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1、fNEWCO,INC.CONVERTIBLEPROMISSORYNOTEPURCHASEAGREEMENTThisConvertiblePromissoryNotePurchaseAgreement(theAgreement)ismadeasof,20_(theiiEffectiveDate)byandamongNevvco,Inc.,aDelawarecorporation(theiiCompany),andthepersonsandentitiesnamedontheScheduleofPurchasersattachedhereto(individually,aPurchaser“and
2、collectively,the“Purchasers)RecitalToprovidetheCompanywithadditionalresourcestoconductitsbusiness,thePurchasersarewillingtoloantotheCompanyinoneormoredisbursementsuptoanaggregateamountof$,subjecttotheconditionsspecifiedherein.AgreementNOW,THEREFORE,inconsiderationoftheforegoing,andtherepresentations
3、,warranties,covenantsandconditionssetforthbelow,theCompanyandeachPurchaser,intendingtobelegallybound,herebyagreeasfollows:1. AmountandTermsoftheLoan1.1 TheLoan.SubjecttothetermsofthisAgreement,eachPurchaseragreestolendtotheCompanyattheClosing(ashereinafterdefined)theamountsetforthoppositesuchPurchas
4、ersnameontheScheduleofPurchasersattachedtothisAgreement(each,aikLoanAmoutiC)againsttheissuanceanddeliverybytheCompanyofaconvertiblepromissorynoteforsuchamount,insubstantiallytheformattachedheretoasExhibitA(each,aNoteandcollectively,theNotes“).2. ClosingandDelivery2.1 Closing.Theclosingofthesaleandpu
5、rchaseoftheNotes(the“Closing”)shallbeheldontheEffectiveDate,oratsuchothertimeastheCompanyandPurchasersmaymutuallyagree(suchdateishereinafterreferredtoasthe“ClosingDate).2.2 SubsequentSalesofNotes.Atanytimeonorbeforethe1dayfollowingtheClosing,theCompanymaysellNotesrepresentinguptothebalanceoftheautho
6、rizedprincipalamountnotsoldattheClosing(theAdditionalPurchasers).Allsuchsalesmadeatanyadditionalclosings(eachaniiAdditionalClosing)shallbemadeonthetermsandconditionssetforthinthisAgreementand(i)therepresentationsandwarrantiesoftheCompanysetforthinSection3hereofshallspeakasoftheClosingandtheCompanysh
7、allhavenoobligationtoupdateanydisclosurerelatedthereto,and(ii)therepresentationsandwarrantiesoftheAdditionalPurchasersinSection4hereofshallspeakasofsuchAdditionalClosing.ThisNote:Typicallythiswouldbe180daysorfewerfromtheinitialClosing.Agreement,includingwithoutlimitation,theScheduleofPurchasers,mayb
8、eamendedbytheCompanywithouttheconsentofPurchaserstoincludeanyAdditionalPurchasersupontheexecutionbysuchAdditionalPurchasersofacounterpartsignaturepagehereto.AnyNotessoldpursuanttothisSection2.2shallbedeemedtobe“Notes,“forallpurposesunderthisAgreementandanyAdditionalPurchasersthereofshallbedeemedtobe
9、“Purchasers”forallpurposesunderthisAgreement.2.3 Delivery.AttheClosingandeachAdditionalClosing(i)eachPurchasershalldelivertotheCompanyacheckorwiretransferfundsintheamountofsuchPurchasersLoanAmount;and(ii)theCompanyshallissueanddelivertoeachPurchaseraNoteinfavorofsuchPurchaserpayableintheprincipalamo
10、untofsuchPurchasersLoanAmount.3. Representations,WarrantiestheCompanyTheCompanyherebyrepresentsandwarrantstoeachPurchaserasoftheClosingasfollows:3.1 Organization,GoodStandingandQualication.TheCompanyisacorporationdulyorganized,validlyexistingandingoodstandingunderthelawsoftheStateofDelaware.TheCompa
11、nyhastherequisitecorporatepowertoownandoperateitspropertiesandassetsandtocarryonitsbusinessasnowconductedandasproposedtobeconducted.TheCompanyisdulyqualifiedandisauthorizedtodobusinessandisingoodstandingasaforeigncorporationinalljurisdictionsinwhichthenatureofitsactivitiesandofitsproperties(bothowne
12、dandleased)makessuchqualificationnecessary,exceptforthosejurisdictionsinwhichfailuretodosowouldnothaveamaterialadverseeffectontheCompanyoritsbusiness.3.2 CorporatePower.TheCompanyhasallrequisitecorporatepowertoexecuteanddeliverthisAgreement,toissueeachNote(collectively,the“LoanDocuments)andtocarryou
