Note and Warrant Purchase Agreement票據(jù)及擔(dān)保買賣協(xié)議

-92-NoteandWarrantPurchaseAgreement票據(jù)及擔(dān)保買賣協(xié)議核心提示：amongAAA,INC.,BBBandCCCLLCDated:_________(M,D,Y)TABLEOFCONTENTSSection1.DEFINITIONS1.1Definitions1.2InvestmentAgreement1.3OtherDefinitionsSection2.PURCHASEANDSALEOFTHESECURITIES2.1Closing2.2TransactionsattheClosiamongAAA,INC.,BBBandCCCLLCDated:_________(M,D,Y)TABLEOFCONTENTSSection1.DEFINITIONS1.1Definitions1.2InvestmentAgreement1.3OtherDefinitionsSection2.PURCHASEANDSALEOFTHESECURITIES2.1Closing2.2TransactionsattheClosing2.3StandbyCommitmentSection3.REPRESENTATIONSANDWARRANTIESOFTHECOMPANY3.1RepresentationsandWarranties3.2CompliancewithTermsandConditionsofInvestmentAgreement3.3RepresentationsandWarrantiesinConnectionwiththeTransactionsContemplatedHerein.Section4.REPRESENTATIONSANDWARRANTIESOFTHEPURCHASERSSection5.CONDITIONSTOTHEOBLIGATIONOFTHEPURCHASERSTOCLOSE5.1RepresentationsandWarranties5.2CompliancewiththisAgreement5.3Securities5.4ConsentsandApprovalsSection6.CONDITIONSTOTHEOBLIGATIONOFTHECOMPANYTOCLOSE6.1RepresentationsandWarranties6.2CompliancewiththisAgreement6.3ConsentsandApprovals6.4PaymentofPurchasePriceSection7.COVENANTS7.1CovenantsoftheCompany7.2MutualCovenantsSection8.INDEMNIFICATIONSection9.REGISTRATIONRIGHTSSection10.TERMINATIONOFAGREEMENT10.1Termination10.2SurvivalSection11.MISCELLANEOUS11.1SurvivalofRepresentations,WarrantiesandCovenants11.2Notices11.3SuccessorsandAssigns11.4AmendmentandWaiver11.5Counterparts11.6Headings11.7GOVERNINGLAW11.8Severability11.9RulesofConstruction11.10EntireAgreement11.11Fees11.12Publicity;Confidentiality11.13FurtherAssurancesEXHIBITSA-1FormofWarrantA-2FormofSeniorConvertibleNoteSCHEDULES2.2SharesandPurchasePrice3.4Capitalization3.11IntellectualProperty3.14EmployeeBenefits3.15TaxesNOTEANDWARRANTPURCHASEAGREEMENTNOTEANDWARRANTPURCHASEAGREEMENT(theAgreement),datedasof_________(M,D,Y),byandamongAAA,Inc.,a_________(PLACENAME)corporation(theCompany),andthepurchaserslistedonSchedule1hereto(thePurchasers).WHEREAS,pursuanttoanInvestmentAgreementdatedasof_________(M,D,Y),byandamongtheCompany,thePurchasersandDDDCorp.(theInvestmentAgreement),eachofthePurchasershasinvestedinsharesoftheCompany’sSeriesAPreferredStock;WHEREAS,theCompanyanticipatesconcludingduring_________(YEAR)aNextRoundFinancing(asdefinedbelow);WHEREAS,priortotheNextRoundFinancingtheCompanywishestoselltoeachPurchaser,andeachPurchaserwishestopurchasefromtheCompany:(i)aseniorconvertiblepromissorynote,intheaggregateprincipalamountsetforthoppositesuchPurchaser’snameonSchedule2.2hereto,havingthetermsandconditionssetforthintheformofNoteattachedheretoasExhibitA-1(theSeniorConvertibleNotes)and(ii)awarrant(theWarrantsand,togetherwiththeSeniorConvertibleNotes,theSecurities)havingthetermsandconditionssetforthintheformofWarrantattachedheretoasExhibitA-2;andWHEREAS,thePurchasersarewillingtocommittoprovidetheCompanywithadditionalfinancingattheoptionoftheCompany.NOW,THEREFORE,inconsiderationofthemutualtermsandconditionshereincontained,andforgoodandvaluableconsideration,thereceiptandsufficiencyofwhichisherebyacknowledged,thepartieshereto,intendingtobelegallybound,herebyagreeasfollows:SECTION1.DEFINITIONS1.1Definitions.AsusedinthisAgreement,thefollowingdefinitionsshallapply:By-LawsmeanstheamendedandrestatedBy-LawsoftheCompany,asineffectonthedatehereofandontheClosingDate.CertificateofIncorporationmeanstheCertificateofIncorporationoftheCompany,asthesamewasamendedpursuanttoSection5.6oftheInvestmentAgreementandasineffectontheClosingDate.FinancialsmeanstheAuditedFinancialsandtheUnauditedFinancials.MaterialAdverseEffectmeansacircumstance,fact,change,developmentoreffect(i)thatcouldorcouldreasonablybeexpectedtohaveamateriallyadverseeffectontheproperties,resultsofoperations,business,domesticprospectsorcondition(financialorotherwise)oftheCompanytakenasawhole,or(ii)thatadverselyeffectstheabilityoftheCompanytoconsummatethetransactionscontemplatedbythisAgreementinanymaterialrespectorimpairsordelaystheabilityoftheCompanytoeffecttheClosing.NextRoundFinancingmeanstheclosingofaprivateplacementofNextRoundSecuritieswhichresultsingrossproceedstotheCompanyof$10millioninoneormoretranches.NextRoundSecuritiesmeanstheCompany’sCommonStockorsecuritiesconvertibleintoorexercisablefortheCompany’sCommonStockintheNextRoundFinancing.QuarterlyReportsmeanstheCompany’sQuarterlyReportsonForm10-QSBforthequartersended_________(M,D,Y),_________(M,D,Y),_________(M,D,Y),and_________(M,D,Y),eachasfiledwiththeSEC.SECDocumentsmeanstheAnnualReports,theQuarterlyReportsandallotherdocumentsfiledbytheCompanywiththeSEConorafter_________(M,D,Y)andpriortothedatehereofpursuanttoSection13or15(d)oftheExchangeAct(includingallexhibitsandschedulestheretoanddocumentsincorporatedbyreferencetherein),butshallnotincludeanyportionofanydocumentwhichisnotdeemedtobefiledunderapplicableSECrulesandregulations.TransactionDocumentsmeanscollectively,thisAgreement(includingtheschedulesattachedhereto),theSeniorConvertibleNotesandtheWarrants.UnauditedFinancialsmeanstheunauditedquarterlyconsolidatedfinancialstatementsandtherelatednotesincludedintheSECDocuments,andtheunauditedfinancialstatementsandnotesfortheyearended_________(M,D,Y),allofwhichhavepreviouslybeendeliveredbytheCompanytothePurchasers.1.2InvestmentAgreement.CapitalizedtermsnototherwisedefinedhereinshallhavethemeaningssetforthforsuchtermsintheInvestmentAgreement.1.3OtherDefinitions.Thefollowingtermsaredefinedinthesectionreferredtooppositesuchterm.TermSectionAgreementRecitalsClosing2.1ClosingDate2.1InvestmentAgreementRecitalsPurchasePrice2.2PurchasersRecitalsSecuritiesRecitalsSeniorConvertibleNotesRecitalsStandbyCommitment2.3WarrantsRecitalsSECTION2.PURCHASEANDSALEOFTHESECURITIES2.1Closing.SubjecttothetermsandconditionsofthisAgreement,theclosingofthesaleandpurchaseoftheSecurities(theClosing)shalltakeplaceattheofficesof_________onthedatehereoforonsuchotherdateandtimeasthePurchasersandtheCompanymaymutuallyagree(theClosingDate).2.2TransactionsattheClosing.AttheClosing,subjecttothetermsandconditionsofthisAgreement,eachofthePurchasersseverally(andnotjointly)shallpurchaseandacquirefromtheCompany,andtheCompanyshallissueandselltothePurchasers,SeniorConvertibleNotesandWarrantsforanaggregatepurchasepriceof$,_________(thePurchasePrice).AttheClosing,theCompanyshalldelivertoeachPurchaseradulyexecutedSeniorConvertibleNote,intheaggregateprincipalamountsetforthoppositesuchPurchaser’snameonSchedule2.2hereto,andadulyexecutedWarranttopurchasetheamountofsharesofNextRoundSecuritiesassetforthintheWarrant,eachregisteredinthenameofsuchPurchaseroritsnominees,withappropriateissuestamps,ifany,affixedattheexpenseoftheCompany,freeandclearofanyLien,againstpaymentbyeachPurchaseroftheportionofthePurchasePricepayableinrespectthereofassetforthoppositesuchPurchaser’snameonSchedule2.heretobywiretransferofimmediatelyavailablefundstoanaccountdesignatedbytheCompany.2.3StandbyCommitment.(a)ThePurchasersherebycommit,jointlybutnotseverally,(theStandbyCommitment)that,inadditiontothepaymentofthePurchasePrice,theyshallprovidetheCompany(onaproratabasisbasedontheallocationofthePurchasePriceassetforthinSection2.2hereof),attheCompany’soptionuptoanaggregateof$,_________(theCommitmentAmount)atanytimepriorto_________(M,D,Y)inoneormoretranchesasrequestedbytheCompany;provided,however,thattheCommitmentAmountshallbereducedbythegrossproceedsreceivedbytheCompanyoranyofitsSubsidiariesfromtheissuanceafterthedatehereofofanyequityorconvertiblesecurities,(excludingfinancingprovidedbythePurchaserspursuanttothisAgreementandanytradepayablesandotherfinancingarrangementsenteredintointheordinarycourseofbusiness,butincluding,forpurposesofclarification,theNextRound).TheStandbyCommitmentshallbeprovidedontermsthatareconsistentwiththoseinthemarketatthetimetheStandbyCommitmentisdrawnforsimilarinvestmentsbyinvestorssimilartothePurchasersincompaniessimilartotheCompany.(b)TheCompanyshallnotifythePurchasersinwritingwithintwoBusinessDaysofthereceiptofanyfundsthatwouldreducetheCommitmentAmount;providedthattheCommitmentAmountshallautomaticallybereducedwhetherornottheCompanyprovidessuchnotice.SECTION3.REPRESENTATIONSANDWARRANTIESOFTHECOMPANYTheCompanyherebyrepresentsandwarrantstoeachPurchaserasfollows:3.1RepresentationsandWarranties.TherepresentationsandwarrantiesoftheCompanycontainedinSection3oftheInvestmentAgreement(including,exceptasotherwisenotedbelow,theschedulesreferencedinsuchrepresentationsandwarrantiesandanyupdatesattachedhereto),exceptforSections3.2,3.3,3.4,3.13and3.27,aretrueandcorrectinallmaterialrespectsasofthedatehereofandasoftheClosingDateasifmadeatandonsuchdates,exceptthatinreaffirminganysuchrepresentationorwarrantythat:(a)referstothetermMaterialAdverseEffect,theCompanyreaffirmssuchrepresentationorwarrantyasifsuchtermweredefinedpursuanttoSection2.1hereof;(b)referstothetermSECDocumentstheCompanyreaffirmssuchrepresentationorwarrantyasifthetermSECDocumentsweredefinedpursuanttoSection2.1hereof;(c)referencesSECDocumentsorotherstatementsordocumentsfiledwiththeSECasofacertaindate,theCompanyreaffirmssuchrepresentationorwarrantyasifanysuchreferencesreferredtofilingsthroughthedatehereof;(d)referstothetermFinancialsorUnauditedFinancialstheCompanyreaffirmssuchrepresentationorwarrantyasifsuchtermsweredefinedpursuanttoSection2.1hereof;and(e)referstothetermCertificateofIncorporationorBy-Laws,theCompanyreaffirmssuchrepresentationorwarrantyasifsuchtermsweredefinedpursuanttoSection2.1hereof.3.2CompliancewithTermsandConditionsofInvestmentAgreement.TheCompanyhasperformedandcompliedinallmaterialrespectswithallofitsagreementsandconditionssetforthintheInvestmentAgreementandtheotherTransactionDocuments(assuchtermwasdefinedintheInvestmentAgreement).3.3RepresentationsandWarrantiesinConnectionwiththeTransactionsContemplatedHerein.