SEC Contract Filing

Filing Date: 2015-07-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>iron_ex101.htm
<DESCRIPTION>SECURITIES PURCHASE AGREEMENT
<TEXT>
<html><head><title></title></head><BODY style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%"><P id=p0accc693-36c2-431c-a31e-0854aabdb218 style="MARGIN: 0px" align=right><B>EXHIBIT 10.1</B></P>
<P id=p51d40951-a2cd-4b8f-b6e1-469e3455dc6c style="MARGIN: 0px">&nbsp;</P>
<P id=pa19f7e82-a5cd-4d80-a229-a23fd60dda43 style="MARGIN: 0px" align=center><B>SECURITIES PURCHASE AGREEMENT</B></P>
<P id=p76444586-b08b-47c8-a0a8-b7dcf9b32354 style="MARGIN: 0px">&nbsp;</P>
<P id=p63db0054-9e79-4d38-9a2f-c301f26565b5 style="MARGIN: 0px; TEXT-INDENT: 45px">This Securities Purchase Agreement (this "<U>Agreement</U>") is dated as of July 16, 2015 between Ironwood Gold Corp., a Nevada corporation (the "<U>Company</U>"), and each purchaser identified on the signature pages hereto (each, including its successors and permitted assigns, a "<U>Purchaser</U>" and collectively, the "<U>Purchasers</U>").</P>
<P id=p2100669e-cc73-40a0-b3ee-a11424dd1a35 style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</P>
<P id=p234440c4-f672-46cf-ab82-ada04e31a4ad style="MARGIN: 0px; TEXT-INDENT: 45px">WHEREAS, subject to the terms and conditions set forth in this Agreement and pursuant to Section 4(2) of the Securities Act of 1933, as amended (the "<U>Securities Act</U>"), and Rule 506 promulgated thereunder, the Company desires to issue and sell to each Purchaser, and each Purchaser, severally and not jointly, desires to purchase from the Company, securities of the Company as more fully described in this Agreement.</P>
<P id=pa52b5f0f-7622-4a29-b27a-0b5b737e689b style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</P>
<P id=p39334a60-3185-42a6-9d82-3007eb6e419d style="MARGIN: 0px; TEXT-INDENT: 45px">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 each Purchaser agree as follows:</P>
<P id=pc85011e7-1f9b-4772-a2f7-eddce37c4211 style="MARGIN: 0px">&nbsp;</P>
<P id=pedb2f992-e48b-48df-8dde-4f32200d3245 style="MARGIN: 0px" align=center><B>ARTICLE I.</B></P>
<P id=p9473bc35-eefe-40d9-a62d-b24b09e04e1a style="MARGIN: 0px" align=center><B>DEFINITIONS</B></P>
<P id=p3bfba51d-4aa5-429a-9cce-b57baadd41a2 style="MARGIN: 0px">&nbsp;</P>
<P id=p94f6e0ac-1233-4904-9f25-ea0b9d188af5 style="MARGIN: 0px; TEXT-INDENT: 45px">1.1 <U>Definitions</U>. In addition to the terms defined elsewhere in this Agreement: (a) capitalized terms that are not otherwise defined herein have the meanings given to such terms in the Notes (as defined herein), and (b) the following terms have the meanings set forth in this Section 1.1:</P>
<P id=pa2b16e63-7e92-462e-8cab-77c656fd4aa8 style="MARGIN: 0px">&nbsp;</P>
<P id=p0698cbd0-0c87-4e81-87f4-55c823ae9b35 style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px">"<U>Acquiring Person</U>" shall have the meaning ascribed to such term in Section 4.7.</P>
<P id=p389cc728-1b57-4655-b0ac-72ed4fdb9baa style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px">&nbsp;</P>
<P id=p89c8c587-82e4-4033-9aec-961be9655dd6 style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px">"<U>Action</U>" shall have the meaning ascribed to such term in Section 3.1(j).</P>
<P id=p97dfc2a7-953e-45cc-a04f-2bbd7e44b0be style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px">&nbsp;</P>
<P id=p1fe17659-973e-449e-8ebe-ae5573666674 style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px">"<U>Affiliate</U>" means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.</P>
<P id=p99ca7a01-169f-42fd-bc30-489b93311e4c style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px">&nbsp;</P>
<P id=p7e9f2885-e00b-4901-8838-950fda188f1d style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px">"<U>Board of Directors</U>" means the board of directors of the Company.</P>
<P id=p03de3e40-69a4-4140-825c-70b07604dd76 style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px">&nbsp;</P>
<P id=p5c4ecbbd-6fb3-4425-b28a-78a5d61034f2 style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px">"<U>Business Day</U>" means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.</P>
<P id=p16b0ff5d-6ce0-4110-85f8-913964583ceb style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px">&nbsp;</P>
<P id=pfbf7851a-0a8e-4a39-a7b0-31b455405a30 style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px">"<U>Closing</U>" shall have the meaning ascribed to such term in Section 2.1.</P>
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<P id=p2b1dce9e-7c46-45a3-a3a4-2566e63249b8 style="MARGIN: 0px">&nbsp;</P>
<P id=p32fc1f1a-9d29-48f1-be54-95ec5a026068 style="MARGIN: 0px 0px 0px 45px; TEXT-INDENT: 45px">"<U>Closing Date</U>" the Closing Date, if any, and is the Trading Day on which all of the Transaction Documents have been executed and delivered by the applicable parties thereto, and all conditions precedent to (i) the Purchasers' obligations to pay the Subscription Amount at such Closing and (ii) the Company's obligations to deliver the Securities to be issued and sold at such Closing.</P>
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