SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • July 3rd, 2006 • Chembio Diagnostics, Inc. • Pharmaceutical preparations • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of June 29, 2006 among Chembio Diagnostics, Inc., a Nevada corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).
SECURITY AGREEMENTSecurity Agreement • July 3rd, 2006 • Chembio Diagnostics, Inc. • Pharmaceutical preparations • New York
SECURITY AGREEMENT, dated as of June 29, 2006 (this “Agreement”), among Chembio Diagnostics, Inc., a Nevada corporation (the “Company”), Chembio Diagnostic Systems, Inc., a Delaware corporation, which is a Subsidiary of the Company (such Subsidiary, the “Guarantor” and together with any other entity that may become a party hereto as provided herein, the “Guarantors”) (the Company and Guarantors are collectively referred to as the “Debtors”) and the holder or holders of the Company’s Secured Debentures due September 27, 2006 in the original aggregate principal amount of up to $1,800,000 (the “Debentures”) signatory hereto, their endorsees, transferees and assigns (each, a “Secured Party” and, collectively, the “Secured Parties”).
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • July 3rd, 2006 • Chembio Diagnostics, Inc. • Pharmaceutical preparations
This Registration Rights Agreement (this “Agreement”) is made and entered into as of June 29, 2006, among Chembio Diagnostics, Inc., a Nevada corporation (the “Company”), and the several purchasers signatory hereto (each such purchaser is a “Purchaser” and collectively, the “Purchasers”).
SECURED DEBENTURESecured Debenture • July 3rd, 2006 • Chembio Diagnostics, Inc. • Pharmaceutical preparations • New York
FOR VALUE RECEIVED, Chembio Diagnostics, Inc., a Nevada corporation (the "Maker"), with its primary offices located at 3661 Horseblock Road, Medford, New York 11763, promises to pay to the order of ____________, or its registered assigns (the "Payee"), upon the terms set forth below, the principal sum of __________________ ($____________) plus interest on the unpaid principal sum outstanding at the rate of 0.667% per month (the “Debenture”). This Debenture is issued pursuant to terms and conditions of the Securities Purchase Agreement, dated as of June 29, 2006, between the Maker, Payee and other investors signatory thereto (the “Purchase Agreement”). Any terms used but not defined herein shall have the meanings given such terms in the Purchase Agreement.
SUBSIDIARY GUARANTEEChembio Diagnostics, Inc. • July 3rd, 2006 • Pharmaceutical preparations • New York
SUBSIDIARY GUARANTEE, dated as of June 29, 2006 (this “Guarantee”), made by Chembio Diagnostic Systems, Inc. (the “Guarantor” and together with any other entity that may become a party hereto as provided herein, the “Guarantors”), in favor of the purchasers signatory (the "Purchasers") to that certain Securities Purchase Agreement, dated as of the date hereof, between Chembio Diagnostics, Inc., a Nevada corporation (the “Company”) and the Purchasers.
