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.

Digital Power Corporation – Security Agreement and Guaranty (November 1st, 2018)

To secure Merchants delive1y obligations to LIBERTAS FUNDING, LLC (the "Purchaser") under the Future Receivables Sale Agreement (the "Agreement") dated 1/23/2018, Merchant hereby grants to Purchaser a security interest in (a) all accounts, chattel paper, documents, equipment, general intangibles, instruments and inventory, as those terms are defined in Article 9 of the Uniform Commercial Code (the UCC), now or hereafter owned or acquired by Merchant; and (b) all proceeds, as that term is defined in Article 9 of the UCC, ((a) and (b) are collectively , the "Collateral").

Moody National REIT II, Inc. – Security Agreement (October 30th, 2018)

Moody National Operating Partnership II, LP whose address is 6363 Woodway Drive, Suite 110, Houston, Texas 77057 and Moody National REIT II, Inc. whose address is P.O. Box 219280, Kansas City, Missouri 64121 (the "Debtor", whether one or more), and Green Bank, N.A. (the "Secured Party"), whose address is 4000 Greenbriar, Houston, Texas 77098, agree as follows:

U.S. Rare Earth Minerals, Inc – Security Agreement (October 30th, 2018)

THIS SECURITY AGREEMENT (this "Agreement"), is entered into as of October 24, 2018, by and between U.S. Rare Earth Minerals, Inc., a Nevada corporation (the "Borrower"), and Auctus Fund, LLC, a Delaware limited liability company (the "Secured Party" or "Secured Parties"). All capitalized terms not otherwise defined herein shall the meanings ascribed to them in that certain Securities Purchase Agreement and Note (as defined below) by and between Borrower and the Secured Party of even date (the "Securities Purchase Agreement").

Desert Hawk Gold Corp. – Security Agreement (October 26th, 2018)

This SECURITY AGREEMENT (as amended, modified or otherwise supplemented from time to time, this "Agreement"), dated and effective as of August 7, 2017 made by Desert Hawk Gold Corp., a Nevada corporation ("Debtor"), in favor of Ibearhouse, LLC and West C Street, LLC (the "Secured Parties").

Mammoth Energy Services, Inc. – Security Agreement (October 25th, 2018)

Amended and Restated Revolving Credit and Security Agreement dated as of October 19, 2018 among MAMMOTH ENERGY SERVICES, INC., a corporation organized under the laws of the State of Delaware (formerly Mammoth Energy Services Inc.) ("Mammoth"), MAMMOTH ENERGY PARTNERS LLC, a limited liability company under the laws of the State of Delaware (formerly Mammoth Energy Partners LP, a limited partnership under the laws of the State of Delaware) ("Mammoth Partners"), REDBACK ENERGY SERVICES LLC, a limited liability company under the laws of the State of Delaware ("Redback Energy"), REDBACK COIL TUBING LLC, a limited liability company under the laws of the State of Delaware ("Redback Coil"), REDBACK PUMPDOWN SERVICES LLC, a limited liability company under the laws of the State of Delaware ("Redback Pumpdown"), MUSKIE PROPPANT LLC, a limited liability company under the laws of the State of Delaware ("Muskie"), PANTHER DRILLING SYSTEMS LLC, a limited liability company under the laws of the State

Medovex – Security Agreement (October 15th, 2018)

This SECURITY AGREEMENT, dated as of September __, 2018 (this "Agreement"), is among Medovex Corp., a Nevada corporation (the "Company" or the "Debtor") and the holders of the Company's 12% Senior Secured Convertible Notes due September __, 2018, in the original aggregate principal amount of up to $1,000,000 (collectively, the "Notes") signatory hereto, their endorsees, transferees and assigns (collectively, the "Secured Parties").

SECURITY AGREEMENT Dated as of October 2, 2018 Among BASIC ENERGY SERVICES, INC. And the Other Debtors Parties Hereto in Favor of BANK OF AMERICA, N.A., as Administrative Agent (October 9th, 2018)
SECURITY AGREEMENT Dated as of October 2, 2018 Among BASIC ENERGY SERVICES, INC. And the Other Debtors Parties Hereto in Favor of UMB BANK, N.A., as Collateral Agent (October 9th, 2018)
AMEDICA Corp – Security Agreement Relating to Right of First Negotiation (October 5th, 2018)

THIS SECURITY AGREEMENT RELATING TO RIGHT OF FIRST NEGOTIATION (this "Agreement"), dated effective as of the 1st day of October, 2018, is executed by Amedica Corporation, a Delaware corporation (hereinafter referred to as the "Obligor"), whose mailing address is 1885 West 2100 South, Salt Lake City, Utah 84119, for the benefit of CTL Medical Corporation, a Delaware corporation (hereinafter referred to as the "Secured Party"), whose mailing address is 4550 Excel Parkway, Suite 300, Addison, Texas 75001

AMEDICA Corp – Security Agreement (October 5th, 2018)

THIS SECURITY AGREEMENT (this "Agreement") dated effective as of the 1st day of October, 2018, is executed by CTL Medical Corporation, a Delaware corporation (hereinafter referred to as the "Debtor"), whose mailing address is 4550 Excel Parkway, Suite 300, Addison, Texas 75001, for the benefit of Amedica Corporation, a Delaware corporation (hereinafter referred to as the "Secured Party"), whose mailing address is 1885 West 2100 South, Salt Lake City, Utah 84119.

