SEC Contract Filing

Filing Date: 2024-01-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex_616385.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<p style="margin: 0px 0pt; text-align: right; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.2</b></font></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>TALPHERA, INC.</b><br>
<br>
<b>SECURITIES PURCHASE AGREEMENT</b></p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;"><font style="font-variant:small-caps;"><b>This Securities Purchase Agreement</b></font> (this &#8220;<b><i>Agreement</i></b>&#8221;) is dated as of January 17, 2024, by and between <b>Talphera, Inc.</b>, a Delaware corporation (the &#8220;<b><i>Company</i></b>&#8221;), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a &#8220;<b><i>Purchaser</i></b>&#8221; and collectively the &#8220;<b><i>Purchasers</i></b>&#8221;).</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;"><font style="font-variant:small-caps;"><b>Whereas</b></font>, subject to the terms and conditions set forth in this Agreement and pursuant to Section 4(a)(2) of the Securities Act (as defined below), and/or Rule 506 of Regulation D promulgated thereunder, 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.</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;"><font style="font-variant:small-caps;"><b>Now, Therefore</b></font>, 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:</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin: 0pt 0pt 0pt 0pt;"><b>ARTICLE I</b><br>
<b>DEFINITIONS</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin: 0pt 0pt 0pt 0pt;text-indent:36pt;"><b>1.1</b><b>&nbsp;&nbsp;&nbsp;&nbsp;Definitions</b>. In addition to the terms defined elsewhere in this Agreement, for all purposes of this Agreement, the following terms have the meanings set forth in this Section 1.1:</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">&#8220;<b><i>Action</i></b>&#8221; shall have the meaning ascribed to such term in Section 3.1(j).</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">&#8220;<b><i>Affiliate</i></b>&#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.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">&#8220;<b><i>Applicable Closing</i></b>&#8221; means the First Closing and/or the Second Closing, as applicable.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">&#8220;<b><i>Applicable Closing Date</i></b>&#8221; means the First Closing Date and/or the Second Closing Date, as applicable.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">&#8220;<b><i>BSA/PATRIOT Act</i></b>&#8221; shall have the meaning ascribed to such term in Section 3.2(f).</p>

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