SEC Contract Filing

Filing Date: 2019-05-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>6
<FILENAME>ex_143749.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<p style="margin-bottom: 0px; text-align: right; margin-top: 0px"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.2</b></font></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>AMENDED AND RESTATED SECURED PROMISSORY NOTE</b></p>

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 <td style="width: 50%; padding: 0pt; margin: 0pt; text-indent: 36pt; text-align: left;">$[____]&nbsp;</td>
 <td style="width: 50%; text-align: right;">Dated: May 3, 2019</td>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:10.5pt;">FOR VALUE RECEIVED, the undersigned, ADYNXX, INC., a Delaware corporation with an office at 100 Pine Street, #500, San Francisco, CA 9411, which will be re-named ADYNXX SUB, INC. effective immediately following consummation of the Alliqua Merger and ALLIQUA BIOMEDICAL, INC., a Delaware corporation with offices located at 2150 Cabot Blvd., West, Suite B, Langhorne, PA 19047, which will be re-named ADYNXX, INC. effective immediately following consummation of the Merger (individually and collectively, jointly and severally, &ldquo;<b>Borrower</b>&rdquo;) HEREBY PROMISES TO PAY to the order of OXFORD FINANCE LLC (&ldquo;<b>Lender</b>&rdquo;) the principal amount of [___] DOLLARS ($[___]) or such lesser amount as shall equal the outstanding principal balance of the Term&nbsp;[__] Loan made to Borrower by Lender, plus interest on the aggregate unpaid principal amount of such Term&nbsp;[__] Loan, at the rates and in accordance with the terms of the Loan and Security Agreement dated November 24, 2015, by and among Borrower, Lender, Oxford Finance LLC, as Collateral Agent, and the other Lenders from time to time party thereto (as amended, restated, supplemented or otherwise modified from time to time, the &ldquo;<b>Loan Agreement</b>&rdquo;). If not sooner paid, the entire principal amount and all accrued and unpaid interest hereunder shall be due and payable on the Maturity Date as set forth in the Loan Agreement. Any capitalized term not otherwise defined herein shall have the meaning attributed to such term in the Loan Agreement. This Note amends and restates in its entirety that certain Secured Promissory Note issued in the original principal amount of $[___], pursuant to the Loan Agreement, on January 29, 2016.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Principal, interest and all other amounts due with respect to the Term&nbsp;[__] Loan, are payable in lawful money of the United States of America to Lender as set forth in the Loan Agreement and this Amended and Restated Secured Promissory Note (this &ldquo;<b>Note</b>&rdquo;). The principal amount of this Note and the interest rate applicable thereto, and all payments made with respect thereto, shall be recorded by Lender and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Note.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">The Loan Agreement, among other things, (a)&nbsp;provides for the making of a secured Term&nbsp;[__] Loan by Lender to Borrower, and (b)&nbsp;contains provisions for acceleration of the maturity hereof upon the happening of certain stated events.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">This Note may not be prepaid except as set forth in Section&nbsp;2.2 (c)&nbsp;and Section&nbsp;2.2(d)&nbsp;of the Loan Agreement.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">This Note and the obligation of Borrower to repay the unpaid principal amount of the Term&nbsp;[__] Loan, interest on the Term&nbsp;[__] Loan and all other amounts due Lender under the Loan Agreement is secured under the Loan Agreement.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Presentment for payment, demand, notice of protest and all other demands and notices of any kind in connection with the execution, delivery, performance and enforcem