SEC Contract Filing

Filing Date: 2017-02-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P id=PARA1 style="MARGIN-BOTTOM: 0px; TEXT-ALIGN: right; MARGIN-TOP: 0px"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>Exhibit 10.1</B></FONT></P>
<P id=PARA2 style="MARGIN-BOTTOM: 0px; TEXT-ALIGN: left; MARGIN-TOP: 0px"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA702 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>SERIES J PREFERRED STOCK SUBSCRIPTION AGREEMENT</B></FONT></P>
<P id=PARA703 style="TEXT-ALIGN: center; MARGIN: 0pt; LINE-HEIGHT: 1.25"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA704 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">THIS SERIES J PREFERRED STOCK SUBSCRIPTION AGREEMENT (as may be amended or modified from time to time in accordance with the terms hereof, this &#8220;<I><B>Agreement</B></I>&#8221;) is entered into on January 27, 2017, by and among LIGHTING SCIENCE GROUP CORPORATION, a Delaware corporation (the &#8220;<I><B>Company</B></I>&#8221;), and the person(s) (the &#8220;<I><B>Purchasers</B></I>&#8221;) listed on the Schedule of Purchasers attached hereto as <U>Exhibit A</U> (the &#8220;<I><B>Schedule of Purchasers</B></I>&#8221;).</FONT></P>
<P id=PARA705 style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA706 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>WHEREAS, </B>on September 11, 2013, the Company authorized a series of preferred shares designated the &#8220;Series J Convertible Preferred Stock&#8221; (&#8220;<I><B>Series J Preferred Shares</B></I>&#8221;), which are convertible into shares of common stock, $0.001 par value per share, of the Company (&#8220;<I><B>Common Stock</B></I>&#8221;);</FONT></P>
<P id=PARA707 style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA708 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>WHEREAS, </B>the terms and conditions of the Series J Preferred Shares are governed in accordance with the Amended and Restated Certificate of Designation of Series J Convertible Preferred Stock attached hereto as <U>Exhibit B</U> (as amended from time to time, the &#8220;<I><B>Series J Certificate of Designation</B></I>&#8221;);</FONT></P>
<P id=PARA709 style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA710 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>WHEREAS</B>,<B> </B>the Company desires to sell to each Purchaser, and each Purchaser desires to buy from the Company, the number of </FONT><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">units of the Company&#8217;s securities (the &#8220;<I><B>Series J Securities</B></I>&#8221;) set forth opposite such Purchaser&#8217;s name on the Schedule of Purchasers at a purchase price of $1,000 per Series J Security. Each </FONT><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Series J Security shall </FONT><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">consist of (i)&nbsp;one Series J Preferred Share and (ii)&nbsp;a warrant to purchase 2,650 shares of Common Stock (the &#8220;<I><B>Series J Warrants</B></I>&#8221;) on the terms set forth in the form of warrant attached hereto as <U>Exhibit C</U>;</FONT></P>
<P id=PARA711 style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA712 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>WHEREAS</B>, the Company is authorized to sell: (i)&nbsp;15,000 Series&nbsp;J Securities in a series of transactions commencing January 27, 2017 and ending on the earlier of (A)&nbsp;the sale of 15,000 Series J Securities to purchasers designated by the Chief Executive Officer, Chief Financial Officer or Secretary of the Company or (B)&nbsp;December 31, 2017 and (ii)&nbsp;such number of additional Series&nbsp;J Securities as are purchased pursuant to Section&nbsp;14 of each of the Series&nbsp;H Certificate of Designation, the Series&nbsp;I Certificate of Designation and the Series&nbsp;J Certificate of Designation as a result of the sale of the Series&nbsp;J Securities to be issued as described in clause (i)&nbsp;above; and</FONT></P>
<P id=PARA713 style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA714 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><B>WHEREAS</B>, certain capitalized terms as used herein shall have the meaning set forth in <U>Section 5(a)</U> hereof.</FONT></P>
<P id=PARA715 style="MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><FONT style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</FONT></P>
<P id=PARA716 style="TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEI