SECURITY AGREEMENT (Intellectual Property)Security Agreement • August 28th, 2009 • Sielox Inc • Services-detective, guard & armored car services • Utah
This Security Agreement (the “Security Agreement”) is made between Sielox, LLC, a Delaware limited liability company (“Borrower”), and Summit Financial Resources, L.P., a Hawaii limited partnership (“Lender”), pursuant to a Loan and Security Agreement between Lender and Borrower dated August 17, 2009 (the “Loan Agreement”).
LOAN AND SECURITY AGREEMENT Between SUMMIT FINANCIAL RESOURCES, L.P. Lender and SIELOX, LLC Borrower Effective Date: August 17, 2009Loan and Security Agreement • August 28th, 2009 • Sielox Inc • Services-detective, guard & armored car services • Utah
REVOLVING CREDIT AND SECURITY AGREEMENT By and Between COMPASS BANK and COSTAR VIDEO SYSTEMS, LLC August 21, 2009Revolving Credit and Security Agreement • August 28th, 2009 • Sielox Inc • Services-detective, guard & armored car services
This Revolving Credit and Security Agreement (as may be amended, this “Agreement”) is executed and delivered this 21 day of August , 2009, by and between COSTAR VIDEO SYSTEMS, LLC, a Delaware limited liability company (“Borrower”), with its chief executive office and its principal place of business at 2720 Commodore Drive, Carrollton, Texas 75007, and COMPASS BANK (“Bank”), 8080 N. Central Expressway, Suite 320, Dallas, Texas 75206, Attention: Dallas Commercial Funding Department. Borrower has applied to Bank for a revolving line of credit not to exceed an aggregate principal amount at anyone time outstanding the sum of FOUR MILLION AND N0/100 DOLLARS ($4,000,000.00) (as may be amended, the “Revolving Line”) to be evidenced by a Master Revolving Promissory Note (as may be amended, the “Note”) in such amount and to be secured by a security interest in all of the Collateral (as defined herein) on the terms hereinafter set forth.
UNLIMITED GUARANTYUnlimited Guaranty • August 28th, 2009 • Sielox Inc • Services-detective, guard & armored car services • Texas
THIS UNLIMITED GUARANTY (“Guaranty”) is made as of the 21 day of August, 2009 by Guarantor (as hereinafter defined) for the benefit of Bank (as hereinafter defined).
