PURCHASE AGREEMENTPurchase Agreement • February 12th, 2013 • Ibc Funds LLC • Plastic materials, synth resins & nonvulcan elastomers • New York
PURCHASE AGREEMENT, dated as of January 25, 2013 (this “Agreement”), by and between IBC Funds, LLC a Nevada Limited Liability company (the “Buyer”), and the undersigned Sellers (individually, a “Seller” and collectively, the “Sellers”) of the 7% Convertible Senior Subordinated Notes Due 2016 (the “Notes”) issued by Cereplast, Inc. (the “Company”) pursuant to the Indenture dated as of May 24, 2011 (the “Indenture”), by and among the Company and Wells Fargo Bank, National Association, (the “Trustee”) for the purchase by the Buyer of certain interests in the Notes held by each of the Seller, as more fully described below.
