Document:

ex10-48.htm

Exhibit 10.49

 

 

Pursuant to Instruction 2 of Item 601(a) of Regulation S-K, the Company has filed only the form of this Extension of Maturity Date of Convertible Debenture although the Company has entered into various such Extension of Maturity Date of Convertible Debenture that are substantially identical in all material respects except as to the parties thereto and certain other details. The Schedule that follows the form of Extension of Maturity Date of Convertible Debenture identifies each Extension of Maturity Date of Convertible Debenture that have not been filed (or incorporated by reference) because they are substantially identical in all material respects to the form of Extension of Maturity Date of Convertible Debenture that is being filed, and sets forth the material details in which the each omitted Extension of Maturity Date of Convertible Debenture differ from the form of Extension of Maturity Date of Convertible Debenture that is being filed.

  

EXTENSION OF MATURITY DATE OF CONVERTIBLE DEBENTURE

  

This Extension of Maturity Date of Convertible Debenture (“Extension”) is by and between the individual or entity named on an executed counterpart of the signature page hereto (each such signatory is referred to as “Holder”) and OmniComm Systems, Inc., a Delaware corporation (“Maker”) and is entered into as of the day the last Holder executes a copy of this Extension.

 

WHEREAS, Maker has delivered to each Holder that certain     % Convertible Debenture Series ( ) of the Maker (“Convertible Debenture”) dated            in the aggregate to Holder in the principal of $               . 

 

WHEREAS, the Maturity Date of the Convertible Debentures, as that term is defined in the Convertible Debenture, is                , and all principal and interest due thereunder remain unpaid as of the date hereof.

 

WHEREAS, the parties have agreed to extend the Maturity Date.

 

WHEREAS, each holder has all requisite power, authority, and capacity to enter into this Extension and to extend the Maturity Date of the Convertible Debenture.

 

NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained, and other good and valuable consideration, the receipt of which is hereby acknowledged, each Holder and the Maker hereby agree as follows:

 

	 	
1.
	
Recitals. The foregoing recitals are true and correct.

 

	
 
	
2.
	
Extension of Maturity Date. The Maturity Date is hereby extended to                .

 

	 	
3.
	
No Other Changes. Except as specifically set forth herein, all other terms and conditions of the Convertible Debenture remain in full force and effect.

 

	
 
	
4.
	
Warrants Extension. Maker hereby agrees to extend the expiration date on the Warrants issued in connection with the Convertible Debenture on December 16, 2008, which were originally expected to expire on                . The new expiration date is                .

 

 

 

 

 

 

IN WITNESS WHEREOF, this Extension of Maturity Date of Convertible Debenture is executed as of the day and date the last Holder executes a copy of this Extension.

  

 

	
 
	
OmniComm Systems, Inc.
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
By: 
	
/s/ 
	
 

	
 
	
 
	
 (name)
	
 

	
 
	
 
	
 (title)
	
 

 

[HOLDERS SIGNATURE PAGE FOLLOWS]

  

 

 

 

 

   

[EXTENSION OF MATURITY DATE OF CONVERTIBLE DEBENTURE SIGNATURE PAGE]

 

IN WITNESS WHEREOF, the undersigned represents that it has caused this extension of Maturity Date of Convertible Debenture and Warrants to be duly executed on its behalf (if an entity, by one of its officers thereunto duly authorized) as of the date written below.

  

 

	 	HOLDER:	 
	 	 	 
	 	 	 
	 	Printed Name of Holder	 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
By: 
	
/s/ 
	
 

	
 
	
 
	
 (Signature of Holder or Authorized Person)
	
 

	
 
	
 
	
 
	
 

	 	 	 	 
	 	 	 	 
	 	 	
Printed Name and Title if Authorized Person
	 
	 	 	 	 
	 	 	 	 
	 	 	Date 	 

  

 

 

 

 

    

SCHEDULE OF SUBSTANTIALLY IDENTICAL 

EXTENSION OF MATURITY DATE OF CONVERTIBLE DEBENTURE

 

Pursuant to Instruction 2 of Item 601(a) of Regulation S-K, the Company has filed only the form of this Extension of Maturity Date of Convertible Debenture although the Company has entered into various such Extension of Maturity Date of Convertible Debenture that are substantially identical in all material respects except as to the parties thereto and certain other details. The following schedule identifies each Extension of Maturity Date of Convertible Debenture that have not been filed (or incorporated by reference) because they are substantially identical in all material respects to the form of Extension of Maturity Date of Convertible Debenture that is being filed, and sets forth the material details in which each omitted Extension of Maturity Date of Convertible Debenture differ from the form of Extension of Maturity Date of Convertible Debenture that is being filed.

