AMENDMENT NO. 5 TO SECURED PROMISSORY NOTE AND SECURITY AGREEMENTSecured Promissory Note and Security Agreement • January 20th, 2021 • Charlie's Holdings, Inc. • Medicinal chemicals & botanical products • California
This AMENDMENT NO. 5 TO SECURED PROMISSORY NOTE AND SECURITY AGREEMENT (this “Amendment”), effective as of January 1, 2020, is made by and between Charlie’s Holdings, Inc., a Nevada corporation (“Holdings”), Charlie’s Chalk Dust, LLC, a Delaware limited liability company (“Chalk Dust”), and Don Polly LLC, a Nevada limited liability company (“Don Polly”, and together with Holdings and Chalk Dust, individually and collectively, “Company”), on the one hand, and Red Beard Holdings, LLC, a Delaware limited liability company (“Red Beard”) on the other. Company and Red Beard are sometimes collectively referred to herein as the “Parties” and each individually as a “Party”.
