Document:

Exhibit 10.3

 

AMENDMENT NO. 2 TO
 SIXTH EXTENSION AGREEMENT

 

AMENDMENT NO. 2, dated April 25, 2014 (this “Amendment”), to SIXTH EXTENSION AGREEMENT, dated as of April 3, 2014 (as amended from time to time, the “Agreement”), by and among The Karlsson Group, Inc., an Arizona corporation (“Karlsson”), on the one hand, and Prospect Global Resources, Inc., a Delaware corporation (“Prospect DE”), Prospect Global Resources, Inc., a Nevada corporation (“Parent”), Apache County Land & Ranch, LLC, a Nevada limited liability (“Apache”) and American West Potash, LLC, a Delaware limited liability company (“AWP” and collectively with Prospect DE, Parent and Apache the “Prospect Parties” and each a “Prospect Party”) on the other hand, is made with reference to the following facts:.

 

RECITALS

 

A.            The Prospect Parties and Karlsson are parties to the Agreement.

 

B.            The Prospect Parties have requested that Karlsson amend the deadline for making payment of the Karlsson Legal Expenses (as defined in the Agreement) pursuant to Section 7 of the Agreement by four days until April 29, 2014.

 

The parties hereby amend the Agreement as follows:

 

1.             Amendments.

 

a.             Section 7 of the Agreement is hereby amended to change the reference therein to “April 25 , 2014” to read instead “April 29, 2014.”

 

b.             Section 5(a) of the Agreement is hereby amended to change the reference therein to “April 23, 2014” to read instead “April 29, 2014”.

 

2.             Miscellaneous.

 

a.             No Other Amendment. Except as expressly amended in this Amendment, all provisions of the Agreement shall remain in full force and effect, and the parties thereto and hereto shall continue to have all their rights and remedies under the Agreement. In the event of a conflict between the terms and provisions of this Amendment and the terms and provisions of the Agreement, the provisions of this Amendment shall govern.

 

b.             Relation to Agreement. This Amendment constitutes an integral part of the Agreement. Capitalized terms not otherwise defined herein shall have the respective meanings given them in the Agreement. Upon the effectiveness of this Amendment, each reference in the Agreement to “this Agreement,” “hereunder,” “hereof,” or words of like import referring to the Agreement, shall mean and be a reference to the Agreement, as amended hereby.

 

 

c.             Successors and Assigns. This Amendment shall be binding on and shall inure to the benefit of the parties hereto and their respective successors and assigns except as otherwise provided herein.

 

d.             Counterparts. This Amendment may be executed by the parties hereto on any number of separate counterparts, any of which may be executed and transmitted by facsimile, and each of which shall be deemed an original and all of which, taken together, shall be deemed to constitute one and the same instrument.

 

e.             Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of Arizona, without regard to its principles of conflicts of law.

 

[Signature Page Follows]

 

2

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered as of the date first above written.

 

	
 
    	
KARLSSON:
    
	
 
    	
 
    
	
 
    	
The   Karlsson Group, Inc.
    
	
 
    	
an   Arizona corporation
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Michael Stone
    
	
 
    	
Name:
    	
Michael   Stone
    
	
 
    	
Its:
    	
CFO/Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
PROSPECT   DE:
    
	
 
    	
 
    
	
 
    	
Prospect   Global Resources, Inc.,
    
	
 
    	
a   Delaware corporation
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Damon Barber
    
	
 
    	
Name:   
    	
Damon   Barber
    
	
 
    	
Its:   
    	
President,   CEO and Secretary
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
PARENT:
    
	
 
    	
 
    
	
 
    	
Prospect   Global Resources, Inc.,
    
	
 
    	
a   Nevada corporation
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Damon Barber
    
	
 
    	
Name:   
    	
Damon   Barber
    
	
 
    	
Its:   
    	
President,   CEO and Secretary
    

 

3

 

	
 
    	
AWP:
    
	
 
    	
 
    
	
 
    	
American   West Potash, LLC
    
	
 
    	
a   Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Damon Barber
    
	
 
    	
Name:   
    	
Damon   Barber
    
	
 
    	
Its:   
    	
President,   CEO and Secretary
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
APACHE:
    
	
 
    	
 
    
	
 
    	
Apache   County Land & Ranch, LLC
    
	
 
    	
a   Nevada limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Damon Barber
    
	
 
    	
Name:   
    	
Damon   Barber
    
	
 
    	
Its:   
    	
President,   CEO and Secretary
    

 

4exhibit41.htm

EXHIBIT 4.1

 

 

 

 

 

SATYA WORLDWIDE, INC.

