Common Contracts

2 similar Security Agreement contracts by Discovery Energy Corp.

SECURITY AGREEMENT
Security Agreement • May 5th, 2020 • New York

This SECURITY AGREEMENT, dated as of May 27, 2016 (this “Agreement”), is among Discovery Energy Corp., a Nevada corporation (the “Company”), all of the Subsidiaries of Company (such subsidiaries, the “Guarantors” and together with Company, the “Debtors”) and Agent (as defined in Section 18 below), for the benefit of the holders of Company’s Senior Secured Convertible Debentures due May 27, 2021 following their issuance, in the original aggregate principal amount of $3,500,000 (as increased from time to time pursuant to the terms of the Transaction Documents) (collectively, as amended and in effect from time to time, the “Debentures”), their endorsees, transferees and assigns (collectively, the “Secured Parties”).

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SECURITY AGREEMENT
Security Agreement • June 2nd, 2016 • Discovery Energy Corp. • Oil & gas field exploration services • New York

This SECURITY AGREEMENT, dated as of May 27, 2016 (this “Agreement”), is among Discovery Energy Corp., a Nevada corporation (the “Company”), all of the Subsidiaries of Company (such subsidiaries, the “Guarantors” and together with Company, the “Debtors”) and Agent (as defined in Section 18 below), for the benefit of the holders of Company’s Senior Secured Convertible Debentures due May 27, 2021 following their issuance, in the original aggregate principal amount of $3,500,000 (as increased from time to time pursuant to the terms of the Transaction Documents) (collectively, as amended and in effect from time to time, the “Debentures”), their endorsees, transferees and assigns (collectively, the “Secured Parties”).

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