Amendment to Custom Processing Agreement Between Z Trim Holdings, Inc. and AVEKA Nutra Processing, LLC
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Summary
Z Trim Holdings, Inc. and AVEKA Nutra Processing, LLC have amended their existing Custom Processing Agreement, originally signed on October 17, 2011. The amendment changes the loan repayment terms, specifying that repayments will start on April 1, 2014, at a fixed rate of $5,000 per month, regardless of production volumes, and waives any previously missed payments. All other terms, including the interest rate and Letter of Guarantee, remain unchanged.
EX-10.8 6 ex108.htm AMENDMENT TO ANP AGREEMENT MARCH 28 2014 ex108.htm
EXHIBIT 10.8
Amendment to Custom Processing Agreement
On October 17, 2011, Z Trim Holdings, Inc. and AVEKA Nutra Processing, LLC entered into a Custom Processing Agreement which included a Letter of Guarantee by Aveka, Inc.
The parties have agreed to amend the portion of the Custom Processing Agreement related to Section 2.2, Line of Credit. The parties now agree that the pay back of the loan will begin on April 1, 2014 at the flat rate of $5,000.00 per month with no relation to production volumes and no amounts due for any prior payments due but not paid. The interest rate, Letter of Guarantee and other provisions of the original Custom Processing Agreement will stay the same.
s/ Steve Cohen
_____________________________________ March 28, 2014
For Z Trim Holdings, Inc. Date
W.O. Hendrickson
_____________________________________ March 28, 2014
For Aveka Nutra Processing, LLC Date
