LOAN AND SECURITY AGREEMENT AMONG JMB CAPITAL PARTNERS LENDING, LLC, THE “LENDER” AND AQUABOUNTY TECHNOLOGIES, INC., A DELAWARE CORPORATION AQUABOUNTY FARMS, INC., A DELAWARE CORPORATION AQUABOUNTY FARMS INDIANA LLC, A DELAWARE LIMITED LIABILITY...Loan and Security Agreement • April 19th, 2024 • Aquabounty Technologies Inc • Fishing, hunting and trapping • New York
This LOAN AND SECURITY AGREEMENT (this “Agreement”) is made as of April 18, 2024 (the “Effective Date”) among JMB CAPITAL PARTNERS LENDING, LLC, with its principal place of business located at 205 South Martel Avenue, Los Angeles, CA 90036 (together with its successors and/or assigns, the “Lender”), and AQUABOUNTY TECHNOLOGIES, INC., a Delaware corporation, with its principal place of business located at 233 Ayer Road, Suite 4 Harvard, MA 01451 (the “Topco Borrower”), AQUABOUNTY FARMS, INC., a Delaware corporation, with its principal place of business located at 233 Ayer Road, Suite 4 Harvard, MA 01451 (the “Intermediate Borrower”), AQUABOUNTY FARMS INDIANA LLC, a Delaware limited liability company, with its principal place of business located at 233 Ayer Road, Suite 4 Harvard, MA 01451 (the “Indiana Borrower”), AQUABOUNTY FARMS OHIO LLC, an Ohio limited liability company, with its principal place of business located at 233 Ayer Road, Suite 4 Harvard, MA 01451 (the “Ohio Borrower” and
