LOAN AND SECURITY AGREEMENTLoan and Security Agreement • January 5th, 2024 • Ammo, Inc. • Ordnance & accessories, (no vehicles/guided missiles)
This LOAN AND SECURITY AGREEMENT (as it may be amended, restated, supplemented or modified from time to time, this “Agreement”) is entered into as of December 29, 2023, by and among AMMO, INC., a Delaware corporation (“Ammo”), AMMO TECHNOLOGIES INC., an Arizona corporation (“Ammo Technologies”), ENLIGHT GROUP II, LLC, a Delaware limited liability company (“Enlight”), and AMMO MUNITIONS, INC., a Delaware corporation (“Ammo Munitions” and together with Ammo, Ammo Technologies, and Enlight, individually and collectively, jointly and severally, “Borrower”), the Lenders party hereto (collectively, the “Lenders”), and SUNFLOWER BANK, N.A., as administrative agent and collateral agent for Lenders (in such capacity, “Agent”).
