FORM OF COMMON STOCK PURCHASE WARRANT DIGITAL POWER CORPORATIONIroquois Capital Management, LLC • June 15th, 2017 • Electronic components, nec
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Iroquois Master Fund, Ltd. or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the six (6) month anniversary of the Initial Issuance Date (the “Initial Exercise Date”) and on or prior to the close of business on October 17, 2022 (the “Termination Date”) but not thereafter, to subscribe for and purchase from DIGITAL POWER CORPORATION, a California corporation (the “Company”), up to 83,334 shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
COMMON STOCK PURCHASE WARRANT DIGITAL POWER CORPORATIONCommon Stock Purchase Warrant • June 15th, 2017 • Iroquois Capital Management, LLC • Electronic components, nec • California
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that Iroquois Master Fund Ltd., or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time commencing on the six month after the Issue Date and ending on or prior to 5:00 P.M. on April 5, 2022 (the “Termination Date”), to purchase from Digital Power Corporation, a California corporation (the “Company”), up to 83,334 shares (as subject to adjustment hereunder, the “Warrant Shares”) of common stock, no par value per share, of the Company (“Common Stock”), at the per share Exercise Price as defined in Section 2(b).
JOINT FILING AGREEMENTJoint Filing Agreement • June 15th, 2017 • Iroquois Capital Management, LLC • Electronic components, nec
In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including additional amendments thereto) with respect to the shares of Common Stock, no par value per share, of Digital Power Corporation, a California corporation. This Joint Filing Agreement shall be filed as an Exhibit to such Statement.
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • June 15th, 2017 • Iroquois Capital Management, LLC • Electronic components, nec • California
This Securities Purchase Agreement, dated as of April 17, 2017 (this “Agreement”), is entered into by and between Digital Power Corporation, a California corporation (the “Company”), and Iroquois Master Fund, Ltd. (the “Investor”).
CONVERTIBLE NOTEConvertible Note • June 15th, 2017 • Iroquois Capital Management, LLC • Electronic components, nec
FOR VALUE RECEIVED, the undersigned, DIGITAL POWER CORPORATION, a California corporation (“Borrower” or the “Company”), HEREBY UNCONDITIONALLY PROMISES TO PAY to IROQUOIS MASTER FUND, LTD. and/or its successors and assigns (“Lender”), on the Maturity Date of June 2, 2017, ONE HUNDRED TWENTY-FIVE THOUSAND AND 00/100 DOLLARS ($125,000.00). All payments shall be credited first to accrue but unpaid interest due under the Note, and second, to the reduction of the unpaid principal. The entire unpaid balance of the principal and accrued interest thereon shall be due and payable upon the Maturity Date.