 

A FLORIDA CORPORATION

 

TOTAL AUTHORIZED ISSUE

300,000 SHARES SERIES A CONVERTIBLE PREFERRED STOCK, $0.001 PAR VALUE

This certifies that _________________________________________________ is hereby issued ____________________________________________________ fully paid and non-assessable Shares of Series A Convertible Preferred Stock of Satya Worldwide, Inc., transferable on the books of the Corporation by the holder hereof, in person or by duly authorized Attorney upon surrender of this Certificate properly endorsed.

In Witness Whereof, Satya Worldwide, Inc. has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal to be hereunto affixed as of this ___ day of ___________________ 20____.

 

 

 

 

 

	 	  	 
	
Chief Executive Officer

	
[SEAL]

	
Secretaryexhibit42.htm

EXHIBIT 4.2

 

 

 

SATYA WORLDWIDE, INC.

 

A FLORIDA CORPORATION

 

TOTAL AUTHORIZED ISSUE

280,000,000 SHARES COMMON STOCK, $0.0001 PAR VALUE

This certifies that _________________________________________________ is hereby issued ____________________________________________________ fully paid and non-assessable Shares of Common Stock of Satya Worldwide, Inc., transferable on the books of the Corporation by the holder hereof, in person or by duly authorized Attorney upon surrender of this Certificate properly endorsed.

In Witness Whereof, Satya Worldwide, Inc. has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal to be hereunto affixed as of this ___ day of _____________ 20___.

 

 

 

 

 

	 	  	 
	
Chief Executive Officer

	
[SEAL]

	
Secretaryexhibit101.htm

EXHIBIT 10.1

SATYA WORLDWIDE, INC.

SUBSCRIPTION AGREEMENT

Satya Worldwide, Inc.

429 N. Dixie Highway, Suite 201

Pompano Beach, FL 33060

Ladies and Gentlemen:

1.           The undersigned hereby subscribes for and agrees to purchase shares of Series A Convertible Preferred Stock (the “Shares”) of Satya Worldwide, Inc., a Florida corporation (the “Company”), as described below, pursuant to the Prospectus dated _______________ __, 2014 (the “Prospectus”), a copy of which is attached hereto.  Please issue the Shares described in the Subscription Agreement (the “Agreement”), as set forth below.

2.           The undersigned hereby represents and warrants to and covenants and agrees with the Company as follows:

(a)           The undersigned has all requisite authority to enter into this Agreement.

(b)           The undersigned is a resident of the state set forth below and is acquiring the Shares for the undersigned and not as an agent, nominee or otherwise for any other person or entity except as set forth below.

(c)           The undersigned acknowledges that the undersigned has relied solely upon the undersigned’s own independent investigation and review of the Company and the Prospectus in deciding to purchase the Shares.  The undersigned is not relying upon any oral representations in making the decision to purchase the Shares.

(d)           The undersigned understands that neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the Shares or passed upon the adequacy or accuracy of the Prospectus.

(e)           The undersigned acknowledges that there is no minimum number of Shares which must be sold in order for the Company to accept the undersigned’s subscription and utilize the undersigned’s investment.

(f)           The undersigned understands that there is no public market for the Shares and such a public market may never develop.

(g)           The undersigned is acquiring the Shares solely for his or her own account, for investment purposes, and not with a view to, or for resale in connection with, any distribution of the Shares or the shares of Common Stock of the Company into which they are convertible except in compliance with applicable securities laws.

(h)           The undersigned has not offered or sold any portion of his or her Shares and has no present intention of dividing his or her Shares with others or of reselling or otherwise disposing of any portion of his or her Shares either currently or after the passage of a fixed or determinable period of time or upon the occurrence or nonoccurrence of any predetermined event or circumstance.

(i)           The undersigned acknowledges that the Company has the right in its sole and absolute discretion to abandon the offering of the Shares at any time prior to the completion of such offering and to return the previously paid subscription price of the Shares without interest thereon, to the respective subscribers.

