INTELLECTUAL PROPERTY SECURITY AGREEMENTIntellectual Property Security Agreement • March 5th, 2024 • Bakhu Holdings, Corp. • Patent owners & lessors
THIS INTELLECTUAL PROPERTY SECURITY AGREEMENT (“IP Security Agreement”) is entered into effective as of February 26, 2024, by and between BAKHU HOLDINGS, CORP., a Nevada corporation (“Debtor”), and the several secured parties listed on Appendix A and signatories hereto on counterpart signature pages hereof (the “Secured Parties”), who are the holders of a series of promissory notes issued by Debtor and designated as the Convertible Senior Secured Promissory Notes in the aggregate principal amount of up to $20,000,000 (the “Notes”) issued pursuant to that certain Securities Purchase Agreement of even date herewith among the Debtor and the purchasers of Notes of even date herewith, and all exhibits thereto and documents related thereto (the “Transaction Agreements”).
WARRANT TO PURCHASE COMMON STOCK OF BAKHU HOLDINGS, CORP.Warrant Agreement • March 5th, 2024 • Bakhu Holdings, Corp. • Patent owners & lessors • Nevada
THIS WARRANT (this “Warrant”) certifies that, for value received, _____________________ (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof and on or before the close of business on February 26, 2030 (the “Termination Date”) but not thereafter, to subscribe for and purchase from BAKHU HOLDINGS, CORP., a Nevada corporation (the “Company”), shares of the Company’s common stock, par value $0.001 (the “Warrant Shares”). The maximum number of shares that Holder may subscribe for and purchase from the Company pursuant to this Warrant will be determined by (1) adding the original principal amount of that certain Convertible Senior Secured Promissory Note of even date herewith issued by the Company to Holder (the “Convertible Note”), plus all interest paid or payable to Holder as of the date of exercise of this Warrant and (2) dividing that sum by the Exercise Price as defined i
GENERAL SECURITY AGREEMENTGeneral Security Agreement • March 5th, 2024 • Bakhu Holdings, Corp. • Patent owners & lessors • Nevada
THIS GENERAL SECURITY AGREEMENT (“Agreement”) entered into and effective as of the February 26, 2024 (the ‘Effective Date”), is entered into by, between, and among BAKHU HOLDINGS, CORP., a Nevada corporation (“Debtor”), and the several secured parties listed on Appendix A and signatories hereto on counterpart signature pages hereof (each, a “Secured Party,” and collectively, the “Secured Parties”), who are the holders of a series of promissory notes issued by Debtor and designated as the Convertible Senior Secured Promissory Notes in the aggregate principal amount of up to $20,000,000 (the “Notes”) issued pursuant to that certain Securities Purchase Agreement of even date herewith.
