SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • April 20th, 2021 • Grom Social Enterprises, Inc. • Services-computer programming, data processing, etc. • Delaware
This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of April 16, 2021, by and between GROM SOCIAL ENTERPRISES, INC., a Florida corporation, with headquarters located at 2060 NW Boca Raton Blvd. #6, Boca Raton, FL 33431 (the “Company”), and LABRYS FUND, LP, a Delaware limited partnership, with its address at 48 Parker Road, Wellesley, MA 02482 (the “Buyer”).
COMMON STOCK PURCHASE WARRANT GROM SOCIAL ENTERPRISES, INC.Security Agreement • April 20th, 2021 • Grom Social Enterprises, Inc. • Services-computer programming, data processing, etc. • Delaware
This COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received (in connection with the issuance of the promissory note in the principal amount of $300,000.00 to the Holder (as defined below) of even date) (the “Note”), Labrys Fund, LP, a Delaware limited partnership (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 GROM SOCIAL ENTERPRISES, INC., a Florida corporation (the “Company”), 3,750,000 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 securities purchase agreement dated April 16, 2021, by and among the Company and the Hol
