Document:

Blueprint

 

Exhibit 10.15

 

SIXTH MODIFICATION OF LEASE

 

This
Sixth Modification of Lease ("Fifth Modification") is dated
December 9, 2016, between Fair Center Office Associates, LLC
("LANDLORD") and Information Analysis, Inc.
("TENANT").

 

RECITALS

 

R-1

LANDLORD and TENANT
entered into that particular Lease as of December 20, 1996, as modified
(the ”Lease”).

 

R-2

TENANT is currently
leasing from LANDLORD approximately four thousand four hundred thirty-four
(4,434) square feet of rentable area on the second (2nd)
floor of the Fair Center Office Building, having a street address
of 11240 Waples Mill Road,
Suite 201, Fairfax, Virginia hereinafter referred to in this
Sixth Modification as the Premises.

 

R-3

LANDLORD and TENANT
wish to amend the Lease as provided herein.

 

In
consideration of the mutual promises contained herein, and other
good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties agree as
follows:

 

1)

Modification of Lease. LANDLORD
and TENANT agree that the Lease is hereby modified as
follows:

 

A)

Term: The term of the Lease for the
Premises shall be renewed and extended for an additional
four (4) years and
one (1) month
(“Premises Extension Term”) commencing June 1, 2017 (“Lease
Extension Commencement Date”), and expiring four (4) years and one (1) month thereafter at
midnight on June 30,
2021 (“Extension Term Expiration
Date”).

 

B)

Concessions: Notwithstanding any
provision in this Lease to the contrary, LANDLORD shall abate the
first month’s rent. The rent commencement date shall be
July 1,
2017.

 

C)

Rent: The rental rate for the first year
of the Premises Extension Term shall be twenty-three and 00/100 dollars
($23.00) per square foot, full service, to be paid in twelve
(12) monthly installments of eight thousand four hundred
ninety-eight and 50/100 dollars ($8,498.50) (the “Base
Monthly Rent”). Effective on each anniversary of the Lease
Extension Commencement Date, the Base Monthly Rent shall be
increased by three percent
(3%).

 

D)

Additional Rent: Operating Expenses and Real
Estate Taxes: Commencing on June 1, 2018, TENANT shall pay,
as additional rent, for its Proportionate Share of any Operating
Expenses and real estate taxes for the Land and Building in excess
of the 2017 base
year operating expenses for the Building. TENANT’s
Proportionate Share for the Premises (Suite 201) is hereby
estimated to be 4,434/63,919 or 6.93%.

 

 

1

 

 

E)

Broker Leasing Commission: LANDLORD and TENANT acknowledge
that Cushman & Wakefield has been retained by the TENANT as
Broker and that any commission due will be pursuant to a separate
agreement.

 

F)

Tenant Improvements: LANDLORD shall
deliver and TENANT shall accept the Premises in “As-Is”
condition, with the exception of the following Tenant Improvements
to be completed by LANDLORD, at LANDLORD’S sole cost and
expense:

 

●

New building
standard carpet, color to be selected by Tenant;

●

New building
standard paint, color to be selected by Tenant;

●

Approximately
fifteen (15) to twenty (20) additional (or relocated) duplexes,
locations to be determined by TENANT; and

●

“White-Board”
paint to be provided for one (1) wall in current conference
room.

 

2)

Reaffirmation of Lease. Except
as modified herein, the Lease is hereby reaffirmed and
ratified.

 

IN
WITNESS WHEREOF, the parties have executed the Sixth Modification
of Lease intending same to be effective the date indicated in the
first paragraph of this Sixth Modification of Lease, having
executed the Sixth Modification of Lease on the date indicated
below to their 
name.

 

 

	

 

	LANDLORD:
Fair Center Office Associates, LLC	

 

	

 

	

 

	

 

	

 

	
Witness:	
 

	
By:

	

 

	

 

	

 

	
Printed
Name:

	

 

	

 

	

 

	

Title: 

	

 

	

 

	

 

	

Date:

	

 

	

 

	

 

	

 

	

 

	

 

	TENANT:
Information Analysis, Inc.	

 

	

 

	

 

	

 

	

 

	

Witness:

	

 

	
By:	

 

	

 

	

 

	

Printed
Name:

	

 

	

 

	

 

	

Title:

	

 

	

 

	

 

	

Date:

	

 

 

 

2Blueprint

 

Exhibit 10.1

 

LOAN CONVERSION AGREEMENT

 

This
LOAN CONVERSION AGREEMENT (this "Agreement") is dated March 27,
2017 (the “Effective Date”), by and between Singapore
eDevelopment, Ltd, a Singapore limited company (“SeD’)
or “Holder”) and HotApp International, Inc., a Delaware
corporation (“HotApp”).

 

R E C I
T A L S:

 

WHEREAS, the Holder has lent HotApp a
total of USD$450,890.00 as of March 27, 2017 (the
“Debt”); and

 

WHEREAS, Holder desires to convert the
Debt into common shares of HotApp, $0.0001 par value per share (the
“Common Stock”) at a conversion price of $0.09 per
share and HotApp desires to issue the Common Stock in exchange for
satisfaction of the Debt.

