Document:

Income Benefit Rider

          

    

    

    This rider provides guaranteed Income Payments during the Income Period based on the
        Contract Value.

    

    

    The Company has issued this rider as a part of the Entire Contract. If there are any conflicts between this
        rider and the contract or any other riders, the provisions of this rider will prevail.  Defined terms and contractual provisions are set forth in the contract or added in this rider. This rider is effective on the Issue Date, as shown on your
        Income Benefit Rider Contract Schedule.

    

    

    After the Income Benefit Date, we will not accept Additional Purchase Payments.  On and after the Income
        Benefit Date, the Free Withdrawal Privilege is no longer available.

    

    

    	
            Definitions

          

    

    

    The following terms are added to “Definitions” in the Base Contract.

    

    

    Base Contract

    The contract to which this rider is attached.

    

    

    Covered Person(s)

    An individual upon whose age and lifetime we base Income Payments.

    

    

    Eligible Person(s)

    An individual who you can designate to be a Covered Person.

    

    

    Excess
          Withdrawal

    An Excess Withdrawal is the amount of a withdrawal taken on or after the Income Benefit Date that, when added
        to other withdrawals taken during the Income Benefit Year, including the annual actual Income Payment, is greater than the Annual Maximum.  We treat any portion of a withdrawal you take while you are receiving Income Payments that is not an Excess
        Withdrawal as an Income Payment.  An Excess Withdrawal includes any applicable Withdrawal Charge and reduces the values calculated under this contract as a withdrawal.

    

    

    You cannot take a partial Excess Withdrawal if the Contract Value, at the end of the Business
        Day before your withdrawal request, is less than the Minimum Required Value shown on the Contract Schedule. You also cannot take a partial Excess Withdrawal if the Contract Value, at the end of the Business Day that we process your withdrawal
        request, would be less than the Minimum Required Value shown on the Contract Schedule.  In this case, we send you the total Contract Value, Income Payments stop, and this rider and the Base Contract terminate on the Business Day you took the
        withdrawal.

    

    

    Income Benefit Date

    The date you begin Income Payments. After the Income Benefit Date, a contract will continue to be in the Accumulation Phase until the last Business Day before the Annuity Date. The Income Benefit Date must occur on an Index Anniversary.

    

    

    Income Benefit Year

    A period of 12 months. The first Income Benefit Year begins on the Income Benefit Date. Subsequent Income
        Benefit Years begin on the Income Benefit Anniversaries.

    

    

    Income Benefit Anniversary

    A twelve-month anniversary of the Income Benefit Date or any subsequent twelve-month Income Benefit
        Anniversary.

    

    

    Income Payment

    The payment we make to you under this rider.  An Income Payment is treated as a Partial Withdrawal but is not
        subject to a Withdrawal Charge.

    

    

    Income Period

    The period of time beginning on the Income Benefit Date and ending upon the earlier of the last Business Day
        before the Annuity Date or the date this rider terminates.

    
      
        S40901-01-IAI 7                                                                             [Admin Tracking Identifier]

        

        

      

      
        

      

    

    

    

    

    

    	
            Income Payments

          

    

    

    How Income Payments begin

    Following the Index Effective Date, you may begin Income Payments on any Index Anniversary after the Income
        Payment Waiting Period by providing us with an Authorized Request.  The Income Payment Waiting Period is shown on the Income Benefit Rider Contract Schedule. The Age of the Covered Person(s) on the Income Benefit Date must be greater than or equal
        to the Minimum Exercise Age and less than or equal to the Maximum Exercise Age. The Minimum and Maximum Exercise Age are shown on the Income Benefit Rider Contract Schedule.

    

    

    We will make Income Payments according to the Income Payment Option and payment frequency you select. You
        must select an Income Payment Option when you provide us an Authorized Request that you wish to begin Income Payments.  After the Income Benefit Date, you cannot change the Income Payment Option.

    

    

    You may select a monthly, quarterly, semi-annual, or annual payment frequency.  If the specified payment
        frequency results in Income Payments that are less than the Minimum Income Payment, we will make Income Payments annually at the beginning of each Income Benefit Year.  You may change the payment frequency by providing us an Authorized Request
        provided that the Contract Value is greater than zero, and the change will be effective on the next Income Benefit Anniversary.

    

    

    You may take Income Payments in any amount greater than or equal to the Minimum Income Payment up to the
        Annual Maximum each Income Benefit Year before the Annuity Date.  After the initial Income Payment is taken, if you do not want to take Income Payments in a subsequent Income Benefit Year, you may request an Income Payment of zero.  You may change
        the amount of your Income Payments by providing us an Authorized Request, and the change will be effective on the next Income Benefit Anniversary.  The Minimum Income Payment is shown on the Income Benefit Rider Contract Schedule.

    

    

    We will pay Income Payments until the earlier of the last Business Day before the Annuity Date or the date
        this rider terminates.  If the Contract Value is greater than zero but less than the Income Payment, we will add the difference to the Contract Value so that the Contact Value is equal to the Income Payment.  Once the Contract Value is equal to
        zero, we will pay the Annual Maximum each Income Benefit Year according to the payment frequency you previously selected and Income Payments will be treated as Annuity Payments for tax purposes.

    

    

    How we calculate the Annual Maximum

    On the Income Benefit Date, the Annual Maximum is equal to the Lifetime Income Percentage for the Income
        Payment Option you select and multiplied by the Contract Value. On each Income Benefit Anniversary thereafter, we calculate the Annual Maximum based on the Income Payment Option you select and the Contract Value. If your Quarterly Contract
        Anniversary and your Income Benefit Anniversary are not the same, the Contract Charges accrued but not deducted since your last Quarterly Contract Anniversary will not decrease the Contract Value until the next Quarterly Contract Anniversary.  The
        Annual Maximum will never decrease unless you take an Excess Withdrawal.

    

    

    How Excess Withdrawals decrease the Annual Maximum

    If you take an Excess Withdrawal on or after the Income Benefit Date, the Annual Maximum will decrease on the
        next Income Benefit Anniversary after the Excess Withdrawal is taken by the same percentage that the Contract Value decreased as a result of
          the withdrawal.  The portion of the Annual Maximum in each Allocation Option will decrease by the same percentage that the total Annual Maximum decreases.

    

    

    Income Payment Options:

    

    

    Level Income

    On any Income Benefit Anniversary, if the Contract Value increased since the last Income
        Benefit Anniversary (or the Income Benefit Date if this is the first Income Benefit Anniversary) and you took the full Annual Maximum in the previous Income Benefit Year, the Annual Maximum will increase by the same proportion that the Contract
        Value increased.  Otherwise, the Annual Maximum will not increase. The Contract Value used to calculate your Annual Maximum is determined at the end of the Business Day after we deduct any Contract Charges and apply any credits but before we make
        any Income Payments or deduct Excess Withdrawals.

    

    

    If a surviving Spouse continues the contract during the previous Income Benefit Year, we
        increase the Contract Value to equal the Death Benefit available under any attached rider. On the next Income Benefit Anniversary, we will deduct the amount of the increase from the Contract Value when calculating the Annual Maximum.

    
      
        S40901-01-IAI 7                                                                             [Admin Tracking Identifier]

        

        

      

      
        

      

    

    

    

    

    

    	
            Income Payments continued from the previous page

          

    

    

    Increasing Income

    On each Income Benefit Anniversary, before we deduct any Contract Charges, apply credits,
        make any Income Payments, or deduct Excess Withdrawals, we link the Annual Maximum to the proportion of Contract Value, at the end of the Business Day, in each Allocation Option. If the Income Benefit Anniversary does not occur on a Business Day,
        we use the Contract Value from the next Business Day. On each Income Benefit Anniversary, the Annual Maximum may increase. Any portion of the Annual Maximum linked to an Allocation Option with a credit that is applied on the current Income Benefit
        Anniversary for the previous Income Benefit Year will increase by that credit. Otherwise, the Annual Maximum will not increase.

    

    

    If the Contract Value is reallocated, we will continue to link the Annual Maximum to the
        proportion of Contract Value in each Allocation Option after the reallocation. Even if the Contract Value is equal to zero, the Annual Maximum may increase as described above.  Once the Contract Value is equal to zero, you may continue to link the
        Annual Maximum to the proportion of Contract Value in each Allocation Option was last allocated, or you may select new proportions for the Annual Maximum by providing us an Authorized Request.

    

    

    This rider offers single Income Payments and joint Income Payments.  If your contract has only one Eligible
        Person, you must select single Income Payments.  If your contract has two Eligible Persons, you may select either the single Income Payments or the joint Income Payments.

    

    

    If you select single Income Payments, on the Income Benefit Date you designate one Eligible Person to be the
        Covered Person subject to the restrictions in the Eligible Person(s) and Covered Persons(s) provision.  We will pay Income Payments as long as the Covered Person is living and this rider has not terminated.

    

    

    If you select joint Income Payments, on the Income Benefit Date you designate both Eligible Persons to be the
        Covered Persons.  We will pay Income Payments as long as either Covered Person is living and this rider has not terminated.

    

    

    Age of a Covered Person

    The Age of a Covered Person(s) on the Income Benefit Date must be greater than or equal to the Minimum
        Exercise Age and less than or equal to the Maximum Exercise Age shown on the Income Benefit Rider Contract Schedule. We may require proof of the Age of a Covered Person(s).

    

    

    After Income Payments begin, we may periodically require proof that any Covered Person(s) is still living.

    

    

    Eligible Person(s) and Covered Person(s)

    Eligible Persons are determined on the Issue Date based on the contract’s ownership and tax qualification
        status, and are shown on the Income Benefit Rider Contract Schedule.    If an Eligible Person or a Covered Person is no longer an Owner, Joint Owner, Annuitant, or Beneficiary as required below, or upon the death of an Eligible Person or a Covered
        Person, we will remove that person from this rider. If an Eligible Person is removed from this rider, you cannot designate that person to be a Covered Person. If a Covered Person is removed from this rider, that person is no longer a Covered
        Person.

    

    

    If you add or change an Owner or Beneficiary that person will become an Eligible Person if they are the
        current Spouse of an existing Eligible Person and meet the requirements below.  We will calculate the Lifetime Income Percentage based on the Age of the new Eligible Person on the Index Effective Date and Index Anniversaries, if applicable, in
        accordance with the How we Calculate the Lifetime Income Percentage provision.  At any given time there cannot be more than two Eligible Persons.  After the Income Benefit Date, you cannot add, remove, or replace a Covered Person even if you add or
        change an Owner(s), Annuitant(s), or Beneficiary(ies).

    

    

    If you are the sole individual Owner of the contract:

    
      	
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              You are an Eligible Person.

            

    

    
      	
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              If the Owner and sole primary Beneficiary are Spouses, the sole primary Beneficiary is also an
                  Eligible Person.

            

    

    
      	
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              If you select single Income Payments, you must designate the Owner to be the Covered Person.

            

    

    

    

    If the contract is jointly owned:

    
      	
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              Both Owners are Eligible Persons.

            

    

    
      	
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              The Owners must be Spouses.

            

    

    
      	
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              If you select single Income Payments, you may designate either Owner to be the Covered Person.

            

    

    

    

    
      
        S40901-01-IAI 7                                                                             [Admin Tracking Identifier]

        

        

      

      
        

      

    

    

    

    

    

    

    

    	
            Income Payments continued from the previous page

          

    

    

    If the Owner is a non-individual:

    
      	
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              The Annuitant is an Eligible Person.

            

    

    
      	
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              If the contract is qualified under the federal tax code, and the Annuitant and sole contingent
                  Beneficiary are Spouses, the sole contingent Beneficiary is also an Eligible Person.

            

    

    
      	
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              If you select single Income Payments, you must designate the Annuitant to be the Covered Person.

            

    

    
      	
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              If the contract is not qualified under the federal tax code, you may not select joint Income
                  Payments.

            

    

    

    

    How we calculate the Lifetime Income Percentage

    We calculate the Lifetime Income Percentage for single and joint Income Payments, if available, on the Index
        Effective Date based on the Age of the Eligible Person(s) on the Index Effective Date and based on the Age of the Eligible Person(s) on subsequent Index Anniversaries if Additional Purchase Payments are received after the Index Effective Date. On
        the Income Benefit Date, your actual Lifetime Income Percentage is determined by the Income Payment Option you select and whether you select single or joint Income Payments.

    

    

    On each Index Anniversary on and before the Income Benefit Date, we add an Income Percentage Increase to each
        Lifetime Income Percentage once the Eligible Person’s Age, or younger Eligible Person’s Age for joint payments, is equal to or greater than the Annual Increase Age.

