Common use of Note Collateral Clause in Contracts

Note Collateral. The Note shall be secured by the collateral set forth in that certain Security Agreement attached hereto as Exhibit I listing all of the Company’s assets, including without limitation the Secured Buyer Notes and the Buyer Notes, as security for the Company’s obligations under the Transaction Documents (the “Security Agreement”). The Note shall be further secured by certain Stock Pledge Agreements in the form attached hereto as Exhibit J (collectively, the “Stock Pledge Agreements”), which Stock Pledge Agreements shall be made by each stockholder of the Company (the “Stockholders”) in favor of Buyer with respect to all of such Stockholder’s shares of Class A Preferred Stock of the Company (“Class A Preferred”), as more specifically set forth in the Stock Pledge Agreements, all the terms and conditions of which are hereby incorporated and made a part of this Agreement.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Cabinet Grow, Inc.), Securities Purchase Agreement (Cabinet Grow, Inc.)