Document:

EXHIBIT 10.15

 

 

 

 

 

AMENDMENT
#1 TO THE

ACQUISITION
AND PURCHASE AGREEMENT

DATED
AS OF February 9, 2018, BUT EFFECTIVE

NOVEMBER
1, 2017

BY AND
BETWEEN

 

TPT GLOBAL TECH, INC.

 

AND

 

HOLLYWOOD RIVIERA LLC

HRS MOBILE LLC 

 

AND THEIR

 

MEMBERS

 

 

 

 

 

 

 

 

 

 

 

    	1 

    	 

    

 

AMENDMENT #1 TO THE 

 

ACQUISITION AND PURCHASE AGREEMENT 

 

This AMENDMENT,
dated as of February 9, 2018 but effective November 1, 2017, (the "Amendment #1"), is by and between TPT Global Tech,
Inc. ("TPTG" or “Purchaser”), a Florida Corporation and the Members of Hollywood Riviera Studio LLC and HRS
Mobile LLC (“Members” as originally defined) and Hollywood Riviera Studios, LLC, a California Limited Liability Company
(“HRS”), HRS Mobile LLC, a California Limited Liability Company (”HRS Mobile”).

WHEREAS, the Purchaser,
HRS and HRS Mobile entered into an Acquisition and Purchase Agreement dated as of November 1, 2017, (“the Agreement”),
by and between TPTG and HRS, HRS Mobile and their Members;

 

WHEREAS, TPTG has
proposed that HRS Mobile and HRS agree to amend the Agreement to close the transaction and accept a promissory note in lieu of
the cash consideration;

WHERAS, HRS Mobile
and the HRS Mobile Members have declined the proposal and instead have given timely notice of termination of the Agreement and
TPTG has agreed to accept the termination with respect to HRS Mobile only;

WHEREAS, HRS and
the HRS Members (also called the “HRS Sellers”) have agreed to the TPTG proposal to amend the Agreement by among other
things agreeing to close the transaction and accept a promissory note in lieu of the cash consideration;

NOW, THEREFORE,
TPTG and HRS, HRS Mobile and their Members, in consideration of the foregoing and to document the respective intentions, representations,
warranties, covenants and agreements by and between the undersigned, and for other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, and intending to be legally bound hereby, agree to amend the Agreement to exclude
HRS Mobile from the Agreement such that any reference to HRS Mobile is eliminated and that Members is now defined as the Members
of HRS only, that Purchased Interests is now defined as those membership interests of HRS only outlined on amended Exhibit A included
herein and that consideration references in Section 1.01 and other relevant provisions are amended as follows:

AMENDMENT

The Parties hereby amend the specific provisions
of the Agreement set forth below. All other terms and conditions of the Agreement shall not be modified in this Amendment #1 and
shall remain in full force and effect and be considered incorporated herein as part of Amendment #1. To the extent of any conflict
between the provisions of this Amendment and the Agreement, this Amendment shall take precedence.

 

 

    	2 

    	 

    

PARTIES

The Agreement is hereby
amended to exclude HRS Mobile from the Agreement such that any reference to HRS Mobile is eliminated moving forward and that “Members”
is now defined as the Members of HRS only, that “Purchased Interests” is now defined as those membership interests
of HRS only, as set forth on amended Exhibit A attached hereto, and “Sellers” is now defined only as
the HRS Members and HRS.

ARTICLE I

THE CONSIDERATION

SECTION 1.01Purchase
and Sale of Purchased Interests. On the terms and subject to the conditions set forth in this Agreement, the Members agree
to sell, transfer, assign and deliver to Purchaser, and Purchaser agrees to purchase, all of the Purchased Interests as further
specified in Exhibit A.

