Security Agreement Sample Contracts

Security Agreement

A security agreement creates an interest in a specific property-- real or personal-- to guarantee the performance of a promise.  The real or personal property becomes the collateral.  Security agreements are routinely use to secure the repayment of a loan.

Nexeon Medsystems Inc – Security Agreement (January 17th, 2017)

SECURITY AGREEMENT (the "Agreement') dated as of January 10, 2017, among Nexeon Medsystems Belgium S.p.r.l., a company incorporated under the laws of Belgium, having its registered office at Rue du Bois St-Jean 15/1 4102 Seraing, Belgium, registered with the Belgian Companies Register under number BE 0525.673.682 ("Borrower", or "Grantor"), and Nexeon Medsystems Europe, S.a r.l., a private limited liability company (societe a responsabilite limitee), having its registered office at 33, rue du Puits Romain, L-8070 Bertrange, Grand Duchy of Luxembourg, registered with the Luxembourg Trade and Companies register under number B 210009 ("Lender", or "Secured Party").

Security Agreement (January 17th, 2017)

This SECURITY AGREEMENT, dated as of January 13, 2017, is entered into by and among the Persons listed on the signature pages hereof as "Grantors" and those additional entities that hereafter become parties hereto by executing the form of Supplement attached hereto as Annex 2 (each sometimes individually referred to herein as a "Grantor" and collectively, the "Grantors"), on the one hand, and AVIDBANK, a California banking corporation in its capacity as agent under the Credit Agreement described below ("Agent"), on the other hand. Initially capitalized terms used in this Security Agreement have the meanings ascribed to such terms in Annex 1. All initially capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Credit Agreement (as defined below).

SECURITY AGREEMENT Dated as of January 6, 2017 Among THE GRANTORS IDENTIFIED HEREIN and CITIBANK, N.A., as Administrative Agent (January 12th, 2017)

SECURITY AGREEMENT dated as of January 6, 2017 (as amended, restated, amended and restated, supplemented and otherwise modified from time to time, the Agreement), by and among the Grantors (as defined below) and Citibank, N.A., as Administrative Agent for the Secured Parties (in such capacity and together with its successors and permitted assigns in such capacity, the Administrative Agent).

Security Agreement (January 10th, 2017)

Pursuant to the Subordinated Indenture, dated as of the date hereof (as amended, restated, amended and restated, supplemented or modified from time to time, the Indenture; capitalized terms used but not defined herein shall have the meanings given such terms in the Indenture), by and among the Grantor, the Trustee and the Secured Party, the Holders have agreed to purchase Securities from the Grantor. In order to induce the Holders to purchase such Securities, the Grantor has agreed to grant a continuing Lien on the Collateral to secure the Obligations (as hereinafter defined). Accordingly, the Grantor hereby agrees as follows:

Security Agreement (January 10th, 2017)

Pursuant to the Credit Agreement, dated as of the date hereof (as amended, restated, amended and restated, supplemented or modified from time to time, the Credit Agreement; capitalized terms used but not defined herein shall have the meanings given such terms in the Credit Agreement), by and among MBIA Insurance Corporation (the Borrower) and the Secured Party, the Secured Party has agreed to make the Loan to the Borrower. In order to induce the Secured Party to make the Loan, the Grantor has agreed to grant a continuing Lien on the Collateral to secure the Obligations (as hereinafter defined). Accordingly, the Grantor hereby agrees as follows:

Security Agreement (January 10th, 2017)

Pursuant to the Indenture, dated as of the date hereof (as amended, restated, amended and restated, supplemented or modified from time to time, the Indenture; capitalized terms used but not defined herein shall have the meanings given such terms in the Indenture), by and among the Grantor, the Trustee, and the Secured Party, the Holders have agreed to purchase Securities from the Grantor. In order to induce the Holders to purchase such Securities, the Grantor has agreed to grant a continuing Lien on the Collateral to secure the Obligations (as hereinafter defined). Accordingly, the Grantor hereby agrees as follows:

Digital Ally – Security Agreement (January 3rd, 2017)

This SECURITY AGREEMENT, dated as of December 30, 2016 (this "Agreement"), is among Digital Ally, Inc., a Nevada corporation (the "Company"), all of the Subsidiaries of the Company (such subsidiaries, the "Guarantors" and together with the Company, the "Debtors") and the holders of the Company's 8% Senior Secured Convertible Debentures due fifteen (15) months following their issuance, in the original aggregate principal amount of $4,000,000 (collectively, the "Debentures") signatory hereto, their endorsees, transferees and assigns (collectively, the "Secured Parties").