Medalist Diversified REIT, Inc. – Security Agreement (October 5th, 2018)

This SECURITY AGREEMENT (as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, this "Agreement") is entered into as of [ , 2017], by and between MDR GREENSBORO HI TRS, LLC, a Delaware limited liability company, having an address at [ ] (together with its respective permitted successors and assigns, collectively "Debtor" and/or "Tenant'), and BENEFIT STREET PARTNERS REALTY OPERATING PARTNERSHIP, L.P., a Delaware limited partnership, having an address at 9 West 57th Street, Suite 4920, New York, New York 10019, Attention: Micah Goodman, General Counsel (together with its successors and/or assigns and any servicer, "Secured Party").

Skyline Medical Inc. – Security Agreement (October 4th, 2018)

THIS SECURITY AGREEMENT (this "Agreement"), is entered into as of September 28, 2018 (the "Effective Date"), by and between PRECISION THERAPEUTICS INC., a Delaware corporation (the "Borrower"), and PEAK ONE OPPORTUNITY FUND, LP, a Delaware limited partnership (the "Secured Party"). All capitalized terms not otherwise defined herein shall the meanings ascribed to them in that certain Securities Purchase Agreement and Note (as defined below) by and between Borrower and the Secured Party of even date (the "Purchase Agreement").

Skyline Medical Inc. – Security Agreement (October 4th, 2018)

THIS SECURITY AGREEMENT (this "Agreement"), is entered into as of September 28, 2018 (the "Effective Date"), by and between PRECISION THERAPEUTICS INC., a Delaware corporation (the "Borrower"), and L2 Capital, LLC, a Kansas limited liability company (the "Secured Party"). All capitalized terms not otherwise defined herein shall the meanings ascribed to them in that certain Securities Purchase Agreement and Note (as defined below) by and between Borrower and the Secured Party of even date (the "Purchase Agreement").

Hemispherx BioPharma, Inc. – Security Agreement (October 4th, 2018)

This Security Agreement (this "Agreement"), dated as of September 28, 2018, is executed by Hemispherx Biopharma, Inc., a Delaware corporation ("Debtor"), in favor of Iliad Research and Trading, L.P., a Utah limited partnership ("Secured Party").

Willdan Group – Security Agreement (October 3rd, 2018)

This Security Agreement (the Agreement) is dated as of October 1, 2018, by and among Willdan Group, Inc., a Delaware corporation (the Borrower), the other parties executing this Agreement under the heading Debtors (the Borrower and such other parties, along with any parties who execute and deliver to the Agent referred to herein an agreement attached hereto as Schedule H, being hereinafter referred to collectively as the Debtors and individually as a Debtor), each with its mailing address as set forth in Section 13(b) hereof, and BMO Harris Bank N.A., a national banking association (BMO Harris), with its mailing address as set forth in Section 13(b) hereof, acting as administrative agent hereunder for the Secured Creditors hereinafter identified and defined (BMO Harris acting as such administrative agent and any successor or successors to BMO Harris acting in such capacity being hereinafter referred to as the Agent). The term Debtor and Debtors as used herein shall mean and include th

Digital Power Corporation – Security Agreement (October 3rd, 2018)

Security Agreement, dated as of October 3, 2018, by Super Crypto Mining, Inc. (the "Borrower"), as grantor, in favor of ALLPPS LLC, a Delaware limited liability company ("Lender") and each other Secured Party (as defined below).

Kala Pharmaceuticals, Inc. – Security Agreement (October 2nd, 2018)

THIS SECURITY AGREEMENT dated as of October 1, 2018 (as amended, modified, restated or supplemented from time to time, this Security Agreement) is by and among the party identified as a Grantor on the signature pages hereto and such other parties as may become Grantors hereunder after the date hereof (individually a Grantor, and collectively the Grantors) and Athyrium Opportunities III Acquisition LP, as administrative agent (in such capacity, the Administrative Agent) for the Secured Parties.

