Document:

eaui_ex1027.htm

Exhibit 10.27

 

SECOND AMENDMENT

TO

THIRD AMENDED AND RESTATED

SENIOR SECURED CONVERTIBLE PROMISSORY NOTE

This Second Amendment to Third Amended and Restated Senior Secured Convertible Promissory Note (“2014 Amendment”) is made and entered into this ___ day of April, 2014 by EAU Technologies, Inc., a Delaware corporation (the “Company”) and Water Science, LLC, a Florida limited liability company (“Holder”).

BACKGROUND

WHEREAS, Company and Holder executed and delivered that certain First Amendment to Third Amended and Restated Senior Secured Convertible Promissory Note, dated December 31, 2011, in the original principal amount of $3 million (the “Original Note”);

WHEREAS, Company and Holder executed and delivered that certain Third Amended and Restated Senior Secured Convertible Promissory Note, dated October 21, 2010 (the “Third Amendment”) and;

WHEREAS, Company and Holder executed and delivered that certain First Amendment to the Original Note, dated March 10, 2009 (the “First Amendment”); and

WHEREAS, the Company and the Holder desire to execute and deliver this Second Amendment to Third Amendment to the Original Note.

NOW, THEREFORE, for and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Holder do hereby agree as follows:

1.           Section 3(a) of the Original Note, as amended by the Third Amendment, is hereby deleted in its entirety and the following is hereby inserted in its place:

Maturity Date.  The Company shall pay the principal amount outstanding hereunder together with accrued and unpaid interest thereon and any other amounts payable to Holder in respect of this Note on the earlier of (i) November 30, 2014, or (ii) the acceleration of the maturity of this Note by Holder pursuant to Section (6)(b)(i), (the earlier of such dates, the “Maturity Date”), unless otherwise converted into Common Stock in accordance with Section 7.

2.           Except as expressly set forth herein, the Original Note, as amended by the First Amendment, Second Amendment and Third Amendment, shall remain unchanged and unmodified and in full force and effect.

  

1

  

 

3.           All capitalized terms not otherwise defined in this 2014 Amendment shall have the meanings assigned to them in the Original Note, as amended by the First Amendment and Second Amendment.

 

4.           This 2014 Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument, with the same effect as if the signatures thereto were in the same instrument.

 

[Remainder of page intentionally left blank.  Signatures on following page.]

 

  

2

  

 

IN WITNESS WHEREOF, the parties hereto have executed and delivered this 2014 Amendment under seal on the date first above written.

 

	 	 
Company:

	 
	 	EAU TECHNOLOGIES, INC	 
	 	 	 	 
	
 

	
By: 

	 /s/ Wade Bradley	 
	 	 	 
Wade Bradley

	 
	 	 	 
Chief Executive Officer

	 
	 	 	 	 

 

	 	 
Holder:

	 
	 	 
WATER SCIENCE, LLC

	 
	 	 	 	 
	 	
By: 

	/s/ Peter Ullrich	 
	 	 	 
Peter Ullrich

	 
	 	 	 
Manager

	 
	 	 	 	 

3eaui_ex1028.htm

Exhibit 10.28

 

AMENDED AND RESTATED

$358,527 LOAN AGREEMENT

This Amended and Restated $358,527 Loan Agreement (“Amendment”) is made and entered into this ___ day of April, 2014 by EAU Technologies, Inc., a Delaware corporation (the “Company”) and Peter Ullrich, a resident of Florida (“Holder”).

BACKGROUND

WHEREAS, Company and Holder executed and delivered that certain $358,527 Loan Agreement, dated December 31, 2011, in the original principal amount of $358,527 (the “Original Note”);

WHEREAS, the Company and the Holder desire to execute and deliver this Amendment to the Original Note.

NOW, THEREFORE, for and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Holder do hereby agree as follows:

1.           Section 4(a) of the Original Note is hereby deleted in its entirety and the following is hereby inserted in its place:

Maturity Date.  The Company shall pay the principal amount outstanding hereunder together with accrued and unpaid interest thereon and any other amounts payable to Holder in respect of this Note on the earlier of (i) November 30, 2014, or (ii) the acceleration of the maturity of this Note by Holder pursuant to Section (6)(b)(i), (the earlier of such dates, the “Maturity Date”), unless otherwise converted into Common Stock in accordance with Section 5.

2.           Except as expressly set forth herein, the Original Note shall remain unchanged and unmodified and in full force and effect.

3.           All capitalized terms not otherwise defined in this Amendment shall have the meanings assigned to them in the Original Note.

 

4.           This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument, with the same effect as if the signatures thereto were in the same instrument.

 

[Remainder of page intentionally left blank.  Signatures on following page.]

 

  

1

  

 

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment under seal on the date first above written.

 

	 	 
Company:

	 
	 	 
EAU TECHNOLOGIES, INC.

	 
	 	 	 
	 	 	 	 
	
 

	
By: 

	/s/ Wade Bradley	 
	 	 	 
Wade Bradley

	 
	 	 	 
Chief Executive Officer

	 
	 	 	 	 

 

	 	 
Holder:

	 
	 	PETER ULLRICH	 
	 	 	 	 
	 	
By: 

	 
/s/ Peter Ullrich

	 
	 	 	 
Peter Ullrich

	 
	 	 	 	 
	 	 	 	 

2eaui_ex1029.htm

Exhibit 10.29

 

AMENDED AND RESTATED

$1,325,000 LOAN AGREEMENT

This Amended and Restated $1,325,000 Loan Agreement (“Amendment”) is made and entered into this ___ day of April, 2014 by EAU Technologies, Inc., a Delaware corporation (the “Company”) and Peter Ullrich, a resident of Florida (“Holder”).

BACKGROUND

WHEREAS, Company and Holder executed and delivered that certain $1,325,000 Loan Agreement, dated January 31, 2013, in the original principal amount of $1,325,000 (the “Original Note”);

WHEREAS, the Company and the Holder desire to execute and deliver this Amendment to the Original Note.

NOW, THEREFORE, for and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Holder do hereby agree as follows:

1.           Section 4(a) of the Original Note is hereby deleted in its entirety and the following is hereby inserted in its place:

Maturity Date.  The Company shall pay the principal amount outstanding hereunder together with accrued and unpaid interest thereon and any other amounts payable to Holder in respect of this Note on the earlier of (i) November 30, 2014, or (ii) the acceleration of the maturity of this Note by Holder pursuant to Section (6)(b)(i), (the earlier of such dates, the “Maturity Date”), unless otherwise converted into Common Stock in accordance with Section 5.

2.           Except as expressly set forth herein, the Original Note shall remain unchanged and unmodified and in full force and effect.

3.           All capitalized terms not otherwise defined in this Amendment shall have the meanings assigned to them in the Original Note.

 

4.           This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument, with the same effect as if the signatures thereto were in the same instrument.

 

[Remainder of page intentionally left blank.  Signatures on following page.]

 

  

1

  

 

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment under seal on the date first above written.

 

 

	 	 
Company:

	 
	 	 
EAU TECHNOLOGIES, INC.

	 
	 	 	 
	 	 	 	 
	 	
By: 

	/s/ Wade Bradley	 
	 	 	 
Wade Bradley

	 
	 	 	 
Chief Executive Officer

	 
	 	 	 	 

	 	 
Holder:

	 
	 	 
PETER F. ULLRICH

	 
	 	 	 	 
	
 

	
By: 

	/s/ Peter Ullrich	 
	 	 	 
Peter Ullrich

	 
	 	 	 	 
	 	 	 	 

2frng_ex101.htm

Exhibit 10.1

AMENDMENT No. 1 TO

PRODUCT EXCLUSIVE DISTRIBUTOR AGREEMENT

 

This Amendment No. 1 (this Amendment) to that certain Product Exclusive Distributor Agreement, dated August 24, 2012 (the Agreement), is entered into this 11th day of November 2013, by and between Shanghai Lightsky Optoelectronics Technology Co., Ltd. (Lightsky), and ForceField Energy, Inc. fka SunSi Energies, Inc. (FNRG and together with Lightsky, the Parties).

 

RECITALS

 

WHEREAS, the Parties previously entered into the Agreement, pursuant to which FNRG distributes the LED lighting products of Lightsky;

 

WHEREAS, the Parties wish to amend the Agreement to extend certain dates for performance requirments and termination rights;

 

WHEREAS, the Parties do not intend this Amendment to impact any of the other rights, obligations, or commitments of the Parties set forth in the Agreement, except as set forth in this Amendment.

