PROMISSORY NOTEInnovative Food Holdings Inc • June 14th, 2022 • Wholesale-groceries, general line • Texas
FOR VALUE RECEIVED, INNOVATIVE FOOD HOLDINGS, INC., a Florida corporation, and INNOVATIVE FOOD PROPERTIES, LLC, a Delaware limited liability company (collectively, the “Borrower”), having an address at 28411 Race Track Road, Bonita Springs, FL 34135, hereby promises to pay to the order of MAPLEMARK BANK (together with its successors and assigns and any subsequent holders of this Promissory Note, the “Lender”), as hereinafter provided, the principal sum of TWO MILLION SIX HUNDRED EIGHTY THOUSAND AND 00/100 DOLLARS ($2,680,000), together with interest thereon at the Note Rate (as hereinafter defined), and otherwise in strict accordance with the terms and provisions hereof. This Promissory Note is a Note evidencing the Loan under the Loan Agreement.
PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • June 14th, 2022 • Innovative Food Holdings Inc • Wholesale-groceries, general line • Texas
THIS PLEDGE AND SECURITY AGREEMENT is entered into as of June 6, 2022 by and among INNOVATIVE FOOD HOLDINGS, INC., a Florida corporation (“IVFH”), and INNOVATIVE FOOD PROPERTIES, LLC, a Delaware limited liability company (“IVFP” and, collectively with IVFH, the “Borrower”), each of the parties set forth on the signature pages hereof (together with the Borrower, each a “Grantor” and, collectively, the “Grantors”), and MAPLEMARK BANK (together with its successors and assigns, the “Lender”) on behalf of itself and its Affiliates (“Secured Party”).
LOAN AGREEMENTLoan Agreement • June 14th, 2022 • Innovative Food Holdings Inc • Wholesale-groceries, general line • Texas
THIS LOAN AGREEMENT is made and entered into as of June 6, 2022 (the “Effective Date”) between MAPLEMARK BANK (together with its successors and assigns, the “Bank”), INNOVATIVE FOOD HOLDINGS, INC., a Florida corporation (“IVFH”), and INNOVATIVE FOOD PROPERTIES, LLC, a Delaware limited liability company (“IVFP” and, collectively with IVFH, the “Borrower”).
PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • June 14th, 2022 • Innovative Food Holdings Inc • Wholesale-groceries, general line • Texas
THIS PLEDGE AND SECURITY AGREEMENT is entered into as of June 6, 2022 by and among INNOVATIVE FOOD HOLDINGS, INC., a Florida corporation (the “Borrower”), each of the undersigned Guarantors (collectively with Borrower, the “Grantor”) and MAPLEMARK BANK (together with its successors and assigns, the “Lender”) on behalf of itself and its Affiliates (“Secured Party”).
MORTGAGE, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING made by INNOVATIVE FOOD HOLDINGS, INC., a Florida corporation, as Mortgagor to MAPLEMARK BANK as MortgageeInnovative Food Holdings Inc • June 14th, 2022 • Wholesale-groceries, general line • Illinois
THIS MORTGAGE, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT, AND FIXTURE FILING (this "Mortgage") is made as of June 6, 2022, by INNOVATIVE FOOD HOLDINGS, INC., a Florida corporation, whose mailing address is 28411 Race Track Road, Bonita Springs, FL 34135 ("Mortgagor"), to and for the benefit of MAPLEMARK BANK, whose mailing address is 4143 Maple Ave., Suite 100, Dallas, Texas 75219, together with its successors and assigns (collectively, "Mortgagee").
MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF RENTS AND LEASES AND FIXTURE FILINGMortgage, Security Agreement • June 14th, 2022 • Innovative Food Holdings Inc • Wholesale-groceries, general line
GUARANTY AGREEMENTGuaranty Agreement • June 14th, 2022 • Innovative Food Holdings Inc • Wholesale-groceries, general line • Texas
THIS GUARANTY AGREEMENT (this “Guaranty Agreement”) is executed as of June 6, 2022, by the undersigned (whether one or more, together with such Person’s permitted successors and permitted assigns, being hereinafter referred to as “Guarantor”), in favor of MAPLEMARK BANK (together with its successors and assigns, any subsequent holder(s) of the Note, being hereinafter referred to as “Lender”).
