Agritech Worldwide, Inc. (OTCMKTS:FBER) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement.

Due to the ongoing liquidity needs of Agritech Worldwide, Inc.
(the Company), on March 28, 2017, the Company entered into a
promissory note with Mr. Kahn and Mr. Garfinkle as the lenders in
the original principal amount of $35,000 (the Promissory Note).
The Promissory Note accrues interest at a rate per annum equal to
5%. Accrued and unpaid interest on the outstanding principal is
payable monthly in arrears on the last business day of each month
in which any amount remains outstanding under the Promissory
Note. The principal amount, together with all accrued and unpaid
interest thereon, is required to be repaid to the lenders out of
the proceeds received from the accounts receivable of the Company
collected after March 28, 2017, immediately upon such receipt.
The loan under the Promissory Note is secured by all of the
assets of the Company to a Security Agreement and a Patent
Security Agreement.

The proceeds of the Promissory Note were used by the Company to
primarily fund payroll and to pay certain critical vendors of the
Company.

As a condition to the making of the loan under the Promissory
Note, the lenders under a loan agreement entered into by the
Company on February 1, 2017 (which lenders included Mr. Kahn and
Mr. Garfinkle through GKS Funding), which is the senior secured
debt of the Company, were required to enter into a subordination
agreement with the Company and Mr. Kahn and Mr. Garfinkle (the
Subordination Agreement). The Subordination Agreement made the
Promissory Note the senior secured debt of the Company.

The foregoing descriptions of the Promissory Note, the Security
Agreement, the Patent Security Agreement and the Subordination
Agreement are qualified in their entirety by reference to copies
of the Promissory Note, the Security Agreement, the Patent
Security Agreement and the Subordination Agreement, which are
attached hereto as Exhibits 10.1,10.2, 10.3 and 10.4,
respectively, and which are hereby incorporated herein by
reference.

Item 2.03. Creation of a Direct Financial Obligation or
an Obligation under an Off-Balance Sheet Arrangement of a
Registrant.

The information contained in Item 1.01 of this Current Report on
Form 8-K is incorporated by reference herein and made a part
hereof.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

About Agritech Worldwide, Inc. (OTCMKTS:FBER)

Agritech Worldwide, Inc., formerly Z Trim Holdings, Inc., is an agricultural technology company. The Company owns existing, and seeks to develop new, products and processes that convert generally available agricultural by-products into multi-functional all-natural ingredients that can be used in food manufacturing and other industries. Its products cater to food and nutritional beverage industry, including fat-free, low-fat, reduced-fat and full-fat, across meats, baked goods, dairy and non-dairy products, snacks, beverages, dressings, sauces and dips. Its industrial products division focuses on the manufacture, marketing and sales of products designed specifically for industrial applications, including oil drilling fluids, petroleum coke, charcoal briquettes, hydraulic fracturing, and paper and wood adhesives. Its product portfolio of multifunctional food ingredients includes Corn Z Trim (both genetically modified organism (GMO) and non-GMO) and Oat Z-Trim.

Agritech Worldwide, Inc. (OTCMKTS:FBER) Recent Trading Information

Agritech Worldwide, Inc. (OTCMKTS:FBER) closed its last trading session down -0.0037 at 0.0110 with 89,001 shares trading hands.