CONVERTIBLE NOTE DUE JUNE 5, 2020Convertible Security Agreement • June 17th, 2019 • Sylios Corp • Crude petroleum & natural gas • New York
THIS CONVERTIBLE NOTE is one of a series of duly authorized and validly issued Notes of Sylios Corp, a Florida corporation, (the “Borrower”), due June 5, 2020 (this note, the “Note” and, collectively with the other notes of such series, the “Notes”).
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • June 17th, 2019 • Sylios Corp • Crude petroleum & natural gas • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of June 5, 2019 between Sylios Corp, a Florida corporation and its predecessors (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and permitted assigns, a “Purchaser” and collectively, the “Purchasers”).
COMMON STOCK PURCHASE WARRANT SYLIOS CORPSecurity Agreement • June 17th, 2019 • Sylios Corp • Crude petroleum & natural gas
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received Armada Investment Fund, LLC or its registered assigns (the “Holder”), with an address at: 7703 Springfield Lake Drive, Lake Worth, FL 33467, 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”) and on or prior to the close of business on the fifth anniversary of the Issuance Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Sylios Corp., a Florida corporation (the “Company”), up to 220,000 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).
10% CONVERTIBLE PROMISSORY NOTE OF SYLIOS CORPConvertible Note • June 17th, 2019 • Sylios Corp • Crude petroleum & natural gas • California
This Note is a duly authorized Convertible Promissory Note of Sylios Corp. a corporation duly organized and existing under the laws of the State of Florida (the “Company”), designated as the Company’s 10% Convertible Promissory Note in the principal amount of $55,000 (the “Note”). This Note will become effective only upon execution by both parties and delivery of the first payment of consideration by the Holder (the “Effective Date”).
SECURED NOTESecured Note • June 17th, 2019 • Sylios Corp • Crude petroleum & natural gas • Tennessee
FOR VALUE RECEIVED, the undersigned (“Borrower”) promises to pay to the order of MTEL, a New Jersey limited liability company (“Lender”), the principal sum of ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000.00US).
LOAN AGREEMENTLoan Agreement • June 17th, 2019 • Sylios Corp • Crude petroleum & natural gas • Virginia
LOAN AGREEMENT AND PROMISSORY NOTELoan Agreement • June 17th, 2019 • Sylios Corp • Crude petroleum & natural gas • California
THIS LOAN AGREEMENT AND PROMISSORY NOTE, is made this 16th day of March, 2016, by and among SYLIOS CORP, a Corporation organized under the laws of the State of Florida (hereinafter, known as “BORROWER”) and Tangiers Investment Group, LLC, organized under the laws of the State of Delaware (hereinafter, known as “LENDER”). BORROWER and LENDER shall collectively be known herein as “the Parties”. In determining the rights and duties of the Parties under this Loan Agreement, the entire document must be read as a whole.
