TO CREDIT AND SECURITY AGREEMENTForbearance Agreement • March 6th, 2019 • TRANS LUX Corp • Miscellaneous manufacturing industries • New York
THIS FORBEARANCE AGREEMENT TO CREDIT AND SECURITY AGREEMENT (this “Agreement”), dated as of March 1, 2019, and effective as of February 28, 2019, is made and entered into by and among CNH FINANCE FUND I, L.P., a Delaware limited partnership (formerly known as SCM Specialty Finance Opportunities Fund, L.P.) (“Lender”), and TRANS-LUX CORPORATION, a Delaware corporation (“Trans-Lux Corp.”), TRANS-LUX DISPLAY CORPORATION, a Delaware corporation, TRANS-LUX MIDWEST CORPORATION, an Iowa corporation, TRANS-LUX ENERGY CORPORATION, a Connecticut corporation (collectively, “Borrowers”).
March 4, 2019 Unilumin North America, Inc. New York, NY 10001Securities Purchase Agreement • March 6th, 2019 • TRANS LUX Corp • Miscellaneous manufacturing industries • New York
Reference is hereby made to that certain Securities Purchase Agreement between the Trans-Lux Corporation (the “Company”) and Unilumin North America, Inc. (the “Warrant Holder”), dated as of November 2, 2018 (the “Purchase Agreement”) (as the same may be amended, modified or supplemented from time to time, the “Agreement”), and that certain warrant (the “Warrant”) to purchase 5,670,103 shares of the Company’s common stock to the Warrant Holder at an exercise price of $0.97 per share (the “Exercise Price”). The Company and the Warrant Holder are sometimes referred to herein together as the “Parties”, and each as a “Party.”
