan and Security Agreement (this “Agreement”) as of April 11, 2011.
INTERCREDITOR AND SUBORDINATION AGREEMENTIntercreditor and Subordination Agreement • April 15th, 2011 • American BioCare, Inc. • Investors, nec • Michigan
Citizens Bank (“Citizens”), Patrick Pickel and Robin Adkins (together the “Creditors” or individually, a “Creditor”), Care Choices of Tennessee, Inc. , a Tennessee corporation (“CCT”) and CC Tennessee Holdings, LLC, a Nevada limited liability company (“Holdings” or together with CCT, the “Borrowers” or individually, a "Borrower") enter into this Agreement as of April 11, 2011.
SECURED PROMISSORY TERM NOTESecured Promissory Note • April 15th, 2011 • American BioCare, Inc. • Investors, nec
FOR VALUE RECEIVED, CC Tennessee Holdings, LLC, a Nevada limited liability company, and Care Choices of Tennessee, Inc., a Tennessee corporation (collectively, the "Borrowers") hereby jointly and severally promise to pay to the order of Citizens Bank, its successors and assigns (together "Lender") at 328 S. Saginaw Street, Flint, MI 48502, or at such other place as the holder hereof may from time to time designate in writing, the principal sum of One Million Five Hundred Thousand and no/100 ($1,500,000.00) plus interest and all charges thereon as provided below, with principal payable as follows:
GUARANTYGuaranty • April 15th, 2011 • American BioCare, Inc. • Investors, nec • Michigan
American BioCare, Inc., a Nevada corporation ("Guarantor") executes this Guaranty (this "Guaranty") in favor of Citizens Bank ("Lender") as of April 11, 2011.
SECURED REVOLVING LINE OF CREDIT NOTESecured Revolving Line of Credit Note • April 15th, 2011 • American BioCare, Inc. • Investors, nec
This Note is given in accordance with, and is subject to the terms and conditions of the Loan Agreement. The indebtedness evidenced by this Note is secured by the Collateral and all other collateral granted Lender under and pursuant to the terms of the Loan Documents (and all agreements and documents referred to or incorporated therein) and all other collateral granted to Lender by the Borrowers at any time to secure any present or future obligations to Lender.
