Article 1.01 Entry into an important final agreement.
limited liability company (“Puradigm”). In accordance with the terms of the purchase contract, DSS PureAir has agreed to purchase from Puradigm a guaranteed convertible promissory note with a maximum principal amount of
(the “Puradigm Note”). The Puradigm note has a term of two years with an interest of 6.65% payable quarterly. All or part of the principal balance of the Puradigm Notes may be converted at the sole discretion of DSS PureAir for a maximum participation of 18% in
The above description of the terms and conditions of the purchase contract and the Puradigm note are not complete and are qualified in their entirety by reference to the full text of the purchase contract and the Puradigm note, copies of which are attached. as attachments hereto.
Item 8.01 Other Events.
Point 9.01 Financial statements and supporting documents.
(d) Exhibits: Number Description 10.1 Securities Purchase Agreement dated
May 14, 202110.2 Secured Convertible Note dated May 14, 202199.1 Press Release issued May 19, 2021
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