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 (February 17th, 2017)

THIS SECURITY AGREEMENT (the "Security Agreement") is executed as of February 15, 2017, by and between WSI INDUSTRIES, INC., a Minnesota corporation, whose address is 213 Chelsea Road, Monticello, MN 55362 (hereinafter called "Borrower") does hereby grant unto TRADITION CAPITAL BANK, a Minnesota state banking corporation, whose address is 7601 France Avenue South, Suite 140, Edina, MN 55435 (hereinafter called "Lender"), a security interest in the following described property (hereinafter called "Collateral"):

Security Agreement (February 17th, 2017)

THIS SECURITY AGREEMENT (the "Security Agreement") is executed as of February 15, 2017, by and between WSI INDUSTRIES, CO., a Minnesota corporation, whose address is 213 Chelsea Road, Monticello, MN 55362 (hereinafter called "Guarantor") does hereby grant unto TRADITION CAPITAL BANK, a Minnesota state banking corporation, whose address is 7601 France Avenue South, Suite 140, Edina, MN 55435 (hereinafter called "Lender"), a security interest in the following described property (hereinafter called "Collateral"):

Security Agreement (February 17th, 2017)

THIS SECURITY AGREEMENT (the "Security Agreement") is executed as of February 15, 2017, by and between WSI ROCHESTER, INC., a Minnesota corporation, whose address is 213 Chelsea Road, Monticello, MN 55362 (hereinafter called "Guarantor") does hereby grant unto TRADITION CAPITAL BANK, a Minnesota state banking corporation, whose address is 7601 France Avenue South, Suite 140, Edina, MN 55435 (hereinafter called "Lender"), a security interest in the following described property (hereinafter called "Collateral"):

Security Agreement (February 15th, 2017)

This SECURITY AGREEMENT, dated as of February 13, 2017 (this "Agreement"), is among RiceBran Technologies, a California corporation (the "Company"), all of the wholly-owned Subsidiaries of the Company (such subsidiaries, the "Guarantors" and together with the Company, the "Debtors") and the holders of the Company's Senior Secured Debentures due two (2) years following their issuance, in the original aggregate principal amount of $6,600,000.00 (collectively, the "Debentures") signatory hereto, their endorsees, transferees and assigns (collectively, the "Secured Parties").

Smart Server, Inc – Security Agreement (February 15th, 2017)

THIS SECURITY AGREEMENT (the "Agreement"), made this 8th day of February, 2017, by and between NEXTGEN PRO, LLC, a Delaware limited liability company, with an address of 4521 Sharon Road, Suite 370, Charlotte, North Carolina 28211 ("Debtor"), and NEXTGEN DEALER SOLUTIONS, LLC, a Delaware limited liability company, with an address of 1431 Greenway Drive, Suite 775, Irving, Texas 75038 (the "Secured Party").

ABT Holdings, Inc. – Security Agreement (February 14th, 2017)

This SECURITY AGREEMENT, dated as of October 7, 2016 (this "Agreement"), is among ABT HOLDINGS, INC., an Idaho 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 Debenture Due October 1, 2018, in the original aggregate principal amount of $5,800,000 (collectively and as they may be amended, restated, supplemented or otherwise modified from time to time, the "Debentures") signatory hereto, their endorsees, transferees and assigns (collectively, the "Secured Parties").

American Riding Tours Inc – Security Agreement for Tangible Personal Property (February 10th, 2017)

THIS SECURITY AGREEMENT (hereinafter, with all amendments thereto, being referred to as "this Agreement") dated April 27, 2016 is between CANNAVOICES, INC., (hereinafter referred to as "Borrower") and HIT SUM TO ME, LLC (hereinafter referred to as "Lender"), who state:

Xg Technology Inc – Security Agreement (February 6th, 2017)

XG TECHNOLOGY, INC., a corporation organized under the laws of the State of Delaware having an address at 240 South Pineapple Avenue, Suite 701, Sarasota, FL 34236 ("Debtor"), hereby grants to ________, a corporation organized under the laws of ______________ having an address at ______________ ("Secured Party"), to secure the payment and performance of all obligations of Debtor to Secured Party under that certain Promissory Note dated _____________ _____, 2017 in the original stated principal amount of $_________ as may be amended, restated, replaced or otherwise supplemented or modified (the "Note"), and this Agreement, whether now existing or hereafter arising or acquired, together with all interest that accrues after the commencement of any case, proceeding or other action under any bankruptcy or other insolvency law, whether or not the payment of such interest is unenforceable or is not allowable due to the existence of such case, proceeding or other action (collectively, the "Sec

Lion Consulting Group – SECURITY AGREEMENT (In Favor of YA II PN, Ltd.) (February 1st, 2017)

THIS SECURITY AGREEMENT (the "Agreement") is entered into as of January 25, 2017 by and among (i) Cantabio Pharmaceuticals Inc., a Delaware 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 PN, Ltd., a Cayman Islands company (the "Secured Party").

