SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • November 13th, 2014 • Coates International LTD \De\ • Engines & turbines • New York
This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of July 7, 2014, by and between COATES INTERNATIONAL, LTD., a Delaware corporation, with headquarters located at 2100 Highway 34, Wall Township, NJ 07719 (the “Company”), and KBM WORLDWIDE, INC., a New York corporation, with its address at 80 Cuttermill Road, Suite 410, Great Neck, NY 11021 (the “Buyer”).
COATES INTERNATIONAL, LTD. Convertible NoteCoates International LTD \De\ • November 13th, 2014 • Engines & turbines • Nevada
FOR VALUE RECEIVED, COATES INTERNATIONAL, LTD., a Delaware corporation (the "Company"), hereby promises to pay to the order of Cardinal Capital Group, Inc. 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, upon the Maturity Date or acceleration, conversion, redemption or otherwise (in each case in accordance with the terms hereof).