    

    

    Additional Purchase Payments received after the Index Effective Date will adjust each
        Lifetime Income Percentage on the next Index Anniversary. The portion of the Lifetime Income Percentage attributable to the Additional Purchase Payments is equal to the Income Percentage for the Eligible Person's attained Age on the next Index
        Anniversary. This is added on that next Index Anniversary to the current Lifetime Income Percentage pro rata of the proportion of the Variable Account Value in the Interim Fund(s) to the total Contract Value.

    

    

    After the Income Benefit Date, the Lifetime Income Percentage will not change.

    

    

    	
            Contract Value

          

    

    

    The following is added to “Contract Value” in the Base Contract.

    

    

    On the Income Benefit Date, Part A Index Option Riders terminate. Any Index Option Values in those Index
        Options will be reallocated to Part B Index Option Riders according to the Authorized Request you provide when you elect to begin Income Payments. Part A Index Option Riders and Part B Index Option Riders are identified on the applicable Index
        Option Contract Schedule(s).

    

    

    

    

    	
            Contract Charges

          

    

    

    The following is added to the “Product Fee” provision under the “Contract Charges” section of the Base
        Contract.

    

    

    The Rider Fee for this rider is shown on the Income Benefit Rider Contract Schedule. The Rider Fee is
        assessed and deducted in the same manner as the Product Fee described in the Base Contract.

    

    

    If this rider terminates before the Income Benefit Date due to the death of an Eligible
        Person or Owner or the Annuitant if the Owner is a non-individual, we refund any Rider Fees accrued and deducted after the date of death.  If this rider terminates after the Income Benefit Date due to the death of a Covered Person or Owner (or
        Annuitant if the Owner is a non-individual), we deduct the final Rider Fee before calculating the Death Benefit.

    

    

    On the date the rider terminates, we deduct any Rider Fee that was accrued but not yet deducted as the final
        Rider Fee.

    

    

    The Rider Fee will terminate on the earliest of:

    
      	
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              the date the Contract Value is equal to zero;

            

    

    
      	
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              the date of Termination of this rider; or

            

    

    
      	
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              the Business Day before the Annuity Date.

            

    

    

    

    
      
        S40901-01-IAI 7                                                                             [Admin Tracking Identifier]

        

        

      

      
        

      

    

    

    

    

    

    	
            Withdrawals

          

    

    

    The following replaces "Required Minimum Distributions" in the Base Contract.

    

    

    Required Minimum Distributions

        If this contract is an Individual Retirement Annuity (IRA) or owned by a qualified retirement plan, you may be required by the Internal Revenue Code to take Required Minimum Distributions. To satisfy such requirement for this contract only,
        you may take a withdrawal as a Required Minimum Distribution by providing us an Authorized Request. The portion of the withdrawal you take that is treated as a Required Minimum Distribution may not be greater than the Required Minimum Distribution
        of the current calendar year less any amount previously withdrawn. If you take a Required Minimum Distribution, it will not be treated as an Excess Withdrawal and Withdrawal Charges will not apply to the Required Minimum Distribution, but it will
        reduce your Free Withdrawal Amount and any other contract values accordingly. If you take a withdrawal and do not indicate that it is a Required Minimum Distribution through an Authorized Request, it will be treated as a Partial Withdrawal.

    

    

    	
            Annuity Payments

          

    

    

    The following is added to “Annuity Payments” in the Base Contract.

    

    

    If You Elected Income Payments

    You are required to begin Annuity Payments on the Annuity Date unless the Contract Value has been reduced to
        zero.  If you are taking Income Payments on the Annuity Date and the Contract Value is greater than zero, Income Payments will terminate.

    

    

    If you begin Annuity Payments and select either Option 1, if you elected single Income Payments, or Option 3,
        if you elected joint Income Payments, we will convert your Income Payments to Annuity Payments, and we will establish a Remaining Value that is equal to the Contract Value on the Annuity Date.  Annuity Payments will decrease the Remaining Value by
        the amount of each Annuity Payment. The Annuity Phase terminates on the death of the last surviving Annuitant and payment of any Remaining Value. If you select any other Annuity Option, we will not convert your Income Payments to Annuity Payments.

    

    

    If you do not select an Annuity Option or payment frequency before the
        Annuity Date, we will convert your Income Payments to Annuity Payments at the same frequency you were previously receiving Income Payments according to either Option 1, if you previously elected single Income Payments, or Option 3, if you
        previously elected joint Income Payments.

    

    

    Single-life Annuity Payments under Option 1 based on the Annual Maximum

    If you take Annuity Payments based on the Annual Maximum and you elected single Income Payments, the Covered
        Person becomes the Annuitant, and we will pay installments as long as the Annuitant is living.  Total installments for each Index Year will be equal to the greater of the annual Annuity Payments under Option 1 based on the Contract Value or the
        current Annual Maximum.

    

    

    When the Annuitant dies, installments will terminate, and we will pay any Remaining Value to the
        Beneficiary(ies).

    

    

    Joint-life Annuity Payments under Option 3 based on the Annual Maximum

    If you take Annuity Payments based on the Annual Maximum and you elected joint Income Payments, both Covered
        Persons become Annuitants, and we will pay installments as long as either Annuitant is living.  Total installments for each Index Year will be equal to the greater of the annual Annuity Payments under Option 3 based on the Contract Value or the
        current Annual Maximum.

    

    

    When both Annuitants have died, installments will terminate and we will pay any Remaining Value to the
        Beneficiary(ies).

    

    

    If you selected Increasing Income and we convert your Income Payments to Annuity Payments on the Annuity
        Date, you may continue to link the Annuity Payments to the proportion of the Contract Value in each Allocation Option as was last distributed, or you may select new proportions for the Annuity Payments by providing us an Authorized Request before
        the next Index Anniversary. If the current Annual Maximum has increased as a result of the application of a credit, as described under the Increasing Income section, the Annuity Payments will increase by that same credit.

    

    

    
      
        S40901-01-IAI 7                                                                             [Admin Tracking Identifier]

        

        

      

      
        

      

    

    

    

    

    

    	
            Ownership

          

    

    

    The following is added to “Assignment of this contract” in the Base Contract.

    

    

    Assignment of this contract

    An assignment does not change any existing Eligible Person or Covered Person, subject to the limitations as
        described in the Eligible Person(s) and Covered Persons(s) provision.

    

    

    	
            General Provisions

          

    

    

    The following is added to “General Provisions” in the Base Contract.

