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MICT, Inc. – ‘10-Q’ for 3/31/18 – ‘EX-10.5’

On:  Tuesday, 5/15/18, at 9:26am ET   ·   For:  3/31/18   ·   Accession #:  1213900-18-6195   ·   File #:  1-35850

Previous ‘10-Q’:  ‘10-Q’ on 11/20/17 for 9/30/17   ·   Next:  ‘10-Q’ on 8/13/18 for 6/30/18   ·   Latest:  ‘10-Q’ on 11/20/23 for 9/30/23   ·   1 Reference:  By:  Tingo Group, Inc. – ‘10-K’ on 3/31/21 for 12/31/20

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

 5/15/18  MICT, Inc.                        10-Q        3/31/18   49:2.3M                                   Edgar Agents LLC/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    221K 
 2: EX-10.5     Termination of Seda, Dated May 8, 2018, Between     HTML     20K 
                Micronet Enertec Technologies, Inc. and Ya Ii Pn,                
                Ltd                                                              
 3: EX-10.6     Debenture Amendment Letter Agreement, Dated May 8,  HTML     22K 
                2018, by and Among Micronet Enertec Technologies,                
                Inc., Enertec Electronics Ltd. and Ya Ii Pn, Ltd                 
 4: EX-10.7     Warrant Amendment Agreement, Dated May 8, 2018,     HTML     22K 
                Between Micronet Enertec Technologies, Inc. and Ya               
                Ii Pn, Ltd                                                       
 5: EX-31.1     Certification -- §302 - SOA'02                      HTML     21K 
 6: EX-31.2     Certification -- §302 - SOA'02                      HTML     21K 
 7: EX-32.1     Certification -- §906 - SOA'02                      HTML     16K 
 8: EX-32.2     Certification -- §906 - SOA'02                      HTML     16K 
15: R1          Document and Entity Information                     HTML     36K 
16: R2          Condensed Consolidated Balance Sheets               HTML    110K 
17: R3          Condensed Consolidated Balance Sheets               HTML     34K 
                (Parenthetical)                                                  
18: R4          Condensed Consolidated Statements of Income         HTML     73K 
                (Unaudited)                                                      
19: R5          Condensed Consolidated Statements of Comprehensive  HTML     33K 
                Income (Unaudited)                                               
20: R6          Condensed Consolidated Statements of Cash Flows     HTML    100K 
                (Unaudited)                                                      
21: R7          Description of Business                             HTML     34K 
22: R8          Summary of Significant Accounting Policies          HTML     84K 
23: R9          Fair Value Measurements                             HTML     33K 
24: R10         Inventories                                         HTML     23K 
25: R11         Segments                                            HTML     26K 
26: R12         Loans from Others                                   HTML     25K 
27: R13         Discontinued Operation                              HTML     51K 
28: R14         Subsequent Events                                   HTML     23K 
29: R15         Summary of Significant Accounting Policies          HTML    131K 
                (Policies)                                                       
30: R16         Summary of Significant Accounting Policies          HTML     19K 
                (Tables)                                                         
31: R17         Fair Value Measurements (Tables)                    HTML     30K 
32: R18         Inventories (Tables)                                HTML     23K 
33: R19         Segments (Tables)                                   HTML     21K 
34: R20         Discontinued Operation (Tables)                     HTML     50K 
35: R21         Description of Business (Details)                   HTML     42K 
36: R22         Summary of Significant Accounting Policies          HTML     29K 
                (Details)                                                        
37: R23         Summary of Significant Accounting Policies          HTML     18K 
                (Details Textual)                                                
38: R24         Fair Value Measurements (Details)                   HTML     47K 
39: R25         Inventories (Details)                               HTML     23K 
40: R26         Segments (Details)                                  HTML     24K 
41: R27         Loans from Others (Details)                         HTML     32K 
42: R28         Discontinued Operation (Details)                    HTML     69K 
43: R29         Discontinued Operation (Details 1)                  HTML     47K 
44: R30         Discontinued Operation (Details 2)                  HTML     32K 
45: R31         Discontinued Operation (Details Textual)            HTML     29K 
46: R32         Subsequent Events (Details)                         HTML     19K 
48: XML         IDEA XML File -- Filing Summary                      XML     76K 
47: EXCEL       IDEA Workbook of Financial Reports                  XLSX     39K 
 9: EX-101.INS  XBRL Instance -- mict-20180331                       XML    543K 
11: EX-101.CAL  XBRL Calculations -- mict-20180331_cal               XML    135K 
12: EX-101.DEF  XBRL Definitions -- mict-20180331_def                XML    123K 
13: EX-101.LAB  XBRL Labels -- mict-20180331_lab                     XML    654K 
14: EX-101.PRE  XBRL Presentations -- mict-20180331_pre              XML    399K 
10: EX-101.SCH  XBRL Schema -- mict-20180331                         XSD     85K 
49: ZIP         XBRL Zipped Folder -- 0001213900-18-006195-xbrl      Zip     70K 


‘EX-10.5’   —   Termination of Seda, Dated May 8, 2018, Between Micronet Enertec Technologies, Inc. and Ya Ii Pn, Ltd


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



Exhibit 10.5

 

TERMINATION OF THE

 

STANDBY EQUITY DISTRIBUTION AGREEMENT

 

This consent (dated as of May 8, 2018 is to certify the mutual agreement made by and between YA II PN, LTD., (the “Investor”), and MICRONET ENERTEC TECHNOLOGIES, INC., (the “Company”) to terminate THE STANDBY EQUITY DISTRIBUTION AGREEMENT executed between the parties dated as of August 22, 2017, as modified by the letter agreement dated November 17, 2017 (collectively, the “SEDA”).

 

Whereas:

 

A.On March 29, 2018 the parties entered into a securities purchase agreement pursuant to which, among other things, the Investor provided the Company with an additional $1,800,000 of financing.

 

B.The parties intended that this additional financing would be in replacement of the commitment made available under the SEDA, and was not intended to co-exist with the SEDA.

 

C.As a result, the Parties mutually agree to the termination of the SEDA;

 

Now therefore it is agreed as follows:

 

Pursuant to Section 11.02(b) of the SEDA, the Parties hereby terminate the SEDA effective upon the date of execution of this Agreement.

 

The parties hereby agree that the obligations of the Company to pay $200,000 of the Commitment Fee (as defined in the SEDA) pursuant to Section 13.05(ii) and to pay all of the $600,000 Contingent Commitment Fee (as defined in the SEDA) pursuant to Section 13.05(iii) shall be terminated.

 

  COMPANY:
  Micronet Enertec Technologies, Inc.
   
  By: /s/ David Lucatz
  Name: David Lucatz
  Title: Chief Executive Officer
   
  INVESTOR:
  YA II PN, Ltd.
   
  By: Yorkville Advisors Global, LP
  Its: Investment Manager
     
  By: Yorkville Advisors Global II, LLC
  Its: General Partner
     
  By: /s/ Matt Beckman
  Name: Matt Beckman
  Title:  

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:5/15/188-K
5/8/188-K
For Period end:3/31/18
3/29/188-K
11/17/17
8/22/178-K
 List all Filings 


1 Subsequent Filing that References this Filing

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

 3/31/21  Tingo Group, Inc.                 10-K       12/31/20   99:50M                                    EdgarAgents LLC/FA
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Filing Submission 0001213900-18-006195   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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