GUARANTY (Corporate)Guaranty • July 31st, 2007 • Nutrition 21 Inc • Biological products, (no disgnostic substances) • New York
FOR VALUE RECEIVED, and in consideration of loans made or to be made or credit otherwise extended or to be extended by GERBER FINANCE INC. (“Lender”) to or for the account of NUTRITION 21, INC. and ICELAND HEALTH, INC. (collectively “Borrower”) from time to time and at any time and for other good and valuable consideration and to induce Lender, in its discretion, to make such loans or extensions of credit and to make or grant such renewals, extensions, releases of collateral or relinquishments of legal rights as Lender may deem advisable, the undersigned (and each of them if more than one, the liability under this Guaranty being joint and several) (jointly and severally referred to as “Guarantor” or “the undersigned”) unconditionally guaranties to Lender, its successors, endorsees and assigns the prompt payment when due (whether by acceleration or otherwise) of all present and future obligations and liabilities of any and all kinds of Borrower to Lender and of all instruments of any na
LOAN AND SECURITY AGREEMENT GERBER FINANCE INC. as Lender and NUTRITION 21, INC., NUTRITION 21, LLC, and ICELAND HEALTH LLC as Co-Borrowers Dated: June 30, 2007Loan and Security Agreement • July 31st, 2007 • Nutrition 21 Inc • Biological products, (no disgnostic substances) • New York
This Loan and Security Agreement is made as of June 30, 2007 by and between GERBER FINANCE INC., a New York corporation (“Lender”) and NUTRITION 21, INC., a New York corporation, NUTRITION 21, LLC, a New York limited liability company, and ICELAND HEALTH LLC, a New York company, (collectively “Borrower”). Each Borrower shall be jointly and severally liable for all Obligations arising under this Agreement.
