SECURITY AGREEMENTSecurity Agreement • March 31st, 2016 • Mount TAM Biotechnologies, Inc. • Tobacco products • California
THIS SECURITY AGREEMENT (this “Agreement”) by and among Mount Tam Biotechnologies, Inc., a Nevada corporation (the “Debtor”) on the one hand, and 0851229 BC Ltd. on the other hand (“Secured Party”) is effective as of the 9th day of November 2015 (the “Agreement”). In consideration of the financial accommodations extended to the Debtor by the Secured Party, the Debtor hereby agrees that the Secured Party shall have all of the rights given herein against the Debtor in addition to those given by law or by the Secured Convertible Promissory Note issued by the Debtor to the Secured Party effective as of November 9, 2015 (the “Note”) or any other agreement or document underlying the Liabilities:
Mount Tam Biotechnologies, Inc.Mount TAM Biotechnologies, Inc. • March 31st, 2016 • Tobacco products
This letter agreement is intended to describe in writing an agreement between Mount Tam Biotechnologies, Inc. (the “Maker”) and 0851229 BC Ltd. (the “Holder”) regarding the aggregate principal amount of indebtedness which may be outstanding pursuant to that certain Secured Convertible Promissory Note issued by the Maker to the Holder effective as of November 9, 2015 (the “Secured Note”). The Maker and the Holder hereby agree that the aggregate principal amount of all outstanding loans made under the Secured Note shall not exceed $1,000,000 at any time, provided that for the avoidance of doubt, no obligation of Holder to lend any funds is implied hereby. Except as expressly provided herein, the Secured Note shall remain in full force and effect following the date hereof.
MOUNT TAM BIOTECHNOLOGIES, Inc. Amended and restated Employment AGREEMENTAmended and Restated Employment Agreement • March 31st, 2016 • Mount TAM Biotechnologies, Inc. • Tobacco products • California
This Amended and Restated Employment Agreement (“Agreement”) by and between Mount Tam Biotechnologies, Inc., a Nevada corporation (“Employer” or the “Company”), and Richard Marshak, an individual (“Employee”), is effective as of March 29, 2016 (“Effective Date”). Your first day of employment was March 22, 2016 (“Start Date”).
