SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • December 21st, 2023 • Bio Key International Inc • Services-prepackaged software • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of December 20, 2023, between BIO-key International, Inc., a Delaware corporation (the “Company”), and Dillon Hill Investment Company LLC, a Delaware limited liability company (the “Purchaser”).
PRE-FUNDED COMMON STOCK PURCHASE WARRANT BIO-KEY INTERNATIONAL, INC.Security Agreement • December 21st, 2023 • Bio Key International Inc • Services-prepackaged software
THIS PRE-FUNDED COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Dillon Hill Investment Company, LLC or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) until this Warrant is exercised in full (the “Termination Date”) but not thereafter, to subscribe for and purchase from BIO-key International, Inc., a Delaware corporation (the “Company”), up to 2,270,355 shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
