SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • March 5th, 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 5th, 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 937,500 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).
SUBSIDIARY GUARANTEESubsidiary Guarantee • March 5th, 2015 • Principal Solar, Inc. • Electric services • New York
SUBSIDIARY GUARANTEE, dated as of March 2, 2015 (this “Guarantee”), made by each of the signatories hereto (together with any other entity that may become a party hereto as provided herein, the “Guarantors”), in favor of the purchasers signatory (together with their permitted assigns, the “Purchasers”) to that certain Securities Purchase Agreement, dated as of the date hereof, between Principal Solar, Inc., a Delaware corporation (the “Company”) and the Purchasers.