Vapor Hub International Inc. – Security Agreement (December 30th, 2016)

THIS SECURITY AGREEMENT, dated as of December 23, 2016 (this Security Agreement), is made by Vapor Hub International Inc., a Nevada corporation (Borrower), in favor of PLY Technology (Lender).

Security Agreement (December 29th, 2016)

THIS SECURITY AGREEMENT (this "Security Agreement") dated as of NOVEMBER 3, 2016, is made by VINTAGE STOCK, INC., a Missouri corporation ("Debtor"), with its principal office and mailing address at 202 E. 32nd Street, Joplin, MO 64804, in favor of TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, whose office address is at 2000 McKinney Avenue, Suite 700, Dallas (Dallas County), TX 75201 (together with its successors and assigns, "Secured Party").

Oncobiologics, Inc. – Security Agreement (December 23rd, 2016)

This Security Agreement dated as of December 22, 2016 ("Security Agreement"), is made by and among Oncobiologics, Inc. a Delaware corporation ("Grantor"), and the Purchasers listed on the signature pages hereto (each, a "Secured Party" and, collectively, the "Secured Parties").

Pacific Ethanol – Security Agreement (December 20th, 2016)

THIS SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this "Agreement"), is made by and among Pacific Ethanol, Inc., a Delaware corporation (the "Company"), each Holder (as defined below) (each, a "Secured Party" and collectively, the "Secured Parties") and Cortland Capital Market Services LLC, as collateral agent for itself and the Secured Parties (in such capacity, together with its successors and permitted assigns in such capacity, the "Agent"), effective as of December 15, 2016.

Pacific Ethanol – Security Agreement (December 20th, 2016)

THIS SECURITY AGREEMENT (the "Security Agreement") is executed and delivered by pacific ethanol pekin, INC. (the "Debtor"), a Delaware corporation, having its place of business (or chief executive office if more than one place of business) located at 400 Capital Mall, Suite 2060, Sacramento, California 95814 to COBANK, ACB (the "Secured Party"), a federally chartered instrumentality of the United States, whose mailing address is P.O. Box 5110, Denver, Colorado 80217, as agent for 1ST FARM CREDIT SERVICES, PCA ("Lender"), a federally chartered instrumentality of the United States, and COBank, ACB ("Cash Management Provider").

Pacific Ethanol – CoBANK, ACB SECURITY AGREEMENT (December 20th, 2016)

THIS SECURITY AGREEMENT (the "Security Agreement") is executed and delivered by pacific AURORA, LLC, a delaware limited liability company having its place of business (or chief executive office if more than one place of business) located at 400 Capital Mall, Suite 2060, Sacramento, California 95814 ("PAL"), PACIFIC ETHANOL AURORA EAST, LLC, a Delaware limited liability company having its place of business (or chief executive office if more than one place of business) located at 400 Capital Mall, Suite 2060, Sacramento, California 95814 ("AE"), and PACIFIC ETHANOL AURORA WEST, LLC, a Delaware limited liability company having its place of business (or chief executive office if more than one place of business) located at 400 Capital Mall, Suite 2060, Sacramento, California 95814 ("AW") (PAL, AE and AW are hereinafter referred to individually and collectively as the "Debtor"), to COBANK, ACB (the "Secured Party"), a federally chartered instrumentality of the United States, whose mailing ad

Denali Holding Inc. – SECURITY AGREEMENT Dated as of September 7, 2016, Among DELL INTERNATIONAL L.L.C., EMC CORPORATION, DENALI INTERMEDIATE INC., DELL INC., THE OTHER GRANTORS PARTY HERETO And (December 9th, 2016)

SECURITY AGREEMENT, dated as of September 7, 2016 (this "Agreement"), among DELL INTERNATIONAL L.L.C., EMC CORPORATION, NEW DELL INTERNATIONAL LLC (which, upon the consummation of the Reorganization (as defined below) shall be renamed "Dell International L.L.C."), DENALI INTERMEDIATE INC., DELL INC., the SUBSIDIARY GUARANTORS party hereto and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Collateral Agent (in such capacity and together with successors in such capacity, the "Notes Collateral Agent").

