Banc of America Leasing & Capital, LLC Master Loan and Security Agreement Number: 26928-70000Security Agreement • May 1st, 2014 • Psychemedics Corp • Services-medical laboratories
This Master Loan and Security Agreement, dated as of March 19. 2014 (this “Agreement”), is by and between Banc of America Leasing & Capital, LLC, a Delaware limited liability company having an office at 125 Dupont Drive, Providence, R1 02907 (together with its successors and assigns, “Lender”), and Psychemedics Corporation (as “Borrower”), a Corporation existing under the laws of the state of Delaware, and having its chief executive office and any organizational identification number as specified with its execution of this Agreement below. Certain defined terms used herein are identified in bold face and quotation marks throughout this Agreement and in Section 14 below. This Agreement sets forth the terms and conditions for the financing of Equipment between Lender and Borrower pursuant to one or more “Equipment Notes” incorporating by reference the terms of this Agreement, together with all exhibits, addenda, schedules, certificates, riders and other documents and instruments executed
Banc of America Leasing & Capital, LLC Equipment Security Note Number 001Psychemedics Corp • May 1st, 2014 • Services-medical laboratories
This Equipment Security Note No. 001, dated as March 24, 2014, (this “Equipment Note”), is entered into pursuant to and incorporates by this reference all of the terms and provisions of that certain Master Loan and Security Agreement No. 26928-70000 dated as of March 19, 2014 (the “Master Agreement”), by and between Banc of America Leasing & Capital, LLC (“Lender”) Psychemedics Corporation (“Borrower”). All capitalized terms used herein and not defined herein shall have the respective meanings assigned to such terms in the Master Agreement. If any provision of this Equipment Note conflicts with any provision of the Master Agreement, the provisions contained in this Equipment Note shall prevail. Borrower hereby authorizes Lender to insert the serial numbers and other identification data of the Equipment, dates, and other omitted factual matters or descriptions in this Equipment Note.
