MEMBERSHIP INTEREST PURCHASE AGREEMENT By and Among AJE MANAGEMENT, LLC (BUYER), GB SCIENCES LAS VEGAS, LLC, GB SCIENCES NEVADA, LLC and GB SCIENCES, INC. (SELLER) dated as of March 25, 2020Membership Interest Purchase Agreement • August 28th, 2020 • Gb Sciences Inc • Crude petroleum & natural gas • Nevada
This Membership Interest Purchase Agreement (this “Agreement”), dated as of March 25, 2020, is entered into by and among GB Sciences, Inc., a Nevada corporation (“Seller”), GB Sciences Las Vegas, LLC, a Nevada limited liability company (“GBSLV”), GB Sciences Nevada LLC, a Nevada limited liability company (“GBSNV” and, together with GBSLV, the “Teco Subsidiaries”), and AJE Management, LLC (“Buyer”).
GB SCIENCES LAS VEGAS, LLC GB SCIENCES NEVADA LLC 8% Promissory NotePromissory Note • August 28th, 2020 • Gb Sciences Inc • Crude petroleum & natural gas • Nevada
FOR VALUE RECEIVED, GB SCIENCES LAS VEGAS, LLC, a Nevada limited liability company (“GBS LV”), and GB SCIENCES NEVADA LLC, a Nevada limited liability company (“GBS NV” and together with GBS LV, collectively, the “Borrower”) with their principal executive offices at 3550 W. Teco Avenue, Las Vegas NV 89118, jointly and severally promise to pay to the order of AJE MANAGEMENT, LLC (the “Lender” or the “Holder of this Note”) or registered assigns, the principal amount of Four Hundred [Seventy] Thousand Dollars ($470,000) Dollars, or such lesser amount as shall equal the aggregate unpaid principal amount of the loans made by Lender to the Borrower hereunder (the “Principal Amount”), together with interest on such Principal Amount, on December 31, 2020 (the “Maturity Date”). Interest on this Promissory Note (this “Note”) shall accrue on the Principal Amount outstanding from time to time at a rate per annum computed in accordance with Section 2 hereof.
AMENDMENT TO PROMISSORY NOTEPromissory Note • August 28th, 2020 • Gb Sciences Inc • Crude petroleum & natural gas
THIS AMENDMENT TO PROMISSORY NOTE (this “Amendment”), dated as of October 23, 2019, is entered into by and among GB SCIENCES, INC., a Nevada corporation (“Borrower”), and CSW VENTURES, LP (“Lender”).
MANAGEMENT SERVICES AGREEMENTManagement Services Agreement • August 28th, 2020 • Gb Sciences Inc • Crude petroleum & natural gas • Nevada
THIS MANAGEMENT SERVICES AGREEMENT (this “Agreement”), effective as of December 6, 2019 (the “Effective Date”), is made by and between GB Sciences, Inc. a Nevada corporation (the “Company”), GB Sciences Las Vegas, LLC, a Nevada limited liability company (“GBS LV”), GB Sciences Nevada LLC, a Nevada limited liability company (“GBS LV” and together with GBS LV, the “Teco Subsidiaries”, and the Teco Subsidiaries together with the Company, the “GBS Parties”), and AJE Management, LLC, a California limited liability company (the “Manager”, and together with the GBS Parties, each a “Party” and collectively, the “Parties”).
LOAN AGREEMENTLoan Agreement • August 28th, 2020 • Gb Sciences Inc • Crude petroleum & natural gas • Nevada
THIS LOAN AGREEMENT (this “Agreement”), is entered into as of December 3, 2019 (the “Effective Date”), by and among GB Sciences Las Vegas, LLC, a Nevada limited liability company (“GBS LV”), GB Sciences Nevada LLC, a Nevada limited liability company (“GBS NV” and together with GBS LV, the “Borrowers”), and AJE Management LLC, a California limited liability company (the “Lender”).
SECOND AMENDMENT TO NOTE DOCUMENTSNote Amendment • August 28th, 2020 • Gb Sciences Inc • Crude petroleum & natural gas
THIS SECOND AMENDMENT TO NOTE DOCUMENTS (this “Amendment”), dated as of November 27, 2019, is made and entered into on the terms and conditions hereinafter set forth, by and among GB SCIENCES, INC., a Nevada corporation (“Borrower”), and CSW VENTURES, LP (“Lender”).
AMENDMENT TO NOTE DOCUMENTSNote Amendment • August 28th, 2020 • Gb Sciences Inc • Crude petroleum & natural gas
THIS AMENDMENT TO NOTE DOCUMENTS (this “Amendment”), dated as of July 12, 2019, is made and entered into on the terms and conditions hereinafter set forth, by and among GB SCIENCES, INC., a Nevada corporation (“Borrower”), and CSW VENTURES, LP (“Lender”).
