NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE...Crown Electrokinetics Corp. • June 5th, 2020 • Electronic components, nec • New York
THIS NOTE WAS ISSUED WITH ORIGINAL ISSUE DISCOUNT UNDER SECTIONS 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. YOU MAY CONTACT DOUGLAS CROXALL, AT 1110 NE CIRCLE BLVD., SUITE 1075, CORVALLIS, OREGON 97330, WHO WILL PROVIDE YOU WITH ANY REQUIRED INFORMATION REGARDING THE ORIGINAL ISSUE DISCOUNT.
CONVERTIBLE NOTE PURCHASE AGREEMENTConvertible Note Purchase Agreement • June 5th, 2020 • Crown Electrokinetics Corp. • Electronic components, nec • New York
This Convertible Note Purchase Agreement (this “Agreement”) is dated as of June 2, 2020, by and among [●] (the “Purchaser”), and Crown ElectroKinetics Corp., a Delaware corporation with offices located at 1110 NE Circle Blvd., Suite 1075, Corvallis, Oregon 97330 (“Crown” or the “Company”).
COMMON STOCK PURCHASE WARRANT CROWN ELECTROKINETICS CORP.Crown Electrokinetics Corp. • June 5th, 2020 • Electronic components, nec
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, [●] 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 June 3, 2020 (the “Initial Exercise Date”) and on or prior to the close of business on the five-year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Crown ElectroKinetics Corp., a Delaware corporation (the “Company”), up to fifty percent (50%) of that number of shares of Common Stock into which that certain 12% Senior Convertible Promissory Note of the Company in favor of the Holder of even date herewith (the “Promissory Note”) may be converted (as more definitively set forth in footnote 1 hereto)1 (in any event, 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
