Document:

Management Rights Letter Agreement

 

EXHIBIT 10.8

July 15, 2016

Project 11 Ventures I, L.P.

Re:

Management Rights

Ladies and Gentlemen:

This letter will confirm our agreement that pursuant to and effective as of your purchase of shares of the Series One Preferred Stock of CarrierEQ, Inc. (d/b/a AirFox) (the “Company”), Project 11 Ventures I, L.P. (the “Investor”) shall be entitled to the following contractual management rights, in addition to any rights to non-public financial information, inspection rights, and other rights specifically provided to all investors in the current financing:

1.

If Investor is not represented on Company’s Board of Directors, Investor shall be entitled to consult with and advise management of the Company on significant business issues, including management’s proposed annual operating plans, and management will meet with Investor regularly during each year at the Company’s facilities at mutually agreeable times for such consultation and advice and to review progress in achieving said plans.

2.

Investor may examine the books and records of the Company and inspect its facilities and may request information at reasonable times and intervals concerning the general status of the Company’s financial condition and operations, provided that access to highly confidential proprietary information and facilities need not be provided.

3.

If Investor is not represented on the Company’s Board of Directors, the Company shall invite a representative of the Investor to attend all meetings of its Board of Directors in a nonvoting observer capacity and, in this respect, shall give such representative copies of all notices, minutes, consents, and other materials that it provides to its directors at the same time (or promptly after) and in the same manner as provided to such directors; provided, however, that such representative shall agree to hold in confidence and trust all information so provided; and provided further, that the Company reserves the right to withhold any information and to exclude such representative from any meeting or portion thereof if the Board of Directors determines in good faith, upon advice of counsel, that access to such information (or portion thereof) or attendance at such meeting (or portion thereof) could adversely affect the attorney- client privilege between the Company and its counsel or result in disclosure of highly confidential or proprietary information or trade secrets.

Investor agrees to hold in confidence and trust and not disclose any confidential information provided to or learned by it in connection with its rights under this letter.

The rights described herein shall terminate and be of no further force or effect upon the first to occur of (a) such time as no shares of the Company’s stock are held by the Investor or its affiliates, (b) the consummation of the sale of the Company’s securities pursuant to a registration

 

statement filed by the Company under the Securities Act of 1933, as amended, in connection with the firm commitment underwritten offering of its securities to the general public or (c) the consummation of a merger or consolidation of the Company that is effected (i) for independent business reasons unrelated to extinguishing such rights and (ii) for purposes other than (A) the reincorporation of the Company in a different state, or (B) the formation of a holding company that will be owned exclusively by the Company’s stockholders and will hold all of the outstanding shares of capital stock of the Company’s successor. The confidentiality obligations referenced herein will survive any such termination.

[Remainder of Page Intentionally Left Blank]Additional Rights Letter Agreement

 

EXHIBIT 10.9

CarrierEQ, Inc. (d/b/a AirFox)

July 15, 2016

Warren Katz

20 Fairfield Street

Boston, MA 02116

Re:

CarrierEQ, Inc. (d/b/a AirFox) - Additional Rights Letter Agreement

Dear Warren:

On behalf of CarrierEQ, Inc. (d/b/a AirFox) (the "Company") and in connection with the financing transaction being entered into by and among the Company and certain purchasers thereunder in connection with the sale of shares of the Series One and One-A Preferred Stock, par value $0.00001 per share, of the Company (“Preferred Stock”) pursuant to that certain Series One and One-A Preferred Stock Purchase Agreement by and among the Company and the other parties thereto dated as of July 15, 2016 (the “Purchase Agreement”), the Company is extending to Warren Katz ("Katz") certain contractual rights, as set forth in this letter agreement. Capitalized terms not otherwise defined herein shall have the meaning set forth in the Purchase Agreement.

Major Investor Status

Notwithstanding the definitions of “Major Investor” and “Super Major Investor” as defined in the Investors’ Rights Agreement by and between the Company and Investors therein dated as of July 15, 2016, as the same may be amended and/or restated from time to time (the “Rights Agreement”), Katz shall be deemed a “Major Investor” for purposes of Section 3 of the Rights Agreement and a “Super Major Investor” for purposes of Section 1.1(d) of the Rights Agreement, so long as Katz holds at least 93,400 shares of Preferred Stock (as adjusted for any stock split, stock dividend, combination, or other recapitalization or reclassification effected after the date hereof).

Confidentiality

Katz agrees on behalf of himself and his representatives, and any representative of Katz will agree, to hold in confidence and trust and not disclose any confidential information provided to or learned by him in connection with his rights under this Agreement in accordance with the terms of Section 1.1(b) of the Rights Agreement.