    

    

    Misstatement of Age of a Covered Person

    If there is a misstatement of the Age of a Covered Person, we will adjust the Annual Maximum based on the
        correct Lifetime Income Percentage.  If the misstatement caused an underpayment, we will pay you the difference in one payment.  If the misstatement caused an overpayment, we will reduce your next Income Payment by the amount of the difference.  If
        the amount of the difference is larger than your next Income Payment, we will reduce the subsequent Income Payment, and so on until the entire difference has been subtracted.  Any underpayment or overpayment will not include interest.

    

    

    The following is added to “Divorce” in the Base Contract.

    

    

    Divorce

    If at any time Eligible Persons or joint Covered Persons are no longer Spouses you must
        send us notice of the divorce as an Authorized Request. If we receive such notice, we will remove one former Spouse from the contract as an Eligible Person or Covered Person. If we receive such notice on or before the Income Benefit Date, joint
        Income Payments will not be available to you, unless you add an additional Eligible Person.

    Contracts Owned by Individuals

    If you had been taking joint Income Payments before the Covered Persons divorce, we will continue to pay
        joint Income Payments to the remaining Owner as long as the remaining Owner is living.

    

    

    Contracts Owned by Non-Individuals

    If you had been taking joint Income Payments before the Covered Persons divorce, we will continue to pay
        joint Income Payments to the Owner as long as the Annuitant is living.

    

    

    	
            Termination of this Rider

          

    

    

    This rider terminates on the earliest of:

    
      	
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              the date you notify us by an Authorized Request that you wish to remove this rider from your
                  contract. You can request to remove the rider on any Index Anniversary that occurs on or after the Earliest Rider Removal Date as shown on the Income Benefit Rider Contract Schedule and before your Income Benefit Date as long as your
                  Contract Value is positive. To remove this rider from the Base Contract we must receive your Authorized Request before an Index Anniversary.  Your request is then effective on the next Index Anniversary or on the next Business Day if the
                  Index Anniversary is not a Business Day;

            

    

    
      	
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              the Income Benefit Date or Income Benefit Anniversary your Annual Maximum is less than the Minimum
                  Income Payment;

            

    

    
      	
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              the date all Eligible Persons have been removed from this rider;

            

    

    
      	
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              the date of death of the last surviving Eligible Person;

            

    

    
      	
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              the date all Covered Persons have been removed from this rider;

            

    

    
      	
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              the date of death of the last surviving Covered Person;

            

    

    
      	
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              at the end of the Business Day, after the death of an Owner (or Annuitant if the Owner is a
                  non-individual), we first receive a Valid Claim from any one Beneficiary to elect a Death Benefit payment option, unless the Spouse, who is an Eligible Person or Covered Person (if Income Payments have begun) chooses to continue the Base
                  Contract;

            

    

    
      	
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              the date all Eligible Persons have exceeded the Maximum Exercise Age; or

            

    

    
      	
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              the date the Base Contract terminates.

            

    

    

    

    
      
        S40901-01-IAI 7                                                                             [Admin Tracking Identifier]

        

        

      

      
        

      

    

    

    

    

    

    	
            Reinstatement of this Rider

          

    

    

    Once this rider terminates, it may not be reinstated.

    

    

    

    

    In all other respects the provisions, conditions, exceptions and limitations contained in the contract remain
        unchanged and apply to this rider.

    

    

    Signed for the Company at its home office.

    

    

    

    

    Allianz Life Insurance Company

    of North America

    

    

    [                       ]

    [Gretchen Cepek]       [Walter R. White]

    Secretary President and CEO

    

    

    To obtain information, make an inquiry, or for assistance with a complaint,

    please call our toll-free number at [800.624.0197].

    

    

    
      

        

        

        
          
            S40901-01-IAI 7                                                                             [Admin Tracking Identifier]

             

              

            

              

              

              

              

              

              

              

              

            

            

          

          
            

          

        

        

        

      
        

        

        	
                Income Benefit Rider Amendment

              

        

        

        The Company has issued this amendment as a part of the Entire Contract.  If there are any conflicts
            between this amendment and any contract or rider to which this amendment is attached, the provisions of this amendment will prevail.  Defined terms and contractual provisions are set forth in the contract or are added in this amendment.

        

        

        	
                Income Payments

              

        

        

        The following replaces the “Eligible Person(s) and Covered Person(s)” section of the Income Payments
            provision.

        

        

        Eligible Person(s) and Covered Persons(s)

        Eligible Persons are determined on the Issue Date based on the contract’s ownership and tax qualification
            status, and are shown on the Income Benefit Rider Contract Schedule.  If an Eligible Person or a Covered Person is no longer an Owner, Joint Owner, Annuitant, or Beneficiary as required below, or upon the death of an Eligible Person or a
            Covered Person, we will remove that person from this rider. If an Eligible Person is removed from this rider, you cannot designate that person to be a Covered Person. If a Covered Person is removed from this rider, that person is no longer a
            Covered Person.

        

        

        If you add or change an Owner or Beneficiary that person will become an Eligible Person if they are the
            current Spouse of an existing Eligible Person and meet the requirements below. We will calculate the Lifetime Income Percentage based on the Age of the new Eligible Person on the Index Effective Date and Index Anniversaries, if applicable, in
            accordance with the How we Calculate the Lifetime Income Percentage provision.  At any given time there cannot be more than two Eligible Persons.  After the Income Benefit Date, you cannot add, remove, or replace a Covered Person even if you
            add or change an Owner(s), Annuitant(s), or Beneficiary(ies).

        

        

        If you are the sole individual Owner of the contract:

        
          	
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                  You are an Eligible Person.

                

        

        
          	
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                  If the Owner and sole primary Beneficiary are Spouses, the sole primary Beneficiary is also an
                      Eligible Person.

                

        

        
          	
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                  If you select single Income Payments, you must designate the Owner to be the Covered Person.

                

        

        

        

        If the contract is jointly owned:

        
          	
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                  Both Owners are Eligible Persons.

                

        

        
          	
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                  The Owners must be Spouses.

                

        

        
          	
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                  If you select single Income Payments, you may designate either Owner to be the Covered Person.

                

        

        

        

        If the Owner is a non-individual:

        
          	
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                  The Annuitant is an Eligible Person.

                

        

        
          	
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                  If the contract is qualified under the federal tax code, and the Annuitant and sole contingent
                      Beneficiary are Spouses, the sole contingent Beneficiary is also an Eligible Person.

                

        

        
          	
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                  If you select single Income Payments, you must designate the Annuitant to be the Covered
                      Person.

                

        

        
          	
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                  If the contract is not qualified under the federal tax code, you may not select joint Income
                      Payments.

