Sale and Issuance of Note. Subject to the terms and conditions hereof, and in reliance upon the representations, warranties and covenants contained herein, (a) Purchaser agrees to lend to the Company, and (b) the Company agrees to borrow from Purchaser, the amount set forth opposite Purchaser’s name on Exhibit A attached hereto and the Company agrees to issue and deliver an unsecured convertible note (the “Note”) to Purchaser in such amount. The Note issued pursuant to this Section 1 shall be convertible into shares of common stock of the Company under the terms and conditions provided in the Note (the “Conversion Shares”). Purchaser shall, upon signing this Agreement, pay to the Company the full amount of the funds owed by Purchaser (as set forth on the signature page and Exhibit A) in cash by either check or wire transfer of immediately available funds as set forth on the cover page of this Agreement.
Appears in 4 contracts
Sources: Convertible Note Purchase Agreement (Picard Medical, Inc.), Convertible Note Purchase Agreement (Picard Medical, Inc.), Convertible Note Purchase Agreement (Picard Medical, Inc.)