SECURITY AGREEMENTSecurity Agreement • January 7th, 2014 • Talon International, Inc. • Wholesale-apparel, piece goods & notions
This Security Agreement (“Agreement”) is executed at Los Angeles, California on December 31, 2013 by TALON INTERNATIONAL, INC., a Delaware corporation (herein called “Debtor”), in favor of UNION BANK, N.A. (herein called “Bank”) in connection with the Commercial Credit Agreement dated on or about the date hereof (the “Credit Agreement”) between Debtor and Bank.
Obligor Number: COMMERCIAL CREDIT AGREEMENT EXECUTION VERSIONCommercial Credit Agreement • January 7th, 2014 • Talon International, Inc. • Wholesale-apparel, piece goods & notions • California
THIS COMMERCIAL CREDIT AGREEMENT (this “Agreement”) is entered into as of the date set forth below between Talon International, Inc., a Delaware corporation (“Borrower”), and Union Bank, N.A. (“Bank”) with respect to each and every loan or other extension of credit simultaneously or hereafter made or to be made available by Bank to Borrower that is not secured by real property and that is not subject to any consumer-disclosure law or regulation (whether one or more, collectively referred to herein as the “Loan”).
