SECURITY AGREEMENTSecurity Agreement • April 7th, 2017 • Kahn Jonathan Efrem • Grain mill products • Illinois
This SECURITY AGREEMENT (this “Security Agreement”), dated as of April 7, 2017, between AGRITECH WORLDWIDE, INC., a Nevada corporation (“Grantor”), and GKS FUNDING LLC, individually and in its capacity as Agent for Lenders (as defined below).
SUBORDINATION AGREEMENTSubordination Agreement • April 7th, 2017 • Kahn Jonathan Efrem • Grain mill products • Illinois
THIS SUBORDINATION AGREEMENT (this “Agreement”) is entered into as of this April 7, 2017, by and among each of the undersigned subordinated lenders listed on the signature pages hereto as “Subordinated Creditors” (collectively, “Subordinated Creditor”), AGRITECH WORLDWIDE, INC., a Nevada corporation, (“Company”), the Senior Lenders (as defined belwo) and GKS FUNDING, LLC, as Agent for the Senior Lenders (in such capacity “Agent”).
PATENT SECURITY AGREEMENTPatent Security Agreement • April 7th, 2017 • Kahn Jonathan Efrem • Grain mill products
This PATENT SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this “Patent Security Agreement”) is entered into as of April 7, 2017, by and among the grantor listed on the signature pages hereof (“Grantor”), and GKS FUNDING LLC, in its capacity as Agent (“Agent”) for the Lenders (as defined below).
BY FACSIMILE AND ELECTRONIC MAIL GKS Funding LLC Unit S2206 Chicago, IL 60614 Attention: Mo GarfinkleFacsimile and Electronic Mail • April 7th, 2017 • Kahn Jonathan Efrem • Grain mill products
As you know, Agritech Worldwide, Inc. (the “Company”) is obligated to GKS Funding LLC (the “Agent”) pursuant to the terms of that certain Loan and Security Agreement, dated as of February 1, 2017 (as amended and in effect from time to time, the “Loan Agreement”), between the Company, the Lenders party thereto and the Agent. As of the date of this letter, the outstanding balance of the Company’s obligations under the Loan Agreement is approximately $1,011,800, plus accrued and accruing legal fees and expenses. Unless otherwise specified herein, capitalized terms used in this letter shall have the meanings ascribed to them in the Loan Agreement.
