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FMC GlobalSat Holdings, Inc. – ‘10-K’ for 12/31/18 – ‘EX-10.13’

On:  Monday, 9/9/19, at 6:04am ET   ·   For:  12/31/18   ·   Accession #:  1213900-19-17440   ·   File #:  333-224906

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

 9/09/19  FMC GlobalSat Holdings, Inc.      10-K       12/31/18   57:3.3M                                   Edgar Agents LLC/FA

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

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    470K 
 2: EX-9.1      Employment Agreement, Dated September 5, 2019,      HTML     79K 
                Between of Fmc Globalsat Holdings, Inc. and                      
                Emmanuel Cotrel.                                                 
 3: EX-10.12    Form of Securities Purchase Agreement               HTML    209K 
 4: EX-10.13    Form of First Amendment to Securities Purchase      HTML     28K 
                Agreement                                                        
 5: EX-10.14    Form of Office Lease Agreement Dated as of January  HTML     96K 
                8 2018 Between Farrell Marine Holdings, Jj Center,               
                LLC and Fmc Globalsat, Inc.                                      
 6: EX-31.1     Certification -- §302 - SOA'02                      HTML     22K 
 7: EX-31.2     Certification -- §302 - SOA'02                      HTML     22K 
 8: EX-32.1     Certification -- §906 - SOA'02                      HTML     18K 
 9: EX-32.2     Certification -- §906 - SOA'02                      HTML     17K 
18: R1          Document and Entity Information                     HTML     59K 
43: R2          Consolidated Balance Sheets                         HTML     77K 
49: R3          Consolidated Balance Sheets (Parenthetical)         HTML     27K 
34: R4          Consolidated Statements of Operations               HTML     60K 
19: R5          Consolidated Statement of Changes in Stockholders'  HTML     65K 
                Equity                                                           
44: R6          Consolidated Statement of Changes in Stockholders'  HTML     20K 
                Equity (Parenthetical)                                           
50: R7          Consolidated Statements of Cash Flows               HTML     89K 
36: R8          Business Organization, Nature of Operations         HTML     23K 
16: R9          Going Concern and Management's Plans                HTML     24K 
24: R10         Summary of Significant Accounting Policies          HTML     64K 
30: R11         Property and Equipment, net                         HTML     29K 
57: R12         Related Party Activity                              HTML     27K 
41: R13         Commitments and Contingencies                       HTML     23K 
23: R14         Stockholders' Equity                                HTML     63K 
29: R15         Income Taxes                                        HTML     33K 
56: R16         Subsequent Events                                   HTML     26K 
40: R17         Summary of Significant Accounting Policies          HTML    116K 
                (Policies)                                                       
25: R18         Summary of Significant Accounting Policies          HTML     26K 
                (Tables)                                                         
28: R19         Property and Equipment, net (Tables)                HTML     28K 
51: R20         Stockholders' Equity (Tables)                       HTML     49K 
45: R21         Income Taxes (Tables)                               HTML     35K 
20: R22         Business Organization, Nature of Operations         HTML     19K 
                (Details)                                                        
35: R23         Going Concern and Management's Plans (Details)      HTML     27K 
48: R24         Summary of Significant Accounting Policies          HTML     25K 
                (Details)                                                        
42: R25         Summary of Significant Accounting Policies          HTML     23K 
                (Details 1)                                                      
17: R26         Summary of Significant Accounting Policies          HTML     28K 
                (Details Textual)                                                
33: R27         Property and Equipment, net (Details)               HTML     35K 
47: R28         Property and Equipment, net (Details Textual)       HTML     19K 
46: R29         Related Party Activity (Details)                    HTML     56K 
38: R30         Commitments and Contingencies (Details)             HTML     19K 
53: R31         Stockholders' Equity (Details)                      HTML     58K 
31: R32         Stockholders' Equity (Details 1)                    HTML     50K 
26: R33         Stockholders' Equity (Details 2)                    HTML     27K 
39: R34         Stockholders' Equity (Details Textual)              HTML     96K 
54: R35         Income Taxes (Details)                              HTML     27K 
32: R36         Income Taxes (Details 1)                            HTML     38K 
27: R37         Income Taxes (Details 2)                            HTML     36K 
37: R38         Income Taxes (Details Textual)                      HTML     18K 
55: R39         Subsequent Events (Details)                         HTML     38K 
21: XML         IDEA XML File -- Filing Summary                      XML     91K 
52: EXCEL       IDEA Workbook of Financial Reports                  XLSX     58K 
10: EX-101.INS  XBRL Instance -- fgh-20181231                        XML    624K 
12: EX-101.CAL  XBRL Calculations -- fgh-20181231_cal                XML    107K 
13: EX-101.DEF  XBRL Definitions -- fgh-20181231_def                 XML    244K 
14: EX-101.LAB  XBRL Labels -- fgh-20181231_lab                      XML    601K 
15: EX-101.PRE  XBRL Presentations -- fgh-20181231_pre               XML    438K 
11: EX-101.SCH  XBRL Schema -- fgh-20181231                          XSD    110K 
22: ZIP         XBRL Zipped Folder -- 0001213900-19-017440-xbrl      Zip     82K 


‘EX-10.13’   —   Form of First Amendment to Securities Purchase Agreement


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



Exhibit 10.13

 

FIRST AMENDMENT TO SECURITIES PURCHASE AGREEMENT

 

This First Amendment (this “Amendment”), dated as of December [__], 2018, to the Securities Purchase Agreement originally entered into on November 14, 2018, (the “Agreement”), is entered into by and among FMC GlobalSat Holdings, Inc. (the “Company”) and the Majority in Interest. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Agreement.

 

RECITALS:

 

A. Whereas, pursuant to the terms of the Agreement, the Company and sold and issued Units of the Company’s securities (the “Units”) with such Units consisting of one share of common stock, $0.0001 par value per share (the “Common Stock”) and one warrant to purchase one half share of Common Stock to the Purchasers, as more fully described in the Agreement;

 

B. Whereas, Section 2.1 of the Agreement provides that no Closing Date shall after the Termination Date, which is defined as November 15, 2018, subject to extension;

 

C. Whereas, the Company and Purchasers representing a Majority in Interest desire to amend the definition of Termination Date in order to extend the period of the Offering.

 

AGREEMENTS

 

NOW, THEREFORE, in consideration of the covenants and mutual promises contained herein and other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged and intending to be legally bound hereby, the parties agree as follows:

 

1. Section 2.1 of the Agreement is hereby amended and restated in its entirety to read as follows:

 

Closing.  On one or more Closing Dates, upon the terms and subject to the conditions set forth herein, provided the Minimum Amount has been subscribed for, the Company agrees to sell, and each of the Purchasers, severally and not jointly, agrees to purchase units of the Company’s securities (the “Units”) for an aggregate purchase price of a minimum (the “Minimum Amount”) of Six Hundred Thousand Dollars ($600,000) and up to a maximum (the “Maximum Amount”) of One Million Five Hundred Thousand Dollars ($1,500,000), with each Unit consisting of one share of Common Stock and a Warrant to purchase one half (1/2) share of Common Stock (each such purchase and sale being the “Closing”), at the Unit Purchase Price. Each Subscriber must purchase a minimum of 25,000 Units (or, $50,000). The Company’s officers and directors (and/or their Affiliates) may participate in the Offering in an aggregate amount of up to Four Hundred Thousand Dollars ($400,000) which such amount shall be applied towards the Minimum Amount and Maximum Amount. Prior to the Closing, each Purchaser shall deliver to the Escrow Agent, inter alia, such Purchaser’s Subscription Amount as set forth on the signature page hereto executed by such Purchaser by a wire transfer of immediately available funds, and the Company shall, on the Closing Date, cause the Company to deliver to each Purchaser, inter alia, a certificate representing the number of Shares and Warrants purchased by each such Purchaser at the Closing as determined pursuant to Section 2.2(a). The Company and each Purchaser shall also deliver the other items set forth in Section 2.2 deliverable at the Closing. Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, the Closings shall occur at the offices of Company Counsel or such other location as the parties shall mutually agree. Notwithstanding anything herein to the contrary, each Closing Date shall occur on or before December 31, 2018, which may be extended at the discretion of the Company’s Board of Directors for up to an additional thirty (30) days (such outside date, “Termination Date”). If any Closing is not held on or before the Termination Date, (i) all subscription documents executed by the Company or a Purchaser shall be returned to the Company or such Purchaser, as applicable, and (ii) each Subscription Amount shall be returned, without interest or deduction to the Purchaser who delivered such Subscription Amount.”

 

 C: 
  

 

 

2. Section 5.1 of the Agreement is hereby amended and restated in its entirety to read as follows:

 

“Termination.  This Agreement may be terminated by any Purchaser, as to such Purchaser’s obligations hereunder only and without any effect whatsoever on the obligations between the Company and the other Purchasers, by written notice given at any time to the Company, prior to the occurrence of a Closing with respect to such Purchaser’s Subscription Agreement. In the event of any termination by a Purchaser under this Section 5.1, the Company shall promptly (and in any event within two (2) Business Days of such termination) refund all of such Purchaser’s subscription amount. No Closing hereunder may take place after December 31, 2018, subject to a thirty (30) day extension upon the sole discretion of the Board of Directors.”

 

3. Except as modified herein, the terms of the Agreement and Transaction Documents shall remain in full force and effect.

 

4. This Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and shall be binding upon all parties, their successors and assigns, and all of which taken together shall constitute one and the same Amendment. A signature delivered by facsimile shall constitute an original.

 

5. This Amendment shall be governed pursuant to Section 5.9 of the Agreement.

 

[Signature Page Follows]

 

 C: 
  

 

 

[SIGNATURE PAGE TO AMENDMENT TO SECURITIES PURCHASE AGREEMENT]

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date set forth above.

 

  THE COMPANY
     
  FMC GLOBALSAT HOLDINGS, INC.
     
  By:  
  Name: Emmanuel Cotrel
  Title: Chief Executive Officer
     
  PURCHASERS
   
  By:  
  Name:  
  Title:  
     
  By:  
  Name:  
  Title:  

 

 

 

 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:9/9/19
For Period end:12/31/18NT 10-K
11/15/18NT 10-Q
11/14/188-K
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Filing Submission 0001213900-19-017440   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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