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B2Digital, Inc. – ‘10-K’ for 3/31/21 – ‘EX-10.2’

On:  Tuesday, 6/29/21, at 8:38am ET   ·   For:  3/31/21   ·   Accession #:  1683168-21-2748   ·   File #:  0-11882

Previous ‘10-K’:  ‘10-K’ on 8/19/20 for 3/31/20   ·   Next & Latest:  ‘10-K’ on 9/28/22 for 3/31/22   ·   8 References:   

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

 6/29/21  B2Digital, Inc.                   10-K        3/31/21   79:5.1M                                   GlobalOne Filings Inc/FA

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    494K 
 2: EX-10.2     Amendment to Common Stock Purchase Agreement Dated  HTML     29K 
                February 18, 2021                                                
 3: EX-21.1     List of Subsidiaries                                HTML     21K 
 4: EX-31.1     Rule 13A-14(A) Certification by Principal           HTML     25K 
                Executive Officer                                                
 5: EX-32.1     Section 1350 Certification of Principal Executive   HTML     21K 
                Officer                                                          
12: R1          Cover                                               HTML     61K 
13: R2          Consolidated Balance Sheets                         HTML    127K 
14: R3          Consolidated Balance Sheets (Parenthetical)         HTML     38K 
15: R4          Consolidated Statements of Operations               HTML    100K 
16: R5          Consolidated Statement of Changes in Stockholders'  HTML     83K 
                Deficit                                                          
17: R6          Consolidated Statements of Cash Flows               HTML    136K 
18: R7          1. Organization and Nature of Business              HTML     27K 
19: R8          2. Accounting Policies                              HTML     51K 
20: R9          3. Going Concern                                    HTML     25K 
21: R10         4. Revenue                                          HTML     34K 
22: R11         5. Property and Equipment                           HTML     30K 
23: R12         6. Intangible Assets                                HTML     29K 
24: R13         7. Business Acquisitions                            HTML     57K 
25: R14         8. Notes Payable                                    HTML     36K 
26: R15         9. Convertible Note Payable                         HTML     73K 
27: R16         10. Derivative Financial Instruments                HTML     40K 
28: R17         11. Equity                                          HTML     57K 
29: R18         12. Leases                                          HTML     46K 
30: R19         13. Commitments and Contingencies                   HTML     26K 
31: R20         14. Income Taxes                                    HTML     40K 
32: R21         15. Subsequent Events                               HTML     29K 
33: R22         2. Accounting Policies (Policies)                   HTML     89K 
34: R23         2. Accounting Policies (Tables)                     HTML     28K 
35: R24         4. Revenue (Tables)                                 HTML     31K 
36: R25         5. Property and Equipment (Tables)                  HTML     29K 
37: R26         6. Intangible Assets (Tables)                       HTML     31K 
38: R27         7. Business Acquisitions (Tables)                   HTML     55K 
39: R28         8. Notes Payable (Tables)                           HTML     30K 
40: R29         9. Convertible Note Payable (Tables)                HTML     75K 
41: R30         10. Derivative Financial Instruments (Tables)       HTML     43K 
42: R31         11. Equity (Tables)                                 HTML     34K 
43: R32         12. Leases (Tables)                                 HTML     45K 
44: R33         14. Income Taxes (Tables)                           HTML     41K 
45: R34         2. Accounting Policies (Details)                    HTML     51K 
46: R35         2. Accounting Policies (Details Narrative)          HTML     37K 
47: R36         3. Going Concern (Details Narrative)                HTML     46K 
48: R37         4. Revenue (Details - Net sales by revenue type)    HTML     28K 
49: R38         4. Revenue (Details - Deferred revenue)             HTML     27K 
50: R39         4. Revenue (Details Narrative)                      HTML     25K 
51: R40         5. Property and Equipment (Details)                 HTML     46K 
52: R41         5. Property and Equipment (Details Narrative)       HTML     23K 
53: R42         6. Intangible Assets (Details - Intangible assets,  HTML     31K 
                net)                                                             
54: R43         6. Intangible Assets (Details - Estimated           HTML     33K 
                amortization expense)                                            
55: R44         6. Intangible Assets (Details Narrative)            HTML     29K 
56: R45         7. Business Acquisitions (Details - allocation of   HTML     97K 
                purchase)                                                        
57: R46         8. Notes Payable (Details)                          HTML     59K 
58: R47         9. Convertible Note Payable (Details - Convertible  HTML     78K 
                note payable)                                                    
59: R48         9. Convertible Note Payable (Details - Allocation   HTML     33K 
                of cash proceeds)                                                
60: R49         9. Convertible Note Payable (Details -              HTML     82K 
                Amortization expense, interest expense and accrued               
                interest)                                                        
61: R50         9. Convertible Note Payable (Details - Debt         HTML     88K 
                Conversion)                                                      
62: R51         9. Convertible Note Payable (Details Narrative)     HTML     53K 
63: R52         10. Derivative Financial Instruments (Details -     HTML     30K 
                Derivative liabilities)                                          
64: R53         10. Derivative Financial Instruments (Details -     HTML     31K 
                Significant inputs)                                              
65: R54         10. Derivative Financial Instruments (Details -     HTML     32K 
                Change in fair value)                                            
66: R55         11. Equity (Details)                                HTML     62K 
67: R56         11. Equity (Details Narrative)                      HTML    220K 
68: R57         12. Leases (Details - Right-of-use asset)           HTML     34K 
69: R58         12. Leases (Details - Operating lease liability)    HTML     35K 
70: R59         12. Leases (Details - Maturities)                   HTML     49K 
71: R60         12. Leases (Details Narrative)                      HTML     33K 
72: R61         13. Commitments and Contingencies (Details          HTML     30K 
                Narrative)                                                       
73: R62         14. Income Taxes (Details - Provision for Federal   HTML     40K 
                income tax )                                                     
74: R63         14. Income Taxes (Details - Reconciliation of tax)  HTML     35K 
75: R64         14. Income Taxes (Details - net deferred tax)       HTML     41K 
76: R65         14. Income Taxes (Details Narrative)                HTML     25K 
78: XML         IDEA XML File -- Filing Summary                      XML    143K 
77: EXCEL       IDEA Workbook of Financial Reports                  XLSX     98K 
 6: EX-101.INS  XBRL Instance -- btdg-20210331                       XML   1.58M 
 8: EX-101.CAL  XBRL Calculations -- btdg-20210331_cal               XML    177K 
 9: EX-101.DEF  XBRL Definitions -- btdg-20210331_def                XML    609K 
10: EX-101.LAB  XBRL Labels -- btdg-20210331_lab                     XML    881K 
11: EX-101.PRE  XBRL Presentations -- btdg-20210331_pre              XML    818K 
 7: EX-101.SCH  XBRL Schema -- btdg-20210331                         XSD    168K 
79: ZIP         XBRL Zipped Folder -- 0001683168-21-002748-xbrl      Zip    131K 


