SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • January 3rd, 2017 • Digital Ally Inc • Radio & tv broadcasting & communications equipment • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of December 30, 2016, between Digital Ally, Inc., a Nevada corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively, the “Purchasers”).
COMMON STOCK PURCHASE WARRANT digital ally, inc.Common Stock Purchase Warrant • January 3rd, 2017 • Digital Ally Inc • Radio & tv broadcasting & communications equipment
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ 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 December 30, 2016 (the “Initial Exercise Date”) and on or prior to the close of business on the five (5) year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Digital Ally, Inc., a Nevada corporation (the “Company”), up to ______ 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).
8% SENIOR SECURED CONVERTIBLE DEBENTURE DUE MARCH 30, 2018Convertible Security Agreement • January 3rd, 2017 • Digital Ally Inc • Radio & tv broadcasting & communications equipment • New York
THIS 8% SENIOR SECURED CONVERTIBLE DEBENTURE is one of a series of duly authorized and validly issued 8% Senior Secured Convertible Debentures of Digital Ally, Inc., a Nevada corporation (the “Company”), having its principal place of business at 9705 Loiret Boulevard, Lenexa, Kansas 66219, designated as its 8% Senior Secured Convertible Debenture due March 30, 2018 (this debenture, the “Debenture” and, collectively with the other debentures of such series, the “Debentures”).
SECURITY AGREEMENTSecurity Agreement • January 3rd, 2017 • Digital Ally Inc • Radio & tv broadcasting & communications equipment • New York
This SECURITY AGREEMENT, dated as of December 30, 2016 (this “Agreement”), is among Digital Ally, Inc., a Nevada corporation (the “Company”), all of the Subsidiaries of the Company (such subsidiaries, the “Guarantors” and together with the Company, the “Debtors”) and the holders of the Company’s 8% Senior Secured Convertible Debentures due fifteen (15) months following their issuance, in the original aggregate principal amount of $4,000,000 (collectively, the “Debentures”) signatory hereto, their endorsees, transferees and assigns (collectively, the “Secured Parties”).
SUBSIDIARY GUARANTEESubsidiary Guarantee • January 3rd, 2017 • Digital Ally Inc • Radio & tv broadcasting & communications equipment • New York
SUBSIDIARY GUARANTEE, dated as of December 30, 2016 (this “Guarantee”), made by each of the signatories hereto (together with any other entity that may become a party hereto as provided herein, the “Guarantors”), in favor of the purchasers signatory (together with their permitted assigns, the “Purchasers”) to that certain Securities Purchase Agreement, dated as of the date hereof, between Digital Ally, Inc., a Nevada corporation (the “Company”) and the Purchasers.
