Eviation Aircraft Ltd. Eviation Aircraft enters into a Share Purchase Agreement with Timon Ltd.Share Purchase Agreement • January 3rd, 2019 • Eviation Aircraft Ltd. • Services-computer integrated systems design
On January 3, 2019, Eviation Aircraft Ltd. (the “Company”) entered into a Share Purchase Agreement with Timon Ltd., an Isle of Man company (the “SPA” and the “Investor”, respectively). Pursuant to the terms of the SPA, the Investor made an investment in the Company in the aggregate amount of US$ 10,000,000 (the “Investment Amount”).
Eviation Aircraft Ltd. Eviation Aircraft enters into a Note Purchase Agreement with Clermont Energy Pte. Ltd.Note Purchase Agreement • January 3rd, 2019 • Eviation Aircraft Ltd. • Services-computer integrated systems design
On January 3, 2019, Eviation Aircraft Ltd. (the “Company”) entered into a Note Purchase Agreement with Clermont Energy Pte. Ltd., a company incorporated in Singapore (the “NPA” and the “Investor”, respectively). Pursuant to the terms of the NPA, the Company will, subject to the fulfillment of certain conditions as set out in the NPA, issue to the Investor a convertible promissory note (the “Note”, and the date on which the Note will be issued, the “Closing Date”), in consideration for a loan to the Company from the Investor in the aggregate amount of US$76 million (the “Purchase Price”). Subject to the conditions described below, the Note will be convertible into such number of Series A Preferred Shares of no par value of the Company representing 70% of the total number of issued and outstanding shares of the Company on a fully diluted, as-converted basis as of the date of conversion of the Note (the “Conversion Shares”). An initial amount of US$10 million on account of the Purchase Pr