13、tandperformitsobligationsunderthetermsoftheLoanDocuments.3.3 Authorization.AllcorporateactiononthepartoftheCompany,itsdirectorsanditsstockholdersnecessaryfortheauthorizationoftheLoanDocumentsandtheexecution,deliveryandperformanceofallobligationsoftheCompanyundertheLoanDocuments,includingtheissuancea
14、nddeliveryoftheNotesandthereservationoftheequitysecuritiesissuableuponconversionoftheNotes(collectively,theiiConversioiiSecurities)hasbeentakenorwillbetakenpriortotheissuanceofsuchConversionSecurities.TheLoanDocuments,whenexecutedanddeliveredbytheCompany,shallconstitutevalidandbindingobligationsofth
15、eCompanyenforceableinaccordancewiththeirterms,subjecttolawsofgeneralapplicationrelatingtobankruptcy,insolvency,thereliefofdebtorsand,withrespecttorightstoindemnity,subjecttofederalandstatesecuritieslaws.TheConversionSecurities,whenissuedincompliancewiththeprovisionsoftheLoanDocumentswillbevalidlyiss
16、ued,fullypaidandnonassessableandfreeofanyliensorencumbrancesandissuedincompliancewithallapplicablefederalandsecuritieslaws.3.4 GovernmentalConsents.Allconsents,approvals,orders,orauthorizationsof,orregistrations,qualifications,designations,declarations,orfilingswith,anygovernmentalauthority,required
17、onthepartoftheCompanyinconnectionwiththevalidexecutionanddeliveryofthisAgreement,theoffer,saleorissuanceoftheNotesandtheConversionSecuritiesissuableuponconversionoftheNotesortheconsummationofanyothertransactioncontemplatedherebyshallhavebeenobtainedandwillbeeffectiveatsuchtimeasrequiredbysuchgovernm
18、entalauthority.3.5 CompliancewithLaws.Toitsknowledge,theCompanyisnotinviolationofanyapplicablestatute,rule,regulation,orderorrestrictionofanydomesticorforeigngovernmentoranyinstrumentalityoragencythereofinrespectoftheconductofitsbusinessortheownershipofitsproperties,whichviolationwouldmateriallyanda
19、dverselyaffectthebusiness,assets,liabilities,financialconditionoroperationsoftheCompany.3.6 CompliancewithOtherInstruments.TheCompanyisnotinviolationordefaultofanytermofitscertificateofincorporationorbylaws,orofanyprovisionofanymortgage,indentureorcontracttowhichitisapartyandbywhichitisboundorofanyj
20、udgment,decree,orderorwrit,otherthansuchviolationsthatwouldnotindividuallyorintheaggregatehaveamaterialadverseeffectontheCompany.Theexecution,deliveryandperformanceoftheLoanDocuments,andtheconsummationofthetransactionscontemplatedbytheLoanDocumentswillnotresultinanysuchviolationorbeinconflictwith,or
21、constitute,withorwithoutthepassageoftimeandgivingofnotice,eitheradefaultunderanysuchprovision,instrument,judgment,decree,orderorwritoraneventthatresultsinthecreationofanylien,chargeorencumbranceuponanyassetsoftheCompanyorthesuspension,revocation,impairment,forfeiture,ornonrenewalofanymaterialpermit,
22、license,authorizationorapprovalapplicabletotheCompany,itsbusinessoroperationsoranyofitsassetsorproperties.ThesaleoftheNotesandthesubsequentissuanceoftheConversionSecuritiesarenotandwillnotbesubjecttoanypreemptiverightsorrightsoffirstrefusalthathavenotbeenproperlywaivedorcompliedwith.3.7 Offering.Ass
23、umingtheaccuracyoftherepresentationsandwarrantiesofthePurchaserscontainedinSection4hereof,theoffer,issue,andsaleoftheNotesandtheConversionSecurities(collectively,the“Securities)areandwillbeexemptfromtheregistrationandprospectusdeliveryrequirementsoftheSecuritiesActof1933,asamended(the“Acf)，andhavebe
24、enregisteredorqualified(orareexemptfromregistrationandqualification)undertheregistration,permit,orqualificationrequirementsofallapplicablestatesecuritieslaws.3.8 UseofProceeds.TheCompanyshallusetheproceedsofsaleandissuanceoftheNotesfortheoperationsofitsbusiness,andnotforanypersonal,familyorhousehold
25、purpose.4. RepresentationsandWarrantiesofthePurchasers4.1 PurchaseforOwnAccount.EachPurchaserrepresentsthatitisacquiringtheSecuritiessolelyforitsownaccountandbeneficialinterestforinvestmentandnotforsaleorwithaviewtodistributionoftheSecuritiesoranypartthereof,hasnopresentintentionofselling(inconnecti
26、onwithadistributionorotherwise),grantinganyparticipationin,orotherwisedistributingthesame,anddoesnotpresentlyhavereasontoanticipateachangeinsuchintention.4.2 InformationandSophistication.WithoutlesseningorobviatingtherepresentationsandwarrantiesoftheCompanysetforthinSection3,eachPurchaserhereby:(i)a
27、cknowledgesthatithasreceivedalltheinformationithasrequestedfromtheCompanyanditconsidersnecessaryorappropriatefordecidingwhethertoacquiretheSecurities,(ii)representsthatithashadanopportunitytoaskquestionsandreceiveanswersfromtheCompanyregardingthetermsandconditionsoftheofferingoftheSecuritiesandtoobt
28、ainanyadditionalinformationnecessarytoverifytheaccuracyoftheinformationgiventhePurchaserand(iii)furtherrepresentsthatithassuchknowledgeandexperienceinfinancialandbusinessmattersthatitiscapableofevaluatingthemeritsandriskofthisinvestment.4.3 AbilitytoBearEconomicRisk.EachPurchaseracknowledgesthatinve
29、stmentintheSecuritiesinvolvesahighdegreeofrisk,andrepresentsthatitisable,withoutmateriallyimpairingitsfinancialcondition,toholdtheSecuritiesforanindefiniteperiodoftimeandtosufferacompletelossofitsinvestment.4.4 FurtherLimitationsonDisposition.Withoutinanywaylimitingtherepresentationssetforthabove,ea
30、chPurchaserfurtheragreesnottomakeanydispositionofalloranyportionoftheSecuritiesunlessanduntil:(a) ThereisthenineffectaRegistrationStatementundertheActcoveringsuchproposeddispositionandsuchdispositionismadeinaccordancewithsuchRegistrationStatement;or(b) ThePurchasershallhavenotifiedtheCompanyofthepro
31、poseddispositionandshallhavefurnishedtheCompanywithadetailedstatementofthecircumstancessurroundingtheproposeddisposition,andifreasonablyrequestedbytheCompany,suchPurchasershallhavefurnishedtheCompanywithanopinionofcounsel,reasonablysatisfactorytotheCompany,thatsuchdispositionwillnotrequireregistrati
32、onundertheActoranyapplicablestatesecuritieslaws,providedthatnosuchopinionshallberequiredfordispositionsincompliancewithRule144,exceptinunusualcircumstances.(c) Notwithstandingtheprovisionsofparagraphs(a)and(b)above,nosuchregistrationstatementoropinionofcounselshallbenecessaryforatransferbysuchPurcha
33、sertoapartner(orretiredpartner)ormember(orretiredmember)ofsuchPurchaserinaccordancewithpartnershiporlimitedliabilitycompanyinterests,ortransfersbygift,willorintestatesuccessiontoanyspouseorlinealdescendantsorancestors,ifalltransfereesagreeinwritingtobesubjecttothetermshereoftothesameextentasiftheywe
34、rePurchasershereunder.4.5 AccreditedInvestorStatus.EachPurchaserisan4accreditedinvestof,assuchtermisdefinedinRule501undertheAct.5. FurtherAgreements5.1 uMarketStand-Off,Agreement.EachPurchaseragreesthatsuchPurchasershallnotsell,transfer,makeanyshortsaleof,grantanyoptionforthepurchaseof,orenterintoan
35、yhedgingorsimilartransactionwiththesameeconomiceffectasasale,anyCommonStock(orothersecurities)oftheCompanyheldbysuchPurchaser(otherthanthoseincludedintheregistration)duringthe180-dayperiodfollowingtheeffectivedateoftheCompany,sfirstfirmcommitmentunderwrittenpublicofferingofitsCommonStockregisteredun
36、dertheSecuritiesAct(orsuchlongerperiodastheunderwritersortheCompanyshallrequestinordertofacilitatecompliancewithFINRARule2711orNYSEMemberRule472oranysuccessororsimilarruleorregulation),providedthatallofficersanddirectorsoftheCompanyareboundbyandhaveenteredintosimilaragreements.EachPurchaseragreestoe
37、xecuteanddeliversuchotheragreementsasmaybereasonablyrequestedbytheCompanyortheunderwritersthatareconsistentwiththePurchasersobligationsunderSection5.1orthatarenecessarytogivefurthereffecttothisSection5.1.Inaddition,ifrequestedbytheCompanyortherepresentativeoftheunderwritersofCommonStock(orothersecur
