LOAN AND SECURITY AGREEMENTLoan and Security Agreement • August 3rd, 2023 • Flux Power Holdings, Inc. • Miscellaneous electrical machinery, equipment & supplies • Illinois
This LOAN AND SECURITY AGREEMENT dated as of July 28, 2023 (the “Agreement”), is executed by and among FLUX POWER HOLDINGS, INC., a Nevada corporation (“Holdings”), whose address is 2685 S. Melrose Drive, Vista, California 92081, FLUX POWER, INC., a California corporation (“Flux” and, together with Holdings, individually and collectively, jointly and severally, “Borrower”), whose address is 2685 S. Melrose Drive, Vista, California 92081, and GIBRALTAR BUSINESS CAPITAL, LLC, a Delaware limited liability company (the “Lender”), whose address is 400 Skokie Boulevard, Suite 375, Northbrook, Illinois 60062.
REVOLVING NOTEFlux Power Holdings, Inc. • August 3rd, 2023 • Miscellaneous electrical machinery, equipment & supplies
This Revolving Note evidences the Revolving Loans under and pursuant to the Loan Agreement, to which reference is hereby made for a statement of the terms and conditions under which the Maturity Date or any payment hereon may be accelerated. The holder of this Revolving Note is entitled to all of the benefits and security provided for in the Loan Agreement. All Revolving Loans shall be repaid by the Borrower on the Maturity Date, unless payable sooner pursuant to the provisions of the Loan Agreement.
INTELLECTUAL PROPERTY SECURITY AGREEMENTIntellectual Property Security Agreement • August 3rd, 2023 • Flux Power Holdings, Inc. • Miscellaneous electrical machinery, equipment & supplies
This INTELLECTUAL PROPERTY SECURITY AGREEMENT (“Agreement”), dated as of July 28, 2023, is executed by and among FLUX POWER HOLDINGS, INC., a Nevada corporation (“Holdings”), FLUX POWER, INC., a California corporation (“Flux” and, together with Holdings, individually and collectively, jointly and severally, “Debtor”), and GIBRALTAR BUSINESS CAPITAL, LLC, a Delaware limited liability company, having a business location at the address set forth below under its signature (“Secured Party”).
