AMENDED AND RESTATED REVOLVING CREDIT NOTERevolving Credit Note • August 10th, 2015 • 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”) (collectively, “Borrower”), jointly and severally promise to pay to the order of ACF FINCO I 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 principal sum of each Advance made by Lender to Borrower under that certain Amended and Restated Loan and Security Agreement dated as of September 22, 2014 between Borrower and Lender, as amended by a First Amendment dated on or about the date of this Note (together with all Exhibits and Schedules thereto, as the same may be subsequently amended, extended, restated or otherwise modified, the “Loan Agreement”). The aggregate unpaid principal balance hereof shall not exceed at any time the sum of
FIRST AMENDMENT TO THE AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT BETWEEN CASTLE BRANDS INC., CASTLE BRANDS (USA) CORP. AND ACF FINCO I LP DATED AS OF SEPTEMBER 22, 2014Loan and Security Agreement • August 10th, 2015 • Castle Brands Inc • Beverages • New York
This First Amendment to Amended and Restated Loan and Security Agreement (this “Agreement”) is dated as of August 7, 2015 and is by and among 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 ACF FINCO I LP, a Delaware limited partnership and successor-in-interest to KELTIC FINANCIAL PARTNERS II, LP (“Lender”).
REAFFIRMATION AGREEMENTReaffirmation Agreement • August 10th, 2015 • Castle Brands Inc • Beverages • New York
Lender, 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”), are parties to an Amended and Restated Loan and Security Agreement dated as of September 22, 2014 (the “Credit Agreement”), in connection with which Borrower delivered an Amended and Restated Revolving Credit Note dated September 22, 2014 in a maximum principal amount of $12,000,000 (the “Revolving Credit Note”), an Amended and Restated Term Note dated September 22, 2014 in the original principal amount of $4,000,000 (the “2014 Term Note”), an Amended and Restated Participation Agreement dated August 7, 2013 between Lender and the parties executing the same as “Participants” (the “Term Loan Participation Agreement”), a Subordination Agreement dated August 7, 2013, as amended by a First Amendment effective as of October 21, 2013 between Lend
