CANADIAN SECURITY AND PLEDGE AGREEMENTCanadian Security and Pledge Agreement • May 8th, 2012 • Digital Domain Media Group, Inc. • Services-motion picture & video tape production • British Columbia
CANADIAN SECURITY AND PLEDGE AGREEMENT, dated as of May 7, 2012 (this “Agreement”), is made by Digital Domain Media Group, Inc., a Florida corporation (the “Company”), and Digital Domain Productions (Vancouver) Ltd. (“Digital Domain Vancouver”, and together with the Company, each a “Grantor” and collectively, the “Grantors”), in favour of Hudson Bay Master Fund Ltd., a company organized under the laws of the Cayman Islands, in its capacity as agent (in such capacity, the “Collateral Agent”) for the “Buyers” (as defined below) party to the Securities Purchase Agreement, dated as of May 6, 2012 (as amended, restated or otherwise modified from time to time, the “Securities Purchase Agreement”).