                

        

        

        

        

        

        	
                General Provisions

              

        

        

        The following replaces the paragraph of the “Divorce” provision.

        

        

        Divorce

        If at any time Eligible Persons or joint Covered Persons are no longer Spouses you must
            send us notice of the divorce as an Authorized Request. If we receive such notice, we will remove one former Spouse from the contract as an Eligible Person or Covered Person. If we receive such notice on or before the Income Benefit Date, joint
            Income Payments will not be available to you, unless you add an additional Eligible Person.

            

        

        	
                Termination of this Rider

              

        

        

        The following is added to the bulleted list under the “Termination of this Rider” provision.

        

        

        
          	
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                  at the end of the Business Day, after the death of an Owner (or Annuitant if the Owner is a
                      non-individual), we first receive a Valid Claim from any one Beneficiary to elect a Death Benefit payment option, unless the Spouse, who is an Eligible Person or Covered Person (if Income Payments have begun) chooses to continue the
                      Base Contract;

                

        

        

        

        

        

        In all other respects, the provisions, conditions, exceptions, and limitations contained in the contract
            remain unchanged and apply to this amendment.

        

        

        Signed for the Company at its home office.

        

        

        

        

        Allianz Life Insurance Company

        Of North America

        [                            ]

        [Gretchen Cepek]       [Walter R. White]

        Secretary President and CEO

        

        

        To obtain information, make an inquiry, or for assistance with a complaint,

        please call our toll-free number at [800.624.0197].

        

        

        
          LE40901-IAI2[Admin Tracking Identifier]ex_140666.htm

Exhibit 10.182

 

THIS NOTE IS SUBJECT TO THE TERMS OF A SUBORDINATION AGREEMENT (GREAT HARBOR SECURED DEBT) DATED AS OF AUGUST 30, 2017 IN FAVOR OF MIDCAP FUNDING X TRUST, A DELAWARE STATUTORY TRUST, AS ADMINISTRATIVE AGENT, WHICH SUBORDINATION AGREEMENT (GREAT HARBOR SECURED DEBT) (AS AMENDED IN ACCORDANCE WITH ITS TERMS) IS INCORPORATED HEREIN BY REFERENCE (THE "MIDCAP SUBORDINATION AGREEMENT").

 

THIS NOTE IS SUBJECT TO THE TERMS OF AN INTERCREDITOR AGREEMENT, DATED AS OF FEBRUARY 6, 2018, BETWEEN HOLDER AND GOLISANO HOLDINGS LLC, A NEW YORK LIMITED LIABILITY COMPANY, WHICH INTERCREDITOR AGREEMENT (AS AMENDED IN ACCORDANCE WITH ITS TERMS) IS INCORPORATED HEREIN BY REFERENCE.

 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY APPLICABLE STATE SECURITIES LAWS. THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE, AND MAY NOT BE SOLD, MORTGAGED, PLEDGED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS, OR AN EXEMPTION THEREFROM.

 

SECURED PROMISSORY NOTE

 

	$4,000,000	November 5, 2018

 

FOR VALUE RECEIVED, the undersigned, 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"), promises to pay to GREAT HARBOR CAPITAL, LLC, a Delaware limited liability company ("Holder"), the principal sum of FOUR MILLION DOLLARS AND NO CENTS ($4,000,000.00), together with interest on the unpaid principal balance of this Secured Promissory Note (this "Note") from time to time outstanding until paid in full, in lawful money of the United States of America. This Note shall mature and be due and payable by Maker on November 5, 2020 (the "Maturity Date") or, if such day is not a Business Day, then the next succeeding Business Day. Capitalized terms used herein and not otherwise defined are set forth in Section 3.12 hereof.

 

 

* Certain identified information has been excluded from the exhibit because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.

 

 

 

ARTICLE I

TERMS AND CONDITIONS

 

1.01     Payment of Principal and Accrued Interest. 

 

a.     Interest shall accrue on the outstanding principal amount of this Note at eight and one-half percent (8.5%) per annum (the "Interest Rate"). Interest shall be computed hereunder based on a 360-day year. Interest shall be payable monthly on the 1st day of each month, with the first interest payment due December 1, 2018.

 

b.     If not paid sooner under this Section 1.01 or otherwise, the principal amount of this Note together with all accrued and unpaid interest thereon shall be due and payable on the Maturity Date.

 

c.     Subject to the MidCap Subordination Agreement and MidCap Credit Agreement, when any Maker consummates any Special Asset Disposition ([          ]), such Maker will use the Net Cash Proceeds of such Special Asset Disposition to pay any accrued and unpaid interest under this Note and any other note subject to the Intercreditor Agreement, such payment to be made promptly but in no event more than three (3) business days following receipt of such Net Cash Proceeds and until the date of payment, such proceeds shall be held in trust for the Holder and the holder of any other note subject to the Intercreditor Agreement.

 

d.     Subject to the MidCap Subordination Agreement and MidCap Credit Agreement, when any Maker [          ], such Maker will use the Net Cash Proceeds of such sale to pay the accrued and unpaid interest and outstanding principal under this Note, such payment to be made directly [          ] upon consummation of such sale. Any Net Cash Proceeds in excess of the amount due to pay all accrued and unpaid interest and outstanding principal on this Note may be remitted to any other secured lender of Maker or to Maker, as the case may be.

 

1.02     Prepayment.

 

a.     The principal amount of this Note may be prepaid, in whole or in part, at any time and from time to time, together with accrued and unpaid interest to the date of such prepayment on the amount so prepaid, without premium or penalty. Any partial prepayment of principal made after the Maturity Date shall be applied as follows: first, to the payment of accrued interest; and second, to the payment of principal.

 

b.     Upon any partial prepayment, at the request of either Maker or Holder, Exhibit A shall be updated by Holder to reflect such payment. In the event that this Note is prepaid in its entirety, this Note shall be surrendered to Maker for cancellation as a condition to any such prepayment.

 

1.03     Payments Only on Business Days. Payments hereunder shall be made only on a Business Day. Any payment hereunder which, but for this Section 1.03, would be payable on a day which is not a Business Day, shall instead be due and payable on the next succeeding Business Day.

 

2

 

 

1.04     Conversion of Note to Equity. If and upon terms and conditions approved by the Disinterested Members (as defined below) of TCHI's Board of Directors and execution of definitive documents mutually agreed upon by the parties, Holder shall have the right the convert the then outstanding principal and accrued interest due to Holder under this Note into the common stock, par value $0.001 per share, of Twinlab Consolidated Holdings, Inc. For purposes of this provision, and solely with respect to the approval of the terms and conditions of conversion pursuant to this Section 1.04, the "Disinterested Members" of TCHI’s Board of Directors shall mean those directors other than David Van Andel, Mark Bugge, and any director appointed by Holder pursuant to that certain Voting Agreement in favor of Holder, dated October 2, 2015.

