Document:

AMENDMENT
4 TO STOCK PURCHASE AGREEMENT

 

THIS
AMENDMENT NO. 4 (“Agreement”) is made and entered into as of the 6th day of November
2015 to a STOCK PURCHASE AGREEMENT (the “Purchase Agreement”), dated as of 31 October 2014, as amended
on __ July 2015 and as further amended on September 1, 2015, and as further amended on September 30, 2015 by and among (i) DOVI
BRUKER, an individual (“Bruker” or the “Majority Globisens Shareholder”)
and the other individuals (each a “Minority Globisens Shareholder” and collectively, the “Minority
Globisens Shareholders”); (ii) GLOBISENS LTD., a corporation organized under the laws of the State of Israel
(“Globisens” or the “Company”); and (iii) BOXLIGHT CORPORATION (formerly,
LOGICAL CHOICE CORPORATION, a Nevada corporation (“LCC” or the “Buyer”).

 

1. Section
1.5(a) of the Purchase Agreement is deleted in its entirety and is replaced by the following Section 1.5(a):

 

1.5 Closing.

 

(a)
 Time and Place of the Closing; Buyer IPO. The closing of this Agreement and the transactions contemplated hereby (the
“Closing”) shall take place on a date (the “Closing Date”) shall be immediately
following the Buyer’s consummation of its initial public offering on The NASDAQ Stock Market or the NYSE:American Stock
Exchange of Buyer Common Stock (the “Buyer IPO”) pursuant to a registration statement on Form S-1 (the
“Registration Statement”) that is declared effective by the United States Securities and Exchange Commission
(“SEC”). The Closing shall take place at the offices of the counsel to the Buyer or remotely via the
exchange of documents and signatures as the Buyer and the Globisens Shareholders mutually agreed upon, in writing. Notwithstanding
the foregoing, the Closing Date shall occur on or before December 15, 2015 (the “Outside Closing Date”),
unless such Outside Closing Date shall be extended by mutual written agreement of Representative and the Buyer.

 

2. All
references in the Purchase Agreement to the Outside Closing Date shall mean December 15, 2015.

 

3. All
of the other provisions of the Purchase Agreement, including without limitation, the provisions of Section 1.4 (Put Option;
Lock Up Agreement and Trustee Instructions Agreement) shall continue to remain in full force and effect and are incorporated
by this reference into this Agreement as though more fully set forth herein at length.

 

4.
 For the avoidance of doubt, it is hereby clarified that Buyer irrevocably assumes any and all liabilities, obligations and
all actions to be taken by Boxlight Corporation (formerly, Logical Choice Corporation), according to the Purchase Agreement as
if Buyer executed the Purchase Agreement as of October 31, 2014.

 

********************** 

 

Signature
page follows

 

    	 

    	 

    

 

IN WITNESS
WHEREOF, the Parties have caused their duly authorized representatives to execute this Agreement on the date first above written.

 

	Buyer:	BOXLIGHT
    CORPORATION
	 	(formerly,
    Logical Choice Corporation)

 

	 	By:	/s/ Mark Elliott
    
	 	Name:
    	Mark
    Elliott
	 	Title:
    	Chief
    Executive Officer

 

	The
    Company:	GLOBISENS
    LTD.,

 

	 	By:
    	/s/
    Dovi Bruker 
	 	Name:	Dovi
    Bruker
	 	Title:	CEO

 

	Majority
    Shareholder	By:
    	/s/
    Dovi Bruker
	 	Name:
    	Dovi
    BrukerAMENDMENT NO. 1 to
LINE OF CREDIT AGREEMENT

 

THIS AMENDMENT (the “Amendment”),
is entered into with effect as of the 30th day of September 2015 (the “Effective Date”), is intended to
amend the Line of Credit Agreement dated as of September 30, 2014 (the “Agreement”), by and among Vert CAPITAL CORP.,
a Delaware corporation, with its headquarters at 10951 West Pico, Los Angeles, CA 90064 (the “Lender”); and BOXLIGHT
CORPORATION (formerly Logical Choice Corporation), a Nevada corporation (“Borrower”).

 

Recitals

 

WHEREAS, the Agreement provided that
the Lender would provide to the Borrower a line of credit of up to $500,000 (the “Line of Credit”), and

 

WHEREAS, the Parties now wish to amend
the Agreement to increase the Line of Credit to a maximum of $750,000.

 

NOW, THEREFORE, in consideration of
the mutual covenants, terms and conditions set forth herein, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties agree as follows:

 

Terms and Conditions

 

		1.	GENERAL

 

All terms with capital letters
and not otherwise defined in this Amendment shall have the same meanings given to them in the Agreement.

 

		2.	AMENDMENT

 

		2.1.	Line of Credit

 

The maximum amount of the Line of
Credit is hereby increased to Seven Hundred and Fifty Thousand ($750,000) Dollars. All references in the Agreement and in the Line
of Credit Documents to “Five Hundred Thousand Dollars”, or “$500,000”, is hereby deleted and shall be replaced
with “Seven Hundred and Fifty Thousand Dollars” or “$750,000”, as applicable.

 

		3.	RATIFICATION

 

Except as specifically stated in this
Amendment, the Agreement is, in all other respects, ratified and confirmed and shall continue in full force and effect.

 

[SIGNATURE PAGE FOLLOWS]

 

    	 

    	 

    

 

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

 

	VERT CAPITAL CORP.	 	BOXLIGHT CORPORATION

 

	By:	/s/ Adam E. Levin	 	By:	/s/
    Sheri Lofgren 
	Name: 	Adam E. Levin	 	Name: 	Sheri Lofgren
	Title: 	CEO	 	Title: 	Chief Financial Officer

 

	Date: As of September 30, 2015	 	Date: As of September 30, 2015trtc_ex1026.htm

EXHIBIT 10.26
 
FORM OF
INDEPENDENT DIRECTOR AGREEMENT
 
THIS INDEPENDENT DIRECTOR AGREEMENT (this "Agreement") is made effective as of ______________________, 201_ by and between Terra Tech Corp. (the "Company"), and ____________________ ("Director").
 
WHEREAS, the Company seeks to attract and retain as directors, capable and qualified persons to serve on the Company's board of directors (the "Board"); and
 
WHEREAS, the Company has requested and received from Director certain information regarding Director's qualifications and fitness to serve on the Board and has considered and relied upon the accuracy of such information in offering Director the opportunity to serve on the Board; and
 
WHEREAS, the Company believes that Director possesses the necessary qualifications and abilities to serve as a director of the Company and to perform the functions and meet the Company's needs related to its Board.
 
NOW, THEREFORE, the parties agree as follows:
 
1. Service to the Board.
 
(a) Service as a Director. Director will serve for a period of one year (the "term') as a director of the Company in accordance with the bylaws of the Company and perform all duties as a director of the Company, including without limitation (1) attending meetings of the Board, (2) serving on such committees of the Board (each a "Committee") to which Director has been appointed, (3) attending meetings of each Committee of which Director is a member, and (4) performing Director's duties on behalf of the Company in good faith and in a manner that is not opposed to the best interests of the Company. 
 
(b) Service on Committees. Director will serve on the following committees and in the capacities stated:
 
		Member
	Chairperson

	Audit Committee
		
	Compensation/Nominating Committee
		
	Corporate Governance Committee
		

 
2. Term.The term of this Agreement shall commence as of the date of Director's appointment by the Board of Directors of the Company and shall continue until the Director's removal or resignation.
   
	 
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3. Compensation and Expenses.
 
(a) Director Compensation. In recognition of the services provided by and to be provided by Director, the Company agrees to issue to Director, an aggregate of ________________ restricted shares of the Company's common stock, to be fully vested on the date of appointment. The Board reserves the right to compensate Director further from time to time to take into consideration the responsibilities associated with his continued service on the Board and, if any, different committees thereof, the form and amount of which compensation to be within the Board's sole and absolute discretion. If Director ceases to serve as a director on the Company's Board at any time and for any reason prior to a grant date associated with any restricted shares, all restricted shares described in the restricted share agreement that have not been granted as of such time of cessation of services will not be granted. All such cancelled or forfeited restricted shares shall be returned to the Company's incentive pool.
 
(b) Expenses. The Company will reimburse Director for all reasonable, out-of-pocket expenses, including business class airfare for board meetings, approved by the Company in advance, incurred in connection with the performance of Director's duties under this Agreement ("Expenses"), upon submission of receipts and a written request for payment. Such statement shall be accompanied by sufficient documentary matter to support the expenditures. The Company may withhold from any payment any amount of withholding required by law.
 
(c) Future Compensation and Benefits. The Board, with the compensation committee, reserves the right to determine the compensation for services provided under this Agreement. The Board may from time to time authorize additional compensation and benefits for Director, including stock options and restricted stock.
 
The Company has provided the Director with a summary of provisions of its corporate by-laws and governing documents dealing with indemnification of directors (the "Indemnification Provisions"). 
 
4. Confidentiality. The Company and Director each acknowledge that, in order for the intents and purposes of this Agreement to be accomplished, Director shall necessarily be obtaining access to certain confidential information concerning the Company and its affairs, including, but not limited to business methods, information systems, financial data and strategic plans which are unique assets of the Company ("Confidential Information"). Director covenants not to, either directly or indirectly, in any manner, utilize or disclose to any person, firm, corporation, association or other entity any Confidential Information.
 
5. Non-Compete. During the term of this Agreement and for a period of twelve (12) months following Director's removal or resignation from the Board of Directors of the Company or any of its subsidiaries or affiliates (the "Restricted Period"), Director shall not, directly or indirectly, (i) in any manner whatsoever engage in any capacity with any business competitive with the Company's current lines of business or any business then engaged in by the Company, any of its subsidiaries or any of its affiliates (the "Company's Business") for Director's own benefit or for the benefit of any person or entity other than the Company or any subsidiary or affiliate; or (ii) have any interest as owner, sole proprietor, shareholder, partner, lender, director, officer, manager, employee, consultant, agent or otherwise in any business competitive with the Company's Business; provided, however, that Director may hold, directly or indirectly, solely as an investment, not more than two percent (2%) of the outstanding securities of any person or entity which are listed on any national securities exchange or regularly traded in the over-the-counter market notwithstanding the fact that such person or entity is engaged in a business competitive with the Company's Business. In addition, during the Restricted Period, Director shall not develop any property for use in the Company's Business on behalf of any person or entity other than the Company, its subsidiaries and affiliates.
 
6. Termination. With or without cause, the Company and Director may each terminate this Agreement at any time upon ten (10) days written notice, and the Company shall be obligated to pay to Director the compensation and expenses due up to the date of the termination. Nothing contained herein or omitted herefrom shall prevent the shareholder(s) of the Company from removing Director with immediate effect at any time for any reason.
   
	 
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7. Amendments and Waiver. No supplement, modification or amendment of this Agreement will be binding unless executed in writing by both parties. No waiver of any provision of this Agreement on a particular occasion will be deemed or will constitute a waiver of that provision on a subsequent occasion or a waiver of any other provision of this Agreement.
 
8. Binding Effect. This Agreement will be binding upon and inure to the benefit of and be enforceable by the parties and their respective successors and assigns.
 
9. Severability. The provisions of this Agreement are severable, and any provision of this Agreement that is held by a court of competent jurisdiction to be invalid, void, or otherwise unenforceable in any respect will not affect the validity or enforceability of any other provision of this Agreement.
 
10. Governing Law. This Agreement will be governed by and construed and enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed in that state without giving effect to the principles of conflicts of laws.
 
11. Notice. Any and all notices referred to herein shall be sufficient if furnished in writing at the addresses specified on the signature page hereto or, if to the Company, to the Company's address as specified in filings made by the Company with the U.S. Securities and Exchange Commission.
 
12. Assignment. The rights and benefits of the Company under this Agreement shall be transferable, and all the covenants and agreements hereunder shall inure to the benefit of, and be enforceable by or against, its successors and assigns. The duties and obligations of Director under this Agreement are personal and therefore Director may not assign any right or duty under this Agreement without the prior written consent of the Company.
 
13. Entire Agreement. Except as provided elsewhere herein, this Agreement sets forth the entire agreement of the parties with respect to its subject matter and supersedes all prior agreements, promises, covenants, arrangements, communications, representations or warranties, whether oral or written, by any officer, employee or representative of any party to this Agreement with respect to such subject matter.
 
14. Counterparts.This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one instrument. Facsimile execution and delivery of this Agreement is legal, valid and binding for all purposes.
 
[Signature Page Follows]
 
	 
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IN WITNESS WHEREOF, the parties hereto have caused this Independent Director Agreement to be duly executed and signed as of the day and year first above written.
    	 
	TERRA TECH CORP.	 

	 	 	 	 
		By:		 

	 
	Name: 
		 

	 
	Title: 
		 

	 
	 
	 
	 

	 
	DIRECTOR  
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	Name: 
	 
	 

	 
	Address: 
	 
	 

 
  
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