LOAN AND SECURITY AGREEMENT Dated as of December 18, 2015 among Siena Lending Group LLC, as Lender, I.D. Systems, Inc. and Asset Intelligence, llc, as Borrowers, and THE OTHER LOAN PARTY OBLIGORS HERETO FROM TIME TO TIME as Loan Party ObligorsLoan and Security Agreement • December 23rd, 2015 • Id Systems Inc • Communications equipment, nec • New York
This Loan and Security Agreement (as it may be amended, restated or otherwise modified from time to time, this “Agreement”) is entered into on December 18, 2015 among (1) SIENA LENDING GROUP LLC, together with its successors and assigns (“Lender”), (2) I.D. SYSTEMS, INC., a Delaware corporation, and ASSET INTELLIGENCE, LLC, a Delaware limited liability company (collectively and individually, and jointly and severally, “Borrower” or “Borrowers”), and (3) the other Loan Party Obligors party hereto from time to time, as Loan Party Obligors (as defined herein). The Schedules and Exhibits to this Agreement are an integral part of this Agreement and are incorporated herein by reference. Terms used, but not defined elsewhere, in this Agreement are defined in Schedule B.
