Document:

Unassociated Document

    SENIOR
SECURED PROMISSORY NOTE

    

    
      	
              $1,000,000.00

            	
              12,/31/08

            

    

    
      	
               
      

            	
              Santa
      Barbara, CA

            

    

    

    For value
received FIRST BLUSH, INC., a
Delaware corporation ("Payor"
or the
"Company")
promises to pay to ROSE HILL
GARDEN,
LLC or its
assigns ("Holder")
the principal sum of $1,000,000.00 with compounded interest on the
outstanding principal amount at the rate of 12% per annum. Interest shall
commence with the date hereof and shall continue on the outstanding principal
until paid in full. Interest shall be computed on the basis of a year of 365
days for the actual number of days elapsed.

    

    1.           This
note (the "Note") is issued as
part of a series of similar notes (collectively, the "Notes") to be issued pursuant to the terms
of that certain Loan Agreement (the "Agreement") dated as of September 1. 2008 (the
"Agreement Date") to the Holder.

    

    2.           All
payments of interest and principal shall be in lawful money of the United States
of America. All payments shall be applied first to accrued interest, and
thereafter to principal.

    

    3.           The outstanding principal balance of
this Note, together with interest accrued with respect thereto, shall be due and
payable in full within thirty (30) days of written demand by the Holder, and in no case shall this Note
remain outstanding and unpaid beyond two (2) years following the issuance hereof (the "Maturity Date").

    

    4.           In
the event of any default hereunder, Payor shall indemnify Holder for all costs
and expenses resulting from a claim of default (including reasonable attorneys
fees) and upon written notice shall pay directly all reasonable attorneys' fees
and court costs incurred by Holder in enforcing and collecting this
Note.

    

    5.           The
Payor shall have the right to repay all interest and principal under the Note
anytime prior to the Maturity Date.

    

    6.           If
there shall be any event of Default hereunder, at the option and upon the
declaration of'the Holder of'this Note and upon written notice to the Payor
(which election and notice shall not be required in the case of an Event of
Default under Section 6(c) or 6(d)), this Note shall accelerate and all
principal and unpaid accrued interest shall become due and payable. The
occurrence of any one or more of the following shall constitute an Event of
Default:

    

    (a)           Payor
fails to pay timely any of the principal amount due under this Note on the date
the same becomes due and payable or any accrued interest or other amounts due
under this Note on the date the same becomes due and payable;

    

    (b)           Payor
shall default in its performance of any covenant under the
Agreement;

    

    (c)           Payor
files any petition or action for relief under any bankruptcy, reorganization,
insolvency or moratorium law or any other law for the relief of. or relating to,
debtors, now or hereafter in effect, or makes any assignment for the benefit of
creditors or takes any corporate action in furtherance of any of the
foregoing; or

     

    
      
        
        

      

      
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      (d)           An
involuntary petition is filed against Payor (unless such petition is dismissed
or discharged within sixty (60) days under any bankruptcy statute now or
hereafter in effect, or a custodian, receiver, trustee, assignee for the benefit
of creditors (or other similar official) is appointed to take possession,
custody or control of any property of Payor.

      

      7.           Payor
hereby waives demand, notice, presentment, protest and notice of
dishonor.

      

      8.           This
Note shall be governed by and construed under the laws of the State of
California, as applied to agreements among California residents, made and to be
performed entirely within the State of California, without giving effect to
conflicts of laws principles.

      

      9.           This
Note is secured by the assets defined as "Collateral"in the Security Agreement by
and between Payor and Company, dated as of September ___, 2007 (the "Security
Agreement"). Reference is made to the Security Agreement for a description of
the Collateral covered thereby and the rights, remedies and obligations of Payor
and Holder in respect thereto.

      

      10.           The
indebtedness evidenced by this Note is hereby expressly made senior to any and
all indebtedness owed by Payor. In no event shall Payor incur any third party
debt obligation that is senior to Payor's secured debt evidenced by this Note,
the Agreement and the Security Agreement, without the written agreement of
Holder, in each instances.

      

      11.           Any
term of this Note may be amended or waived with the written consent of Payor and
Holder.

      

      12.           This
Note may be transferred only upon its surrender to the Company for registration
of transfer, duly endorsed, or accompanied by a duly executed written instrument
of transfer in form satisfactory to the Company. Thereupon. this Note shall be
reissued to, and registered in the name of, the transferee, or a new Note for
like principal amount and interest shall be issued to, and registered in the
name of, the transferee. Interest and principal shall be paid solely to the
registered holder of this Note. Such payment shall constitute full discharge of
the Company's obligation to pay such interest and principal.

      

      

      [REMAINDER
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        	 	FIRST BLUSH,
      INC.
	 	 	 	 
