SECURITY AGREEMENTSecurity Agreement • September 25th, 2013 • GTX Corp • Radio & tv broadcasting & communications equipment • New Jersey
THIS SECURITY AGREEMENT (the “Agreement”), is entered into and made effective as of SEPTEMBER 19, 2013, by and among GTX CORP., a Nevada corporation (“Company”), and Company’s undersigned subsidiaries (the “Subsidiaries” and, collectively with the Company, the “Grantors”), in favor of 112359 FACTOR FUND, LLC (“the “Secured Party”).
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • September 25th, 2013 • GTX Corp • Radio & tv broadcasting & communications equipment • New Jersey
THIS SECURITIES PURCHASE AGREEMENT (this “Agreement”), is made effective as of SEPTEMBER 19, 2013 (the “Effective Date”), by and among 112359 FACTOR FUND, LLC (“Buyer”) and GTX CORP. (“Company”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in that certain Security Agreement entered into on even date herewith by and between Company and Buyer.
GTX CORP. Secured Convertible DebentureSecured Convertible Debenture • September 25th, 2013 • GTX Corp • Radio & tv broadcasting & communications equipment • New Jersey
FOR VALUE RECEIVED, GTX CORP. (hereinafter called the “Obligor” or the “Company”), hereby promises to pay to 112359 FACTOR FUND, LLC (the “Holder”) or its successors and assigns the amounts identified as the balance due for each of the eight (8) obligations listed below (each, an “Obligation”), which are in the aggregate equal to the principal sum of NINE HUNDRED AND ONE THOUSAND DOLLARS ($901,000.00), in the form of cash or Obligor common stock on the terms and conditions hereof if and to the extent that each specific purchase price payment (each, a “Tranche”) has been paid as required under that certain Securities Purchase Agreement dated September 19, 2013 by and between the Obligor and Holder (“SPA”). Obligor’s payments shall be made in each case on or before the third (3rd) anniversary (each, a “Maturity Date”) of each Tranche payment date (each, a “Tranche Payment Date”) according to the following schedule:
GTX CORP. Secured Amended & Restated Convertible DebentureSecured Amended & Restated Convertible Debenture • September 25th, 2013 • GTX Corp • Radio & tv broadcasting & communications equipment • New Jersey
FOR VALUE RECEIVED, GTX CORP. (hereinafter called the “Obligor” or the “Company”), hereby promises to pay to 112359 FACTOR FUND, LLC (the “Holder”) or its successors and assigns the amount identified as the balance due for each of the three (3) obligations listed below (each, an “Obligation”) in the form of cash or Obligor common stock on the terms and conditions hereof on or before the third (3rd) anniversary (each, a “Maturity Date”) of each stated purchase price payment (each, a “Tranche”) date (each, a “Tranche Payment Date”) according to the following schedule:
PLEDGE AGREEMENTPledge Agreement • September 25th, 2013 • GTX Corp • Radio & tv broadcasting & communications equipment • New Jersey
THIS PLEDGE AGREEMENT (the “Pledge Agreement”) is entered into as of SEPTEMBER 19, 2013, by and between PATRICK BERTAGNA, an individual with an address at 117 West 9th Street, Los Angeles, California 90015 (“Pledgor”), GTX CORP. (“Company”), and 112359 FACTOR FUND, LLC (“Secured Party”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in that certain Security Agreement entered into on even date herewith by and between Company and Secured Party.
