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AIT Therapeutics, Inc. – ‘8-K/A’ for 3/15/17 – ‘EX-10.1’

On:  Wednesday, 3/15/17, at 2:24pm ET   ·   For:  3/15/17   ·   Accession #:  1178913-17-777   ·   File #:  0-55759

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/15/17  AIT Therapeutics, Inc.            8-K/A:9     3/15/17   26:3.8M                                   Z-K Global Ltd/FA

Amendment to Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K/A       Amendment to Current Report                         HTML     30K 
 2: EX-2.1      Plan of Acquisition, Reorganization, Arrangement,   HTML    160K 
                          Liquidation or Succession -- exhibit_2-1               
 3: EX-2.2      Plan of Acquisition, Reorganization, Arrangement,   HTML     23K 
                          Liquidation or Succession -- exhibit_2-2               
 4: EX-2.3      Plan of Acquisition, Reorganization, Arrangement,   HTML      9K 
                          Liquidation or Succession -- exhibit_2-3               
 5: EX-3.1      Articles of Incorporation/Organization or By-Laws   HTML     37K 
                          -- exhibit_3-1                                         
 6: EX-3.2      Articles of Incorporation/Organization or By-Laws   HTML    147K 
                          -- exhibit_3-2                                         
 7: EX-4.1      Instrument Defining the Rights of Security Holders  HTML     18K 
                          -- exhibit_4-1                                         
 8: EX-10.1     Material Contract -- exhibit_10-1                   HTML     34K 
17: EX-10.10    Material Contract -- exhibit_10-10                  HTML     77K 
18: EX-10.11    Material Contract -- exhibit_10-11                  HTML     70K 
19: EX-10.12    Material Contract -- exhibit_10-12                  HTML    116K 
20: EX-10.13    Material Contract -- exhibit_10-13                  HTML    118K 
21: EX-10.14    Material Contract -- exhibit_10-14                  HTML     14K 
22: EX-10.15    Material Contract -- exhibit_10-15                  HTML     32K 
 9: EX-10.2     Material Contract -- exhibit_10-2                   HTML    286K 
10: EX-10.3     Material Contract -- exhibit_10-3                   HTML    127K 
11: EX-10.4     Material Contract -- exhibit_10-4                   HTML    105K 
12: EX-10.5     Material Contract -- exhibit_10-5                   HTML     28K 
13: EX-10.6     Material Contract -- exhibit_10-6                   HTML     75K 
14: EX-10.7     Material Contract -- exhibit_10-7                   HTML     19K 
15: EX-10.8     Material Contract -- exhibit_10-8                   HTML     16K 
16: EX-10.9     Material Contract -- exhibit_10-9                   HTML     53K 
23: EX-21.1     Subsidiaries -- exhibit_21-1                        HTML     10K 
24: EX-99.1     Miscellaneous Exhibit -- exhibit_99-1               HTML    241K 
25: EX-99.2     Miscellaneous Exhibit -- exhibit_99-2               HTML    346K 
26: EX-99.3     Miscellaneous Exhibit -- exhibit_99-3               HTML     88K 


EX-10.1   —   Material Contract — exhibit_10-1


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C: 

 
Exhibit 10.1

AMENDED AND RESTATED
AGREEMENT FOR THE TRANSFER AND ASSUMPTION OF OBLIGATIONS
UNDER THE SECURITIES PURCHASE AND REGISTRATION RIGHTS AGREEMENTS
 
THIS AMENDED AND RESTATED AGREEMENT FOR THE TRANSFER AND ASSUMPTION OF OBLIGATIONS UNDER THE SECURITIES PURCHASE AND REGISTRATION RIGHTS AGREEMENTS (“Agreement”) is made and entered into as of January 12, 2017  (the “Execution Date”), by and among: AIT THERAPEUTICS, INC., a Delaware corporation (“Parent”); and ADVANCED INHALATION THERAPIES (AIT) Ltd., an Israeli corporation (the “Company”).
 
Recitals
 
A.          The parties hereto are parties an Agreement for the Transfer and Assumption of Obligations Under the Securities and Purchase and Registration Rights Agreements dated January 9, 2017 at 2:30 pm Eastern Standard Time (the “Prior Agreement”).  This Agreement amends and restates the Prior Agreement in all respects and replaces it in full.
 
B.          The Company is a party to that certain Securities Purchase and Registration Rights Agreement dated December 29, 2016, as amended (the “SPA”), with a number of investors (the “Investors”) investing approximately $10 Million (the “Financing”) in connection with the closing of a merger transaction set forth in that certain Agreement and Plan of Merger and Reorganization entered into by and between Parent, Company, and Red Maple Ltd., an Israeli corporation dated December 29, 2016, as amended by that certain Amendment No. 1 between Parent and Company dated January 12, 2017, under which the Company will become a wholly-owned subsidiary of Parent (the “Merger Agreement”).
 
C.          Under the terms of the SPAs, the Investors are acquiring Ordinary Shares and warrants to purchase Ordinary Shares of the Company immediately prior to the Effective Time under the Merger Agreement, which Ordinary Shares and warrants will be exchanged for shares of common stock of Parent (the “Parent Common Shares”) and warrants to purchase shares of common stock of Parent (the “Parent Warrants”), respectively.
 
D.          Under the SPA, one of the conditions to the consummation by the Investors of the Financing (the “Financing Closing”) is that Parent has assumed all the Company’s post-closing obligations under the SPA and the warrants issued thereunder (the “Company Warrants”).
 
E.          The Company has determined that it is advisable and in the best interest of its shareholders to assign all its rights and transfer all its obligations under the SPA to Parent; and Parent has determined that it is advisable and in the best interests of its shareholders to accept such assignment and transfer.
 
AGREEMENT
 
NOW, THEREFORE, in consideration of the mutual consents and undertakings contained herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:

 
1.
Assignment and Assumption. Subject to the condition precedent in Section 2 herein, the Company does hereby assign, transfer and convey to Parent, and Parent does hereby accept and assume, all of the Company’s rights and obligations, whether accrued as of the date hereof or hereafter arising, under the SPA.
 


 
 
2.
Condition Precedent. This Agreement shall become effective immediately upon the Effective Time of the Merger Agreement (which shall occur immediately following the Financing Closing), as  set forth on the Merger Agreement (the “Effective Date”).

 
 
3.
Representation and Warranty of Parent.  Parent represents and warrants, as of the Effective Date, as follows:
 
a.
Parent has full power and authority, and has obtained all necessary consents and approvals to enter into this Agreement and to exercise its rights and perform its obligations hereunder, and all corporate and other actions required to authorize its execution of this Agreement and the performance of its obligations hereunder have been duly taken.
 
b.
The Merger Agreement, as amended, and the Amendment No. 1 to the Merger Agreement are in full force and effect and enforceable against Parent.
 
c.
When issued, the Parent Common Shares and the Parent Warrants issued to the Investors upon submission of their Ordinary Shares of the Company and Company Warrants by the Company, and the Parent Common Shares issued to the Investors upon exercise of the Parent Warrants, will be duly authorized and validly issued, and (other than in the case of the Parent Warrants) fully paid and non-assessable.

 
d.
When issued, the Parent Warrants will be duly executed and delivered by, and will binding on, and enforceable against, Parent.
 
4.
Representations and Warranty of the CompanyThe Company represents and warrants, as of the Effective Date, as follows:
 
a.
The Company has full power and authority, and has obtained all necessary consents and approvals to enter into this Agreement and to exercise its rights and perform its obligations hereunder, and all corporate and other actions required to authorize its execution of this Agreement and the performance of its obligations hereunder have been duly taken.
 
b.
The Merger Agreement, as amended, and the Amendment No. 1 to the Merger Agreement are in full force and effect and enforceable against the Company.
 
c.
When issued, the Ordinary Shares of the Company and Company Warrants issued by the Company to the Investors will be duly authorized, validly issued, fully paid and non-assessable.
 
d.
 When issued, the Company Warrants issued by the Company will be duly executed and delivered and will binding on, and enforceable against Company.
 
5.
Obligations of the Company. Other than as specifically provided herein, the provisions of this Agreement shall not be construed, interpreted or applied as releasing or restricting the obligations of the Company under the SPAs.


 
6.
Miscellaneous.
 
a.
Parent shall do, execute and perform and to procure to be done, executed and performed all such further acts, deeds, documents and things as the Investors under the SPA may require from time to time to effectively assign, transfer and convey all of the Company’s rights and obligations, whether accrued as of the date hereof or hereafter arising, under the SPA and the Warrants, and otherwise to give to the Investors the full benefit of this Agreement, the SPA and the Warrants.
 
b.
This Agreement shall be governed by and construed under the laws of the State of New York, without regard to principles of conflicts of law thereunder.
 
c.
If any provision or part of a provision of this Agreement or its application to any party hereto shall be, or be found by any authority of competent jurisdiction to be, invalid or unenforceable, such invalidity or unenforceability shall not affect the other provisions or parts of such provisions of this Agreement, all of which shall remain in full force and effect.
 
d.
This Agreement may be executed in one or more counterparts, and by the different parties in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same instrument.
 
e.
This Agreement may not be amended, modified or supplemented, except in a writing signed by each of the parties hereto.
 
f.
This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.  The Investors are intended third party beneficiaries of this Agreement, entitled to the enforce this Agreement as if parties hereto.

g.
This Agreement and any agreement, document or instrument attached hereto or referred to herein among the parties hereto integrate all the terms and conditions mentioned herein or incidental hereto and supersede all oral negotiations and prior writings in respect of the subject matter hereof. In the event of any conflict between the terms, conditions and provisions of this Agreement and any such agreement, document
 
[Remainder of page intentionally left blank]
 

IN WITNESS WHEREOF, the parties have caused this Amended and Restated Agreement for the Transfer and Assumption of Obligations Under the Securities and Purchase and Registration Rights Agreements to be executed as of the Execution Date.
 
 
Ait Therapeutics, Inc.
 
By:      ______________________________              
Name: Jason Lane
Title:    Chief Executive Officer


Advanced Inhalation Therapies (AIT) Ltd.
 
By:      ______________________________
Name:  Amir Avniel
Title:    Chief Executive Officer


 

 

 

Dates Referenced Herein

This ‘8-K/A’ Filing    Date    Other Filings
Filed on / For Period End:3/15/17None on these Dates
1/12/17
1/9/17
12/29/16
 List all Filings 


19 Subsequent Filings that Reference this Filing

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 2/12/24  Beyond Air, Inc.                  10-Q       12/31/23   63:6.5M                                   M2 Compliance LLC/FA
12/20/23  Beyond Air, Inc.                  S-8        12/20/23    7:365K                                   M2 Compliance LLC/FA
11/13/23  Beyond Air, Inc.                  10-Q        9/30/23   63:6.2M                                   M2 Compliance LLC/FA
 8/11/23  Beyond Air, Inc.                  S-3                    5:390K                                   M2 Compliance LLC/FA
 8/10/23  Beyond Air, Inc.                  10-Q        6/30/23   65:6.6M                                   M2 Compliance LLC/FA
 6/22/23  Beyond Air, Inc.                  10-K        3/31/23   90:9.4M                                   M2 Compliance LLC/FA
 2/17/23  Beyond Air, Inc.                  S-8         2/17/23    5:254K                                   M2 Compliance LLC/FA
 2/10/23  Beyond Air, Inc.                  10-Q       12/31/22   64:6.1M                                   M2 Compliance LLC/FA
11/08/22  Beyond Air, Inc.                  10-Q        9/30/22   63:5.1M                                   M2 Compliance LLC/FA
 8/11/22  Beyond Air, Inc.                  10-Q        6/30/22   76:5.1M                                   M2 Compliance LLC/FA
 6/29/22  Beyond Air, Inc.                  10-K        3/31/22   87:7.4M                                   M2 Compliance LLC/FA
 2/10/22  Beyond Air, Inc.                  10-Q       12/31/21   79:5.4M                                   M2 Compliance LLC/FA
 1/24/22  Beyond Air, Inc.                  S-3                    4:777K                                   M2 Compliance LLC/FA
11/12/21  Beyond Air, Inc.                  10-Q        9/30/21   74:5.6M                                   M2 Compliance LLC/FA
 8/10/21  Beyond Air, Inc.                  10-Q        6/30/21   74:5M                                     M2 Compliance LLC/FA
 7/23/21  Beyond Air, Inc.                  10-K/A      3/31/21    6:381K                                   M2 Compliance LLC/FA
 6/30/21  Beyond Air, Inc.                  S-8         6/30/21    3:150K                                   M2 Compliance LLC/FA
 6/10/21  Beyond Air, Inc.                  10-K        3/31/21   82:5.8M                                   M2 Compliance LLC/FA
 2/09/21  Beyond Air, Inc.                  10-Q       12/31/20   72:4.3M                                   M2 Compliance LLC/FA
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Filing Submission 0001178913-17-000777   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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