SEC Contract Filing

Filing Date: 2018-01-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>securitiespurchaseagreemen.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<div><a name="sEAAB08C0E42E58FE9B2F96C483B8E335"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:17px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">SECURITIES PURCHASE AGREEMENT</font></div><div style="line-height:120%;padding-top:17px;text-align:justify;text-indent:30px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This Securities Purchase Agreement (this &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;) is dated as of January 22, 2018 by and among Glowpoint, Inc., a Delaware corporation (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:11pt;">&#8221;), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Purchaser</font><font style="font-family:inherit;font-size:11pt;">&#8221; and collectively, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Purchasers</font><font style="font-family:inherit;font-size:11pt;">&#8221;).</font></div><div style="line-height:120%;padding-top:17px;text-align:justify;text-indent:30px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, subject to the terms and conditions set forth in this Agreement and pursuant to an effective registration statement under the Securities Act as to 1,750 Shares, 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.</font></div><div style="line-height:120%;padding-top:17px;text-align:justify;text-indent:30px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the Company will sell up to $1,750,000 of Shares on the Closing Date pursuant to an effective registration statement under the Securities Act with respect to the Shares.</font></div><div style="line-height:120%;padding-top:17px;text-align:justify;text-indent:30px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">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:</font></div><div style="line-height:120%;padding-top:35px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">ARTICLE I.</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">DEFINITIONS</font></div><div style="line-height:120%;padding-top:17px;text-align:justify;text-indent:30px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">1.1 </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Definitions</font><font style="font-family:inherit;font-size:11pt;">. In addition to the terms defined elsewhere in this Agreement,&#160;the following terms have the meanings set forth in this Section&#160;1.1:</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;padding-left:5px;text-indent:29px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Acquiring Person</font><font style="font-family:inherit;font-size:11pt;">&#8221; shall have the meaning ascribed to such term in Section&#160;4.7.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;padding-left:5px;text-indent:29px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Action</font><font style="font-family:inherit;font-size:11pt;">&#8221; shall have the meaning ascribed to such term in Section&#160;3.1(j).</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;padding-left:5px;text-indent:29px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Affiliate</font><font style="font-family:inherit;font-size:11pt;">&#8221; 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.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;padding-left:5px;text-indent:29px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Board of Directors</font><font style="font-family:inherit;font-size:11pt;">&#8221; means the board of directors of the Company.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;padding-left:5px;text-indent:29px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Bus