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.

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)
Growlife, Inc. – Security Agreement (August 23rd, 2018)

This SECURITY AGREEMENT (the "Security Agreement") dated and made effective as of August 17, 2018, is executed by Growlife, Inc., a Delaware corporation (the "Debtor"), with its chief executive offices located at 5400 Carrilon Point, Kirkland WA 98033, and Go Green Hydroponics, Inc., ("Go Green") and TCA - Go Green SPV, LLC ("TCA", and together with Go Green, the "Secured Party").

Geospatial Holdings – Agreement to Amend Notes and Security Agreements (August 20th, 2018)

This Agreement to Amend Notes and Security Agreements ("Agreement") is dated and effective as of June 15, 2018, by and between Geospatial Corporation, a Nevada corporation (the "Company"), and the Company's wholly-owned subsidiary, Geospatial Mapping Systems, Inc., a Delaware corporation ("Mapping Systems Inc."), and David M. Truitt, an individual resident of Virginia ("Purchaser"). The Company, including where applicable Mapping Systems Inc., and the Purchaser are collectively referred to as the "Parties".

Dala Petroleum Corp. – Security Agreement (August 15th, 2018)

THIS SECURITYAGREEMENT made effective this 31st day of July 2018, by and between TELECON WIRELESS RESOURCES, INC. a New York corporation with a place of business at 229A North Comrie Avenue, Johnstown, New York (the "Debtor") in favor of KONATEL, INC. a Nevada corporation, 13601 Preston, Rd. STE E816, Dallas TX 752240 (the "Secured Party").

American Complex Care Inc – Security Agreement (August 14th, 2018)

THIS SECURITY AGREEMENT, dated as of May 1, 2018 (as amended, supplemented, or otherwise modified from time to time, this "Agreement"), by and among each of the Persons listed on the signature pages hereof as a "Grantor" and those additional entities that hereafter become parties hereto by executing a Joinder Agreement (collectively, jointly and severally, the "Grantors" and each, individually, a "Grantor") as grantors, EDF Energy Services, LLC, a Delaware limited liability company ("EDF"), and EDF Trading North America, LLC, a Texas limited liability company ("EDFT NA", and together with EDF, the "Secured Party"), as secured parties.

Sysorex, Inc. – Security Agreement (August 13th, 2018)

Avnet, Inc., through its divisions ("AVNET" or "Secured Party"), enters into this Security Agreement ("Agreement") with Sysorex USA ("Debtor") and Sysorex Global, Inc. (collectively "Debtors") as of the 22nd day of June 2016 ("Effective Date").

Security Agreement (August 9th, 2018)

THIS SECURITY AGREEMENT (this "Agreement") is made as of June 14, 2018, by and between Fortress Credit Corp. (the "Lender") and iPass Inc., a Delaware corporation ("Parent" and together with each other Person that becomes a Borrower under the Credit Agreement (as defined below), including, for the avoidance of doubt, iPass IP LLC, a Delaware limited liability company ("iPass SPV") upon the consummation of the SPV Joinder, each a "Borrower" and collectively, the "Borrowers" and, together with their successors and permitted assigns and any other person or entity that becomes a Grantor hereunder pursuant to Section 4(n) below, jointly and severally, the "Grantors" and, individually, a "Grantor").

MaxQ AI Ltd. – Security Agreement (Floating Charge) (August 9th, 2018)

WHEREAS,the undersigned, MedyMatch Technology Ltd., a limited liability private company, no. 514972785, organized and existing under the laws of the State of Israel, with its registered office at 76 Yigal Alon, Tel Aviv, 6706701, Israel (hereinafter: the "Borrower"), intends to receive from the undersigned lenders, South Florida Biotech Ventures, LLC ("SFBV"), a limited liability company organized in the State of Florida, with its registered office at 445 W. 40th Street, Miami Beach, FL 33140, and Palladium Capital Advisors LLC, a limited liability company organized in the State of Delaware, with its registered office at 10 Rockefeller Plaza, Suite 909, New York,

MaxQ AI Ltd. – Security Agreement (Fixed Charge) (August 9th, 2018)

WHEREAS,the undersigned, MedyMatch Technology Ltd., a limited liability private company, no. 514972785, organized and existing under the laws of the State of Israel, with its registered office at 76 Yigal Alon, Tel Aviv, 6706701, Israel (hereinafter: the "Borrower"), intends to receive from the undersigned lenders, South Florida Biotech Ventures, LLC ("SFBV"), a limited liability company organized in the State of Florida, with its registered office at 445 W. 40th Street, Miami Beach, FL 33140, and Palladium Capital Advisors LLC, a limited liability company organized in the State of Delaware, with its registered office at 10 Rockefeller Plaza, Suite 909, New York,