PHI, Inc. – Security Agreement (September 28th, 2018)
Sears Oil & Gas – Security Agreement (September 28th, 2018)

THIS SECURITY AGREEMENT (this "Agreement"), is entered into as of September 24, 2018, by and between Sears Oil And Gas Corporation, a Nevada corporation (the "Borrower"), and Auctus Fund, LLC, a Delaware limited liability company (the "Secured Party" or "Secured Parties"). All capitalized terms not otherwise defined herein shall the meanings ascribed to them in that certain Securities Purchase Agreement and Note (as defined below) by and between Borrower and the Secured Party of even date (the "Securities Purchase Agreement").

Songbird Development Inc. – Security Agreement (September 27th, 2018)

This SECURITY AGREEMENT, dated as of September 21, 2018 (this "Agreement"), is among Dthera Sciences, 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 Original Issue Discount Senior Secured Convertible Promissory Notes due four months following their issuance, in the aggregate principal amount of up to $1,100,000.00 (the "Notes") signatory hereto, their endorsees, transferees and assigns (collectively, the "Secured Parties").

Applied Optoelectronics, Inc. – Security Agreement (September 27th, 2018)

Whereas Party B continues to handle the following (1) (2) (3) (4) (5) credit business operations for Ningbo Global Technology Co., Ltd. (hereinafter referred to as the "Debtor"), and will sign (and/or have signed) the RMB loan contract, foreign exchange loan contract, bank acceptance agreement, letter of credit issuance contract, letter of guarantee issuance contract, and/or other legal documents with the debtor from September 21st, 2018 to September 17th, 2023 (hereinafter referred to as "obligation determination period") (The above contracts, agreements and/or other legal documents signed during the obligation determination period are referred to as the "master contract").

Mount TAM Biotechnologies, Inc. – Security Agreement (September 26th, 2018)

THIS SECURITY AGREEMENT (this "Agreement") by and between Mount Tam Biotechnologies, Inc., a Nevada corporation (the "Debtor") on the one hand, and Climate Change Investigation, Innovation and Investment Company, LLC, a California limited liability company, on the other hand ("Secured Party") is effective as of September 18, 2018. In consideration of the financial accommodations extended to the Debtor by the Secured Party, the Debtor hereby agrees that the Secured Party shall have all of the rights given herein against the Debtor in addition to those given by law or by the Convertible Promissory Note issued by the Debtor to the Secured Party on or about September 18, 2018, as amended (the "Note") or any other agreement or document underlying the Liabilities:

Vynleads, Inc. – Security Agreement (September 24th, 2018)

This Security Agreement (this Agreement) is made and entered into as of the date set forth on the signature page hereto by and among Vynleads, Inc., a Delaware corporation (the Borrower), and the undersigned lender in its capacity as collateral agent (in such capacity, the Collateral Agent) and as lender (the Lender).

Tile Shop Holdings Inc. – Security Agreement (September 19th, 2018)

THIS SECURITY AGREEMENT dated as of September 18, 2018 (this "Security Agreement") is being entered into among TILE SHOP HOLDINGS, INC., a Delaware corporation ("Holdings"), THE TILE SHOP, LLC, a Delaware limited liability company (the "Company"), TILE SHOP LENDING, INC., a Delaware corporation ("Tile Shop Lending"), EACH OF THE UNDERSIGNED SUBSIDIARIES OF HOLDINGS OR THE COMPANY AND EACH OTHER PERSON WHO SHALL BECOME A PARTY HERETO BY EXECUTION OF A SECURITY JOINDER AGREEMENT (each a "Guarantor" and, together with Holdings, Tile Shop Lending and the Company, collectively, the "Grantors"), and BANK OF AMERICA, N.A., as Administrative Agent (in such capacity, the "Administrative Agent") for each of the Secured Parties (as defined in the Credit Agreement referenced) below.

Security Agreement (September 7th, 2018)

THIS SECURITY AGREEMENT (this Agreement), dated as of September 6, 2018 is entered into by and among PRO-DEX, INC., a Colorado corporation, with its chief executive office at 2361 McGaw Avenue, Irvine, California 92614 (Borrower), together with each other party that becomes party hereto by execution of a joinder agreement (collectively, the "Guarantors"), as grantors, pledgors, assignors and debtors (the Borrower, together with the Guarantors, in such capacities and together with any successors in such capacities, the "Grantors", and each, a "Grantor"), in favor of MINNESOTA BANK & TRUST, a Minnesota state banking corporation, with an office at 7701 France Avenue South, Suite 110, Edina, MN 55435 (together with its successors and assigns, the Secured Party).

Security Agreement (September 7th, 2018)

THIS SECURITY AGREEMENT (this "Agreement"), dated as of August 31, 2018, is made by and between SUSQUEHANNA CAPITAL ACQUISITION CO., a Delaware corporation (the "Guarantor"), and BANK OF AMERICA, N.A., a national banking association ("Bank of America"), as Administrative Agent (in such capacity, the "Agent") for the ratable benefit of itself and the other Secured Parties (as defined in the Credit Agreement (defined below)).

