REVOLVING CREDIT NOTEAxion International Holdings, Inc. • November 21st, 2013 • Plastics foam products
For value received, the undersigned, AXION INTERNATIONAL HOLDINGS, INC., a Colorado corporation (“Parent”), AXION INTERNATIONAL, INC., a Delaware corporation and a wholly-owned subsidiary of Parent (“AXI”), and AXION RECYCLED PLASTICS INCORPORATED, an Ohio corporation and a wholly-owned subsidiary of AXI (together with Parent and AXI, “Borrowers”), hereby promise to pay to the order of Samuel G. Rose (“Lender”) or his assigns, as further provided herein, the principal amount of up to One Million Two Hundred Fifty Thousand Dollars ($1,250,000) or so much thereof as has been advanced and remains unpaid under the Agreement referred to in Section 1 hereof, together with interest on the unpaid principal balance from time to time outstanding hereunder until paid in full at the rates and in the manner determined in accordance with the provisions hereof and of the Agreement, subject to the terms of the Agreement.
SECURITY AGREEMENTSecurity Agreement • November 21st, 2013 • Axion International Holdings, Inc. • Plastics foam products • Maryland
THIS SECURITY AGREEMENT is dated November 15, 2013 (this “Agreement”), among Axion International Holdings, Inc., a Colorado corporation (“Parent”), AXION INTERNATIONAL, INC., a Delaware corporation and a wholly-owned subsidiary of Parent (“AXI”), and Axion Recycled Plastics Incorporated, an Ohio corporation and a wholly-owned subsidiary of AXI (together with Parent and AXI, each a “Pledgor” and collectively, the “Pledgors”), and the secured parties identified on the signature page hereto (individually and collectively, the “Secured Party”).
REVOLVING CREDIT NOTEAxion International Holdings, Inc. • November 21st, 2013 • Plastics foam products
For value received, the undersigned, AXION INTERNATIONAL HOLDINGS, INC., a Colorado corporation (“Parent”), AXION INTERNATIONAL, INC., a Delaware corporation and a wholly-owned subsidiary of Parent (“AXI”), and AXION RECYCLED PLASTICS INCORPORATED, an Ohio corporation and a wholly-owned subsidiary of AXI (together with Parent and AXI, “Borrowers”), hereby promise to pay to the order of MLTM Lending, LLC (“Lender”) or its assigns, as further provided herein, the principal amount of up to One Million Two Hundred Fifty Thousand Dollars ($1,250,000) or so much thereof as has been advanced and remains unpaid under the Agreement referred to in Section 1 hereof, together with interest on the unpaid principal balance from time to time outstanding hereunder until paid in full at the rates and in the manner determined in accordance with the provisions hereof and of the Agreement, subject to the terms of the Agreement.
ASSET PURCHASE AGREEMENTAsset Purchase Agreement • November 21st, 2013 • Axion International Holdings, Inc. • Plastics foam products • Ohio
This Asset Purchase Agreement (this “Agreement”) made this 15th day of November, 2013 by and between AXION RECYCLED PLASTICS INCORPORATED, an Ohio Corporation (“Purchaser”), Y CITY RECYCLING, LLC, an Ohio limited liability company (“Seller”), and BRIAN COLL and RENEE COLL, husband and wife (jointly and severally the “Colls”).
REVOLVING CREDIT and Letter of Credit Support AGREEMENTRevolving Credit and Letter of Credit Support Agreement • November 21st, 2013 • Axion International Holdings, Inc. • Plastics foam products • Maryland
THIS REVOLVING CREDIT AND LETTER OF CREDIT SUPPORT AGREEMENT is dated November 15, 2013, among AXION INTERNATIONAL HOLDINGS, INC., a Colorado corporation (“Parent”), AXION INTERNATIONAL, INC., a Delaware corporation and a wholly-owned subsidiary of Parent (“AXI”), AXION Recycled Plastics Incorporated, an Ohio corporation and a wholly-owned subsidiary of AXI (“Axion Recycling” and together with Parent and AXI, each a “Borrower” and collectively, “Borrowers”), as borrowers, and the lenders identified on the signature page hereto (each, a “Lender” and collectively, “Lenders”).