‘EX-10.2’   —   Amendment to Common Stock Purchase Agreement Dated February 18, 2021


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



EXHIBIT 10.12

 

AMENDMENT No. 1 TO THE COMMON STOCK PURCHASE AGREEMENT

 

This Amendment No. 1 to the Common Stock Purchase Agreement (this “Amendment”) dated February 10, 2021 is by and between B2Digital, Incorporated, a Delaware corporation (the “Company”), on the one hand, and Triton Funds LP, a Delaware limited partnership (the “Investor”), on the other hand. The Company and the Investor will be referred to individually as a “Party” and collectively as the Parties.” Any capitalized terms not defined in this Amendment will have the meaning set forth in the Common Stock Purchase Agreement dated December 23, 2020 between the Company and the Investor (the “CSPA”), attached hereto as Exhibit A.

 

RECITALS

 

WHEREAS, on December 23, 2020, the Company and the Investor entered into the CSPA pursuant to which the Investor agreed to purchase from the Company securities pursuant to the terms of the CSPA;

 

WHEREAS, Section 2.1 of the CSPA states the following:

 

PURCHASE AND SALE OF PURCHASED SHARES. Subject to the terms and conditions set forth herein, the Company shall sell to the Investor, and the Investor shall purchase from the Company, that number of Purchased Shares equal to the Investment Amount. The Investment Amount shall be calculated based on the total number of Purchased Shares set forth in the Purchase Notice delivered to Investor as more particularly set forth in Section 2.2 below, multiplied by $0.005;

 

WHEREAS, the CSPA defines “Minimum Closing Price” as “the closing price of the Common Stock that is equal to or greater than $0.0075;”

 

WHEREAS, Section 8.4 of the CSPA states, in part, that “[n]o provision of this Agreement may be amended other than by an instrument in writing signed by the Company and the Investor, and no provision hereof may be waived other than by an instrument in writing signed by the party against whom enforcement is sought;” and

 

WHEREAS, pursuant to Section 8.4 of the CSPA, the Parties wish to amend the CSPA to revise Sections 2.1 and the definition of “Minimum Closing Price,” respectively.

