Document:

EXHIBIT 10.24

 

AMENDMENT NO. 2 TO EQUITY PURCHASE AGREEMENT

 

This Amendment No.
2 to Equity Purchase Agreement (the “Amendment”) is made as of the 23rd day of September 2014 and amends
the Equity Purchase Agreement (the “Equity Purchase Agreement”) made as of July 23, 2014, as amended as of August
20, 2014, among Eventure Interactive, Inc., Kodiak Capital Group, LLC and The Luthmann Law Firm PLLC, as Escrow Agent. Capitalized
terms used and not otherwise defined herein shall have the meanings ascribed to them in the Equity Purchase Agreement.

 

NOW THEREFORE, the
parties agree as follows:

 

		1.	The term “Floor Price”
                                         is hereby deleted from Section 1.1 of the Equity Purchase Agreement.

 

		2.	Section 2.2(c) is hereby deleted from
                                         the Equity Purchase Agreement in its entirety.

 

		3.	Section 2.3 of the Equity Purchase
                                         Agreement is hereby amended to read as follows:

 

“Section
2.3 CLOSINGS. At the end of the Valuation Period, the Purchase Price shall be established and the number of Put Shares shall be
determined for a particular Put. If the number of Estimated Put Shares initially delivered to Investor is greater than the number
of Put Shares purchased by Investor pursuant to such Put, then, immediately after the Valuation Period, the Investor shall deliver
to the Company any excess Estimated Put Shares associated with such Put. If the number of Estimated Put Shares delivered to Investor
is less than the Put Shares purchased by Investor pursuant to a Put, then immediately after the Valuation Period the Company shall
deliver to Investor the difference between the Estimated Put Shares and the Put Shares issuable pursuant to such Put. If the Investment
Amount delivered to the Escrow Agent is greater than the Investment Amount established at the end of the Valuation Period by reason
of the 2,300,000 Put Share limitation, the Escrow Agent shall promptly return to the Investor, by wire transfer of immediately
available funds, the difference between the amount delivered to the Escrow Agent and the Investment Amount established at the
end of the Valuation Period. Concurrently, the Escrow Agent shall deliver the balance of the Investment Amount being held by it
to the Company by wire transfer of immediately available funds. If no part of the Investment Amount delivered to the Escrow Agent
is subject to return to the Investor at the end of the Valuation Period, the full amount then held by the Escrow Agent shall be
immediately delivered to the Company by wire transfer of immediately available funds. The Closing of a Put shall occur on the
Trading Day (the “Closing Date”) in which the Purchase Price has been established and the Put Share and payment adjustments
provided for above have been made. In addition, on or prior to such Closing Date, each of the Company, Investor and the Escrow
Agent shall deliver to each other all documents, instruments and writings required to be delivered pursuant to this Agreement
or reasonably requested by any of them pursuant to this Agreement in order to implement and effect the transactions contemplated
herein.”

 

		4.	Section 4.10 of the Equity Purchase
                                         Agreement is hereby amended to read as follows:

 

“Section
4.10 DILUTION. The number of shares of Common Stock issuable as Put Shares may increase substantially in certain circumstances,
including, but not necessarily limited to, the circumstance wherein the trading price of the Common Stock declines during the
period between the Effective Date and the end of the Commitment Period. The Company’s executive officers and directors have
studied and fully understand the nature of the transactions contemplated by this Agreement and recognize that they have a potential
dilutive effect. The board of directors of the Company has concluded in its good faith business judgment that such issuance is
in the best interests of the Company. The Company specifically acknowledges that its obligation to issue the Put Shares is binding
upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests of other shareholders
of the Company.”

