Secured Convertible Promissory Notes definition
Examples of Secured Convertible Promissory Notes in a sentence
No adjustments shall be made pursuant to Section 4 hereof in connection with the issuance of the Common Stock upon the conversion, if any, of the Company's 12% Secured Convertible Promissory Notes or exercise of any warrants issued to the holders thereof in connection therewith.
The Company has filed a registration statement for the resale by the Selling Security Holders of up to 17,396,964 shares of common stock of Attitude Drinks Incorporated comprised of 1,760,600 shares of Common Stock, 9,272,722 shares of Common Stock underlying Class A and Class B Common Stock Purchase Warrants, and 6,363,642 shares of common stock for resale following conversion of $1,200,000 in Secured Convertible Promissory Notes.
The Company has or will issue Secured Convertible Promissory Notes in the aggregate principal amount of $4,000,000 and warrants to purchase up to 100,000 shares of Common Stock in connection with a bridge financing to close immediately prior to the closing of the transactions pursuant to the Asset Purchase Agreement.
The Company wishes to borrow funds from the Secured Parties and is willing to return such amounts to the Secured Parties in cash or in securities as contemplated in Secured Convertible Promissory Notes in the form attached to the Purchase Agreement as Exhibit B thereto and incorporated herein by this reference (the “Notes”).
The Lenders have sold certain assets to HVW which were paid in part by the issuance of certain Secured Convertible Promissory Notes (collectively, “Note” or the “Notes”) issued by HVW on, about or after the date of this Guaranty pursuant to that certain Asset Purchase Agreement dated at or about the date hereof (“Asset Purchase Agreement”).
Debtor has borrowed funds from each of the Lenders pursuant to certain Secured Convertible Promissory Notes in aggregate principal dollar amount of not less than $500,000 (the "BRIDGE NOTES")and/or other debt securities issued by the Debt in an aggregate dollar amount not to exceed $6 million ("FUTURE DEBT SECURITIES").
For additional information regarding the issuances of those shares of common stock and warrants, see “Private Placement of 15% OID Senior Secured Convertible Promissory Notes and Warrants” above.
The Company has authorized the issuance and sale to the Investors of Secured Convertible Promissory Notes in the form attached hereto as Exhibit B in the initial aggregate principal amount of $1,000,000 for an aggregate purchase price of $1,100,000 (a discount of 10%, collectively referred to as the “Notes” and individually as a “Note”).
The Corporation has issued its 10% Secured Convertible Promissory Notes (hereinafter the "Notes") to the Holders, which Notes total an aggregate amount of not more than Three Million Dollars (U.S.) ($3,000,000.00 USD).
For additional information regarding the issuance of the senior secured convertible promissory notes and the warrants, see “Private Placement of Senior Secured Convertible Promissory Notes and Warrants” above.We are registering the shares of common stock in order to permit the selling shareholders to offer the shares for resale from time to time.