SUBSCRIPTION AGREEMENT in connection with PLASTIC2OIL, INC. 12% Secured Promissory Notes (together with Warrants to Purchase shares of Common Stock) August 8 2016 SUBSCRIPTION AGREEMENTSubscription Agreement • August 16th, 2016 • Plastic2Oil, Inc. • Wholesale-electrical appliances, tv & radio sets • New York
This Subscription Agreement (the “Agreement”), is executed by the undersigned (the “Subscriber”) in connection with the offering (the “Offering”) by Plastic2Oil, Inc., a Nevada corporation (the “Company”), of five-year 12% Secured Promissory Notes (the “Notes”) and Warrants (the “Warrants”) to purchase shares of Common Stock, par value $.001 per share, of the Company (the “Shares”) (the Notes and the Warrants are collectively referred to as the “Offered Securities” and the Offered Securities and the Shares issuable upon the exercise of the Warrants are collectively referred to herein as the “Securities”). For every $100,000 principal amount of Notes purchased, the Subscriber shall receive Warrants to purchase 100,000 shares of Common Stock. The Notes shall be substantially in the form attached hereto as Exhibit A. The Warrants shall be substantially in the form attached hereto as Exhibit B. The obligations under the Note will be secured pursuant to a Security Agreement substantially in
AMENDED AND RESTATED SECURITY AGREEMENTSecurity Agreement • August 16th, 2016 • Plastic2Oil, Inc. • Wholesale-electrical appliances, tv & radio sets • New York
This Amended and Restated Security Agreement (as amended, restated, supplemented and/or otherwise modified from time to time, this “Agreement”) is dated as of August 4, 2016 (the “Effective Date”) between the lenders executing this Agreement and listed on Schedule A attached hereto as amended from time to time (the “Lenders”), JBI, Inc., a corporation organized under the laws of the State of Nevada (the “Debtor”), Plastic2Oil of NY #1, LLC, a limited liability company organized under the laws of the State of New York (“P2O#1”) and JBI RE #1, Inc., a corporation organized under the laws of the State of New York (“RE#1”, and collectively with P2O#1 and the Debtor the “Grantors”), and Christiana Trust, a division of WSFS Bank, as collateral agent for the Lenders (the “Collateral Agent”). This Agreement amends and restates that certain Security Agreement, dated August 29, 2013, by and between the Lenders named therein, the Grantors and the Collateral Agent (the “Original Agreement”). The L
