EQUIPMENT REVOLVING NOTEEquipment Revolving Note • March 28th, 2014 • Z Trim Holdings, Inc • Grain mill products
Z TRIM HOLDINGS, INC., an Illinois corporation (the “Borrower”), having its chief executive office located at 1011 Campus Drive, Mundelein, Illinois 60060, promises to pay to the order of FORDHAM CAPITAL PARTNERS, LLC, a Delaware limited liability company (together with its successors and assigns, the “Lender”), with an office located at 910 Skokie Boulevard, Suite 200, Northbrook, Illinois 60062, the principal sum of FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($500,00.00) (U.S.), or if less, the aggregate unpaid principal amount of all advances ("Advances") made by the Lender to the Borrower under this Equipment Revolving Note (the "Note"), plus interest payable monthly on the unpaid principal balances hereof from time to time unpaid calculated at the fixed rate of twenty percent (20%) per annum (the "Interest Rate").
SECURITY AGREEMENTSecurity Agreement • March 28th, 2014 • Z Trim Holdings, Inc • Grain mill products
THIS SECURITY AGREEMENT (herein "Agreement") dated as of March ___, 2014 between Z TRIM HOLDINGS, INC., an Illinois corporation ("Debtor"), having its chief executive office located at 1011 Campus Drive, Mundelein, Illinois 60060 and FORDHAM CAPITAL PARTNERS, LLC, a Delaware limited liability company (together with its successors and assigns, “Secured Party”), 910 Skokie Boulevard, Suite 200, Northbrook, Illinois 60062.
Factoring AgreementFactoring Agreement • March 28th, 2014 • Z Trim Holdings, Inc • Grain mill products • Illinois
This Factoring Agreement (this “Agreement”), is made and entered into between Z TRIM HOLDINGS, INC., an Illinois corporation (hereinafter called "Seller") with offices at 1011 Campus Drive, Mundelein, Illinois 60060, and FORDHAM CAPITAL PARTNERS, LLC, a Delaware limited liability company (hereinafter called "Purchaser") with offices at 910 Skokie Boulevard, Suite 200, Northbrook, Illinois 60062, effective as to the date (the “Effective Date”) upon which the last party to execute this Agreement affixes its signature hereto.
