SECURITY AGREEMENTSecurity Agreement • November 16th, 2020 • Blackboxstocks Inc. • Services-computer programming services • New York
THIS SECURITY AGREEMENT is made and effective as of November 12, 2020 by and between BLACKBOXSTOCKS INC., a Nevada corporation (“Borrower”), and each other direct or indirect Subsidiary of Borrower added as a “Grantor” hereunder (each, a “Grantor”; collectively, the “Grantors”), in favor of FVP SERVICING, LLC, a Delaware limited liability company, as administrative agent (including any successor, participant, assignee or transferee thereof, “Administrative Agent”) for itself and the Lenders (as defined in the Loan Agreement referred to below).
NOTEBlackboxstocks Inc. • November 16th, 2020 • Services-computer programming services
FOR VALUE RECEIVED, BLACKBOXSTOCKS INC., a Nevada corporation (“Borrower”) hereby promises to pay to the order of Feenix Venture Partners Opportunity Fund II LP (the “Noteholder”), the principal amount of ONE MILLION AND NO/100 DOLLARS ($1,000,000.00) (or, the aggregate outstanding principal amount of the Loan held by the Noteholder) in accordance with the provisions of that certain Loan Agreement dated as of November 12, 2020 (as amended, modified or supplemented, the “Loan Agreement”), by and among Borrower, the Noteholder, the other Lenders party thereto and FVP SERVICING, LLC, a Delaware limited liability company, as administrative agent (“Administrative Agent”). Capitalized terms used herein shall have the meanings set forth in the Loan Agreement.
LOAN AGREEMENTLoan Agreement • November 16th, 2020 • Blackboxstocks Inc. • Services-computer programming services • New York
This LOAN AGREEMENT (this “Agreement”) dated as of November 12, 2020, is made by and among blackboxstocks Inc., a Nevada corporation (“Borrower”); each financial institution that from time to time is a Lender (as defined below) hereunder; and FVP SERVICING, LLC, a Delaware limited liability company (in its capacity as administrative agent for the Lenders, the “Administrative Agent” and together with Borrower and the Lenders, the “Parties”, and each, a “Party”).
