THIS LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as of this 8th day of December, 2020, by and between VENUS CONCEPT USA INC., a Delaware corporation, whose address is 1880 N. Commerce Parkway, Suite 2, Weston, Florida 33326 (the “Borrower”), and CITY NATIONAL BANK OF FLORIDA, its successors and/or assigns (the “Lender”), whose address is 100 S.E. 2nd Street, 13th Floor, Miami, Florida 33131.

Sensus Healthcare has entered into a $15 million revolving credit facility with City National Bank of Florida, according to an SEC filing. The agreement, dated 8 December 2020, is part of the Main Street Priority Loan Facility established under the Federal Reserve Act to support businesses affected by the COVID-19 pandemic. The credit facility is secured by accounts, inventory, equipment and intellectual property. It includes financial covenants and reporting requirements, including maintaining a minimum deposit balance and submitting quarterly and annual financial statements. Sensus Healthcare, which specialises in non-invasive treatment of non-melanoma skin cancers using superficial radiation therapy technology, will use the facility to support operations and payroll whilst expanding its market presence. The agreement includes CARES Act compliance provisions, restricting stock repurchases and executive compensation.