(a)PowerandAuthority.TheCompanyhasallrequisitecorporatepowerandauthoritytoexecuteanddeliverthisAgreementandtoperformitsobligationsunderthisAgreement.Theexecution,deliveryandperformancebytheCompanyofthisAgreementandeachoftheotherTransactionDocumentsandtheconsummationbytheCompanyofthetransactionscontemplatedherebyhavebeendulyauthorizedandapprovedbytheBoardofDirectorsandnofurthercorporateactiononthepartoftheCompany(including,butnotlimitedto,anyshareholderapprovals,butexcludingcorporateactionsnecessarytoauthorizeanyamendmentoftheCertificateofIncorporationnecessarytocreateandestablishthetermsoftheNextRoundSecuritiesandshareholderapprovalsnecessarytoissuetheNextRoundSecurities)isnecessarytoauthorizetheexecution,deliveryandperformancebytheCompanyofthisAgreementortheconsummationbytheCompanyofthetransactionscontemplatedhereby.ThisAgreementhasbeendulyexecutedanddeliveredbytheCompanyandisavalidandbindingobligationoftheCompany,enforceableagainsttheCompanyinaccordancewithitsterms,exceptasenforceabilitymaybelimitedbyapplicablebankruptcy,insolvency,reorganization,fraudulentconveyanceortransfer,moratoriumorsimilarlawsaffectingtheenforcementofcreditors’rightsgenerallyorbyequitableprinciplesrelatingtoenforceability(regardlessofwhetherconsideredinaproceedingatlaworinequity).(b)NoContravention,Conflict,Breach,Etc.Theexecution,deliveryandperformanceofthisAgreementandeachTransactionDocumentbytheCompanyandtheconsummationofthetransactionscontemplatedherebyandtherebywillnotconflictwith,contraveneorresultinabreachorviolationofanyofthetermsandprovisionsof,orconstituteadefaultunder,orresultinthecreationorimpositionofanyEncumbranceuponanyassetsorpropertiesoftheCompanyoranyofitsSubsidiariesorcausetheCompanyoranyofitsSubsidiariestoberequiredtoredeem,repurchaseoroffertorepurchaseanyoftheirrespectiveindebtednessunder(i)theCertificateofIncorporation,theBy-Laws,oranyotherorganizationaldocumentoftheCompanyorthecertificateofincorporation,theby-lawsorotherorganizationaldocumentofanyofitsSubsidiaries,(ii)anymaterialLawofanyGovernmentalAuthorityhavingjurisdictionovertheCompanyoranyofitsSubsidiariesoranyoftheirrespectiveassets,propertiesoroperationsor(iii)anyindenture,mortgage,loanagreement,noteorothermaterialagreementorinstrumentforborrowedmoney,anyguaranteeofanyagreementorinstrumentforborrowedmoneyoranymateriallease,permit,licenseorotheragreementorinstrumenttowhichtheCompanyoranyofitsSubsidiariesisapartyorbywhichtheCompanyoranyofitsSubsidiariesisboundortowhichanyoftheassets,propertiesoroperationsoftheCompanyoranyofitsSubsidiariesissubject.(c)Consents.Noconsent,approval,authorization,order,registration,filingorqualification(Consents)oforwithany(i)GovernmentalAuthority,(ii)stockexchangeonwhichthesecuritiesoftheCompanyaretradedor(iii)otherPerson(whetheractinginanindividual,fiduciaryorothercapacity)isrequiredtobemadeorobtainedbytheCompanyoranyofitsSubsidiariesfortheexecution,deliveryandperformancebytheCompanyofthisAgreementandeachoftheotherTransactionDocumentsandtheconsummationofthetransactionscontemplatedhereby(otherthantheNextRoundFinancingorthedrawdownoftheStandbyCommitment),exceptConsentswhicharenotmaterialtothebusinessoroperationsoftheCompanyanditsSubsidiaries,takenasawhole,ortotheconsummationofthetransactionscontemplatedbythisAgreementorConsentsrequiredforthelistingofthesharesofCommonStockunderlyingtheWarrantsontheNASDAQandtheBostonStockExchange.