 

    	 

    	 

    

  

		5.	Section 9.1 of the Equity Purchase
                                         Agreement is hereby amended to read as follows:

 

“Section
9.1 NOTICES. All notices, demands, consents, approvals, and other requests, communications required or permitted hereunder shall
be in writing and, unless otherwise specified herein, shall be (a) personally served, (b) deposited in the mail, registered or
certified, return receipt requested, postage prepaid, (c) delivered by reputable air courier service with charges prepaid, or
(d) transmitted by hand delivery, telegram, or electronic mail as a PDF, addressed as set forth below or to such other address
as such party shall have specified most recently by written notice given in accordance herewith. Any notice or other communication
required or permitted to be given hereunder shall be deemed effective (i) upon hand delivery or delivery by electronic mail as
a PDF, at the address below (if delivered on a business day during normal business hours where such notice is to be received),
or the first business day following such delivery (if delivered other than on a business day during normal business hours where
such notice is to be received) or (ii) on the second business day following the date of mailing by express courier service or
on the fifth business day after deposited in the mail, in each case, fully prepaid, addressed to such address, or upon actual
receipt of such mailing, whichever shall first occur.

 

The addresses
for such communications shall be:

 

If to the Company:

 

Eventure Interactive,
Inc.

3420 Bristol
Street, 6th Floor

Costa Mesa,
CA 92626

Attn: Gannon
Giguiere, CEO

(ggiguiere@eventure.com)

 

If to Investor:

 

Kodiak Capital
Group, LLC

260 Newport
Center Drive

Newport Beach,
CA 92660

(ryan@kodiak-capital.us)

 

If to the Escrow
Agent:

 

The Luthmann
law Firm, PLLC

1811 Victory
Boulevard

Staten Island,
NY 10314

Attn: Richard
A. Luthmann, Esq.

(rluthmann@luthmannfirm.com)

 

Any party hereto
may from time to time change its address or electronic mail for notices under this Section 9.1 by giving at least ten (10) days’
prior written notice of such changed address or electronic mail to the other parties hereto.”

 

    	 

    	 

    

  

 

		6.	Exhibit A to the Equity Purchase Agreement
                                         is hereby amended to read as follows:

 

“EXHIBIT
A

 

FORM OF PUT
NOTICE

 

TO: KODIAK
CAPITAL GROUP, LLC

 

We refer to
the Equity Purchase Agreement dated July 23, 2014, as amended (the “Agreement”) entered into by EVENTURE INTERACTIVE,
INC. (the “Company”) and you. Capitalized terms defined in the Agreement shall, unless otherwise defined, have the
same meaning when used herein.

 

We hereby:

 

1 - Give you
notice that we require you to purchase $__________ (the “Investment Amount”) in Put Shares; and

 

2 - Certify
that, as of the date hereof, to the best of our knowledge, the conditions set forth in Section 7.2 of the Agreement are satisfied.

 

Date: _____________,
20__

 

	EVENTURE INTERACTIVE, INC.	 
	 	 
	By:	 	 
	Name: Gannon Giguiere	 
	Title: Chief Executive Officer”	 

 

		7.	The Amendment is hereby made a part
                                         of and incorporated into the Equity Purchase Agreement, with all of the terms and conditions
                                         of the Equity Purchase Agreement remaining in full force and effect.

 

		8.	This Amendment may be executed in multiple
                                         counterparts, each of which may be executed by less than all of the parties and shall
                                         be deemed to be an original instrument which shall be enforceable against the parties
                                         actually executing such counterparts and all of which together shall constitute one and
                                         the same instrument. The exchange of copies of this Amendment and of signature pages
                                         by facsimile transmission or in pdf format shall constitute effective execution and delivery
                                         of this Amendment as to the parties and may be used in lieu of the original Amendment
                                         for all purposes. Signatures of the parties transmitted by facsimile or in pdf format
                                         shall be deemed to be their original signatures for all purposes.

 

[Signature Page Follows]

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Amendment as of the date first set forth above.

