SEC Contract Filing

Filing Date: 2017-03-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.15
<SEQUENCE>2
<FILENAME>rmgn-20161231ex1015daf6e.htm
<DESCRIPTION>EX-10.15
<TEXT>
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 <font style="display:inline;font-weight:bold;color:#000000;">Exhibit 10.15</font>
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 <font style="display:inline;font-weight:bold;color:#000000;">FIRST AMENDMENT TO<br />LOAN AND SECURITY AGREEMENT</font>
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 <font style="display:inline;font-weight:bold;color:#000000;">THIS FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT</font><font style="display:inline;color:#000000;"> (this &#x201C;</font><font style="display:inline;font-weight:bold;color:#000000;">Amendment</font><font style="display:inline;color:#000000;">&#x201D;) is entered into effective as of November 17, 2015, by and among</font><font style="display:inline;font-weight:bold;color:#000000;"> &nbsp;SILICON VALLEY BANK</font><font style="display:inline;color:#000000;"> , a California corporation (&#x201C;</font><font style="display:inline;font-weight:bold;color:#000000;"> Bank</font><font style="display:inline;color:#000000;"> &#x201D;), and</font><font style="display:inline;font-weight:bold;color:#000000;"> &nbsp;RMG NETWORKS HOLDING CORPORATION</font><font style="display:inline;color:#000000;"> , a Delaware corporation,</font><font style="display:inline;font-weight:bold;color:#000000;"> &nbsp;RMG NETWORKS, INC.</font><font style="display:inline;color:#000000;"> , a Delaware corporation,</font><font style="display:inline;font-weight:bold;color:#000000;"> &nbsp;RMG ENTERPRISE SOLUTIONS, INC.</font><font style="display:inline;color:#000000;"> , a Delaware corporation,</font><font style="display:inline;font-weight:bold;color:#000000;"> &nbsp;RMG NETWORKS LIMITED</font><font style="display:inline;color:#000000;"> , a corporation formed under the laws of the United Kingdom, and</font><font style="display:inline;font-weight:bold;color:#000000;"> &nbsp;RMG NETWORKS MIDDLE EAST, LLC</font><font style="display:inline;color:#000000;"> , a Nevada limited liability company (collectively, &#x201C;</font><font style="display:inline;font-weight:bold;color:#000000;"> Borrower</font><font style="display:inline;color:#000000;"> &#x201D;). &nbsp;</font>
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 <font style="display:inline;font-weight:bold;color:#000000;">RECITALS</font>
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 <font style="display:inline;font-weight:bold;color:#000000;">A.<font style="display:inline;font-weight:bold;color:#000000;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 30pt 0pt 0pt;"></font></font><font style="display:inline;color:#000000;">Bank and Borrower entered into that certain Loan and Security Agreement dated October 13, 2015 (as amended from time to time, the &#x201C;</font><font style="display:inline;font-weight:bold;color:#000000;">Loan Agreement</font><font style="display:inline;color:#000000;">&#x201D;).</font>
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 <font style="display:inline;font-weight:bold;color:#000000;">B.<font style="display:inline;font-weight:bold;color:#000000;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 30pt 0pt 0pt;"></font></font><font style="display:inline;color:#000000;">Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement. &nbsp;</font>
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 <font style="display:inline;font-weight:bold;color:#000000;">C.<font style="display:inline;font-weight:bold;color:#000000;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 30pt 0pt 0pt;"></font></font><font style="display:inline;color:#000000;">Bank and Borrower have agreed to amend the definition of &#x201C;Borrowing Base&#x201D; to correct a scrivener&#x2019;s error.</font>
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