SECURITY AGREEMENTSecurity Agreement • November 12th, 2015 • Cyanotech Corp • Medicinal chemicals & botanical products • Hawaii
THIS SECURITY AGREEMENT ("Security Agreement") made on July 30, 2015 by and between CYANOTECH CORPORATION, a Nevada corporation, whose mailing address is 73-4460 Queen Kaahumanu Highway, Suite 102, Kailua-Kana, Hawaii 96740 (hereafter called the "Debtor"), and FIRST FOUNDATION BANK, a California corporation, whose mailing address is 18101 Von Karman Avenue, Suite 750, Irvine, California 92612 (hereafter called the "Secured Party"),
HAZARDOUS SUBSTANCES CERTIFICATE AND INDEMNITY AGREEMENTHazardous Substances Certificate and Indemnity Agreement • November 12th, 2015 • Cyanotech Corp • Medicinal chemicals & botanical products • Hawaii
THIS CERTIFICATE AND INDEMNITY is made in connection with and as partial consideration for the making of a loan in the principal amount of $2,500,000.00 (the "Loan") by FIRST FOUNDATION BANK, a California corporation ("Lender"), to CYANOTECH CORPORATION, a Nevada corporation, and NUTREX HAWAII, INC., a Hawaii corporation (individually and collectively, "Borrower"), and secured by property owned by CYANOTECH CORPORATION ("Mortgagor") (the Borrower and Mortgagor being hereafter individually and collectively referred to as the "Indemnitor").
PROMISSORY NOTEPromissory Note • November 12th, 2015 • Cyanotech Corp • Medicinal chemicals & botanical products
FOR VALUE RECEIVED, the undersigned, CYANOTECH CORPORATION, a Nevada corporation, and NUTREX HAWAII, INC., a Hawaii corporation (individually and collectively, "Borrower"), promise to pay FIRST FOUNDATION BANK, a California corporation ("Bank") or order, the principal sum of TWO MILLION FIVE HUNDRED THOUSAND AND N0/100 DOLLARS ($2,500,000.00) or so much thereof as is disbursed, with interest on the unpaid principal balance from the date of disbursement under this Note, until paid, at the rate specified below. All payments shall be payable at Two Waterfront Plaza,
TERM LOAN AGREEMENTTerm Loan Agreement • November 12th, 2015 • Cyanotech Corp • Medicinal chemicals & botanical products • Hawaii
THIS AGREEMENT, is made on July 30, 2015, by and between FIRST FOUNDATION BANK, a California corporation, whose mailing address is 18101 Von Karman Avenue, Suite 750, Irvine, California 92612 (the "Lender"), and CYANOTECH CORPORATION, a Nevada corporation, and NUTREX HAWAII, INC., a Hawaii corporation, both of whose mailing address is 73-4460 Queen Kaahumanu Highway, Suite 102, Kailua-Kona, Hawaii 96740 (individually and collectively, the "Borrower");
