LOAN AND SECURITY AGREEMENTLoan and Security Agreement • July 30th, 2020 • Optical Cable Corp • Drawing & insulating of nonferrous wire • New Jersey
THIS LOAN AND SECURITY AGREEMENT is entered into as of July 24, 2020 by and between NORTH MILL CAPITAL LLC, a Delaware limited liability company (Lender), with an office located at 821 Alexander Road, Suite 130, Princeton, New Jersey 08540 and OPTICAL CABLE CORPORATION, a Virginia corporation (Optical), with its chief executive office located at 5290 Concourse Drive, Roanoke, Virginia 24019, APPLIED OPTICAL SYSTEMS, INC., a Delaware corporation (Applied), with its chief executive office located at 1700 Capital Avenue, Suite 150, Plano, Texas 75074, and CENTRIC SOLUTIONS LLC, a Delaware limited liability company (Centric, and together with Optical and Applied, individually and collectively, Borrower), with its chief executive office located at 1700 Capital Avenue, Suite 150, Plano, Texas 75074.
Pinnacle BankOptical Cable Corp • July 30th, 2020 • Drawing & insulating of nonferrous wire
Re: Credit Agreement dated April 26, 2016, by and between Pinnacle Bank, a Tennessee banking corporation, successor in interest through name change and merger with Bank of North Carolina ("Pinnacle"), and Optical Cable Corporation, a Virginia corporation ("Borrower") (as amended, modified, supplemented, substituted, extended or renewed from time to time, the "Credit Agreement"; all capitalized terms used in this payoff letter and not defined have the meanings ascribed to such terms in the Credit Agreement)
