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SOBR Safe, Inc. – ‘10-Q’ for 6/30/17 – ‘EX-10.8’

On:  Monday, 8/21/17, at 3:51pm ET   ·   For:  6/30/17   ·   Accession #:  1477932-17-4113   ·   File #:  0-53316

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

 8/21/17  SOBR Safe, Inc.                   10-Q        6/30/17   51:4.5M                                   Discount Edgar/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    464K 
 2: EX-10.7     Form of Series A Preferred Stock Purchase           HTML     51K 
                Agreement                                                        
 3: EX-10.8     Form of Amendment No. 1 to Series A Preferred       HTML     24K 
                Stock Purchase Agreement                                         
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     22K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     21K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     17K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     17K 
14: R1          Document and Entity Information                     HTML     41K 
15: R2          Condensed Consolidated Balance Sheets               HTML     86K 
16: R3          Condensed Consolidated Balance Sheets               HTML     38K 
                (Parenthetical)                                                  
17: R4          Condensed Consolidated Statements of Operations     HTML     58K 
                (Unaudited)                                                      
18: R5          Condensed Consolidated Statements of Cash Flows     HTML     79K 
                (Unaudited)                                                      
19: R6          Note 1. Organization, Operations and Summary of     HTML     54K 
                Significant Accounting Policies                                  
20: R7          Note 2. Going Concern                               HTML     20K 
21: R8          Note 3. Related Party Transactions                  HTML     24K 
22: R9          Note 4. Notes Payable                               HTML    134K 
23: R10         Note 5. Derivative Liability                        HTML     43K 
24: R11         Note 6. Income Taxes                                HTML     20K 
25: R12         Note 7. Stock Options and Subscriptions Payable     HTML    198K 
26: R13         Note 8. Common Stock                                HTML     26K 
27: R14         Note 9. Commitments and Contingencies               HTML     33K 
28: R15         Note 1. Organization, Operations and Summary of     HTML     80K 
                Significant Accounting Policies (Policies)                       
29: R16         Note 1. Organization, Operations and Summary of     HTML     33K 
                Significant Accounting Policies (Tables)                         
30: R17         Note 4. Notes Payable (Tables)                      HTML    134K 
31: R18         Note 6. Derivative Liability (Tables)               HTML     31K 
32: R19         Note 7. Stock Options and Subscriptions Payable     HTML    180K 
                (Tables)                                                         
33: R20         Note 9. Commitments and Contingencies (Tables)      HTML     31K 
34: R21         Note 1. Organization, Operations and Summary of     HTML     26K 
                Significant Accounting Policies (Details)                        
35: R22         Note 1. Organization, Operations and Summary of     HTML     24K 
                Significant Accounting Policies (Details                         
                Narrative)                                                       
36: R23         Note 2. Going Concern (Details Narrative)           HTML     19K 
37: R24         Note 3. Related Party Transactions (Details         HTML     44K 
                Narrative)                                                       
38: R25         Note 4. Notes Payable (Details)                     HTML    103K 
39: R26         Note 4. Notes Payable (Details 1)                   HTML     32K 
40: R27         Note 4. Notes Payable (Details Narrative)           HTML    165K 
41: R28         Note 5. Derivative Liability (Details )             HTML     30K 
42: R29         Note 5. Derivative Liability (Details Narrative)    HTML     58K 
43: R30         Note 7. Stock Options and Subscriptions Payable     HTML     46K 
                (Details)                                                        
44: R31         Note 7. Stock Options and Subscriptions Payable     HTML    252K 
                (Details 1)                                                      
45: R32         Note 7. Stock Options and Subscriptions Payable     HTML     90K 
                (Details Narrative)                                              
46: R33         Note 8. Common Stock (Details Narrative)            HTML     34K 
47: R34         Note 9. Commitments and Contingencies (Details)     HTML     34K 
48: R35         Note 9. Commitments and Contingencies (Details      HTML     20K 
                Narrative)                                                       
50: XML         IDEA XML File -- Filing Summary                      XML     83K 
49: EXCEL       IDEA Workbook of Financial Reports                  XLSX     55K 
 8: EX-101.INS  XBRL Instance -- imle-20170630                       XML   2.06M 
10: EX-101.CAL  XBRL Calculations -- imle-20170630_cal               XML     95K 
11: EX-101.DEF  XBRL Definitions -- imle-20170630_def                XML    429K 
12: EX-101.LAB  XBRL Labels -- imle-20170630_lab                     XML    734K 
13: EX-101.PRE  XBRL Presentations -- imle-20170630_pre              XML    560K 
 9: EX-101.SCH  XBRL Schema -- imle-20170630                         XSD    187K 
51: ZIP         XBRL Zipped Folder -- 0001477932-17-004113-xbrl      Zip     95K 


‘EX-10.8’   —   Form of Amendment No. 1 to Series A Preferred Stock Purchase Agreement


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



EXHIBIT 10.8

 

AMENDMENT NO. 1

TO

DEBT CONVERSION AND SERIES A PREFERRED STOCK

PURCHASE AGREEMENT

 

This Amendment No. 1 to Debt Conversion and Series A Preferred Stock Purchase Agreement (this “Amendment”) is made and entered into as of February 13, 2017, by and between TransBiotec, Inc., a Delaware corporation (the “Company”), and [___________], an individual (the “Purchaser”). Capitalized terms used but not otherwise defined herein shall have the meanings given to such terms in the Stock Purchase Agreement (as defined below).

