文档介绍:CONVERTIBLENOTE PURCHASEAGREEMENTThis ConvertibleNote PurchaseAgreement(theﻩ“Agreement")isentered intoonthebyandamong:
lyviaexchangeofdocumentsand signatureswithin()BusinessDaysafter theconditions setforthinSection3havebeenfulfilledorwaived inwritingbythePurchaser, oratsuchothertime andplaceasthe Companyand thePurchasermaymutually agreeuponinwriting(which time andplacearedesignatedasthe“Closing”).
Atthe Closing,theCompanyand theFoundersshalldelivertothePurchaser eachNote Documentduly executed thereby towhichit/heisaparty,against(A) paymentof thePurchasePricebythe Purchaserby wiretransferofimmediatelyavailablefundsinUnited Statesdollarsto abankaccountdesignatedbythe Companyat least () BusinessDaysbefore the Closingin writing,and(B)deliveryby the PurchaserofeachNoteDocument dulyexecutedthereby towhichit isa party.
Senior Indebtedness.TheIndebtednesscreatedpursuant to theNoteDocumentsshallbeseniorin allrespects(includingrightofpayment),astoprincipalandanyand allotherliabilities and obligations,to allother IndebtednessoftheCompany,whethernowexisting orhereafter created.
writtenconsent ofthePurchaser,the Companyshall onlyusetheproceedsofthe Purchase Price for [productresearchand development,businessexpansion,andworkingcapital].
RepresentationsandWarrantiesoftheCompanyandof the Founder.ﻩEachWarrantor herebyjointly andseverallyrepresentsandwarrantstothePurchaserasofthedateofthisAgreementandas ofthe dateof theClosing that:
Organization,GoodStandingandQualification.
TheCompany is anexemptedcompanydulyorganized,validlyexistingandingoodstanding undertheLawsof[theCayman Islands]andhasallrequisitecorporatepower,authorityand governmental consents,licenses and approvalstocarryon itsbusiness asnow conducted andas currentlyproposedto Company isdulyqualifiedtotransactbusinessandis ingoodstandingineachotherjurisdictionwherefailure toso qualifywouldhavea Material AdverseEffect.
EachSubsidiaryofthe Company isa limitedliabilitycompany