Common use of Secured Note Clause in Contracts

Secured Note. The full amount of this Note is secured by the Collateral (as defined in the Security Agreement) identified and described as security therefor in the Security Agreement, the Pledge Agreement, the Company Patent Security Agreement and the Company Trademark Security Agreement. In addition, the obligations are also guaranteed by the Company’s wholly-owned subsidiary, WiSA, LLC (“WiSA LLC”) pursuant to the WiSA LLC Guaranty, and all of WiSA LLC’s obligations under the WiSA LLC Guaranty are secured by the “Collateral” (as defined in the WiSA LLC Security Agreement) identified and described as security therefor in the WiSA LLC Security Agreement and the WiSA LLC Trademark Security Agreement.

Secured Note. The full amount of this Note is secured by the Collateral (as defined in the Security Agreement) identified and described as security therefor in the Security Agreement, the Pledge Agreement, the Company Patent Security Agreement and the Company Trademark Security Agreement. In addition, the obligations are also guaranteed by the Company’s wholly-owned subsidiary, WiSA, LLC (“WiSA LLCWiSA”) pursuant to the WiSA LLC Guaranty, and all of WiSA LLCWiSA’s obligations under the WiSA LLC Guaranty are secured by the “Collateral” (as defined in the WiSA LLC Security Agreement) identified and described as security therefor in the WiSA LLC Security Agreement and the WiSA LLC Trademark Security Agreement.