LOAN AND SECURITY AGREEMENTLoan and Security Agreement • July 25th, 2008 • Parlux Fragrances Inc • Perfumes, cosmetics & other toilet preparations
This LOAN AND SECURITY AGREEMENT dated as of July 22, 2008 (the “Agreement”), is executed by and between PARLUX FRAGRANCES, INC., a Delaware corporation (“PFI”), which has its chief executive office located at 5900 North Andrews Avenue, Suite 500, Fort Lauderdale, Florida 33309, PARLUX LTD., a New York corporation (“LTD.”), which has its chief executive office located at 5900 North Andrews Avenue, Suite 500, Fort Lauderdale, Florida 33309 (individually and/or collectively, the “Borrower”), and REGIONS BANK, an Alabama banking corporation (the “Bank”), whose address is 100 S.E. Third Avenue, 17th Floor, Fort Lauderdale, Florida 33394.