Xg Sciences Inc – SECURITY AGREEMENT (XG Sciences, Inc.) (December 9th, 2016)

THIS SECURITY AGREEMENT ("Agreement") is made as of __________, by and between XG Sciences, Inc., a Michigan corporation, of 3101 Grand Oak Drive, Lansing, Michigan 48911 ("Debtor"), and The Dow Chemical Company, of 2030 Dow Center, Midland, Michigan 48674 ("Secured Party"), for itself and as agent for the benefit of all other affiliates of Secured Party (each, an "Affiliate"), pursuant to a certain Draw Loan Note and Agreement (as amended, supplemented, restated or otherwise modified from time to time, "Note") dated as of the December 7, 2016, between Debtor and Secured Party.

Security Agreement (December 8th, 2016)

THIS SECURITY AGREEMENT (Agreement) dated December 2, 2016 is made by FAMOUS DAVES OF AMERICA, INC., a Minnesota corporation, D&D OF MINNESOTA, INC., a Minnesota corporation, FAMOUS DAVES RIBS OF MARYLAND, INC., a Minnesota corporation, FAMOUS DAVES RIBS, INC., a Minnesota corporation, FAMOUS DAVES RIBS-U, INC., a Minnesota corporation, and LAKE & HENNEPIN BBQ & BLUES, INC., a Minnesota corporation (collectively, Debtor) for the benefit of VENTURE BANK, a Minnesota banking corporation, its endorsees, successors and assigns (Secured Party).

PRA Health Sciences, Inc. – Security Agreement (December 7th, 2016)

THIS SECURITY AGREEMENT, dated as of December 6, 2016, among PRA Health Sciences, Inc., a Delaware corporation (Holdings), Pharmaceutical Research Associates, Inc., a Virginia corporation (the Borrower), each of the Subsidiaries listed on the signature pages hereto or that becomes a party hereto pursuant to Section 8.14 (each such entity being a Subsidiary Grantor and, collectively, the Subsidiary Grantors; the Subsidiary Grantors, Holdings and the Borrower are referred to collectively as the Grantors), and Wells Fargo Bank, National Association, as collateral agent (in such capacity, the Collateral Agent) for the benefit of the Secured Parties.

Security Agreement (December 7th, 2016)

This SECURITY AGREEMENT dated as of December 7, 2016 (the "Effective Date") among Protalix BioTherapeutics, Inc., as Issuer (the "Issuer"), the Guarantors party hereto and Wilmington Savings Fund Society, FSB, as Collateral Agent (the "Collateral Agent").

Security Agreement (December 2nd, 2016)

This SECURITY AGREEMENT, dated as of December __, 2016 (this "Agreement"), is among Wizard World, Inc., a Delaware corporation (the "Company" or "Debtors") and the holders of the Company's 12% Senior Secured Convertible Debentures due two years following their issuance, in the original aggregate principal amount of $2,500,000 (collectively, the "Debentures") signatory hereto, their endorsees, transferees and assigns (collectively, the "Secured Parties").

Tempe Holdco Corp – SECURITY AGREEMENT by TESSERA HOLDING CORPORATION as Borrower and THE GUARANTORS PARTY HERETO in Favor of ROYAL BANK OF CANADA, as Collateral Agent Dated as of December 1, 2016 (December 1st, 2016)

This SECURITY AGREEMENT dated as of December 1, 2016 (as amended, amended and restated, supplemented or otherwise modified from time to time in accordance with the provisions hereof, this Agreement) made by TESSERA HOLDING CORPORATION, a Delaware corporation (the Borrower), each other entity identified on the signature pages hereto as a Pledgor or becomes party hereto as an additional Guarantor pursuant to Section 3.5 (the Guarantors and each a Guarantor, and together with the Borrower, the Pledgors and each a Pledgor), as pledgors and debtors, in favor of ROYAL BANK OF CANADA, in its capacity as Collateral Agent pursuant to the Credit Agreement (as hereinafter defined) (in such capacity and together with any successors in such capacity, the Collateral Agent), as pledgee and secured party.

