SECURITY AGREEMENTSecurity Agreement • June 25th, 2015 • Surna Inc. • Services-business services, nec
Whereas, in contemplation of the purchase of the assets of Agrisoft Development Group, LLC (“ADG”) by Kind Agrisoft, LLC (“Debtor”), the parties previously entered into a binding Memorandum of Understanding for the repayment of debts to Surna, Inc. (“Secured Party”) by Debtor in which Secured Party agreed to extinguish its lien on the assets of ADG in return for the promise by Debtor to pay the debts secured by that lien and to secure such promises similarly as herein described,
