Note and Warrant Purchase Agreement

Note Purchase Agreement

You are currently viewing:

This Note Purchase Agreement involves

REMOTE DYNAMICS INC | HFS Minorplanet Funding LLC

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.

Title: Note and Warrant Purchase Agreement
Governing Law: Texas Date: 9/9/2009
Industry: Communications Services Sector: Services

AGREEMENT

THIS AGREEMENT is made and entered into this __ day of September, 2009, by Remote Dynamics, Inc. (the “ Company ”) and HFS Minorplanet Funding LLC (“ HFS ”).

Statement of purpose

Remote Dynamics, Inc. (the “ Company ”) and HFS entered into a Note and Warrant Purchase Agreement dated as of November 30, 2006 (the “ Series B Purchase Agreement ” and together with the Notes, the Warrants, the Security Agreement, the Registration Rights Agreement and other agreements entered into in connection therewith, the “ Series B Agreements ).

Pursuant to the terms of the Series B Purchase Agreement and that certain Promissory Note, dated as of November 30, 2006, by and between the Company and HFS (as amended), the Company issued to HFS

(a):

·	Series B Subordinated Secured Convertible Promissory Note Dated December 4, 2006 (No. CN-B-06-2); Face Amount $50,000

·	Series B Subordinated Secured Convertible Promissory Note Dated January 10, 2007 (No. CN-B-06-2); Face Amount $50,000

·	Series B Subordinated Secured Convertible Promissory Note Dated March 28, 2007 (No. CN-B-06-2C); Face Amount $50,000

·	Series B Subordinated Secured Convertible Promissory Note Dated May 8, 2007 (No. CN-B-06-A1); Face Amount $1,000,000

·	Series B Subordinated Secured Convertible Promissory Note Dated May 21, 2008 (No. CN-B-06-2D); Face Amount $50,000

·	Original Issue Discount Series B Subordinated Secured Convertible Promissory Note Dated December 4, 2006 (No. ZCN-A-06-2); Face Amount $20,000

·	Original Issue Discount Series B Subordinated Secured Convertible Promissory Note Dated January 10, 2007 (No. ZCN-A-06-2); Face Amount $20,000

·	Original Issue Discount Series B Subordinated Secured Convertible Promissory Note Dated March 28, 2007 (No. ZCN-A-06-2C); Face Amount $20,000

·	Original Issue Discount Series B Subordinated Secured Convertible Promissory Note Dated May 8, 2007 (No. ZCN-A-06-A1); Face Amount $400,000

·	Original Issue Discount Series B Subordinated Secured Convertible Promissory Note Dated May 21, 2008 (No. ZCN-A-06-2D); Face Amount $100,000

(the “ HFS Notes ”) and

(b)

·	Series F-4 and E-7 Warrants Dated December 4, 2006

·	Series F-4 and E-7 Warrants Dated January 10, 2007

·	Series F-4 and E-7 Warrants Dated March 28, 2007

·	Series F-4 and E-7 Warrants Dated May 8, 2007

·	Series F-4 and E-7 Warrants Dated May 21, 2008

(the “ HFS W

SITE SEARCH

AGREEMENTS / CONTRACTS

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates