AMENDED AND RESTATED LOAN AND SECURITY AGREEMENTLoan and Security Agreement • August 22nd, 2024 • Infinite Group Inc • Services-prepackaged software • Delaware
THIS AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (the “Agreement”) is dated as of August 16, 2024, by and between INFINITE GROUP, INC., a Delaware corporation (the “Borrower”), and HARRY HOYEN, an individual resident of Marblehead, Ohio whose address is 125 Cove Ct. Drive, Marblehead, Ohio 43440 (together with his successors or assigns, the “Lender”) amends, restates and supersedes in its entirety that certain prior Loan and Security Agreement between the parties hereto, dated August 5, 2024 (“Prior Agreement”) and is being entered into to correct certain inadvertently incorrect references in the Prior Agreement. Terms contained in this Agreement shall, unless otherwise defined herein or unless the context otherwise indicates, have the meanings, if any, assigned to them by the UCC (as hereinafter defined).
