Document:

Exhibit 10.95

 

SURRENDER AGREEMENT

 

This SURRENDER AGREEMENT (this “Agreement”)
dated as of October 5, 2015, by and between Twinlab Consolidated Holdings, Inc., a Nevada corporation (“Company”),
and Thomas A. Tolworthy (“Transferor”).

 

WITNESSETH:

 

WHEREAS, the
Company and Golisano Holdings LLC (“GHL”) are parties to a Securities Purchase Agreement dated October 2, 2015
(the "GHL Purchase Agreement") pursuant to which the Company shall issue and sell to GHL 88,711,241 shares
of the Company’s common stock, par value $.001 per share (the “Common Stock”), for a purchase price of
$25,000,000;

 

WHEREAS, the
Company and Great Harbor Capital, LLC (“Great Harbor”) are parties to a Stock Purchase Agreement (the "Great
Harbor Purchase Agreement") pursuant to which the Company shall issue and sell to Great Harbor 41,379,310 shares of the
Common Stock for a purchase price of $12,000,000;

 

WHEREAS, Transferor
is the holder of 108,777,855 shares of Common Stock of which 43,213,825 shares are subject to a Surrender Agreement between the
Transferor and the Company, dated September 3, 2014 (the “Original Surrender Agreement”);

 

WHEREAS, it
is a condition to the consummation of the transactions contemplated by the GHL Purchase Agreement that immediately prior to the
consummation of the transactions contemplated thereby and the transactions contemplated by the Great Harbor Purchase Agreement
that the Transferor contributes, transfers, assigns, conveys and delivers to the Company, and the Company accepts and acquires
from Transferor, 60,470,957 shares of Common Stock pursuant to the terms of this Agreement; and

 

WHEREAS, in
order to induce GHL to purchase the shares provided for by the GHL Purchase Agreement, the Transferor desires to surrender 60,470,957
shares of Common Stock held by him pursuant to the terms and conditions of this Agreement.

 

NOW, THEREFORE,
in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

 

1.           Surrender
of Common Stock.

 

(a)          In
consideration of one dollar ($1.00), the receipt and sufficiency of which are hereby acknowledged by Transferor, concurrently with
the closing of the transactions contemplated by the GHL Purchase Agreement, Transferor hereby irrevocably agrees to contribute,
transfer, assign, convey and deliver 60,470,957 shares of Common Stock (the “Surrendered Shares”), free and
clear of any mortgage, pledge, lien, encumbrance, charge, security, security interest or other claim against title; it being agreed
that of that total (i) 33,906,927 Surrendered Shares shall be surrendered pursuant to the Original Surrender Agreement, (ii) 26,564,030
Surrendered Shares shall be surrendered pursuant solely to this Agreement and not from shares subject to the Original Surrender
Agreement, and (iii) 9,306,898 shares held by Transferor shall remain subject to surrender to the Company pursuant to the Original
Surrender Agreement. As a result of such surrender and transfer, the parties hereto agree and affirm that Transferor shall have
absolutely and irrevocably released any and all of his interests in all of the Surrendered Shares. Concurrently with the execution
of this Agreement, the Transferor is delivering to the Company stock certificates which represent the Surrendered Shares and will
execute a stock power if requested by the Company.

 

     

     

    

 

(b)          The
Company agrees that the Surrendered Shares shall be used to issue shares of Common Stock to GHL and Great Harbor pursuant to the
terms of the GHL Purchase Agreement and the Great Harbor Purchase Agreement, respectively.

 

2.           Acknowledgements,
Representations, Warranties and Agreement of Transferor. In connection with the execution of this Agreement and in order to
induce GHL and Great Harbor to consummate the transactions described above, Transferor hereby represents, warrants and agrees that
Transferor has good and marketable title to the Surrendered Shares, free and clear of any mortgage, pledge, lien, encumbrance,
charge, security, security interest or other claim against title, other than general restrictions under federal and state securities
laws.

 

3.           Covenant
of Transferor. From and after the date of this Agreement, Transferor shall execute and deliver (or cause to be executed and
delivered) such further instruments of conveyance and transfer and take such additional action as the Company may reasonably request
to effect, consummate, confirm or evidence the contribution to the Company of the Surrendered Shares. Transferor hereby agrees
to indemnify and hold harmless the Company from any losses or damage, fees, costs or expenses that may be incurred by the Company
due to a breach of this Agreement by Transferor.

 

4.           Miscellaneous.

 

(a)          Amendment.
Neither this Agreement nor any provision hereof may be changed, waived, discharged or terminated orally or by course of dealing,
but only by a statement in writing signed by the party against which enforcement of the change, waiver, discharge or termination
is sought.

