Ener-Core Enters into Definitive Agreement for Final Tranche of Private Placement of $1.9 Million of Senior Secured Notes and WarrantsSenior Secured Notes and Warrants Agreement • May 7th, 2015 • Ener-Core Inc. • Miscellaneous chemical products
IRVINE, CA – May 7, 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 the final tranche of an agreement to sell $1.9 million of senior secured notes and warrants, in a private placement for aggregate gross proceeds of $1.9 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 May 7, 2015.
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • May 7th, 2015 • Ener-Core Inc. • Miscellaneous chemical products • New York
SECURITIES PURCHASE AGREEMENT (the "Agreement"), dated as of May 7, 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").
FIRST AMENDMENT TO SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • May 7th, 2015 • Ener-Core Inc. • Miscellaneous chemical products • New York
THIS FIRST AMENDMENT TO SECURITIES PURCHASE AGREEMENT (this “Amendment”) is made and entered into as of May 7, 2015 by and among Ener-Core, Inc., a Nevada corporation (the “Company”), Empery Tax Efficient, LP (the “Collateral Agent”) and the undersigned, and amends that certain Securities Purchase Agreement, dated as of April 22, 2015 (the “Agreement”), by and among the Company, the "Buyers" identified therein, and the Collateral Agent. Capitalized terms used herein but not otherwise defined herein shall have the meanings ascribed to such terms in the Agreement.
FIRST AMENDMENT TO THE PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • May 7th, 2015 • Ener-Core Inc. • Miscellaneous chemical products • New York
This FIRST AMENDMENT TO THE PLEDGE AND SECURITY AGREEMENT, dated as of May 7, 2015 (this "First Amendment"), is entered into by and among 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"), and Empery Tax Efficient, LP, in its capacity as collateral agent (in such capacity, the “Collateral Agent”) for (a) the buyers listed in the Schedule of Buyers (the “April 2015 Investors”) attached to that certain Securities Purchase Agreement dated April 22, 2015 entered into by and among the Company and the April 2015 Investors (as the same may be amended, restated or otherwise modified from time to time, the “April 2015 SPA”), and (b) the buyers listed in the Schedule of Buyers (the “May 2015 Investors”) attached to that certain Securities Purchase Agreement, dated as of