 

	
Date of Agreement
	
 

Name of Holder
	
 

Amount
	
 

Series of Convertible Debentures and Warrants
	
Balance Due and Expiration of Warrants
	
Amount Outstanding at December 31, 2015 

	
February 22, 2013 (1)
	
Randall G. Smith

2101 West Commercial Blvd, Suite 3500, Ft. Lauderdale, FL 33309
	
$5,000 

and 

10,000 warrants
	
December 2008
	
Changed from December 16,2013 to January 1, 2016
	
$0

and

10,000 warrants

	
January 31, 2015(1)
	
Cornelis F. Wit

2101 West Commercial Blvd, Suite 3500, Ft. Lauderdale, FL 33309
	
$4,475,000 

and

8,950,000warrants
	
December 2008
	
Changed from January 1, 2016 to April 1, 2017
	
$4,055,000 

and

8,950,000warrants

	
January 31, 2015 (1)
	
Cornelis F. Wit

2101 West Commercial Blvd, Suite 3500, Ft. Lauderdale, FL 33309
	
$1,770,000 

and 

3,540,000 warrants
	
August 2008
	
Changed from January 1, 2016 to April 1, 2017
	
$1,770,000 

and 

3,540,000 warrants

	
April 27, 2015 (1)
	
Fernando Montero Incentive Savings Trust

2665 South Bayshore Dr # 715, Miami, FL 33133
	
$200,000 

and 

400,000 warrants
	
December 2008
	
Changed from January 1, 2016 to April 1, 20018
	
$200,000 

and 

400,000 warrants

	
April 30, 2015 (1)
	
Stephen Johnson

2101 West Commercial Blvd, Suite 3500, Ft. Lauderdale, FL 33309
	
$25,000 

and 

50,000 warrants
	
December 2008
	
Changed from January 1, 2016 to April 1, 2018
	
$25,000 

and 

50,000 warrants

	
May 7, 2015 (1)
	
Matthew D. Veatch

2101 West Commercial Blvd, Suite 3500, Ft. Lauderdale, FL 33309
	
$15,000 

and 

30,000 warrants
	
December 2008
	
Changed from January 1, 2016 to April 1, 2018
	
$15,000 

and 

30,000 warrants

	
May 1, 2015 (1)
	
Guus van Kesteren

2700 North Military Trail, Boca Raton, FL 33431
	
$160,000 

and 

320,000 warrants
	
December 2008
	
Changed from January 1, 2016 to April 1, 2017
	
$160,000 

and 

320,000 warrants

	
June 30, 2015 (1)
	
Noesis International Holdings

2700 North Military Trail, Boca Raton, FL 33431
	
$100,000 

and

200,000 warrants
	
December 2008
	
Changed from April 1, 2016 to April 1, 2017
	
$100,000

and 

200,000 warrants

	
June 30, 2015 (1)
	
Guus van Kesteren

2700 North Military Trail, Boca Raton, FL 33431
	
$150,000

and 

300,000 warrants
	
August 2008
	
Changed from April 1, 2016 to April 1, 2017
	
$150,000

and

300,000 warrants

	  	  	  	  	  	  

	 	
(1)
	
This Extension of Maturity Date of Convertible Debenture supersedes and replaces a prior Extension of Maturity Date of Convertible Debenture to the holder, extends the maturity date of the Convertible Debenture and expiration date of the Warrants of the prior Extension of Maturity Date of Convertible Debenture.ex10-49.htm

Exhibit 10.50 

  

Pursuant to Instruction 2 of Item 601(a) of Regulation S-K, the Company has filed only the form of this Extension of Maturity Date of Warrants although the Company has entered into various such Extension of Maturity Date of Warrants that are substantially identical in all material respects except as to the parties thereto and certain other details. The Schedule that follows the form of Extension of Maturity Date of Warrants identifies each Extension of Maturity Date of Warrants that have not been filed (or incorporated by reference) because they are substantially identical in all material respects to the form of Extension of Maturity Date of Warrants that is being filed, and sets forth the material details in which the each omitted Extension of Maturity Date of Warrants differ from the form of Extension of Maturity Date of Warrants that is being filed.

  

EXTENSION OF MATURITY DATE OF WARRANTS

 

This Extension of Maturity Date of Warrants (“Extension”) is by and between the individual or entity named on the executed counterpart of the signature page hereto (such signatory is referred to as “Holder”) and OmniComm Systems, Inc., a Delaware corporation (“Maker”) and is entered into as of the day the Holder executes a copy of this Extension.

 

WHEREAS, Maker has delivered to Holder that certain 12% Promissory Note of the Maker (“Promissory Note”) dated __________ in the aggregate to the Holder in the principal of $_____________. 

 

WHEREAS, the Maturity Date of the Promissory Note, as that term is defined in the Promissory Note, was__________, and the principal due thereunder remains unpaid as of the date hereof.

