LOAN AND SECURITY AGREEMENTLoan and Security Agreement • March 15th, 2021 • Zoom Telephonics, Inc. • Telephone & telegraph apparatus • Delaware
Contract Type FiledMarch 15th, 2021 Company Industry JurisdictionTHIS LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as of March 12, 2021 (the “Effective Date”) between (a) SILICON VALLEY BANK, a California corporation (“Bank”), and (b) (i) ZOOM TELEPHONICS, INC., a Delaware corporation (“Zoom”), and (ii) MINIM INC., a Delaware corporation (“Minim”, together with Zoom, jointly and severally, individually and collectively, the “Borrower”), provides the terms on which Bank shall lend to Borrower and Borrower shall repay Bank. The parties agree as follows: