Document:

Exhibit 10.59

 

JetPay Corporation

3939 West Drive

Center Valley, Pennsylvania 18034

 

March 23, 2017

 

VIA FACSIMILE & OVERNIGHT DELIVERY

 

Flexpoint Fund II, L.P.

c/o Flexpoint Ford, LLC

676 N. Michigan Avenue, Suite 3300

Chicago, IL 60611

Facsimile No.: (312) 327-4525

		Attention:	Charles E. Glew

Steven M. Michienzi

 

Sundara Investment Partners, LLC

725 Eagle Farm Road

Villanova, PA 19085

Facsimile No.:

		Attention:	Laurence L. Stone

 

Gentlemen:

 

Reference is hereby
made to that certain Amended and Restated Securities Purchase Agreement dated as of October 18, 2016 (the "Purchase Agreement"),
by and among JetPay Corporation, a Delaware corporation (the "Company"), Flexpoint Fund II, L.P., a Delaware limited
partnership ("Flexpoint"), and Sundara Investment Partners, LLC, a Delaware limited liability company (“Sundara”
and together with Flexpoint, the “Purchasers”). Reference is hereby also made to that certain letter dated November
16, 2016 from Flexpoint to the Company on behalf of the Purchasers which provided notice of a claim for indemnification with respect
to the Direct Air Matter (the "Claim Notice"). Capitalized terms used but not otherwise defined herein shall have
the meanings set forth in the Claim Notice, or if not defined therein, the Purchase Agreement.

 

The purpose of this
letter agreement is to document an adjustment to the Conversion Price (as defined in the Certificate of Designation) applicable
to the Preferred Stock of the Company held by the Purchasers as a result of the claims described in the Claim Notice. In accordance
with Section 10.2(d) of the Purchase Agreement, the parties hereby agree that the Conversion Price applicable to the Preferred
Stock of the Company held by the Purchasers shall be reduced to a price per share equal to $2.36 (the "Adjusted Conversion
Price"), which reduction is being made in respect of the Indemnified Liabilities identified to date by the Company with
respect to the Direct Air Matter. The parties each acknowledge and agree that the above-described Conversion Price adjustment is
being made pursuant to Section 10.2(d) of the Purchase Agreement with respect to the Direct Air Matter and the Aggregate Direct
Air Liabilities incurred as a result thereof and not as a settlement of claims. Accordingly, the Purchasers are not waiving their
rights under the Purchase Agreement to indemnification for any Indemnified Liabilities not taken into account in calculating the
Adjusted Conversion Price, whether because of inaccuracies in the accounting of the amount of Aggregate Direct Air Liabilities,
the discovery of new information, or otherwise (including, without limitation, any new or different claims not related to the Direct
Air Matter).

 

     

     

    

 

Notwithstanding the foregoing or anything
to the contrary in the Purchase Agreement, the Purchasers hereby agree that the Conversion Price applicable to the Preferred Stock
of the Company held by the Purchasers shall be subject to increase upon a successful recovery of funds by the Company as a result
of its lawsuit against Valley National Bank, Civil Action No. 2:14-cv-7827 (D. N.J.)., related to the Direct Air Matter, which
adjustment shall be calculated in a manner substantially similar to the procedure set forth in Section 10.2(d) of the Purchase
Agreement, with such modifications as are necessary to calculate an increase to the Conversion Price rather than a reduction thereof.
Except as provided herein, all other provisions of the Purchase Agreement remain unchanged and in full force and effect.

 

[Signature page follows]

 

     

     

    

 

	 	 	 	jetpay corporation
	 	 	 	 	 
	 	 	 	By: 	/s/ Gregory M. Krzemien
	 	 	 	Name: 	Gregory M. Krzemien
	 	 	 	Its: 	Chief Financial Officer
	 	 	 	 	 
	Acknowledged, agreed and accepted	 	 	 
	as of the date first written above:	 	 	 
	 	 	 	 	 
	FLEXPOINT FUND II, L.P.	 	 	 
	 	 	 	 	 
	By:	Flexpoint Management II, L.P.	 	 	 
	Its: 	General Partner	 	 	 
	 	 	 	 	 
	By:	Flexpoint Ultimate Management II, LLC	 	 	 
	Its: 	General Partner	 	 	 
	 	 	 	 	 
	By: 	/s/ Donald J. Edwards	 	 	 
	Name: 	Donald J. Edwards	 	 	 
	Its: 	Manager	 	 	 
	 	 	 	 	 
	Sundara Investment Partners, LLC	 	 	 
	 	 	 	 	 
	By:	/s/ Laurence L. Stone	 	 	 
	Name: 	Laurence L. Stone	 	 	 
	Its: 	Chief Executive OfficerExhibit 10.60

 

March 23, 2017

 

VIA FACSIMILE & OVERNIGHT DELIVERY

  

Ithan Creek Master Investors (Cayman)
L.P. 280 Congress Street Boston, MA 02210 Facsimile No.: (617) 289-5699

 

Attention: Legal Department

 

Gentlemen and Ladies:

 

Reference is hereby made to that certain
Securities Purchase Agreement dated as of May 1, 2014 (the "Purchase Agreement"), by and among JetPay Corporation,
a Delaware corporation (the "Company"), and each purchaser identified on the signature pages thereto (each a “Purchaser”)
and collectively, the “Purchasers”). Capitalized terms used but not otherwise defined herein shall have the
meanings set forth in the Purchase Agreement.

 

The purpose of this letter agreement is to document an adjustment
to the Conversion Price (as defined in the Certificate of Designation) applicable to the Preferred Stock of the Company held by
the Purchasers as a result of claims related to the Direct Air Matter. The Company hereby represents to each

Purchaser that the amounts of all of the Indemnified
Liabilities incurred by the Company as a result of the Direct Air Matter are as set forth on Exhibit A hereto, which Exhibit
A also describes the adjustment to the Conversion Price. In accordance with Section 10.2(d) of the Purchase Agreement, the
parties hereby agree that the Conversion Price applicable to the Preferred Stock of the Company held by the Purchasers shall
be reduced to a price per share equal to $2.45 (the "Adjusted Conversion Price"), which reduction is being
made in respect of the Indemnified Liabilities identified to date by the Company with respect to the Direct Air Matter
provided, however, each Purchaser’s agreement set forth in this sentence is based solely on the Company’s
representation set forth in the immediately preceding sentence and that no Purchaser has carried out an independent
investigation of the amounts of the Indemnified Liabilities incurred by the Company as a result of the Direct Air Matter. The
parties each acknowledge and agree that the above-described Conversion Price adjustment is being made pursuant to Section
10.2(d) of the Purchase Agreement with respect to the Direct Air Matter and the Indemnified Liabilities incurred as a result
thereof and not as a settlement of claims. Accordingly, the Purchasers are not waiving their rights under the Purchase
Agreement to indemnification for any Indemnified Liabilities not taken into account in calculating the Adjusted Conversion
Price, whether because of inaccuracies in the accounting of the amount of such Indemnified Liabilities, the discovery of new
information, or otherwise (including, without limitation, any new or different claims not related to the Direct Air
Matter).

 

 

3939 West Valley Drive |
Center Valley, PA 18034 | P. 484.324.7980 |JETPAY.COM

 

     

     

    

 

 

 

Notwithstanding the foregoing or anything to the contrary in
the Purchase Agreement, the Purchasers hereby agree that the Conversion Price applicable to the Preferred Stock of the Company
held by the Purchasers shall be subject to increase upon a successful recovery of funds by the Company as a result of its lawsuit
against Valley National Bank, Civil Action No. 2:14-cv-7827 (D. N.J.)., related to the Direct Air Matter, which adjustment shall
be calculated in a manner substantially similar to the procedure set forth in Section 10.2(d) of the Purchase Agreement, with such
modifications as are necessary to calculate an increase to the Conversion Price rather than a reduction thereof. Except as provided
herein, all other provisions of the Purchase Agreement remain unchanged and in full force and effect.

 

jetpay
corporation

 

By: /s/ Peter B. Davidson

 

Name: Peter B. Davidson

Its:     Vice Chairman and Secretary

 

Acknowledged, agreed and accepted

 

as of the date first written above:

 

By: Ithan Creek Master Investors
(Cayman) L.P.

 

By: /s/ Emily Babalas

 

Name: Emily Babalas

 

Its: Managing Director and Counsel

 

 

3939 West Valley Drive |
Center Valley, PA 18034 | P. 484.324.7980 |JETPAY.COMExhibit 10.1

 

AMENDMENT #3 TO CONTRACT

 

AGREEMENT, made and entered into this __ day of March,
2017, by and between NioCorp Developments Ltd., of 7000 South Yosemite Street, Suite115, Centennial, CO 80112 (hereinafter
referred to as "NioCorp") and Lind Asset Management IV, LLC, of 370 Lexington Ave, Suite 1900, New York, NY 10017
(hereinafter referred to as "Lind").

 

WITNESSETH

 

WHEREAS, NioCorp and Lind have previously entered into
that certain "Convertible Security Funding Agreement" dated December 14, 2015, as amended by Amendment #1 To Contract
dated September 26, 2016 and Amendment #2 To Contract dated December 20, 2016 (hereinafter collectively referred to as the "Contract");
and

 

WHEREAS, NioCorp and Lind wish to further amend the terms
and conditions of the Contract as hereinafter provided;

 

NOW THEREFORE, in consideration of the mutual covenants
and promises herein contained and other good and valuable consideration, each to the other in hand paid, NioCorp and Lind agree
that:

 

The definition of the word “Term” as it appears
in Section 1.1 of the Contract is hereby deleted and replaced in its entirety with the following:

 

Term means:

 

		(a)	in respect of the First Convertible Security, the period commencing from the First Closing Date and ending on the date that
is the earlier of: (i) thirty (30) months from the First Closing Date; or (ii) thirty (30) calendar days after the date on which
there is nil Amount Outstanding for the First Convertible Security due to the Amount Outstanding having been fully converted and/
or fully repaid (including with any applicable premium); and

 

		(b)	in respect of the Second Convertible Security, the period commencing from the Second Closing Date and ending on the date that
is the earlier of: (i) twenty-four (24) months from the Second Closing Date; or (ii) thirty (30) calendar days after the date on
which there is nil Amount Outstanding for the Second Convertible Security due to the Amount Outstanding having been fully converted
and/ or fully repaid (including with any applicable premium).