SECTION 1.02Consideration
for Acquisition. The consideration deliverable at or before the Closing (as herein defined) by TPTG to the Members in consideration
for all the Purchased Interests is as follows:

		a)	Deposit. Sellers shall waive the otherwise required deposit.

b)                 
Stock. The Purchaser shall issue 3,038,148 shares of restricted Common Stock of TPTG with the rights and privileges
equal to the Common Stock of TPTG, and will include such shares in TPTG’s Form S-1 filed, but waiting effectiveness, with
the Securities and Exchange Commission (“S-1”)(“Stock”) to the to the persons and in the amounts specified
on Exhibit 1.02(b)-ii. The Stock shall be registered as part of the S-1 and shall be freely tradeable upon the effective
date of the S-1, with restrictions removed at the expense of TPTG, in order to facilitate the public sale or other disposition
of the Stock in the same manner and subject to no additional or different restrictions as all other shares of TPTG Common Stock
previously registered or being registered through the S-1.

c)                 
Promissory Note. In lieu of cash at Closing, Members and HRS will receive a promissory note in the amount of one
million nine hundred sixty-five thousand dollars ($1,965,000) plus interest at the rate of three percent (3%) per annum in the
form attached hereto as Exhibit C (“Note”). The Note shall be secured by a security interest in the Member
Interests of HRS as set forth in Sub-Section (i) below and a security interest in the assets of HRS as set forth in Sub-Section
(ii) below. Said promissory Note shall be paid as follows: (i) an initial $100,000 paid to HRS for working capital and to pay down
current HRS debt out of anticipated proceeds of the planned TPTG private placement which is intended to close within three (3)
months of signing this Amendment and TPTG will make best efforts in that regard; and (ii) the remaining balance ($1,865,000 assuming
the payment from the private placement) plus accrued interest to be paid in full no later than the earlier of the closing of a
public offering of TPTG stock (different from the referenced private placement above) or eighteen (18) months after the Closing
Date .

i.                       
Security Interest in Member Interests. Together with the Closing, Purchaser shall grant to Seller a security
interest in the Member Interests to secure Purchaser’s obligations under the Note and the Agreement (the “TPTG Obligations”),
and shall execute a Member Interest Pledge Agreement substantially in the form attached hereto as Exhibit D.  Purchaser
agrees that

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following Closing, HRS shall remain
and be operated as a separate, wholly-owned subsidiary of Purchaser, with separate revenue, profit and loss responsibilities and
allocations and shall be fully owned by TPTG but managed by the HRS Sellers and the HRS Manager in accord with the terms of the
Agreement, the Stock Pledge Agreement and the existing Operating Agreement.  Further, Purchaser shall not transfer or
encumber its legal or beneficial interest in the Membership Interests (or agree to do so) and shall retain all of the HRS assets
within HRS (except for sales, transfers and other dispositions made in the ordinary course of business with the approval of the
HRS Sellers and Manager) until such time as the TPTG Obligations have been paid in full, fully satisfied, and otherwise fulfilled
by Purchaser, unless otherwise agreed in writing by the Sellers. Further, HRS shall not make any allocations or profit distributions
other than in the ordinary course which shall, if made, be applied against the amount due under the Note. Without limiting the
foregoing, in order to protect the HRS Sellers, Purchaser also agree to the covenants set forth in Exhibit 1.02(c)(i). 

ii.                       
Security Interest in the Assets of HRS.  Together with the Closing, TPTG shall grant to Seller a first
security interest in the assets of HRS, subject only to the liens of record on the Closing Date, to secure performance of the TPTG
Obligations, and shall execute a Security Agreement substantially in the form attached hereto as Exhibit E.  The
Purchaser acknowledges and agrees that under the terms of the Stock Pledge Agreement, the HRS Sellers will receive covenants with
respect to HRS, including the covenants set forth in Exhibit 1.02(c)(i) and otherwise in the Agreement and this Amendment.
Until all TPTG Obligations are paid in full, satisfied and fulfilled, unless otherwise agreed in writing by the HRS Sellers,  
Purchaser and Sellers agree to: (i) to operate the business and dispose of its assets only in the ordinary course of business;
(ii) not to sell, transfer, lease or otherwise dispose of any HRS assets or any interest therein, or permit or suffer any other
person to acquire any interest in any HRS asset other than in the ordinary course of business; (iii) to keep the assets of HRS
free and clear of all liens except of record on the Closing Date; (iv) not to agree to do any of (i)-(iii), as well as the additional
covenants set forth in Exhibit 1.02(c)(i).

ARTICLE III

CLOSING

SECTION 3.01 –
Closing. With respect to the Purchaser, HRS and the HRS Members only, the Closing shall be deemed to have occurred November
1, 2017 (“Closing”).

