PRINCIPAL SOLAR, INC. SUMMARY OF TERMS 8% SENIOR SECURED CONVERTIBLE DEBENTURE July 1, 2015Convertible Debenture Agreement • July 8th, 2015 • Principal Solar, Inc. • Electric services • Texas
This Binding Term Sheet (the “Agreement”) sets forth the general terms and conditions of the purchase by Purchaser (defined below) of the Convertible Debentures defined below. This Agreement is intended to be, and is, binding on the parties hereto, subject only to the good faith negotiation and execution of definitive Transaction Documents (defined below), and the parties agree to execute the Transaction Documents as expeditiously as possible, and no later than July 10, 2015.
