SECURITY AGREEMENT
EX-10.2
Exhibit 10.2
| EXECUTION COPY |
SECURITY AGREEMENT
THIS SECURITY AGREEMENT is made and effective as of May 7, 2026, by and among each “Grantor” identified on the signature pages hereto, and each other direct or indirect Subsidiary of any Grantor 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).
R E C I T A L S
WHEREAS, pursuant to that certain Loan Agreement (as amended, restated, supplemented, extended or otherwise modified from time to time, the “Loan Agreement”) dated as of the date hereof by and among Shore Fire Media, Ltd. (“Shore Fire”), The Door Marketing Group, LLC (“The Door”; The Door and Shore Fire, each, a “Borrower” and, together, “Borrowers”), Administrative Agent and the Lenders from time to time party thereto, each Grantor is required to have executed and delivered this Security Agreement encumbering substantially all of each Grantor’s tangible and intangible personal property assets in favor of Administrative Agent for the ratable benefit of itself and the Lenders; and
WHEREAS, each Grantor has determined that it is in its best interest to execute this Security Agreement.
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