SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • April 14th, 2016 • Cachet Financial Solutions, Inc. • Blank checks • Minnesota
This Securities Purchase Agreement (this “Agreement”) is dated as of February 24, 2016, by and among Cachet Financial Solutions, Inc., a Delaware corporation (the “Company”), and the parties indicated as Purchasers on one or more counterpart signature pages hereof (each of which is a “Purchaser,” and collectively the “Purchasers”).
Cachet Financial Solutions, Inc. 18671 Lake Drive E. Southwest Tech Center A Minneapolis, MN 55317 March 31, 2016Securities Purchase Agreement • April 14th, 2016 • Cachet Financial Solutions, Inc. • Blank checks • New York
In connection with the Securities Purchase Agreement dated as of March 31, 2016 amongst Cachet Financial Solutions, Inc. (the “Company”) and Aracle SPF IV, LLC (the “Investor”) and the other purchasers party thereto, we hereby acknowledge the following:
Letter AgreementBorrowing Arrangement • April 14th, 2016 • Cachet Financial Solutions, Inc. • Blank checks
Michael J. Hanson hereby agrees to amend the final sentence of paragraph (a) of the “BORROWING AND REPAYMENT” section of the LOC Note to read as follows: “Cachet Financial Solutions, Inc. agrees to make interest only payments on June 30, 2016, September 30, 2016 and December 31, 2016. The interest only payment is for interest that accrues on the principal balance from February 1, 2016 to date of payment. The outstanding principal and accrued interest balance of the Note shall be due and payable in full on January 31, 2017 (“Maturity Date”).”
Letter AgreementDemand Promissory Note • April 14th, 2016 • Cachet Financial Solutions, Inc. • Blank checks
Michael J. Hanson hereby agrees to amend the first sentence of section 3 Payments, to read as follows: “The Principal Amount of this Note and any sums owed hereunder, shall be due and payable at the close of business on January 11, 2017.”
Addendum #3 to Commitment LetterCommitment Letter • April 14th, 2016 • Cachet Financial Solutions, Inc. • Blank checks
WHEREAS, Cachet Financial Solutions, Inc. (“Borrower”) and Mike Hanson (“Lender”) (collectively “Parties”) entered into a Commitment Letter, effective July 30th, 2014 and as amended in previous addendums (collectively the “Agreement”); and
Letter AgreementDemand Promissory Note • April 14th, 2016 • Cachet Financial Solutions, Inc. • Blank checks
James L. Davis hereby agrees to amend the first sentence of section 3 Payments, to read as follows: “The Principal Amount of this Note and any sums owed hereunder, shall be due and payable at the close of business on January 31, 2017.”
