SEC Contract Filing

Filing Date: 2015-09-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>cybt_ex101.htm
<DESCRIPTION>FORM OF PURCHASE AGREEMENT
<TEXT>
<html><head><title>cybt_ex101.htm</title><!--Document Created by EDGARMaster--></head><BODY style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%" scroll="yes"><p style="MARGIN: 0px" align="right"><b><font size="2">EXHIBIT 10.1</font></b></p> <p style="MARGIN: 0px" align="center"><b><font size="2"></font></b>&nbsp;</p> <p style="MARGIN: 0px" align="center"><b><font size="2">SECURITIES PURCHASE AGREEMENT</font></b><font size="2"></font></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px"><font size="2">This SECURITIES PURCHASE AGREEMENT (the &#8220;<b><u>Agreement</u></b>&#8221;) is made as of ________, 2015, by and between ____________ (the &#8220;<b><u>Purchaser</u></b>&#8221;) and Cybergy Holdings, Inc. (the &#8220;<b><u>Company</u></b>&#8221;).</font></p> <p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px"><font size="2">The Purchaser desires to buy, $__________ (the &#8220;<b><u>Purchase Price</u></b>&#8221;) of the Company&#8217;s 5% Senior Secured Convertible Debentures (the &#8220;<b><u>Debenture</u></b>&#8221;) and ____________ shares of the Company&#8217;s Common Stock (the &#8220;<b><u>Shares</u></b>&#8221; and, together with the Debenture, the &#8220;<b><u>Securities</u></b>&#8221;) on the terms and conditions set forth in this Agreement.</font></p> <p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px"><font size="2">The Company and the Purchaser are executing and delivering this Agreement in reliance upon the provisions of Section 4(a)(2) of the Securities Act of 1933, as amended (the &#8220;<b><u>Securities Act</u></b>&#8221;), and Rule 506 of Regulation&nbsp;D promulgated by the Commission under the Securities Act, and upon such other exemption from the registration requirements of the Securities Act as may be available with respect to any or all of the investments in Common Stock to be made hereunder;</font></p> <p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px"><font size="2">In consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</font></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="center"><b><font size="2">ARTICLE I</font></b></p> <p style="MARGIN: 0px" align="center"><b><font size="2">PURCHASE AND SALE OF THE SECURITIES</font></b><font size="2"></font></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px"><font size="2">Section&nbsp;1.1 <u>Purchase and Sale of Securities</u>. Subject to and in reliance upon the representations, warranties, terms and conditions of this Agreement, the Purchaser hereby agrees to purchase the Securities in exchange for the Purchase Price.</font></p> <p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px"><font size="2">Section&nbsp;1.2 <u>Closing Conditions</u>. The following conditions must be met prior to closing:</font></p> <p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 90px"><font size="2">(a) the Purchaser has delivered $_________ to the Escrow Agent;</font></p> <p style="MARGIN: 0px; TEXT-INDENT: 90px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 90px"><font size="2">(b) the Company has prepared a warrant, in the form of <u>Exhibit A</u>, with a 5-year term exercisable at any time, for $0.10, subject to adjustment (the &#8220;<b><u>Warrant Price</u></b>&#8221;), in cash provided a registration statement for the common shares underlying the warrant is effective and current) or on a cashless basis if and only if a registration statement for the common shares underlying the warrant is not effective and current (the &#8220;<b><u>Warrant</u></b>&#8221;); and</font></p> <p style="MARGIN: 0px; TEXT-INDENT: 90px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 90px"><font size="2">(c) the Company has amended the certificate of designation for the Company&#8217;s Series C Preferred Stock. <p style="MARGIN: 0px"> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px"> <table id="pagebreak3098f98a-b1b5-40c3-a17b-c4d8767c2154" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0"> <tr> <td class="hpbhr">&nbsp;</td></tr> <tr> <td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">1</td></tr> <tr></tr> <tr> <td> <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr> <tr> <td>&nbsp;</td></tr></table></p> <p style="MARGIN: 0px">&nbsp;</font>&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px"><font size="2">Section&nbsp;1.3 <u>The Closing.</u> The closing of the purchase and sale of the Securities under this Agreement (the &#8220;<b><u>Closing Date</u></b>&#8221;) shall take place on a Business Day when the conditions in Section 1.2 have been satisfied or waived.</font></p> <p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px"><font size="2">On the Closing Date, the Escrow Agent shall deliver to:</font></p> <p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 90px"><font size="2">(a) the Purchaser a Debenture for $__________, in the form of <u>Exhibit B</u>, and a stock certificate representing the Shares either (i)&nbsp;endorsed for transfer to the Purchaser or (ii)&nbsp;accompanied by an executed stock power sufficient to transfer such Shares to the Purchaser;</font></p> <p style="MARGIN: 0px; TEXT-INDENT: 90px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 90px"><font size="2">(b) the Purchaser a warrant for _________ shares of the Company&#8217;s Common Stock; and</font></p> <p style="MARGIN: 0px; TEXT-INDENT: