CACHET FINANCIAL SOLUTIONS, INC. (OTCBB:CAFN) Files An 8-K Entry into a Material Definitive Agreement

CACHET FINANCIAL SOLUTIONS, INC. (OTCBB:CAFN) Files An 8-K Entry into a Material Definitive Agreement

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Item 1.01 Entry into a Material Definitive Agreement.

On December 5, 2016, Cachet Financial Solutions, Inc. (the
Company) entered into a securities purchase agreement (the SPA)
with Michael J. Hanson, a director of the Company (Mr. Hanson) to
which the Company agreed to issue to Mr. Hanson convertible
notes, due December 2017, in an aggregate principal amount of
$263,158 and warrants to purchase 42,674 shares of the Companys
common stock, subject to adjustments, in exchange for an
aggregate purchase price of $250,000, payable in cash. The notes
and the warrants are being issued in reliance on the exemption
from registration provided by Section 4(a)(2) of the Securities
Act of 1933, as amended, and Rule 506 of Regulation D thereunder.

The note will not bear any interest and is payable in full in
December 2017. Mr. Hanson may elect to convert the principal
amount of the note into shares of the Companys common stock at
any time before maturity date at a conversion price per share
equal to the lower of $7.00 and 80% of the per share price of the
Companys common stock in the Companys next underwritten public
offering. The Company will have the right to require Mr. Hanson
to convert the note into shares of the Companys common stock at
that conversion price if the Companys common stock is listed on
the Nasdaq Capital Market, the Nasdaq Global Market or the Nasdaq
Global Select Market. The warrants will have an exercise price
per share equal to the lower of $5.55 and 80% of the per share
price of the Companys common stock in the Companys next
underwritten public offering, subject to adjustments, and are
exercisable for a five-year period.

The Company is required to file with the Securities and Exchange
Commission (the SEC) a registration statement covering the resale
of the shares of the Companys common stock issuable under the
notes and the warrants within 21 days following the consummation
of the Companys next underwritten public offering or 90 days
following the date on which the Companys current financing plan
is terminated. If the Company fails to file a registration
statement in a timely manner it will be required to issue to Mr.
Hanson additional warrants to purchase shares of the Companys
common stock.

Item 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.

The information provided in Item 1.01 above is incorporated
herein by reference.

Item 3.02. Unregistered Sales of Equity
Securities.

The information provided in Item 1.01 above is incorporated
herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.1 Securities Purchase Agreement, dated October 21, 2016, by and
among the Company and the investors party thereto (as updated
to reflect the sale of additional securities) (includes a
form of convertible promissory note and a form of warrant to
purchase common stock)


About CACHET FINANCIAL SOLUTIONS, INC. (OTCBB:CAFN)

Cachet Financial Solutions, Inc. is a technology solutions and services provider to the financial services industry. The Company’s solutions and services enable its clients, such as banks, credit unions and alternative financial services providers (AFS) to offer their customers remote deposit capture (RDC) and prepaid mobile money technologies and related services. It offers RDC products for businesses and consumers; mobile money management products for consumers, and training and support services for its financial services industry customers. The RDC products are offered to banks and credit unions in the United States, Canada and Latin America. Its mobile money management products are offered to traditional financial institutions (FIs), as well as AFS in the United States, Canada and Latin America. These FIs and AFS providers include banks, credit unions, prepaid card issuers, check cashers and payday lenders.

CACHET FINANCIAL SOLUTIONS, INC. (OTCBB:CAFN) Recent Trading Information

CACHET FINANCIAL SOLUTIONS, INC. (OTCBB:CAFN) closed its last trading session 00.00 at 4.80 with 300 shares trading hands.

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