SEC Contract Filing

Filing Date: 2023-07-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>ea181344ex10-5_aditxt.htm
<DESCRIPTION>FORM OF BUSINESS LOAN AND SECURITY AGREEMENT DATED JULY 3, 2023
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin-top: 0; margin-bottom: 0"><B>Exhibit 10.5</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 70%; text-align: left">Business&#8239;Loan and Security Agreement</TD><TD STYLE="text-align: right; width: 30%">July 3, 2023</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.95pt">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><I>This Business Loan and Security Agreement Supplement
is part of (and incorporated by reference into) the Business Loan and Security Agreement. Borrower should keep this important legal document
for Borrower&rsquo;s records.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.95pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="border: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
 <TR STYLE="vertical-align: top">
 <TD STYLE="text-align: left; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 25%; vertical-align: top">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.65pt"><B>Borrower:</B></P></TD>
 <TD STYLE="text-align: left; border-bottom: Black 1pt solid; width: 75%; vertical-align: top">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><I></I></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><B>ADITXT INC, a Delaware corporation</B></P></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Lender:</B></FONT></TD>
 <TD STYLE="border-bottom: Black 1pt solid; padding-left: 0.65pt; font-size: 10pt">&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.65pt"><B>Disbursement Amount:</B> Amount of Loan less fees and
 costs</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.65pt">&nbsp;</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.65pt"><I>Note that the Disbursement Amount will be net of (a)
 any principal amount owed to Lender from an existing loan or (b) any amount used to pay off an existing obligation owed to a third party
 lender.</I></P></TD>
 <TD STYLE="text-align: left; border-bottom: Black 1pt solid; vertical-align: bottom">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><I>&nbsp;</I></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><I>&nbsp;</I></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><B>$204,250.00</B></P></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Amount of Loan:</B></FONT></TD>
 <TD STYLE="border-bottom: Black 1pt solid; padding-left: 0.3pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>$215,000.00</B></FONT></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.65pt"><B>Total Repayment Amount:</B></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.65pt"><B>&nbsp;</B></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.65pt">Sum of Amount of Loan and Interest Charge when all payments
 are made on time</P></TD>
 <TD STYLE="text-align: left; border-bottom: Black 1pt solid; vertical-align: bottom">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><I></I>&nbsp;</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><B>$322,285.00</B></P></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="text-align: left; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>Payment Schedule:</B></FONT></TD>
 <TD STYLE="border-bottom: Black 1pt solid">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><I></I></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><B>$24,500.00 per week, for 13 weeks. $3,785 to be paid in
 week 14.</B></P></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.65pt"><B>Interest Charge:</B></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.65pt">Dollar amount of interest that the Loan will cost (does
 not include any Fees)</P></TD>
 <TD STYLE="text-align: left; border-bottom: Black 1pt solid; vertical-align: bottom">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><I>&nbsp;</I></P>
 <P STYLE="font: 10pt Times New Roman,