0001185185-12-000087 Sample Contracts

NOTE PURCHASE AGREEMENT
Note Purchase Agreement • January 18th, 2012 • GlyEco, Inc. • Industrial inorganic chemicals • Arizona

THIS NOTE PURCHASE AGREEMENT (the “Agreement”) is entered into as of August 9, 2008, by and between GLOBAL RECYCLING TECHNOLOGIES, LTD., a Delaware corporation (the “Company”), and IRA FBO LEONID FRENKEL, Pershing LLC, as Custodian (the “Purchaser”). For purposes of this Agreement, the Company and the Purchaser are each sometimes individually referred to as a “Party” and, collectively, as the “Parties.”

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FORBEARANCE AGREEMENT
Forbearance Agreement • January 18th, 2012 • GlyEco, Inc. • Industrial inorganic chemicals • Arizona

This Forbearance Agreement (the “Second Forbearance Agreement”) is entered into this 25th day of May, 2011 by GLOBAL RECYCLING TECHNOLOGIES, LTD., a Delaware corporation (the “Company”) and IRA FBO LEONID FRENKEL, PERSHING LLC AS CUSTODIAN (the “Payee”).

FORBEARANCE AGREEMENT
Forbearance Agreement • January 18th, 2012 • GlyEco, Inc. • Industrial inorganic chemicals • Arizona

This Forbearance Agreement (the “Agreement”) is entered into this 11th day of August, 2010 by GLOBAL RECYCLING TECHNOLOGIES, LTD., a Delaware corporation (the “Company”) and IRA FBO LEONID FRENKEL, PERSHING LLC AS CUSTODIAN (the “Payee”).

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