ContractSeries B Convertible 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 __
Form 3 - Clever Mind International Limited Clever Mind International Limited ("Clever Mind") is the record owner of 20,009,679 shares of the Company's Series "B" Convertible Preferred Stock ("Series B Preferred") or 41.69% of the Series B Preferred...Series B Convertible Preferred Stock Agreement • November 17th, 2005 • Clever Mind International LTD • Services-prepackaged software
Clever Mind International Limited ("Clever Mind") is the record owner of 20,009,679 shares of the Company's Series "B" Convertible Preferred Stock ("Series B Preferred") or 41.69% of the Series B Preferred stock. Upon the effective date of the Company's filing of an amendment to Company's Articles of Incorporation increasing the number of shares of Common Stock the Company is authorized to issue that is sufficient to permit full conversion of all Series B Preferred shares into shares of common stock ("Conversion Event"), each share of Series B Preferred outstanding shall automatically convert to shares of the Company's common stock. The Total Aggregate Number of Series B Preferred outstanding shall be converted upon the Conversion Event into an amount of shares of the Company's common stock equal to 89.5% of the total outstanding shares of the Company's common stock at the time of conversion; with each holder of the Series B Preferred receiving their share of the Company's common stock
