SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • March 31st, 2017 • Agritek Holdings, Inc. • Retail-nonstore retailers • New York
This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of February 1, 2017, by and between AGRITEK HOLDINGS, INC., a Delaware corporation, with its address at 777 Brickell Avenue, Suite 500, Miami, FL 33131 (the “Company”), and POWER UP LENDING GROUP LTD., a Virginia corporation, with its address at 111 Great Neck Road, Suite 216, Great Neck, NY 11021 (the “Buyer”).
ContractAgritek Holdings, Inc. • March 31st, 2017 • Retail-nonstore retailers
THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE ACT AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. LENDERS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.
SECURITY AGREEMENTSecurity Agreement • March 31st, 2017 • Agritek Holdings, Inc. • Retail-nonstore retailers • New York
AGRITEK HOLDINGS, INC., a corporation organized under the laws of the State of Nevada (“Debtor”), successor in interest to, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby grants, pledges, sets over and assigns to CERBERUS FINANCE GROUP LTD (“Secured Party”), a security interest in the property as set out in Exhibit A attached hereto,