 

	 	EVENTURE INTERACTIVE, INC
	 	 
	 	By:	/s/ Gannon K. Giguiere
	 	Name:  Gannon K. Giguiere
	 	Title:  Chief Executive Officer
	 	 
	 	KODIAK CAPITAL GROUP, LLC
	 	 
	 	By:	/s/ Ryan Hodson
	 	Name:  Ryan Hodson
	 	Title:  Managing Member
	 	 
	 	ESCROW AGENT:
	 	 
	 	THE LUTHMANN LAW FIRM PLLC
	 	 
	 	By:	/s/ Richard Luthmann
	 	Name:  Richard Luthmann
	 	Title:Copy of NFBK-2014 6.30 Ex 10.1

Exhibit 10.1

STOCK OPTION

Granted by

NORTHFIELD BANCORP, INC.

under the

NORTHFIELD BANCORP, INC.
2014 EQUITY INCENTIVE PLAN

This stock option agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the 2014 Equity Incentive Plan (the “Plan”) of Northfield Bancorp, Inc. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement.  A copy of the Plan has been provided to each person granted a stock option pursuant to the Plan.  The holder of this Option (the “Participant”) hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the committee appointed to administer the Plan (“Committee”) or the Board will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns.  Capitalized terms used herein but not defined will have the same meaning as in the Plan.
1.    Name of Participant: ___________________ 
2.        Date of Grant:     June 11, 2014  
3.        Exercise Price per Share:    $  $13.13    
4.        Total number of shares of Company common stock, $0.01 par value per share, that may be acquired pursuant to this Option:
______________ (subject to adjustment pursuant to Section 10 hereof).  The Option will be an Incentive Stock Option to the maximum extent permitted under the tax laws, which means that up to $100,000 of Options that vest in any one calendar year will be Incentive Stock Options (based on the exercise price of the Option).  
Example:  A participant is granted 140,000 Options that vest in equal installments of 28,000 Options per year over a 5 year period.  The exercise price is $10.89, which is equal to the fair market value of the stock on the date of grant.  Since $10.89 multiplied by 28,000 (the number of Options that vest each year) is $304,920.00,  some of the Options that vest each year will not be Incentive Stock Options.  Based on a $10.89 exercise price, the maximum number of Incentive Stock Options that can vest for any one year is 9,182 ($100,000 ÷ $10.89 = 9,182 (fractional shares are not included)).  The remainder will be Non-Statutory Stock Options.  
Please note that for purposes of determining the maximum number of Options that can vest in any one calendar year as Incentive Stock Options, the Options granted to you in this Agreement that vest in a calendar year will be aggregated with any earlier Option Award that you received that vest in the same calendar year.  If you vest in the maximum number of Incentive Stock Options in which you are permitted to vest for a calendar year 

    

under a prior Option Award, all Options that you receive under this Agreement that vest in the same calendar year will be considered Non-Statutory Stock Options.
		
	5.
	    Expiration Date of Option:   June 11, 2024  , subject to earlier expiration due to Termination of Service.   

		
	6.
	Vesting Schedule.  Unless sooner vested in accordance with the terms of this Award Agreement, the Options granted hereunder shall vest (i.e., become exercisable) in accordance with the following:   

	
			
	

Percentage of
Option Vested
	

Number of Shares Available for Exercise
	

Vesting Date

	20%
20%
20%
20%
20%
	###___###
###___###
###___###
###___###
###___###

	June 11, 2015
June 11, 2016
June 11, 2017
June 11, 2018
June 11, 2019

This Option may not be exercised at any time on or after the Option’s expiration date. Vesting will automatically accelerate pursuant to Section 2.6, 2.9 and 4.1 of the Plan (in the event of death or Disability or Involuntary Termination following a Change in Control).
7.    Exercise Procedure.  This Option will be exercised in whole or in part by the Participant’s delivery to the Company of written notice (the “Notice of Exercise of Option” attached hereto as Exhibit A) setting forth the number of shares with respect to which this Option is to be exercised, together with payment by cash or other means acceptable to the Committee. 
8.    Delivery of Shares.

		
	8.1
	Delivery of Shares.  Delivery of shares of Common Stock upon the exercise of this Option will comply with all applicable laws (including the requirements of the Securities Act) and the applicable requirements of any securities exchange or similar entity.

