Standard Contracts
JUDGMENT SETTLEMENT AGREEMENTJudgment Settlement Agreement • July 6th, 2021 • Gb Sciences Inc • Crude petroleum & natural gas • Utah
This Judgment Settlement Agreement (this “Agreement”) is entered into as of November 20, 2020 (the “Effective Date”) by and among Iliad Research and Trading, L.P., a Utah limited partnership (“Lender”), GB Sciences, Inc., a Nevada corporation (“Borrower”), and solely with respect to Section 3 below, Wellcana Plus LLC, a Louisiana limited liability company (“Wellcana”). Capitalized terms used in this Agreement without definition shall have the meanings given to them in the Note (defined below). Each of Borrower and Lender is sometimes referred to herein individually as a “Party” and collectively as the “Parties.”
INDEMNIFICATION AGREEMENTIndemnification Agreement • July 6th, 2021 • Gb Sciences Inc • Crude petroleum & natural gas
This Indemnification Agreement (the “Agreement”) is made by and between Edmond A. DeFrank (the “Director”) and GB Sciences, Inc., a Nevada corporation (the “Company”) (jointly the “Parties”).
AMENDMENT NO. 2 TO MEMBERSHIP INTEREST PURCHASE AGREEMENTMembership Interest Purchase Agreement • July 6th, 2021 • Gb Sciences Inc • Crude petroleum & natural gas
THIS AMENDMENT NO. 2 TO MEMBERSHIP INTEREST PURCHASE AGREEMENT (this “Amendment”), dated as of July 24, 2020, is made and entered into, by and between GB Sciences, Inc. a Nevada corporation (the “Seller”), 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 and the Seller, the “GBS Parties”), and AJE Management, LLC, a California limited liability company (the “Buyer”, and together with the GBS Parties, each a “Party” and collectively, the “Parties”).
ContractMembership Interest Purchase Agreement • July 6th, 2021 • Gb Sciences Inc • Crude petroleum & natural gas • Nevada
THIS MEMBERSHIP INTEREST PURCHASE AGREEMENT (the “Agreement”) is made this 10th day of August, 2020 (the “Effective Date”), by and among GB Sciences Nopah, LLC, a Nevada limited liability company (“Nopah” or “Company”), and GB Sciences, Inc., a Nevada Corporation and Nopah 5, LLC, a Nevada limited liability company (each a “Founding Member” and collectively, the “Founding Members” and together with Nopah, collectively, the “Seller”), and 483 Management, LLC, a Nevada limited liability company, or its assigns (collectively, the “Buyer”). Sellers and Buyer are collectively referred to herein as the “Parties” and individually as a “Party”.
OMNIBUS AMENDMENTMembership Interest Purchase Agreement • July 6th, 2021 • Gb Sciences Inc • Crude petroleum & natural gas
THIS OMNIBUS AMENDMENT (this “Amendment”), dated as of December 29, 2020, is made and entered into, by and between GB Sciences, Inc. a Nevada corporation (the “Seller”), 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 and the Seller, the “GBS Parties”), AJE Management, LLC, a California limited liability company (the “Buyer”), and CSW Ventures, LP (“CSW” and, together with the Buyer, and the GBS Parties, each a “Party” and collectively, the “Parties”).
AMENDMENT TO MEMBERSHIP INTEREST PURCHASE AGREEMENTMembership Interest Purchase Agreement • July 6th, 2021 • Gb Sciences Inc • Crude petroleum & natural gas
This Amendment to that certain Membership Interest Purchase Agreement (the "Amendment") with an effective date of January 1, 2020 by and among Wellcana Plus, LLC, a Louisiana limited liability company ("Purchaser"), GB Sciences, Inc. a Nevada corporation ("Seller"), GB Sciences Louisiana, LLC, a Louisiana limited liability company (the "Company"), and Wellcana Group, LLC, a Louisiana limited liability company ("WGC").
