SEC Contract Filing

Filing Date: 2019-05-03

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>ex10-1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Execution
Copy</B></FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>SECURITIES
PURCHASE AGREEMENT</U></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>THIS
SECURITIES PURCHASE AGREEMENT</B> (this &ldquo;<U>Agreement</U>&rdquo;), dated as of May 3, 2019, is between <B>TARONIS TECHNOLOGIES,
INC.</B>, a company incorporated under the laws of the State of Delaware (the &ldquo;<U>Company</U>&rdquo;), and each of the investors
listed on the Schedule of Buyers attached hereto (individually, a &ldquo;<U>Buyer</U>&rdquo; and collectively the &ldquo;<U>Buyers</U>&rdquo;).</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>WITNESSETH</U></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
subject to the terms and conditions set forth in this Agreement and pursuant to (i) an effective registration statement under
the Securities Act of 1933, as amended (the &ldquo;<U>Securities Act</U>&rdquo;), as to the Shares (as defined herein); and (ii)
a simultaneous private placement of Convertible Debentures and underlying Conversion Shares (as defined herein) pursuant to Section
4(a)(2) under the Securities Act, the Company desires to issue and sell to each Buyer, and each Buyer, severally and not jointly,
desires to purchase from the Company, &ldquo;Securities&rdquo; of the Company as more fully described in this Agreement.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the total dollar value of Shares that will be sold to the Buyer(s) pursuant to this Agreement shall be $500,000 sold at a 20%
discount to the closing price of the Company&rsquo;s common stock on the Trading Market on the day immediately preceding the Closing
Date (&ldquo;<U>Share Subscription Amount</U>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the parties desire that, upon the terms and subject to the conditions contained herein, the Company shall issue and sell to the
Buyer(s), as provided herein, and the Buyer(s) shall purchase $1,500,000 (&ldquo;<U>Convertible Debenture Subscription Amount</U>&rdquo;)
of convertible debentures in the form attached hereto as &ldquo;<U>Exhibit B</U>&rdquo; (the &ldquo;<U>Convertible Debentures</U>&rdquo;),
which may be convertible into shares of the Company&rsquo;s common stock, par value $0.001 (the &ldquo;<U>Common Stock</U>&rdquo;)
(as converted, the &ldquo;<U>Conversion Shares</U>&rdquo;) which shall be purchased upon the signing of this Agreement (the &ldquo;<U>Closing</U>&rdquo;)
for a total purchase price of $1,425,000 (the &ldquo;<U>Purchase Price</U>&rdquo;) in the respective amounts set forth opposite
each Buyer(s) name on <U>Exhibit A</U>;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
contemporaneously with the execution and delivery of this Agreement, the parties hereto are executing and delivering a Registration
Rights Agreement (the &ldquo;<U>Registration Rights Agreement</U>&rdquo;) pursuant to which the Company has agreed to provide
certain registration rights under the Securities Act and the rules and regulations promulgated there under, and applicable state
securities laws;</FONT></P>

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