Michigan Sample Note Purchase Agreement between Access Corp. and Ocean her Grin ten, N.V. is a legally binding document that outlines the terms and conditions of a note purchase transaction between two entities. This agreement governs the purchase and sale of promissory notes in the state of Michigan. The keywords relevant to this agreement include "Michigan," "Sample Note Purchase Agreement," "Access Corp.," and "Ocean her Grin ten, N.V." These keywords are essential to accurately describe the agreement and its parties involved. 1. Types of Michigan Sample Note Purchase Agreement: a) Michigan Sample Note Purchase Agreement — Private Placement: This type of agreement is specifically designed for private placements, where the notes are exclusively offered to a select group of investors. It contains provisions specific to private placement regulations and requirements. b) Michigan Sample Note Purchase Agreement — Secured: In a secured note purchase agreement, the notes are backed by collateral, such as real estate or other assets. This type of agreement provides additional protection to the buyer, ensuring their investment is secured by valuable assets in case of default. c) Michigan Sample Note Purchase Agreement — Unsecured: Unlike a secured agreement, an unsecured note purchase agreement does not require collateral. The buyer relies solely on the creditworthiness of the issuer, making it a riskier investment. This type of agreement may include provisions for personal guarantees or other forms of assurance. d) Michigan Sample Note Purchase Agreement — Convertible: A convertible note purchase agreement allows the notes to be converted into equity or stock of the issuing company at a later date. This type of agreement is often utilized by startups or companies in the early stages of funding, offering potential upside for the buyer in the form of ownership. e) Michigan Sample Note Purchase Agreement — Restructuring: A restructuring note purchase agreement is used in situations where the issuing party is undergoing financial distress or bankruptcy. This agreement outlines the terms of note restructuring, including modifications to interest rates, payment schedules, and other relevant terms to accommodate the issuer's financial situation. These various types of Michigan Sample Note Purchase Agreements highlight the flexibility and customization that can be applied to this legal document depending on the specific transaction and parties involved. It is important to consult legal professionals to draft an agreement that reflects the specific needs and circumstances of the note purchase.