SUMMER INFANT, INC., and SUMMER INFANT (USA), INC., as Borrowers, and THE GUARANTORS FROM TIME TO TIME PARTY HERETO LOAN AND SECURITY AGREEMENT Dated as of February 28, 2013 CERTAIN FINANCIAL INSTITUTIONS, as Lenders and BANK OF AMERICA, N.A., as...Loan and Security Agreement • March 4th, 2013 • Summer Infant, Inc. • Miscellaneous manufacturing industries • New York
THIS LOAN AND SECURITY AGREEMENT is dated as of February 28, 2013, among SUMMER INFANT, INC., a Delaware corporation (the “Company”), SUMMER INFANT (USA), INC., a Rhode Island corporation (“SI USA”, and together with Company, collectively, “Borrowers”), THE GUARANTORS FROM TIME TO TIME PARTY HERETO, the financial institutions party to this Agreement from time to time as lenders (collectively, “Lenders”), BANK OF AMERICA, N.A., a national banking association, as agent for the Lenders (“Agent”) and MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, as Sole Lead Arranger and Sole Bookrunner (“Arranger”).
SECURITY AGREEMENT by SUMMER INFANT (USA), INC. as Lead Borrower and THE OTHER BORROWERS AND LOAN PARTIES PARTY HERETO FROM TIME TO TIME and SALUS CAPITAL PARTNERS, LLC, as Agent Dated as of February 28, 2013Security Agreement • March 4th, 2013 • Summer Infant, Inc. • Miscellaneous manufacturing industries • New York
SECURITY AGREEMENT dated as of February 28, 2013 (as amended, restated, supplemented or otherwise modified from time to time in accordance with the provisions hereof, this “Security Agreement”) made by (i) SUMMER INFANT (USA), INC., a Rhode Island corporation having an office at 1275 Park East Drive, Woonsocket, Rhode Island 02895, as lead borrower for itself and the other Borrowers (the “Lead Borrower”), (ii) SUMMER INFANT, INC., a Delaware corporation having an office at 1275 Park East Drive, Woonsocket, Rhode Island 02895 (together with the Lead Borrower, the “Original Borrowers”) AND THE OTHER BORROWERS FROM TIME TO TIME PARTY HERETO BY EXECUTION OF A JOINDER AGREEMENT (the “Additional Borrowers,” and together with the Original Borrowers, the “Borrowers”), and (iv) THE GUARANTORS FROM TIME TO TIME PARTY HERETO BY EXECUTION OF A JOINDER AGREEMENT (the “Guarantors”), as pledgors, assignors and debtors (the Borrowers, together with the Guarantors, in such capacities and together with
TERM LOAN AGREEMENT Dated as of February 28, 2013 among SUMMER INFANT (USA), INC., as the Lead Borrower For The Borrowers Named Herein The Guarantors Named Herein SALUS CAPITAL PARTNERS, LLC as Administrative Agent and Collateral Agent, and The Other...Term Loan Agreement • March 4th, 2013 • Summer Infant, Inc. • Miscellaneous manufacturing industries • New York
