AMENDED AND RESTATED CREDIT AGREEMENT by and between FitLife Brands, Inc. and First-Citizens Bank & Trust Company Dated as of February 23, 2023Credit Agreement • March 1st, 2023 • Fitlife Brands, Inc. • Medicinal chemicals & botanical products • Nebraska
GUARANTY AGREEMENTGuaranty Agreement • March 1st, 2023 • Fitlife Brands, Inc. • Medicinal chemicals & botanical products • Nebraska
THIS GUARANTY AGREEMENT (this “Guaranty”) dated as of February 23, 2023, is made by NDS NUTRITION PRODUCTS, INC., a Florida corporation (“NDS”), ISATORI, INC., a Delaware corporation (“II”), and 1000374984 ONTARIO INC., a corporation existing under the laws of Ontario (“Ontario” and, with NDS and II, the “Guarantors”), to FIRST-CITIZENS BANK & TRUST COMPANY (the “Bank”).
AMENDED AND RESTATED SECURITY AGREEMENTSecurity Agreement • March 1st, 2023 • Fitlife Brands, Inc. • Medicinal chemicals & botanical products
THIS AMENDED AND RESTATED SECURITY AGREEMENT (this “Agreement”) dated as of February 23, 2023, is made by FITLIFE BRANDS, INC., a Nevada corporation (“Borrower”), NDS NUTRITION PRODUCTS, INC., a Florida corporation (“NDS”), ISATORI, INC., a Delaware corporation (“II”), and 1000374984 ONTARIO INC., a corporation existing under the laws of Ontario (“Ontario” and, with NDS and II, the “Guarantors”; the Guarantors and Borrower, collectively, jointly and severally, the “Debtor”), to FIRST-CITIZENS BANK & TRUST COMPANY (the “Bank”).
TERM NOTETerm Note • March 1st, 2023 • Fitlife Brands, Inc. • Medicinal chemicals & botanical products
FOR VALUE RECEIVED, the undersigned, FITLIFE BRANDS, INC., a Nevada corporation (the “Borrower”), hereby promises to pay to the order of FIRST-CITIZENS BANK & TRUST COMPANY, or registered assigns (the “Bank”), the principal sum of TWELVE MILLION FIVE HUNDRED THOUSAND AND 00/100THS DOLLARS ($12,500,000.00), together with accrued interest thereon, in accordance with the provisions of that Amended and Restated Credit Agreement dated as of February 23, 2023 between Borrower and Bank (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein defined).