9.    Change in Control.  

9.1    In the event of the Participant’s Involuntary Termination following a Change in Control, all Options held by the Participant, whether or not exercisable at such time, will become fully exercisable, subject to the expiration provisions otherwise applicable to the Option.

		
	9.2
	A “Change in Control” will be deemed to have occurred as provided in Section 4.2 of the Plan.

 
10.    Adjustment Provisions.
This Option, including the number of shares subject to the Option and the exercise price, will be adjusted upon the occurrence of the events specified in, and in accordance with the provisions of Section 3.4 of the Plan.

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11.    Termination of Option and Accelerated Vesting.  
This Option will terminate upon the expiration date, except as set forth in the following  provisions:
		
	11.1
	Death.  This Option will become exercisable as to all shares subject to an outstanding Award, whether or not then exercisable, in the event of the Participant’s Termination of Service by reason of the Participant’s death.  This Option may thereafter be exercised by the Participant’s legal representative or beneficiaries for a period of one year following Termination of Service due to death or the remaining unexpired term of the Option, if less. 

		
	11.2
	Disability.  This Option will become exercisable as to all shares subject to an outstanding Award, whether or not then exercisable, in the event of the Participant’s Termination of Service by reason of the Participant’s Disability. This Option may thereafter be exercised for a period of one year following Termination of Service due to Disability or the remaining unexpired term of the Option, if less. 

		
	11.3
	Retirement.  If the Participant’s Service terminates due to Retirement, this Option may thereafter be exercised, to the extent it was exercisable at the time of such termination, for a period of one year following Termination of Service due to Retirement or the remaining unexpired term of the Option, if less.  All unvested Options will be forfeited.

		
	11.4
	Termination for Cause.  In the event of the Participant’s Termination of Service for Cause, all Options that have not been exercised will expire and be forfeited.  

		
	11.5
	Other Termination.  In the event of the Participant’s Termination of Service for any reason other than due to death, Disability, Retirement or for Cause, this Option may thereafter be exercised, to the extent it was exercisable at the time of such termination, for a period of three months following termination, subject to termination on the Option’s expiration date, if earlier.  All unvested Options will be forfeited.

		
	11.6
	Incentive Option Treatment.  The Incentive Stock Options granted hereunder are subject to the requirements of Section 421 of the Internal Revenue Code.  No Option will be eligible for treatment as an Incentive Stock Option in the event such Option is exercised more than three months following Termination of Service (except in the case of Termination of Service due to Disability).  In order to obtain Incentive Stock Option treatment for Options exercised by heirs or devisees of the Participant, the Participant’s death must have occurred while the Participant was employed or within three months of the Participant’s Termination of Service. 

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12.    Miscellaneous.

		
	12.1
	No Option will confer upon the Participant any rights as a stockholder of the Company prior to the date on which the individual fulfills all conditions for receipt of such rights.

		
	12.2
	This Agreement may not be amended or otherwise modified unless evidenced in writing and signed by the Company and the Participant.

		
	12.3
	Except as otherwise provided by the Committee, Incentive Stock Options under the Plan are not transferable except (1) as designated by the Participant by will or by the laws of descent and distribution, (2) to a trust established by the Participant, or (3) between spouses incident to a divorce or pursuant to a domestic relations order, provided, however,  that in the case of a transfer described under (3), the Option will not qualify as an Incentive Stock Option as of the day of such transfer.

		
	12.4
	This Option will be governed by and construed in accordance with the laws of the State of New Jersey.

		
	12.5
	The granting of this Option does not confer upon the Participant any right to be retained in the employ of the Company or any subsidiary.

		
	12.6
	An Option that is exercised as an Incentive Stock Option is not subject to ordinary income taxes so long as it is held for the requisite holding period, e.g., two (2) years from the date of grant of the Option and one (1) year from the date of exercise, whichever is later.  A Non-Qualified Stock Option will be subject to income tax withholding at the time of exercise.  Upon the exercise of a Non-Statutory Stock Option, the Participant shall have the right to direct the Company to satisfy the minimum required federal, state and local tax withholding by reducing the number of shares of Stock subject to the Non-Qualified Stock Option (without issuance of such shares of Stock to the Stock Option holder) by a number equal to the quotient of (a) the total minimum amount of required tax withholding divided by (b) the excess of the Fair Market Value of a share of Stock on the exercise date over the Exercise Price per share of Stock.