(d)Capitalization.Asofthedatehereof,theissuedandoutstandingcapitalstockoftheCompanyconsistsof_________sharesofCommonStockand_________sharesofSeriesAPreferredStock.AsoftheClosingDate,theauthorizedcapitalstockoftheCompanywillconsistof_________sharesofCommonStock(ofwhich_________sharesshallhavebeenreservedforthePurchasersinconnectionwiththetransactionscontemplatedhereby)and_________sharesofPreferredStock,$,_________parvalue,ofwhich_________sharesshallhavebeendesignatedSeriesAPreferredStock.AsofthefirstclosingoftheNextRound,sufficientnumbersofsharesofNextRoundSecuritiesand,asappropriate,ofsharesofCommonStockintowhichsuchsharesofNextRoundSecuritiesareconvertibleorforwhichtheyareexercisable,shallbeauthorizedandreservedasrequiredbythedocumentstobenegotiatedinconnectionwiththeNextRoundandasnecessarytopermitconversionofthemaximumamountthenpotentiallypayablebytheCompanyundertheSeniorConvertibleNotesintoNextRoundSecurities.AllsuchsharesofCapitalStockoftheCompanyareorshallhavebeendulyauthorizedand:(a)inthecaseofsharesofCommonStockorNextRoundSecuritiesissueduponconversionoftheSeniorConvertibleNotesorexerciseoftheWarrants,shallbefullypaidandnon-assessableuponsuchconversion,and(b)inthecaseofsharesofCommonStockissueduponconversion,exchange,and/orexerciseofsuchNextRoundSecurities,shallbefullypaidandnon-assessableupontheconversion,exchange,orpaymentoftheexercisepricecontemplatedbytheNextRoundSecurities.ExceptassetforthinSchedule3.4ofthisAgreement,ascontemplatedbytheInvestmentAgreement,orascontemplatedbythisAgreement,therearenosharesofcapitalstockoftheCompanyreservedforissuance.Exceptfor:(a)theWarrants,(b)theSeniorConvertibleNotes,(c)theNextRoundSecurities(includingthoseintowhichtheSeniorConvertibleNotesareconvertible),(d)theSeriesAPreferred,and(e)assetforthinSchedule3.ofthisAgreement,therearenooptions,warrantsorotherrightstopurchasesharesofCapitalStockorothersecuritiesoftheCompanyoranyofitsSubsidiaries,orsecuritiesconvertibleintoorexercisableforsharesofCapitalStockorothersecuritiesoftheCompanyoranyofitsSubsidiaries.ExceptassetforthinSchedule3.4tothisAgreement,asrequiredbytheTransactionDocuments(assuchtermisdefinedintheInvestmentAgreement),orasrequiredbytheTransactionDocuments(assuchtermisdefinedinthisAgreement),neithertheCompanynoranySubsidiaryisobligatedinanymannertoissuesharesofitsCapitalStockorothersecurities.Exceptascontemplatedherebyandforrelevantstateandfederalsecuritieslaws,therearenorestrictionsoneachPurchaser’sabilitytotransfersharesofCapitalStockoftheCompany.(e)ExemptionfromRegistration;RestrictionsonOfferandSaleofSameorSimilarSecurities.AssumingtherepresentationsandwarrantiesofthePurchaserssetforthinSection4hereofaretrueandcorrectinallmaterialrespects,theofferandsaleoftheSecuritiesmadepursuanttothisAgreementwillbeexemptfromtheregistrationrequirementsoftheAct.NeithertheCompanynoranyPersonactingonitsbehalfhas,inconnectionwiththeofferingoftheSecurities,engagedin(i)anyformofgeneralsolicitationorgeneraladvertising(asthosetermsareusedwithinthemeaningofRule502(c)undertheAct),(ii)anyactioninvolvingapublicofferingwithinthemeaningofSection4(2)oftheAct,or(iii)anyactionthatwouldrequiretheregistrationundertheActoftheofferingandsaleoftheSecuritiespursuanttothisAgreementorthatwouldviolateapplicablestatesecuritiesorblueskylaws.TheCompanyhasnotmade,anyofferorsaleofsharesofitsCapitalStock,ifasaresulttheofferandsaleofthesecuritiescontemplatedhereby,oranyofthem,couldfailtobeentitledtoexemptionfromtheregistrationrequirementsoftheAct.Asusedherein,thetermsofferandsalehavethemeaningsspecifiedinSection2(3)oftheAct.