 

 

 

 

  

Page 1 of 2

  

(j)           The undersigned has not entered into any agreement to pay any broker’s or finder’s fee to any person or entity with respect to the purchase of the Shares.

3.           The undersigned hereby covenants and agrees with the Company that within 360 days of the consummation of the offering being made pursuant to the Prospectus, with or without prior notice from the Company to the undersigned, the Company shall covert the Shares into shares of common stock, par value $.0001 per share, of the Company (the “Common Stock”), so that each share of Series A Convertible Preferred Stock converts into 450 shares of Common Stock.  The undersigned hereby directs the Company to issue a certificate representing said shares of Common Stock in the name of the undersigned upon the conversion of the Preferred Stock and to cancel the stock certificate for the Series A Convertible Preferred Stock registered in the name of undersigned.

4.           This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Florida.

5.           This Agreement may only be amended by an instrument in writing, signed by the parties to this Agreement.

6.           The provisions of this Agreement shall be binding upon and accrue to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns.

7.           Any written notice hereunder to the undersigned shall be sent to the address set forth below and shall be transmitted by U.S. Mail or by electronic mail via the Internet (“Email”) and shall be deemed effective within one (1) day of the mailing of such notice by U.S. Mail or immediately upon the transmission of an Email to the undersigned.

IN WITNESS WHEREOF, the undersigned has executed this Agreement on the date set forth below.

Sincerely yours,

 

	 	 	 
	
(Signature)

	 	
(Signature of co-owner, if applicable)

	  	 	  
	 	 	  
	
(Print Name)

	 	
(Print Name)

	  	 	  
	 	 	  
	
(Date)

	 	
(Date)

Number of Shares of Series A Convertible Preferred Stock Subscribed for at $9.00 per Share: ___________ Shares

Consideration delivered with this Subscription Agreement:  $____________________

State of Residence:    ___________________________________________________

Principal Place of Business (if not an individual): _____________________________

Social Security / Tax ID Number: _________________________________________

Print name and address of Shareholder:

 

___________________________________________________________________

 

___________________________________________________________________

 

Telephone Number:  ___________________________________________________

 

Email:                          ___________________________________________________

This Subscription Agreement has been accepted by Satya Worldwide, Inc. on the ______ day of ___________________.

SATYA WORLDWIDE, INC., a Florida corporation

By:         _____________________________________________________________

 

Name:    _____________________________________________________________

 

Title:      _____________________________________________________________

 

 

 

 

  

Page 2 of 2

  

Attachment to Subscription Agreement

SATYA WORLDWIDE, INC.

SHAREHOLDER NOTICE

OF

ELECTION TO CONVERT SHARES

OF

SERIES A CONVERTIBLE PREFERRED STOCK

INTO

SHARES OF COMMON STOCK

1.           Pursuant to this Notice of Conversion (the “Notice”), the undersigned hereby voluntarily elects to convert the number of shares of Series A Convertible Preferred Stock, par value $0.001 per share (“Preferred Stock”), of Satya Worldwide, Inc., a Florida corporation (the “Company”), as set forth below, which are registered in the name of the undersigned, into shares of Common Stock, par value $0.0001 per share, of the Company at the conversion rate of one (1) share of Preferred Stock into 450 shares of Common Stock).

2.           The undersigned hereby directs the Company to issue a certificate representing said shares of Common Stock in the name of the undersigned upon the conversion of the Preferred Stock and to cancel the stock certificate for the Preferred Stock registered in the name of undersigned, which is attached to this Notice.

3.           The undersigned represents that it is acquiring the shares of Common Stock solely for its own account and not as a nominee for any other party and not with a view toward the resale or distribution thereof except in compliance with applicable securities laws.

IN WITNESS WHEREOF, the undersigned has executed this Notice on the date set forth below.

Sincerely yours,

 

Name of Shareholder:  ___________________________________________

 

	 	 	 
	
(Signature)

	 	
(Signature of co-owner, if applicable)

	  	 	  
	 	 	  
	
(Print Name)

	 	
(Print Name)

	  	 	  
	 	 	  
	
(Date)

	 	
(Date)

Number of Shares of Series A Convertible Preferred Stock Being Converted Pursuant to this Notice:   

 

__________________________________________

 

 

  

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