SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • March 3rd, 2015 • Principal Solar, Inc. • Electric services • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of March 2, 2015, between Principal Solar, Inc., a Delaware corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively, the “Purchasers”).
COMMON STOCK PURCHASE WARRANT PRINCIPAL SOLAR, INC.Principal Solar, Inc. • March 3rd, 2015 • Electric services
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Alpha Capital Anstalt 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 March 2, 2015 (the “Initial Exercise Date”) and on or prior to 11:59 p.m. (NY time) on September 1, 202011 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Principal Solar, Inc., a Delaware corporation (the “Company”), up to 625,000 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).
SECURITY AGREEMENTSecurity Agreement • March 3rd, 2015 • Principal Solar, Inc. • Electric services • New York
This SECURITY AGREEMENT, dated as of March 2, 2015 (this “Agreement”), is among Principal Solar, Inc., a Delaware corporation (the “Company”), certain of the Subsidiaries of the Company that are a party hereto (such subsidiaries, the “Guarantors” and together with the Company, the “Debtors”) and the holders of the Company’s 8% Senior Secured Convertible Debentures due 6 months following their issuance, in the original aggregate principal amount of $1,250,000 (collectively, the “Debentures”) signatory hereto, their endorsees, transferees and assigns (collectively, the “Secured Parties”).
