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.

LandStar, Inc. – Security Agreement (January 11th, 2019)

IN WITNESS WHEREOF, this SECURITY AGREEMENT has been duly executed by the Parties and shall be effective as of and on the Closing Date. Each of the undersigned Parties hereby represents and warrants that it (i) has the requisite power and authority to enter into and carry out the terms and conditions of this Agreement, as well as all transactions contemplated hereunder; and, (ii) it is duly authorized and empowered to execute and deliver this Agreement.

LandStar, Inc. – Security Agreement Parties (January 11th, 2019)

IN WITNESS WHEREOF, this SECURITY AGREEMENT has been duly executed by the Parties in Raleigh, North Carolina, and shall be effective as of and on the Effective Date set forth in Article I of this Agreement. Each of the undersigned Parties hereby represents and warrants that it (i) has the requisite power and authority to enter into and carry out the terms and conditions of this Agreement, as well as all transactions contemplated hereunder; and, (ii) it is duly authorized and empowered to execute and deliver this Agreement.

Workhorse Group Inc. – Security Agreement (January 2nd, 2019)

THIS SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this "Agreement") dated as of December 31, 2018 among Workhorse Group Inc., a Nevada corporation, Workhorse Technologies Inc., an Ohio corporation, Workhorse Properties Inc., an Ohio corporation, Workhorse Motor Works Inc, an Indiana corporation, and Surefly, Inc., a Delaware corporation (each a "Grantor" and, collectively, the "Grantors") and Wilmington Trust, National Association, in its capacity as agent for the benefit of the Lenders (together with its successors and assigns in such capacity, the "Secured Party").

Appliance Recycling Centers of America, Inc. – Security Agreement (December 31st, 2018)

THIS SECURITY AGREEMENT is made and entered into as of December 26, 2018, by and between APPLIANCESMART HOLDINGS LLC, a Nevada limited liability company ("Debtor"), and APPLIANCE RECYCLING CENTERS OF AMERICA, INC., a Minnesota corporation ("Secured Party"), whose addresses are set forth below.

Appliance Recycling Centers of America, Inc. – Security Agreement (December 31st, 2018)

THIS SECURITY AGREEMENT is made and entered into as of December 26, 2018, by and between APPLIANCESMART, INC., a Minnesota corporation ("Debtor") and APPLIANCE RECYCLING CENTERS OF AMERICA, INC., a Minnesota corporation ("Secured Party") whose addresses are set forth below.

Appliance Recycling Centers of America, Inc. – Security Agreement (December 31st, 2018)

THIS SECURITY AGREEMENT is made and entered into as of December 28, 2018, by and between APPLIANCESMART CONTRACTING INC., a Nevada corporation ("Debtor") and APPLIANCE RECYCLING CENTERS OF AMERICA, INC., a Minnesota corporation ("Secured Party") whose addresses are set forth below.

Digital Power Corporation – Security Agreement (December 31st, 2018)

This SECURITY AGREEMENT, dated as of December 28, 2018 (this "Agreement"), is by and among Enertec Systems 2001 Ltd., an Israeli corporation (the "Company"), any subsidiary of the Company that is a signatory hereto either now joined or joined in the future (such subsidiaries, the "Guarantors" and, together with the Company, the "Debtors") and the holder of that certain Secured Promissory Note in the principal amount of $500,000 (the "Note"), signatory hereto, its endorsees, transferees and assigns (collectively, the "Secured Lender").

Digital Power Corporation – Security Agreement (December 31st, 2018)

This SECURITY AGREEMENT, dated as of December 28, 2018 (this "Agreement"), is by and among Microphase Corporation, a Delaware corporation (the "Company"), any subsidiary of the Company that is a signatory hereto either now joined or joined in the future (such subsidiaries, the "Guarantors" and, together with the Company, the "Debtors") and the holder of that certain Secured Promissory Note in the principal amount of $200,000 (the "Note"), signatory hereto, its endorsees, transferees and assigns (collectively, the "Secured Lender").

Arcimoto Inc – Security Agreement (December 28th, 2018)

THIS SECURITY AGREEMENT, dated as of December 27, 2018 (this "Agreement"), is made by Arcimoto, Inc., an Oregon corporation ("Grantor"), in favor of FOD Capital, LLC, a Florida limited liability company, pursuant to the Loan Agreement (as hereinafter defined), as pledgee, assignee and secured party (in such capacities and together with any successors in such capacities, the " Lender").

SECURITY AGREEMENT Made by and Certain of Their Respective Subsidiaries in Favor of WILMINGTON TRUST, NATIONAL ASSOCIATION as Agent Dated as of September 10, 2018 (December 20th, 2018)

THIS SECURITY AGREEMENT (the "Agreement"), dated as of September 10, 2018, is made by K. Hovnanian Enterprises, Inc., a California corporation (the "Borrower"), Hovnanian Enterprises, Inc., a Delaware corporation ("Holdings"), and each of the signatories listed on Schedule A hereto (the Borrower, Holdings and such signatories, together with any other entity that may become a party hereto as provided herein, the "Grantors"), in favor of Wilmington Trust, National Association, as Administrative Agent in its capacity as collateral agent (in such capacity, the "Agent") for the benefit of itself and the Lenders (as defined below).

