SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • March 2nd, 2020 • Franchise Holdings International, Inc. • Motor vehicle parts & accessories • New York
This SECURITIES PURCHASE AGREEMENT (the “Agreement”) is made as of February 25, 2020 by and among FRANCHISE HOLDINGS INTERNATIONAL, INC. a Nevada corporation and WORKSPORT, LTD., an Ontario corporation (collectively “the “Company”), and LEONITE CAPITAL LLC, a Delaware limited liability company (the “Purchaser”).
COMMON SHARE PURCHASE WARRANT FRANCHISE HOLDINGS INTERNATIONAL, INC.Security Agreement • March 2nd, 2020 • Franchise Holdings International, Inc. • Motor vehicle parts & accessories • New York
This COMMON SHARE PURCHASE WARRANT (the “Warrant”) certifies that, for value received (in connection with the issuance of the $544,425.09 senior secured convertible promissory note to the Holder (as defined below) of even date (the “Note”), Leonite Capital, LLC, a Delaware limited liability company (including any permitted and registered assigns, each a “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 Franchise Holdings International, Inc., an a Nevada corporation (the “Company”), up to 900,000 common shares (the “Warrant Shares”) (whereby such number may be adjusted from time to time pursuant to the terms and conditions of this Warrant) at the Exercise Price per share then in effect. This Warrant is issued by the Company as of the date hereof in connection with that certain securities purchase agreement, dated February 25, 2020, by and betwee
SECURITY AND PLEDGE AGREEMENTSecurity and Pledge Agreement • March 2nd, 2020 • Franchise Holdings International, Inc. • Motor vehicle parts & accessories • New York
This SECURITY AND PLEDGE AGREEMENT (the “Agreement”) is made and entered into on February 25, 2020 by and between Franchise Holdings International, Inc. (“FNHI”), a Nevada corporation, and Worksport, Ltd. (“Worksport”), an Ontario corporation, (collectively “the “Debtor”) and Leonite Capital LLC, a Delaware limited liability company, and its permitted endorsees, transferees and assigns (collectively, the “Secured Party”).
