Document:

Confidential
    treatment requested by the registrant for its submission of this draft registration 

    statement pursuant to Securities and Exchange Commission Rule 83	HUD-273

 

Exhibit 10.4

 

 

 

This LOAN AGREEMENT (this
"Agreement"), dated as of the Signing Date, is between the Lender and the Borrower.

 

	Signing Date and Lending Date:	August 1, 2017
	 	 
	Lender:	DUFRY FINANCIAL SERVICES B.V., a limited liability company incorporated in the Netherlands, with offices at Luchthavenweg 53, Eindhoven, 5657, Netherlands, duly represented by its authorized signatories
	 	 
	Borrower:	THE NUANCE GROUP (CANADA) INC., a Canadian corporation with offices at 5925 Airport Road, Suite 300, Mississauga, L4V 1W1, Canada, duly represented by its authorized signatories
	 	 
	Facility:	Facility A: CAD 130,030,000; Facility B: CAD 65,000,000
	 	 
	Interest Rate:	The Interest Rate, applicable only to Facility B, is 3.89% per annum.
	 	 
	Repayment Date(s):	Facility A : CAD 45 million to be repaid from the distribution received by WDFG Vancouver LP; the remainder to be repaid by the maturity of Facility A, which shall be on the 1st anniversary of the Lending Date, with automatic renewals of additional 1 year periods until the 10th anniversary of the Lending Date, which shall be the final maturity date
	 	 
	 	Facility B: Interest payable monthly, with final repayment by the 10th anniversary of the Lending Date; provided, however, that Facility A must be repaid prior to repayment of Facility B
	 	 
	Purpose of the Loan:	finance the acquisition of WDFG Canada Inc. and WDFG Vancouver LP
	 	 
	Old Loan Agreement (if any):	N/A

 

		1.	The Facility will be advanced by the Lender to the Borrower on the Lending Date.

 

		2.	The proceeds of the Facility will only be used for the stated Purpose of the Loan.

 

		3.	Interest will accrue on any advanced and outstanding principal of Facility B at the Interest Rate, calculated on the basis
of a 360-day year and actual days elapsed, until Facility B and all interest accrued thereon has been repaid in full.

 

		4.	The Facility will be repaid by the Borrower on the Repayment Date(s) in what concerns interest, being the full repayment of
the principal and the final instalment of interest done on the last Repayment Date. The Borrower may prepay all or part of the
Facility without premium or penalty.

 

		5.	Upon the occurrence of any of the following events (events of defaults) :

 

		(a)	Non-Payment/ Default: The Borrower fails to pay when and as required to be paid herein, any interest payment or amount
of principal borrowed under the Facility, or otherwise fails to comply with any of its obligations hereunder; or

 

		(b)	Change of Control: Control of the Borrower passes, whether by virtue of any agreement, offer, scheme or otherwise, to
any person or persons, either acting individually or in concert, without the prior written consent of the Lender; or

 

		(c)	Bankruptcy: The Borrower becomes bankrupt or insolvent, is unable to pay its debts as they fall due or is deemed unable
to pay its debts pursuant to or for the purposes of any applicable law, or otherwise applies for or consents to or suffers the
appointment of a liquidator, receiver, or administrator of itself or any material part of its property, assets, or revenues; or

 

		(d)	Material Adverse Change: There is a material adverse change in the financial condition of the Borrower that materially
impairs its ability to perform or comply with any one or more of its obligations hereunder;

 

then, and in any such case and at
any time thereafter, the Lender may by written notice to the Borrower demand from the Borrower the payment of all amounts (if any)
outstanding under the Facility, including any and all principal and interest, whereupon the same shall be immediately due and payable
without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower.

 

     

     

    

	Confidential
    treatment requested by the registrant for its submission of this draft registration 

    statement pursuant to Securities and Exchange Commission Rule 83	HUD-274

  

		6.	The Borrower represents and warrants that (i) the Borrower's assets are free and dear of any third party liens, pledges, security
interest or encumbrances, (ii) the execution, delivery and performance of this Agreement have been duly authorized by ail necessary
action on the part of the Borrower, and (iii) this Agreement constitutes the legal, valid and binding obligation of the Borrower,
enforceable in accordance with the terms thereof.

 

		7.	This Loan embodies the entire agreement and understanding between Lender and Borrower, and supersedes all prior or contemporaneous
agreements and understandings between the parties, verbal or written, relating to the subject matter hereof and thereof, including
without limitation the Old Loan Agreement, if any.

 

		8.	This Agreement, including the validity hereof and thereof and the rights and obligations of the parties hereunder and thereunder,
shall be construed in accordance with and governed by the laws of Switzerland (without reference to conflicts of laws principles).
The place of jurisdiction shall be Zurich. The provisions of this Agreement are severable; the unenforceability of any provision
of this Agreement shall not affect the validity, binding effect and enforceability of any other provision or provisions of this
Agreement .

 

IN WITNESS WHEREOF, the parties
hereto have caused this Loan Agreement to be duly executed as of the day and year first above written.

 

	DUFRY FINANCIAL SERVICES B.V.	 	THE NUANCE GROUP (CANADA) INC.
	 	 	 
	/s/
    Luis Marin Mas Sarda	 	/s/
    Luis Marin Mas Sarda
	By: Luis Marin Mas Sarda	 	By: Luis Marin Mas Sarda
	Title: Authorized Signatory	 	Title: Authorized Signatory
	 	 	 
	/s/ Andreas Schneiter	 	/s/ Andreas Schneiter
	By: Andreas Schneiter	 	By: Andreas Schneiter
	Title: Authorized Signatory	 	Title: Authorized SignatoryExhibit 10.6

 

ASSIGNMENT AGREEMENT 

 

THIS ASSIGNMENT AGREEMENT
(this “Agreement”) is made as of November 1, 2017, by and between, Grow Solutions Holdings, LLC, a Colorado
limited liability company (the “Assignor”) and TCA Share Holdings, LLC, a Nevada limited liability company (the
“Assignee”).

 

WITNESSETH 

 

WHEREAS, on May 24,
2017, the Assignor was issued 51 shares of Series A Preferred Stock, par value $0.001 per share (the “Preferred Stock”),
of Grow Solutions Holdings, Inc., a Nevada corporation (the “Company”); and

 

WHEREAS, the Assignor
desires to irrevocably transfer and assign to the Assignee all of the Assignor’s right, title and interest in and to all
of the Preferred Stock of the Company (the “Shares”) for a cash payment in the amount of $50.00 by the Assignee (the
“Cash Payment”), and the Assignee wishes to assume all of Assignor’s right, title and interest in and to the
Shares for the Cash Payment to the Assignor.

 

NOW, THEREFORE, in
consideration hereof and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto agree as follows:

 

1.       Incorporation
of Recitals. The recitals set forth hereinabove are hereby incorporated herein by this reference with the same force and effect
as if fully hereinafter set forth.

 

2.       Assignment.
Assignor is a shareholder of the Company, shall receive the Cash Payment, and believes the Company and the Assignor will benefit
from the assignment of the Shares. Assignor hereby acknowledges such benefit and in consideration of the benefit to Assignor and
the Company, Assignor hereby irrevocably assigns, transfers and conveys to the Assignee or Assignee’s assigns, all of Assignor’s
right, title and interest in and to the Shares.

 

3.       Counterparts.This
Agreement may be executed in two or more counterparts, each of which shall be deemed an original, and all of which shall constitute
one and the same agreement. A faxed or electronic copy of this Agreement shall be deemed an original.

 

4.       Governing
Law Jurisdiction; Venue. Except in the case of the mandatory forum selection clause set forth below, this Agreement shall be
construed and interpreted in accordance with the laws of the State of New Jersey without regard to the principles of conflicts
of laws. Any dispute arising under, relating to, or in connection with the Agreement or related to any matter which is the subject
or incidental to the Agreement, shall be subject to the exclusive jurisdiction and venue of the state and/or federal courts located
in New Jersey. This provision is intended to be a mandatory forum selection clause and governed by and interpreted consistent with
New Jersey law.

 

[Signature page follows]

 

    

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Assignment Agreement to be executed the day and year first above written.

 

	 	ASSIGNOR:
	 	 	 
	 	GROW SOLUTIONS HOLDINGS LLC
	 	 	 
	 	By: 	/s/ Jeffrey Beverly
	 	Name:	Jeffrey Beverly
	 	Title: 	Member
	 	 	 
	 	By: 	/s/ Howard Karasik
	 	Name: 	Howard Karasik
	 	Title: 	Member
	 	 	 
	 	By: 	/s/ Peter Lau
	 	Name:	Peter Lau
	 	Title: 	Member
	 	 	 
	 	By: 	/s/ William Hayde
	 	Name:	William Hayde
	 	Title: 	Member
	 	 	 
	 	By: 	/s/ Leslie Bocskor
	 	Name:	Leslie Bocskor
	 	Title: 	Member

 

 

[ - Signature Page 1 of 2 of Assignment
Agreement - ]

 

    

     

    

 

	 	ASSIGNEE:
	 	 	 
	 	TCA SHARE HOLDINGS LLC
	 	 	 
	 	By: 	/s/ Robert Press
	 	Name: 	Robert Press
	 	Title: 	Manager
	 	 	 
	 	By: 	/s/ Alyce Schreiber
	 	Name: 	Alyce Schreiber
	 	Title: 	Manager

 

 

[ - Signature Page 2 of 2 of Assignment
Agreement - ]PROMISSORY
NOTE

 

	$100,000	August
    30, 2017

 

FOR
VALUE RECEIVED, Acorn Energy, Inc., a Delaware corporation, (the “Maker”), with an address at 10451 Mill Run Circle,
Suite 400, Owings Mills, Maryland 21117-5577, promises to pay to the order of Edgar Woolard (the “Holder”), the principal
amount of ONE HUNDRED THOUSAND DOLLARS ($100,000.00) (the “Principal Amount”), together with interest thereon from
the date hereof, in accordance with the terms of this Promissory Note (this “Note”), as hereafter set forth.

 

The
Principal Amount of this Note represents an Additional Loan, as such term is defined pursuant to Section 7 of that certain note
dated February 15, 2017 by and between the Maker and the Holder, which was one of a series of notes of the same tenor (the “Bridge
Notes’) issued to lenders who made and/or committed to make loans to the Maker beginning on February 15, 2017.

 

1.
Interest. Interest will accrue on the unpaid balance of the Principal Amount of this Note from the date hereof until the
February 15, 2018 at the rate of 8.0% per annum. Interest on any unpaid Principal Amount of this Note outstanding after February
15, 2018 shall accrue at the rate of 12.5% per annum. Interest on this Note shall be computed on the basis of the actual number
of days elapsed over a year comprised of 365 days.

 

2.
Repayment of Principal. The unpaid Principal Amount, together with interest accrued thereon, shall be repayable on April
30, 2018, or if the obligation to repay the Principal Amount of and interest accrued on this Note shall be accelerated to an earlier
date under Sections 4(b) or 6 hereof, such earlier date (such original or accelerated maturity date being referred to herein as
the “Maturity Date”).

 

3.
Application of Payments. Any payments on account of this Note, when paid, shall be applied first to the payment of all
interest then due on the unpaid balance of the Principal Amount and the balance, if any, shall be applied in reduction of the
unpaid balance of the Principal Amount. Any payment under this Note on a day on which Holder is not open to conduct business shall
be made on the next succeeding business day.

 

4.
Optional Prepayment; Mandatory Prepayment.

 

(a)
The Maker may prepay the unpaid balance of the Principal Amount in whole at any time or in part from time to time without premium
or penalty; provided, that any such prepayment is accompanied by interest accrued and unpaid on the amount so prepaid to the date
of such prepayment.

 

(b)
In the event of the sale of all or any portion of the Maker’s shares of DSIT Solutions Ltd. (the “DSIT Shares”),
the Maker shall pay the net proceeds of such sale to the Holder and to the holders of the other Bridge Notes pro rata to the aggregate
outstanding principal amount of such Bridge Notes, respectively, to be applied against the obligations of the Maker to the Holder
under this Note and to the other holders of the Bridge Notes.

