Document:

Blueprint

 

Exhibit 10.3

 

ROOT9B HOLDINGS, INC.

 

WAIVER OF ANTI-DILUTION RIGHTS

 

Effective
May 21, 2017

 

Whereas,
root9B Holdings, Inc. (the “Company”) has approximately
$1,600,000 in unsecured convertible promissory notes outstanding
(as amended, the “Notes”) that may be converted by the
holders thereof into an aggregate of up to approximately 95,238
shares of Common Stock of the Company (“Shares”) and,
in connection therewith, warrants (the “Warrants”) to
purchase an aggregate of up to 84,666 Shares;

 

Whereas, the
Company wishes to amend the Notes (the “Note
Amendment”) to provide for a conversion price not less than
$8.00 per Share, which is less than the Exercise Price (as defined
in the March Agreement (as defined below) after giving effect to
the reverse stock split (the “Reverse Split”) effected
by the Company pursuant to an amendment to the Company’s
Amended and Restated Certificate of Incorporation filed with the
Delaware Secretary of State on December 1, 2016) and to amend the
Warrants (the “Warrant Amendment”) to provide for an
exercise price per Share not less than $8.00, which is less than
the Applicable Exercise Price Per Share (as defined in the March
Warrants (as defined below) and after giving effect to the Reverse
Split);

 

Whereas,
as a result of the Note Amendment, the Company may be required to
issue an additional 104,762 Shares (the “Additional
Shares”) to the holders of the Notes and the
Warrants;

 

Whereas, the
undersigned are parties to that certain Amended and Restated
Securities Purchase Agreement, dated March 10, 2016 (the
“March Agreement”) providing the undersigned with
certain rights upon the issuance of Additional Stock (as defined in
the March Agreement); and

 

Whereas, the
Company has issued warrants, each dated as of March 10, 2016 (the
“March Warrants”), to the undersigned, providing the
undersigned with certain rights upon the issuance of Additional
Stock (as defined in the March Warrants).

 

Now,
therefore, the undersigned, constituting all of the
Qualified Holders (as defined in the March Agreement) and the
Registered Holder (as defined in the March Warrant) under each
March Warrant, do hereby acknowledge and agree that any Additional
Shares issued upon conversion of the Notes and any Additional
Shares issued upon exercise of the Warrants shall be excluded from
the definition of, and shall not constitute, Additional Stock (as
that term is defined in the March Agreement and the March Warrants)
under the March Agreement and the March Warrants, and the
undersigned do hereby waive any rights that would arise in the
event that any of the foregoing securities constituted Additional
Stock under the March Agreement and/or the March
Warrants.

 

 

[Signature
page follows.]

 

 

 

 

This
Waiver of Anti-Dilution Rights shall be effective as of the date
first set forth above. This Waiver of Anti-Dilution Rights may be
executed in any number of counterparts, each of which shall
constitute an original and all of which together shall constitute
one action. Any copy, facsimile or other reliable reproduction of
this action may be substituted or used in lieu of the original
writing for any and all purposes for which the original writing
could be used, provided that such copy, facsimile or other
reproduction be a complete reproduction of the entire original
writing.

 

	
 

	
Qualified
Holders:

 

 

[INVESTOR]

 

 

By:
_______________________________

Name:
_____________________________

Its:
________________________________

 

Acknowledged
and agreed by:

 

root9B
Holdings, Inc.

 

By:
_______________________________

Name:
_____________________________

Its:
________________________________Blueprint

 

Exhibit 10.4

 

ROOT9B HOLDINGS, INC.

