Kronos Advanced Technologies, INC. FORM OF SUBSCRIPTION AGREEMENTSubscription Agreement • January 11th, 2023 • Kronos Advanced Technologies Inc • Industrial & commercial fans & blowers & air purifing equip • Nevada
THIS INVESTMENT INVOLVES A HIGH DEGREE OF RISK. THIS INVESTMENT IS SUITABLE ONLY FOR PERSONS WHO CAN BEAR THE ECONOMIC RISK FOR AN INDEFINITE PERIOD OF TIME AND WHO CAN AFFORD TO LOSE THEIR ENTIRE INVESTMENT. FURTHERMORE, INVESTORS MUST UNDERSTAND THAT SUCH INVESTMENT IS ILLIQUID AND IS EXPECTED TO CONTINUE TO BE ILLIQUID FOR AN INDEFINITE PERIOD OF TIME. NO PUBLIC MARKET EXISTS FOR THE SECURITIES, AND NO PUBLIC MARKET IS EXPECTED TO DEVELOP FOLLOWING THIS OFFERING.
AMENDMENT TO OFFICER RETAINER AGREEMENTOfficer Retainer Agreement • January 11th, 2023 • Kronos Advanced Technologies Inc • Industrial & commercial fans & blowers & air purifing equip
THIS AMENDMENT TO OFFICER RETAINER AGREEMENT (“Agreement") that was entered into by and between KRONOS Advanced Technologies, Inc., a Nevada corporation
LOAN AGREEMENTLoan Agreement • January 11th, 2023 • Kronos Advanced Technologies Inc • Industrial & commercial fans & blowers & air purifing equip
THIS LOAN AGREEMENT (“Agreement”) is made and entered into this 7th day of April, 2022, by and among WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY, a West Virginia public corporation (“WVEDA”), KRONOS ADVANCED TECHNOLOGIES, INC., a Nevada corporation (“KAT”) and KRONOS ADVANCED TECHNOLOGIES WV, INC., a West Virginia corporation (“KATWV” and together with KAT, the “Borrowers”).
SECURITY AGREEMENTSecurity Agreement • January 11th, 2023 • Kronos Advanced Technologies Inc • Industrial & commercial fans & blowers & air purifing equip
This Security Agreement is made and entered into this 7th day of April, 2022, by and between KRONOS ADVANCED TECHNOLOGIES WV, INC., a West Virginia corporation (“Debtor) and WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY, a West Virginia public corporation (“Secured Party”). Capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Loan Agreement (as hereinafter defined). Debtor and Secured Party agree as follows:
AGREEMENT OF CONVEYANCE, TRANSFER, ASSIGNMENT OF ASSET, ASSUMPTION OF OBLIGATIONS AND SPIN OFFAgreement • January 11th, 2023 • Kronos Advanced Technologies Inc • Industrial & commercial fans & blowers & air purifing equip • Nevada
This Agreement of Conveyance, Transfer and Assignment of Asset, Assumption of Obligations and Spin off (“Transfer and Assumption Agreement”) is made as of April 2, 2021, by Kronos Advanced Technologies, Inc., a Nevada corporation (“Assignor”) and DogeSPAC, LLC., a Puerto Rico Limited Liability Company (“Assignee”), collectively, (“The Parties.”)
PROMISSORY NOTE (EQUIPMENT LOAN)Promissory Note • January 11th, 2023 • Kronos Advanced Technologies Inc • Industrial & commercial fans & blowers & air purifing equip
FOR VALUE RECEIVED, the undersigned KRONOS ADVANCED TECHNOLOGIES, INC., a Nevada corporation (“KAT”) and KRONOS ADVANCED TECHNOLOGIES WV, INC., a West Virginia corporation (KATWV and together with KAT, the “Borrowers”), hereby promise to pay to the order of WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY, the sum of Seven Hundred Sixty Five Thousand and 00/100 Dollars ($765,000.00) over a term of one hundred twenty (120) months, with interest from the date hereof at the rate of two and seventy five one hundredths percent (2.75%) per annum on the unpaid principal, in lawful money of the United States, at office of the WVEDA, NorthGate Business Park, 180 Association Drive, Charleston West Virginia, 25311-1217, or at such other location as may be subsequently designated by holder hereof, as follows:
A CREDIT LINE DEED OF TRUST AND FIXTURE FILINGKronos Advanced Technologies Inc • January 11th, 2023 • Industrial & commercial fans & blowers & air purifing equip
THIS CREDIT LINE DEED OF TRUST AND FIXTURE FILING (this “Deed of Trust”), made this 7th day of April, 2022, by KRONOS ADVANCED TECHNOLOGIES WV, INC., a West Virginia corporation (the “Grantor”), to JOYCE F. OFSA, a resident of Kanawha County, West Virginia, as trustee (the “Trustee”), for the benefit of WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY, a West Virginia public corporation (referred to herein as either “WVEDA” or “Beneficiary”). Capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the WVEDA Loan Agreement (as defined herein).
CORPORATE ADVISORY SERVICES AGREEMENTCorporate Advisory Services Agreement • January 11th, 2023 • Kronos Advanced Technologies Inc • Industrial & commercial fans & blowers & air purifing equip • California
THIS CORPORATE ADVISORY SERVICES AGREEMENT (this “Agreement”) is made and entered into with an effective date as of November 2, 2022 (the “Effective Date”), by and among Pinnacle Consulting Services, Inc., a Nevada corporation (the “Advisor”) and Kronos Advanced Technologies, Inc., a Nevada corporation, with a registered address of 2501 Garfield Ave, Department C, Parkersburg, WV, and publicly quoted for public trading on the OTC Markets quotation system with the stock symbol “KNOS” (the “Client”).
PROMISSORY NOTE (REAL ESTATE LOAN)Kronos Advanced Technologies Inc • January 11th, 2023 • Industrial & commercial fans & blowers & air purifing equip
FOR VALUE RECEIVED, the undersigned KRONOS ADVANCED TECHNOLOGIES, INC., a Nevada corporation (“KAT”) and KRONOS ADVANCED TECHNOLOGIES WV, INC., a West Virginia corporation (KATWV and together with KAT, the “Borrowers”), hereby promise to pay to the order of WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY, the sum of One Million Eight Hundred Forty Five Thousand and 00/100 Dollars ($1,845,000.00) over a term of one hundred eighty (180) months, with interest at the rate of three and thirty-nine one hundredths percent (3.390%) per annum on the unpaid principal balance from the date hereof through and including the 59th month after the date hereof. The interest rate shall adjust in the 60th month, on April 7, 2027, and in the 120th month, on April 7, 2032, and shall be equal to the greater of (i) the rate from the third previous business day of the 20-year U.S. Treasury Security (as such rate is stated in the daily Treasury Yield Curve Rates section of the U.S. Treasury official website www.u
