# EDGAR Filing Document

**Accession Number:** 0001559998
**File Stem:** 0001493152-23-003900
**Filing Date:** 2023-2
**Character Count:** 14540
**Document Hash:** 76b576ad7b9ca1e95f63f784c2810129
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-003900.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001493152-23-003900

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230208

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gaucho Group Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001559998
- **STANDARD INDUSTRIAL CLASSIFICATION:** LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552]
- **IRS NUMBER:** 522158952
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40075
- **FILM NUMBER:** 23596976

**BUSINESS ADDRESS:**
- **STREET 1:** 112 NE 41ST STREET
- **STREET 2:** SUITE 106
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33137
- **BUSINESS PHONE:** 212-739-7650

**MAIL ADDRESS:**
- **STREET 1:** 112 NE 41ST STREET
- **STREET 2:** SUITE 106
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33137

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Algodon Group, Inc.
- **DATE OF NAME CHANGE:** 20181107

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Algodon Wines & Luxury Development Group, Inc.
- **DATE OF NAME CHANGE:** 20121010

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report:**

**February 8, 2023**

**<u>Gaucho Group Holdings, Inc.</u>**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-40075** | **52-2158952** |
| State of | Commission | IRS Employer |
| Incorporation | File Number | Identification No. |

---

**112 NE 41st Street, Suite 106**

**<u>Miami, FL 33137</u>**

Address of principal executive offices

**<u>212-739-7700</u>**

Telephone number, including Area code

Former name or former address if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock | VINO | The Nasdaq Stock Market LLC |

---

**Item 1.01 Entry into a Material Definitive Agreement**

As previously reported on our Current Report on Form 8-K filed on November 8, 2021, Gaucho Group Holdings, Inc. (the "Company," "we," "us" or "our"), and certain investors (the "Holders") entered into that Securities Purchase Agreement, dated as of November 3, 2021 (as the same has been amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the "Securities Purchase Agreement") and the Company issued to the Holders certain senior secured convertible notes (as the same has been amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, each, a "Note" and together with the Securities Purchase Agreement, the "Note Documents").

For the full description of the Note Documents, please refer to our Current Reports on Forms 8-K and the exhibits attached thereto as filed with the SEC on November 8, 2021, March 1, 2022, May 2, 2022, May 13, 2022, July 5, 2022, September 23, 2022, December 1, 2022, and February 3, 2023.

On February 8, 2023, the Company and the Holders entered into a fifth letter agreement (the "Letter Agreement #5") pursuant to which the parties agreed to extend the Maturity Date of the Notes from February 9, 2023 to February 28, 2023. The Conversion Amount and all outstanding Amortization Amounts and Amortization Redemption Amounts (as defined in the Notes) shall be due and payable in full on the Maturity Date or such earlier date as any such amount shall become due and payable pursuant to the other terms of the Note and/or the Letter Agreement #5. All terms not defined herein shall refer to the defined terms in the Note Documents.

The foregoing description of the Letter Agreement #5 is a summary only, does not purport to be complete and is qualified in its entirety by the full text of the document, a copy of which is attached as Exhibit 10.1, and incorporated herein by reference.

The representations, warranties and covenants contained in the agreements described in Item 1.01 of this Current Report on Form 8-K are not intended to be a source of factual, business or operational information about the Company; were made only for purposes of such agreements and as of specific dates; were solely for the benefit of the parties to such agreements and may be subject to limitations agreed upon by the parties, including being qualified by disclosures for the purpose of allocating contractual risk between the parties instead of establishing matters as facts; and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors or security holders. Accordingly, investors should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the parties.

**Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**

The information set forth in Item 1.01 of this Current Report on Form 8-K with respect to the Letter Agreement #5 is incorporated by reference into Item 2.03 of this Current Report on Form 8-K.

**Item 3.02 Unregistered Sales of Equity Securities.**

The information set forth in Item 1.01 of this Current Report on Form 8-K with respect to the Letter Agreement #5 is incorporated by reference into Item 3.02 of this Current Report on Form 8-K.

The shares of common stock that have been and may be issued under the Note Documents and the Letter Agreement #5 are being offered and sold in a transaction exempt from registration under the Securities Act of 1933, as amended, in reliance on Section 4(a)(2) thereof and/or Rule 506(b) of Regulation D thereunder. The Company filed a Form D with the SEC on or about November 9, 2021.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits

10.1 [Letter Agreement, dated as of February 8, 2023, by and among Gaucho Group Holdings, Inc. and the subscribers listed therein](ex10-1.htm) <br> 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on the 8th day of February 2023.

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| | |
|:---|:---|
| **Gaucho Group Holdings, Inc.** | **Gaucho Group Holdings, Inc.** |
| By: | */s/ Scott L. Mathis* |
|  | Scott L. Mathis, President & CEO |

---

## Exhibit 10.1

**Exhibit 10.1**

---

| | |
|:---|:---|
| ![](ex10-1_001.jpg) | **From the Desk of Scott Mathis**<br>Direct: 212.739.7650<br> Fax: 212.655.0140<br> smathis@gauchoholdings.com |

---

February 8, 2023

3i, LP

140 Broadway Floor 38

New York, NY 10005

Nomis Bay, Ltd.

