SECURITY AGREEMENTSecurity Agreement • March 9th, 2023 • Starco Brands, Inc. • Services-advertising agencies
THIS AGREEMENT is made as of March 3, 2023, by Starco Brands, Inc. (the “Borrower”), a Nevada corporation, whose address is 250 26th Street, Suite 200, Santa Monica, CA 90402, and Ross Sklar, an individual (the “Lender”).
SECURED PROMISSORY NOTEStarco Brands, Inc. • March 9th, 2023 • Services-advertising agencies • California
FOR VALUE RECEIVED, Starco Brands, Inc., a Nevada corporation (“Borrower”), and Ross Sklar, an individual “Lender”), enter into this Secured Promissory Note (this “Note”). Borrower promises to pay to Lender, at Lender’s current address of 250 26th Street, Suite 200, Santa Monica, California 90402, or at such other addresses as Lender may from time to time designate in writing to Borrower, the principal sum of EIGHT HUNDRED THOUSAND AND 00/100 DOLLARS ($800,000.00) (the “Loan Amount”), together with interest thereon and all other sums due and/or payable under any Loan Document (the “Loan”); such principal and other sums to be calculated and payable as provided in this Note.
STARCO BRANDS, INC. WARRANT TO PURCHASE CLASS A COMMON STOCK Effective as of March 3, 2023 Void After March 2, 2028Starco Brands, Inc. • March 9th, 2023 • Services-advertising agencies • Nevada
This Certifies That, for value received, Ross Sklar, an individual (“Holder”), is entitled to subscribe for and purchase from STARCO BRANDS, INC., a Nevada corporation (the “Company”), during the Exercise Period (as defined below), up to that number of shares of the Company’s Class A common stock equal to the Exercise Shares at the Exercise Price (each as hereinafter defined), subject to the provisions and upon the terms and conditions provided herein.
