LOAN AND SECURITY AGREEMENT Dated as of May 16, 2011 between KIT DIGITAL, INC., a Delaware corporation, as “Borrower”, and VENTURE LENDING & LEASING VI, INC., a Maryland corporation, as “Lender” LOAN AND SECURITY AGREEMENTLoan and Security Agreement • March 30th, 2012 • KIT Digital, Inc. • Services-services, nec • California
The Borrower and Lender have entered or anticipate entering into one or more transactions pursuant to which Lender agrees to make available to Borrower a loan facility governed by the terms and conditions set forth in this document and one or more Supplements executed by Borrower and Lender which incorporate this document by reference. Each Supplement constitutes a supplement to and forms part of this document, and will be read and construed as one with this document, so that this document and the Supplement constitute a single agreement between the parties (collectively referred to as this “Agreement”).
KIT DIGITAL, INC. TRANSITION AGREEMENT WITH KALEIL ISAZA TUZMAN SUMMARY OF TERMS March 23, 2012Transition Agreement • March 30th, 2012 • KIT Digital, Inc. • Services-services, nec • Delaware
General: Kaleil Isaza Tuzman (“Isaza Tuzman”) is currently the Chairman of the Board and Chief Executive Officer of KIT digital, Inc., a Delaware corporation (the “Company”). Isaza Tuzman and the Company (together, the “Principal Parties”) have agreed that Isaza Tuzman will step down from his role as Chief Executive Officer, but will continue to serve as Chairman of the Board of Directors (the “Board”) of the Company, pursuant to the terms and conditions set forth in this Summary of Terms (“Term Sheet”). The parties agree that promptly following acceptance of this Term Sheet they shall negotiate and enter into such definitive agreement(s) as may be necessary or appropriate in accordance with applicable laws and consistent with the terms hereof (the “Agreement”).