Charles & Colvard – Security Agreement (September 7th, 2018)

THIS SECURITY AGREEMENT (this "Agreement") is entered into as of July 13, 2018 by and between CHARLES & COLVARD, LTD., a North Carolina corporation ("Company"), charlesandcolvard.com, LLC, a North Carolina limited liability company (together with Company, "Borrowers"), CHARLES & COLVARD DIRECT, LLC, a North Carolina limited liability company (together with Borrowers, each a "Grantor" and collectively, "Grantors") and WHITE OAK COMMERCIAL FINANCE, LLC ("Lender").

Security Agreement (September 7th, 2018)

THIS SECURITY AGREEMENT (this "Agreement"), dated as of August 31, 2018, is made by and between INTERFACE PERFORMANCE MATERIALS, INC., a Delaware corporation (the "Guarantor"), and BANK OF AMERICA, N.A., a national banking association ("Bank of America"), as Administrative Agent (in such capacity, the "Agent") for the ratable benefit of itself and the other Secured Parties (as defined in the Credit Agreement (defined below)).

Security Agreement (September 7th, 2018)

THIS SECURITY AGREEMENT (this "Agreement"), dated as of August 31, 2018, is made by and between LYDALL NORTH AMERICA, LLC, a Connecticut limited liability company (the "Guarantor"), and BANK OF AMERICA, N.A., a national banking association ("Bank of America"), as Administrative Agent (in such capacity, the "Agent") for the ratable benefit of itself and the other Secured Parties (as defined in the Credit Agreement (defined below)).

Security Agreement (September 7th, 2018)

THIS SECURITY AGREEMENT (this "Agreement"), dated as of August 31, 2018, is made by and between INTERFACE SEALING SOLUTIONS, INC., a Delaware corporation (the "Guarantor"), and BANK OF AMERICA, N.A., a national banking association ("Bank of America"), as Administrative Agent (in such capacity, the "Agent") for the ratable benefit of itself and the other Secured Parties (as defined in the Credit Agreement (defined below)).

XRpro Sciences, Inc. – Security Agreement Dated as of August 31, 2018 Among (September 6th, 2018)

This Security Agreement (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, this "Agreement"), dated as of August 31, 2018 is made by and among Icagen, Inc., a Delaware corporation ("Borrower"), each Subsidiary of Borrower that is a party hereto or may become a party hereto pursuant Section 5.12 of this Agreement (together with Borrower, collectively, the "Grantors" and each a "Grantor"), and Perceptive Credit Holdings II, LP as collateral agent (in such capacity, the "Administrative Agent") for the Secured Parties.

XRpro Sciences, Inc. – Security Agreement Dated as of August 31, 2018 Among (September 6th, 2018)

This Security Agreement (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, this "Agreement"), dated as of August 31, 2018 is made by and among Icagen-T, Inc., a Delaware corporation ("Borrower"), Icagen, Inc., a Delaware corporation ("Parent"), each Subsidiary of Parent that is a party hereto or may become a party hereto pursuant Section 5.12 of this Agreement (together with Borrower and Parent, collectively, the "Grantors" and each a "Grantor"), and Perceptive Credit Holdings II, LP as collateral agent (in such capacity, the "Administrative Agent") for the Secured Parties.

Owens Realty Mortgage, Inc. – Security Agreement (September 6th, 2018)

As of September 4, 2018, in connection with that certain Second Amended and Restated Credit Agreement, dated on or about the date hereof by and among Owens Realty Mortgage, Inc., a Maryland corporation ("Borrower"), ZB, N.A. dba California Bank & Trust (who also does business as California Bank & Trust, a division of ZB, N.A.), successor by merger to California Bank & Trust, as Agent for the Lenders (as defined therein) (in such capacity, the "Agent") and the Lenders party thereto, as amended, modified, extended, renewed or restated from time to time (collectively, the "Credit Agreement"), and for value received, the undersigned Borrower pledges, assigns and grants to Agent for and on behalf of the Lenders, a continuing security interest and lien (any pledge, assignment, security interest or other lien arising hereunder is sometimes referred to herein as a "security interest") in the Collateral (as defined below) to secure payment when due, whether by stated maturity, demand, accelera

CURO Group Holdings Corp. – SECURITY AGREEMENT Among CURO GROUP HOLDINGS CORP., CERTAIN SUBSIDIARIES OF CURO GROUP HOLDINGS CORP. And TMI TRUST COMPANY, as COLLATERAL AGENT Dated as of August 27, 2018 (August 27th, 2018)
Babcock & Brown Air Limited – Dated June 15, 2018 BORROWER PARENT SECURITY AGREEMENT Between FLY ALADDIN HOLDINGS LIMITED as Grantor and WILMINGTON TRUST (LONDON) LIMITED as Security Trustee (August 24th, 2018)