Q BioMed Inc. – SECURITY AGREEMENT (In Favor of YA II CD, Ltd.) (November 30th, 2016)

THIS SECURITY AGREEMENT (the "Agreement") is entered into as of November ___, 2016 by and among (i) Q Biomed Inc., a Nevada corporation (the "Issuer"), and (ii) any subsidiary and affiliate of the Issuer listed on Schedule 1 attached hereto either now or joined in the future (the "Subsidiaries"; and jointly, severally, and collectively with the Issuer, the "Grantors") in favor of YA II CD, Ltd., a Cayman Islands company (the "Secured Party").

Global Healthcare Reit, Inc. – Security Agreement (November 29th, 2016)

, 2016, by and among GLOBAL HEALTHCARE REIT, INC. ("Debtor"), and ALL OF THE HOLDERS OF THE GLOBAL HEALTHCARE REIT, INC. SERIES 2016 10% SENIOR SECURED PROMISSORY NOTES ("Secured Party").

Security Agreement (November 29th, 2016)

THIS SECURITY AGREEMENT (this "Agreement"), dated as of November 22 , 2016, is entered into by and among EACH OF THE PERSONS LISTED ON THE SIGNATURE PAGES HERETO AS DEBTORS and each of the other Persons which become DEBTORS hereunder from time to time (each, a "Debtor" and collectively, the "Debtors"), and PNC BANK, NATIONAL ASSOCIATION, a national banking association, as administrative agent for the Lenders (as defined below)(in such capacity, the "Administrative Agent");

DSG Global Inc. – Security Agreement (November 23rd, 2016)

This SECURITY AGREEMENT, dated as of November 7, 2016 (this "Agreement"), is among DSG Global, Inc., a Nevada corporation (the "Company"), any subsidiary and affiliate of the Company that is a signatory hereto either now or joined in the future (such subsidiaries, the "Guarantors" and, together with the Company, the "Debtors") and the holders of the Company's 8% Original Issue Discount Senior Secured Convertible Promissory Notes due six (6) months following their issuance, in the aggregate principal amount of $138,888.89 (the "Notes") signatory hereto, their endorsees, transferees and assigns (collectively, the "Secured Parties").

Optiv Inc. – SECURITY AGREEMENT Dated as of January 28, 2015 Among THE GRANTORS IDENTIFIED HEREIN and JPMORGAN CHASE BANK, N.A., as Collateral Agent (November 18th, 2016)

SECURITY AGREEMENT dated as of January 28, 2015, among the Grantors (as defined below) and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent for the Secured Parties (in such capacity, the Collateral Agent).

Security Agreement (November 18th, 2016)

This SECURITY AGREEMENT is dated as of the 20th day of October, 2016 (the "Agreement") by and between Positive ID Corp, a Delaware corporation and its wholly owned subsidiaries (collectively, the "Debtor"), and Union Capital, LLC, a New York Limited Liability Company (hereinafter, the "Secured Party").

Zartex Inc. – Basic Office Lease & Security Agreement (November 16th, 2016)

INITIALS __AZ___ 30-DAY NOTICE REQUIREMENT. This Lease shall be terminable by either party effective upon the expiration of the initial term of this Lease, or effective upon the expiration of any renewal term of this Lease, or at any time after the expiration of any term of this Lease, by giving thirty (30) days' written notice of termination to the other party. Such notice of termination shall become effective thirty (30) days after the date it is hand-delivered to the other party, or the date it is posted on the leased premises by Lessor, or the date it is actually received by the other party, whichever is earlier.

