BRIDGE LOAN AGREEMENTBridge Loan Agreement • September 18th, 2014 • PSM Holdings Inc • Mortgage bankers & loan correspondents • Oklahoma
This Bridge Loan Agreement (the “Agreement”) dated September 12, 2014, is by, between, and among PSM Holdings, Inc., a Delaware corporation (the “Borrower”), on the one hand, and Jeffrey R. Smith (the “Lender”), on the other hand.
PSM HOLDINGS, INC. (A DELAWARE CORPORATION) COMMON STOCK PURCHASE WARRANTCommon Stock Purchase Warrant • September 18th, 2014 • PSM Holdings Inc • Mortgage bankers & loan correspondents
This certifies that for value received, Jeffrey R. Smith or registered assigns (the “Registered Owner”), is the owner of Forty-Eight Thousand (48,000) common stock purchase warrants (the “Warrants”), each of which Warrants entitles the Registered Owner to purchase at any time during the period expiring at 5:00 P.M. Eastern Time on September 12, 2019, (the “Exercise Period”) one fully paid and non-assessable share of common stock, par value $0.001 per share (the “Common Stock”), of PSM Holdings, Inc., a Delaware corporation (the “Company”), upon payment of the exercise price of $0.40 per share (the “Exercise Price”); provided, however, that the number of shares of the Common Stock purchasable upon exercise of each Warrant may be increased or reduced and the Exercise Price adjusted in the event of certain contingencies described below.
ContractConvertible Promissory Note • September 18th, 2014 • PSM Holdings Inc • Mortgage bankers & loan correspondents • Oklahoma
THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR REGISTERED OR QUALIFIED UNDER ANY APPLICABLE STATE SECURITIES LAWS. IT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND REGISTRATION OR QUALIFICATION UNDER ANY APPLICABLE STATE SECURITIES LAWS OR (B) AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE BORROWER THAT SUCH REGISTRATION AND QUALIFICATION ARE NOT REQUIRED PURSUANT TO AN EXEMPTION UNDER SUCH ACT AND SECURITIES LAWS.
