REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • October 16th, 2009 • Z Trim Holdings, Inc • Grain mill products • Illinois
This Registration Rights Agreement (the “Agreement”) is made and entered into as of this 15th day of October, 2009 by and among Z Trim Holdings Inc., an Illinois corporation (the “Company”), and certain accredited investors and Brightline Ventures I, LLC (the “Original Purchaser”), all of whose equity owners are accredited investors, who have purchased Units consisting of a 24 month-senior secured convertible note (the “Note” or “Notes”) in the principal amount of $10,000 convertible at the rate of $1.00 per share into 10,000 shares of common stock, $.00005 par value (the “Common Stock”) bearing interest at the of 8% per annum, which interest is payable at maturity or quarterly in Common Stock at the rate of $1.00 per share, and a five year warrant exercisable for 15,000 shares of the Common Stock at an exercise price of $1.50 per share (the “Warrant”), offered in private placement (the “Offering”) by the Company. Such investors and any of their Affiliates or permitted transferees who
SECURITY AGREEMENTSecurity Agreement • October 16th, 2009 • Z Trim Holdings, Inc • Grain mill products • Delaware
THIS SECURITY AGREEMENT (this “Agreement”) dated as of October 15, 2009, is made by Z TRIM HOLDINGS, INC., an Illinois corporation, with an address at 1011 Campus Drive, Mundelein, Illinois 60060 (“Debtor”) in favor of the Secured Parties listed on Annex A attached hereto (the “Secured Parties”) (as defined below).
SUBSCRIPTION AGREEMENTSubscription Agreement • October 16th, 2009 • Z Trim Holdings, Inc • Grain mill products • Illinois