 

(b)          Notices.
All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed
to have been given (a) when delivered by hand; (b) on the first business day following date sent if sent by a nationally recognized
overnight courier (receipt requested); (c) on the date sent (if such date is a business day at the recipient’s address, otherwise
on the next business day at the recipient’s address) by facsimile or e-mail of a PDF document (with confirmation of receipt
by recipient); in each case a party’s refusal or willful avoidance of delivery shall be deemed to constitute delivery. Such
communications must be sent to the respective parties at the following addresses (or at such other address for a party as shall
be specified in a notice given in accordance with this Section 4(b)):

 

    	 	2	 

     

    

 

	If to the Company:	Twinlab Consolidated Holdings, Inc.
	 	632 Broadway, Suite 201
	 	New York, NY 10012
	 	Facsimile: (212) 505-5413
	 	E-mail: rneuwirth@twinlab.com
	 	Attention: General Counsel
	 	 
	To Transferor:	Mr. Thomas Tolworthy
	 	4 Avenue at Port Imperial 
	 	Apt. 4205
	 	West New York, NJ 07093
	 	Facsimile: (212) 505-5413
	 	E-mail: ttolworthy@twinlab.com

 

(c)          Parties
in Interest. All the terms and provisions of this Agreement shall be binding upon and inure to the benefit of and be enforceable
by the respective successors and assigns of the parties hereto, whether so expressed or not. GHL is made an express third party
beneficiary of this Agreement and it may not be amended or modified without GHL’s prior written consent.

 

(d)          Headings.
The headings of the sections and paragraphs of this Agreement have been inserted for convenience of reference only and do not constitute
a part of this Agreement.

 

(e)          Choice
of Law. It is the intention of the parties that the internal laws, and not the laws of conflicts, of the State of New York
should govern the enforceability and validity of this Agreement, the construction of its terms and the interpretation of the rights
and duties of the parties hereto.

 

(f)          Counterparts.
This Agreement and any amendments hereto may be signed in counterparts and, to the extent signed and delivered by means of a facsimile
machine or by .pdf, .tif, .gif, .jpeg or similar attachment to electronic mail, shall be treated in all manner and respects as
an original contract and shall be considered to have the same binding legal effects as if it were the original signed version thereof
delivered in person.

 

(g)          Entire
Agreement. This Agreement constitutes the entire agreement between the Company and Transferor with respect to the subject matter
hereof and supersedes all prior agreements and understandings related to such subject matter.

 

[The Remainder of
this Page Intentionally Left Blank]

 

    	 	3	 

     

    

 

IN WITNESS WHEREOF, Transferor and
the Company have executed this Agreement as of the date first written above.

 

	 	COMPANY:
	 	 
	 	Twinlab Consolidated Holdings, Inc.
	 	 
	 	By:	/s/ Richard H. Neuwirth
	 	 	Name:  Richard H. Neuwirth
	 	 	Title:    Chief Legal Officer & Secretary
	 	 	 
	 	TRANSFEROR:
	 	 
	 	THOMAS A. TOLWORTHY
	 	 	 
	 	By:	/s/ Thomas A. Tolworthy

 

[Signature Page to Subscription and Surrender
Agreement]Exhibit 10.96

 

AMENDMENT NO. 7 AND JOINDER AGREEMENT

TO CREDIT AND SECURITY AGREEMENT 

 

THIS
AMENDMENT NO. 7 AND JOINDER AGREEMENT TO CREDIT AND SECURITY AGREEMENT (this “Amendment”) is made as of
this 5th day of October, 2015, by and among TWINLAB CONSOLIDATED HOLDINGS, INC., a Nevada corporation (“TCHI”),
TWINLAB CONSOLIDATION CORPORATION, a Delaware corporation (“TCC”), TWINLAB HOLDINGS, INC., a Michigan
corporation, ISI BRANDS INC., a Michigan corporation, TWINLAB CORPORATION, a Delaware corporation (“Twinlab
Corporation”), NUTRASCIENCE LABS, INC., a Delaware corporation (formerly known as TCC CM Subco I, Inc.), and NUTRASCIENCE
LABS IP CORPORATION, a Delaware corporation (formerly known as TCC CM Subco II, Inc.) (each
of the foregoing Persons being referred to herein individually as a “Existing Borrower”, and collectively
as “Existing Borrowers”), 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 (each of the foregoing Persons being referred to herein individually as a “New Borrower”, and
collectively as “New Borrowers”; and together with Existing Borrowers and each Subsidiary joining the
Credit Agreement as hereinafter defined as a Borrower, individually, each a “Borrower” and collectively, “Borrowers”),
and MIDCAP FUNDING X TRUST, a Delaware statutory trust, as successor-by-assignment from MidCap Financial Trust (as Agent
for Lenders, “Agent”, and individually, as a Lender), and the other financial institutions or other entities
from time to time parties to the Credit Agreement referenced below, each as a Lender.

