This template Securities Purchase Agreement may be used in connection with the sale of securities in a PIPE transaction. This agreement, to which the company issuing the securities and the purchasers are a party, assumes the issuance of common stock and warrants to purchase common stock of the issuer. This template includes practical guidance, drafting notes, alternate clauses, and optional clauses. This agreement contains standard purchaser representations, including private placement representations and a fulsome set of representations by the issuer covering its ability to enter into the PIPE transactions, the availability of an exemption from registration, a Rule 10b-5 representation on the issuer’s public filings and any other information provided to the purchasers, and various other representations covering the issuer’s business. This agreement assumes that the issuer’s common stock is listed on the NASDAQ Global Market. For a full listing of related private equity and financial reporting content, see Private Equity Transactions Resource Kit and Financial Statements and Reporting Resource Kit. For a discussion of PIPE transactions, see PIPE Transactions. For additional documents used in PIPE transactions, see Legal Opinion (PIPE Offering) (Issuer's Counsel), Registration Rights Agreement (PIPE Offering), Secretary’s Certificate (PIPE Offering), and Common Stock Warrant (PIPE Offering).