On March 25, 2020, iSign Solutions Inc. entered into a Note Purchase Agreement (the “Purchase Agreement”) with certain investors (each an Investor, and, collectively, the Investors). Under the terms of the Purchase Agreement, the Company received loans in the aggregate amount of $150,000 (the “Loans”) from the Investors in exchange for the Company’s issuance to each of the Investors of an unsecured convertible promissory note equal to the amount of such Investor’s loan contribution to the Company (each a Note, and, collectively, the Notes). The Loans consisted of $75,000 in cash and of $75,000 due under certain advances on accounts receivable received by the Company during the current quarter and exchanged into Notes under the Purchase Agreement. The Notes bear interest at the rate of 10% per annum, and have a maturity date of December 31, 2020. The Notes may be converted by their terms at the option of Investors into shares of the Company’s common stock. The Company may use any funds received from the Investors for working capital and general corporate purposes, in the ordinary course of business, and to pay fees and expenses in connection with the Company’s entry into the Purchase Agreement.