 

THEREFORE, in consideration of the foregoing recitals, mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as set forth below.

 

AGREEMENT

 

1.            Revised Section 2.1. Pursuant to Section 8.4 of the CSPA, Section 2.1 of the CSPA is hereby amended so that, as amended, Section 2.1 of the CSPA reads as follows:

 

PURCHASE AND SALE OF PURCHASED SHARES. Subject to the terms and conditions set forth herein, the Company shall sell to the Investor, and the Investor shall purchase from the Company, that number of Purchased Shares equal to the Investment Amount. The Investment Amount shall be calculated based on the total number of Purchased Shares set forth in the Purchase Notice delivered to Investor as more particularly set forth in Section 2.2 below, multiplied by $0.004.

 

2.            Revised Definition of “Minimum Closing Price”. Pursuant to Section 8.4 of the CSPA, the definition of “Minimum Closing Price,” as defined in the CSPA, is “the closing price of the Common Stock that is equal to or greater than $0.0065;”

 

3.            No Other Changes. Except as amended hereby, the CSPA will continue to be, and will remain, in full force and effect. Except as provided herein, this Amendment will not be deemed (i) to be a waiver of, or consent to, or a modification or amendment of, any other term or condition of the CSPA or (ii) to prejudice any right or rights which the Parties may now have or may have in the future under or in connection with the CSPA or any of the instruments or agreements referred to therein, as the same may be amended, restated, supplemented or otherwise modified from time to time.

 

 

 C: 
  C:   

 

 

4.            Authority; Binding on Successors. The Parties represent that they each have the authority to enter into this Amendment. This Amendment will be binding on, and will inure to the benefit of, the Parties to it and their respective heirs, legal representatives, successors, and assigns.

 

5.            Governing Law and Venue. This Amendment and the rights and duties of the Parties hereto will be construed and determined in accordance with the terms of the CSPA.

 

6.            Incorporation by Reference. The terms of the CSPA, except as amended by this Amendment, are incorporated herein by reference and will form a part of this Amendment as if set forth herein in their entirety.

 

7.           Counterparts; Facsimile Execution. This Amendment may be executed in any number of counterparts and all such counterparts taken together will be deemed to constitute one instrument. Delivery of an executed counterpart of this Amendment by facsimile or email will be equally as effective as delivery of a manually executed counterpart of this Amendment.

 

[Signature Page to Follow]

 

 C: 
  C: 2 

 

 

 

IN WITNESS WHEREOF, each of the undersigned has executed this Amendment the respective day and year set forth below:

 

COMPANY: B2Digital, Incorporated
     
     
Date:  February __, 2021 By  
    Greg P. Bell, CEO
     
     
INVESTOR: Triton Funds LP
     
     
Date:  February __, 2021 By  
    Ashkan Mapar, Authorized Signatory

 

 

 

 

 

 C: 
 3 

 

 

EXHIBIT A

 

Common Stock Purchase Agreement dated December 23, 2020

 

[See Attached]

 

 

 

 

 C: 
 4 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:6/29/21
For Period end:3/31/218-K
2/10/218-K
12/23/208-K
 List all Filings 


2 Subsequent Filings that Reference this Filing

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

 9/28/22  B2Digital, Inc.                   10-K        3/31/22   75:7.3M                                   GlobalOne Filings Inc/FA
 7/06/21  B2Digital, Inc.                   POS AM                76:5.3M                                   GlobalOne Filings Inc/FA


6 Previous Filings that this Filing References

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

12/31/20  B2Digital, Inc.                   S-1                   85:6M                                     GlobalOne Filings Inc/FA
12/03/20  B2Digital, Inc.                   8-K:1,3,5,711/29/20    3:57K                                    GlobalOne Filings Inc/FA
 2/03/20  B2Digital, Inc.                   8-K:1,9     1/28/20    2:49K                                    GlobalOne Filings Inc/FA
 1/09/20  B2Digital, Inc.                   8-K:4,9     1/07/20    2:34K                                    GlobalOne Filings Inc/FA
12/05/19  B2Digital, Inc.                   8-K:1,9    12/02/19    2:47K                                    GlobalOne Filings Inc/FA
 8/21/18  B2Digital, Inc.                   1-A                   14:1.3M                                   GlobalOne Filings Inc/FA
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