Common Contracts
2 similar Ip Security Agreement contracts by Xg Sciences Inc
XG SCIENCES INC Secured Convertible Promissory Note Due March 18, 2018Ip Security Agreement • January 27th, 2016 • Xg Sciences Inc • Plastic materials, synth resins & nonvulcan elastomers • Michigan
This Secured Convertible Promissory Note (this “Note”) is issued this 15th day of January 2014, jointly and severally by XG Sciences, Inc., (“XGS”), a Michigan corporation, and XG Sciences IP, LLC, a Michigan limited liability company and wholly-owned subsidiary of XGS (collectively, the “Borrower” or the “Company”), to Aspen Advanced Opportunity Fund, LP, a Delaware limited partnership (“Aspen” or the “Holder”). This Note restates and consolidates the: (i) $603,846.58 Secured Convertible Promissory Note issued on March 18, 2013 by XGS to Aspen, (ii) $250,000 Secured Convertible Promissory Note issued on April 3, 2013 by XGS to Aspen, (iii) $250,000 Secured Convertible Promissory Note issued on April 12, 2013 by XGS to Aspen, (iv) $1,400,000 Secured Convertible Promissory Note issued on April 26, 2013 by XGS to Aspen, (v) $800,000 Secured Convertible Promissory Note issued on July 29, 2013 by XGS to Aspen (as adjusted to $309,425, pursuant to the Purchase Agreement), (vi) $200,000 Secu
XG SCIENCES, INC. Secured Convertible Promissory Note Due March 18, 2018Ip Security Agreement • January 27th, 2016 • Xg Sciences Inc • Plastic materials, synth resins & nonvulcan elastomers • Michigan
This Secured Convertible Promissory Note (this “Note”) is issued this 15th day of January 2014, jointly and severally by XG Sciences, Inc. (“XGS”), a Michigan corporation, and XG Sciences IP, LLC, a Michigan limited liability company and wholly-owned subsidiary of XGS (collectively, the “Borrower” or the “Company”), to Michael R. Knox (“Knox” or the “Holder”). This Note restates the $700,000.00 Secured Convertible Promissory Note issued on March 18, 2013 by the XGS to Knox (the “Prior Note”). The Prior Note was issued in connection with the conversion of that certain $1,000,000.00 Line of Credit Note, dated October 8, 2012, issued to the Holder by XGS, and in connection with that certain Purchase Agreement dated March 18, 2013 between Aspen Advanced Opportunity Fund, L.P. and XGS (the “Purchase Agreement”). The Prior Note is hereby cancelled and replaced in its entirely by this Note, which includes the principal (as adjusted) and all accrued interest from the original issue date of eac
