SEC Contract Filing

Filing Date: 2019-04-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.190
<SEQUENCE>10
<FILENAME>ex_140670.htm
<DESCRIPTION>EXHIBIT 10.190
<TEXT>
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<p style="margin-bottom: 0px; text-align: right; margin-top: 0px"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.190</b></font></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><u><b>AMENDMENT NO. 1</b></u><u><b>5</b></u><u><b> TO CREDIT AND SECURITY AGREEMENT</b></u><u><b> </b></u></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><b>THIS</b><b> AMENDMENT NO. 1</b><b>5</b><b> TO CREDIT AND SECURITY AGREEMENT</b><b> </b>(this &ldquo;<b>Amendment</b>&rdquo;) is made as of this 4<sup>th</sup>&nbsp;day of December, 2018, by and among <b>TWINLAB CONSOLIDATED HOLDINGS, INC.</b>, a Nevada corporation, <b>TWINLAB CONSOLIDATION CORPORATION</b>, a Delaware corporation, <b>TWINLAB HOLDINGS, INC.</b>, a Michigan corporation, <b>ISI BRANDS INC.</b>, a Michigan corporation, <b>TWINLAB CORPORATION</b>, a Delaware corporation, <b>NUTRASCIENCE LABS, INC.</b>, a Delaware corporation (formerly known as TCC CM Subco I, Inc.), <b>NUTRASCIENCE LABS IP CORPORATION</b>, a Delaware corporation (formerly known as TCC CM Subco II, Inc.), <b>ORGANIC HOLDINGS LLC</b>, a Delaware limited liability company, <b>RESERVE LIFE ORGANICS, LLC</b>, a Delaware limited liability company, <b>RESVITALE, LLC</b>, a Delaware limited liability company, <b>RE-BODY, LLC</b>, a Delaware limited liability company, <b>INNOVITAMIN ORGANICS, LLC</b>, a Delaware limited liability company, <b>ORGANICS MANAGEMENT LLC</b>, a Delaware limited liability company, <b>COCOAWELL, LLC</b>, a Delaware limited liability company, <b>FEMBODY, LLC</b>, a Delaware limited liability company, <b>RESERVE LIFE NUTRITION, L.L.C.</b>, a Delaware limited liability company, <b>INNOVITA SPECIALTY DISTRIBUTION, LLC</b>, a Delaware limited liability company, and <b>JOIE ESSANCE, LLC</b>, a Delaware limited liability company (each of the foregoing Persons being referred to herein individually as a &ldquo;<b>Borrower</b>&rdquo;, and collectively as &ldquo;<b>Borrowers</b>&rdquo;), and <b>MIDCAP FUNDING X TRUST, </b>a Delaware statutory trust, as successor-by-assignment from MidCap Financial Trust (as Agent for Lenders, &ldquo;<b>Agent</b>&rdquo;, 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.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>RECITALS</b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><b>A.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant 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 and Limited Consent 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 Waiver dated as of June 30, 2015, by that certain Amendment No. 5 to Credit and Security Agreement and Limited Consent 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, by that certain Amendment No. 7 and Joinder Agreement to Credit and Security Agreement dated as of October 5, 2015, by that certain Amendment No. 8 to Credit and Security Agreement dated as of January 28, 2016, by that certain Amendment No. 9 to Credit and Security Agreement dated as of April 5, 2016, by that certain Amendment No. 10 to Credit and Security Agreement dated as of August 11, 2016, but effective as of July 29, 2016, by that certain Amendment No. 11 to Credit and Security Agreement dated as of September 1, 2016, by that certain Amendment No. 12 to Credit and Security Agreement and Limited Consent dated as of December 2, 2017, by that certain Amendment No. 13 to Credit and Security Agreement and Limited Consent dated as of August 30, 2017, by that certain Amendment No. 14 to Credit and Security Agreement and Limited Waiver dated as of March 22, 2018 and as it may be further amended, modified and restated from time to time, the &ldquo;<b>Credit Agreement</b>&rdquo;), Agent and Lenders agreed to make available to Borrowers a secured revolving credit facility in a principal amount of up to $17,000,000 from time to time (as amended, modified, supplemented, extended and restated from time to time, collectively, the &ldquo;<b>Loans</b>&rdquo;). Capitalized terms used but not otherwise defined in this Amendment shall have the meanings set forth in the Credit Agreement.</p>

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