SEC Contract Filing

Filing Date: 2019-12-30

Document Content:
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<TYPE>EX-10
<SEQUENCE>4
<FILENAME>ex10-2.htm
<DESCRIPTION>FORM OF SENIOR CONVERTIBLE PROMISSORY NOTE
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Exhibit 10.2</font></div>
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THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE &#x201C;<font style="text-decoration: underline">SECURITIES ACT</font>&#x201D;), OR ANY
STATE SECURITIES LAW AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE
DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND UNDER
APPLICABLE STATE SECURITIES LAWS OR BOND LABORATORIES, INC. SHALL
HAVE RECEIVED AN OPINION OF ITS COUNSEL THAT REGISTRATION OF SUCH
SECURITIES UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF
APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED.</font></div>
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AZURRX BIOPHARMA, INC.</font></div>
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Senior Convertible Promissory Note</font></font></div>
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<div><font style="font-size: 13px;">&#xA0;<font style="font-weight: bold; font-family: Times New Roman;">Principal Sum
(U.S.): [$_____]&#xA0;&#xA0;<br></font></font></div>
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<div style="text-align: right"><font style="font-size: 13px;">&#xA0;<font style="font-weight: bold; font-family: Times New Roman;">Issuance
Date: December __, 2019</font></font></div>
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<div><font style="font-size: 13px;">&#xA0;<font style="font-weight: bold; font-family: Times New Roman;">No.:
N-______&#xA0;&#xA0;&#xA0;<br></font></font></div>
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<div style="text-align: right"><font style="font-size: 13px;">&#xA0;<font style="font-weight: bold; font-family: Times New Roman;">Maturity
Date: September__, 2020</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">FOR VALUE RECEIVED</font>, the undersigned,
AzurRx BioPharma, Inc., a Delaware corporation (the
&#x201C;<font style="text-decoration: underline">Company</font>&#x201D;), hereby
promises to pay to the order of ___________, or any future
permitted holder of this Senior Convertible Promissory Note (the
&#x201C;<font style="text-decoration: underline">Holder</font>&#x201D;), at the
principal office of the Holder set forth herein, or at such other
place as the holder may designate in writing to the Company, the
principal sum of ________ Dollars ($______) or such other amount as
may be outstanding hereunder, together with all accrued but unpaid
interest, shall be paid as provided in this Senior Convertible
Promissory Note (the &#x201C;<font style="text-decoration: underline">Note</font>&#x201D;). Each capitalized
term used herein, and not otherwise defined, shall have the meaning
ascribed thereto in that certain Convertible Note and Warrant
Purchase Agreement, dated as of the Issuance Date, pursuant to
which this Note was originally issued (the &#x201C;<font style="text-decoration: underline">Purchase
Agreement</font>&#x201D;).</font></div>
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<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">1.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Ranking and
Security</font>.</font></div>
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<div style="margin-left: 0px; text-indent: 96px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="background-color: #FFFFFF">This Note shall be rank pari
passu</font> in right of repayment with respect to certain other
promissory notes of the Company, if issued, of l