LENDER NAME] [LENDER ADDRESS]NaturalNano , Inc. • October 3rd, 2008 • Plastics products, nec
Reference is made to the $o 8% Senior Secured Promissory Note due March 6, 2009, issued on or about March 6, 2007 (together the “Notes”) from NaturalNano, Inc. and NaturalNano Research, Inc. (jointly and severally, the “Borrower”) to [Lender] (the “Lender”). Capitalized terms used herein and not otherwise defined shall have the respective meanings given in the Notes.
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • October 3rd, 2008 • NaturalNano , Inc. • Plastics products, nec • New York
THIS LOAN AND SECURITY AGREEMENT (this “Agreement”) made as of September 29, 2008 by and among the investors listed on Schedule 1 to this Agreement (collectively, the “Investors,” and each, individually, a “Investor”), Platinum Advisors LLC, a limited liability company, as agent for the Investors (the “Agent”) and NaturalNano, Inc., a Nevada corporation with its chief executive office, principal place of business and mailing address at 15 Schoen Place, Pittsford, New York 14534-2025 (“NaturalNano” or the “Company”), and NaturalNano Research, Inc., a Delaware corporation (“NN Research” and, jointly and severally with NaturalNano, the “Borrower”). The obligations of NaturalNano and NN Research shall be joint and several, notwithstanding which of the Borrowers receives the proceeds of any Advances (as defined below) hereunder
