LOAN AND SECURITY AGREEMENT By and among 1ST FRANKLIN FINANCIAL CORPORATION as Borrower WELLS FARGO PREFERRED CAPITAL, INC. as Agent Each of the financial institutions now or hereafter a party hereto as LendersLoan and Security Agreement • September 17th, 2009 • 1st FRANKLIN FINANCIAL CORP • Personal credit institutions • New York
This LOAN AND SECURITY AGREEMENT is made as of the 11th day of September, 2009 by and among 1ST FRANKLIN FINANCIAL CORPORATION, a Georgia corporation with its chief executive office at 135 East Tugalo Street, Toccoa, Georgia 30577 and such other Persons joined hereto from time to time as borrowers pursuant to written agreement by the parties hereto (collectively, the “Borrowers” and each individually is referred to as a “Borrower”), WELLS FARGO PREFERRED CAPITAL, INC., as agent for Lenders (“Agent”), an Iowa corporation with its principal office located at 800 Walnut Street, Des Moines, Iowa 50309, and the financial institutions from time to time party hereto (collectively, the “Lenders” and each individually is referred to as a “Lender”).
