SEC Contract Filing

Filing Date: 2024-01-19

Document Content:
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<TYPE>EX-10.2
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<FILENAME>ef20018999_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
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 <div style="text-align: right; font-family: 'Times New Roman'; font-size: 12pt;"><font style="font-weight: bold; font-size: 10pt;"> Exhibit 10.2</font><font style="font-size: 10pt;"><br>
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 <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">THESE SECURITIES AND THE SECURITIES ISSUABLE UPON CONVERSION HEREOF HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION IN RELIANCE UPON AN EXEMPTION
 FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &#8220;<u>SECURITIES ACT</u>&#8221;), OR UNDER ANY APPLICABLE STATE SECURITIES LAWS AND, ACCORDINGLY, MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE
 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN COMPLIANCE WITH APPLICABLE STATE SECURITIES LAWS OR BLUE SKY
 LAWS.</div>
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 <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">THIS INSTRUMENT IS SUBORDINATED TO ALL INDEBTEDNESS NOW OR HEREAFTER OWING BY THE MAKER TO CITY NATIONAL BANK OF FLORIDA, AS PROVIDED IN THOSE CERTAIN SUBORDINATION OF
 DEBT AGREEMENTS DATED AS OF JANUARY 18, 2024.</div>
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 <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">THIS INSTRUMENT IS SUBJECT TO THE RESTRICTIONS ON TRANSFER SET FORTH IN THE NOTE PURCHASE AND REGISTRATION RIGHTS AGREEMENT DATED AS OF JANUARY 18, 2024, A COPY OF
 WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY.</div>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">VENUS CONCEPT INC.</div>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SECURED SUBORDINATED CONVERTIBLE NOTE</div>
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 <div>Certificate No.: 1</div>
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 <div>Issuance Date: January 18, 2024</div>
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 <div style="text-align: right;">Original Principal Amount: U.S.$1,922,648.77</div>
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 <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 12pt; text-indent: 36pt;"><font style="font-size: 10pt; font-weight: bold;">FOR VALUE RECEIVED, </font><font style="font-size: 10pt;">Venus Concept Inc., a Delaware
 corporation (the &#8220;<u>Company</u>&#8221;), hereby promises to pay to EW Healthcare Partners, L.P. or registered permitted assigns (the &#8220;<u>Holder</u>&#8221;) in cash the amount set out above as the Original Principal Amount (as reduced pursuant to the terms
 hereof pursuant to redemption, conversion or otherwise, the &#8220;<u>Principal</u>&#8221;) when due, whether upon the Maturity Date, acceleration, redemption or otherwise (in each case in accordance with the terms hereof) and to pay interest (&#8220;<u>Interest</u>&#8221;)

 on any outstanding Principal at the applicable Interest Rate from the date set out above as the Issuance Date (the &#8220;<u>Issuance Date</u>&#8221;) until the same becomes due and payable, whether upon an Interest Date, the Maturity Date, acceleration,
 conversion, redemption or otherwise (in each case in accordance with the terms hereof).&#160; This Secured Subordinated Convertible Note (including all Secured Subordinated Convertible Notes issued in exchange, transfer or replacement hereof, this &#8220;<u>Note</u>&#8221;)

 is one of a series of Secured Subordinated Convertible Notes issued pursuant to the Note Purchase Agreement (as defined herein) dated as of the Issuance Date by and among Holder and the Company (collectively with any other Secured Subordinated
 Convertible Notes issued pursuant to the Note Purchase Agreement, the &#8220;<u>Notes</u>&#8221; and such other Secured Subordinated Convertible Notes, the &#8220;<u>Other Notes</u>&#8221;).&#160; Certain capitalized terms used herein are defined in <u>Section 28</u>.</font></div>
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