SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • June 9th, 2021 • American Resources Corp • Services-miscellaneous repair services • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of June 7, 2021, between American Resources Corporation., a Florida 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 AMERICAN RESOURCES CORPORATIONCommon Stock Purchase Warrant • June 9th, 2021 • American Resources Corp • Services-miscellaneous repair services
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 the date hereof (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on June ___, 2026 (the “Termination Date”) but not thereafter, to subscribe for and purchase from American Resources Corporation, a Florida corporation (the “Company”), up to [______] 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).
June 7, 2021 Mark Jensen Chief Executive Officer American Resources Corporation 12115 Visionary Way, Suite 174 Fishers, Indiana 46038 Dear Mr. Jensen:American Resources Corp • June 9th, 2021 • Services-miscellaneous repair services • New York
This letter (the “Agreement”) constitutes the agreement between, Kingswood Capital Markets, division of Benchmark Investments, LLC (“Kingswood”, or the “Placement Agent”) and American Resources Corporation, a company incorporated under the laws of the State of Florida (the “Company”), pursuant to which the Placement Agent shall serve as the exclusive placement agent for the Company, on a “reasonable best efforts” basis, in connection with the proposed placement (the “Placement”) of equity and/or equity derivatives (the “Securities”) of the Company, par value $0.001 per share (“Common Stock”). The terms of the Placement and the Securities shall be mutually agreed upon by the Company and the purchasers (each, a “Purchaser” and collectively, the “Purchasers”) and nothing herein constitutes that the Placement Agent would have the power or authority to bind the Company or any Purchaser or an obligation for the Company to issue any Securities or complete the Placement. This Agreement and the
