Article 1.01 Entry into an important final agreement.

At May 17, 2021, Document Security Systems, Inc. from (the “Company”) wholly owned subsidiary, DSS PureAir, Inc., a Texas company (“DSS PureAir”), entered into by a securities purchase contract (“purchase contract”) with Puradigm LLC, a Nevada
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 $ 5,000,000
(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 Puradigm LLC. The Puradigm Note is secured by all of Puradigm’s assets under a security contract with Puradigm.

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.


At May 19, 2021, the company published a press release relating to the purchase agreement and the Puradigm note. A copy of this press release is filed as Exhibit 99.1 attached and incorporated herein by reference.

Point 9.01 Financial statements and supporting documents.



(d) Exhibits:



Number   Description
10.1       Securities Purchase Agreement dated May 14, 2021
10.2       Secured Convertible Note dated May 14, 2021
99.1       Press Release issued May 19, 2021

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