 

WHEREAS, Holder and HotApp intend this
conversion to be completed pursuant to Section 3(a)(9) of the
Securities Act of 1933, as amended.

 

            NOW,
THEREFORE, in consideration of the premises and of the terms
and conditions herein contained, the parties mutually agree as
follows:

 

1. Conversion of
Debt.

 

1.1  As of the
Effective Date, the Debt shall be paid in full, with no further
interest, penalties, fees, or charges, with the issuance of
500,988,889 shares of common stock of HotApp, valued at $0.09 per
share, and the Debt shall be satisfied.

 

2. Representations and
Warranties of HotApp.

 

             
2.1 Authorization.
The execution, delivery and performance by HotApp of this Agreement
and the performance of all of HotApp’s obligations hereunder
have been duly authorized by all necessary corporate action, and
this Agreement has been duly executed and delivered by HotApp. This
Agreement constitutes the valid and binding obligation of HotApp
enforceable in accordance with its terms. The execution and
performance of the transactions contemplated by this Agreement and
compliance with its provisions by HotApp will not conflict with or
result in any breach of any of the terms, conditions, or provisions
of, or constitute a default under, its Articles of Incorporation or
Bylaws or any agreement to which HotApp is a party or by which it
or any of its properties is bound.

 

2.2
Issuance of Shares.
The issuance and delivery of the Convertible Debenture in
accordance with this Agreement has been duly authorized by all
necessary corporate action on the part of HotApp, and the
underlying shares of common stock to be delivered, when so
delivered, will have been duly and validly authorized and issued by
the Company and will be fully paid and nonassessable.

 

             
2.3 Binding
Obligation. Assuming the due execution and delivery of this
Agreement, this Agreement constitutes the valid and binding
obligation of HotApp, enforceable against HotApp in accordance with
its terms, subject, as to enforcement, (i) to bankruptcy,
insolvency, reorganization, arrangement, moratorium and other laws
of general applicability relating to or affecting creditors' rights
and (ii) to general principles of equity, whether such
enforceability is considered in a proceeding in equity or at
law.

 

 

 

 

3. Miscellaneous.

 

3.1
No Third Party
Beneficiaries. This Agreement shall not confer any rights or
remedies upon any person other than the parties and their
respective successors and permitted assigns.

 

3.2
Entire Agreement.
This Agreement (including the documents referred to herein)
constitutes the entire agreement among the parties and supersedes
any prior understandings, agreements, or representations by or
among the parties, written or oral, to the extent they related in
any way to the subject matter hereof.

 

          
   3.3 Counterparts. This agreement
may be executed in one or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one
and the same instrument.

 

3.4
Governing Law. This
Agreement shall be governed by and construed in accordance with the
laws of the State of Maryland (without regard to conflict of
laws).

 

             
3.5 No
Waiver/Amendments. Any waiver by either party to this
Agreement of any provision of this Agreement shall not be construed
as a waiver of any other provision of this Agreement, nor shall
such waiver be construed as a waiver of such provision respecting
any future event or circumstance. No amendment of any provision of
this Agreement shall be valid unless the same shall be in writing
and signed by both parties.

 

3.6
Severability. Any
term or provision of this Agreement that is invalid or
unenforceable in any situation in any jurisdiction shall not affect
the validity or enforceability of the remaining terms and
provisions hereof or the validity or enforceability of the
offending term or provision in any other situation or in any other
jurisdiction.

 

             
3.7 Costs. Each
party will bear the costs and expenses incurred by it in connection
with this Agreement and the transaction contemplated
thereby.

 

3.8
Survival of Terms.
All representations, warranties and covenants contained in this
Agreement or in any certificates or other instruments delivered by
or on behalf of the parties hereto shall be continuous and survive
the execution of this Agreement.

 

3.9
Assignment. This
Agreement shall be binding upon the parties hereto and their
respective successors and assigns and shall inure to the benefit of
any assignee, subject to the terms and conditions
hereof.

 

3.10
Headings. The
headings used in this Agreement are for convenience only and shall
not by themselves determine the interpretation, construction or
meaning of this Agreement.

 

3.12
Additional
Assurances. Holder agrees to furnish to HotApp, promptly
upon HotApp's written request therefor, such additional documents
or instruments, if any, in connection with the conversion of the
Debt into the Common Stock, HotApp, or its agent may
require.

 

 

 

 

    3.13
Attorneys Fees and
Costs. In the event any party to this Agreement shall be
required to initiate legal proceedings to enforce performance of
any term or condition of this Agreement, including, but not limited
to, the interpretation of any term or provision hereof, the payment
of moneys or the enjoining of any action prohibited hereunder, the
prevailing party shall be entitled to recover such sums in addition
to any other damages or compensation received, as will reimburse
the prevailing party for reasonable attorneys’ fees and court
costs incurred on account thereof (including, without limitation,
the costs of any appeal) notwithstanding the nature of the claim or
cause of action asserted by the prevailing party.

 

     IN
WITNESS WHEREOF, the Holder and HotApp have caused this
Agreement to be executed as of the day and year first above
written.

 

Singapore
eDevelopment, Ltd.

 

By: 
/s/ Fai H. Chan  
                 
                 
    

 

 

 

HotApp
International Inc.

 

By:
/s/ Conn
Flanigan

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