AVENIR WELLNESS SOLUTIONS, INC. SENIOR SECURED PROMISSORY NOTE AND SECURITY AGREEMENTNote and Security Agreement • January 12th, 2024 • Avenir Wellness Solutions, Inc. • Pharmaceutical preparations • California
FOR VALUE RECEIVED, AVENIR WELLNESS SOLUTIONS, INC., a Delaware corporation (the “Company”), promises to pay to the order of NANCY DUITCH (the “Holder”) the principal amount of $250,000 (the “Principal Amount”) consisting of: (i) the initial principal amount of $39,000 (the “Initial Principal Amount”); (ii) the future cash advances (the “Future Advances”); and (iii) the outstanding balances of the Holder’s personal credit cards on which the Company has exclusive use (i.e. currently American Express -4009 and Chase Visa -7056 or their replacements) (the “Authorized Credit Cards”) upon the terms and subject to the conditions set forth herein. This note is known as the Secured Promissory Note and Security Agreement (the “Note”). The Note is intended to provide financing to the Company and a senior secured interest in the Company’s property to the Holder as described below.
