SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • July 8th, 2008 • Solomon Technologies Inc • Motors & generators • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of June 30, 2008, by and among Solomon Technologies, Inc., a Delaware corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).
ORIGINAL ISSUE DISCOUNT VARIABLE RATE SELF-LIQUIDATING SENIOR SECURED CONVERTIBLE DEBENTURE DUE OCTOBER 1, 2009Solomon Technologies Inc • July 8th, 2008 • Motors & generators • New York
THIS ORIGINAL ISSUE DISCOUNT VARIABLE RATE SELF-LIQUIDATING SENIOR SECURED CONVERTIBLE DEBENTURE is one of a series of duly authorized and validly issued Original Issue Discount Variable Rate Self-Liquidating Senior Secured Convertible Debentures of Solomon Technologies, Inc., a Delaware corporation (the “Company”), having its principal place of business at 14 Commerce Drive, Danbury, CT 06810, designated as its Original Issue Discount Variable Rate Self-Liquidating Senior Secured Convertible Debenture due October 1, 2009 (this debenture, the “Debenture” and, collectively with the other such series of debentures, the “Debentures”). This Debenture was issued for an original issue discount.