General Provisions

Unless provided otherwise herein, the rights described herein shall terminate and be of no further force or effect upon the earliest of: (1) the consummation of the sale of the Company’s securities pursuant to a registration statement filed by the Company under the Securities Act of

 

1933, as amended, in connection with a firm-commitment underwritten offering of its securities to the public or the consummation of a Deemed Liquidation Event (as defined in the Company’s certificate of incorporation then in effect) and (2) with regards to the rights under the Rights Agreement, the date on which the Rights Agreement terminates; provided, however, that the confidentiality provisions hereof will survive any such termination. This letter agreement and the rights hereunder are non-transferable. For the avoidance of doubt, the terms and conditions of this Agreement inure to the benefit of and are binding upon the respective successors and assignees of the parties hereto. This letter agreement shall be governed in accordance with the laws of the State of Delaware, without regard to principles of conflicts of laws. This letter agreement may be executed in counterparts, each of which when so executed shall be deemed an original, but both of which when taken together shall constitute one and the same instrument.

[SIGNATURES ARE ON THE FOLLOWING PAGE]ASSIGNMENT BY INVENTORS

EXHIBIT 10.12

ASSIGNMENT BY INVENTORS

THIS ASSIGNMENT, made by Victor Santos; James Seibel; Pablo Rodriguez Bertorello; Rafael Mitsuo Maki; and Marcos Vinicius Cracco Bozza (hereinafter referred to as Assignors), residing at 44 Washington, Apt. 816, Brookline, Massachusetts  02445; 25 Gartland Street, No. 2, Jamaica Plain, Massachusetts  02130; 3130  Alpine Road, No. 288-488, Portola Valley, California  94208; Alameda Eduardo Prado, 716, apto 61, Campos Elíseos, CEP 01218-012 Sao Paulo, BRAZIL; and Rua Barata Ribeiro, 156 - AP 51 - Bela Vista, 01308-000 Sao Paulo, BRAZIL, respectively;

WHEREAS, Assignors have invented certain new and useful improvements in SYSTEMS AND METHODS FOR MANAGING DATA USAGE ON MOBILE COMMUNICATION DEVICES, set forth in a Provisional application for Letters Patent of the United States, already filed on March 20, 2017 as U.S. Application No. 62/473,824; and

WHEREAS, Airfox.io, having its principal place of business at 44 Washington, Apt. 816, Brookline, Massachusetts  02445 (hereinafter referred to as Assignee), is desirous of acquiring the entire right, title and interest in and to said inventions and said Application for Letters Patent of the United States, and in and to any Letters Patent of the United States to be obtained therefore and thereon.

NOW, THEREFORE, in consideration of One Dollar ($1.00) and other good and sufficient consideration, the receipt of which is hereby acknowledged, Assignors have sold, assigned, transferred and set over, and by these presents do sell, assign, transfer and set over, unto Assignee, its successors, legal representatives and assigns, the entire right, title and interest in and to the above-mentioned inventions and application for Letters Patent, and in and to any and all direct and indirect divisions, continuations and continuations-in-part of said application, and any and all Letters Patent in the United States and all foreign countries which may be granted therefore and thereon, and reissues, reexaminations and extensions of said Letters Patent, and all rights under the International Convention for the Protection of Industrial Property, the same to be held and enjoyed by Assignee, for its own use and benefit and the use and benefit of its successors, legal representatives and assigns, to the full end of the term or terms for which Letters Patent may be granted and/or extended, as fully and entirely as the

1

same would have been held and enjoyed by Assignors, had this sale and assignment not been made.

AND for the same consideration, Assignors hereby represent and warrant to Assignee, its successors, legal representatives and assigns, that, at the time of execution and delivery of these presents, except for any rights, titles and/or interests that have arisen to Assignee under law or that have already been transferred to Assignee, Assignors are the sole and lawful owners of the entire right, title and interest in and to the said inventions and application for Letters Patent above-mentioned, and that the same are unencumbered and that Assignors have good and full right and lawful authority to sell and convey the same in the manner herein set forth.

AND for the same consideration, Assignors hereby covenant and agree to and with Assignee, its successors, legal representatives and assigns, that Assignors will sign all papers and documents, take all lawful oaths and do all acts necessary or required to be done for the procurement, maintenance, enforcement and defense of any Letters Patent and applications for Letters Patent for said inventions, without charge to Assignee, its successors, legal representatives and assigns, whenever counsel of Assignee, or counsel of its successors, legal representatives and assigns, shall advise: that any proceeding in connection with said inventions, or said Provisional application for Letters Patent, or any proceeding in connection with any Letters Patent or applications for Letters Patent for said inventions in any country, including but not limited to interference proceedings, is lawful and desirable; or, that any division, continuation or continuation-in-part of any application for Letters Patent, or any reissue, reexamination or extension of any Letters Patent, to be obtained thereon, is lawful and desirable.

AND Assignors hereby request the Commissioner for Patents and Trademarks to issue said Letters Patent of the United States to Assignee, as Assignee of said inventions and the Letters Patent to be issued thereon, for the sole use and benefit of Assignee, its successors, legal representatives and assigns.

AND Assignors hereby grant the following individuals the power to insert on this Assignment any further identification which may be necessary or desirable in order to comply

2

with the rules of the United States Patent and Trademark Office for recordation of this document:

GOODWIN PROCTER LLP

All practitioners at Customer Number 051414

AND Assignors acknowledge an obligation of assignment of this invention to Assignee at the time the invention was made.

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00293-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00293-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00293-of-00352.parquet"}]]