MASTER LEASE AND SECURITY AGREEMENT Between the Entities That Are Signatories Hereto as "Landlord", as Landlord and the Entities That Are Signatories Hereto as "Tenant", as Tenant (August 7th, 2018)

This MASTER LEASE AND SECURITY AGREEMENT (this "Lease") is entered into as of April 26, 2018 (the "Effective Date") by and between each of the entities identified on Schedule 1 as a Landlord (individually and collectively, "Landlord"), and each of the entities identified on Schedule 1 as a Tenant (individually and collectively, "Tenant").

Goldfield Corporation (The) – Bb&t Security Agreement (August 7th, 2018)

This Security Agreement ("Security Agreement") is made May 24, 2018, between The Goldfield Corporation, a Delaware corporation, Southeast Power Corporation, a Florida corporation, Power Corporation of America, a Florida corporation, Bayswater Development Corporation, a Florida corporation, Pineapple House of Brevard, Inc., a Florida corporation, C and C Power Line, Inc., a Florida corporation, and Precision Foundations, Inc., a Florida corporation (collectively, "Debtor"), and Branch Banking and Trust Company, a North Carolina banking corporation ("Secured Party").

Seventh Amendment to Underwriting, Continuing Indemnity and Security Agreement (August 7th, 2018)

This SEVENTH AMENDMENT TO UNDERWRITING, CONTINUING INDEMNITY AND SECURITY AGREEMENT (this "Amendment"), dated as of August 4, 2015, is made by and among Federal Insurance Company, an Indiana corporation ("Federal"); American Home Assurance Company, National Union Fire Insurance Company of Pittsburgh, Pa., and The Insurance Company of the State of Pennsylvania (collectively "AIG"); Liberty Mutual Insurance Company, a Massachusetts company, Liberty Mutual Fire Insurance Company, and Safeco Insurance Company of America (collectively, "Liberty Mutual"); Quanta Services, Inc., a Delaware corporation ("Quanta") and an Indemnitor; the other undersigned Indemnitors; and the Stallone Companies (as hereinafter defined).

Goldfield Corporation (The) – Bb&t Security Agreement (August 7th, 2018)

This Security Agreement ("Security Agreement") is made May 24, 2018, between The Goldfield Corporation, a Delaware corporation, Southeast Power Corporation, a Florida corporation, Power Corporation of America, a Florida corporation, Bayswater Development Corporation, a Florida corporation, Pineapple House of Brevard, Inc., a Florida corporation, C and C Power Line, Inc., a Florida corporation, and Precision Foundations, Inc., a Florida corporation (collectively, "Debtor"), and Branch Banking and Trust Company, a North Carolina banking corporation ("Secured Party").

Minn Shares Inc – Security Agreement (August 6th, 2018)

This Security Agreement (the "Agreement") is made as of July 20, 2018 by EVO TRANSPORTATION & ENERGY SERVICES, INC., a Delaware corporation (the "Debtor") in favor of Dan Thompson II LLC and each other Investor (as defined below) that may become party to the Note Purchase Agreement (as defined below) from time to time, as Secured Parties (as defined below).

Triangle – SECURITY AGREEMENT By (August 6th, 2018)

This SECURITY AGREEMENT dated as of August 3, 2018 (as may be amended, amended and restated, supplemented or otherwise modified from time to time in accordance with the provisions hereof, this "Agreement") made by BARINGS BDC SENIOR FUNDING I, LLC, a Delaware limited liability company (the "Borrower" or the "Pledgor"), as pledgor, assignor and debtor, in favor of BANK OF AMERICA, N.A., in its capacity as administrative agent pursuant to the Credit Agreement (as hereinafter defined), as pledgee, assignee and secured party (in such capacities and together with any successors in such capacities, the "Administrative Agent").

Medalist Diversified REIT, Inc. – Security Agreement (August 1st, 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").

Mimecast Ltd – SECURITY AGREEMENT DATED July 23, 2018 BETWEEN THE PERSONS LISTED IN SCHEDULE 1 as Chargors AND JPMORGAN CHASE BANK, N.A. As Collateral Agent (July 24th, 2018)
Golub Capital BDC, Inc. – Security Agreement (July 23rd, 2018)

THIS SECURITY AGREEMENT (together with all amendments, supplements and other modifications, if any, from time to time made hereto, this "Security Agreement"), dated as of July 20, 2018 made by and among Golub Capital BDC 2010-1 LLC, a Delaware limited liability company (the "Borrower"), Morgan Stanley Senior Funding, Inc., as administrative agent (in such capacity, the "Administrative Agent") and U.S. Bank National Association, as collateral agent (the "Collateral Agent").

GP Investments Acquisition Corp. – SECURITY AGREEMENT Dated as of July 19, 2018 Among THE GRANTORS IDENTIFIED HEREIN and VICTORY PARK MANAGEMENT, LLC, as Administrative Agent (July 19th, 2018)

SECURITY AGREEMENT dated as of July 19, 2018 (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 Victory Park Management, LLC, as Administrative Agent for the Secured Parties (in such capacity and together with its successors and permitted assigns in such capacity, the "Administrative Agent").

Lightning Gaming, Inc. – Security Agreement (July 18th, 2018)

This Security Agreement (the "Security Agreement") is made and given as of July 17 2018, by Lightning Gaming, Inc., a Nevada corporation, as borrower ("LGI"), Lightning Slot Machines, LLC, a Nevada limited liability company, as borrower ("LSM"), and Lightning Poker, Inc., a Pennsylvania corporation, as borrower ("LPI") each jointly and severally, (LGI, LSM and LPI are hereinafter individually and collectively referred to as, the "Borrower"), whose principal place of business is located at 23 Creek Circle, Suite 400, Boothwyn, PA 19061, in favor of PDS Gaming LLC, a limited liability company organized under the laws of Minnesota (together with its successors and assigns, the "Lender").

Security Agreement (July 13th, 2018)

THIS SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this "Agreement") dated as of June ____, 2018, by and among MEDITE Cancer Diagnostics, Inc., a Delaware corporation (the "Company", and together with each of the undersigned direct and indirect Subsidiaries from time to time and any other Person who becomes a party to this Agreement by execution of a joinder in the form of Exhibit A attached hereto being hereinafter sometimes referred to individually as a "Debtor" and, collectively, as the "Debtors"), and GPB Debt Holdings II, LLC, a Delaware limited liability company, in its capacity as Collateral Agent (the "Collateral Agent"), for the Purchasers (collectively with their successors and permitted assigns, the "Secured Party").

Dolphin Digital Media – Security Agreement (July 11th, 2018)

SECURITY AGREEMENT, dated July 5, 2018, by and between Dolphin Entertainment, Inc., a Florida corporation, with headquarters located at 2151 Le Jeune Road, Suite 150-Mezzanine, Coral Gables, FL 33134 (the Debtor), and the investors set forth on Schedule A hereof (collectively, the Secured Party).

MassRoots, Inc. – Security Agreement (July 9th, 2018)

This SECURITY AGREEMENT, dated as of July 5, 2018 (this "Agreement"), is among MassRoots, Inc., a Delaware corporation (the "Company" or the "Debtor"), and the holders of the Company's Convertible Secured Promissory Notes due six (6) months following their issuance, in the aggregate principal amount of $1,650,000 (which includes a 10% original issuance discount) (collectively, the "Notes") signatory hereto, their endorsees, transferees and assigns (each a "Secured Party" and collectively, the "Secured Parties").

Toughbuilt Industries, Inc – Security Agreement (July 9th, 2018)

This SECURITY AGREEMENT, dated as of October 17, 2016 (this "Agreement"), is among ToughBuilt Industries, Inc., a Nevada corporation (the "Company" and including such subsidiaries, that may hereafter be formed, the "Debtors") and the holders of the Company's 8% Original Issue Discount Senior Secured Convertible Debentures due September 1, 2018, in the original aggregate principal amount of $5,700,000 (collectively, the "Debentures") signatory hereto, their endorsees, transferees and assigns (collectively, the "Secured Parties").

None – Security Agreement (July 3rd, 2018)

THIS SECURITY AGREEMENT, dated as of June 28, 2018 (as may be amended from time to time, this "Agreement"), by MIDWEST HOLDING INC., a Nebraska corporation (the "Borrower"), whose primary business address is 2900 South 70th Street, Lincoln, Nebraska 68506, in favor of XENITH HOLDINGS LLC, a Delaware limited liability company (the "Lender").