PLACEMENT AGENCY AGREEMENT December 16, 2010Placement Agency Agreement • December 17th, 2010 • Converted Organics Inc. • Agricultural chemicals • New York
Introduction. Subject to the terms and conditions herein (this “Agreement”), Converted Organics Inc., a Delaware corporation (the “Company”), hereby agrees to sell up to an aggregate of $4,990,000 principal amount of registered securities (the “Securities”) of the Company, including, but not limited to, units (“Units”) comprised of debt securities (“Debt Securities”) that are convertible into shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”) (the shares of Common Stock underlying the Debt Securities, the “Conversion Shares”), and common stock purchase warrants to purchase up to an aggregate of 9,999,980 shares of Common Stock (the “Warrants”) directly to various investors (each, an “Investor” and, collectively, the “Investors”) through Chardan Capital Markets, LLC, as placement agent (the “Placement Agent”). The aggregate purchase price to the Investors for all Units is $4,750,000 and the exercise price to the Investors for each share of common stock
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • December 17th, 2010 • Converted Organics Inc. • Agricultural chemicals • New York
This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of December 17, 2010, is by and among Converted Organics Inc., a Delaware corporation with headquarters located at 137A Lewis Wharf, Boston, Massachusetts 02110 (the “Company”), and each of the investors listed on the Schedule of Buyers attached hereto (individually, a “Buyer” and collectively, the “Buyers”).