 

1.05     Warrant. Concurrently herewith, TCHI has issued the Warrant to Holder. The issuance of the Warrant is additional consideration for Holder making the loan to Maker and is not, nor shall it be deemed to be, made in lieu of or to otherwise reduce or limit in any way Maker’s payment obligations under this Note or be deemed or construed as a limitation on any other rights or remedies that Holder may have hereunder, at law or in equity, or otherwise.

 

ARTICLE II

DEFAULTS

 

2.01     Events of Default. Each of the following shall constitute an "Event of Default" under this Note:

 

a.     failure by Maker to make any interest payment required under this Note when the same shall become due and payable (whether at maturity, by acceleration or otherwise) and the continuation of such failure for a period of fifteen (15) Business Days following notice thereof; or

 

b.     failure by Maker to make any payments of principal required under this Note when the same shall become due and payable (whether at maturity, by acceleration or otherwise) and the continuation of such failure for a period of fifteen (15) Business Days following notice thereof; or

 

c.     the occurrence of an event of default under any of the Loan Documents and the continuation of such failure for a period of fifteen (15) Business Days following notice thereof;

 

d.     the occurrence of (x)(i) a default or an event of default with respect to any indebtedness of Maker for borrowed money that accrues interest, including, but not limited to Midcap, JL Properties, JL-US, the Holder, Golisano Holdings, and Little Harbor and (ii) such indebtedness is accelerated by the creditor or (y) the non-payment of indebtedness of Maker for borrowed money at its scheduled final maturity (including any extension or refinancings thereof); or

 

e.     Maker, pursuant to or within the meaning of any Bankruptcy Law (i) commences a voluntary case or proceeding; (ii) consents to the entry of an order for relief against it in an involuntary case or proceeding; (iii) consents to the appointment of a custodian of it or for all or any substantial portion of its property or assets; or (iv) makes a general assignment for the benefit of its creditors;

 

3

 

 

f.     an involuntary case or proceeding is commenced against Maker under any Bankruptcy Law and is not dismissed, bonded or discharged within sixty (60) days thereafter, or a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that (i) is for relief against Maker in an involuntary case or proceeding; (ii) appoints a custodian of Maker or for all or substantially all of its properties; or (iii) orders the liquidation of Maker; and in each case the order or decree remains unstayed and in effect for sixty (60) days; or

 

g.    [          ]

 

If an Event of Default occurs, the Interest Rate shall equal fifteen percent (15%) per annum from and after the date of such Event of Default until the date upon which this Note is repaid in full. If an Event of Default occurs, Holder may, at its option, declare, by notice in writing to Maker (the "Acceleration Notice"), the entire principal amount of this Note (and any accrued and unpaid interest thereon) to be immediately due and payable and upon any such declaration such principal and interest shall become and be forthwith due and payable without any further notice, presentment, protest, or demand of any kind, all of which are hereby expressly waived by Maker. If an Event of Default specified in Sections 2.01(d) or 2.01(e) hereof occurs, the principal amount of this Note (and any accrued and unpaid interest thereon) shall become due and payable immediately without any declaration or other act on the part of Holder. If any Event of Default shall have occurred, Holder may proceed to protect and enforce its rights either by suit in equity or by action at law, or both, whether for specific performance of any provision of this Note or in aid of the exercise of any power granted to Holder under this Note.

 

ARTICLE III

MISCELLANEOUS

 

3.01     No Waiver: Amendment. Maker hereby waives presentment, demand for payment, notice of dishonor, notice of protest and all other notices or demands in connection with the delivery, acceptance, performance or default of this Note. No delay by Holder in exercising any power or right hereunder shall operate as a waiver of any power or right, nor shall any single or partial exercise of any power or right preclude other or further exercise thereof, or the exercise of any other power or right hereunder or otherwise; and no waiver whatsoever or modification of the terms hereof, including but not limited to an extension of the time for the payment of this Note or any installment due hereunder, shall be valid unless set forth in writing by Holder. This Note may not be changed orally, but only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification or discharge is sought. No modifications or amendments made by agreement with any person now or hereafter liable for the payment of this Note shall operate to release, discharge, modify, change or affect the liability of Maker under this Note, either in whole or in part unless Holder agrees otherwise in writing.

 

3.02     Limit of Validity. The provisions of this Note are hereby expressly limited so that in no contingency or event whatsoever, whether by reason of demand or acceleration of the maturity of this Note or otherwise, shall the amount paid, or agreed to be paid to Holder for the use, forbearance or retention of money under this Note ("Interest") exceed the maximum amount permissible under applicable law. If, from any circumstance whatsoever, performance or fulfillment of any provision hereof or of any agreement between Maker and Holder shall, at the time performance or fulfillment of such provision shall be due, exceed the limit for Interest prescribed by law or otherwise transcend the limit of validity prescribed by applicable law, then ipso facto the obligation to be performed or fulfilled shall be reduced to such limit and if, from any circumstance whatsoever, Holder shall ever receive anything of value deemed Interest by applicable law in excess of the maximum lawful amount, an amount equal to any excessive Interest shall be applied to the reduction of the principal amount owing under this Note (whether or not then due) or at the option of Holder be paid over to Maker, and not to the payment of Interest. All Interest (including any amounts or payments deemed to be Interest) paid or agreed to be paid to Holder shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full period until payment in full of the principal amount of this Note so that the Interest thereof for such full period will not exceed the maximum amount permitted by applicable law.

 

4

 

 

3.03     Arm's Length Agreement. This Agreement has been negotiated and prepared at the mutual request, direction and construction of Holder and Maker, at arm's length, with the advice and participation of counsel, and will be interpreted in accordance with its terms without favor to any party.

 

3.04     Governing Law. This Note shall be interpreted, construed and enforced according to the substantive laws of the State of New York, without giving effect to principles of conflicts of law.