ARTICLE VIII

CONDITIONS OF THE CLOSING AND POST-CLOSING COVENANTS OF TPTG

Section 8.02 Additional
Conditions of Obligations of TPTG

TPTG hereby waives
any additional conditions set forth in the Agreement.

Section 8.03 Additional Conditions
of Obligations of Sellers

Without limiting existing
conditions of Closing, the obligation of the Sellers to consummate and close the transactions contemplated by this Agreement are
subject to the fulfillment of all of the following additional or amended conditions at or prior to the date of this Amendment (“Covenant
Date”):

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(a)           The
representations and warranties of Purchaser contained in the Agreement shall be true and correct in all material respects on the
Covenant Date with the same force and effect as though such representations and warranties had been made on and as of the Closing
Date, including delivery of Financial Statements through the most-recent respective year-end, quarter-end and month-end.

(b)           Purchaser
shall have performed and complied with all covenants, conditions and obligations of this Agreement required to be performed or
complied with by Purchaser on or before the Closing Date and the Covenant Date.

(c)           Purchaser
shall have delivered to Seller a certificate executed by the President of Purchaser to the effect that, as of the Covenant Date:
(i) all representations and warranties made by Purchaser under the Agreement were true and complete as of the Closing Date and
remained true as of the Covenant Date as if made as of each date, and (ii) all covenants, obligations and conditions of this Agreement
to be performed by Purchaser on or before such dates have been so performed.

END OF AMENDMENT
1

 

IN WITNESS
WHEREOF, the parties hereto have caused this Amendment #1 to be duly executed on the 9th day of February 2018.

 

 

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SCHEDULE OF EXHIBITS & SCHEDULES

 

 

	Exhibit	Document

 

 

	A	HRS Members

 

	1.02 (b)-i	[Not used]

 

	1.01 (b)-ii	Persons Receiving Common Shares

 

	1.02(c)	Allocation of Cash From Note

 

	1.02(c)(i)	Covenants

 

	B	[Not used]

 

	C	Note

 

	D	Pledge Agreement

 

	E	Security Agreement

    	6 

    	 

    

 

Exhibit A

 

HRS Members

 

 

Hollywood Riviera Studios LLC

 

	Rolando Nichols	63.50%

 

	Investors 	36.50%

 

100%

 

 

There is no other capital ownership of Hollywood Riviera Studios

 

 

 

 

 

 

 

 

 

 

    	7 

    	 

    

 

Exhibit 1.02(b)-ii

 

Persons Receiving Common Stock of TPTG

 

	Members	Total
    Stock	Mailing
    Address
	 	 	 
	Rolando
    Nichols 	1,729,224	21609
    Marjorie Ave., Torrance, CA 90503
	Ofelia
    de la Torre	197,480	4716
    W. 149th St. Lawndale, CA 90260
	Maria
    Dolores Nichols 	151,907	4326
    Flagship Ct. Las Vegas, NV 89121
	Ramses
    Acosta 	151,907	Ave
    Othon Alamada 242, COL Balderrama, Hermosillo, Sonora MX
	Miguel
    Medina 	151,907	2403
    Marshalfield LN, Redondo Beach, CA 90278
	Karlo
    and Fayad Palos 	151,907	7019  3/4
    W. Manchester Ave. Apt A, Los Angeles, CA 90045
	 	 	 
	Louie
                                         Saenz

        Erik
        Verduzco
	75,954

        75,954
	8937
                                         Fleetwing Ave. Los Angeles, CA 90045

        P.O.
        Box 16376, Long Beach, CA 90806

	Gabriela
    Barbarena 	75,954	6001
    Friends Ave. Whittier, CA 90601
	Paul
    Julien 	75,954	15243
    N. 11th. Street. Phoenix Az. 85022
	Jaime
    Hernandez	100,000	565
    E. Arrow Hwy. Pomona Ca. 91767
	Sue
    Berry	50,000	2633
    Lincoln Blvd. #430 Santa Monica Ca. 90405
	Chad
    Eumura	50,000	15515
    Manhattan Place. Gardena Ca. 90249
	 	 	 
	 	 	 
	 	 	 
	Total:	 

        3,038,148
	 

 

 

 

    	8 

    	 

    

 

 

Exhibit
1.02(c)

 

Allocation of
Cash From Note

 

Hollywood Riviera
Studios LLC

	SBA Loan	$565,000*

	Cash Consideration to Members	 $730,000 (plus all additional proceeds)*

	Other Debt	 $670,000*

 

	Total                                      
	$1,965,000**

 

* All numbers approximate

** Total aggregate of
cash consideration to be used for cash payments and retirement of debt is fixed at $1,965,000, but may be reallocated by Sellers
at any time prior to payment in full of Note based on changes to loan balances etc.

