10% SECURED SUBORDINATED CONVERTIBLE NOTE DUE September 30, 2016Bridgeline Digital, Inc. • October 4th, 2013 • Services-prepackaged software • New York
THIS 10% SUBORDINATED SECURED CONVERTIBLE NOTE is one of a series of duly authorized and validly issued 10% Subordinated Secured Convertible Notes of Bridgeline Digital, Inc., a Delaware corporation, (the “Company”), having its principal place of business at 80 Blanchard Rd, Burlington, MA 01803, designated as its 10% Secured Subordinated Convertible Note due September 30, 2016 (this Note, the “Note” and, collectively with the other Notes of such series, the “Notes”).
ContractSecurity Agreement • October 4th, 2013 • Bridgeline Digital, Inc. • Services-prepackaged software • New York
IN ACCORDANCE WITH A CERTAIN SUBORDINATION AGREEMENT BY AND AMONG THE COLLATERAL AGENT, THE BORROWER AND SILICON VALLEY BANK, THE COLLATERAL AGENT, ON BEHALF OF THE LENDERS, HAS SUBORDINATED ANY SECURITY INTEREST OR LIEN THAT COLLATERAL AGENT AND/OR ANY LENDER MAY HAVE IN ANY PROPERTY OF THE BORROWER TO THE SECURITY INTEREST OF SILICON VALLEY BANK IN ALL ASSETS OF THE BORROWER, NOTWITHSTANDING THE RESPECTIVE DATES OF ATTACHMENT OR PERFECTION OF THE SECURITY INTEREST OF THE COLLATERAL AGENT AND SILICON VALLEY BANK.
