Document:

ex_100387.htm

Exhibit 10.1

 

 

AMENDMENT TO SECURITIES PURCHASE AGREEMENT 

 

This AMENDMENT TO SECURITIES PURCHASE AGREEMENT (this “Amendment”) is made as of August 4, 2017 (the “Effective Date”), among CurAegis Technologies, Inc., a New York corporation (the “Company”), and each Purchaser executing a signature page to this Amendment. All capitalized terms used but not defined in this Amendment shall have the meanings set forth in the Securities Purchase Agreement (as defined below). 

 

RECITALS 

 

WHEREAS, the Company and each Purchaser executing a signature page to this Amendment, are parties to that certain Securities Purchase Agreement, dated as of May 31, 2017 (the “Securities Purchase Agreement”); and 

 

WHEREAS, pursuant to Section 8.7 of the Securities Purchase Agreement, the Securities Purchase Agreement may be amended upon the consent of the Company and Purchasers representing a majority of the outstanding Securities (the “Required Consent”), and the undersigned constitute the Required Consent. 

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Amendment, intending to be legally bound, agree as follows: 

 

Section 1.     Amendment. 

 

1.01.     Section 2.3(ii). The phrase “a Warrant, duly executed by the Company, issued in the name of such Additional Purchaser to purchase the number of shares of Common Stock equal to 10% of the number of shares of Common Stock initially issuable on conversion of such Additional Purchaser’s Note” in Section 2.3(ii) of the Securities Purchase Agreement is hereby amended and restated in its entirety as follows: 

 

“a Warrant, duly executed by the Company, issued in the name of such Additional Purchaser to purchase the number of shares of Common Stock equal to (A) 10% of the number of shares of Common Stock initially issuable on conversion of such Additional Purchaser’s Note, or (B) in the event the principal amount of such Additional Purchaser’s Note equals or exceeds $500,000, 25% of the number of shares of Common Stock initially issuable on conversion of such Additional Purchaser’s Note” 

 

1.2.     Except as otherwise specifically provided herein, all terms, provisions and conditions of the Securities Purchase Agreement remain in full force and effect. To the extent the terms, provisions or conditions of this Amendment and those of the Securities Purchase Agreement are in conflict, the terms, provisions or conditions of this Amendment shall supersede those of the Securities Purchase Agreement. This Amendment shall be attached to and become a part of the Securities Purchase Agreement, and from and after the date hereof, references to the Securities Purchase Agreement shall mean the Securities Purchase Agreement as amended by this Amendment. 

 

 

 

 

Section 2.     Miscellaneous. 

 

2.1.      This Amendment contains the entire agreement and understanding among the parties hereto concerning the subject matter herein and supersedes all prior agreements, written or oral, concerning the subject matter herein and there are no oral understandings, statements or stipulations bearing upon the effect of this Amendment which have not been incorporated herein. 

 

2.2      This Amendment may be executed simultaneously in one or more counterparts, each one of which shall be deemed an original, but all of which together shall constitute one and the same instrument. A signed copy of this Amendment delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Amendment. 

 

[signature page follows] 

 

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IN WITNESS WHEREOF, the Company and the Purchasers executing a signature page hereto have executed this Amendment effective as of the Effective Date. 

 

	 	
			CURAEGIS TECHNOLOGIES, INC.

			 

			
	 	
			By: _____________________

			Name:  Kathleen A. Browne 

			Title:  Chief Financial Officer 

			

 

	 	
			PURCHASERS: 

			 

			
	 	
			_______________________________

			
	 	 
	 	
			_______________________________

			
	 	 
	 	
			_______________________________

			
	 	 
	 	
			_______________________________

			
	 	 
	 	
			_______________________________

			
	 	 
	 	
			_______________________________

			
	 	 
	 	
			_______________________________

			
	 	 
	 	
			_______________________________

			
	 	 
	 	
			_______________________________

			
	 	 
	 	
			_______________________________

			

 

 

3ex_100388.htm

Exhibit 10.2

 

 

AMENDMENT TO EMPLOYMENT AGREEMENT 

 

This AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is entered into as of November __, 2017, and made effective as of January 1, 2017 (the “Effective Date”), between CurAegis Technologies, Inc., a New York corporation (the “Company”), and Richard A. Kaplan (“Executive”). All capitalized terms used but not defined in this Amendment shall have the meanings set forth in the Employment Agreement (as defined below). 

 

RECITALS 

 

WHEREAS, the Company and Executive are parties to that certain Employment Agreement, dated as of October 4, 2010 (as amended by that certain Letter Amendment to Employment Agreement, made as of March 24, 2016, by and between the Company and the Executive, the “Employment Agreement”); and

 

WHEREAS, pursuant to Section 6.5 of the Employment Agreement, the Employment Agreement may be amended in writing by the Company and the Executive. 

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Amendment, intending to be legally bound, agree as follows: 

 

Section 1.     Amendment. 

 

1.1     Section 3.5.   Section 3.5 of the Employment Agreement is hereby deleted in its entirety and replaced, effective as of the Effective Date, with the following:

 

“3.5  Expense Allowance Reimbursement and Auto Allowance. In addition to his Base Compensation, Executive shall receive an expense allowance of not less than $10,000 per annum, payable as spent. The Company shall promptly reimburse Executive for all reasonable and documented expenses incurred by Executive in connection with the performance of Executive’s duties hereunder in accordance with its regular reimbursement policies as in effect from time to time. The Company shall also pay Executive a monthly automobile allowance of $1,250.” 

