THIS NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATES IN THE UNITED STATES. THESE SECURITIES ARE SUBJECT TO...Preferred Stock Financing • August 14th, 2019 • Adynxx, Inc. • Surgical & medical instruments & apparatus • Delaware
THIS CONVERTIBLE PROMISSORY NOTE AND ALL PAYMENT AND ENFORCEMENT PROVISIONS HEREIN ARE UNSECURED OBLIGATIONS OF THE COMPANY AND SUBJECT TO THE TERMS OF A SUBORDINATION AGREEMENT DATED AS OF MARCH 29, 2018, BY AND AMONG THE HOLDER (AS DEFINED HEREIN) AND OXFORD FINANCE LLC (THE “SUBORDINATION AGREEMENT”). IN THE EVENT OF ANY INCONSISTENCY BETWEEN THIS CONVERTIBLE PROMISSORY NOTE AND THE SUBORDINATION AGREEMENT, THE TERMS OF THE SUBORDINATION AGREEMENT SHALL CONTROL.