Youngevity International, Inc. – Security Agreement (December 19th, 2018)

THIS SECURITY AGREEMENT (this "Agreement") is made as of December 13, 2018 (the "Funding Date") by and between CLR ROASTERS, LLC, a Florida limited liability company ("CLR Roasters" or "Pledgor") and Carl Grover (the "Secured Party") TO THAT CERTAIN CREDIT AGREEMENT DATED AS OF DECEMBER 13, 2018 BETWEEN THE PLEDGOR, SILES FAMILY PLANTATION GROUP S.A. AND THE SECURED PARTIES (the "Credit Agreement").

Youngevity International, Inc. – Security Agreement (December 19th, 2018)

THIS SECURITY AGREEMENT (this "Agreement") is made as of December 13, 2018 by Stephan Wallach and Michelle Wallach (individually, a "Pledgor" and collectively the "Pledgors"), in favor of Carl Grover (the "Secured Party") pursuant to the terms of that certain Credit Agreement, dated December 13, 2018 (the "Credit Agreement") between the Secured Party and CLR Roasters, LLC, a Florida limited liability company (the "Company" or as sometimes referred to herein, as the "Borrower").

Security Agreement (December 19th, 2018)

This SECURITY AGREEMENT (this Agreement) is dated as of December 17, 2018 and entered into by and among ReShape Lifesciences Inc., a Delaware corporation (ReShape), each of the undersigned direct and indirect Subsidiaries of ReShape (each of such undersigned Subsidiaries being a Subsidiary Grantor and, collectively, the Subsidiary Grantors) and each Additional Grantor that may become a party hereto after the date hereof in accordance with Section 21 hereof (each of ReShape, each Subsidiary Grantor, and each Additional Grantor being a Grantor and collectively the Grantors) and Apollo Endosurgery, Inc., a Delaware corporation (the Secured Party).

Xg Technology Inc – Security Agreement (December 4th, 2018)

This SECURITY AGREEMENT, dated as of December 3, 2018 (this "Agreement"), is among xG Technology, Inc., a Delaware 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 10% Senior Secured Convertible Debentures due September 30, 2019, in the original aggregate principal amount of $3,684,211 (collectively, the "Debentures") signatory hereto, their endorsees, transferees and assigns (collectively, the "Secured Parties").

Body & Mind Inc. – Security Agreement (December 4th, 2018)

By this Security Agreement (this "Agreement"), dated as of November 28, 2018 (the "Effective Date"), Body and Mind Inc. (the "Secured Party") and Green Light District Holdings, Inc. (the "Debtor") in consideration of the mutual covenants and agreements set forth in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, represent, warrant, covenant and agree as follows.

Level Brands, Inc. – Security Agreement (December 4th, 2018)

This Security Agreement (the "Security Agreement") dated as of December 4, 2018 by and between CURE BASED DEVELOPMENT, LLC, a Nevada limited liability company (the "Company"), and LEVEL BRANDS, INC., a North Carolina corporation (the "Holder"). This Note is being entered into in accordance with the terms and conditions of that certain Agreement and Plan of Merger dated December 3, 2018 by and among the Holder, AcqCo, LLC, a North Carolina limited liability company and a wholly owned subsidiary of the Holder, cbdMD LLC, a North Carolina limited liability company and wholly owned subsidiary of the Holder, and the Company (the "Merger Agreement").

ICTV Brands Inc. – Security Agreement (November 27th, 2018)

This Security Agreement is entered into on November 20, 2018, by and between ICTV BRANDS INC., a Nevada corporation ("Debtor") and STEPHEN JAMES BARRY JARVIS ("Secured Party").

ICTV Brands Inc. – Security Agreement (November 27th, 2018)

This Security Agreement is entered into on November 20, 2018, by and between ICTV BRANDS INC., a Nevada corporation ("Debtor") and KELVIN and ROBIN JAN CLANEY (together, the "Secured Party").

DigiPath,Inc. – Security Agreement (November 21st, 2018)

SECURITY AGREEMENT (this "Agreement"), dated as of October 23, 2018 (this "Agreement") between DIGIPATH, INC., a Nevada corporation (the "Parent"), DIGIPATH, LABS, INC., a Nevada corporation ("Digi Labs" and together with the Parent, collectively, the "Company"), and CSW Ventures, LP, (in such capacity, the "Collateral Agent") for the holder(s) of the Note (as defined below) listed on Schedule A hereto, as it may be updated from time to time (collectively, the "Holders").

OncBioMune Pharmaceuticals, Inc – Security Agreement (November 14th, 2018)

THIS SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this "Agreement") dated as of September 24, 2018 between OncBioMune Pharmaceuticals, Inc., a Nevada corporation ("OBMP") and OncBioMune, Inc., a Louisiana corporation (the "Subsidiary") (the Subsidiary, 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, which shall include all wholly-owned or majority-owned subsidiaries of OBMP acquired after the date hereof for so long as this Agreement remains in effect, are hereinafter sometimes referred to individually as a "Debtor" and, collectively, as the "Debtors") and Cavalry Fund I LP, a Delaware limited partnership, in its capacity as Collateral Agent for the benefit of itself and each of the Purchasers (as hereinafter defined) (together with their successors and assigns, the "Secured Parties").

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").

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 1/18/2018, 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").

Digital Power Corporation – APPENDIX B SECURITY AGREEMENT AND GUARANTY Merchants Legal Name: DIGITAL POWER CORPORATION Physical Address: 48430 Lakeview Blvd, FREMONT, CA, 94538 Federal ID#: (November 1st, 2018)

To secure Merchants delivery obligations to Libertas FUNDING, LLC (the "Purchaser") under the Future Receivables Sale Agreement (the "Agreement") dated 3/23/2018, 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").