PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • April 23rd, 2015 • Ener-Core Inc. • Miscellaneous chemical products • New York
PLEDGE AND SECURITY AGREEMENT, dated as of April 23, 2015 (this "Agreement"), made by Ener-Core, Inc., a Nevada corporation (the "Company"), Ener-Core Power, Inc. ("ECP"), a Delaware corporation, and each other Subsidiary of the Company and ECP hereafter becoming party hereto (together with the Company and ECP, each a "Grantor" and, collectively, the "Grantors"), in favor of Empery Tax Efficient, LP, in its capacity as collateral agent (in such capacity, the "Collateral Agent") for the Buyers (as defined below) party to the Securities Purchase Agreement, dated as of April 22, 2015 (as amended, restated or otherwise modified from time to time, the "Securities Purchase Agreement").
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • April 23rd, 2015 • Ener-Core Inc. • Miscellaneous chemical products • New York
SECURITIES PURCHASE AGREEMENT (the "Agreement"), dated as of April 22, 2015, by and among Ener-Core, Inc., a Nevada corporation, with headquarters located at 9400 Toledo Way, Irvine, California 92618 (the "Company"), and the investors listed on the Schedule of Buyers attached hereto (individually, a "Buyer" and collectively, the "Buyers").
Ener-Core Enters into Definitive Agreement for the Private Placement of $3.1 Million of Senior Secured Notes and WarrantsSenior Secured Notes and Warrants Agreement • April 23rd, 2015 • Ener-Core Inc. • Miscellaneous chemical products
IRVINE, CA – April 23, 2015 -- Ener-Core, Inc. (OTCQB: ENCR), the world’s only provider of Power Oxidation technology and equipment that generates clean power from low-quality and waste gases from a wide variety of industries, has entered into an agreement to sell $3.1 million of senior secured notes and warrants, in a private placement for aggregate gross proceeds of $3.1 million. The company intends to use the proceeds from this private placement for general corporate purposes and to fulfill the capital requirements for its global licensing agreement with Dresser-Rand. The company expects to close the sale of the secured notes on or around April 23, 2015.
