UNSECURED PROMISSORY NOTE
$ December 6, 1999
CAPRIUS, INC., a Delaware corporation (herein called the "Company", which term shall also include its
successors and assigns), for value received, hereby promises to pay to the order of or registered assigns (the
"Holder") on February 29, 2000, the principal sum of ($ ), with interest payable at
maturity at the rate of eleven (11%) percent per annum from the date hereof until the principal hereof shall
become due and payable, and subject to earlier prepayment, both principal and interest to be payable at the
principal office of the Company at One Parker Plaza, Fort Lee, New Jersey, 07024 or at such other location as
the Company and the Holder may agree upon in writing.
This Note is one of a duly authorized issue of Notes of the Company limited in aggregate principal amount to
This Note is issued with a detachable common stock purchase warrant evidencing the right initially to purchase
one share of Common Stock of the Company for each $2.00 initial principal amount of this Note, at an initial
exercise price of Twenty Cents ($0.20) per share (the "Warrant").
1. DEFINITION OF TERMS
For purposes of this Note, unless the context otherwise requires:
1.1 Business Day. Business Day shall mean a day other than a Saturday, Sunday or a day when banking
institutions in New York City are authorized by law, regulation or order to remain closed.
1.2 Common Stock. Common Stock shall mean the Company's Common Stock, $.01 par value, or such
securities in which the Common Stock may be exchanged.
1.3 Holder of Record. Holder of Record shall mean in connection with any Note the payee thereof unless a
subsequent holders shall have presented to the Company such Note, duly assigned to him and delivered to the
Company a written notice of his acquisition of the Note and designated in writing an address to which payments
and notices in respect of the Note shall be mailed, in which case the t