0users liked this postsusers disliked this posts0Reply Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities by minddoc7 • 37 minutes ago Flag 6-Nov-2015 Item 1.01 Entry into a Material Definitive Agreement. On November 5, 2015, Uni-Pixel, Inc. (the "Company") sold to Hudson Bay Master Fund Ltd. (the "Investor") a Senior Secured Convertible Note in the principal amount of $500,000 (the "Additional Note"), pursuant to the terms of the Securities Purchase Agreement, dated April 16, 2015 as previously filed with the Securities and Exchange Commission (the "SEC") as an exhibit to the Current Report on Form 8-K on April 17, 2015. The Additional Note accrues simple interest at the rate of 9% per year ("Interest"). The Additional Note together with all accrued and unpaid Interest are due and payable on April 16, 2016 (the "Maturity Date"). The Investor may, at any time, elect to convert the Additional Note into shares of our common stock at the conversion price, subject to certain beneficial ownership limitations. The conversion price is identical to those notes sold on April 16, 2015 as previously disclosed, which is $8.47 per share (the "Conversion Price"), subject to adjustment as set forth in the Additional Note for stock splits, dividends, recapitalizations and similar events, which equaled 110% of the last closing price of our common stock prior to the execution and delivery of the Securities Purchase Agreement. The Additional Note is subject to voluntary conversion, in whole or in part, into shares of our common stock at the option of the Investor. Provided there has been no Equity Conditions Failure, as defined in the Additional Note, we will pay the Installment Amount, as defined in the Additional Note, by converting all or some of the Installment Amount into common stock (a "Company Conversion"). However, we may also, at our option, pay the Installment Amount by redeeming the Installment Amount in cash (a "Company Redemption") or by any combination of a Company Conversion and a Company Redemption. Any Company Less Sentiment: Strong Buy