Document:

ex_154617.htm

Exhibit 10.203

 

 

AMENDMENT NO. 1 TO AMENDED & RESTATED SECURED PROMISSORY NOTE

(Original Principal Amount $3,000,000)

 

This Amendment No. 1 to the Amended and Restated Secured Promissory Note (the "Amendment") is made as of June 30, 2019 (the “Effective Date”), by and between TWINLAB CONSOLIDATED HOLDINGS, INC., a Nevada corporation ("TCHI"), TWINLAB CONSOLIDATION CORPORATION, a Delaware corporation, TWINLAB HOLDINGS, INC., a Michigan corporation, ISI BRANDS INC., a Michigan corporation, TWINLAB CORPORATION, a Delaware corporation, NUTRASCIENCE LABS, INC., a Delaware corporation, NUTRASCIENCE LABS IP CORPORATION, a Delaware corporation, ORGANIC HOLDINGS LLC, a Delaware limited liability company, RESERVE LIFE ORGANICS, LLC, a Delaware limited liability company, RESVITALE, LLC, a Delaware limited liability company, RE-BODY, LLC, a Delaware limited liability company, INNOVITAMIN ORGANICS, LLC, a Delaware limited liability company, ORGANICS MANAGEMENT LLC, a Delaware limited liability company, COCOAWELL, LLC, a Delaware limited liability company, FEMBODY, LLC, a Delaware limited liability company, RESERVE LIFE NUTRITION, L.L.C., a Delaware limited liability company, INNOVITA SPECIALTY DISTRIBUTION LLC, a Delaware limited liability company, and JOIE ESSANCE, LLC, a Delaware limited liability company (collectively as "Maker"), and GREAT HARBOR CAPITAL, LLC, a Delaware limited liability company ("Holder").

 

WHEREAS, the Maker is indebted to the Holder under a certain Amended and Restated Secured Promissory Note in the principal amount of Three Million Dollars ($3,000,000), dated August 30, 2017 (the "Note"); and

 

WHEREAS, the Borrower and the Holder have agreed to amend the Note in accordance with this Amendment.

 

NOW, THEREFORE, the parties hereto agree as follows:

 

1.     In the introduction paragraph, the phrase "August 29, 2020" is hereby restated in its entirety to read as "October 22, 2021" such that the Maturity Date shall be October 22, 2021.

 

2.     Except as expressly amended hereby, all terms and conditions of the Note shall remain in full force and effect.

 

3.     Upon the effectiveness of this Amendment, each reference in the Note to "the Note," "this Note," "hereunder," "hereof," "herein," or words of similar import shall mean and be a reference to the Note, as amended by this Amendment.

 

4.     This Amendment constitutes the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and supersedes all prior negotiations, understandings, and agreements between such parties with respect to the subject matter hereof. To the extent of any conflict between the terms and conditions of this Amendment and the Note, the terms and conditions of this Amendment shall govern.

 

 

Amendment No. 1 to Amended and Restated Secured Promissory Note ($3,000,000 – Great Harbor)

 

 

 

 

5.     This Amendment may be executed in one or more counterparts, including by means of facsimile and/or portable document format, each of which shall be an original and all of which shall together constitute one and the same document.

 

 

[SIGNATURE PAGE FOLLOWS]

 

 

Amendment No. 1 to Amended and Restated Secured Promissory Note ($3,000,000 – Great Harbor)

 

2

 

 

IN WITNESS WHEREOF, Maker and Holder have executed this Amendment as of the date first above written.

 

 

TWINLAB CONSOLIDATED HOLDINGS, INC.

 

 

	
			By: 

				
			/s/ Anthony Zolezzi

				
			 Date: 7/8/2019

			
	
			 

				
			     Anthony Zolezzi

				
			 

			
	
			 

				
			     Chief Executive Officer

				
			 

			

 

 

GREAT HARBOR CAPITAL, LLC

 

 

	
			By: 

				
			/s/ David Van Andel

				
			 Date: 7/8/2019

			
	
			 

				
			     David Van Andel

				
			 

			
	
			 

				     President	
			 

			

 

 

Amendment No. 1 to Amended and Restated Secured Promissory Note ($3,000,000 – Great Harbor)ex_154596.htm

Exhibit 10.204

 

 

AMENDMENT NO. 1 TO SECURED PROMISSORY NOTE

(Original Principal Amount $2,000,000)

 

This Amendment No. 1 to the Secured Promissory Note (the "Amendment") is made as of June 30, 2019 (the “Effective Date”), by and between TWINLAB CONSOLIDATED HOLDINGS, INC., a Nevada corporation ("TCHI"), TWINLAB CONSOLIDATION CORPORATION, a Delaware corporation, TWINLAB HOLDINGS, INC., a Michigan corporation, ISI BRANDS INC., a Michigan corporation, TWINLAB CORPORATION, a Delaware corporation, NUTRASCIENCE LABS, INC., a Delaware corporation, NUTRASCIENCE LABS IP CORPORATION, a Delaware corporation, ORGANIC HOLDINGS LLC, a Delaware limited liability company, RESERVE LIFE ORGANICS, LLC, a Delaware limited liability company, RESVITALE, LLC, a Delaware limited liability company, RE-BODY, LLC, a Delaware limited liability company, INNOVITAMIN ORGANICS, LLC, a Delaware limited liability company, ORGANICS MANAGEMENT LLC, a Delaware limited liability company, COCOAWELL, LLC, a Delaware limited liability company, FEMBODY, LLC, a Delaware limited liability company, RESERVE LIFE NUTRITION, L.L.C., a Delaware limited liability company, INNOVITA SPECIALTY DISTRIBUTION LLC, a Delaware limited liability company, and JOIE ESSANCE, LLC, a Delaware limited liability company (collectively as "Maker"), and GREAT HARBOR CAPITAL, LLC, a Delaware limited liability company ("Holder").

 

WHEREAS, the Maker is indebted to the Holder under a certain Secured Promissory Note in the principal amount of Two Million Dollars ($2,000,000), dated February 6, 2018 (the "Note"); and

 

WHEREAS, the Borrower and the Holder have agreed to amend the Note in accordance with this Amendment.

 

NOW, THEREFORE, the parties hereto agree as follows:

 

1.     In the introduction paragraph, the phrase "February 6, 2021" is hereby restated in its entirety to read as "October 22, 2021" such that the Maturity Date shall be October 22, 2021.

 

2.     Except as expressly amended hereby, all terms and conditions of the Note shall remain in full force and effect.

 

3.     Upon the effectiveness of this Amendment, each reference in the Note to "the Note," "this Note," "hereunder," "hereof," "herein," or words of similar import shall mean and be a reference to the Note, as amended by this Amendment.

 

4.     This Amendment constitutes the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and supersedes all prior negotiations, understandings, and agreements between such parties with respect to the subject matter hereof. To the extent of any conflict between the terms and conditions of this Amendment and the Note, the terms and conditions of this Amendment shall govern.

 

 

Amendment No. 1 to Secured Promissory Note ($2,000,000 – Great Harbor)

 

 

 

 

5.     This Amendment may be executed in one or more counterparts, including by means of facsimile and/or portable document format, each of which shall be an original and all of which shall together constitute one and the same document.

 

 

 

[SIGNATURE PAGE FOLLOWS]

 

 

Amendment No. 1 to Secured Promissory Note ($2,000,000 – Great Harbor)

 

2

 

 

IN WITNESS WHEREOF, Maker and Holder have executed this Amendment as of the date first above written.

 

 

TWINLAB CONSOLIDATED HOLDINGS, INC.

