SEC Contract Filing

Filing Date: 2023-04-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>ea177341ex10-2_aditxt.htm
<DESCRIPTION>FORM OF BUSINESS LOAN AND SECURITY AGREEMENT, DATED APRIL 24, 2023
<TEXT>
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<P STYLE="text-align: right; margin-top: 0; margin-bottom: 0"><B>Exhibit 10.2</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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 <TD STYLE="width: 71%; font-weight: bold; font-size: 10pt">Business Loan and Security Agreement</TD>
 <TD STYLE="width: 29%; font-weight: bold; font-size: 10pt">April 24, 2023</TD></TR>
 </TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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's records.</I></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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 <TD STYLE="border-top: Black 1.5pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1.5pt solid; width: 30%">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt"><I></I><B>Borrower:</B></P></TD>
 <TD STYLE="border-top: Black 1.5pt solid; border-left: Black 1.5pt solid; border-right: Black 1.5pt solid; border-bottom: Black 1pt solid; width: 70%">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt"><I></I><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; border-left: Black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Lender:</B></FONT></TD>
 <TD STYLE="border-left: Black 1.5pt solid; border-right: Black 1.5pt solid; border-bottom: black 1pt solid; font-size: 10pt">&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1.5pt solid">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt"><B>Disbursement Amount:</B> Amount of Loan less fees and
 costs</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt">&nbsp;</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt"><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="border-left: Black 1.5pt solid; border-right: Black 1.5pt solid; border-bottom: black 1pt solid">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt">&nbsp;</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt">&nbsp;</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt">&nbsp;</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt"><I></I><B>$1,000,000.00</B></P></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Amount of Loan:</B></FONT></TD>
 <TD STYLE="border-left: Black 1.5pt solid; border-right: Black 1.5pt solid; border-bottom: black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>1,060,000.00</B></FONT></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1.5pt solid">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt"><B>Total Repayment Amount:</B></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt"><B>&nbsp;</B></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt">Sum of Amount of Loan and Interest Charge when all
 payments are made on time</P></TD>
 <TD STYLE="border-left: Black 1.5pt solid; border-right: Black 1.5pt solid; border-bottom: black 1pt solid">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt"><I>&nbsp;</I></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt"><I>&nbsp;</I></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt"><B>$1,590,000.00</B></P></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Payment Schedule:</B></FONT></TD>
 <TD STYLE="border-left: Black 1.5pt solid; border-right: Black 1.5pt solid; border-bottom: black 1pt solid">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt"><I></I><B>$79,500.00
per week</B></P></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; border