 

		(c)	In respect of the Subsequent First Convertible Security at the Request of the Investor, the period commencing from the date
of the Subsequent First Convertible Security Closing at the Request of the Investor and ending on the date that is the earlier
of: (i) twenty-four (24) months from the date of the Subsequent First Convertible Security Closing at the Request of the Investor;
or (ii) thirty (30) calendar days after the date on which there is nil Amount Outstanding for the Subsequent First Convertible
Security at the Request of the Investor due to the Amount Outstanding having been fully converted and/ or fully repaid (including
with any applicable premium); and

 

     

     

    

 

		(d)	In respect of the Subsequent First Convertible Security at the Request of the Company, the period commencing from the date
of the Subsequent First Convertible Security Closing at the Request of the Company and ending on the date that is the earlier of:
(i) twenty-four (24) months from the date of the Subsequent First Convertible Security Closing at the Request of the Company; or
(ii) thirty (30) calendar days after the date on which there is nil Amount Outstanding for the Subsequent First Convertible Security
at the Request of the Company due to the Amount Outstanding having been fully converted and/ or fully repaid (including with any
applicable premium); and

 

Sections 2.1(c) and (d) of the Contract are hereby deleted and
replaced in their entirety with the following:

 

		(c)	at any time during the Term of the First Convertible Security,
so long as any part of the Face Value of the First Convertible Security remains outstanding, the Investor may (at its absolute
discretion) issue the Company with a written notice that it intends to increase the amount of the funding advanced under the First
Convertible Security (First Convertible Security Increase Notice from the Investor) and within five (5) Trading
Days of the issue of the First Convertible Security Increase Notice from the Investor, the Investor will advance to the Company,
in immediately available funds a further US$1,000,000 (subject to any additional set off in this Agreement) with an implied interest
rate of 10% per annum (being a Total Interest Amount of US$200,000 regardless of whether the Conversion and/or repayment of the
entire Amount Outstanding for the First Convertible Security occurs before the expiry of the Term, subject to clause 5.4(d)),
as additional consideration for the First Convertible Security, the Face Value of the First Convertible Security of which will
increase by US$1,200,000 (said amount representing a further funding amount of US$1,000,000 plus an implied interest amount of
US$200,000 and herein referred to as the Subsequent First Convertible Security at the Request of the Investor) (the
date on which such funds are received from the Investor by the Company constituting the Subsequent First Convertible Security
Closing at the Request of the Investor); 

 

		(d)	if the Amount Outstanding of the First Convertible Security
has been reduced by at least US$1,200,000 further to the exercise by the Investor of its conversion rights under clause 5.2 hereunder,
the Company may, within 90 days of the US$1,200,000 reduction, issue the Investor with a written notice requiring the Investor
to increase the amount of the funding advanced under the First Convertible Security (First Convertible Security Increase
Notice from the Company) and within thirty (30) Trading Days of the issue of the First Convertible Security Increase Notice
from the Company, the Investor will advance to the Company, subject to no prior or current Event of Default and provided that
at such time (i) the Market Capitalisation of the Company is above C$90,000,000, and (ii) the Company has at least US$1,000,000
of cash on its balance sheet in immediately available funds a further US$1,000,000 (subject to any additional set off in this
Agreement) with an implied interest rate of 10% per annum (being a Total Interest Amount of US$200,000 regardless of whether the
Conversion and/or repayment of the entire Amount Outstanding for the First Convertible Security occurs before the expiry of the
Term, subject to clause 5.4) as additional consideration for the First Convertible Security, the Face Value of the First Convertible
Security of which will increase by US$1,200,000 (said amount representing a further funding amount of US$1,000,000 plus an implied
interest amount of US$200,000 and herein referred to as the Subsequent First Convertible Security at the Request of the
Company) (the date on which such funds are received from the Investor by the Company constituting the Subsequent
First Convertible Security Closing at the Request of the Company);

 

     

     

    

 

Except as specifically set forth hereinabove, the Contract remains
in full force and effect.

 

In witness whereof the parties have set their mutual hands and
seals the day and date first above written.

 

	NioCorp Developments Ltd.:	 	Lind Asset Management IV, LLC:
	 	 	 	 	 
	By:	 	 	By:	 
	 	 	 	 	 
	 	 	 	 	 
	 	Title	 	 	Title

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