Note Purchase Agreement

This Note Purchase Agreement allows a company to raise immediate capital by “borrowing” funds from investors. The Company will enter into a corresponding Promissory Note with the investors, agreeing to repay the principal of the Note upon demand or on a certain date. In exchange, the investors will receive interest as well as warrants (a derivative security that will give the investors the right to purchase equity in the company in the future at a fixed price). (continued ...)