INTERCREDITOR AND SUBORDINATION AGREEMENTIntercreditor and Subordination Agreement • August 8th, 2014 • Gilla Inc. • Tobacco products • Ontario
FOR GOOD AND VALUABLE CONSIDERATION, the receipt and adequacy of which are hereby acknowledged by each of the parties hereto, the parties hereto hereby agree as follows:
LOAN AGREEMENTLoan Agreement • August 8th, 2014 • Gilla Inc. • Tobacco products • Ontario
WHEREAS the Borrower desires that the Lender make available a revolving credit facility to the Borrower in the aggregate principal amount of $500,000;
SECURITY AGREEMENTSecurity Agreement • August 8th, 2014 • Gilla Inc. • Tobacco products • Ontario
Security agreement dated as of August 1, 2014 made by Gilla Inc. (the “Borrower”) to and in favour of Sarasvati Investments Inc. (the “Lender”).
