Document:

ex4-1

 

  Exhibit
4.1

 

FIRST AMENDMENT TO SERIES D WARRANT AGREEMENT

 

This
FIRST AMENDMENT TO SERIES D WARRANT AGREEMENT (the
“Amendment”) is
dated and effective as of January [ ], 2018, by and between
Youngevity International, Inc. (the “Company”) and TriPoint Global
Equities, LLC (the “Holder”). Capitalized terms used
in this Amendment that are not otherwise defined have the meanings
set forth in the Warrants (as defined below).

 

WHEREAS, on July
28, 2017 and August 18, 2017, the Company issued five warrants to
the Holder, three warrants on July 28, 2017 with the right to
exercise into 4,078 Warrant Shares, 15,688 Warrant Shares, and
31,375 Warrant Shares, respectively, and two warrants on August 18,
2017 with the right to exercise into 4,120 Warrant Shares and 2,060
Warrant Shares, respectively, for an aggregate exercise amount of
57,321 Warrant Shares (collectively, the five warrants shall herein
be referred to as the “Warrants”);

 

WHEREAS, the
Company and the Holder desire to modify certain provisions of the
Warrants on the terms set forth herein.

 

NOW,
THEREFORE, the parties hereto, in consideration of the mutual
promises herein contained and for other good and valuable
consideration, the receipt and sufficiency of which is hereby
acknowledged, hereby agree to amend the Warrants as
follows:

 

The
Heading, Section 6(b), Section 12, Section 17 and Section 20 of the
Warrants is hereby deleted in their entirety and replaced with the
following:

 

THIS
PURCHASE WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF
MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, OR HYPOTHECATED,
OR BE THE SUBJECT OF ANY HEDGING, SHORT SALE, DERIVATIVE, PUT, OR
CALL TRANSACTION THAT WOULD RESULT IN THE EFFECTIVE ECONOMIC
DISPOSITION OF SUCH SECURITIES BY ANY PERSON FOR A PERIOD OF ONE
HUNDRED EIGHTY (180) DAYS IMMEDIATELY FOLLOWING THE EFFECTIVE DATE
OF THE REGISTRATION STATEMENT (FILE NO. 333-221847), AS FILED WITH
THE U.S. SECURITIES AND EXCHANGE COMMISSION, EXCEPT IN ACCORDANCE
WITH FINRA RULE 5110(g)(2).

 

6. (b)
Intentionally
Omitted.

 

12.

Transfer of Warrant

 

(a)

Transferability. This Warrant
and all rights hereunder (including, without limitation, any
registration rights) are transferable, in whole or in part, upon
surrender of this Warrant at the principal office of the Company or
its designated agent, together with a written assignment of this
Warrant substantially in the form attached hereto duly executed by
the Holder or its agent or attorney and funds sufficient to pay any
transfer taxes payable upon the making of such transfer. Upon such
surrender and, if required, such payment, the Company shall execute
and deliver a new Warrant or Warrants in the name of the assignee
or assignees, as applicable, and in the denomination or
denominations specified in such instrument of assignment, and shall
issue to the assignor a new Warrant evidencing the portion of this
Warrant not so assigned, and this original Warrant shall promptly
be cancelled. The Warrant, if properly assigned in accordance
herewith, may be exercised by a new holder for the purchase of
Warrant Shares without having a new Warrant issued. Neither this
Warrant nor any Warrant Shares issued upon exercise of this Warrant
shall be sold, transferred, assigned, pledged, or hypothecated, or
be the subject of any hedging, short sale, derivative, put, or call
transaction that would result in the effective economic disposition
of the securities by any person for a period of 180 days
immediately following the date of effectiveness or commencement of
sales of the offering pursuant to which this Warrant is being
issued, except the transfer of any security:

 

(i) by
operation of law or by reason of reorganization of the
Company;

 

(ii) to
any FINRA member firm participating in the offering and the
officers or partners thereof, if all securities so transferred
remain subject to the lock-up restriction in this Section 12(a) for
the remainder of the time period; or

 

(iii)
the exercise or conversion of any security, if all securities
received remain subject to the lock-up restriction in this Section
12(a) for the remainder of the time period.

 

 

 

 

 

 

(b)

New Warrants. This Warrant may
be divided or combined with other Warrants upon presentation hereof
at the aforesaid office of the Company, together with a written
notice specifying the names and denominations in which new Warrants
are to be issued, signed by the Holder or its agent or attorney.
Subject to compliance with Section 4(a), as to any transfer which
may be involved in such division or combination, the Company shall
execute and deliver a new Warrant or Warrants in exchange for the
Warrant or Warrants to be divided or combined in accordance with
such notice. All Warrants issued on transfers or exchanges shall be
dated the initial issuance date of this Warrant and shall be
identical with this Warrant except as to the number of Warrant
Shares issuable pursuant thereto.

 

(c)

Warrant Register. The Company
shall register this Warrant, upon records to be maintained by the
Company for that purpose (the “Warrant Register”), in the
name of the record Holder hereof from time to time. The Company may
deem and treat the registered Holder of this Warrant as the
absolute owner hereof for the purpose of any exercise hereof or any
distribution to the Holder, and for all other purposes, absent
actual notice to the contrary.

 

17.

Intentionally Omitted.

 

20.

Intentionally Omitted.

 

Except
as expressly amended by this Amendment, the provisions of the
Warrants shall remain in full force and effect.

 

This
Amendment may be executed in any number of counterparts, each of
which when so executed and delivered shall be deemed an original,
but all of which counterparts together shall constitute but one and
the same instrument. This Amendment shall become effective upon the
execution of a counterpart hereof by each of the parties hereto.
Delivery of an executed counterpart of a signature page to this
Amendment, any amendments, waivers, consents or supplements, by
facsimile or other electronic transmission (including a .pdf copy
sent by e-mail) shall be deemed to constitute an original and fully
effective signature of such party.

 

[Signature Page Follows]

 

 

 

 

 

 

 

 

 

 

IN WITNESS WHEREOF, the parties have duly executed this
Amendment as of the date first set forth above.

 

 

TRIPOINT
GLOBAL EQUITIES, LLC

 

 

By:
_______________________

Name:

Title:

 

 

 

ACCEPTED
AND AGREED TO

AS OF
THE ABOVE DATE:

 

YOUNGEVITY INTERNATIONAL, INC.

 

 

BY:
________________________________

      
Name: Stephan Wallach

   
   Title: Chairman and CEOregnum_ex101.htm

EXHIBIT 10.1

 

OPTION AND PURCHASE AGREEMENT

 

THIS AGREEMENT, effective as of June 28th, 2017, is made by and between Thomas Archer (“Producer”) and Regnum Corp. (“Owner”) concerning the rights to a Screenplay entitled “Hot Sands” and the materials upon which it is based. The following terms and conditions shall apply: 

  

1. DEFINITION OF “WORK”: For purposes of this Agreement, “Work” means the Screenplay entitled “Hot Sands” owned by Regnum Corp. and any and all other literary materials, titles, themes, formats, formulas, incidents, action, story, dialogue, ideas, plots, phrases, slogans, catchwords, art, designs, compositions, sketches, drawings, characters, characterizations, names, and trademarks now contained therein, as well as such elements as may at any time hereafter be added or incorporated therein, and all versions thereof in any form. 

 

2. GRANT OF OPTION: In consideration of the mutual promises contained herein, and the payment to Owner of $2,500.00 (the “Option Price”), which shall be applicable against the Purchase Price, Owner hereby grants to Producer the exclusive, irrevocable right and option (the “Option”) for 12 months (the “Option Period”) to acquire the exclusive motion picture, television, videocassette, and all subsidiary, allied, and ancillary rights in and to the Work pursuant to the terms set forth below. 