Wessex House 3rd Floor

45 Reid Street

Hamilton, HM 12

Bermuda

BPY Limited

Wessex House 3rd Floor

45 Reid Street

Hamilton, HM 12

Bermuda

Re: Modification to Purchase Agreement

Dear Sirs:

Reference is made to (a) that certain Securities Purchase Agreement dated as of November 3, 2021 (the "**Purchase Agreement**") between the Company and the purchasers identified therein, which are the same as the three addressees listed above (collectively, the "**Investors**"), (b) a series of certain Amendment and Exchange Agreements dated as of February 22, 2022, September 22, 2022 and November 30, 2022 between the Company and the Investors, (c) those certain letter agreements between the Company and the Investors on each of May 2, 2022, May 12, 2022, and July 1, 2022, (d) a series of senior secured convertible notes of the Company issued to the Investors (the "**Notes**"), (e) and the other transaction documents, as modified from time to time, referred to collectively, as the "**Transaction Documents**". Capitalized terms used but not defined herein shall have the meanings given to them in the Purchase Agreement, or if not defined therein, in the Notes, or if not defined therein, in the applicable Transaction Document, in each case as of the date hereof.

This letter agreement (this "**Letter Agreement**") confirms our recent discussions about, among other matters, certain modifications to the Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;1. The
 Investors hereby extend the Maturity Date of the Notes from February 9, 2023 to February
 28, 2023 as set forth in Section 33(ff) of the Notes. The Conversion Amount and all outstanding
 Amortization Amounts and Amortization Redemption Amounts (as defined in the Notes) shall
 be due and payable in full on the Maturity Date or such earlier date as any such amount shall
 become due and payable pursuant to the other terms of the Note and/or this Letter Agreement.

GAUCHO GROUP HOLDINGS, INC. GROUP (NASDAQ:VINO)

112 NE 41<sup>ST</sup> STREET, SUITE 106, MIAMI, FL 33137

(main) 212.739.7700 (fax) 212.655.0140 \| **www.gauchoholdings.com**

This Letter Agreement is a Transaction Document and is limited as written. As of the date first written above, each reference in the Purchase Agreement or any other applicable Transaction Document to "**this Agreement**," "**hereunder**," "**hereof**," "**herein**," or words of like import, and each reference in the other Transaction Documents to such Purchase Agreement or other Transaction Documents (including, without limitation, by means of words like "**thereunder**," "**thereof**" and words of like import), shall refer to the Purchase Agreement as modified thereby, and this Letter Agreement and the Purchase Agreement shall be read together and construed as a single agreement. The execution, delivery and effectiveness of this Letter Agreement shall not, except as expressly provided herein, (A) waive or modify any right, power or remedy under, or any other provision of, any Transaction Document or (B) commit or otherwise obligate any Purchaser to enter into or consider entering into any other amendment, waiver or modification of any Transaction Document.

All communications and notices hereunder shall be given as provided in the Transaction Documents. This Letter Agreement (a) shall be governed by and construed in accordance with the law of the State of New York, (b) is for the exclusive benefit of the parties hereto and the other Purchasers and beneficiaries of the Purchaser Agreement and, together with the other Transaction Documents, constitutes the entire agreement of such parties, superseding all prior agreements among them, with respect to the subject matter hereof, (c) may be modified, waived or assigned only in writing and only to the extent such modification, waiver or assignment would be permitted under the Transaction Documents (and any attempt to assign this Letter Agreement without such writing shall be null and void), (d) is a negotiated document, entered into freely among the parties upon advice of their own counsel, and it should not be construed against any of its drafters and (e) shall survive the satisfaction or discharge of the amounts owing under the Transaction Documents. The fact that any term or provision of this Letter Agreement is held invalid, illegal or unenforceable as to any person in any situation in any jurisdiction shall not affect the validity, enforceability or legality of the remaining terms or provisions hereof or the validity, enforceability or legality of such offending term or provision in any other situation or jurisdiction or as applied to any person.

This Letter Agreement is expressly conditioned on the following conditions precedent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The
 Company's Board of Directors shall have approved this Letter Agreement and all undertakings
 thereto in all respects and shall provide written evidence of the same to the Investors by
 February 9, 2023; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The
 Company shall have verified and confirmed with its transfer agent that there are no impediments
 to the issuance of shares as a result of this Letter Agreement.

Kindly confirm your agreement with the above by signing in the space indicated below and by PDFing a partially executed copy of this letter to the undersigned, and which may be executed in identical counterparts, each of which shall be deemed an original but all of which shall constitute one and the same agreement.

***[Signatures follow on next page]***

 ****

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| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| **GAUCHO GROUP HOLDINGS, INC.** | **GAUCHO GROUP HOLDINGS, INC.** |
| By: |  |
|  | Scott L Mathis |
|  | President & Chief Executive Officer |

---

AGREED AND ACCEPTED:

**3i, LP**

By:

Name: Maier J Tarlow

Title: Manager On Behalf Of The GP

**Nomis Bay, Ltd.**

By:

Name:

Title:

**BPY Limited**

By:

Name:

Title: