SECURED TERM NOTESecured Term Note • April 28th, 2020 • BioRestorative Therapies, Inc. • Services-misc health & allied services, nec • Massachusetts
FOR VALUE RECEIVED, the undersigned, BioRestorative Therapies, Inc., a Delaware corporation (the “Borrower”) as a debtor and debtor in possession, pursuant to the Borrower’s chapter 11 case (the “Chapter 11 Case”) under Title 11 of the United States Code, as amended filed in the Eastern District of New York (the “Bankruptcy Court”) hereby absolutely and unconditionally promises to pay to the order of Auctus Fund, LLC, a Delaware limited liability company, or its successor and/or assign (the “Holder”), in lawful money of the United States of America:
SECURITY AGREEMENTSecurity Agreement • April 28th, 2020 • BioRestorative Therapies, Inc. • Services-misc health & allied services, nec • Massachusetts
This Security Agreement (this “Agreement”) is made as of April 23, 2020, by BioRestorative Therapies, Inc., a Delaware corporation (the “Borrower”) as a debtor and debtor in possession, pursuant to the Borrower’s chapter 11 case (the “Chapter 11 Case”) under Title 11 of the United States Code, as amended, filed in the Eastern District of New York (the “Bankruptcy Court”), Case No. 20-71757-reg, in favor of Auctus Fund, LLC, a Delaware limited liability company, (together with its successors and assigns, the “Holder”).
