LOAN AND SECURITY AGREEMENT (ALL ASSETS)Loan and Security Agreement • April 26th, 2024 • Star Equity Holdings, Inc. • Electromedical & electrotherapeutic apparatus
THIS LOAN AND SECURITY AGREEMENT (the “Agreement”) is made as of April 24, 2024 by and between KBS Builders, Inc., a Delaware corporation with a place of business at 300 Park Street, South Paris, Maine 04281 (hereinafter, together with its permitted successors and assigns hereunder, referred to as “Borrower”) and KEYBANK NATIONAL ASSOCIATION, a national banking association with a place of business at One Canal Plaza, 3rd Floor, Portland, Maine 04101 (hereinafter, together with its successors and assigns, called “Bank”), WHO AGREE as follows:
GUARANTY (Organization)Star Equity Holdings, Inc. • April 26th, 2024 • Electromedical & electrotherapeutic apparatus • Maine
THIS GUARANTY (as the same may from time to time be amended, restated or otherwise modified, “Guaranty”) is made as of the 24th day of April, 2024, by STAR EQUITY HOLDINGS, INC., a Delaware corporation, with offices at 53 Forest Avenue, Suite 101, Old Greenwich, Connecticut 06870, and its successors and assigns (“Guarantor”), in order to induce KEYBANK NATIONAL ASSOCIATION, a national banking association, with offices at One Canal Plaza, 3rd Floor, Portland, Maine 04101, and its successors and assigns (“Lender”) to extend or continue to extend credit to KBS BUILDERS, INC., a Delaware corporation and its successors and assigns, (“Borrower”), and in consideration thereof, and other good and valuable consideration, hereby unconditionally and absolutely guarantees the punctual and full performance of all Obligations (as hereinafter defined) of Borrower. “Obligations” means every liability, now or hereafter owing to Lender or any affiliate of Lender (“Lender Affiliate”) by Borrower, and inc