 

WAIVER OF FINANCIAL COVENANTS

 

Effective
May 1, 2017

 

Whereas,
root9B Holdings, Inc. (the “Company”) has issued to the
undersigned Holder a secured convertible promissory note (the
“Note”) pursuant the Securities Purchase Agreement,
dated as of September 9, 2016, by and among the Company and the
Purchasers identified therein;

 

Whereas,
Section 4(i) of the Note requires that the Company, excluding
IPSA International, Inc., the
Company’s wholly-owned subsidiary
(“IPSA”), maintain a positive Working Capital
(as defined in the Note) of at least $1.00 for each month
end;

 

Whereas,
Section 4(j) of the Note request that the Company, excluding IPSA,
maintain sufficient cash on hand equal to or greater than the
largest salary payroll paid during the preceding 90 days (after
April 30, 2017 and as adjusted for reductions in work force);
and

 

Whereas,
Section 11 of the Note requires the consent of the Holder to waive
the Company’s compliance with respect to any covenant
contained in the Note;

 

Now,
therefore, the undersigned Holder does hereby waive the
Company’s convent to comply with Sections 4(i) and 4(j) of
the Note through July 31, 2017.

 

 

[Signature
page follows.]

 

 

 

 

This
Waiver of Financial Covenants shall be effective as of the date
first set forth above. This Waiver of Financial Covenants may be
executed in any number of counterparts, each of which shall
constitute an original and all of which together shall constitute
one action. Any copy, facsimile or other reliable reproduction of
this action may be substituted or used in lieu of the original
writing for any and all purposes for which the original writing
could be used, provided that such copy, facsimile or other
reproduction be a complete reproduction of the entire original
writing.

 

	
 

	

Holder:

 

 

[●]

 

 

By:
_______________________________

Name:
_____________________________

Its:
________________________________Blueprint

 

 Exhibit
10.5

 

AMENDMENT NO. 1 TO

COMMON STOCK PURCHASE WARRANT

 

 

This Amendment No.
1 (the “Amendment”) to that
certain Common Stock Purchase Warrant (the “Warrant”) issued to the
undersigned (the “Registered Holder”)
pursuant to that certain Amended and Restated Securities Purchase
Agreement (as amended, the “Agreement’) first dated
as of March 10, 2016, by and among root9B Holdings, Inc. (formerly
known as root9B Technologies, Inc.), a Delaware corporation (the
“Company”) and the
Purchasers (as defined therein), is entered into effective as of
June 1, 2017 (the “Effective Date”).
Capitalized terms used in this Amendment that are not otherwise
defined herein shall have the respective meanings assigned to them
in the Warrant.

 

RECITALS

 

Whereas, the
Company has agreed to amend the Warrant in order to extend the
period in which the Warrant may be exercised by one
year;

 

Whereas,
pursuant to Section 15 of the Warrant, the Warrant may be amended
only with the written consent of the Company and the Registered
Holder; and

 

Whereas, the
Registered Holder and the Company desire to amend the Warrant as
set forth herein.

 

AGREEMENT

 

Now, Therefore, in consideration of the foregoing and of the
mutual promises and conditions hereinafter set forth, the parties
hereto agree as follows:

 

A.

Amendment of Expiration Date.
Section 5 of the Warrant is hereby amended, restated and replaced
in its entirety with the following

 

5.
Termination. This
Warrant (and the right to purchase securities upon exercise hereof)
shall terminate six (6) years from the date of issuance of this
Warrant (the “Expiration Date”).

 

B.

Representations of the Company.
The Company represents and warrants as follows:

 

a.

Organization. The Company is a
corporation duly organized and validly existing under the laws of
the jurisdiction of its incorporation and has all requisite
corporate power and legal authority to own and use its properties
and assets and carry on its business as now conducted and to own
its properties. The Company is not in violation of any of the
provisions of its Certificate of Incorporation or
Bylaws.

 

b.

