CREDIT AND SECURITY AGREEMENT dated as of October 14, 2022 among FIFTH THIRD BANK, NATIONAL ASSOCIATION, as Lender, and THE SINGING MACHINE COMPANY, INC. and SMC LOGISTICS, INC., collectively, as BorrowerCredit and Security Agreement • October 20th, 2022 • Singing Machine Co Inc • Phonograph records & prerecorded audio tapes & disks • Illinois
This Credit and Security Agreement (as amended, modified or supplemented from time to time, this “Agreement”) is made as of October 14, 2022, by and among Fifth Third Bank, National Association (“Lender”) and THE SINGING MACHINE COMPANY, INC., a Delaware corporation (“SMCI”) and SMC LOGISTICS, INC., a California corporation (“Logistics”) (collectively, “Borrower”).