    	9 

    	 

    

EXHIBIT 1.02(c)(i)

 

Until all TPTG Obligations
are paid in full, satisfied and fulfilled, TPTG hereby covenants and agrees with each of the individual HRS Sellers (“HRS
Sellers”) that it shall not, without approval of a majority in interest of the HRS Sellers and the current Manager of HRS,
cause HRS to (or otherwise agree to cause HRS to):

		(i)	remove the Manager or elect
                                         a new Manager if the current Manager dies, becomes incapacitated, resigns or otherwise
                                         is terminated;

		(ii)	issue any new Membership Interests
                                         or Units, or agree to do so;

 

		(iii)	amend or in any other way
                                         alter the current Operating Agreement;

 

		(iv)	make any allocation or distribution
                                         of profits or other monies other than to pay down current HRS debt;

		(v)	dissolve or otherwise terminate
                                         the HRS business or HRS;

 

		(vi)	transfer any of the Membership
                                         Interests being purchased, or agree to do so;

		(vii)	establish a subsidiary;

		(viii)	make any loan or advance
                                         to any other entity other than trade receivables incurred in the ordinary course of business;

 

		(ix)	make any loan or advance to
                                         any person, including, without limitation, any employee or director of HRS or TPTG or
                                         any subsidiary, except advances and similar expenditures in the ordinary course of business
                                         or under the terms of an employee option plan approved by the HRS Sellers and the Manager
                                         of HRS;

 

		(x)	guarantee, directly or indirectly,
                                         any indebtedness except for trade accounts of HRS arising in the ordinary course of business;

 

		(xi)	make any investment through
                                         the direct or indirect holding of securities in another entity;

 

		(xii)	incur any aggregate indebtedness
                                         in excess of Ten Thousand Dollars ($10,000.00) that is not already included in an budget
                                         approved by the HRS Sellers and the HRS Manager other than trade credit incurred in the
                                         ordinary course of business;

 

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		(xiii)	otherwise enter into or be
                                         a party to any transaction with any director, officer or employee of TPTG or any “associate”
                                         (as defined in Rule 12b-2 promulgated under the Exchange Act);

 

		(xiv)	hire, terminate, or change
                                         the compensation of the Manager or other executive officers, including approving any
                                         option plans;

 

		(xv)	change the principal business
                                         of HRS, enter new lines of business, or exit the current line of business; or

 

		(xvi)	sell, transfer, license, pledge
                                         or encumber material assets, technology or intellectual property, other than licenses
                                         granted in the ordinary course of business.

 

    	11 

    	 

    

 

EXHIBIT B

[NOT USED]

 

 

    	12 

    	 

    

 

EXHIBIT C

Note

 

    	13 

    	 

    

 

EXHIBIT D

Pledge Agreement

 

 

    	14 

    	 

    

 

EXHIBIT E

Security Agreement

 

    	15EXHIBIT 10.16

 

 

 

 

AMENDMENT
#1 TO THE

ACQUISITION
AND PURCHASE AGREEMENT

DATED
AS OF February 9, 2018, BUT EFFECTIVE

NOVEMBER
3, 2017

BY AND
BETWEEN

 

TPT GLOBAL TECH, INC.

 

AND

 

BLUE COLLAR PRODUCTIONS, INC.

 

AND ITS

 

SHAREHOLDERS

 

 

 

 

 

 

 

 

 

 

 

    	1 

    	 

    

 

AMENDMENT #1 TO THE 

 

ACQUISITION AND PURCHASE AGREEMENT 

 

This AMENDMENT,
dated as of February 9, 2018 but effective November 3, 2017, (the "Amendment #1"), is by and between TPT Global Tech,
Inc. ("TPTG"), a Florida Corporation and Blue Collar Productions, Inc, a California Corporation (“Blue Collar”
or “Seller”), together referred to as (“Parties”).

