LOAN AND SECURITY AGREEMENTLoan and Security Agreement • November 5th, 2015 • Envision Solar International, Inc. • Semiconductors & related devices • Nevada
THIS LOAN AND SECURITY AGREEMENT (this "Agreement") dated as of October 30, 2015 (the "Effective Date") among SILICON VALLEY BANK, a California corporation ("Bank"), and ENVISION SOLAR INTERNATIONAL, INC., a Nevada corporation ("Envision International"), and ENVISION SOLAR CONSTRUCTION, INC., a California corporation ("Envision Construction", and together with Envision International, individually and collectively, jointly and severally, "Borrower"), provides the terms on which Bank shall lend to Borrower and Borrower shall repay Bank. The parties agree as follows:
Side LetterEnvision Solar International, Inc. • November 5th, 2015 • Semiconductors & related devices • California
This Loan Guaranty Side Letter (this "Agreement") is made as of October 30, 2015 (the "Effective Date") hereby confirms that, in consideration of the guarantee by Keshif Ventures, LLC (the "Guarantor") pursuant to that certain Master Unconditional Limited Guaranty, dated as of August 5, 2015 (the "Guaranty") by and between Guarantor and Silicon Valley Bank (the "Bank"), as supplemented by a Supplement thereto, dated as of the Effective Date (the "Company Supplement"), with respect to a debt facility in the aggregate maximum principal amount of One Million Dollars ($1,000,000.00) (the "Loan Facility") made available by the Bank to Envision Solar International, Inc., a Nevada corporation (the "Company") pursuant to that certain Loan and Security Agreement dated as of the Effective Date (the "Loan Agreement"), Guarantor is entitled to receive shares of Common Stock of the Company pursuant to the Stock Purchase Agreement in the form attached hereto as Exhibit A (the "Purchase Agreement") a
STOCK PURCHASE AGREEMENTStock Purchase Agreement • November 5th, 2015 • Envision Solar International, Inc. • Semiconductors & related devices • California
THIS STOCK PURCHASE AGREEMENT ("Agreement") is entered into as of October 30, 2015 (the "Effective Date"), by and between Envision Solar International, Inc., a Nevada corporation ("Seller," "EVSI," or "Company"), and Keshif Ventures, LLC ("Purchaser").
SUBORDINATION AGREEMENTSubordination Agreement • November 5th, 2015 • Envision Solar International, Inc. • Semiconductors & related devices • California
This Subordination Agreement (the "Agreement") is made as of October 30, 2015, by and between KESHIF VENTURES, LLC ("Creditor"), and SILICON VALLEY BANK, a California corporation, with its principal place of business at 3003 Tasman Drive, Santa Clara, California 95054 ("Bank").