Authorization; Enforcement. The
Company has all corporate right, power and authority to enter into
this Amendment and to consummate the transactions contemplated
hereby and thereby. All corporate action on the part of the
Company, its directors and stockholders necessary for the
authorization, execution, delivery and performance of this
Amendment by the Company, the authorization, sale, issuance and
delivery of the Securities contemplated herein and the performance
of the Company’s obligations hereunder and thereunder has
been taken, other than obtaining the requisite filings necessary to
authorize and effect the issuance of Warrant Shares upon exercise
of the Warrants. This Amendment has been duly executed and
delivered by the Company and constitutes the legal, valid and
binding obligation of the Company, enforceable against the Company
in accordance with its terms, except: (i) as limited by general
equitable principles and applicable bankruptcy, insolvency,
reorganization, moratorium and other laws of general application
affecting enforcement of creditors’ rights generally, (ii) as
limited by laws relating to the availability of specific
performance, injunctive relief or other equitable remedies and
(iii) insofar as indemnification and contribution provisions may be
limited by applicable law.

 

 

1

 

 

C.

Representations of Registered
Holder. Registered Holder hereby represents and warrants as
follows:

 

a.

Organization; Authority.
Registered Holder is either an individual or an entity duly
incorporated or formed, validly existing and in good standing under
the laws of the jurisdiction of its incorporation or formation with
full right, corporate, partnership, limited liability company or
similar power and authority to enter into and to consummate the
transactions contemplated by this Amendment and otherwise to carry
out its obligations hereunder. The execution and delivery of this
Amendment and performance by Registered Holder of the transactions
contemplated by this Amendment have been duly authorized by all
necessary corporate, partnership, limited liability company or
similar action, as applicable, on the part of Registered Holder.
This Amendment has been duly executed by Registered Holder, and
when delivered by Registered Holder in accordance with the terms
hereof, shall constitute the valid and legally binding obligation
of Registered Holder, enforceable against it in accordance with its
terms, except: (i) as limited by general equitable principles and
applicable bankruptcy, insolvency, reorganization, moratorium and
other laws of general application affecting enforcement of
creditors’ rights generally, (ii) as limited by laws relating
to the availability of specific performance, injunctive relief or
other equitable remedies and (iii) insofar as indemnification and
contribution provisions may be limited by applicable
law.

 

D.

Full Force and Effect. All of
the provisions of the Warrant are ratified and confirmed except as
modified by this Amendment.

 

E.

Counterpart. This Amendment may
be executed in counterparts, each of which shall be deemed an
original but all of which together shall be deemed one original.
PDF or facsimile copies of manually executed signature pages to
this Amendment are fully binding and enforceable without the need
for delivery of the original manually executed signature
page.

 

 

2

 

 

F.

Governing Law. This Amendment
shall be governed by the laws of the state of Delaware, without
giving effect to conflict of law principles.

 

G.

Independent Counsel. The
Registered Holder represents that it has had the opportunity to
consult with its own counsel concerning entry into this Amendment,
including, but not limited to, any potential reporting requirements
and trading restrictions under the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), arising
from or in connection with the transactions contemplated by this
Amendment and the Agreement (including Sections 10, 13 and 16 of
the Exchange Act).

 

H.

Cooperation. Each party hereto
agrees to execute and deliver such additional documents and
instruments and to perform such additional acts as any party may
reasonably request or as may be reasonably necessary or appropriate
to effectuate, consummate and perform any other terms, provisions,
or conditions of this Amendment.

 

[Remainder of page intentionally left blank. Signature page
follows.]

 

 

3

 

IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed by their respective authorized signatories as of
the Effective Date.

 

 

	

 

	ROOT9B
HOLDINGS, INC.	

 

	

 

	

 

	

 

	

 

	
 

	
By:  

	
 

	

 

	

 

	

Name: 

	

 

	

 

	

Title: 

	

 

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

[SIGNATURE
PAGE FOR REGISTERED HOLDER FOLLOWS]

 

 

4

 

Agreed
to and accepted:

 

 

REGISTERED
HOLDERS:

 

 

 

	

 

	[INVESTOR]	

 

	

 

	

 

	

 

	

 

	
 

	
By:  

	
 

	

 

	

 

	Name:
	

	

 

	

 

	
Its:	

 

	

 

  

 

 

 

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