SEC Contract Filing

Filing Date: 2015-05-12

Document Content:
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>3
<FILENAME>ex101formofsecuritespurchase.htm
<DESCRIPTION>FORM SECURITIES PURCHASE AGREEMENT
<TEXT>
<HTML>
<head><title>SECURITIES PURCHASE AGREEMENT</title> </head> <body style="FONT-SIZE:10pt; FONT-FAMILY:'Times New Roman'; COLOR:#000000; MARGIN-TOP:0px"> <div style=WIDTH:585px> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; MARGIN-TOP:0px" align=center><b>SECURITIES PURCHASE AGREEMENT</b></p> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; MARGIN-TOP:0px; TEXT-INDENT:48px" align=justify><b>THIS SECURITIES PURCHASE AGREEMENT</b> (this &#147;<u>Agreement</u>&#148;) is dated as of&nbsp;May __, 2015, between HII Technologies, Inc., a Delaware corporation (the &#147;<u>Company</u>&#148;), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a &#147;<u>Purchaser</u>&#148; and collectively, the &#147;<u>Purchasers</u>&#148;).</p> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; MARGIN-TOP:0px; TEXT-INDENT:48px" align=justify><b>WHEREAS</b>, subject to the terms and conditions set forth in this Agreement and pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the &#147;<u>Securities Act</u>&#148;), and Rule 506 promulgated thereunder, the Company desires to issue and sell to each Purchaser, and each Purchaser, severally and not jointly, desires to purchase from the Company, securities of the Company as more fully described in this Agreement.</p> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; MARGIN-TOP:0px; TEXT-INDENT:48px" align=justify><b>WHEREAS</b>, the Company has engaged Roth Capital Partners, LLC to act as placement agent (the &#147;<u>Placement Agent</u>&#148;) for the offering of the securities of the Company as more fully described in this Agreement.</p> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:48px" align=justify><b>NOW, THEREFORE</b>, in consideration of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company and each Purchaser agree as follows:</p> <p style=MARGIN:0px align=justify><br></p> <p style="FONT-SIZE:12pt; COLOR:#7f0000; MARGIN:0px" align=center><b><font color=#000000>ARTICLE I</font></b></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center><b>DEFINITIONS</b></p> <p style=MARGIN:0px><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:12pt; WIDTH:96px; FLOAT:left; COLOR:#7f0000; MARGIN-TOP:0px; TEXT-INDENT:48px"><font color=#000000>1.1</font></p> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; MARGIN-TOP:0px; TEXT-INDENT:-2px" align=justify><u>Definitions</u>. &nbsp;In addition to the terms defined elsewhere in this Agreement, for all purposes of this Agreement, the following terms have the meanings set forth in this Section 1.1:</p> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; CLEAR:left; MARGIN-TOP:0px; TEXT-INDENT:48px" align=justify>&#147;<u>Acquiring Person</u>&#148; shall have the meaning ascribed to such term in Section 4.5.</p> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; MARGIN-TOP:0px; TEXT-INDENT:48px" align=justify>&#147;<u>Action</u>&#148; shall have the meaning ascribed to such term in Section 3.1(j).</p> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; MARGIN-TOP:0px; TEXT-INDENT:48px" align=justify>&#147;<u>Affiliate</u>&#148; means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.</p> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; MARGIN-TOP:0px; TEXT-INDENT:48px" align=justify>&#147;<u>BHCA</u>&#148; shall have the meaning ascribed to such term in section 3.1(kk).</p> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; MARGIN-TOP:0px; TEXT-INDENT:48px" align=justify>&#147;<u>Board of Directors</u>&#148; means the board of directors of the Company.</p> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; MARGIN-TOP:0px; TEXT-INDENT:48px" align=justify>&#147;<u>Business Day</u>&#148; means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.</p> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; MARGIN-TOP:0px; TEXT-INDENT:48px" align=justify>&#147;<u>Certificate of Designation</u>&#148; means the Series B Convertible Preferred Stock Certificate of Designation to be filed prior to the Closing by the Company with the Secretary of State of Delaware. &nbsp;</p> <p style="MARGIN-BOTTOM:16px; MARGIN-TOP:0px" align=justify><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center><i>Exhibit C to Securities Purchase Agreement</i></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-BOTTOM:9px; PADDING-TOP:9px"> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; TEXT-INDENT:48px" align=justify>&#147;<u>Closing</u>&#148; means the closing of the purchase and sale of the Securities pursuant to Section 2.1.</p> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; MARGIN-TOP:0px; TEXT-INDENT:48px" align=justify>&#147;<u>Closing Date</u>&#148; means the Trading Day on which all of the Transaction Documents have been executed and delivered by the applicable parties thereto, and all conditions precedent to (i) the Purchasers&#146; obligations to pay the Subscription Amount and (ii) the Company&#146;s obligations to deliver the Shares and Warrants, in each case, have been satisfied or waived, but in no event later than the third Trading Day following the date hereof.</p> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; MARGIN-TOP:0px; TEXT-INDENT:48px" align=justify>&#147;<u>Commission</u>&#148; means the United States Securities and Exchange Commission.</p> <p style="MARGIN-BOTTOM:16px; FONT-SIZE:12pt; MARGIN-TOP:0px; TEXT-INDENT:48px" align=ju