SECURITY AGREEMENT INCLUDING A PROVISION FOR FUTURE ADVANCESSecurity Agreement • November 3rd, 2017 • Acacia Diversified Holdings, Inc. • Wholesale-motor vehicles & motor vehicle parts & supplies • Florida
For good and valuable consideration the receipt and sufficiency of which is hereby acknowledged including without limitation the agreement that Secured Party has loaned to the parent corporation of Debtor the monies in the amounts and on the terms contained in the Consolidated Promissory Note in the original principal amount of $558,400.00 dated as of September 27, 2017 made by the parent corporation of Debtor payable to Secured Party (“Consolidated Promissory Note”) and as contained in this Security Agreement and to secure payment and performance of the obligations of the parent corporation of Debtor: (i) under the Consolidated Promissory Note, plus interest and any extensions, future advances, renewals, modifications or novations thereof (the “Note”); (2) the other documents given by the parent corporation of Debtor to Secured Party (“Documents”); (iii) any other obligations of the parent corporation of Debtor to Secured Party; and (iv) all costs and expenses incurred by Secured Part
CONSOLIDATED LOAN AGREEMENTConsolidated Loan Agreement • November 3rd, 2017 • Acacia Diversified Holdings, Inc. • Wholesale-motor vehicles & motor vehicle parts & supplies
This Consolidated Loan Agreement (“Agreement”) is dated as of September 25, 2017 by and between Acacia Diversified Holdings, Inc., a Texas corporation (“Acacia”) and Richard K. Pertile, individually (“Pertile”).
