CONVERTIBLE NOTE DUE JULY 29, 2020Convertible Security Agreement • July 31st, 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 July 29, 2020 (this note, the “Note” and, collectively with the other notes of such series, the “Notes”).
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • July 31st, 2019 • Sylios Corp • Crude petroleum & natural gas • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of July 25, 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 • July 31st, 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 256,667 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).
COMMON STOCK PURCHASE WARRANT SYLIOS CORP.Security Agreement • July 31st, 2019 • Sylios Corp • Crude petroleum & natural gas
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received Fourth Man LLC or its registered assigns (the “Holder”), with an address at: 21520 Yorba Linda Blvd., Suite G PMB 335, Yorba Linda, California 92887, 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 256,667 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).
