SEVENTH LOAN MODIFICATION AGREEMENTLoan Modification Agreement • June 1st, 2023 • Molekule Group, Inc. • Industrial & commercial fans & blowers & air purifing equip • New York
This Seventh Loan Modification Agreement (this “Loan Modification Agreement”) is entered into as of May 31, 2023, by and among (a) SILICON VALLEY BANK, a division of First-Citizens Bank & Trust Company (successor by purchase to the Federal Deposit Insurance Corporation as Receiver for Silicon Valley Bridge Bank, N.A. (as successor to Silicon Valley Bank)), with its principal place of business at 3003 Tasman Drive, Santa Clara, California 95054 and with a loan production office located at 505 Howard Street, 3rd Floor, San Francisco, California 94105 (“Bank”), (b) (i) MOLEKULE, INC., a Delaware corporation, whose address is 1301 Folsom Street, San Francisco, California 94103 (“Molekule”), and (ii) MOLEKULE GROUP, INC., a Delaware corporation, whose address is 10455 Riverside Drive, Palm Beach Gardens, Florida 33410 (“Molekule Group”, and, together with Molekule, jointly and severally, individually and collectively, “Borrower”).