 

3.05     Judicial Proceedings. All judicial proceedings brought against Maker arising out of or relating to this Note may be brought in the Federal courts of the United States of America or the courts of the State of New York, in each case, located in Monroe County, New York, and by execution and delivery of this Note, Maker accepts for itself and in connection with its properties, generally and unconditionally, the nonexclusive jurisdiction of the aforesaid courts and waives any defense of forum non conveniens and irrevocably agrees to be bound by any judgment rendered thereby in connection with this Note. Maker hereby agrees that service of all process in any such proceeding in any such court may be made by registered or certified mail, return receipt requested, to Maker at its address set forth in Section 3.06, such service being hereby acknowledged by Maker to be sufficient for personal jurisdiction in any action against Maker in any such court and to be otherwise effective and binding service in every respect. Nothing herein shall affect the right to serve process in any other manner permitted by law or shall limit the right of Holder to bring proceedings against Maker in the courts of any other jurisdiction.

 

3.06     Notices. Any notices or other communications required or permitted hereunder shall be in writing, and shall be sufficiently given if made by hand delivery, electronic mail or registered or certified mail, postage prepaid, return receipt requested:

 

a.     If to Maker, to:

 

Twinlab Consolidated Holdings, Inc.

4800 T-Rex Avenue

Suite 305

Boca Raton, Florida 33431

Attention: Carla Goffstein, Interim Chief Financial Officer

e-mail: cgoffstein@twinlab.com

 

5

 

 

b.     If to Holder, to:

 

Great Harbor Capital, LLC

3133 Orchard Vista Drive SE

Grand Rapids, MI 49546

Attention: Mark J. Bugge, Secretary

Facsimile: (616) 808-2721

e-mail: Mark.Bugge@vaegr.com

 

3.07     Assignment and Transfer; Covenant. Neither this Note nor any interest herein shall be assigned, transferred, pledged or otherwise disposed of, through liquidation or otherwise (any of the foregoing, a "Transfer"), in whole or in part, by Maker without the express prior written consent of Holder. Any attempted assignment of this Note by Maker in violation of this restriction shall be void.

 

3.08     Replacement of Notes. Upon receipt by Maker of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Note, and (in case of loss, theft or destruction) of an indemnity reasonably satisfactory to it, and upon surrender and cancellation of this Note, if mutilated, Maker will deliver a new Note, or like tenor in lieu of this Note, payable to Holder, in the same principal amount as the unpaid principal amount of this Note and bearing interest at the same Interest Rate as this Note. Any Note delivered in accordance with the provisions of this Section 3.08 shall be dated as of the date of this Note.

 

3.09     Successors and Assigns. The respective rights and obligations of Maker and Holder shall be binding upon and inure to the benefit of their respective successors and permitted assigns.

 

3.10     Collection Costs. If any amount due under this Note is not paid at the earlier of (i) the due date hereunder or (ii) at acceleration of maturity as herein provided and is placed in the hands of an attorney for collection, or if it is collected through bankruptcy, probate or other court after maturity or the acceleration thereof, Maker shall pay all reasonable attorneys’ fees and collection costs of Holder incurred with respect to the collection of amounts due under this Note promptly on the demand of Holder.

 

3.11     Security. The indebtedness evidenced by this Note and any extensions, renewals or modifications of such indebtedness is secured by any and all mortgages, security agreements, guaranties and other security documents now or hereafter in effect as security for this Note (collectively, the "Loan Documents").

 

Definitions. The following terms have the following meanings:

 

"Acceleration Notice" shall have the meaning set forth in Section 2.01.

 

"Bankruptcy Law" means Title 11, United States Code, or any similar federal, state or foreign law for the relief of debtors or any arrangement, reorganization, assignment for the benefit of creditors or any other marshalling of the assets and liabilities of Maker.

 

"Business Day" means each day other than Saturdays, Sundays and days when commercial banks are authorized or required by law to be closed for business in New York, New York.

 

6

 

 

"Disinterested Members" shall have the meaning set forth in Section 1.04.

 

"Events of Default" shall have the meaning set forth in Section 2.01.

 

"Event of Loss" means, with respect to any property, any of the following: (a) any loss, destruction or damage of such property or (b) any condemnation, seizure, or taking, by exercise of the power of eminent domain or otherwise, of such property, or confiscation of such property or the requisition of the use of such property.

 

"Golisano Holdings" shall mean Golisano Holdings LLC, a New York limited liability company.

 

"Holder" shall have the meaning set forth in the Preamble.

 

"Interest" shall have the meaning set forth in Section 3.02.

 

"Interest Rate" shall have the meaning set forth in Section 1.01(a).

 

"JL Properties" shall mean JL Properties, Inc., an Alaska corporation.

 

"JL-US" shall mean JL-Utah Sub, LLC, an Alaska limited liability company.

 

"Little Harbor" shall mean Little Harbor, LLC, a Nevada limited liability company.

 

"Maker" shall have the meaning set forth in the Preamble.

 

"Maturity Date" shall have the meaning set forth in the Preamble.

 

"MidCap" means MidCap Funding X Trust, a Delaware statutory trust, its successors and assigns.

 

"MidCap Credit Agreement" means that certain Credit and Security Agreement dated as of January 22, 2015, among Maker as borrower, MidCap, as administrative agent for the lenders and individually as a lender, and the other financial institutions or other entities from time to time parties thereto, as lenders, as such agreement may, from time to time, be amended, restated, renewed, supplemented or otherwise modified.

 

"MidCap Subordination Agreement" shall have the meaning set forth in the Preamble.

 

[          ]

 

[          ]

 

[          ]

 

7

 

 

"Net Cash Proceeds" means, (a) with respect to any Special Asset Disposition ([          ]) by a person, cash and cash equivalent proceeds received by or for such person's account, net of (i) reasonable direct documented costs relating to such Special Asset Disposition, (ii) sale, use or other transactional taxes paid or payable by such person as a direct result of such Special Asset Disposition, (iii) the principal amount of any indebtedness which is secured by a prior perfected lien (other than in favor of MidCap, Golisano Holdings LLC or Great Harbor Capital, LLC) on the asset subject to such Special Asset Disposition and is required to be repaid in connection with such Special Asset Disposition and (iv) an amount required to be paid to MidCap such that the Revolving Loans Outstanding (as defined in the MidCap Credit Agreement) do not exceed the Revolving Loan Limit (as defined in the MidCap Credit Agreement); and (b) [          ] (i) reasonable direct documented costs [          ], (ii) sale, use or other transactional taxes paid or payable by such person [          ], (iii) the principal amount of any indebtedness which is secured by a prior perfected lien (other than in favor of MidCap, Great Harbor Capital, LLC and Golisano Holdings LLC) [          ] and is required to be repaid in connection [          ], (iv) an amount required to be paid to MidCap of 120% of the reduction in the Borrowing Base (as defined in the MidCap Credit Agreement) [          ] and (v) principal and interest due under that certain Secured Promissory Note, dated as of July 27, 2018, issued by Maker to Holder.

 

"Ordinary Course of Business" means, in respect of any transaction involving Maker, (a) the ordinary course of business of such Maker as conducted by such Maker in accordance with past practices or (b) with respect to a business that is the subject of acquisition permitted by the MidCap Credit Agreement, the ordinary course of such business in accordance with past practices prior to such acquisition.

 

"Special Asset Disposition" means any sale, lease, license, transfer, assignment or other consensual disposition by any Maker of any asset other than (a) dispositions of inventory in the Ordinary Course of Business or proceeds thereof and not pursuant to any bulk sale, (b) dispositions of furniture, fixtures and equipment in the Ordinary Course of Business that such Maker determines in good faith is no longer used or useful in the business of such Maker, (c) an Event of Loss, and/or (d) an offering of equity securities of a person or the issuance of any indebtedness by a person.

 

"Transfer" has the meaning set forth in Section 3.07.

 

"Warrant" means Warrant No. 2018-26 in the form attached as Exhibit B to the Note.

 

 

 

[SIGNATURE PAGES FOLLOW]

 

8

 

 

IN WITNESS WHEREOF, Maker has executed this Note as of the date first above written.

 

 

	
			MAKER:

				
			TWINLAB CONSOLIDATION

			CORPORATION

			 

			 

			By:    /s/ Anthony Zolezzi                                   (Seal)

			Name: Anthony Zolezzi

			Title:   Chief Executive Officer

			
	 	 
	
			TWINLAB CONSOLIDATED

			HOLDINGS, INC.

			 

			 

			By:/s/Anthony Zolezzi                                     (Seal)

			Name: Anthony Zolezzi

			Title:   Chief Executive Officer

				
			TWINLAB HOLDINGS, INC.

			 

			 

			 

			By:/s/Anthony Zolezzi                                   (Seal)

			Name: Anthony Zolezzi

			Title:   Chief Executive Officer

			
	 	 
	
			TWINLAB CORPORATION

			 

			 

			By:/s/Anthony Zolezzi                                      (Seal)

			Name: Anthony Zolezzi

			Title:   Chief Executive Officer

				
			ISI BRANDS INC.

			 

			 

			By:/s/Anthony Zolezzi                                   (Seal)

			Name: Anthony Zolezzi

			Title:   Chief Executive Officer

			
	 	 
	
			NUTRASCIENCE LABS, INC.

			 

			 

			By:/s/Anthony Zolezzi                                      (Seal)

			Name: Anthony Zolezzi

			Title:   Chief Executive Officer

				
			NUTRASCIENCE LABS IP CORPORATION

			 

			 

			By:/s/Anthony Zolezzi                                   (Seal)

			Name: Anthony Zolezzi

			Title:   Chief Executive Officer

			
	 	 
	
			ORGANIC HOLDINGS LLC

			 

			 

			By:/s/Anthony Zolezzi                                      (Seal)

			Name: Anthony Zolezzi

			Title:   Sole Manager

				
			RESERVE LIFE ORGANICS, LLC 

			 

			By ORGANIC HOLDINGS LLC,

			its sole Member

			 

			By:/s/Anthony Zolezzi                                   (Seal)

			Name: Anthony Zolezzi

			Title:   Sole Manager

			

 

 

[First Signature Page to Secured Promissory Note – November 2018 – Great Harbor]

 

 

 

	
			RESVITALE, LLC

			 

			By ORGANIC HOLDINGS LLC,

			its sole Member

			 

			By:/s/Anthony Zolezzi                                   (Seal)

			Name: Anthony Zolezzi

			Title: Sole Manager

				
			RE-BODY, LLC 

			 

			By ORGANIC HOLDINGS LLC,

			its sole Member

			 

			By:/s/Anthony Zolezzi                                   (Seal)

			Name: Anthony Zolezzi

			Title: Sole Manager

			
	 	 
	
			INNOVITAMIN ORGANICS, LLC

			 

			By ORGANIC HOLDINGS LLC,

			its sole Member

			 

			By:/s/Anthony Zolezzi                                   (Seal)

			Name: Anthony Zolezzi

			Title: Sole Manager

				
			ORGANICS MANAGEMENT LLC

			 

			By ORGANIC HOLDINGS LLC,

			its sole Member

			 

			By:/s/Anthony Zolezzi                                   (Seal)

			Name: Anthony Zolezzi

			Title: Sole Manager

			
	 	 
	
			COCOAWELL, LLC

			 

			By ORGANIC HOLDINGS LLC,

			its sole Member

			 

			By:/s/Anthony Zolezzi                                   (Seal)

			Name: Anthony Zolezzi

			Title: Sole Manager

				
			FEMBODY, LLC

			 

			By ORGANIC HOLDINGS LLC,

			its sole Member

			 

			By:/s/Anthony Zolezzi                                   (Seal)

			Name: Anthony Zolezzi

			Title: Sole Manager

			
	 	 
	
			RESERVE LIFE NUTRITION, L.L.C.

			 

			By ORGANIC HOLDINGS LLC,

			its sole Member

			 

			By:/s/Anthony Zolezzi                                   (Seal)

			Name: Anthony Zolezzi

			Title: Sole Manager

				
			INNOVITA SPECIALTY DISTRIBUTION LLC

			 

			By ORGANIC HOLDINGS LLC,

			its sole Member

			 

			By:/s/Anthony Zolezzi                                   (Seal)

			Name: Anthony Zolezzi

			Title: Sole Manager

			

 

 

[Second Signature Page to Secured Promissory Note – November 2018 – Great Harbor]

 

 

 

	
			JOIE ESSANCE, LLC

			 

			By ORGANIC HOLDINGS LLC,

			its sole Member

			 

			By:/s/Anthony Zolezzi                                   (Seal)

			Name: Anthony Zolezzi

			Title: Sole Manager

				 

 

 

 

#14056452

 

 

[Third Signature Page to Secured Promissory Note – November 2018 – Great Harbor]

 

 

 

ACKNOWLEDGED & AGREED

 

GREAT HARBOR CAPITAL, LLC

 

 

 

By:      /s/ Mark Bugge                                  

Name: Mark J. Bugge

Title: Secretary

 

 

 

 

EXHIBIT A

 

SCHEDULE OF PREPAYMENTS

 

 

 

 

EXHIBIT B

 

FORM OF WARRANT

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