 

RECITALS

 

A.           Existing
Borrowers, Agent and Lenders are parties to that certain Credit and Security Agreement dated as of January 22, 2015 by and among
Borrowers, Agent and Lenders (as amended by that certain Amendment No. 1 to Credit and Security Agreement and Limited Consent dated
as of February 4, 2015, by that certain Amendment No. 2 to Credit and Security Agreement dated as of April 7, 2015, by that certain
Amendment No. 3 to Credit and Security Agreement and Limited Consent dated as of April 30, 2015, by that certain Amendment No.
4 to Credit and Security Agreement and Limited Consent dated as of June 30, 2015, by that certain Amendment No. 5 to Credit and
Security Agreement and Limited Waiver dated as of June 30, 2015, by that certain Amendment No. 6 to Credit and Security Agreement,
Limited Consent and Limited Waiver dated as of September 9, 2015 , as amended hereby and as it may be further amended, modified
and restated from time to time, the “Credit Agreement”).  Capitalized terms used but not otherwise
defined in this Amendment shall have the meanings set forth in the Credit Agreement.

 

     

     

    

 

B.           Pursuant
to Section 4.11(c) of the Credit Agreement, the Existing Borrowers are required to cause New Borrowers to join the Credit Agreement
each as a “Borrower”, and subject to and in accordance with the terms and conditions of this Amendment and the applicable
requirements of the Credit Agreement, Borrowers, Agent and Lenders are willing to enter into this Amendment to join each New Borrower
as a “Borrower” under the Credit Agreement and the other Financing Documents.

 

C.           Borrowers,
Agent and Lenders have agreed to amend the Credit Agreement as set forth herein.

 

AGREEMENT

 

NOW, THEREFORE,
in consideration of the foregoing, the terms and conditions set forth in this Amendment, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, Agent, Lenders and Borrowers hereby agree as follows:

 

1.           Recitals.  
This Amendment shall constitute a Financing Document and the Recitals set forth above shall be construed as part of this Amendment
as if set forth fully in the body of this Amendment.

 

2.           Joinder.  Subject
to the satisfaction of the conditions precedent set forth in Section 8 hereof:

 

(a)          Each
New Borrower hereby joins in, assumes, adopts and becomes a “Borrower” under the Credit Agreement and with respect
to all Loans and Obligations made and incurred pursuant thereto.  Each New Borrower hereby becomes a party to the Credit
Agreement, the Notes and the other Financing Documents applicable to it as a “Borrower” and all references to “Borrower”
or “Borrowers” contained in the Financing Documents are hereby deemed for all purposes to also refer to and include
such New Borrower, and such New Borrower hereby agrees to comply with all of the terms and conditions of the Financing Documents
as if New Borrower was an original signatory thereto.

 

(b)          Without
limiting the generality of the provisions of subparagraph (a) above, each New Borrower is thereby jointly and severally liable,
along with all other Borrowers, for all existing and future Loans and other Obligations incurred at any time by any one or more
Borrowers under the Financing Documents.

 

(c)          Notwithstanding
anything to the contrary set forth herein, each Borrower acknowledges and agrees that, as of the date hereof, Agent has not completed
its due diligence of New Borrowers, and therefore, the Accounts of New Borrowers shall not be deemed to be Eligible Accounts, and
consequently, such Accounts shall not be included in the Borrowing Base unless and until Agent has determined, in its sole and
absolute discretion, to include New Borrower’s Accounts, or a portion thereof, in the Borrowing Base as Eligible Accounts;
provided, however, that notwithstanding Section 2.1(b)(ii)(B) of the Credit Agreement, in the event that Lender allows the New
Borrower's Accounts to be included in the Borrowing Base, advances funds to the Borrowers based on such allowance and then deems
such Accounts of the New Borrower to not be Eligible Accounts, the Borrowers shall have five (5) Business Days to pay the amount
that the Revolving Loan Outstandings exceed the Revolving Loan Limit as a result of the Agent deeming such Accounts of the New
Borrower to not be Eligible Accounts.  

 

     

     

    

 

3.           Amendment
to Credit Agreement.  

 

(a)          The
definition of “Seventh Amendment Closing Date” is hereby added to Section 1.01 in its alphabetical order:

 

“Seventh
Amendment Closing Date” means October 5, 2015.

 

(b)          Section
2.2(f) of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

Deferred
Revolving Loan Origination Fee.  If Lenders’ funding obligations in respect of the Revolving Loan Commitment
under this Agreement terminate for any reason (whether by voluntary termination by Borrowers, by reason of the occurrence of an
Event of Default or otherwise) prior to the Commitment Expiry Date, Borrowers shall pay to Agent, for the benefit of all Lenders
committed to make Revolving Loans on the Closing Date, a fee as compensation for the costs of such Lenders being prepared to make
funds available to Borrowers under this Agreement, equal to an amount determined by multiplying the Revolving Loan Commitment by
the following applicable percentage amount: 3.0% for the first and second year following the Closing Date and 2.0% thereafter.
All fees payable pursuant to this paragraph shall be deemed fully earned and non-refundable as of the Closing Date.

 

(c)          Section
6.2 of the Credit Agreement is hereby amended and restated in its entirety, effective as of September 30, 2015, as follows:

 

Minimum
Adjusted EBITDA.  Commencing with the month ending October 31, 2015 and until such time as all Obligations are paid,
satisfied and discharged in full, the Borrowers shall not, as of the end of any measurement period set forth below, permit the
Adjusted EBITDA for such measurement period to be less than the amount set forth in the table below opposite such measurement period.

  

	Measurement
    Period	Minimum
    Adjusted EBITDA
	October
    1, 2015 to December 31, 2015	$
    -2,500,000
	October
    1, 2015 to March 31, 2016	$
    -1,750,000

 

(d)          Section
6.3 of the Credit Agreement is hereby amended and restated in its entirety, effective as of September 30, 2015, as follows:

 

     

     

    

 

Fixed
Charge Coverage Ratio.  Commencing June 30, 2016 and until such time as all Obligations are paid, satisfied and discharged
in full, the Borrowers shall not, as of the end of any month, permit the Fixed Charge Coverage Ratio for the period of trailing
twelve months most recently ended on or prior to such date to be less than 1.15x.  Notwithstanding the foregoing, it
is hereby agreed that (i) the applicable measurement period for the month ending June 30, 2016 shall be from April 1, 2015 to June
30, 2016 (trailing three Months or T3M), (ii) the applicable measurement period for the month ending July 31, 2016 will be T4M,
(iii) the applicable measurement period for the month ending August 31, 2016 will be T5M, and (iv) the applicable measurement periods
shall so continue until T12M is achieved.

 

(e)          Section
6.4 of the Credit Agreement is hereby amended and restated in its entirety, effective as of September 30, 2015, as follows:

 

Total
Funded Debt to Adjusted EBITDA Ratio.  Commencing with the fiscal quarter ending September 30, 2016 and until such
time as all Obligations are paid, satisfied and discharged in full, the Companies shall not, as of the end of any fiscal quarter,
permit the applicable ratio set forth in the table below to exceed the amount set forth therein:

 

	Applicable Ratio:	(A) Total Funded Debt (calculated without giving effect to any Indebtedness that is subordinate both to the Obligations and to the Penta Debt) to (B) Adjusted EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date to exceed 4.0x 

 

For the
purposes of this Section 6.4, Adjusted EBITDA (1) for the measurement period ending on September 30, 2016, shall equal the Adjusted
EBITDA for the fiscal quarter ending September 30, 2016 multiplied by 4, (2) for the measurement period ending on December 31,
2016, shall equal the sum of Adjusted EBITDA for the fiscal quarters ending September 30, 2016 and December 31, 2016, multiplied
by 2 and (3) for the measurement period ending on March 31, 2017, shall equal the sum of the Adjusted EBITDA for the fiscal quarters
ending September 30, 2016, December 31, 2016 and March 31, 2017, multiplied by 4 and divided by 3.

 

4.           Confirmation
of Representations and Warranties; Reaffirmation of Security Interest.  Each Existing Borrower hereby (a) confirms
that all of the representations and warranties set forth in the Credit Agreement are true and correct with respect to such Borrower
as of the date hereof, and (b) covenants to perform its respective obligations under the Credit Agreement.  Each
Existing Borrower confirms and agrees that all security interests and Liens granted to Agent continue in full force and effect,
and all Collateral remains free and clear of any Liens, other than those granted to Agent and Permitted Liens.  Nothing
herein is intended to impair or limit the validity, priority or extent of Agent’s security interests in and Liens on the
Collateral.  

 

     

     

    

 

5.           Enforceability.  This
Amendment constitutes the legal, valid and binding obligation of each Borrower, and is enforceable against each Borrowers in accordance
with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or other similar laws relating to
the enforcement of creditors’ rights generally and by general equitable principles.

 

6.           Costs
and Fees. In consideration of Agent’s agreement to enter into this Amendment, Borrower shall pay to Agent a modification
fee equal to One Hundred Fifty Thousand and No/100 Dollars ($150,000.00) due and payable on the date hereof.  Furthermore,
Borrowers shall be responsible for the payment of all reasonable costs and fees of Agent’s counsel incurred in connection
with the preparation of this Amendment and any related documents.  If Agent or any Lender uses in-house counsel for any
of these purposes, Borrowers further agree that the Obligations include reasonable charges for such work commensurate with the
fees that would otherwise be charged by outside legal counsel selected by Agent or such Lender for the work performed.  Borrowers
hereby authorize Agent to deduct all of such fees set forth in this Section 6 from the proceeds of one or more Revolving Loans
made under the Credit Agreement.

  

7.           Representations
and Warranties; Covenants; Grant of Security Interest.

 

      (a)          Each
New Borrower hereby (a) confirms that all of the representations and warranties set forth in the Credit Agreement are true and
correct with respect to such New Borrower as of the date hereof subject to the New Borrowers providing updated Schedules to the
Credit Agreement under Section 9 below, and (b) covenants to perform its respective obligations under the Credit Agreement.  

 

      (b)          Consistent
with the intent of the parties and in consideration of the accommodations set forth herein, in addition to the grant of security
set forth in Section 9.1 of the Credit Agreement and as further security for the prompt payment in full of all Obligations, and
without limiting any other grant of a Lien and security interest in any Security Document, each New Borrower hereby assigns and
grants to Agent, for the benefit of itself and Lenders, a continuing first priority Lien on and security interest in, upon, and
to the now owned and hereafter acquired Collateral set forth on Exhibit A attached hereto and made a part hereof in which such
New Borrower has rights.  Agent agrees that its Liens on the New Borrowers’ titled motor vehicles need not be perfected
unless the Agent so requests after the Effective Date.  Each New Borrower hereby authorizes Agent to file UCC-1 financing
statements against such New Borrower covering the Collateral owned by such New Borrower in such jurisdictions as Agent shall deem
necessary, prudent or desirable to perfect and protect the liens and security interests granted to Agent hereunder.

 

      (c)          To
the extent a New Borrower is authorized to file such statements, each of the New Borrowers hereby designates and authorizes Agent
to file any and all Uniform Commercial Code Amendment Statements terminating the financing statements of record with the applicable
filing office with any of the New Borrowers as debtor and Penta Mezzanine SBIC Fund I, LP or Siena Funding LLC, successor by assignment
to Siena Lending Group LLC as secured party.

 

     

     

    

 

8.           Conditions
to Effectiveness.  This Amendment shall become effective as of the date on which each of the following conditions
has been satisfied (the “Effective Date”):

 

      (a)          Borrowers
shall have delivered to Agent this Amendment and an Amended and Restated Revolving Loan Note, duly executed by an authorized officer
of each Borrower;

 

      (b)          [Reserved];

 

      (c)          all
representations and warranties of Borrowers contained herein shall be true and correct in all material respects as of the Effective
Date (and such parties’ delivery of their respective signatures hereto shall be deemed to be its certification thereof);

 

      (d)          the
Sole Manager of Organic Holdings LLC ("Organic") shall have delivered to Agent a duly executed certificate identifying
the manager of Organic  who is duly authorized to execute and deliver this Amendment on behalf of itself and the other
New Borrowers and any related documents, together with resolutions of the Sole Manager of Organic  authorizing the transactions
contemplated by this Amendment on behalf of itself and the other New Borrowers; and

 

      (e)          Agent
shall have received from Borrowers of all of the fees owing pursuant to this Amendment and Agent’s reasonable out-of-pocket
legal fees and expenses.

 

9.           Post-Seventh
Amendment Closing Requirements.  Borrowers shall complete each of the post-closing obligations and/or provide
to Agent each of the documents, instruments, agreements and information listed on Schedule 7.4(B) attached hereto on or before
the date set forth for each such item thereon, each of which shall be completed or provided in form and substance satisfactory
to Agent.

 

10.         Release.  Each
Borrower, voluntarily, knowingly, unconditionally and irrevocably, with specific and express intent, for and on behalf of itself
and all of its respective parents, subsidiaries, affiliates, members, managers, predecessors, successors, and assigns, and each
of their respective current and former directors, officers, shareholders, agents, and employees (collectively, “Releasing
Parties”), does hereby fully and completely release, acquit and forever discharge each Indemnitee of and from any and
all actions, causes of action, suits, debts, disputes, damages, claims, obligations, liabilities, costs, expenses and demands of
any kind whatsoever, at law or in equity, whether matured or unmatured, liquidated or unliquidated, vested or contingent, choate
or inchoate, known or unknown that the Releasing Parties (or any of them) has against the Indemnitees (or any of them) that directly
or indirectly arise out of, are based upon or are in any manner connected with any Prior Related Event.  “Prior
Related Event” means any transaction, event, circumstance, action, failure to act, occurrence of any type or sort, whether
known or unknown, which occurred, existed, was taken, was permitted or begun in accordance with, pursuant to or by virtue of (a) any
of the terms of this Amendment or any other Financing Document, (b) any actions, transactions, matters or circumstances related
hereto or thereto, (c) the conduct of the relationship between any Indemnitee and any Borrower, or (d) any other actions
or inactions by any Indemnitee, all on or prior to the Effective Date.  Each Borrower acknowledges that the foregoing
release is a material inducement to Agent’s and Lender’s decision to enter into this Amendment and to agree to the
modifications contemplated hereunder.

 

     

     

    

 

11.         No
Waiver or Novation.  The execution, delivery and effectiveness of this Amendment shall not, except as expressly
provided in this Amendment, operate as a waiver of any right, power or remedy of Agent, nor constitute a waiver of any provision
of the Credit Agreement, the Financing Documents or any other documents, instruments and agreements executed or delivered in connection
with any of the foregoing.  Nothing herein is intended or shall be construed as a waiver of any existing Defaults or
Events of Default under the Credit Agreement or other Financing Documents or any of Agent’s rights and remedies in respect
of such Defaults or Events of Default.  This Amendment (together with any other document executed in connection herewith)
is not intended to be, nor shall it be construed as, a novation of the Credit Agreement.

 

12.         Affirmation.  Except
as specifically amended pursuant to the terms hereof, the Credit Agreement and all other Financing Documents (and all covenants,
terms, conditions and agreements therein) shall remain in full force and effect, and are hereby ratified and confirmed in all respects
by Borrowers.  Each Borrower covenants and agrees to comply with all of the terms, covenants and conditions of the Credit
Agreement (as amended hereby) and the Financing Documents, notwithstanding any prior course of conduct, waivers, releases or other
actions or inactions on Agent’s or any Lender’s part which might otherwise constitute or be construed as a waiver of
or amendment to such terms, covenants and conditions.

 

13.         Miscellaneous.

 

      (a)          Reference
to the Effect on the Credit Agreement.  Upon the effectiveness of this Amendment, each reference in the Credit
Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of similar
import shall mean and be a reference to the Credit Agreement, as amended by this Amendment.  Except as specifically amended
above, the Credit Agreement, and all other Financing Documents (and all covenants, terms, conditions and agreements therein), shall
remain in full force and effect, and are hereby ratified and confirmed in all respects by Borrowers.  

 

      (b)          Incorporation
of Credit Agreement Provisions.  The provisions contained in Section 11.6 (Indemnification), Section 12.8 (Governing
Law; Submission to Jurisdiction) and Section 12.9 (Waiver of Jury Trial) of the Credit Agreement are incorporated herein by reference
to the same extent as if reproduced herein in their entirety.

 

      (c)          Headings.  Section
headings in this Amendment are included for convenience of reference only and shall not constitute a part of this Amendment for
any other purpose.

 

      (d)          Counterparts.  This
Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument.  Signatures by facsimile or by electronic mail delivery of an electronic
version (e.g., .pdf or .tif file) of an executed signature page shall be treated as delivery of an original and shall bind
the parties hereto. This Amendment constitutes the entire agreement and understanding among the parties hereto and supersede any
and all prior agreements and understandings, oral or written, relating to the subject matter hereof.

 

     

     

    

 

[SIGNATURES APPEAR ON FOLLOWING PAGES]

 

     

     

    

 

(Signature Page to Amendment No. 7
and Joinder Agreement to Credit and Security Agreement)

 

IN WITNESS WHEREOF,
intending to be legally bound, and intending that this document constitute an agreement executed under seal, the undersigned have
executed this Amendment under seal as of the day and year first hereinabove set forth.

 

	AGENT:	MIDCAP FUNDING X TRUST, a Delaware statutory trust, as successor-by-assignment from MidCap Financial Trust
	 	 	 
	 	By:	Apollo Capital Management, L.P.,
	 	 	its investment manager
	 	 	 
	 	By:	Apollo Capital Management GP, LLC,
	 	its general partner

 

	 	By: 	/s/ Maurice Amsellem	(SEAL)
	 	Name:  Maurice Amsellem
	 	Title:   Authorized Signatory

 

	LENDER:	MIDCAP FUNDING X TRUST, a Delaware

statutory trust, as successor-by-assignment from

MidCap Financial Trust
	 	 	 
	 	By:	Apollo Capital Management, L.P.,
	 	 	its investment manager
	 	 	 
	 	By:	Apollo Capital Management GP, LLC,
	 	its general partner

 

	 	By: 	/s/ Maurice Amsellem	(SEAL)
	 	Name:  Maurice Amsellem
	 	Title:   Authorized Signatory

 

     

     

    

 

(Signature Page to Amendment No. 7
and Joinder Agreement to Credit and Security Agreement)

   

 

	EXISTING BORROWERS:	TWINLAB CONSOLIDATION CORPORATION
	 	 
	 	By: 	/s/ Thomas A. Tolworthy	(Seal)
	 	Name: Thomas A. Tolworthy
	 	Title:   Chief Executive Officer and President 

 

	TWINLAB CONSOLIDATED HOLDINGS, INC.	 	TWINLAB HOLDINGS, INC.
	 	 	 
	By: 	/s/ Thomas A. Tolworthy	(Seal)	 	By:	/s/ Thomas A. Tolworthy	(Seal)
	Name:  Thomas A. Tolworthy	 	Name:  Thomas A. Tolworthy
	Title:  Chief Executive Officer and President 	 	Title:  Chief Executive Officer and President 
	 	 	 
	TWINLAB CORPORATION	 	ISI BRANDS INC.
	 	 	 
	By: 	/s/ Thomas A. Tolworthy	(Seal)	 	By: 	/s/ Thomas A. Tolworthy	(Seal)
	Name:  Thomas A. Tolworthy	 	Name:  Thomas A. Tolworthy
	Title:  Chief Executive Officer and President 	 	Title:  Chief Executive Officer and President 
	 	 	 
	NUTRASCIENCE LABS, INC.	 	NUTRASCIENCE LABS IP CORPORATION
	 	 	 
	By: 	/s/ Thomas A. Tolworthy	(Seal)	 	By: 	/s/ Thomas A. Tolworthy	(Seal)
	Name:  Thomas A. Tolworthy	 	Name:  Thomas A. Tolworthy
	Title:  Chief Executive Officer and President 	 	Title:  Chief Executive Officer and President 

 

     

     

    

 

 

(Signature Page to Amendment No. 7
and Joinder Agreement to Credit and Security Agreement)

 

	NEW BORROWERS:	 	 
	 	 	 
	ORGANIC HOLDINGS LLC	 	RESERVE LIFE ORGANICS, LLC 
	 	 	 
	By: 	/s/ Thomas A. Tolworthy	(Seal)	 	By ORGANIC HOLDINGS LLC,
	Name: Thomas A. Tolworthy	 	its sole Member
	Title:  Sole Manager	 	 
	 	 	By: 	/s/ Thomas A. Tolworthy	(Seal)
	 	 	Name: Thomas A. Tolworthy
	 	 	Title:  Sole Manager
	 	 	 
	RESVITALE, LLC	 	RE-BODY, LLC 
	 	 	 
	By ORGANIC HOLDINGS LLC,	 	By ORGANIC HOLDINGS LLC,
	its sole Member	 	its sole Member
	 	 	 
	By: 	/s/ Thomas A. Tolworthy	(Seal)	 	By: 	/s/ Thomas A. Tolworthy	(Seal)
	Name: Thomas A. Tolworthy	 	Name: Thomas A. Tolworthy
	Title:  Sole Manager	 	Title:  Sole Manager
	 	 	 
	INNOVITAMIN ORGANICS, LLC	 	ORGANICS MANAGEMENT LLC
	 	 	By ORGANIC HOLDINGS LLC,
	By ORGANIC HOLDINGS LLC,	 	its sole Member
	its sole Member	 	 
	 	 	By: 	/s/ Thomas A. Tolworthy	(Seal)
	By: 	/s/ Thomas A. Tolworthy	(Seal)	 	Name: Thomas A. Tolworthy
	Name: Thomas A. Tolworthy	 	Title:  Sole Manager
	Title:  Sole Manager	 	 
	 	 	 
	COCOAWELL, LLC	 	FEMBODY, LLC
	 	 	 
	By ORGANIC HOLDINGS LLC,	 	By ORGANIC HOLDINGS LLC,
	its sole Member	 	its sole Member
	 	 	 
	By: 	/s/ Thomas A. Tolworthy	(Seal)	 	By: 	/s/ Thomas A. Tolworthy	(Seal)
	Name: Thomas A. Tolworthy	 	Name: Thomas A. Tolworthy
	Title:  Sole Manager	 	Title:  Sole Manager

 

     

     

    

 

(Signature Page to Amendment No. 7
and Joinder Agreement to Credit and Security Agreement)

 

	RESERVE LIFE NUTRITION, L.L.C.	 	INNOVITA SPECIALTY DISTRIBUTION, LLC
	 	 	 
	By ORGANIC HOLDINGS LLC,	 	By ORGANIC HOLDINGS LLC,
	its sole Member	 	its sole Member
	 	 	 
	By: 	/s/ Thomas A. Tolworthy	(Seal)	 	By: 	/s/ Thomas A. Tolworthy	(Seal)
	Name: Thomas A. Tolworthy	 	Name: Thomas A. Tolworthy
	Title:  Sole Manager	 	Title:  Sole Manager
	 	 	 
	JOIE ESSANCE, LLC	 	 
	By ORGANIC HOLDINGS LLC,	 	 
	its sole Member	 	 
	 	 	 
	By: 	/s/ Thomas A. Tolworthy	(Seal)	 	 
	Name: Thomas A. Tolworthy	 	 
	Title:  Sole Manager	 	 

 

     

     

    

 

Exhibit A – Collateral

 

The Collateral consists
of all of New Borrower’s assets, including without limitation, all of New Borrower’s right, title and interest in and
to the following, whether now owned or hereafter created, acquired or arising:

 

		(a)	all goods, Accounts (including health-care insurance receivables), equipment (as defined in the
UCC), Inventory, contract rights or rights to payment of money, leases, license agreements, franchise agreements, General Intangibles,
commercial tort claims (as defined in the UCC), documents(as defined in the UCC), instruments (as defined in the UCC, including
any promissory notes), chattel paper (as defined in the UCC, whether tangible or electronic), cash, money, deposit accounts(as
defined in the UCC), securities accounts (as defined in the UCC), fixtures (as defined in the UCC), letter of credit rights (as
defined in the UCC), letters of credit (as defined in the UCC, whether or not the letter of credit is evidenced by a writing),
securities (as defined in the UCC), and all other investment property(as defined in the UCC), supporting obligations (as defined
in the UCC), and financial assets (as defined in the UCC), whether now owned or hereafter acquired, wherever located;

 

		(b)	all of New Borrower’s books and records evidencing or relating to any of the foregoing; and

 

		(c)	any and rights, remedies, Guarantees, and security interests in respect of the foregoing, all rights
of enforcement and collection, and all rights under the Financing Documents in respect of the foregoing, all information and data
compiled or derived by New Borrower or to which New Borrower is entitled in respect of or related to the foregoing, and any and
all claims, rights and interests in any of the above and all substitutions for, additions, attachments, accessories, accessions
and improvements to and replacements, products, proceeds and insurance proceeds of any or all of the foregoing.

 

     

     

    

 

Schedule 7.4 (B) – Post Closing
Requirements to Seventh Amendment Closing Date

 

Borrowers shall satisfy
and complete each of the following obligations, or provide Agent each of the items listed below, as applicable, on or before the
date indicated below, all to the satisfaction of Agent in its sole and absolute discretion:

 

		1.	As soon as possible, but in any case within five (5) Business Days of the Seventh Amendment Closing Date, Borrowers
shall deliver or cause to be delivered to Agent:

 

		a.	updated Schedules to the Credit Agreement having been revised and updated to reflect the joinder of the New Borrowers each
as a “Borrower” under the Financing Documents and shall be deemed to be given as of the Seventh Amendment Closing Date
and replace the corresponding schedules to the Credit Agreement;

 

		b.	one or more fully completed and duly executed IRS Tax Form 8821 relating to each New Borrower in form and substance acceptable
for filing with the IRS;

 

		c.	one or more Pledge Agreements with respect to all of the issued and outstanding equity interests of all New Borrowers in form
and substance satisfactory to Agent in its sole and absolute discretion, including the delivery of any certificated equity interests
along with instruments of transfer issued in blank;

 

		d.	one or more Grants of Security Interest in Patent and Trademarks with respect to all of the registered intellectual property
of New Borrowers in form and substance satisfactory to Agent in its sole and absolute discretion;

 

		e.	an amended and restated Certificate of Validity executed by an executive officer or the manager (as the case may be) of the
Borrowers in form and substance satisfactory to Agent in its sole and absolute discretion;

 

		f.	complete and accurate copies of each Material Contract with respect to the New Borrowers including any amendments, supplements,
restatements or modifications thereto;

 

		g.	a complete and accurate updated information certificate with respect to the Borrowers, in form and substance acceptable to
Agent; and

 

		h.	the legal opinion of Varnum LLP covering the New Borrowers and the Amendment No. 7 and Joinder Agreement to the Credit and
Security Agreement and such other matters deemed advisable by Agent in its sole discretion, in form and substance acceptable to
Agent and its counsel.

 

     

     

    

 

		2.	As soon as possible, but in any case within ten (10) days of the Seventh Amendment Closing Date, Borrowers shall
deliver or cause to be delivered to Agent:

 

		a.	evidence of the filed termination statements with respect to financing statements filed with the Delaware Secretary of State
with the New Borrowers as debtors and Penta Mezzanine SBIC Fund I, LP or Siena Funding LLC, successor by assignment to Siena Lending
Group LLC as secured party; and

 

		b.	evidence of insurance with respect to the New Borrowers, including but not limited to an Additional Insured and Lender’s
Loss Payable endorsements and/or declaration pages acceptable to the Lender, all such insurances to be in compliance with Section
4.4 of the Credit Agreement.

 

		3.	As soon as possible, but in any case within fifteen (15) days of the Seventh Amendment Closing Date:

 

		a.	Borrowers shall deliver or cause to be delivered to Agent a landlord’s agreement, warehouseman’s agreement or other
access agreement from the applicable lessor or warehouseman, in each case in form and substance satisfactory to Agent in its reasonable
discretion for all leased properties of the New Borrowers;

 

		b.	Borrowers shall enter, cause to be entered into and deliver to the same to the Agent, a fully executed Deposit Account Control
Agreement with respect to all a deposit accounts and securities accounts with the financial institutions with which New Borrowers
maintain such accounts.

 

Nothing in this Schedule
7.4(B) shall act or be construed to limit any of the rights and remedies of the Agent and Lenders under this Agreement, including
to withhold Borrowing Base reserves.  The failure of any Borrower or of Parent to complete and satisfy any of the above
obligations on or before the date indicated above, or the failure of any Borrower or of Parent to deliver any of the above listed
items on or before the date indicated above, shall constitute an immediate and automatic Event of Default, unless otherwise waived
or extended by the Agent in its sole discretion.

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