38、ities)oftheCompany,eachPurchasershallprovide,within10daysofsuchrequest,suchinformationasmayberequiredbytheCompanyorsuchrepresentativeinconnectionwiththecompletionofanypublicofferingoftheCompany,ssecuritiespursuanttoaregistrationstatementfiledundertheAct.TheobligationsdescribedinthisSection5.1shallno
39、tapplytoaregistrationrelatingsolelytoemployeebenefitplansonFormS-IorFormS-8orsimilarformsthatmaybepromulgatedinthefuture,oraregistrationrelatingsolelytoatransactiononFormS-4orsimilarformsthatmaybepromulgatedinthefuture.5.2 FurtherAssurances.EachPurchaseragreesandcovenantsthatatanytimeandfromtimetoti
40、meitwillpromptlyexecuteanddelivertotheCompanysuchfurtherinstrumentsanddocumentsandtakesuchfurtheractionastheCompanymayreasonablyrequireinordertocarryoutthefullintentandpurposeofthisAgreementandtocomplywithstateorfederalsecuritieslawsorotherregulatoryapprovals.6. Miscellaneous6.1 BindingAgreement.The
41、termsandconditionsofthisAgreementshallinuretothebenefitofandbebindingupontherespectivesuccessorsandassignsoftheparties.NothinginthisAgreement,expressedorimplied,isintendedtoconferuponanythirdpartyanyrights,remedies,obligations,orliabilitiesunderorbyreasonofthisAgreement,exceptasexpresslyprovidedinth
42、isAgreement.6.2 GoverningLaw.ThisAgreementshallbegovernedbyandconstruedunderthelawsoftheStateofColoradoasappliedtoagreementsamongColoradoresidents,madeandtobeperformedentirelywithintheStateofColorado,withoutgivingeffecttoconflictsoflawsprinciples.6.3 Counterparts.ThisAgreementmaybeexecutedintwoormor
43、ecounterparts,eachofwhichshallbedeemedanoriginal,butallofwhichtogethershallconstituteoneandthesameinstrument.6.4 TitlesandSubtitles.ThetitlesandsubtitlesusedinthisAgreementareusedforconvenienceonlyandarenottobeconsideredinconstruingorinterpretingthisAgreement.6.5 Notices.Allnoticesrequiredorpermitte
44、dhereundershallbeinwritingandshallbedeemedeffectivelygiven:(a)uponpersonaldeliverytothepartytobenotified,(b)whensentbyconfirmedelectronicmailorfacsimileifsentduringnormalbusinesshoursoftherecipient,ifnot,thenonthenextbusinessday,(c)fivedaysafterhavingbeensentbyregisteredorcertifiedmail,returnreceipt
45、requested,postageprepaid,or(d)onedayafterdepositwithanationallyrecognizedovernightcourier,specifyingnextdaydelivery,withwrittenverificationofreceipt.AllcommunicationsshallbesenttotheCompanyattheaddressonthesignaturepagebelow,andtoPurchaserattheaddressessetforthontheScheduleofPurchasersattachedhereto
46、oratsuchotheraddressesastheCompanyorPurchasermaydesignateby10daysadvancewrittennoticetotheotherpartieshereto.6.6 Modification;Waiver.NomodificationorwaiverofanyprovisionofthisAgreementorconsenttodeparturetherefromshallbeeffectiveonlyuponthewrittenconsentoftheCompanyandtheholdersoftheNotesrepresentin
47、gamajorityoftheaggregateprincipalamountofallNotesthenoutstanding(theRequisiteHolders).AnyprovisionoftheNotesmaybeamendedorwaivedbythewrittenconsentoftheCompanyandtheRequisiteHolders.6.7 Expenses.TheCompanyandeachPurchasershalleachbearitsrespectiveexpensesandlegalfeesincurredwithrespecttothisAgreemen
48、tandthetransactionscontemplatedherein.6.8 DelaysorOmissions.Itisagreedthatnodelayoromissiontoexerciseanyright,powerorremedyaccruingtoeachPurchaser,uponanybreachordefaultoftheCompanyundertheLoanDocumentsshallimpairanysuchright,powerorremedy,norshallitbeconstruedtobeawaiverofanysuchbreachordefault,ora
49、nyacquiescencetherein,oroforinanysimilarbreachordefaultthereafteroccurring;norshallanywaiverofanysinglebreachordefaultbedeemedawaiverofanyotherbreachordefaulttheretoforeorthereafteroccurring.Itisfurtheragreedthatanywaiver,permit,consentorapprovalofanykindorcharacterbyPurchaserofanybreachordefaultunderthisAgreement,oranywaiverbyanyPurchaserofanyprovisionsorconditionsofthisAgreementmustbeinwritingandshallbeeffectiveonlytotheextentspecificallysetforthinwritingandthatallremed
