0001437749-11-000267 Sample Contracts

LOAN AND SECURITY AGREEMENT

Loan and Security Agreement • January 14th, 2011 • Location Based Technologies, Inc. • Search, detection, navagation, guidance, aeronautical sys • Nevada

• Contract Type
  Loan and Security Agreement
• Filed
  January 14th, 2011
• Company
  Location Based Technologies, Inc.
• Industry
  Search, detection, navagation, guidance, aeronautical sys
• Jurisdiction
  Nevada

THIS LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as of January 5, 2011 (the “Effective Date”) between SILICON VALLEY BANK, a California corporation (“Bank”), and LOCATION BASED TECHNOLOGIES, INC., a Nevada corporation (“Borrower”), provides the terms on which Bank shall lend to Borrower and Borrower shall repay Bank. The parties agree as follows: