SEC Contract Filing

Filing Date: 2023-01-27

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>hyex_ex10z1.htm
<DESCRIPTION>SECURITIES PURCHASE AGREEMENT DATED JANUARY 24, 2023
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<TITLE>HYEX Walleye SPA (clean 1.24.23) (02097791-2).DOCX</TITLE>
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<DIV style=margin-left:72pt;width:468pt><P align=center style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt'><B>SECURITIES PURCHASE AGREEMENT</B></P>
<P align=justify style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt;text-indent:36pt'>This Securities Purchase Agreement (this &#8220;<FONT style='border-bottom:1px solid #000000'>Agreement</FONT>&#8221;) is dated as of January 24, 2023 between Healthy Extracts, Inc., a Nevada corporation (&#8220;<FONT style='border-bottom:1px solid #000000'>Company</FONT>&#8221;), and [<FONT style='font:10pt Symbol'><FONT face=Symbol>&#183;</FONT></FONT>] (the &#8220;<FONT style='border-bottom:1px solid #000000'>Investor</FONT>&#8221; or the &#8220;<FONT style='border-bottom:1px solid #000000'>Purchaser</FONT>&#8221;).</P>
<P align=justify style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt;text-indent:36pt'><B>WHEREAS</B>, the Investor wishes to purchase from the Company, and the Company wishes to sell and issue to the Investor, (i) a 10% OID promissory note in the form set forth in <FONT style='border-bottom:1px solid #000000'>Appendix A</FONT> hereto (the &#8220;<FONT style='border-bottom:1px solid #000000'>Note</FONT>&#8221;), in an aggregate principal amount of $ [<FONT style='font:10pt Symbol'><FONT face=Symbol>&#183;</FONT></FONT>], and (ii) a warrant in the form set forth in <FONT style='border-bottom:1px solid #000000'>Appendix B</FONT> (the &#8220;<FONT style='border-bottom:1px solid #000000'>Warrant</FONT>&#8221;), subject to the terms and conditions therein contained;</P>
<P align=justify style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt;text-indent:36pt'><B>WHEREAS</B>, Spartan Capital Securities LLC (&#8220;<FONT style='border-bottom:1px solid #000000'>Placement Agent</FONT>&#8221;) is acting as the exclusive placement agent for the offering of the Note and the Warrant contemplated by this Agreement (&#8220;<FONT style='border-bottom:1px solid #000000'>Offering</FONT>&#8221;); and</P>
<P align=justify style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt;text-indent:36pt'><B>WHEREAS</B>, the Company and the Investor are executing and delivering this Agreement in reliance upon an exemption from securities registration requirements of the Securities Act afforded by the provisions of Section 4(a)(2) and/or Rule 506(b) of Regulation D promulgated thereunder by the SEC.</P>
<P align=justify style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt;text-indent:36pt'><B>NOW, THEREFORE</B>, 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 agree as follows:</P>
<P align=center style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt'><B>ARTICLE I. DEFINITIONS</B></P>
<P align=justify style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:36pt'>Section 1.01</KBD><KBD style=margin-left:108pt></KBD><FONT style='border-bottom:1px solid #000000'>Definitions</FONT>. In addition to the terms defined elsewhere in this Agreement:&nbsp;</P>
<P align=justify style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:72pt'>(a)</KBD><KBD style=margin-left:108pt></KBD>capitalized terms that are not otherwise defined herein have the meanings given to such terms in the Note (as defined herein), and&nbsp;</P>
<P align=justify style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:72pt'>(b)</KBD><KBD style=margin-left:108pt></KBD>the following terms have the meanings set forth in this Agreement:&nbsp;</P>
<P align=justify style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt;text-indent:36pt'>&#8220;<FONT style='border-bottom:1px solid #000000'>$</FONT>&#8221; or &#8220;<FONT style='border-bottom:1px solid #000000'>USD</FONT>&#8221; means United States Dollars.</P>
<P align=justify style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt;text-indent:36pt'>&#8220;<FONT style='border-bottom:1px solid #000000'>Action</FONT>&#8221; shall have the meaning ascribed to such term in Section 3.01(j).</P>
<P align=justify style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt;text-indent:36pt'>&#8220;<FONT style='border-bottom:1px solid #000000'>Affiliate</FONT>&#8221; means any Person that, directly or indirectly through one or more intermediaries, controls 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 align=justify style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt;text-indent:36pt'>&#8220;<FONT style='border-bottom:1px solid #000000'>BHCA</FONT>&#8221; shall have the meaning ascribed to such term in Section 3.01(nn).</P>
<P align=justify style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt;text-indent:36pt'>&#8220;<FONT style='border-bottom:1px solid #000000'>Board of Directors</FONT>&#8221; means the board of directors of the Company.</P>
<P align=justify style='font:12pt Times New Roman;margin-top:0pt;margin-bottom:12pt;text-indent:36pt'>&#8220;<FONT style='border-bottom:1px solid #000000'>Business Day</FONT>&#8221; means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized