ASSET PURCHASE AGREEMENT by and among GREENLANE HOLDINGS, INC., WAREHOUSE GOODS LLC and SYNERGY IMPORTS LLC Dated as of May 1, 2024Asset Purchase Agreement • May 10th, 2024 • Greenlane Holdings, Inc. • Wholesale-durable goods, nec • Nevada
THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is made effective as of May 1, 2024, by and among Greenlane Holdings, Inc., a Delaware corporation (“Greenlane”), Warehouse Goods LLC, a Delaware limited liability company (“Warehouse,” and sometimes together with Greenlane, the “Seller Parties”), Synergy Imports LLC, a Nevada limited liability company (“Buyer”). The Seller Parties and Buyer are collectively referred to herein as the “Parties” and individually as a “Party.”
LOAN MODIFICATION AGREEMENTLoan Modification Agreement • May 10th, 2024 • Greenlane Holdings, Inc. • Wholesale-durable goods, nec
THIS LOAN MODIFICATION AGREEMENT (this “Agreement”) is entered into effective as of May 1, 2024 (the “Modification Effective Date”), by and among WAREHOUSE GOODS LLC, a Delaware limited liability company (“Borrower”), the guarantors listed on the signature pages hereto (each a “Guarantor” and collectively, the “Guarantors”; together with Borrower, each an “Obligor” and collectively, the “Obligors”), and SYNERGY IMPORTS LLC, a Nevada limited liability company (“Lender”). The Obligors and Lender are collectively referred to herein as the “Parties.”
AMENDED AND RESTATED SECURED PROMISSORY NOTESecured Promissory Note • May 10th, 2024 • Greenlane Holdings, Inc. • Wholesale-durable goods, nec • Nevada
FOR VALUE RECEIVED, and subject to the terms and conditions set forth herein, WAREHOUSE GOODS LLC, a Delaware limited liability company (“Borrower”), hereby unconditionally promises to pay to the order of SYNERGY IMPORTS LLC, a Nevada limited liability company, or its assigns (“Lender,” and together with Borrower, the “Parties”), the principal amount of TWO MILLION FOUR HUNDRED FIFTY-ONE THOUSAND TWO HUNDRED TWENTY-NINE AND 74/100ths DOLLARS ($2,487,542.24) (the “Loan”), in lawful money of the United States of America, together with all accrued interest thereon computed from the date of this Amended and Restated Secured Promissory Note (this “Note”), or so much thereof as is advanced pursuant to that certain Loan, Security and Pledge Agreement, dated the date hereof, between Borrower and Lender (as amended by that certain Loan Modification Agreement of even date herewith and as the same may be amended, modified, restated, replaced, supplemented or otherwise modified from time to time,
