SEC Contract Filing

Filing Date: 2021-12-27

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.1</B></FONT></P>

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<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>LOAN
AGREEMENT</U></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
<B>LOAN AGREEMENT </B>(this &ldquo;<U>Agreement</U>&rdquo;) dated as of December 20, 2021, is made by and among <B>ALTITUDE INTERNATIONAL
HOLDINGS, INC.</B>, a New York corporation (&ldquo;<U>Altitude</U>&rdquo;), <B>TRIDENT WATER, LLC</B>, a Florida limited liability company
(&ldquo;<U>Trident</U>&rdquo;; Trident and Altitude, each, a &ldquo;<U>Borrower</U>&rdquo; and together, &ldquo;<U>Borrowers</U>&rdquo;);
each financial institution that from time to time is a Lender (as defined below) hereunder; and <B>FVP SERVICING, LLC</B>, a Delaware
limited liability company (in its capacity as administrative agent for the Lenders, the &ldquo;<U>Administrative Agent</U>&rdquo; and
together with Borrowers and the Lenders, the &ldquo;<U>Parties</U>&rdquo;, and each, a &ldquo;<U>Party</U>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>W
I T N E S S E T H:</U></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
Borrowers have requested that Lender extend credit to Borrowers in the form of a term loan more particularly described herein, in the
original principal amount of Five Hundred Thousand and No/100 Dollars ($500,000.00), the proceeds of which will be used by Borrowers
for purposes of paying off certain existing debts, paying transaction costs and expenses incurred in connection therewith, for general
working capital purposes of Borrowers and other purposes expressly permitted hereunder, and Lenders have agreed to provide such loan,
subject to the terms and conditions of this Agreement.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW,
THEREFORE, upon the terms and conditions hereinafter stated, and in consideration of the mutual premises set forth above and other adequate
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, hereby agree
as follows:</FONT></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>DEFINITIONS
 AND RULES OF CONSTRUCTION</U></FONT></TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1 As
used in this Agreement, the following terms shall have the meanings set forth below (terms defined in the singular to have the same meaning
when used in the plural and vice versa):</FONT></P>

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