original issue discount Convertible PROMISSORY NOTEInnovative Payment Solutions, Inc. • September 30th, 2020 • Retail-catalog & mail-order houses
THIS ORIGINAL ISSUE DISCOUNT CONVERTIBLE PROMISSORY NOTE (the “Note”) is duly authorized and validly issued at a 12.5% original issue discount by Innovative Payment Solutions, Inc., a Nevada corporation (the “Company”).
COMMON STOCK PURCHASE WARRANTInnovative Payment Solutions, Inc. • September 30th, 2020 • Retail-catalog & mail-order houses
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Cavalry Fund I LP, 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 the close of business on the fifth year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Innovative Payment Solutions, Inc., a Nevada corporation (the “Company”), up to 3,257,143 shares of Common Stock (subject to adjustment hereunder, the “Warrant Shares”). The purchase price of one Warrant Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b). This Warrant issued pursuant to a Securities Purchase Agreement (the “Purchase Agreement”) entered into as of the Initial Exercise Date between the Company and the initial Holder.
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • September 30th, 2020 • Innovative Payment Solutions, Inc. • Retail-catalog & mail-order houses
This Registration Rights Agreement (this “Agreement”) is made and entered into as of September 24, 2020 between Innovative Payment Solutions, Inc. a Nevada corporation (the “Company”) and Cavalry Fund I LP (“Purchaser”).
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • September 30th, 2020 • Innovative Payment Solutions, Inc. • Retail-catalog & mail-order houses • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of September 24, 2020, by and between Innovative Payment Solutions, Inc., a Nevada corporation (the “Company”), and each lender party that executes the signature page hereto as a purchaser (each, a “Purchaser” and collectively, the “Purchasers”).
