SECURED PROMISSORY NOTESecured Promissory Note • April 11th, 2018 • True Drinks Holdings, Inc. • Medicinal chemicals & botanical products
FOR VALUE RECEIVED, TRUE DRINKS, INC. (“TRUE DRINKS”), TRUE DRINKS HOLDINGS, INC. (“TRUE DRINKS HOLDINGS”) and VINCENT C. SMITH (“SMITH”), collectively, the “MAKERS”, acting jointly and severally, hereby promise to pay to the order of NIAGARA BOTTLING, LLC (“PAYEE”), pursuant to this Secured Promissory Note (“NOTE”), the sum of Four Million Six Hundred Forty-Four Thousand Nine Hundred Six and No Cents ($4,644,906.00) (the “PRINCIPAL AMOUNT”), together with interest from the Effective Date at the rate of five percent (5%) per year, accrued and compounded annually on the unpaid Principal Amount. Payment of the Principal Amount and all accrued interest shall be due no later than December 31, 2019 (“DUE DATE”).
SECURITY AGREEMENTSecurity Agreement • April 11th, 2018 • True Drinks Holdings, Inc. • Medicinal chemicals & botanical products • California
This SECURITY AGREEMENT (this “Agreement”) is made as of April 5, 2018 by and among True Drinks Holdings, Inc., a Nevada corporation (the “Grantor”), and Red Beard Holdings, LLC, a Delaware limited liability company, holder of the Grantor’s Senior Secured Notes due on or before December 31, 2019, in the original aggregate principal amount of Two Million, Two Hundred Fifty Thousand Dollars ($2,250,000) (the “Note”) (together with its endorsees, transferees and assigns, the “Secured Party”).
SECURED PROMISSORY NOTESecured Promissory Note • April 11th, 2018 • True Drinks Holdings, Inc. • Medicinal chemicals & botanical products
FOR VALUE RECEIVED, TRUE DRINKS, INC. (“TRUE DRINKS”) and TRUE DRINKS HOLDINGS, INC. (“TRUE DRINKS HOLDINGS”) (collectively, the “MAKERS”),
