LOAN AND SECURITY AGREEMENT by and between NEXT BANK INTERNATIONAL, INC., as Borrower, and savi capital partners LLC, as Lender Dated: May 31, 2022Loan and Security Agreement • October 11th, 2022 • NextPlay Technologies Inc. • Services-business services, nec • Florida
THIS LOAN AND SECURITY AGREEMENT (as further defined in Section 1.1 below, this “Agreement”) is entered into as of May 31, 2022, by and between (i) NEXT BANK INTERNATIONAL, INC., a corporation organized under the laws of Puerto Rico (“Borrower”), and SAVI CAPITAL PARTNERS LLC, a Delaware limited liability company (together with its successors and assigns, “Lender”).
FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • October 11th, 2022 • NextPlay Technologies Inc. • Services-business services, nec
This FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”), dated as of September 27, 2022, is made between NEXT BANK INTERNATIONAL, INC., a corporation organized under the laws of Puerto Rico (“Borrower”), and SAVI CAPITAL PARTNERS, LLC, a Delaware limited liability company (together with its successors and assigns, “Lender”).
AMENDED AND RESTATED REVOLVING CREDIT NOTENextPlay Technologies Inc. • October 11th, 2022 • Services-business services, nec
This Amended and Restated Revolving Credit Note (this “Revolving Credit Note”) shall bear interest on the unpaid principal amount hereof from time to time outstanding from the date hereof until the Maturity Date, or until maturity due to acceleration or otherwise and, after maturity, until paid, at the rates per annum and upon the terms specified in the Loan Agreement. Accrued interest on the Loans shall be due and payable and shall be made by Borrower to Lender in accordance with Section 2.2 of the Loan Agreement. Interest payments on the Loans shall be computed using the interest rate then in effect pursuant to the Loan Agreement and based on the outstanding principal balance of the Loans. Upon maturity, the outstanding principal balance of the Loans shall be immediately due and payable, together with any remaining accrued interest thereon.