Ecosphere Technologies – Security Agreement (November 9th, 2016)

This Security Agreement (the Agreement) is entered into as of this 5th day of October, 2016 by and between Ecosphere Technologies, Inc., a Delaware corporation (Ecosphere), and Brisben Water Solutions LLC (the Lender and together with Ecosphere, the Parties). The Parties hereby agree as follows:

A.P. Pharma, Inc. – Security Agreement (November 8th, 2016)

This SECURITY AGREEMENT (this Agreement), dated as of August 5, 2016 among HERON THERAPEUTICS, INC., a Delaware corporation (the Heron), and those additional entities that hereafter become parties hereto by executing the form of Supplement attached hereto as Annex 1 (together with Heron, individually and collectively, the Grantor), TANG CAPITAL PARTNERS, LP, in its capacity as the Holder (as defined in the Note), and TC MANAGEMENT SERVICES, LLC as the collateral agent (together with its successors, Agent).

First Amendment to Third Lien Security Agreement (November 4th, 2016)

This FIRST AMENDMENT TO THIRD LIEN SECURITY AGREEMENT (this "AMENDMENT") is dated as of October 31, 2016, and is entered into by and among TURTLE BEACH CORPORATION, a Nevada corporation ("TURTLE BEACH"), VTB HOLDINGS, INC., a Delaware corporation ("VTB HOLDINGS"), VOYETRA TURTLE BEACH, INC., a Delaware corporation ("VTB;" collectively, with Turtle Beach and VTB Holdings, jointly and severally, the "Debtor") and SG VTB HOLDINGS, LLC (the "LENDER").

Bollente Companies – Loan Agreement and Security Agreement (November 3rd, 2016)

THIS LOAN AGREEMENT AND SECURITY AGREEMENT ("Loan Agreement") is made as of the 2nd day of August, 2016, by Bollente Companies Inc., a Nevada corporation ("Borrower"), as borrower, and Built-Right Holdings, LLC, an Arizona limited liability company ("Lender"), as lender.

Omeros Corp. – Security Agreement (October 27th, 2016)

SECURITY AGREEMENT dated as of October [*], 2016, among OMEROS CORPORATION, a Washington corporation (Borrower), the Subsidiary Guarantors from time to time party hereto (collectively with Borrower and each entity that becomes a Grantor hereunder as contemplated by Section 5.12, the Grantors and each, a Grantor) and CRG SERVICING LLC, a Delaware limited liability company, as administrative agent and collateral agent for the Lenders (in such capacities, together with its successors and assigns, the Administrative Agent).

Stanley Furniture Company, Inc. – Security Agreement (October 26th, 2016)

THIS SECURITY AGREEMENT (this Agreement) is entered into as of October 25, 2016, by and among STANLEY FURNITURE COMPANY, INC., a Delaware corporation (Borrower), STANLEY FURNITURE COMPANY 2.0, LLC, a Virginia limited liability company ( Guarantor; each of the Borrower and the Guarantor is sometimes hereinafter referenced individually as a Grantor and collectively as the Grantors) and WELLS FARGO BANK, NATIONAL ASSOCIATION (Lender).

Mota Group, Inc. – Security Agreement (October 21st, 2016)

This SECURITY AGREEMENT (this "Agreement") is dated as of March 31, 2016 and effective as of October 12, 2016, is executed by and between UNORTH ONE LLC, a limited liability company organized and existing under the laws of the State of Nevada (the "Grantor"), and TCA GLOBAL CREDIT MASTER FUND, LP, a limited partnership organized and existing under the laws of the Cayman Islands (the "Secured Party").

medbox – Security Agreement (October 21st, 2016)

THIS SECURITY AGREEMENT (the "Agreement") is entered into as of June 30, 2016, by and among (i) EWSD I, LLC, a Delaware limited liability company ("EWSD") and Pueblo Agriculture Supply and Equipment, LLC, a Delaware limited liability company ("PASE" and together with EWSD, collectively, the "Issuer"), and (ii) any subsidiary and affiliate of the Issuer that is a signatory hereto either now or joined in the future (the "Subsidiaries"; and jointly, severally, and collectively with the Issuer, the "Grantors") in favor of Redwood Management, LLC (the "Secured Party").