SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • November 16th, 2010 • Innovative Card Technologies Inc • Electronic components & accessories • California
This Securities Purchase Agreement (this “Agreement”) is dated as of October ___, 2010, between Innovative Card Technologies, inc., a Delaware corporation (the “Company”), and the purchaser identified on the signature page hereto (each, including its successors and assigns, a “Purchaser” and collectively, the “Purchasers”).
6% CONVERTIBLE DEBENTURE DUE October ___, 2012Innovative Card Technologies Inc • November 16th, 2010 • Electronic components & accessories • California
THIS 6% CONVERTIBLE DEBENTURE is a duly authorized and validly issued 6% Convertible Debentures of Innovative Card Technologies, Inc., a Delaware corporation, (the “Company”), having its principal place of business at 633 West Fifth Street, Suite 2600, Los Angeles, CA 90071, designated as its 6% Convertible Debenture due October ___, 2012 (this debenture, the “Debenture” and, collectively with the other debentures of such series, the “Debentures”).
COMMON STOCK PURCHASE WARRANT INNOVATIVE CARD TECHNOLOGIES, INC.Innovative Card Technologies Inc • November 16th, 2010 • Electronic components & accessories
THIS COMMON STOCK PURCHASE WARRANT (the “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 (the “Initial Exercise Date”) and on or prior to the close of business on the four year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Innovative Card Technologies, Inc., a Delaware corporation (the “Company”), up to ______ shares (the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