WHEREAS, the Seller entered
into an Acquisition and Purchase Agreement dated as of November 3, 2017, (“the Agreement”), by and between TPTG and
Blue Collar and it’s Shareholders;

 

WHEREAS, the Seller
has agreed to the TPTG proposal to amendment to the Agreement by among other things agreeing to replace Article I, Article II and
add to Article IX;

NOW, THEREFORE,
TPTG and the Seller, in consideration of the foregoing and to document the respective intentions, representations, warranties,
covenants and agreements by and between the undersigned, and for other good and valuable consideration, the receipt and adequacy
of which are hereby acknowledged, and intending to be legally bound hereby, agree to amend the Agreement as follows:

AMENDMENT

The Parties hereby amend the specific
provisions of the Agreement set forth below. All other terms and conditions of the Agreement shall not be modified in this Amendment
#1 and shall remain in full force and effect and be considered incorporated herein as part of Amendment #1. To the extent of any
conflict between the provisions of this Amendment and the Agreement, this Amendment shall take precedence.

 

ARTICLE I

THE CONSIDERATION

SECTION 1.01Consideration
for Acquisition. The consideration deliverable at Closing (as herein defined) by TPTG to Seller is as follows: In consideration
for all assets of Seller, including ownership in Seller (“Seller Interest”), as specifically listed and identified
on Exhibit A and Exhibit B, collectively,

a)     
TPTG shall issue to Seller 6,500,000 shares of restricted Common Stock of TPTG with the rights and privileges equal to the
common stock of TPTG;

b)     
Seller will receive a promissory note (“Promissory Note”) in the amount of one million six hundred thousand
dollars ($1,600,000). Said promissory note must be fully funded by a cash deposit into a bank account as prescribed by Seller within
twelve (12) months of the Closing. In addition, TPTG agrees that the use of proceeds

    	2 

    	 

    

for any public offering after
the current Form S-1 filing, which is intended to be in the next twelve months, will include the payoff of the promissory note.

		c)	Together with the Closing, TPTG shall grant to Seller a security interest in the Seller Interest
and Blue Collar assets to secure TPTG’s obligations under the Promissory Note and the Agreement (the “TPTG Obligations.
TPTG agrees that following Closing, Blue Collar shall remain and be operated as a separate, wholly-owned subsidiary of TPTG, with
separate revenue, profit and loss responsibilities and allocations and shall be fully owned by TPTG but managed by Seller in accord
with the terms of the Agreement.  Further, TPTG shall not transfer or encumber its legal or beneficial interest in Blue
Collar (or agree to do so) and shall retain all of the Blue Collar assets (except for sales, transfers and other dispositions made
in the ordinary course of business with the approval of Seller) until such time as the TPTG Obligations have been paid in
full, fully satisfied, and otherwise fulfilled by TPTG, unless otherwise agreed in writing by the Seller. Further, TPTG shall not
make any allocations or profit distributions other than in the ordinary course which shall, if made, be applied against the amount
due under the Note. Without limiting the foregoing, in order to protect the Seller, TPTG shall also agree to the covenants set
forth in Exhibit C.

The Acquisition
shall become effective upon the delivery of the bills of sale, assignments of patents, trademarks, source code, and technology,
if any, to TPTG simultaneously with the delivery of the consideration and fulfillment of all of the terms specified in paragraphs
1.01(a), (b) and (c) by TPTG to the shareholders of Seller. Failure to fulfill all of the terms specified in paragraphs 1.01(a),
(b) and (c) by TPTG within twelve months (12 months) of signature of this document is grounds for termination. For clarity, Seller
has an additional right to terminate without penalty if any of terms of paragraphs 1.01(a), (b) and (c) are not met twelve months
(12) after the closing without cost to seller.

a.                  
 

ARTICLE III

CLOSING

SECTION 3.01 –
Closing. With respect to the TPTG and the Seller, the Closing shall be deemed to have occurred November 3, 2017 (“Closing”).