 

    	 	 	 

     

    

 

5.
Conversion into OMX Holdings, Inc. Shares. If all or part of the Principal Amount of this Note and/or interest accrued
thereon shall remain unpaid after the Maturity Date, then at the election of the Holder made in writing at any time following
the Maturity Date, and with the consent of the Maker at the time of such conversion, the Holder may receive in satisfaction of
such overdue amounts, shares of the OMX Holdings, Inc. common stock owned by Maker, based on an independent valuation for OMX
to be obtained at the time of such conversion.

 

6.
Default. The term “Default,” as used herein, means the occurrence of any one or more of the following events:

 

(a)
Maker shall fail to make any payment of the principal or any interest accrued thereon when such payment shall become due;

 

(b)
Maker or any subsidiary of Maker shall sell or transfer a substantial portion of its assets other than in the ordinary course
of business, other than a sale the net proceeds of which are utilized to make payment against the Principal Amount of this Note
and the other Bridge Notes and any interest accrued thereon; or

 

(c)
Maker shall commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to
itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment
of a trustee, receiver, liquidator, custodian or other similar official of its or any substantial part of its property, or shall
consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other
proceeding commenced against it, or shall make a general assignment for the benefit of creditors, or shall fail generally, or
shall admit in writing its inability, to pay its debts as they become due, or shall take any other action to authorize any of
the foregoing.

 

Upon
the occurrence of a Default, upon written notice by the Holder to the Maker, the maturity of this Note may be accelerated and
the unpaid balance of the Principal Amount then outstanding together with interest accrued and unpaid thereon shall be declared
to be immediately due and payable.

 

7.
Address for Payments. All payments of the unpaid balance of the Principal Amount and interest thereon shall be paid in
lawful money of the United States of America during regular business hours of the Holder at Holder’s address set forth at
the foot hereof or at such other place as the Holder or any other holder of this Note may at any time or from time to time designate
in writing to the Maker.

 

8.
Remedies Cumulative. Each right, power and remedy of the Holder as provided for in this Note or now or hereafter existing
at law or in equity or by statute or otherwise shall be cumulative and concurrent and shall be in addition to every other right,
power, or remedy provided for in this Note or now or hereafter existing at law or in equity or by statute or otherwise, and the
exercise or beginning of the exercise by the Holder of any one or more of such rights, powers, or remedies shall not preclude
the simultaneous or later exercise by the Holder of any or all such other rights, powers, or remedies. No failure or delay by
the Holder to insist upon the strict performance of any term, condition, covenant, or agreement of this Note, or to exercise any
right, power, or remedy consequent upon a breach thereof, shall constitute a waiver of any such term, condition, covenant, or
agreement or of any such breach, or preclude the Holder from exercising any such right, power, or remedy at any later time or
times. By accepting payment after the due date of any amount payable under this Note, the Holder shall not be deemed to waive
the right to declare an event of default for failure to effect such prompt payment of any such other amount.

 

    	1

    	 

    

 

9.
Governing Law. This Note shall be governed by and construed under the laws of the State of Delaware without reference to
the choice of law provisions thereof. Any proceeding relating to any dispute arising out of or related to this Note shall be brought
exclusively in the state or federal courts located in Wilmington, Delaware.

 

10.
Waivers, Etc. All parties to this Note, including endorsers, sureties and guarantors, if any, hereby waive presentment
for payment, demand, protest, notice of non-payment or dishonor, and of protest, and any and all other notices and demands whatsoever
and agree to remain bound hereunder until the interest and Principal Amount are paid in full notwithstanding any (a) release,
surrender, waiver, addition, substitution, exchange, compromise, modification of or to or indulgence granted with respect to this
Note or all or any part of any collateral or security for this Note; (b) extension or extensions of time for payment which may
be granted, even though the period of extension may be indefinite; and (c) inaction by, or failure to assert any legal right available
to the holder of this Note.

 

[Remainder
of Page Left Intentionally Blank]

 

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IN
WITNESS WHEREOF, the Maker has executed this instrument, the day and year first above written.

 

 

	 	ACORN
    ENERGY, INC.
	 	 	 
	 	By:	 
	 	Name:	Jan
    Loeb
	 	Title:	President
    & Chief Executive Officer

 

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