ContractConvertible Note Agreement • December 23rd, 2016 • Air Industries Group • Aircraft parts & auxiliary equipment, nec • New York
Contract Type FiledDecember 23rd, 2016 Company Industry JurisdictionNEITHER THIS NOTE NOR THE SECURITIES INTO WHICH THIS NOTE ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ACCORDINGLY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE BE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO AIR INDUSTRIES GROUP THAT SUCH REGISTRATION IS NOT REQUIRED.
12% Subordinated Convertible Note due December 31, 2017Convertible Note Agreement • August 22nd, 2016 • Air Industries Group • Aircraft parts & auxiliary equipment, nec • New York
Contract Type FiledAugust 22nd, 2016 Company Industry JurisdictionThis Note is one of a series of Notes in the aggregate principal amount of up to $4,250,000 (the “Notes”) issued pursuant to a Securities Purchase Agreement dated August 19, 2016 between the purchasers of the Notes and the Company (the “Securities Purchase Agreement”). Capitalized terms used herein without definition shall have the meanings assigned to them in the Securities Purchase Agreement.