SUBORDINATED CREDIT AGREEMENT dated as of September 3, 2021 between LOCAL BOUNTI CORPORATION and CERTAIN SUBSIDIARIES THEREOF, as Borrowers, and CARGILL FINANCIAL SERVICES INTERNATIONAL, INC., as LenderSubordinated Credit Agreement • September 3rd, 2021 • Leo Holdings III Corp. • Agricultural production-crops • New York
This Agreement is entered into as of September 3, 2021 by and among LOCAL BOUNTI CORPORATION, a Delaware corporation which, as of the Qualified SPAC Transaction Effective Date (and after giving effect to the mergers contemplated under the SPAC Merger Agreement), will be renamed Local Bounti Operating Company LLC, a Delaware limited liability company (the “Company”), each Subsidiary of the Company identified as a “Borrower” on the signature pages hereto (each such Subsidiary, a “Subsidiary Borrower”; all Subsidiary Borrowers, together with the Company and with any Person subsequently joining in this Agreement as a borrower pursuant to Section 5.14 hereof, collectively, the “Borrowers”), and CARGILL FINANCIAL SERVICES INTERNATIONAL, INC., a Delaware corporation (the “Lender”).
WARRANT AGREEMENTWarrant Agreement • September 3rd, 2021 • Leo Holdings III Corp. • Agricultural production-crops • Delaware
THIS WARRANT AGREEMENT (this “Agreement”), is made and entered into as of September 3, 2021 (the “Effective Date”), by and between Local Bounti Corporation, a Delaware corporation (the “Company”), and Cargill Financial Services International, Inc., a Delaware corporation (“Holder”).
LEASE (Single Tenant; Gross) BETWEEN GROW BITTERROOT, LLC, A DELAWARE LIMITED LIABILITY COMPANY AND BOUNTI BITTERROOT, LLC, A DELAWARE LIMITED LIABILITY COMPANYLease • September 3rd, 2021 • Leo Holdings III Corp. • Agricultural production-crops • Montana
THIS LEASE (“Lease”) is made and entered into this 12th day of June, 2020, by and between GROW BITTERROOT, LLC, a Delaware limited liability company (“Landlord”) and BOUNTI BITTERROOT, LLC, a Delaware limited liability company (“Tenant”).
