SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • November 8th, 2021 • Infinite Group Inc • Services-computer programming, data processing, etc. • Delaware
This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of November 3, 2021, by and between INFINITE GROUP, INC., a Delaware corporation, with headquarters located at 175 Sully’s Trail, Suite 202, Pittsford, NY 14534 (the “Company”), and MAST HILL FUND, L.P., a Delaware limited partnership, with its address at 48 Parker Road, Wellesley, MA 02482 (the “Buyer”).
COMMON STOCK PURCHASE WARRANTInfinite Group Inc • November 8th, 2021 • Services-computer programming, data processing, etc. • Delaware
This COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received (in connection with facilitating a financing arrangement for the Company), J.H. Darbie & Co., Inc., a New York corporation (including any permitted and registered 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 of issuance hereof, to purchase from INFINITE GROUP, INC., a Delaware corporation (the “Company”), 160,125 shares of Common Stock (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 agreement dated October 14, 2021, by and among the Company and the Holder (the “Finder’s Fee Agreement”).
SUBSCRIPTION AGREEMENTSubscription Agreement • November 8th, 2021 • Infinite Group Inc • Services-computer programming, data processing, etc. • Delaware
THIS SUBSCRIPTION AGREEMENT (this “Agreement”), is made and entered into as of November 2, 2021 (the “Effective Date”), by and between Infinite Group, Inc., a Delaware corporation (the “Company”), and Richard Popper (the “Purchaser”).
