SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • January 13th, 2009 • Commerce Planet • Services-advertising agencies • New York
THIS SECURITIES PURCHASE AGREEMENT (“Agreement”) is made as of the 7th day of January, 2009, by and among Commerce Planet, Inc., a Utah corporation, with an address at 30 South La Patera Lane, Suite 8, Goleta, California 93117 (the “Company”), and the Investors set forth on the signature pages affixed hereto (each an “Investor” and collectively the “Investors”).
COMMERCE PLANET, INC. FORM OF Convertible noteConvertible Note • January 13th, 2009 • Commerce Planet • Services-advertising agencies
FOR VALUE RECEIVED, COMMERCE PLANET, INC., a Utah corporation (the "Company"), hereby promises to pay to the order of _________________ or registered assigns (the "Holder"), the amount set out above as the Original Principal Amount (as reduced pursuant to the terms hereof pursuant to redemption, conversion or otherwise, the "Principal") when due, whether upon the Maturity Date (as defined below), acceleration, redemption or otherwise (in each case in accordance with the terms hereof) and to pay interest ("Interest") on any outstanding Principal at the applicable Interest Rate from the date set out above as the Issuance Date (the "Issuance Date") until the same becomes due and payable, whether upon an Interest Date (as defined below), the Maturity Date or acceleration, conversion, redemption or otherwise (in each case in accordance with the terms hereof). This Convertible Note (including all Convertible Notes issued in exchange, transfer or replacement hereof, this "Note") is one of an
