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Incubara Capital Corp. – ‘1-A’ on 6/2/23 – ‘EX1A-6 MAT CTRCT’

On:  Friday, 6/2/23, at 5:23pm ET   ·   Accession #:  1393905-23-243   ·   File #:  24-12269

Previous ‘1-A’:  None   ·   Next & Latest:  ‘1-A/A’ on 1/26/24   ·   1 Reference:  By:  Incubara Capital Corp. – Next & Latest ‘1-A/A’ on 1/26/24

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

 6/02/23  Incubara Capital Corp.            1-A                   29:2.7M                                   Empire Stock Transf… Inc

Offering Statement   —   Form 1-A   —   Regulation A/A+

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 1-A         Offering Statement -- primary_doc.xml               HTML     23K 
 2: PART II AND III  Offering Circular                              HTML    885K 
 4: EX1A-2A CHARTER  Articles of Incorporation/Organization         HTML      9K 
 3: EX1A-2A CHARTER  Certificate of Incorporation                   HTML      9K 
 5: EX1A-2A CHARTER  Certificate of Name Change                     HTML    207K 
 6: EX1A-2A CHARTER  Notice of Articles                             HTML      9K 
 7: EX1A-4 SUBS AGMT  Form of Subscription Agreement                HTML    111K 
23: EX1A-6 MAT CTRCT  Amendment No. 1 to Consulting Agreement With  HTML     22K 
                Scott Eldridge                                                   
12: EX1A-6 MAT CTRCT  Amendment No. 1 to Operating Agreement        HTML     15K 
13: EX1A-6 MAT CTRCT  Amendment No. 1 to Production Funding         HTML     15K 
                Agreement                                                        
25: EX1A-6 MAT CTRCT  Amendment No. 2 to Operating Agreement        HTML     15K 
26: EX1A-6 MAT CTRCT  Amendment No. 2 to Production Funding         HTML     15K 
                Agreement                                                        
15: EX1A-6 MAT CTRCT  Amendment to Letter of Intent Cyndicate       HTML     19K 
 8: EX1A-6 MAT CTRCT  Broker-Dealer Agreement                       HTML     32K 
18: EX1A-6 MAT CTRCT  Business Incubation Services Agreement With   HTML     24K 
                Bios                                                             
17: EX1A-6 MAT CTRCT  Business Incubation Services Agreement With   HTML     26K 
                Xra                                                              
21: EX1A-6 MAT CTRCT  CFO Agreement                                 HTML     21K 
22: EX1A-6 MAT CTRCT  Consulting Agreement With Scott Eldridge      HTML     87K 
19: EX1A-6 MAT CTRCT  Contract for Services With Bua Capital        HTML     21K 
20: EX1A-6 MAT CTRCT  Contract for Services With Bua Group          HTML     19K 
 9: EX1A-6 MAT CTRCT  Escrow Agreement                              HTML    139K 
24: EX1A-6 MAT CTRCT  Incentive Stock Option Plan                   HTML     47K 
14: EX1A-6 MAT CTRCT  Letter of Intent Cyndicate                    HTML     43K 
16: EX1A-6 MAT CTRCT  Letter of Intent With Mersis                  HTML     42K 
10: EX1A-6 MAT CTRCT  Operating Agreement for Delta Liftoff LLC     HTML    146K 
11: EX1A-6 MAT CTRCT  Production Funding Agreement                  HTML     22K 
27: EX1A-6 MAT CTRCT  Software and Services License Agreement &     HTML    275K 
                Addendum                                                         
28: EX1A-12 OPN CNSL  Validity Opinion                              HTML     20K 
29: EX1A-14 CNSNT SV  Appointment of Agent for Service of Process   HTML     18K 
                - Form F-X                                                       


‘EX1A-6 MAT CTRCT’   —   Amendment No. 2 to Production Funding Agreement


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



 C: 
  Amendment No. 2 to Production Funding Agreement  

AMENDMENT NO. 2 TO

PRODUCTION FUNDING AGREEMENT

 

This Amendment No. 2 (this “Amendment”), to that Production Funding Agreement dated September 2, 2022, as amended on October 31, 2022 (the “Agreement”), between Incubara Capital Corp. and STARS-VR, LLC (collectively, the “Parties”), is entered as of March 31, 2023 (the “Effective Date”).

 

WHEREAS:

 

A.The Parties have previously entered into the Agreement; and 

 

B.The Parties desire to amend the Agreement as set forth in this Amendment, 

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:

 

1.Unless otherwise defined in this Amendment, capitalized terms used but not defined shall have their respective meanings as set forth in the Agreement.  

 

2.Section 3 of the Agreement is deleted in its entirety and replaced with the following: 

 

 

3.Incubara will contribute funding of US$975,000 (the “Initial Funding”) to the LLC and will receive 39% of the ownership of the LLC, Incubara will make payments for the Initial Funding as follows: (i) US$200,000, of which CA$105,500 has been paid by Incubara to the LLC as at the date hereof, by July 1, 2023, (ii) US$200,000 by August 1, 2023 and (iii) US$575,000 by November 1, 2023 (collectively, the “Payment Schedule”). If Incubara fails to provide the Initial Funding to the LLC in accordance with the Payment Schedule (a “Missed Payment”), Incubara’s ownership interest shall be reduced in accordance with the terms of the operating agreement in respect of the LLC dated the date hereof between the parties hereto, as amended from time to time. Upon the occurrence of a Missed Payment, Incubara will lose the right to make payments towards the balance of the Initial Funding to the LLC. 

 

3.This Amendment, together with the Agreement as amended hereby, constitutes the entire agreement and understanding of the Parties with respect to those subject matters hereof and thereof, and supersedes all prior and contemporaneous negotiations, correspondence, agreements, understandings, duties and obligations with respect to the subject matters hereof.  

 

4.Except as modified by this Amendment, the Agreement remains in full force and effect in accordance with its terms, and are hereby ratified, confirmed and approved in all respects by the Parties without any further modification. 

 

5.This Amendment may be executed in any number of counterparts and delivered by email or facsimile, each of which shall be deemed to be an original, but all of which together shall constitute the same Amendment. Execution and delivery of this Amendment by facsimile or other electronic means shall be deemed to be, and shall have the same effect as, execution by an original signature and delivery in person. 

 

[Signatures on the following page]

 

 



 

IN WITNESS WHEREOF the Parties have executed this Amendment as of the Effective Date.

 

 

INCUBARA CAPITAL CORP.

 

 

 

Per:  “Geoff Watson”  

 Authorized Signatory

 

 

STARS-VR, LLC

 

 

 

Per:  “Jason Walsh”  

 Authorized Signatory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Dates Referenced Herein

This ‘1-A’ Filing    Date    Other Filings
11/1/23None on these Dates
8/1/23
7/1/23
Filed on:6/2/23
3/31/23
10/31/22
9/2/22
 List all Filings 


1 Subsequent Filing that References this Filing

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

 1/26/24  Incubara Capital Corp.            1-A/A                 10:1.7M                                   Empire Stock Transf… Inc
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Filing Submission 0001393905-23-000243   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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