 

WHEREAS, Lightsky is the only LED producer in Asia for FNRG for products they manufacture and Lightsky commits to do everything possible to have equal quality and price from   competition.

 

NOW, THEREFORE, in consideration of these premises and the mutual promises contained herein, the Parties to this Amendment do hereby agree as follows:

 

Section 1.   Amendment to Agreement.

 

The Parties to this Amendment do hereby agree that the Agreement shall be amended to:

 

	
(a)  

	
delete Article 1 Section 1. in its entirety and replace it with the following:

 

“Party A hereby authorizes Party B to have the exclusive right to sell Party A’s LED Products in the following territories or “Territory”:  North America (is defined as including all 50 states of United States), Canada, Mexico Latin America, Caribbean and Europe.

	
(b)  

	
delete Article III Section 1. in its entirety and replace it with the following:

 

"Since it will take time to establish distributor and sales network in the new territory, Party A grants Party B twelve (12) months of time to set up its sales network in the territory (initial period). In order to maintain the exclusive right under this agreement Party B will have to fulfill minimum purchase of products. From the date of the expiration of the initial period and for the following twelve months (12) months, the Minimum Yearly Purchase Amount by Party B should be not less than six million (6,000,000). The minimum purchase amount for the following twelve (12) months should be not less than ten million (10,000,000). Party B will increase the yearly purchase of products by twenty percent (20%) every year until the expiration of the term of this agreement. All purchases will be made in $USD. Party B has the right to select which Product and what quantities it chooses to fulfill its Initial Purchase obligation and yearly minimum purchase obligations.

 

In addition, Party B commit to make a minimal payment in the amount of $300,000 $USD on future purchase of LED Products before the expiration of the initial 16 months of this agreement. This payment will be applied toward the first purchases of LED products and shall be credited against the Minimum Yearly Purchase Amount described above.

 

	
(c)  

	
delete Article III Section 2. in its entirety and replace it with the following:

 

  

  

  

 

“If Party B  cannot execute the “Initial Payment Amount” within the first (16) sixteen months after the signature of this agreement; or if Party B can not purchase the “Minimum Yearly Purchase Amount” after the  expiration  of  twenty  four  (24)  months from the signature of the present agreement, Party A will have the right to cancel the exclusive agency of Party B if payment is not made within a 30 day period of receiving notice from Party A.”

Section 2.   Capitalized  Terms.

 

Capitalized  terms  not  defined  herein  shall  have  the  meanings  ascribed  to  them  in  the Agreement.

 

Section 3.   Governing Law.

 

The terms of this Amendment shall be governed by the law and in the manner provided for in the Agreement. All other terms and conditions set forth in the Agreement, not otherwise modified by this Amendment, shall control over the interpretation of this Amendment.

 

Section 4.  Complete  Agreement.

        

       This Amendment and referenced Agreement constitute the entire agreement between the Parties hereto relating to this specific subject matter thereof There are no terms, obligations, covenants, representations, statements, or conditions relating to the subject matter thereof other than those contained in this Amendment and the above referenced Agreement. No variation or modification of this Amendment or the above referenced Agreement or waiver of any of the terms or provisions hereof will be deemed valid unless in writing and signed by both parties.

 

Section 5.Counterparts.

 

This Amendment may be executed in counterparts, which together shall constitute one and the same Amendment. The Parties may execute more than one copy of this Amendment, each of which shall constitute an original.

  

  

  

 

IN WITNESS WHEREOF, the Parties have signed this Amendment as of the date first written above.

 

	

Shanghai Lightsky Optoelectronic Technology Co., Ltd.

	 	 	 
	 	 	 
	
By: 

	original signed	 
	 	 	 
	Name: 	 	 
	 	(Print)	 
	 	 	 
	Title: 	 Chief Executive Officer	 

 

	
ForceField Energy Inc. fka SunSi Energies Inc.

	 
	 
	 	 	 
	
By: 

	original signed	 
	 	 	 
	Name: 	Richard St Julien	 
	 	(Print)	 
	 	 	 
	Title: 	Chairman

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}]]