Frankly Inc – Security Agreement (February 1st, 2017)

This SECURITY AGREEMENT ("this Security Agreement") is made as of the 31st day of August, 2016, by FRANKLY INC., a corporation existing under the laws of the Province of British Columbia ("Debtor"), in favor of RAYCOM MEDIA, INC., a Delaware corporation ("Lender"), under that certain Credit Agreement dated August 31, 2016 (as it may be amended or supplemented from time to time, the "Credit Agreement") by and among Debtor.

Frankly Inc – Security Agreement (February 1st, 2017)

This SECURITY AGREEMENT ("this Security Agreement") is made as of the 31st day of August, 2016, by FRANKLY MEDIA LLC, a limited liability company existing under the laws of the state of Delaware ("Debtor"), in favor of RAYCOM MEDIA, INC., a Delaware corporation ("Lender"), under that certain Credit Agreement dated August 31, 2016 (as it may be amended or supplemented from time to time, the "Credit Agreement") by and among Frankly Inc., a British Columbia corporation ("Borrower").

Frankly Inc – Security Agreement (February 1st, 2017)

This SECURITY AGREEMENT ("this Security Agreement") is made as of the 31st day of August, 2016, by FRANKLY CO., a corporation existing under the laws of the state of Delaware ("Debtor"), in favor of RAYCOM MEDIA, INC., a Delaware corporation ("Lender"), under that certain Credit Agreement dated August 31, 2016 (as it may be amended or supplemented from time to time, the "Credit Agreement") by and among Frankly Inc., a British Columbia corporation ("Borrower").

Madison Square Garden Co – SECURITY AGREEMENT Dated as of January 25, 2017, Between NEW YORK RANGERS, LLC and JPMORGAN CHASE BANK, N.A., as Collateral Agent (January 27th, 2017)

SECURITY AGREEMENT, dated as of January 25, 2017 (this Agreement), between NEW YORK RANGERS, LLC, a Delaware limited liability company (the Grantor), and JPMORGAN CHASE BANK, N.A., as Collateral Agent (the Collateral Agent).

SECURITY AGREEMENT DATED JANUARY 27, 2017 Between VECTOR TOBACCO INC. And U.S. BANK NATIONAL ASSOCIATION as Collateral Agent (January 27th, 2017)
SECURITY AGREEMENT DATED JANUARY 27, 2017 Between EACH OF THE GRANTORS PARTY HERETO and U.S. BANK NATIONAL ASSOCIATION as Collateral Agent (January 27th, 2017)
NEF Enterprises, Inc. – Security Agreement (January 25th, 2017)

The payment of the Principal and accrued Interest (if any) due from time to time, under the First Promissory Note, Second Promissory Note, and Hill Promissory Note (collectively the "Obligations") entered into by Panther Biotechnology, Inc. ("Panther") in favor of Scott Schwartz and Hill Electric Supply Co., Inc., arising out of a certain Share Exchange Agreement, effective January 1, 2017, made by and between Panther, Premier Purchasing and Marketing Alliance, LLC, a New York limited liability company ("Premier") and the sole member of Premier Purchasing and Marketing Alliance, LLC, Scott Schwartz shall be secured by a security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, of 100% of the membership interests in Premier (the "Collateral" and the "Security Interest").

usell.com, Inc. – Security Agreement (January 19th, 2017)

THIS SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this "Agreement") dated as of January 13, 2017 among USELL.COM, INC., a Delaware corporation ("USELL"), BST DISTRIBUTION, INC., a New York corporation ("BST"), WE SELL CELLULAR LLC, a Delaware limited liability company ("WE SELL"; together with USELL and BST, the "Companies" and each a "Company"), HD CAPITAL HOLDINGS LLC, a Delaware limited liability company ("HD Capital"), UPSTREAM PHONE COMPANY USA, INC., a Delaware corporation ("UPSTREAM"), and UPSTREAM PHONE HOLDINGS, INC., a Delaware corporation ("UPSTREAM HOLDINGS"); together with HD CAPITAL, and UPSTREAM, each a "Subsidiary" and collectively, the "Subsidiaries"), together with each other Person who becomes a party to this Agreement by execution of a joinder in the form of Exhibit A attached hereto, is hereinafter sometimes referred to individually as a "Debtor" and, collectively, as the "Debtors") and XXXXX, a Delaware limited li

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:

HealthLynked Corp – Security Agreement (January 9th, 2017)

This SECURITY AGREEMENT, dated as of July 11, 2016 (this "Agreement"), is among HealthLynked Corp., a Nevada corporation (the "Company"), all of the Subsidiaries of the Company (such subsidiaries, the "Guarantors" and, together with the Company, the "Debtors") and Iconic Holdings, LLC, its endorsees, transferees, and assigns (collectively, the "Secured Parties").

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.