(f)Broker’s,Finder’sorSimilarFees.Therearenobrokeragecommissions,finder’sfeesorsimilarfeesorcommissionspayablebytheCompanyinconnectionwiththetransactionscontemplatedherebybasedonanyagreement,arrangementorunderstandingwiththeCompanyoranyofitsSubsidiariesoranyactiontakenbyanysuchentityotherthanfeesthatmaybeduetoCreditSuisseFirstBostoninconnectionwiththeNextRoundFinancing,asplacementagentforsuchfinancing.(g)Disclosure;AgreementandOtherDocuments.ThisAgreement(including,butnotlimitedto,theprovisionsincorporatinglanguagecontainedintheInvestmentAgreement),theotherTransactionDocumentsandeachofthecertificatesfurnishedtothePurchasersbytheCompanyinconnectionwiththepurchaseandsaleoftheSecurities,takenasawhole,donotcontainanyuntruestatementofamaterialfactoromittostateamaterialfactnecessaryinordertomakethestatementscontainedhereinortherein,inthelightofthecircumstancesunderwhichtheyweremade,notmisleading.SECTION4.REPRESENTATIONSANDWARRANTIESOFTHEPURCHASERSEachofthePurchasersherebyrepresentsandwarrants(severallyastoitselfandnotjointly)totheCompanythattherepresentationsandwarrantiesofsuchPurchasercontainedinSection4oftheInvestmentAgreementaretrueandcorrectinallmaterialrespectsasofthedatehereofandasoftheClosingDateasifmadeatandonsuchdates,exceptthatinreaffirminganyrepresentationorwarrantyoftheCompanycontainedinSection4oftheInvestmentAgreementthatrefersto:(a)thetermthisAgreementortheotherTransactionDocumentseachPurchaserreaffirmssuchrepresentationorwarrantyasifsuchtermsweredefinedpursuanttoSection2.1hereof;(b)transactionscontemplatedbythisAgreementortheTransactionDocuments,eachPurchaserreaffirmssuchrepresentationorwarrantyasifsuchtermsweredeferredpursuanttoSection2.1hereof;(c)SECDocuments,eachPurchaserreaffirmssuchrepresentationorwarrantyasifthetermSECDocumentsweredefinedpursuanttoSection2.hereof;(d)tothetermFirstShares,eachPurchaserreaffirmssuchrepresentationorwarrantyasifitreferredtothetermSecurities;and(e)tothetermsFirstClosingorSecondClosing,eachPurchaserreaffirmssuchrepresentationorwarrantyasiftheyreferredtotheClosing,orassuchtermsaredefinedpursuanttoSection2.1.hereof.SECTION5.CONDITIONSTOTHEOBLIGATIONOFTHEPURCHASERSTOCLOSETheobligationofthePurchaserstopurchasetheSecuritiesandtopaythePurchasePrice,andtoperformanyobligationshereundershallbesubjecttothesatisfactionasdeterminedby,orwaiverby,thePurchasersofthefollowingconditionsonorbeforetheClosingDate:5.1RepresentationsandWarranties.TherepresentationsandwarrantiesoftheCompanycontainedinSection3hereofshallbetrueandcorrectinallmaterialrespectsatandontheClosingDateasifmadeatandonsuchdate,excepttotheextentthatanyrepresentationandwarrantyexpresslyspeaksasofanearlierdate,inwhichcasesuchrepresentationandwarrantyistrueandcorrectasofsuchdateandanyvarianceinsuchrepresentationandwarrantyfollowingsuchdatemayonlybetheresultofactivitiesortransactionswhichhavetakenplaceafterthedatehereofandwhicharecontemplatedbythisAgreement.5.2CompliancewiththisAgreement.TheCompanyshallhaveperformedandcompliedinallmaterialrespectswithallofitsagreementsandconditionssetforthhereinthatarerequiredtobeperformedorcompliedwithbytheCompanyasoftheClosingDate.5.3Securities.AttheClosing,theCompanyshallhavedeliveredtoeachofthePurchasersaSeniorConvertibleNoteandaWarrantpursuanttoSection2.2hereof.5.4ConsentsandApprovals.Allconsents,exemptions,authorizations,orotheractionsby,ornoticesto,orfilingswithGovernmentalAuthoritiesandotherPersonsinrespectofallRequirementsofLawandwithrespecttothoseContractualObligationsoftheCompanywhicharenecessaryorrequiredinconnectionwiththeexecution,deliveryorperformance(includingtheissuanceoftheSeniorConvertibleNotes,andanySharesofCommonStockissuableuponexerciseoftheWarrants)by,orenforcementagainst,theCompanyofthisAgreement(otherthantheNextRoundFinancingorthedrawdownoftheStandbyCommitment)andeachoftheotherTransactionDocumentsshallhavebeenobtainedandbeinfullforceandeffect,exceptforconsents,exceptions,authorizationsorotheractionswhichwouldnothaveaMaterialAdverseEffectandwouldnotpreventtheconsummationofthetransactionscontemplatedbythisAgreement,andeachofthePurchasersshallhavebeenfurnishedwithappropriateevidencethereof.SECTION6.CONDITIONSTOTHEOBLIGATIONOFTHECOMPANYTOCLOSETheobligationsoftheCompanytoissueandselltheSeniorConvertibleNotesandtheWarrantsandtoperformitsotherobligationshereunder,shallbesubjecttothesatisfactionasdeterminedby,orwaiverby,theCompanyofthefollowingconditionsonorbeforetheClosingDate:6.1RepresentationsandWarranties.TherepresentationsandwarrantiesofthePurchaserscontainedinSection4hereofshallbetrueandcorrectatandontheClosingDateasifmadeatandonsuchdate,excepttotheextentthatanyrepresentationandwarrantyexpresslyspeaksasofanearlierdate,inwhichcasesuchrepresentationandwarrantyistrueandcorrectasofsuchdateandanyvarianceinsuchrepresentationandwarrantyfollowingsuchdatemayonlybetheresultofactivitiesortransactionswhichhavetakenplaceafterthedatehereofandwhicharecontemplatedbythisAgreement.6.2CompliancewiththisAgreement.ThePurchasersshallhaveperformedandcompliedinallmaterialrespectswithalloftheiragreementsandconditionssetforthhereinthatarerequiredtobeperformedorcompliedwithbythePurchasersonorbeforetheClosingDate.6.3ConsentsandApprovals.Allconsents,exemptions,authorizations,orotheractionsby,ornoticesto,orfilingswith,GovernmentalAuthoritiesandotherPersonsinrespectofallRequirementsofLawandwithrespecttothoseContractualObligationsofthePurchaserswhicharenecessaryorrequiredinconnectionwiththeexecution,deliveryorperformance(includingthepurchaseoftheSeniorConvertibleNotesandtheWarrants,butexcludingtheconversionoftheSeniorConvertibleNotes,theexerciseoftheWarrants,andtheconversionorexerciseoftheNextRoundSecurities)by,orenforcementagainst,thePurchasersofthisAgreementshallhavebeenobtainedandbeinfullforceandeffect,andtheCompanyshallhavebeenfurnishedwithappropriateevidencethereof.6.4PaymentofPurchasePrice.TheCompanyshallhavereceivedthePurchasePrice.SECTION7.COVENANTS7.1CovenantsoftheCompany.TheCompanyherebycovenantsandagreeswiththePurchaserswithrespecttothisSection7,solongastheyholdanycapitalstockoftheCompany--excepttotheextentthataparticularsectionofthisSection7providesforanearlier