SEC Contract Filing

Filing Date: 2021-09-02

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d169384dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Execution Version </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PURCHASE AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>PURCHASE AGREEMENT</B> (the &#147;<U>Agreement</U>&#148;), dated as of September&nbsp;1, 2021, by and between <B>HELIUS MEDICAL
TECHNOLOGIES, INC.</B>, a Delaware corporation (the &#147;<U>Company</U>&#148;), and <B>LINCOLN PARK CAPITAL FUND, LLC</B>, an Illinois limited liability company (the &#147;<U>Investor</U>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>WHEREAS: </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subject to the
terms and conditions set forth in this Agreement, the Company wishes to sell to the Investor, and the Investor wishes to buy from the Company, up to Fifteen Million Dollars ($15,000,000) of the Company&#146;s Class&nbsp;A common stock, $0.001 par
value per share (the &#147;<U>Common Stock</U>&#148;). The shares of Common Stock to be purchased hereunder are referred to herein as the &#147;<U>Purchase Shares</U>.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW THEREFORE, 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 the Investor hereby agree as follows: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;CERTAIN DEFINITIONS. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For purposes of this Agreement, the following terms shall have the following meanings: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Accelerated Purchase Date</U>&#148; means, with respect to any Accelerated Purchase made pursuant to
<U>Section</U><U></U><U>&nbsp;2(b)</U> hereof, the Business Day immediately following the applicable Purchase Date with respect to the corresponding Regular Purchase referred to in clause (i)&nbsp;of the second sentence of
<U>Section</U><U></U><U>&nbsp;2(b)</U> hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Accelerated Purchase Minimum Price Threshold</U>&#148;
means, with respect to any Accelerated Purchase made pursuant to <U>Section</U><U></U><U>&nbsp;2(b)</U> hereof, the greater of (i)&nbsp;seventy-five percent (75%) of the Closing Sale Price of the Common Stock on the applicable Purchase Date with
respect to the corresponding Regular Purchase referred to in clause (i)&nbsp;of the second sentence of <U>Section</U><U></U><U>&nbsp;2(b)</U> hereof and (ii)&nbsp;the minimum per share price threshold (if any) set forth by the Company in the
applicable Accelerated Purchase Notice. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Accelerated Purchase Notice</U>&#148; means, with respect to
an Accelerated Purchase made pursuant to <U>Section</U><U></U><U>&nbsp;2(b)</U> hereof, an irrevocable written notice from the Company to the Investor directing the Investor to purchase the number of Purchase Shares specified by the Company therein
as the Accelerated Purchase Share Amount to be purchased by the Investor (such specified Accelerated Purchase Share Amount subject to adjustment in accordance with <U>Section</U><U></U><U>&nbsp;2(b)</U> hereof as necessary to give effect to the
Purchase Share amount limitations applicable to such Accelerated Purchase Share Amount as set forth in this Agreement) at the applicable Accelerated Purchase Price on the applicable Accelerated Purchase Date for such Accelerated Purchase. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Accelerated Purchase Price</U>&#148; means, with respect to an Accelerated Purchase made pursuant to
<U>Section</U><U></U><U>&nbsp;2(b)</U> hereof, the lower of <FONT STYLE="white-space:nowrap">(i)&nbsp;ninety-six</FONT> percent (96%) of the VWAP for the period beginning at 9:30:01 a.m., Eastern time, on the applicable Accelerated Purchase Date, or
such other time publicly announced by the Principal Market as the official open (or commencement) of trading on the Principal Market on such applicable Accelerated Purchase Date (the &#147;<U>Accelerated Purchase Commencement Time</U>&#148;), and
ending at the earliest of (A) 4:00:00 p.m., Eastern time, on such applicable Accelerated Purchase Date, or such other time publicly announced by the Principal Market as the official close of trading on the Principal Market on such applicable
Accelerated Purchase Date, (B)&nbsp;such time, from and after the Accelerated Purchase Commencement Time for such Accelerated Purchase, that the total number (or volume) of shares of Common Stock traded on the Principal Market has exceeded the
applicable </P>
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