Boomerang Systems – Loan and Security Agreement (August 14th, 2013)
Loan and Security Agreement dated as of June 6, 2013 among BOOMERANG SYSTEMS, INC., a corporation organized under the laws of the State of Delaware ("Holdings"), BOOMERANG SUB, INC., a corporation organized under the laws of the State of Delaware ("Boom Sub"), BOOMERANG USA CORP., a corporation organized under the laws of the State of Delaware ("Boom USA"), and BOOMERANG MP HOLDINGS, INC., a corporation organized under the laws of the State of New Jersey ("Boom MP" and together with Holdings, Boom Sub, Boom USA and each Person joined hereto as a borrower from time to time, collectively, the "Borrowers", and each a "Borrower"), the lenders now or hereafter a party hereto (collectively, the "Lenders" and each individually a "Lender") and PARKING SOURCE LLC, as agent for itself and the other Lenders (in such capacity, the "Agent").
Boomerang Systems – CHANGE IN TERMS AGREEMENT Principal Loan Date Maturity References in the Boxes Above Are for Lender's Use Only and Do Not Limit the Applicability of This Document to Any Particular Loan or Item. Any Item Above Containing "Ww-- Has Been Omitted Due to Text Length Limitations. (September 14th, 2011)
DESCRIPTION OF CHANGE IN TERMS. Original loan maturity date is extended to May 16, 2011. The new rate will be 3.05% All other terms and conditions remain the same. Highlands State Bank Cd # 2102 is held as collateral for this loan.
Boomerang Systems – Revolving Promissory Note (September 14th, 2011)
FOR VALUE RECEIVED, and intending to be legally bound, Boomerang Systems, Inc, a Delaware corporation ("Maker"), promises to pay to Gail Mulvihill, an individual ("Payee"), in lawful money of the United States of America, the principal sum of (i) Eight Hundred Thousand Dollars ($800,000) or (ii) if less, the aggregate principal amount of all outstanding loans (the "Loans") from Payee to Maker hereunder. Amounts may be repaid and reborrowed hereunder from time to time through and including the Repayment Date (defined below). Upon request of Maker, Payee shall make Loans to Maker under this note (the "Note") up to an aggregate amount of $800,000 (the "Credit Limit") provided no Event of Default (as hereinafter defined) shall have occurred and be continuing. The above request shall be made at least three (3) business days prior to the date of remittance of such loan and shall specify the amount of the Loan and the date of maturity, if different from the Repayment Date.
Boomerang Systems – EQUIPMENT SCHEDULE UNDER MASTER EQUIPMENT LEASE Dated as of July 30, 2007 (September 14th, 2011)
Lessee's insurance policy covering the Equipment shall contain minimum liability limits of $1,000,000.00 for each person, $1,000,000.00 for each occurrence and insure against claims for property damage in an amount not less than $1,000,000.00.