INDEMNIFICATION AGREEMENTIndemnification Agreement • July 6th, 2021 • Gb Sciences Inc • Crude petroleum & natural gas
This Indemnification Agreement (the “Agreement”) is made by and between Zach Swarts (the “Officer”) and GB Sciences, Inc., a Nevada corporation (the “Company”) (jointly the “Parties”).
LOAN AGREEMENTLoan Agreement • July 6th, 2021 • Gb Sciences Inc • Crude petroleum & natural gas • Nevada
THIS LOAN AGREEMENT (this “Agreement”), is entered into as of July 24, 2020 (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”).
GB SCIENCES LAS VEGAS, LLC GB SCIENCES NEVADA LLC Secured 8% Promissory NoteSecured Promissory Note • July 6th, 2021 • 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 Five Hundred Thousand Dollars ($500,000) 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 July 31, 2021 (the “Maturity Date”). Interest on this Secured 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.
INDEMNIFICATION AGREEMENTIndemnification Agreement • July 6th, 2021 • Gb Sciences Inc • Crude petroleum & natural gas
This Indemnification Agreement (the “Agreement”) is made by and between Andrea Small-Howard (the “Director”) and GB Sciences, Inc., a Nevada corporation (the “Company”) (jointly the “Parties”).
MANAGEMENT SERVICES AGREEMENTManagement Services Agreement • July 6th, 2021 • Gb Sciences Inc • Crude petroleum & natural gas • Nevada
THIS MANAGEMENT SERVICES AGREEMENT (this “Agreement”), effective as of August 10, 2020 (the “Effective Date”), is made by and between GB Sciences, Inc. a Nevada corporation (the “Company”), GB Sciences Nopah LLC, a Nevada limited liability company (“Nopah”), Nopah 5, LLC, a Nevada limited liability company (together with the Company and Nopah the “Nopah Parties”), and 483 Management, LLC, a Nevada limited liability company (the “Manager”, and together with the Nopah Parties, each a “Party” and collectively, the “Parties”).
INDEMNIFICATION AGREEMENTIndemnification Agreement • July 6th, 2021 • Gb Sciences Inc • Crude petroleum & natural gas
This Indemnification Agreement (the “Agreement”) is made by and between Leslie Bocskor (the “Director”) and GB Sciences, Inc., a Nevada corporation (the “Company”) (jointly the “Parties”).
PROMISSORY NOTE MODIFICATION AGREEMENTPromissory Note Modification Agreement • July 6th, 2021 • Gb Sciences Inc • Crude petroleum & natural gas • Nevada
THIS PROMISSORY NOTE MODIFICATION AGREEMENT (this “Modification”), dated this 10th day of August, 2020 (the “Effective Date”), is entered into by GB SCIENCES, INC. (the “Company”), and 483 MANAGEMENT, LLC (“483”).
SECURITY AGREEMENTSecurity Agreement • July 6th, 2021 • Gb Sciences Inc • Crude petroleum & natural gas • Nevada
This Security Agreement (this “Agreement”) is made and entered into effective as of July 24, 2020, by GB SCIENCES NEVADA LLC, a Nevada limited liability company (“GBSN”) and GB SCIENCES LAS VEGAS LLC, a Nevada limited liability company (“GBSLV” and, together with GBSN, each a “Grantor”), in favor of AJE MANAGEMENT, LLC (“Secured Party”).
INDEMNIFICATION AGREEMENTIndemnification Agreement • July 6th, 2021 • Gb Sciences Inc • Crude petroleum & natural gas
This Indemnification Agreement (the “Agreement”) is made by and between John Poss (the “Director”) and GB Sciences, Inc., a Nevada corporation (the “Company”) (jointly the “Parties”).
AMENDMENT TO MEMBERSHIP INTEREST PURCHASE AGREEMENTMembership Interest Purchase Agreement • July 6th, 2021 • Gb Sciences Inc • Crude petroleum & natural gas
THIS AMENDMENT TO MEMBERSHIP INTEREST PURCHASE AGREEMENT(this “Amendment”), dated as of May 11, 2020, is made and entered into, by and between GB
