SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • August 22nd, 2014 • POSITIVEID Corp • Communications equipment, nec • Nevada
This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of August 13, 2014, by and between PositiveID Corp., a Delaware corporation, with headquarters located at 1690 South Congress Avenue, Suite # 201, Delray Beach, FL 33445 (the “Company”), and TOLEDO ADVISORS, LLC, a Nevada limited liability company, with its address at 641 5th Street, Lakewood, NJ 08701 (the “Buyer”).
FINANCING AGREEMENTFinancing Agreement • August 22nd, 2014 • POSITIVEID Corp • Communications equipment, nec • New York
FOR VALUE RECEIVED, PositiveID Corp., (“PSID”), a Delaware corporation (the “Borrower”) with at least 82,000,000 common shares issued and outstanding, promises to pay to Macallan Partners, LLC or its Assignees (the “Lender”) the Principal Sum along with the Interest and any other fees according to the terms herein. This Agreement will become effective only upon execution by both parties and delivery of the first payment of consideration by the Lender (the “Effective Date”).
