NOTE PURCHASE AGREEMENTNote Purchase Agreement • February 8th, 2012 • IZEA Holdings, Inc. • Services-advertising • New York
NOTE PURCHASE AGREEMENT (this “Agreement”), dated as of February 3, 2012, by and between IZEA, INC., a Nevada corporation ("Holdings"), and IZEA Innovations, Inc., a Nevada corporation ("IZEA") (collectively, the “Company”), and each of the lenders entities whose names appear on the signature pages hereof. Such lenders are each referred to herein as a “Lender” and, collectively, as the “Lenders”.
SENIOR SECURED PROMISSORY NOTESecurities Agreement • February 8th, 2012 • IZEA Holdings, Inc. • Services-advertising • New York
FOR VALUE RECEIVED, IZEA, INC., a Nevada corporation ("Holdings"), and IZEA Innovations, Inc., a Nevada corporation ("IZEA") (collectively, the “Maker” or the “Company”), with its primary offices located at 150 N. Orange Avenue, Suite 412, Orlando, Fl. 32801, jointly and severally, promise to pay to the order of Barry Honig and Michael Brauser (collectively, the “Payee”) or his or its registered assigns (with the Payee, the “Holder”), upon the terms set forth below, the principal sum of Five Hundred Fifty Thousand Dollars($550,000), (this “Note”). The Payee may deduct $3,500 from the $500,000 being loaned hereunder to reimburse the Payee for his legal fees.
SECURITY AGREEMENTSecurity Agreement • February 8th, 2012 • IZEA Holdings, Inc. • Services-advertising • New York
