Document:

ex_100277.htm

Exhibit 10.48 

 

 

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 [and related Warrants] although the Company has entered into various such Extension of Maturity Date of Convertible Debenture [and related 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 Convertible Debenture [and related Warrants] identifies each Extension of Maturity Date of Convertible Debenture [and related 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 Convertible Debenture [and related Warrants] that is being filed, and sets forth the material details in which the each omitted Extension of Maturity Date of Convertible Debenture [and related Warrants] differ from the form of Extension of Maturity Date of Convertible Debenture [and related Warrants] 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 ______________, 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: ____________________

(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: _________________________________

(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 [AND RELATED 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 Convertible Debenture [and related Warrants] although the Company has entered into various such Extension of Maturity Date of Convertible Debenture [and related 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 Convertible Debenture [and related 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 Convertible Debenture [and related Warrants] that is being filed, and sets forth the material details in which each omitted Extension of Maturity Date of Convertible Debenture [and related Warrants] differ from the form of Extension of Maturity Date of Convertible Debenture [and related Warrants] that is being filed.

 

	
			Date of Agreement

				
			 

			Name of Holder

				
			 

			Amount

				
			Series of Convertible Debentures and Warrants(2)

				
			Maturity Date and Expiration of Warrants

				
			Amount Outstanding at September 30, 2017

			
	
			June 30, 2016 (1)

				
			Cornelis F. Wit

				
			$4,055,000 and

			8,110,000 warrants

				
			December 2008

				
			Changed from April 1, 2017 to April 1, 2020

				
			$4,000,000 and

			8,000,000 warrants

			
	
			June 30, 2016 (1)

				
			Cornelis F. Wit

				
			$1,770,000 and 

			3,540,000 warrants

				
			August 2008

				
			Changed from April 1, 2017 to April 1, 2020

				
			$1,770,000 and 

			3,540,000 warrants

			
	
			June 30, 2016 (1)

				
			Guus van Kesteren

				
			$160,000 and

			320,000 warrants

				
			December 2008

				
			Changed from April 1, 2017 to April 1, 2018

				
			$160,000 and 

			320,000 warrants

			
	
			June 30, 2016 (1)

				
			Noesis International Holdings

				
			$100,000 and

			200,000 warrants

				
			December 2008

				
			Changed from April 1, 2017 to April 1, 2020

				
			$0 and 

			200,000 warrants

			
	
			June 30, 2016 (1)

				
			Ad Klinkenberg

				
			$625,000 and 

			2,500,000 warrants

				
			September 2009

				
			Changed from April 1, 2017 to April 1, 2020

				
			$0 and

			2,500,000 warrants

			
	
			June 30, 2017 (1)

				
			Fernando Montero Incentive Savings Trust

				
			$200,000 and

			400,000 warrants

				
			December 2008

				
			Changed from April 1, 2018 to April 1, 2021

				
			$200,000 and

			400,000 warrants

			
	
			June 30, 2017 (1)

				
			Guus van Kesteren

				
			$150,000 and 

			300,000 warrants

				
			August 2008

				
			Changed from April 1, 2018 to April 1, 2019

				
			$150,000 and

			300,000 warrants

			

 

	 	
			(1)

				
			This Extension of Maturity Date of Convertible Debenture [and related Warrants] supersedes and replaces a prior Extension of Maturity Date of Convertible Debenture [and related Warrants] to the holder, extends the maturity date of the Convertible Debenture and the expiration date of the Warrants of the prior Extension of Maturity Date of Convertible Debenture [and related Warrants]. 

			

	 	
			(2)

				
			The form of Debenture and form of Warrant for each series is filed as an exhibit with the Company’s most recent Annual Report on Form 10-K.ex_100280.htm

Dated

 

September 2017

 

(Dated & Signed by Landlord)

 

 

 

 

 

COUNTERPART LEASE

 

Roll on FROM 10th SEPTEMBER 20 l 7

 

 

 

relating to

 

 

 

FIRST FLOOR OFFICE (in part) MEDINO HOUSE RUSHINGTON BUSINESS PARK

 

TOTTON SOUTHAMPTON SO40 9LU

 

between

 

RA Martin Holdings Limited and

 

OmniComm Ltd

 

 

 

 

 

 

 

 

RA Martin Holdings Limited are in agreement with OmniComm Ltd to allow the 2012 Lease Agreement along with its terms and conditions to continue in its current format until 2027 with the following provisos.

 

 

New Term:

 

10th September 2017

 

to

 

9th September 2020 - Tenant / Landlord Break Notice - Three months in writing must be given for the lease to be terminated.

 

 

 

10th September 2020

 

to

 

9th September 2023 - Tenant / Landlord Break Notice - Three months in writing must be given for the lease to be terminated.

 

 

 

10th September 2023

 

to

 

9th September 2027 - Lease Period End

 

Rent:

 

Rental values will roll on from 9th September 2017 with a 3% increase on previous payment period along with a further 3% increase for every subsequent year until lease termination or Break Notice whichever comes first.

 

 

 

 

 

 

 

 

I agree to the terms of the lease extension and as a Director I am authorized to sign on behalf of OmniComm Ltd.

 

 

 

/s/ Duncan Kemp

Director Signature

 

Duncan Kemp

Name

 

Executive Director of UK Operations

Occupation

 

/s/ M. Athar

Witness Signature

 

M. Athar

Witness Name

 

 

 

Accepted on behalf of RA Martin Holdings Limited

 

/s/ Roy Martin

Roy Martin

Managing DirectorExhibit

Exhibit 10.5
FIRST AMENDMENT 
TO 
AGREEMENT FOR PURCHASE AND SALE

THIS FIRST AMENDMENT TO AGREEMENT FOR PURCHASE AND SALE (the “First Amendment”), dated as of October 2, 2017, is made by and between KBS LEGACY PARTNERS DAKOTA HILL LLC, a Delaware limited liability company ("Seller"), and RREF III-P ELITE VENTURE, LLC, a Delaware limited liability company ("Buyer"), with reference to the following:

WHEREAS, Buyer and Seller are parties to that certain Agreement for Purchase and Sale dated as of September 5, 2017 (the "Purchase Agreement"); 

WHEREAS, Seller and Buyer have agreed to enter into this First Amendment to set forth their agreement regarding the matters set forth herein.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Buyer and Seller hereby agree to the following:

1.Terms.  All initially capitalized terms which are used in this First Amendment, but not otherwise defined herein, shall have the same meanings as ascribed thereto in the Purchase Agreement.
2.    Approval Date.  Notwithstanding the terms of Section 2.5.3 of the Purchase Agreement, Buyer and Seller hereby agree that the Approval Date shall be Monday, November 20, 2017. 

3.    Purchase Agreement Ratified.  In all other respects, except as otherwise provided by this First Amendment, the undersigned hereby ratify and confirm the Purchase Agreement which remains in full force and effect.
4.    Counterparts.  This First Amendment may be executed in counterparts, each of which shall be deemed an original and all of said counterparts shall constitute but one and the same instrument.  Signatures delivered via facsimile or other electronic means shall be accepted as if original.
[REMAINDER OF PAGE IN INTENTIONALLY BLANK.]

1

IN WITNESS WHEREOF, the undersigned hereby execute this First Amendment to be effective as of the date set forth above.

SELLER:

KBS LEGACY PARTNERS DAKOTA HILL LLC, a Delaware limited liability company 

		
	By:
	KBS Legacy Partners Properties LLC, a Delaware limited liability company, its sole member

		
	By:
	KBS Legacy Partners Limited Partnership, a Delaware limited partnership, its sole member

		
	By:
	KBS Legacy Partners Apartment REIT, Inc., a Maryland corporation, its sole general partner

		
	By:
	/s/ Guy K. Hays

		
	Name:
	Guy K. Hays

		
	Title:
	Executive Vice President

BUYER:

RREF III-P ELITE VENTURE, LLC, a Delaware limited liability company

By:  Elite Street Capital, LLC, a Texas limited liability     
company, its Administrative Member

By:  /s/ David Whitby
David Whitby, 
its Chief Investment Officer

2

The undersigned joins in the execution of this First Amendment Agreement in order to acknowledge the terms hereof.
ESCROW AGENT:

FIDELITY NATIONAL TITLE INSURANCE COMPANY

		
	By:
	/s/ Kim Belcher

Name:    Kim Belcher
		
	Title:
	Sr. Commercial Escrow Officer

3

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