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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 5/21/21 Can B Corp. 10-Q 3/31/21 69:3.9M M2 Compliance LLC/FA |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 264K 3: EX-10.21 Material Contract HTML 24K 4: EX-10.22 Material Contract HTML 24K 5: EX-10.23 Material Contract HTML 220K 6: EX-10.24 Material Contract HTML 126K 7: EX-10.25 Material Contract HTML 83K 8: EX-10.26 Material Contract HTML 127K 9: EX-10.27 Material Contract HTML 84K 10: EX-10.28 Material Contract HTML 124K 11: EX-10.29 Material Contract HTML 35K 12: EX-10.30 Material Contract HTML 33K 13: EX-10.31 Material Contract HTML 33K 2: EX-10.9 Material Contract HTML 36K 14: EX-31.1 Certification -- §302 - SOA'02 HTML 22K 15: EX-31.2 Certification -- §302 - SOA'02 HTML 22K 16: EX-32.1 Certification -- §906 - SOA'02 HTML 19K 17: EX-32.2 Certification -- §906 - SOA'02 HTML 19K 24: R1 Document and Entity Information HTML 46K 25: R2 Consolidated Balance Sheets HTML 143K 26: R3 Consolidated Balance Sheets (Parenthetical) HTML 47K 27: R4 Consolidated Statement of Operations HTML 79K 28: R5 Consolidated Statement of Stockholders' Equity HTML 82K 29: R6 Consolidated Statement of Cash Flows HTML 115K 30: R7 Organization and Description of Business HTML 24K 31: R8 Liquidity HTML 21K 32: R9 Basis of Presentation and Summary of Significant HTML 30K Accounting Policies 33: R10 Asset Acquisitions HTML 24K 34: R11 Inventories HTML 23K 35: R12 Property and Equipment HTML 27K 36: R13 Goodwill and Intangible Assets HTML 27K 37: R14 Notes and Loans Payable HTML 30K 38: R15 Stockholders' Equity HTML 30K 39: R16 Stock Options HTML 28K 40: R17 Income Taxes HTML 23K 41: R18 Related Party Transactions HTML 22K 42: R19 Commitments and Contingencies HTML 27K 43: R20 Subsequent Events HTML 23K 44: R21 Basis of Presentation and Summary of Significant HTML 47K Accounting Policies (Policies) 45: R22 Inventories (Tables) HTML 24K 46: R23 Property and Equipment (Tables) HTML 25K 47: R24 Goodwill and Intangible Assets (Tables) HTML 29K 48: R25 Stock Options (Tables) HTML 31K 49: R26 Commitments and Contingencies (Tables) HTML 22K 50: R27 Organization and Description of Business (Details HTML 20K Narrative) 51: R28 Liquidity (Details Narrative) HTML 35K 52: R29 Asset Acquisitions (Details Narrative) HTML 39K 53: R30 Inventories - Schedule of Inventories (Details) HTML 25K 54: R31 Property and Equipment (Details Narrative) HTML 20K 55: R32 Property and Equipment - Summary of Property, HTML 37K Plant and Equipment (Details) 56: R33 Goodwill and Intangible Assets (Details Narrative) HTML 24K 57: R34 Goodwill and Intangible Assets - Schedule of HTML 28K Intangible Assets (Details) 58: R35 Goodwill and Intangible Assets - Schedule of HTML 34K Estimated Future Amortization Expense (Details) 59: R36 Notes and Loans Payable (Details Narrative) HTML 60K 60: R37 Stockholders' Equity (Details Narrative) HTML 57K 61: R38 Stock Options - Summary of Stock Options Activity HTML 49K (Details) 62: R39 Stock Options - Schedule of Non-Vested Option HTML 35K (Details) 63: R40 Related Party Transactions (Details Narrative) HTML 20K 64: R41 Commitments and Contingencies (Details Narrative) HTML 57K 65: R42 Commitments and Contingencies - Schedule of Future HTML 25K Minimum Lease Payments Under Non-cancellable Operating Leases (Details) 66: R43 Subsequent Events (Details Narrative) HTML 39K 68: XML IDEA XML File -- Filing Summary XML 98K 67: EXCEL IDEA Workbook of Financial Reports XLSX 58K 18: EX-101.INS XBRL Instance -- canb-20210331 XML 592K 20: EX-101.CAL XBRL Calculations -- canb-20210331_cal XML 155K 21: EX-101.DEF XBRL Definitions -- canb-20210331_def XML 356K 22: EX-101.LAB XBRL Labels -- canb-20210331_lab XML 676K 23: EX-101.PRE XBRL Presentations -- canb-20210331_pre XML 512K 19: EX-101.SCH XBRL Schema -- canb-20210331 XSD 109K 69: ZIP XBRL Zipped Folder -- 0001493152-21-012555-xbrl Zip 76K
