SECURITY AGREEMENTSecurity Agreement • May 16th, 2019 • Mount TAM Biotechnologies, Inc. • Tobacco products • California
THIS SECURITY AGREEMENT (this “Agreement”) by and between Mount Tam Biotechnologies, Inc., a Nevada corporation (the “Debtor”) on the one hand, and Fromar Investments, LP, a Delaware limited partnership, on the other hand (“Secured Party”) is effective as of May 1, 2019. In consideration of the financial accommodations extended to the Debtor by the Secured Party, the Debtor hereby agrees that the Secured Party shall have all of the rights given herein against the Debtor in addition to those given by law or by Line of Credit Agreement dated on or about the date hereof between the Debtor and the Secured Party, as amended (the “Loan Agreement”), the Promissory Note issued by the Debtor to the Secured Party on or about the date hereof, as amended (the “Note”), or any other agreement or document underlying the Liabilities:
LINE OF CREDIT AGREEMENTLine of Credit Agreement • May 16th, 2019 • Mount TAM Biotechnologies, Inc. • Tobacco products • California
THIS LINE OF CREDIT AGREEMENT (the “Agreement”) is effective this 10th day of May, 2019 (the “Effective Date”), by and between Fromar Investments, LP, a Delaware limited partnership (the “Lender”), and Mount Tam Biotechnologies, Inc., a Nevada corporation (the “Borrower”).
INTERCREDITOR AGREEMENTIntercreditor Agreement • May 16th, 2019 • Mount TAM Biotechnologies, Inc. • Tobacco products
This Intercreditor Agreement (“Agreement”) is entered into as of the 1st day of May, 2019, by and among Mount Tam Biotechnologies, Inc., a Nevada corporation (“Borrower”), Fromar Investments, LP, a Delaware limited partnership (“Fromar”), and Climate Change Investigation, Innovation and Investment Company, LLC, a California limited liability company (“CC3IC”). Fromar and CC3IC are jointly referred to herein as the “Creditors”.
