GREYSTONE BUSINESS CREDIT II, L.L.C.Marine Growth Ventures Inc • August 11th, 2008 • Non-operating establishments • New York
Reference is made to (i) that certain Loan and Security Agreement dated March 26, 2007 among MARINE GROWTH FINANCE & CHARTER, INC., a Delaware corporation ("Marine Growth Finance"), MARINE GROWTH CANADA LTD., a company organized under the laws of the Province of British Columbia, Canada ("Marine Growth Canada"; and together with Marine Growth Finance, the "Marine Growth Borrowers") and GREYSTONE BUSINESS CREDIT II, L.L.C., a Delaware limited liability company ("Lender") (as amended, restated, supplemented or otherwise modified from time to time, the "Marine Growth Loan Agreement"); and (ii) [the existing bareboat lease of the yacht Babe between Lender, as lessor, and Fractional Marine, Inc., a Delaware corporation, as lessee] (the "Fractional Lease").
