SEC Contract Filing

Filing Date: 2020-02-10

Document Content:
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<TYPE>EX-10.1
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<FILENAME>nc10008324x2_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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 <p style="FONT-WEIGHT: bold; TEXT-ALIGN: right; MARGIN: 0px">Exhibit 10.1</p>
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 <p style="TEXT-ALIGN: center; FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">&#160;</p>
 <p style="TEXT-ALIGN: center; FONT: bold 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">$105,000,000</p>
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 <p style="TEXT-ALIGN: center; FONT: bold 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">PAR TECHNOLOGY CORPORATION</p>
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 <p style="TEXT-ALIGN: center; FONT: bold 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">2.875% Convertible Senior Notes due 2026</p>
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 <p style="TEXT-ALIGN: right; FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">February 5, 2020</p>
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 <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">JEFFERIES LLC<br>
 520 Madison Avenue<br>
 New York, New York 10022</p>
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 <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">Ladies and Gentlemen:</p>
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 <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in">PAR Technology Corporation, a Delaware corporation (the &#8220;<u>Company</u>&#8221;), hereby agrees with you as follows:</p>
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 <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in"><b>1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Issuance of Securities</u></b>. Subject to the terms and conditions herein contained, the Company proposes to issue and sell to Jefferies LLC
 (the &#8220;<u>Initial Purchaser</u>&#8221;) $105,000,000 in aggregate principal amount of 2.875% Convertible Senior Notes due 2026 (the &#8220;<u>Initial Securities</u>&#8221;). The Initial Securities will be issued pursuant to an indenture (the &#8220;<u>Indenture</u>&#8221;), to be
 dated as of February 10, 2020, by and among the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the &#8220;<u>Trustee</u>&#8221;). In addition, the Company has granted to the Initial Purchaser an option to purchase up to an additional
 $15,000,000 aggregate principal amount of its 2.875% Convertible Senior Notes due 2026 on the terms and conditions and for the purposes set forth in Section 2 (the &#8220;<u>Option Securities</u>&#8221; and, together with the Initial Securities, the &#8220;<u>Securities</u>&#8221;).

 The Securities will be convertible into cash and duly and validly issued, fully paid and non-assessable shares of the Company&#8217;s common stock, par value $0.02 per share (the &#8220;<u>Common Stock</u>&#8221;), or a combination thereof including any such shares
 issuable upon conversion in connection with a &#8220;make-whole fundamental change&#8221; (as defined in the Final Offering Memorandum) (such shares, the &#8220;<u>Conversion Shares</u>&#8221;), on the terms, and subject to the conditions, set forth in the Indenture.
 Capitalized terms used but not defined herein shall have the meanings set forth in the &#8220;Description of the Notes&#8221; section of the Final Offering Memorandum (as hereinafter defined).</p>
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 <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in">The Securities will be offered and sold to the Initial Purchaser pursuant to an exemption from the registration requirements of the Securities Act of 1933, as
 amended, and the rules and regulations of the Securities and Exchange Commission (the &#8220;<u>SEC</u>&#8221;) thereunder (collectively, the &#8220;<u>Securities Act</u>&#8221;). Upon original issuance thereof, and until such time as the same is no longer required under the
 applicable requirements of the Securities Act, the Securities shall bear the legends set forth in the final offering memorandum, dated the date hereof (the &#8220;<u>Final Offering</u></p>
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