	
                 

              	
                By:
      

              	
                /s/ Daniel Ginsberg

              
	 	 	Name:	Daniel
      Ginsberg
	 	 	Title:	CEO
	 	 	 	 

      

    

    
       

      
        
          
          

        

        
          3.Unassociated Document

    SENIOR
SECURED PROMISSORY NOTE

    

    
      	
              $100,000.00

            	
              June
      26, 2009

              Santa
      Barbara, CA

            

    

    

    For value
received FIRST BLUSH,
INC., a Delaware corporation (“Payor” or
the “Company”) promises to pay to
MICHAEL D. BAGDASARIAN, TRUSTEE or its assigns
(“Holder”) the principal sum of
$100,000.00 with compounded interest on the outstanding principal amount at the
rate of 12% per annum.
Interest shall commence with the date hereof and shall continue on the
outstanding principal until paid in full. Interest shall be computed on the
basis of a year of 365 days for the actual number of days elapsed.

    

    1.    This note (the
“Note”) is issued as part of a
series of similar notes (collectively, the “Notes”) to be issued against
Accounts Receivables of the Company as of June 26, 2009.

    

    2.    All payments
of interest and principal shall be in lawful money of the United States of
America. All payments shall be applied first to accrued interest, and thereafter
to principal.

    

    3.    The
outstanding principal balance of this Note, together with interest accrued with
respect thereto, shall be due and payable upon receipt of Accounts Receivable
following the issuance hereof (the “Maturity
Date”).

    

    4.    In the event of any default
hereunder, Payor shall indemnify Holder for all costs and expenses resulting
from a claim of default (including reasonable attorneys fees) and upon written
notice shall pay directly all reasonable attorneys' fees and court costs
incurred by Holder in enforcing and collecting this Note.

    

    5.    The Payor
shall have the right to repay all interest and principal under the Note anytime
prior to the Maturity Date.

    

    6.    If there shall
be any Event of Default hereunder, at the option and upon the declaration of the
Holder of this Note and upon written notice to the Payor this Note shall
accelerate and all principal and unpaid accrued interest shall become due and
payable. The occurrence of any one or more of the following shall constitute an
Event of Default:

    

    (a)    Payor fails to
pay timely any of the principal amount due under this Note on the date the same
becomes due and payable or any accrued interest or other amounts due under this
Note on the date the same becomes due and payable;

    

    (b)    Payor shall
default in its performance of any covenant under the Note;

    

    (c)    Payor files
any petition or action for relief under any bankruptcy, reorganization,
insolvency or moratorium law or any other law for the relief of, or relating to,
debtors, now or hereafter in effect, or makes any assignment for the benefit of
creditors or takes any corporate action in furtherance of any of the foregoing;
or

    

    (d)    An involuntary
petition is filed against Payor (unless such petition is dismissed or discharged
within sixty (60) (days under any bankruptcy statute now or hereafter in effect,
or a custodian, receiver, trustee, assignee for the benefit of creditors (or
other similar official) is appointed to take possession, custody or control of
any property of Payor.

     

    
      
        
        

      

      
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    7.    Payor hereby
waives demand, notice, presentment, protest and notice of dishonor.

    

    8.    This Note
shall be governed by and construed under the laws of the State of California, as
applied to agreements among California residents, made and to be performed
entirely within the State of California, without giving effect to conflicts of
laws principles.

    

    9.    This Note is
secured by Accounts Receivable of the Company dated as of June 26, 2009.

    

    10.   The indebtedness
evidenced by this Note is hereby expressly made senior to any and all
indebtedness owed by Payor. In no event shall Payor incur any third party debt
obligation that is senior to Payor's secured debt evidenced by this Note, the
Agreement and the Security Agreement, without the written agreement of Holder,
in each instances.

    

    11.   Any terms of this
Note may be amended or waived with the written consent of Payor and
Holder.

    

    12.    This Note may
be transferred only upon its surrender to the Company for registration of
transfer, duly endorsed, or accompanied by a duly executed written instrument of
transfer in form satisfactory to the Company. Thereupon, this Note shall be
reissued to, and registered in the name of, the transferee, or a new Note for
like principal amount and interest shall be issued to, and registered in the
name of, the transferee. Interest and principal shall be paid solely to the
registered holder of this Note. Such payment shall constitute full discharge of
the Company's obligation to pay such interest and principal.

    

    

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    FIRST
BLUSH, INC.

     

    By: /s/ Daniel Ginsberg

    Name:
Daniel Ginsberg

    Title:  
CEO                   

    

    

    

    

    
 

    [SIGNATURE
PAGE TO SECURED PROMISSORY NOTE]

     

    
      
        
        

      

      
        3.

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