COMMON STOCK PURCHASE WARRANT CACHET FINANCIAL SOLUTIONS, INC.Securities Agreement • July 15th, 2016 • Cachet Financial Solutions, Inc. • Blank checks • Minnesota
This COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received (in connection with the $360,000.00 convertible promissory note issued to the Holder (as defined below) of even date herewith (the “Note”)), James L. Davis (including any permitted and registered 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 of issuance hereof, to purchase from Cachet Financial Solutions, Inc., a Delaware corporation (the ”Company”), up to 300,000 shares of Common Stock (as defined below) (the “Warrant Shares”) (subject to adjustment for forward or reverse stock splits) at the Exercise Price per share then in effect. This Warrant is issued by the Company as of the Issuance Date in connection with that certain convertible promissory note (the “Convertible Promissory Note”) dated the date hereof issued by the Company to Holder.
CONVERTIBLE PROMISSORY NOTEConvertible Security Agreement • July 15th, 2016 • Cachet Financial Solutions, Inc. • Blank checks • Minnesota
THIS CONVERTIBLE PROMISSORY NOTE is a duly authorized and validly issued convertible note of Cachet Financial Solutions, Inc., a Delaware corporation, (the “Company”), having its principal place of business at 18671 Lake Drive East, Southwest Tech Center A, Minneapolis, MN 55317 (the “Note”).
Addendum #4 to Commitment LetterCommitment Letter • July 15th, 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
CONVERTIBLE PROMISSORY NOTEConvertible Security Agreement • July 15th, 2016 • Cachet Financial Solutions, Inc. • Blank checks • Minnesota
THIS CONVERTIBLE PROMISSORY NOTE is a duly authorized and validly issued convertible note of Cachet Financial Solutions, Inc., a Delaware corporation, (the “Company”), having its principal place of business at 18671 Lake Drive East, Southwest Tech Center A, Minneapolis, MN 55317 (the “Note”).
Letter AgreementBorrowing Arrangement • July 15th, 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 January 31, 2017. 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”).”
