SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • March 30th, 2020 • Taoping Inc. • Services-prepackaged software • New York
This Securities Purchase Agreement (this “Agreement”) is made as of March 27, 2020, by and between Taoping Inc., a BVI business company (the “Company”) and each investor identified on the signature pages hereto (each, including its successors and assigns, an “Investor” and collectively the “Investors”).
CONVERTIBLE PROMISSORY NOTEConvertible Note Agreement • March 30th, 2020 • Taoping Inc. • Services-prepackaged software • New York
This Note carries an original issue discount of $40,000 (the “OID”), to cover the Holder’s accounting fees, due diligence fees, monitoring, and/or other transactional costs associated with the purchase and sale of the Note, which is included in the Principal Amount of this Note. Thus, the Purchase Price of this Note shall be $700,000, computed as follows: the Principal Amount minus the OID. The Purchase Price shall be payable by the Holder by wire transfer of immediately available funds.
TAOPING INC. ORDINARY SHARES PURCHASE WARRANTWarrant Agreement • March 30th, 2020 • Taoping Inc. • Services-prepackaged software
This Warrant is being issued pursuant to that certain Securities Purchase Agreement, dated March 27, 2020 (the “Purchase Agreement”), by and between the Company and the Initial Holder.