 

1.2      Except as otherwise specifically provided herein, all terms, provisions and conditions of the Employment Agreement remain in full force and effect. To the extent the terms, provisions or conditions of this Amendment and those of the Employment Agreement are in conflict, the terms, provisions or conditions of this Amendment shall supersede those of the Employment Agreement. This Amendment shall be attached to and become a part of the Employment Agreement, and from and after the date hereof, references to the Employment Agreement shall mean the Employment Agreement as amended by this Amendment. 

 

 

 

 

Section 2.     Miscellaneous. 

 

2.1.      This Amendment contains the entire agreement and understanding among the parties hereto concerning the subject matter herein and supersedes all prior agreements, written or oral, concerning the subject matter herein and there are no oral understandings, statements or stipulations bearing upon the effect of this Amendment which have not been incorporated herein. 

 

2.2      This Amendment may be executed simultaneously in one or more counterparts, each one of which shall be deemed an original, but all of which together shall constitute one and the same instrument. A signed copy of this Amendment delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Amendment. 

 

[signature page follows]

 

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IN WITNESS WHEREOF, the Company and the Purchasers executing a signature page hereto have executed this Amendment effective as of the Effective Date. 

 

	 	
			CURAEGIS TECHNOLOGIES, INC.

			 

			
	 	
			By: _____________________

			Name: Kathleen A. Browne

			Title: Chief Financial Officer

			

 

	 	
			EXECUTIVE: 

			 

			
	 	
			_______________________________

			Richard A. Kaplan

			

 

 

3Exhibit 4.1.2

 

EXECUTION VERSION

 

PASSPORT SPECIAL OPPORTUNITIES MASTER FUND, L.P.

 

November 13, 2017

 

Overstock.com, Inc.

799 W. Coliseum Way

Midvale, Utah 84047

Attn: Glen Nickle

 

Re:  Amendment to Warrant W-2 Issued November 8, 2017

 

Ladies and Gentlemen:

 

Passport Special Opportunities Master Fund, L.P. (“Passport”), and Overstock.com, Inc., a Delaware corporation (the “Company”), are entering into this letter agreement (this “Amendment”) in order to amend numbered paragraph 1 of the Warrant To Purchase Shares of Common Stock of Overstock.com, Inc. numbered W-2 and issued November 8, 2017 by the Company to Passport (the “Warrant”).  Each capitalized term used and not otherwise defined herein shall have the meaning ascribed to it in the Warrant.

 

1.                                      Amendment.  Numbered paragraph 1 of the Warrant is hereby amended and restated to read in its entirety as follows:

 

“Term.  The right to subscribe for and purchase shares of Warrant Stock represented hereby shall commence on November 8, 2017 and shall expire at 5:00 p.m., Eastern time, on February 7, 2018 (such period being the “Term”); provided, however, that, if Holder shall determine that any filing under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR”) shall be required, the expiration date of this Warrant shall be extended to 5:00 p.m., Eastern time, on the business day following the earlier of the expiration or early termination of the waiting period or the receipt of clearance by the agency responsible for HSR review; provided further, however, that it shall be a condition to any such extension of the expiration date of this Warrant that, on or before 5:00 p.m., Eastern time, on February 7, 2018, Holder shall have (a) delivered irrevocable notice of exercise of this Warrant in whole or in part in accordance with the terms hereof and (b) deposited an amount of consideration equal to the Warrant Price in effect on the date of such notice multiplied by the number of shares of Warrant Stock with respect to which this Warrant is then being exercised into an escrow account with an escrow agent and pursuant to an escrow agreement reasonably satisfactory to the Company and Passport.  Any such extension of the expiration date of this Warrant shall be effective only with respect to the number of shares of Warrant Stock as to which such irrevocable notice of exercise has been delivered as described herein.

 

2.                                      Effective Date; Ratification. The amendment set forth in numbered paragraph 1 of this Amendment shall be deemed effective immediately after the execution and delivery of the Warrant on and as of November 8, 2017. Except as set forth in numbered paragraph 1 of this

 

 

Amendment, the terms of the Warrant shall remain in effect and are hereby ratified in all respects.

 

3.                                      Miscellaneous.

 

(a)                                 Holder shall attach a copy of this Amendment to the Warrant, and any new or replacement Warrants issued pursuant to the terms of the Warrant shall have a copy of this Amendment attached thereto.

 

(b)                                 Each party represents and warrants to the other party hereto with respect to itself that this Amendment has been duly and validly authorized, executed and delivered and constitutes a valid, binding and enforceable agreement of such party in accordance with its terms, except as the same may be subject to bankruptcy, insolvency, reorganization, moratorium or similar laws from time to time in effect affecting the enforceability generally of the rights of creditors.

 

(c)                                  This Amendment may be executed in two or more counterparts (including by facsimile), each of which shall be deemed an original and all of which together shall be considered one and the same agreement.

 

(d)                                 This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York without regard to the laws that might otherwise apply under applicable principles of conflicts of laws.

 

[Signature Page Next]

 

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If you are in agreement with the foregoing, please signify your acceptance of the agreements contained herein by executing this Amendment in the space provided below and returning an executed copy to the undersigned.

 

	
 
    	
Very   truly yours,
    
	
 
    	
 
    
	
 
    	
PASSPORT SPECIAL OPPORTUNITIES MASTER FUND, L.P.
    
	
 
    	
 
    
	
 
    	
By:   Passport Capital, LLC, its investment advisor
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Joanne Poile
    
	
 
    	
 
    	
Name:   Joanne Poile
    
	
 
    	
 
    	
Title:   Chief Operating Officer
    

 

Accepted and agreed as of the date first above written:

 

	
OVERSTOCK.COM, INC.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ E. Glen Nickle
    	
 
    
	
 
    	
Name: E. Glen Nickle
    	
 
    
	
 
    	
Title:  Vice   President and General Counsel

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