 

3. EXTENSION OF OPTION: 

 

	
 
	(a)	Producer shall have the right to extend the Option Period for one (1) period of 12 months for $2,500.00 which shall be non-applicable against the Purchase Price. For the right to the extension of the first Option Period there must be one of the following:

 

	
 
	(i)	letter of commitment to direct from a director;
	
 
	
 
	
 

	
 
	(ii)	the project is set up at a company or studio able to fund the project;
	
 
	
 
	
 

	
 
	(iii)	substantial negotiations in progress for complete financing of the film;
	
 
	
 
	
 

	
 
	(iv)	letter of commitment to act in the film from one actor; or
	
 
	
 
	
 

	
 
	(v)	a full-length feature-film script has been completed.

 

	
 
	(b)	
Producer shall have the right to extend the Option Period for one (1) additional 12 month period for $2,500.00 which shall be non-applicable against the Purchase Price. In order to have a right to a second extension, Producer must secure at least two (2) of the above five (5) items.

  

	 
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4. EXERCISE OF OPTION: Producer may exercise this Option at any time during the Option Period, as it may be extended, by giving written notice of such exercise to Owner and delivery to Owner of the minimum Purchase Price as set forth below. In the event Producer does not exercise said Option during the period as it may be extended, this Agreement shall be of no further force or effect whatsoever. All rights granted hereunder become property of Owner. 

 

5. PENDING EXERCISE OF OPTION: Producer shall have the right to engage in all customary development and pre-production activities during the Option Period as it may be extended. 

 

6. GRANT OF RIGHTS: Effective upon Producer’s exercise of the Option, Owner hereby exclusively sells, grants and assigns to Producer, Producer’s successors, licenses and assigns all rights in and to the Work, throughout the universe, in perpetuity, in any and all media and by any means now known or hereafter devised, including, without limitation, all forms of theatrical and non-theatrical distribution and exhibition (including without limitation, free broadcast, pay television, cable, subscription, pay-per-view, video-on-demand, DVD and Internet), including without limitation the following: all motion picture rights, including the right to make remakes, new versions or adaptations of the Work or any part thereof; to make series and serials of the Work or any part thereof; the right, for advertising and publicity purposes only, to prepare, broadcast, exhibit and publish in any form or media, any synopses, excerpts, novelizations, serializations, dramatizations, summaries and stories of the Work, or any part thereof; and all rights of every kind and character whatsoever in and to the Work and all the characters and elements contained therein. 

 

7. PURCHASE PRICE: As consideration for all rights and property herein granted, and all warranties and covenants herein made by Owner, Producer agrees to pay Owner the following sums not later than the commencement of principal photography of a production: 

 

	
 
	(a)	$32,500. if the final budget for the motion picture (less contingencies, financing costs, and bank fees) based on the Work does not exceed two million dollars ($2,000,000), less any moneys paid as option exercise money and less the option payment for the initial period;
	
 
	
 
	
 

	
 
	(b)	If the final budget exceeds two million dollars ($2,000,000), one percent (1%) of the final budget for the motion picture (less contingencies, financing costs, and bank fees) based on the Work less any amounts paid for option exercise; however, in no event shall the amount of such payment exceed fifty-thousand dollars ($50,000).

 

8. CREDITS:

 

	
 
	(a)	In the event a motion picture based substantially on the Work is produced hereunder, Owner shall receive credit.
	
 
	
 
	
 

	
 
	(b)	
Such credit shall be accorded on a single card in the main titles on all positive prints of the picture and in all paid advertising in which the director has received credit, subject to Producer’s and any distributor’s usual and customary exclusions. All other matters regarding prominence, placement, size, style and color of said credits shall be in Producer’s sole discretion. Nothing herein shall be construed to prevent so-called award or congratulatory or other similar advertising with respect to the material or Picture which omits the name of the Writer. 

  

	 
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9. NO OBLIGATION TO PRODUCE: While Producer shall use best efforts to effect a production hereunder, nothing herein shall be construed to obligate Producer to produce, distribute, release, perform or exhibit a film based upon the Work, in whole or in part, or otherwise to exercise, exploit or make any use of the rights, license, privileges or property gained herein to Producer.

 

10. REPRESENTATIONS AND WARRANTIES: 

 

	
 
	(a)	The Work itself is original with Owner and no part of the Work is in the public domain other than the extent to which historical facts are, by their nature, in the public domain;
	
 
	
 
	
 

	
 
	(b)	Owner has the right, authority and legal capacity to grant the rights granted to Producer herein;
	
 
	
 
	
 

	
 
	(c)	The work is not subject to any claim, arbitration, mediation, or litigation;
	
 
	
 
	
 

	
 
	(d)	The Work does not, and no use thereof will, infringe upon or violate any personal, proprietary or other right of any third party, including, without limitation, defamation, libel, slander or violation of any right of privacy or publicity or any copyright in underlying material; and
	
 
	
 
	
 

	
 
	(e)	Owner shall not exploit the Work in a manner inconsistent with the terms of this Agreement, specifically, to not sell, license, exploit or transfer any rights in the Work.

 

11. REMEDIES: Owner recognizes and confirms that in the event of a failure or omission by Producer constituting a breach of its obligations under this Agreement, whether or not material, the damage, if any, caused Owner is not irreparable or sufficient to entitle Owner to injunctive or other equitable relief. Consequently, Owner’s rights and remedies shall be limited to the right, if any, to obtain damages at law and Owner shall not have any right in such event to terminate or rescind this Agreement or any of the rights granted to Producer hereunder or to enjoin or restrain the development, production, advertising, promotion, distribution, exhibition or exploitation of the Picture and/or any of Producer’s rights pursuant to this Agreement. 

 

12. MISCELLANEOUS: 

 

	
 
	(a)	Arbitration. Disputes under this Agreement shall be settled pursuant to binding arbitration under the rules of the Independent Film and Television Alliance (“IFTA”) in California. The prevailing party will be entitled to reasonable attorney fees and costs.

  

	 
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	(b)	Indemnification. Owner shall indemnify and defend Producer from and against any and all claims and damages arising from the breach of any representation or warranty of Owner hereunder to the extent such claim or damage does not arise out of a breach by Producer hereunder. Producer shall indemnify and defend Owner from and against any and all claims and damages arising from the production, distribution, exhibition or exploitation of the Picture, or any element thereof, to the extent such claim or damage does not arise out of a breach by Owner hereunder.
	
 
	
 
	
 

	
 
	(c)	Accounting. Producer agrees to keep and maintain complete and accurate books and records relating to the Picture and the proceeds derived therefrom.
	
 
	
 
	
 

	
 
	(d)	Assignment. Owner may not assign its rights or obligations hereunder. Producer may freely assign its rights and obligations hereunder.
	
 
	
 
	
 

	
 
	(e)	Choice of Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada.
	
 
	
 
	
 

	
 
	(f)	Notices. All notices under this Agreement shall be in writing and may be served by facsimile or electronic mail. The date of receipt by facsimile or electronic mail, as the case may be, shall be the date of service of notice.
	
 
	
 
	
 

	
 
	(g)	This agreement may be signed in counterparts. Facsimile and scanned copies shall be deemed originals for all purposes.
	
 
	
 
	
 

	
 
	(h)	This Agreement constitutes the entire agreement between the parties hereto with respect to all of the matters herein and its execution has not been induced by, nor do any of the parties hereto rely upon or regard as material, any representations or writing whatsoever not incorporated herein and made a part hereof. No amendment or modification hereto shall be valid unless set forth in a writing signed by both parties.

 

IN WITNESS WHEREOF the parties hereto have caused this Agreement to be duly executed and delivered as of the day and year first above written.

 

	PRODUCER 	 	 	OWNER	 
	
 
	
 
	
 
	
 
	
 

	/s/ Thomas Archer	 	 	/s/ Tiffani Jones	 
	
Thomas Archer
	 	 	Regnum Corp	 

  

 

	
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