LOAN AND SECURITY AGREEMENTLoan and Security Agreement • March 28th, 2013 • Inventure Foods, Inc. • Miscellaneous food preparations & kindred products • Arizona
THIS LOAN AND SECURITY AGREEMENT (as amended, modified, supplemented, renewed or restated from time to time, the “Agreement”) is made as of March 22, 2013, between INVENTURE FOODS, INC., a Delaware corporation, (“Inventure”), and BN FOODS INC., a Colorado corporation, BOULDER NATURAL FOODS, INC., an Arizona corporation, LA COMETA PROPERTIES, INC., an Arizona corporation, POORE BROTHERS - BLUFFTON, LLC, a Delaware limited liability company, RADER FARMS, INC., a Delaware corporation, and TEJAS PB DISTRIBUTING, INC., an Arizona corporation, (together with Inventure, each a “Borrower” and collectively, “Borrower”, as the context may require), and U.S. BANK NATIONAL ASSOCIATION, a national banking association (“U.S. Bank”).
TERM NOTE DTerm Note • March 28th, 2013 • Inventure Foods, Inc. • Miscellaneous food preparations & kindred products
FOR VALUE RECEIVED, the undersigned INVENTURE FOODS, INC., a Delaware corporation, and BN FOODS INC., a Colorado corporation, BOULDER NATURAL FOODS, INC., an Arizona corporation, LA COMETA PROPERTIES, INC., an Arizona corporation, POORE BROTHERS - BLUFFTON, LLC, a Delaware limited liability company, RADER FARMS, INC., a Delaware corporation, and TEJAS PB DISTRIBUTING, INC., an Arizona corporation, (each a “Borrower” and collectively, “Borrower”, as the context may require), promises to pay to the order of U.S. Bank National Association, a national banking association (hereinafter referred to as “U.S. Bank”) at 950 Seventeenth Street, 7th Floor, Denver, Colorado 80202, or at such other place as U.S. Bank may designate, in lawful money of the United States of America, the principal sum of Four Million Dollars $4,000,000 or so much thereof as may be advanced and be outstanding, together with interest on any and all principal amounts outstanding calculated in accordance with the provisions
TERM NOTE BTerm Note • March 28th, 2013 • Inventure Foods, Inc. • Miscellaneous food preparations & kindred products
FOR VALUE RECEIVED, the undersigned INVENTURE FOODS, INC., a Delaware corporation, and BN FOODS INC., a Colorado corporation, BOULDER NATURAL FOODS, INC., an Arizona corporation, LA COMETA PROPERTIES, INC., an Arizona corporation, POORE BROTHERS - BLUFFTON, LLC, a Delaware limited liability company, RADER FARMS, INC., a Delaware corporation, and TEJAS PB DISTRIBUTING, INC., an Arizona corporation, (each a “Borrower” and collectively, “Borrower”, as the context may require), promises to pay to the order of U.S. Bank National Association, a national banking association (hereinafter referred to as “U.S. Bank”) at 950 Seventeenth Street, 7th Floor, Denver, Colorado 80202, or at such other place as U.S. Bank may designate, in lawful money of the United States of America, the principal sum of Dollars ($ ) or so much thereof as may be advanced and be outstanding, together with interest on any and all principal amounts outstanding calculated in accordance with the provisions set forth below. T
TERM NOTE ATerm Note • March 28th, 2013 • Inventure Foods, Inc. • Miscellaneous food preparations & kindred products
FOR VALUE RECEIVED, the undersigned INVENTURE FOODS, INC., a Delaware corporation, and BN FOODS INC., a Colorado corporation, BOULDER NATURAL FOODS, INC., an Arizona corporation, LA COMETA PROPERTIES, INC., an Arizona corporation, POORE BROTHERS - BLUFFTON, LLC, a Delaware limited liability company, RADER FARMS, INC., a Delaware corporation, and TEJAS PB DISTRIBUTING, INC., an Arizona corporation, (each a “Borrower” and collectively, “Borrower”, as the context may require), promises to pay to the order of U.S. Bank National Association, a national banking association (hereinafter referred to as “U.S. Bank”) at 950 Seventeenth Street, 7th Floor, Denver, Colorado 80202, or at such other place as U.S. Bank may designate, in lawful money of the United States of America, the principal sum of Eight Million Five Hundred Thousand Dollars ($8,500,000) or so much thereof as may be advanced and be outstanding, together with interest on any and all principal amounts outstanding calculated in accor
LINE OF CREDIT NOTELine of Credit Note • March 28th, 2013 • Inventure Foods, Inc. • Miscellaneous food preparations & kindred products
FOR VALUE RECEIVED, the undersigned INVENTURE FOODS, INC., a Delaware corporation, and BN FOODS INC., a Colorado corporation, BOULDER NATURAL FOODS, INC., an Arizona corporation, LA COMETA PROPERTIES, INC., an Arizona corporation, POORE BROTHERS - BLUFFTON, LLC, a Delaware limited liability company, RADER FARMS, INC., a Delaware corporation, and TEJAS PB DISTRIBUTING, INC., an Arizona corporation, (each a “Borrower” and collectively, “Borrower”, as the context may require), promises to pay to the order of U.S. Bank National Association, a national banking association (hereinafter referred to as “U.S. Bank”) at 950 Seventeenth Street, 7th Floor, Denver, Colorado 80202, or at such other place as U.S. Bank may designate, in lawful money of the United States of America, the principal sum of Thirty Million Dollars ($30,000,000) or so much thereof as may be advanced and be outstanding, together with interest on any and all principal amounts outstanding calculated in accordance with the provi
TERM NOTE CTerm Note • March 28th, 2013 • Inventure Foods, Inc. • Miscellaneous food preparations & kindred products
FOR VALUE RECEIVED, the undersigned INVENTURE FOODS, INC., a Delaware corporation, and BN FOODS INC., a Colorado corporation, BOULDER NATURAL FOODS, INC., an Arizona corporation, LA COMETA PROPERTIES, INC., an Arizona corporation, POORE BROTHERS - BLUFFTON, LLC, a Delaware limited liability company, RADER FARMS, INC., a Delaware corporation, and TEJAS PB DISTRIBUTING, INC., an Arizona corporation, (each a “Borrower” and collectively, “Borrower”, as the context may require), promises to pay to the order of U.S. Bank National Association, a national banking association (hereinafter referred to as “U.S. Bank”) at 950 Seventeenth Street, 7th Floor, Denver, Colorado 80202, or at such other place as U.S. Bank may designate, in lawful money of the United States of America, the principal sum of Six Million Dollars $6,000,000 or so much thereof as may be advanced and be outstanding, together with interest on any and all principal amounts outstanding calculated in accordance with the provisions
