See Item 2.03

On October 7, 2014, True Drinks Holdings, Inc. (the "Company") issued secured promissory notes in principal amounts totaling $1,130,000 to certain accredited investors (the "Secured Notes"). The Secured Notes accrue interest at a rate of 12% per annum and are secured by an interest in all inventory, books and records pertaining to the inventory, and all proceeds with respect sale or other disposition of the inventory. The Secured Notes mature one year from the date of issuance. In the event the Secured Notes are paid in a form other than cash, the Company is obligated to pay to the holder of the Secured Notes ("Holder") a lender's fee equal to 10%, which amount shall be added to the principal amount due and owing the Holder.

The Secured Notes are part of a series of secured promissory notes issued between September 18, 2014 and September 29, 2014 in the aggregate principal amount of $630,000, which issuance was reported on a Current Report on Form 8-K filed on October 2, 2014. The Company is planning on issuing approximately $1,000,000 in additional Secured Notes during the month of October, 2014.

The Secured Notes were offered and sold in transactions exempt from registration under the Securities Act of 1933, as amended ("Securities Act"), in reliance on Section 4(2) thereof and Rule 506 of Regulation D thereunder. Each of the investors represented that it was an "accredited investor" as defined in Regulation D. The proceeds from the sale of the Secured Notes are expected to be used for general corporate purposes.

The foregoing description of the Secured Notes does not purport to be complete, and is qualified in its entirety by reference to the full text of the form of Secured Note attached as Exhibit 10.2 to the Current Report on Form 8-K filed on October 2, 2014, which is incorporated by reference herein.