THIRD AMENDMENT TO THE LOAN AND SECURITY AGREEMENT BETWEEN CASTLE BRANDS INC., CASTLE BRANDS (USA) CORP. AND KELTIC FINANCIAL PARTNERS II, LP DATED AS OF AUGUST 19, 2011Loan and Security Agreement • August 9th, 2013 • Castle Brands Inc • Beverages • New York
CASTLE BRANDS INC., a corporation organized under the laws of the State of Florida (“CBI”) and CASTLE BRANDS (USA) CORP. a corporation organized under the laws of the State of Delaware (“CBUSA”) (individually and collectively, “Borrower”) and KELTIC FINANCIAL PARTNERS II, LP, a Delaware limited partnership (“Lender”), are parties to a Loan and Security Agreement dated as of August 19, 2011, as amended by a First Amendment dated as of July 23, 2012, and by a Second Amendment dated as of March 11, 2013 (as so amended, the “Credit Agreement”), in connection with which Borrower delivered an Amended and Restated Revolving Credit Note dated March 11, 2013 in a maximum principal amount of $8,000,000 (the “Revolving Credit Note”), a Term Note dated March 11, 2013 in the original principal amount of $2,500,000 (the “Term Note”) and other agreements, documents and instruments in connection therewith (all of the foregoing, as the same may be amended, restated, or otherwise modified from time to t
LOAN AGREEMENTLoan Agreement • August 9th, 2013 • Castle Brands Inc • Beverages • New York
THIS LOAN AGREEMENT (this “Agreement”), dated as of August 7, 2013, is entered into by and between Castle Brands Inc., a Florida corporation (“Borrower ”), and the lending parties set forth on the signature pages attached hereto (individually a “Lender” and collectively, the “Lenders”).
AMENDED AND RESTATED TERM NOTETerm Note • August 9th, 2013 • Castle Brands Inc • Beverages
FOR VALUE RECEIVED, CASTLE BRANDS INC., a corporation organized under the laws of the State of Florida (“CBI”) and CASTLE BRANDS (USA) CORP. a corporation organized under the laws of the State of Delaware (“CBUSA”) (individually and collectively, “Borrower”), jointly and severally promise to pay to the order of KELTIC FINANCIAL PARTNERS II, LP, a Delaware limited partnership (“Lender”), at 580 White Plains Road, Suite 610, Tarrytown, New York 10591 or at such other place as Lender may from time to time in writing designate, the aggregate principal sum advanced to Borrower under this Term Note, which aggregate principal amount shall not exceed FOUR MILLION AND 00/100 DOLLARS ($4,000,000.00) as provided below. Unless defined herein, capitalized terms shall have the meanings given such terms in the Loan and Security Agreement between Borrower and Lender dated as of August 19, 2011, as amended by a First Amendment dated as of July 23, 2012, by a Second Amendment dated March 11, 2013, and b
REAFFIRMATION AGREEMENTReaffirmation Agreement • August 9th, 2013 • Castle Brands Inc • Beverages • New York
THIS REAFFIRMATION AGREEMENT (this “Agreement”) is made as of August 7, 2013, by the undersigned in favor of KELTIC FINANCIAL PARTNERS II, LP (“Lender”).