		
	12.7
	This Stock Option Award, or any portion of this Award, is subject to forfeiture in accordance with the requirements of Section 7.17 of the Plan.

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IN WITNESS WHEREOF, the Company has caused this instrument to be executed in its name and on its behalf as of the date of grant of this Option set forth above.
NORTHFIELD BANCORP, INC.
By:                          
Its:                          

PARTICIPANT’S ACCEPTANCE
The undersigned hereby accepts the foregoing Option and agrees to the terms and conditions hereof, including the terms and provisions of the 2014 Equity Incentive Plan.  The undersigned hereby acknowledges receipt of a copy of the Company’s 2014 Equity Incentive Plan.
PARTICIPANT

                        

Schedule

The above form of Stock Option Agreement was signed by the following Named Executive Officers of Northfield Bancorp, Inc.:  Kenneth J. Doherty (207,000 shares), Michael J. Widmer (170,000 shares), and William R. Jacobs (47,000 shares). 

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EXHIBIT A

NOTICE OF EXERCISE OF OPTION 
(BY EMPLOYEE)

I hereby exercise the stock option (the “Option”) granted to me by Northfield Bancorp, Inc. (the “Company”) or its affiliate, subject to all the terms and provisions set forth in the Stock Option Agreement (the “Agreement”) and the Northfield Bancorp, Inc. 2014 Equity Incentive Plan (the “Plan”) referred to therein, and notify you of my desire to purchase __________________ shares of common stock of the Company (“Common Stock”) for a purchase price of $_______ per share.

I wish to pay the purchase price by (check one or more, as applicable):
[Any payment to be delivered must accompany this Notice of Exercise of Option]

		
	___
	Cash or personal, certified or cashier’s check in the sum of $_______, in full/partial payment of the purchase price.

		
	___
	Stock of the Company with a fair market value of $______ in full/partial payment of the purchase price.*

		
	___
	A “net settlement” of the Option whereby I direct the Company to withhold a sufficient number of shares to satisfy the purchase price.  [  ]  Withhold a sufficient number of shares to pay minimum required taxes  [  ]  Calculate minimum required withholding and I will submit payment.

		
	___
	A check (personal, certified or cashier’s) in the sum of $_______ and stock of the Company with a fair market value of $______, in full payment of the purchase price.*

		
	___
	Please sell ______ shares from my Option shares through my broker in full/partial payment of the purchase price.  If my broker requires additional forms in order to consummate this “broker cashless exercise,” I have included them with this election.

I understand that after this exercise, ____________ shares of Common Stock remain subject to the Option, subject to all terms and provisions set forth in the Agreement and the Plan.
I hereby represent that it is my intention to acquire these shares for the following purpose:
___    investment
___    resale or distribution

Please note: if your intention is to resell (or distribute within the meaning of Section 2(11) of the Securities Act of 1933) the shares you acquire through this Option exercise, the Company or transfer agent may require an opinion of counsel that such resale or distribution would not violate the Securities Act of 1933 prior to your exercise of such Option.
Date: ____________, _____.        _________________________________________
Participant’s signature

*    If I elect to exercise by exchanging shares I already own, I will constructively return shares that I already own to purchase the new option shares.  If my shares are in certificate form, I must attach a separate statement indicating the certificate number of the shares I am treating as having been exchanged.  If the shares are held in “street name” by a registered broker, I must provide the Company with a notarized statement attesting to the number of shares owned that 

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will be treated as having been exchanged.  I will keep the shares that I already own and treat them as if they are shares acquired by the option exercise.  In addition, I will receive additional shares equal to the difference between the shares I constructively exchange and the total new option shares that I acquire.

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