SEC Contract Filing

Filing Date: 2024-05-13

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d801650dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXHIBIT 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">EXECUTION COPY </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES
PURCHASE AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This <B>SECURITIES PURCHASE AGREEMENT</B> (the &#147;<B>Agreement</B>&#148;), dated as of May&nbsp;10, 2024, is by
and among Fisker Inc., a Delaware corporation with offices located at 1888 Rosecrans Avenue, Manhattan Beach, California 90266 (the &#147;<B>Company</B>&#148;), and the investors listed on the Schedule of Buyers attached hereto (individually, a
&#147;<B>Buyer</B>&#148; and collectively, the &#147;<B>Buyers</B>&#148;). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>RECITALS </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A. WHEREAS, the Company desires to issue and sell to each Buyer, and each Buyer desires to purchase the Notes (as defined below) in reliance
upon the exemption from securities registration afforded by Section&nbsp;4(a)(2) of the Securities Act of 1933 (as amended from time to time, the &#147;<B>1933 Act</B>&#148;) on each Closing Date (as defined below); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">B. WHEREAS, the Company has authorized the issuance and sale of senior secured notes of the Company, in the aggregate original principal
amount of up to (seven million and five hundred thousand dollars) $7,500,000 (&#147;<B>Maximum Issuance Amount</B>&#148;), substantially in the form attached hereto as <U>Exhibit</U><U></U><U>&nbsp;A</U> (the &#147;<B>Notes</B>&#148;), in one or
more tranches (each a &#147;<B>Tranche</B>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">C. WHEREAS, each Buyer wishes to purchase, and the Company wishes to sell, upon the
terms and conditions stated in this Agreement, at the Initial Closing (as defined below) a Note in the original principal amount set forth opposite such Buyer&#146;s name in <U>column (2)</U> (<I>Initial Tranche</I>) on the Schedule of Buyers (the
&#147;<B>Initial Notes</B>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">D. WHEREAS, each Buyer may, at its sole discretion purchase, and the Company wishes to sell, upon the
terms and conditions stated in this Agreement, at Additional Closing Date(s) (as defined below) in subsequent Tranche(s) Notes up to the Maximum Issuance Amount in the aggregate; </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>AGREEMENT </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW,
THEREFORE, in consideration of the premises and the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and each Buyer hereby agree as follows:
</P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>PURCHASE AND SALE OF NOTES. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Purchase of Notes. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <U>Purchase of Initial Tranche of Notes</U>. Subject to the satisfaction (or waiver) of the conditions set forth in
<U>Sections 1(b)(i)</U>, <U>6(a)</U> and <U>7(a)</U> below, the Company shall issue and sell to each Buyer, and each Buyer, severally but not jointly, shall purchase from the Company on the Initial Closing Date (as defined below) an Initial Note in
the original principal amount as set forth opposite such Buyer&#146;s name in <U>column (2)</U> (<I>Initial Tranche</I>) on the Schedule of Buyers (the &#147;<B>Initial Closing</B>&#148;). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) <U>Purchase of Subsequent Tranches of Notes</U>. Subject to the consent of each Buyer in its sole discretion to provide
additional funding (which may be withheld for any reason or no reason), the satisfaction (or waiver) of the conditions set forth in Sections <U>1(b)(ii)</U>, <U>6(b)</U> and <U>7(b)</U> below and the delivery of a written notice from the Company to
the Buyers requesting the Closing of a subsequent Tranche to occur (the &#147;<B>Additional Closing Notice</B>&#148;), which notice shall be delivered at least two (2)&nbsp;Business Days prior to the proposed Closing Date and the proposed Closing
Date shall not be sooner than five (5)&nbsp;Business Days after the immediately preceding Closing Date, the Company shall issue and sell to each Buyer, and each Buyer, severally but not jointly, may purchase from the Company on e