SEC Contract Filing

Filing Date: 2015-11-13

Document Content:
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<TYPE>EX-10.2
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<FILENAME>exhibit102.htm
<DESCRIPTION>EXHIBIT102
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<div style="TEXT-ALIGN: right"><font style="FONT-WEIGHT: bold; TEXT-DECORATION: underline">Exhibit 10.2</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">AMENDED AND RESTATED PROMISSORY NOTE</font></font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">November 11, 2015, to be effective as of November 1, 2015</font></div>
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<div style="TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">FOR VALUE RECEIVED, the undersigned, <font style="FONT-WEIGHT: bold; DISPLAY: inline">HEALTHWAREHOUSE.COM, INC., </font>a Delaware corporation, <font style="FONT-WEIGHT: bold; DISPLAY: inline">HWAREH.COM, INC.</font>, a Delaware corporation, and <font style="FONT-WEIGHT: bold; DISPLAY: inline">HOCKS.COM, INC.,</font> an Ohio corporation, jointly and severally, (collectively, <font style="FONT-WEIGHT: bold; DISPLAY: inline">&#8220;Borrower&#8221;</font>), with an address at 7107 Industrial Road, Florence, Kentucky&#160;&#160;41042, hereby promise to pay to the order of <font style="FONT-WEIGHT: bold; DISPLAY: inline">MELROSE CAPITAL ADVISORS, LLC, </font>an Ohio limited liability company (together with its successors and assigns, <font style="FONT-WEIGHT: bold; DISPLAY: inline">&#8220;Lender&#8221;), </font>in lawful money of the United States of America in immediately available funds with an address at c/o Statman, Harris &amp; Eyrich, LLC, 441 Vine Street, 37<font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top; DISPLAY: inline">th</font> Floor, Cincinnati, Ohio&#160;&#160;45202, or at such other location as the Lender may designate from time to time, the principal sum of <font style="FONT-WEIGHT: bold; DISPLAY: inline">ONE MILLION AND 00/100 DOLLARS ($1,000,000.00)</font> together with interest accruing from the date hereof at the rate or rates and in the manner hereinafter provided on the principal balance hereof from time to time outstanding, as provided below.</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline"><font style="FONT-WEIGHT: bold; DISPLAY: inline">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-WEIGHT: bold; TEXT-DECORATION: underline; DISPLAY: inline">Interest</font><font style="FONT-WEIGHT: bold; DISPLAY: inline">.&#160;&#160; </font>Interest will be charged on the unpaid principal balance of this Note until the full amount of principal has been paid at a floating rate equal to the<font style="FONT-WEIGHT: bold; DISPLAY: inline">&#160;</font>Prime Rate plus <font style="FONT-WEIGHT: bold; DISPLAY: inline">4.25%</font> per annum<font style="FONT-WEIGHT: bold; DISPLAY: inline">.&#160;&#160;</font>As used herein, &#8220;Prime Rate&#8221; means<font style="FONT-WEIGHT: bold; DISPLAY: inline">&#160;</font>the rate publicly announced by PNC Bank, N.A. from time to time as its prime rate.&#160;&#160;The Prime Rate is determined from time to time by PNC Bank, N.A. as a means of pricing some loans to its borrowers.&#160;&#160;The Prime Rate is not tied to any external rate of interest or index, and does not necessarily reflect the lowest rate of interest actually charged by PNC Bank, N.A. to any particular class or category of customers.&#160;&#160;If and when the Prime Rate changes, the rate of interest on this Note will change automatically without notice to the Borrower, effective on the date of any such change.&#160;&#160;In no event will the rate of interest hereunder exceed the maximum rate allowed by law.</font></div>

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