 

WHEREAS, the parties have agreed to extend the Maturity Date of the Promissory Note to January 01, 2019.

 

WHEREAS, Holder has all requisite power, authority, and capacity to enter into this Extension and to extend the Maturity Date of the Warrants.

 

NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained, and other good and valuable consideration, the receipt of which is hereby acknowledged, Holder and the Maker hereby agree as follows:

 

	 	
1.
	
Recitals. The foregoing recitals are true and correct.

 

	 	
2.
	
No Other Changes. Except as specifically set forth herein, all other terms and conditions of the Promissory Note remain in full force and effect.

 

	 	
3.
	
Warrants Extension. Maker hereby agrees to extend the expiration date on the Warrants issued in connection with the $___________ of principal from the Promissory Note on____________, which were originally scheduled to expire on__________. The new expiration date is____________.

 

 

 

 

 

 

IN WITNESS WHEREOF, this Extension of Maturity Date of the Warrants associated with the Promissory Note is executed as of the day and date the Holder executes a copy of this Extension.

   

	
 
	
 OmniComm Systems, Inc.
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
By: 
	
/s/ 
	
 

	
 
	
 
	
 [name]
	
 

	
 
	
 
	
 ex10-49.htm
	
 

  

[HOLDERS SIGNATURE PAGE FOLLOWS]

  

 

 

 

 

   

IN WITNESS WHEREOF, the undersigned represents that it has caused this extension of Maturity Date of Warrants to be duly executed on its behalf (if an entity, by one of its officers thereunto duly authorized) as of the date written below.

   

 

	 	HOLDER:	 
	 	 	 
	 	 	 
	 	Printed Name of Holder	 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
 
	
By: 
	
/s/ 
	
 

	
 
	
 
	
 (Signature of Holder or Authorized Person)
	
 

	
 
	
 
	
 
	
 

	 	 	 	 
	 	 	Printed Name and Title if Authorized Person	 
	 	 	 	 
	 	 	 	 
	 	 	Date 	 

 

 

 

 

 

 

SCHEDULE OF SUBSTANTIALLY IDENTICAL 

EXTENSION OF MATURITY DATE OF WARRANTS

 

Pursuant to Instruction 2 of Item 601(a) of Regulation S-K, the Company has filed only the form of this Extension of Maturity Date of Warrants although the Company has entered into various such Extension of Maturity Date of Warrants that are substantially identical in all material respects except as to the parties thereto and certain other details. The following schedule identifies each Extension of Maturity Date of Warrants that have not been filed (or incorporated by reference) because they are substantially identical in all material respects to the form of Extension of Maturity Date of Warrants that is being filed, and sets forth the material details in which each omitted Extension of Maturity Date of Warrants differ from the form of Extension of Maturity Date of Warrants that is being filed.

 

	
Date of Agreement
	
Name of Holder
	
Amount of Warrants
	
Principal Amount and date of associated Promissory Note
	
Expiration of Warrants
	
Amount Outstanding at December 31, 2015 

	
October 15, 2015(1)
	
Cornelis F. Wit

2101 West Commercial Blvd, Suite 3500, Ft. Lauderdale, FL 33309
	
11,440,000
	
$2,860,000 dated January 31, 2015
	
Changed from April 1, 2017 to January 1, 2019
	
0

	
October 15, 2015(1)
	
Cornelis F. Wit

2101 West Commercial Blvd, Suite 3500, Ft. Lauderdale, FL 33309
	
6,400,000
	
$1,600,000 dated April 4, 2014
	
Changed from April 1, 2017 to January 1, 2019 
	
0

	
October 15, 2015(1)
	
Cornelis F. Wit

2101 West Commercial Blvd, Suite 3500, Ft. Lauderdale, FL 33309
	
2,116,000
	
$529,000 dated January 31, 2015 
	
Changed from April 1, 2017 to January 1, 2019
	
0

	
October 15, 2015
	
Cornelis F. Wit

2101 West Commercial Blvd, Suite 3500, Ft. Lauderdale, FL 33309
	
3,920,000
	
$980,000 dated January 1, 2014 
	
Changed from April 1, 2017 to January 1, 2019
	
0

	
October 15, 2015
	
Cornelis F. Wit

2101 West Commercial Blvd, Suite 3500, Ft. Lauderdale, FL 33309
	
3,800,000
	
$950,000 dated January 31, 2015
	
Changed from April 1, 2017 to January 1, 2019
	
0

	 	
(1)
	
This Extension of Maturity Date of Warrants supersedes and replaces a prior Extension of Maturity Date of Warrants to the holder, extends the expiration date of the Warrants of the prior Extension of Maturity Date of Warrants.

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