ContractConvertible Preferred Stock Agreement • May 5th, 2020 • Texas
EX-10.106 7 seriesbconvertiblepreferre.htm EXHIBIT 10.106 SERIES B CONVERTIBLE PREFERRED STOCK AGREEMENT THIS SERIES B CONVERTIBLE PREFERRED STOCK AGREEMENT (this “Agreement”) is made as of the ____th day of ________, 201__ by and between Alon USA Energy, Inc., a Delaware corporation (the “Company”), Alon Brands, Inc., a Delaware corporation (“Alon Brands”) and ____________________, a _________________ formed under the laws of __________________ (the “Investor”). WHEREAS, in February 2011 Alon Brands issued $30.0 million five-year unsecured notes (the “Alon Brands Notes”) and in March 2011 the Company issued 3,092,783 warrants to purchase shares of Common Stock (as defined below) at an initial exercise price per share of $9.70 (the “Alon Warrants”) to a group of investors pursuant the terms of the Loan Agreements (as defined below); WHEREAS, the Investor is the holder of $____________ of the Alon Brands Notes (the “Investor Notes”) and the holder of Alon Warrants for the purchase of __