 

 

	By:	/s/Anthony Zolezzi     	Date:	7/8/2019 
	 	Anthony Zolezzi	 	 
	 	Chief Executive Officer	 	 

 

 

GREAT HARBOR CAPITAL, LLC

 

 

	By:	 /s/David Van Andel     	Date:	7/8/2019 
	 	David Van Andel	 	 
	 	President	 	 

 

 

Amendment No. 1 to Secured Promissory Note ($2,000,000 – Great Harbor)ex_154597.htm

Exhibit 10.205

 

 

AMENDMENT NO. 1 TO SECURED PROMISSORY NOTE

(Original Principal Amount $5,000,000)

 

This Amendment No. 1 to the Secured Promissory Note (the "Amendment") is made as of June 30, 2019 (the “Effective Date”), by and between TWINLAB CONSOLIDATED HOLDINGS, INC., a Nevada corporation ("TCHI"), TWINLAB CONSOLIDATION CORPORATION, a Delaware corporation, TWINLAB HOLDINGS, INC., a Michigan corporation, ISI BRANDS INC., a Michigan corporation, TWINLAB CORPORATION, a Delaware corporation, NUTRASCIENCE LABS, INC., a Delaware corporation, NUTRASCIENCE LABS IP CORPORATION, a Delaware corporation, ORGANIC HOLDINGS LLC, a Delaware limited liability company, RESERVE LIFE ORGANICS, LLC, a Delaware limited liability company, RESVITALE, LLC, a Delaware limited liability company, RE-BODY, LLC, a Delaware limited liability company, INNOVITAMIN ORGANICS, LLC, a Delaware limited liability company, ORGANICS MANAGEMENT LLC, a Delaware limited liability company, COCOAWELL, LLC, a Delaware limited liability company, FEMBODY, LLC, a Delaware limited liability company, RESERVE LIFE NUTRITION, L.L.C., a Delaware limited liability company, INNOVITA SPECIALTY DISTRIBUTION LLC, a Delaware limited liability company, and JOIE ESSANCE, LLC, a Delaware limited liability company (collectively as "Maker"), and GREAT HARBOR CAPITAL, LLC, a Delaware limited liability company ("Holder").

 

WHEREAS, the Maker is indebted to the Holder under a certain Secured Promissory Note in the principal amount of Five Million Dollars ($5,000,000), dated July 27, 2018 (the "Note"); and

 

WHEREAS, the Borrower and the Holder have agreed to amend the Note in accordance with this Amendment.

 

NOW, THEREFORE, the parties hereto agree as follows:

 

1.     In the introduction paragraph, the phrase "January 27, 2020" is hereby restated in its entirety to read as "October 22, 2021" such that the Maturity Date shall be October 22, 2021.

 

2.     Except as expressly amended hereby, all terms and conditions of the Note shall remain in full force and effect.

 

3.     Upon the effectiveness of this Amendment, each reference in the Note to "the Note," "this Note," "hereunder," "hereof," "herein," or words of similar import shall mean and be a reference to the Note, as amended by this Amendment.

 

4.     This Amendment constitutes the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and supersedes all prior negotiations, understandings, and agreements between such parties with respect to the subject matter hereof. To the extent of any conflict between the terms and conditions of this Amendment and the Note, the terms and conditions of this Amendment shall govern.

 

 

Amendment No. 1 to Secured Promissory Note ($5,000,000 – Great Harbor)

 

 

 

 

5.     This Amendment may be executed in one or more counterparts, including by means of facsimile and/or portable document format, each of which shall be an original and all of which shall together constitute one and the same document.

 

 

 

[SIGNATURE PAGE FOLLOWS]

 

 

Amendment No. 1 to Secured Promissory Note ($5,000,000 – Great Harbor)

 

2

 

 

IN WITNESS WHEREOF, Maker and Holder have executed this Amendment as of the date first above written.

 

 

TWINLAB CONSOLIDATED HOLDINGS, INC.

 

 

	
			By:

				
			/s/Anthony Zolezzi     

				
			Date:

				
			7/8/2019 

			
	 	
			Anthony Zolezzi

				 	 
	 	
			Chief Executive Officer

				 	 

 

 

GREAT HARBOR CAPITAL, LLC

 

 

	
			By:

				
			/s/David Van Andel     

				
			Date:

				
			7/8/2019 

			
	 	
			David Van Andel

				 	 
	 	
			President

				 	 

 

 

Amendment No. 1 to Secured Promissory Note ($5,000,000 – Great Harbor)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00299-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00299-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00299-of-00352.parquet"}]]