SECURITY AGREEMENT dated as of August 3, 2020 among BASANITE, INC. (the “Borrower”) and THE RICHARD A. LoRICCO SR. AND LUCILLE M. LoRICCO IRREVOCABLE INSURANCE TRUST DTD 4/28/95, LOUIS DEMAIO AS TRUSTEE (the “Agent”)Security Agreement • August 10th, 2020 • Basanite, Inc. • Services-advertising • Florida
This SECURITY AGREEMENT, dated as of August 3, 2020, is made by the Company, in favor of The Richard A. LoRicco Sr. and Lucille M. LoRicco Irrevocable Insurance Trust DTD 4/28/95, Louis Demaio as Trustee as agent for itself and [____________] (collectively, the “Lenders”).