ARTICLE IX

SURVIVAL OF REPRESENTATIONS AND WARRANTIES;

POST-CLOSING CONDITIONS
AND COVENANTS

Section 9.03 Additional
Conditions of Obligations of TPTG

TPTG hereby waives
any additional conditions set forth in the Agreement.

    	3 

    	 

    

 

Section 9.04 Additional Conditions
of Obligations of Sellers

Without limiting existing
conditions of Closing, the obligation of the Sellers to consummate and close the transactions contemplated by this Agreement are
subject to the fulfillment of all of the following additional or amended conditions at or prior to the date of this Amendment (“Covenant
Date”):

(a)           The
representations and warranties of TPTG contained in the Agreement shall be true and correct in all material respects on the Covenant
Date with the same force and effect as though such representations and warranties had been made on and as of the Closing Date,
including delivery of Financial Statements through the most-recent respective year-end, quarter-end and month-end.

(b)           TPTG
shall have performed and complied with all covenants, conditions and obligations of this Agreement required to be performed or
complied with by TPTG on or before the Closing Date and the Covenant Date.

(c)           TPTG
shall have delivered to Seller a certificate executed by the President of TPTG to the effect that, as of the Covenant Date: (i)
all representations and warranties made by TPTG under the Agreement were true and complete as of the Closing Date and remained
true as of the Covenant Date as if made as of each date, and (ii) all covenants, obligations and conditions of this Agreement to
be performed by TPTG on or before such dates have been so performed.

END OF AMENDMENT
1

IN WITNESS WHEREOF, the parties hereto
have caused this Amendment #1 to be duly executed on the 9th day of February 2018.

TPT Global
Tech, Inc.

a Florida Corporation

 

 

By:___________________________

Name: Stephen J. Thomas III

Title:
President

 

Blue Collar Productions, Inc.

a
CALIFORNIA CORPORATION

 

 

By:_____________________________

Name: Mark Rowen

Title: President
and 100% Owner Seller Interest

 

    	4 

    	 

    

SCHEDULE OF EXHIBITS

 

 

	Exhibit	Document

 

 

	A	Shareholders of Seller

 

	B	Assets of Seller

 

	C	Covenants

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	5 

    	 

    

 

EXHIBIT A

 

 

Shareholders of Seller

 

 

Mark Rowen - 100%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	6 

    	 

    

 

 

 

EXHIBIT B

 

 

Assets of Seller

 

Editorial Equipment and Computers

 

Tape Library Assets

 

Office Furniture
and Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	7 

    	 

    

EXHIBIT C

 

Until all TPTG Obligations are paid in full, satisfied
and fulfilled, TPTG hereby covenants and agrees with Seller that it shall not, without approval of Seller:

		(i)	issue any new Interest in Blue Collar, or agree to do so;

 

		(ii)	make any allocation or distribution of profits or other monies other than to pay down the Promissory Note;

 

		(iii)	dissolve or otherwise terminate the Blue Collar business;

 

		(iv)	transfer any of the Interest being purchased, or agree to do so;

 

		(v)	establish a subsidiary;

 

		(vi)	make any loan or advance to any other entity other than trade receivables incurred in the ordinary course of business;

 

		(vii)	make any loan or advance to any person, including, without limitation, any employee or director of Blue Collar or TPTG or any
subsidiary, except advances and similar expenditures in the ordinary course of business or under the terms of an employee option
plan approved by the Seller;

 

		(viii)	guarantee, directly or indirectly, any indebtedness except for trade accounts of Blue Collar arising in the ordinary course
of business;

 

		(ix)	make any investment through the direct or indirect holding of securities in another entity;

 

		(x)	incur any aggregate indebtedness in excess of Ten Thousand Dollars ($10,000.00) that is not already included in a budget approved
by the Seller other than trade credit incurred in the ordinary course of business;

 

		(xi)	otherwise enter into or be a party to any transaction with any director, officer or employee of TPTG or any “associate”
(as defined in Rule 12b-2 promulgated under the Exchange Act);

 

 

		(xii)	change the principal business of Blue Collar, enter new lines of business, or exit the current line of business; or

 

		(xiii)	sell, transfer, license, pledge or encumber material assets, technology or intellectual property, other than licenses granted
in the ordinary course of business.

    	8

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