 

Recitals

 

WHEREAS, Company and Purchaser are parties to that certain Debt Conversion and Series A Preferred Stock Purchase Agreement dated November 30, 2015 (the “Stock Purchase Agreement”), relating to Purchaser’s acquisition of shares of the Company’s Series A Preferred Stock in exchange for forgiveness of certain debt Company owes Purchaser as set forth in the Stock Purchase Agreement;

 

WHEREAS, when the parties entered into the Stock Purchase Agreement it was contemplated that the Company would increase its authorized common stock within one year, after which time the Company would have sufficient authorized common stock to allow the Purchaser to convert his shares of the Company’s Series A Convertible Preferred Stock into shares of the Company’s common stock if he so desired;

 

WHEREAS, the Company is currently working on increasing its authorized common stock but has not yet completed the process and, as a result, does not have sufficient authorized common stock to honor a conversion request of the Purchaser if he was to submit one to the Company; and

 

WHEREAS, due to the Company not currently having sufficient authorized common stock to honor a conversion request if the Purchaser was to submit one, the Company and the Purchaser desire to amend the Series A Purchase Agreement such that the Purchaser cannot convert any shares of Series A Preferred Stock into shares of the Company’s common stock until the Company has increased its authorized common stock to a sufficient amount to allow it to effect a conversion request by the Purchaser if one were submitted.

 

Agreement

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to the Stock Purchase Agreement hereby agree as follows:

 

 
-1-
 
 

 

1. The parties agree to modify the terms of the Stock Purchase Agreement as necessary to acknowledge the parties’ agreement that the Purchaser cannot convert any shares of Series A Preferred Stock into shares of the Company’s common stock until the Company has increased its authorized common stock to a sufficient amount to effect a conversion request by the Purchaser. The parties further agree, the Purchaser also cannot effect any rights of the Series A Preferred Stock that are incident to the ability of the Purchaser to convert the shares, such as voting rights, until the shares can be converted according to the terms of this Amendment. For clarity, the shares of Series A Preferred Stock may not be voted by the Purchaser until such time as the shares of Series A Preferred Stock are convertible, since the voting rights of the Series A Preferred Stock are voted on an “as converted” basis and the shares of Series A Preferred Stock are not convertible until the Company has sufficient authorized common stock to effect any requested conversion. In the event the shares of Series A Preferred Stock are deemed to be able to vote on matters brought before the Company’s common stock holders prior to the Company increasing its authorized common stock, then the Purchaser hereby grants Charles Bennington, the CEO of the Company, a proxy to vote his shares of Series A Preferred Stock, until such time as the Company has increased its authorized common stock as contemplated herein.

 

2. This Amendment is being made pursuant to Section 6(f) of the Stock Purchase Agreement.

 

3. Scope. This Amendment relates only to the specific matters expressly covered herein. In all other respects, the Stock Purchase Agreement shall remain in full force and effect in accordance with its terms.

 

4. Counterparts. This Amendment may be executed in one or more counterparts, each of which when executed shall be deemed an original, but all of which taken together shall constitute one and the same instrument. A signed copy of this Amendment delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Amendment. No party shall raise the use of facsimile, e-mail or other means of electronic transmission or similar format to deliver a signature page as a defense to the formation of a contract and each such party forever waives any such defense.

 

5. Applicable Law; Jurisdiction. This Amendment shall be governed by, and construed in accordance with, the laws of the State of California, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws thereof. In any action between any of the parties arising out of or relating to this Amendment each of the parties irrevocably and unconditionally consents and submits to the exclusive jurisdiction of the appropriate federal or state court having jurisdiction over Orange County, California.

 

 
-2-
 
 

 

IN WITNESS WHEREOF, each of the undersigned has duly executed and delivered this Amendment No. 1 to the Stock Purchase Agreement as of the date first above written.

 

TRANSBIOTEC, INC.   [____________________]  

 

 

 

 

 

 

By:

  By:  

Name:

Ivan Braiker     Name: [__________________]  

Title:

Chief Executive Officer      

 

 

3

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/21/17
For Period end:6/30/17NT 10-Q
2/13/17
11/30/15
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Filing Submission 0001477932-17-004113   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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