Document:

EXHIBIT
10.17

 

 

 

AMENDMENT
#2 TO THE

ACQUISITION
AND PURCHASE AGREEMENT

DATED
AS OF March 29, 2018, BUT EFFECTIVE

NOVEMBER
3, 2017

BY
AND BETWEEN

 

TPT GLOBAL TECH, INC.

 

AND

 

BLUE COLLAR PRODUCTIONS, INC.

 

AND ITS

 

SHAREHOLDERS

 

 

 

 

    	 

    	 

    

AMENDMENT #2 TO THE 

 

ACQUISITION AND PURCHASE AGREEMENT 

 

This AMENDMENT,
dated as of March 29, 2018 but effective November 3, 2017, (the "Amendment #2"), 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, as amended on February 9, 2018 through Amendment #1 to the Acquisition and Purchase Agreement
dated November 3, 2017 (“Amendment #1”);

 

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 and replacing in its entirety Amendment #1;

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 and replacing
in its entirety Amendment #1:

AMENDMENT

The Parties hereby amend the specific
provisions of the Agreement set forth below which replace in its entirety Amendment #1. All other terms and conditions of the Agreement
shall not be modified in this Amendment #2 and shall remain in full force and effect and be considered incorporated herein as part
of Amendment #2. 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 1.01 Consideration 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;

    	1 

    	 

    

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
thirteen (13) months of the Closing. In addition, TPTG agrees that the use of proceeds 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.) In order to protect the Seller, TPTG shall execute the Pledge Agreement with covenants set forth in in the Security Agreement, and Exhibit C to the Amendment #1 shall no longer be effective. .

 

The Acquisition
is effective as of the date April 1, 2018. For clarity, Seller has an additional right to exercise its rights under the Security
Agreement which shall allow foreclosure thereunder if any of the covenants 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 occur April 1, 2018 (“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.

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

    	2 

    	 

    

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 29th day of March 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

 

    	3 

    	 

    

 

 

SCHEDULE OF EXHIBITS

 

 

	Exhibit	Document

 

 

	A	Shareholders of Seller

 

	B	Assets of Seller

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	4 

    	 

    

EXHIBIT A

 

 

Shareholders of Seller

 

 

Mark Rowen - 100%

 

 

 

 

 

 

 

	 

    	 

    	 

    

 

 

 

 

EXHIBIT B

 

 

Assets of Seller

 

Editorial Equipment and Computers

 

Tape Library Assets

 

Office Furniture
and OtherEXHIBIT
10.18 

 

 

 

AMENDMENT
#3 TO THE

ACQUISITION
AND PURCHASE AGREEMENT

DATED
AS OF March 29, 2018, BUT EFFECTIVE

NOVEMBER
3, 2017

BY
AND BETWEEN

 

TPT GLOBAL TECH, INC.

 

AND

 

BLUE COLLAR PRODUCTIONS, INC.

 

AND ITS

 

SHAREHOLDERS

 

 

 

 

 

 

 

    	

    	 

    

 

 

 

AMENDMENT #3 TO THE 

 

ACQUISITION AND PURCHASE AGREEMENT 

 

This AMENDMENT,
dated as of August 18, 2018 but effective November 3, 2017, (the "Amendment #3"), 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, as amended on February 9, 2018 through Amendment #1, and as amended March 29, 2018 through
Amendment #2 (“Amendment #2) to the Acquisition and Purchase Agreement dated November 3, 2017;

 

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

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 and void and
replace in its entirety Article 1 and Article III of Amendment #2:

AMENDMENT

The Parties hereby amend the specific
provisions of the Agreement set forth below, which void and replace in its entirety Amendment #2. All other terms and conditions
of the Agreement shall not be modified in this Amendment #3 and shall remain in full force and effect and be considered incorporated
herein as part of Amendment #3. 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 1.01 Consideration 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;

    	1

    	 

    

 

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
thirteen (13) months of the Closing. In addition, TPTG agrees that the use of proceeds 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.) In order to protect the Seller, TPTG shall execute the Pledge Agreement with covenants set forth in in the Security Agreement, and Exhibit C to the Acquisition Agreement shall no longer be effective. .

 

The Acquisition
is effective as of the date September 1, 2018 For clarity, Seller has an additional right to exercise its rights under the Security
Agreement which shall allow foreclosure thereunder if any of the covenants of paragraphs 1.01(a), (b) and (c) are not met twelve
months (12) after the closing without cost to seller.

ARTICLE III

CLOSING

SECTION 3.01 – Closing.
With respect to the TPTG and the Seller, the Closing shall be deemed to have occurred September 1, 2018 (“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.

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.

    	2

    	 

    

 

(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
3

IN WITNESS WHEREOF, the parties hereto
have caused this Amendment #1 to be duly executed on the 18th day of August 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

 

 

 

    	3

    	 

    

 

 

 

SCHEDULE OF EXHIBITS

 

 

	Exhibit	Document

 

 

	A	Shareholders of Seller

 

	B	Assets of Seller

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	

    	 

    

 

EXHIBIT A

 

 

Shareholders of Seller

 

 

Mark Rowen - 100%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	

    	 

    

 

EXHIBIT B

 

 

Assets of Seller

 

Editorial Equipment and Computers

 

Tape Library Assets

 

Office Furniture
and Other

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