Security AgreementSecurity Agreement • May 15th, 2018 • Mikros Systems Corp • Measuring & controlling devices, nec
THIS SECURITY AGREEMENT (this “Agreement”), dated as of this 31 day of January, 2018, is made by and between MIKROS SYSTEMS CORPORATION (the “Grantor”), with an address at 200 Commerce Drive, Suite 300, Fort Washington, Pennsylvania 19034, and PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at 1950 Marlton Pike East, Cherry Hill, New Jersey 08003.
Committed Line of Credit Note (Daily LIBOR)Mikros Systems Corp • May 15th, 2018 • Measuring & controlling devices, nec
FOR VALUE RECEIVED, MIKROS SYSTEMS CORPORATION (the “Borrower”), with an address at 200 Commerce Drive, Suite 300, Fort Washington, Pennsylvania 19034, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), in lawful money of the United States of America in immediately available funds at its offices located at 1950 Marlton Pike East, Cherry Hill, New Jersey 08003, or at such other location as the Bank may designate from time to time, the principal sum of FIVE HUNDRED FIFTY THOUSAND AND 00/100 DOLLARS ($550,000.00) (the “Facility”) or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.
Loan AgreementLoan Agreement • May 15th, 2018 • Mikros Systems Corp • Measuring & controlling devices, nec
THIS LOAN AGREEMENT (the “Agreement”), is entered into as of January 31, 2018, between MIKROS SYSTEMS CORPORATION, a Delaware corporation (the “Borrower”), with an address at 200 Commerce Drive Suite 300, Fort Washington, Pennsylvania 19034, and PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at 1950 Marlton Pike East, Cherry Hill, New Jersey 08003.