Exhibit 10.30
ADDENDUM TO INTELLECTUAL PROPERTY SECURITY AGREEMENT
This Addendum to Intellectual Property Security IP Security Agreement (“Addendum”) is entered into this May 17, 2021, by and between Can B Corp., a Florida corporation (the “Company”), the Subsidiaries of the Company set forth on the signature pages hereto (such subsidiaries, the “Subsidiaries” and, together with the Company, the “Debtors”) on the one hand, and Arena Special Opportunities Partners I, LP, a Delaware limited partnership, and Arena Special Opportunities Fund, LP, a Delaware limited partnership (each, a “Secured Party” and, collectively, the “Secured Parties”), on the other hand.
R E C I T A L S
WHEREAS, the parties hereto (the “Parties”) entered into that certain Intellectual Property Security IP Security Agreement dated December 10, 2020 (the “IP Security Agreement”) in connection with the Secured Parties’ purchase from the Company of Original Issue Discount Senior Secured Convertible Promissory Notes due nine (9) months following their issuance, in the aggregate principal amount of up to $2,777,778.00 (the “Original Notes”);
WHEREAS, the maturity dates of the Original Notes have been extended to January 31, 2022;
WHEREAS, the Parties have entered into a subsequent transaction whereby the Secured Parties purchased from the Company Original Issue Discount Senior Secured Convertible Promissory Notes due January 31, 2022, in the aggregate principal amount of up to $1,500,000.00 (the “New Notes”); and
WHEREAS, the Parties hereby wish to enter into this Addendum to extend the IP Security Agreement to the New Notes, pursuant to the terms and conditions of this Addendum.
NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties hereby agree that the following constitutes additional terms and conditions of the IP Security Agreement.
1. Addition of New Notes. The IP Security Agreement is amended to specifically incorporate the New Notes within the definition of “Obligations.”
2. Joinder of Botanical Biotech. In March 2021, the Company formed Botanical Biotech, LLC, a Nevada limited liability company. By its signature hereunder, Botanical Biotech, LLC hereby agrees to (a) be bound by the IP Security Agreement as amended hereby, and (b) have all the rights and obligations of the Debtors under the IP Security Agreement as amended hereby as fully and to the same extent as if the undersigned was an original signatory thereto. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, BOTANICAL BIOTECH, LLC SPECIFICALLY GRANTS TO THE SECURED PARTIES A SECURITY INTEREST IN THE COLLATERAL AS MORE FULLY SET FORTH IN THE IP SECURITY AGREEMENT AND ACKNOWLEDGES AND AGREES TO THE WAIVER OF JURY TRIAL PROVISIONS SET FORTH THEREIN.
3. Removal of Lifeguard. The Secured Parties agree to remove any and all Intellectual Property relating to the Company’s license agreement to use the LIFEGUARD® trademark or LIFEGUARD® brand from the definition from “Collateral” under the IP Security Agreement.
4. General Terms. This Addendum may be executed in two or more counterparts, all of which shall be considered one and the same agreement and shall become effective when two or more counterparts have been signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same counterpart. This Addendum may be signed and delivered by electronic means, including e-mail. Capitalized terms used in this Addendum without definition shall have the meanings assigned to such terms in the IP Security Agreement. In the event of any discrepancy between the IP Security Agreement and this Addendum, then this Addendum shall control. Except as provided in this Addendum, all terms and conditions of the IP Security Agreement remain unchanged.
[Remainder of page intentionally left blank; signature pages to follow.]
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IN WITNESS WHEREOF, the Parties have executed this Addendum on the date first above written.
CAN B CORP. | DURAMED MI, LLC | |||
(f/k/a DURAMEDNJ LLC) | ||||
By: | /s/ Marco Alfonsi | |||
Name: | Marco Alfonsi | /s/ Can B Corp., its Manager | ||
Title: | Chief Executive Officer | |||
By: | /s/ Marco Alfonsi | |||
DURAMED INC. | Name: | Marco Alfonsi | ||
Title: | Authorized Representative | |||
By: | /s/ Marco Alfonsi | |||
Name: | Marco Alfonsi | PIVT LABS, LLC | ||
Title: | Authorized Representative | (f/k/a NY HEMP DEPOT LLC) | ||
PURE HEALTH PRODUCTS, LLC | /s/ Can B Corp., its Manager | |||
By: | /s/ Marco Alfonsi | By: | /s/ Marco Alfonsi | |
Name: | Marco Alfonsi | Name: | Marco Alfonsi | |
Title: | Authorized Representative | Title: | Authorized Representative | |
IMBIBE WELLNESS SOLUTIONS, LLC | ||||
BOTANICAL BIOTECH, LLC | (f/k/a RADICAL TACTICAL LLC) | |||
/s/ Can B Corp., its Manager | /s/ Can B Corp., its Manager | |||
By: | /s/ Marco Alfonsi | By: | /s/ Marco Alfonsi | |
Name: | Marco Alfonsi | Name: | Marco Alfonsi | |
Title: | Authorized Representative | Title: | Authorized Representative | |
GREEN GROW FARMS, INC. | ||||
/s/ Can B Corp., its Manager | ||||
By: | /s/ Marco Alfonsi | |||
Name: | Marco Alfonsi | |||
Title: | Authorized Representative |
[SIGNATURE PAGE OF SECURED PARTIES FOLLOWS]
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[SIGNATURE PAGE OF SECURED PARTIES]
IN WITNESS WHEREOF, the Parties have executed this Addendum on the date first above written.
Name of Investing Entity: Arena Special Opportunities Fund, LP
Signature of Authorized Signatory of Investing entity: /s/ Lawrence Cutler
Name of Authorized Signatory: Lawrence Cutler
Title of Authorized Signatory: Authorized Signatory
Name of Investing Entity: Arena Special Opportunities Partners I, LP
Signature of Authorized Signatory of Investing entity: /s/ Lawrence Cutler
Name of Authorized Signatory: Lawrence Cutler
Title of Authorized Signatory: Authorized Signatory
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This ‘10-Q’ Filing | Date | Other Filings | ||
---|---|---|---|---|
1/31/22 | ||||
Filed on: | 5/21/21 | |||
5/17/21 | NT 10-Q | |||
For Period end: | 3/31/21 | NT 10-K, NT 10-Q | ||
12/10/20 | 8-K | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/14/21 Can B Corp. 10-K 12/31/20 102:84M M2 Compliance LLC/FA 11/23/20 Can B Corp. 8-K:5,9 11/17/20 2:4.6M M2 Compliance LLC/FA 9/11/20 Can B Corp. 1-A POS 5:1.8M M2 Compliance LLC/FA 7/17/20 Can B Corp. 1-A/A 7:5.1M M2 Compliance LLC/FA 4/02/20 Can B Corp. 10-K 12/31/19 83:40M M2 Compliance LLC/FA 12/06/19 Can B Corp. 8-K:1,9 12/04/19 2:271K M2 Compliance LLC/FA 1/30/19 Can B Corp. 8-K:5,9 1/14/19 3:367K Printing & Proxy, LLC/FA 1/15/19 Can B Corp. 8-K:1,2,3 12/28/18 3:123K Printing & Proxy, LLC/FA 12/02/15 Can B Corp. S-1 15:64M Printing & Proxy, LLC/FA |