Document:

Exhibit

[*] Indicates confidential portions omitted pursuant to a request for confidential treatment filed separately with the Commission

Exhibit 10.2
FIRST AMENDMENT TO THE 
CO-BRANDED CREDIT CARD PROGRAM AGREEMENT

This First Amendment (“Amendment”) is between Citibank, N.A. (“Bank”) and Costco Wholesale Corporation (“Costco”), is effective as of November 6, 2015, and amends that certain Co-Branded Credit Card Program Agreement, by and between Bank and Costco, dated February 27, 2015 (the “Agreement”).

Pursuant to Section 16.10 of the Agreement, the Bank and Costco agree as follows:
1.Defined Terms.  All capitalized terms used but not defined in this Amendment will have the meanings ascribed to such terms in the Agreement.

2.[*].  The following is added after the first sentence of Section 2.09: [*]

3.[*].  The first sentence of Section 13.03(c) is deleted and replaced with the following:  
[*]
4.Full Force and Effect.  The Agreement, as modified hereby, will remain in full force and effect and this Amendment will not be deemed to be an amendment or a waiver of any other provision of the Agreement except as expressly stated herein. All such other provisions of the Agreement will also be deemed to apply to this Amendment. 
 
5.No Modification or Waiver; Incorporation.  No modification, amendment or waiver of this Amendment will be effective or binding unless made in writing and signed by the Parties.  The Parties agree that, except for those modifications expressly set forth in this Amendment, all terms and provisions of the Agreement will remain unchanged and in full force and effect.  This Amendment and the Agreement will hereafter be read and construed together as a single document, and all references to the Agreement will hereafter refer to the Agreement as amended by this Amendment.

6.Counterparts.  This Amendment may be executed in counterparts and if so executed will be enforceable and effective upon the exchange of executed counterparts, including by facsimile or electronic transmissions of executed counterparts.

Duly authorized representatives of the Parties have executed this Amendment.
	
		
	COSTCO WHOLESALE CORPORATION

By:  _/s/ Paul Latham____________________________
Name: Paul Latham_____________________________
Title:SVP - Membership, Marketing, Services_________
	CITIBANK, N.A.

By:  _/s/ Douglas C. Morrison__  ________   _________
Name:   Douglas C. Morrison_____  ____          _         _
Title: Vice President______________      _  ____Unassociated Document

 

Exhibit 10.28

 

AMENDMENT

TO

COPSYNC, INC. REGISTRATION RIGHTS AGREEMENT

 

THIS AMENDMENT (“Amendment”) to that certain Registration Rights Agreement (the “Agreement”), by and between COPsync, Inc., a Delaware corporation (the “Company”) and the purchasers set forth on the signature pages thereto (each a “Noteholder” and together the “Noteholders”), is made as of December 1, 2015 (the “Effective Date”).

 

WHEREAS, pursuant to Section 2(a) of the Agreement the Company must prepare and file with the SEC an initial Registration Statement on Form S-1 (the “Registration Statement”) covering the resale of Registrable Securities no later than October 15, 2015;

 

WHEREAS, pursuant to Section 2(a) of the Agreement, the Company must use reasonable best efforts to have the Registration Statement declared effective no later than December 14, 2015;

 

WHEREAS, the Company and the Noteholders desire to amend the Agreement to extend the dates by which the Company must file the Registration Statement and have it declared effective; and

 

WHEREAS, pursuant to Section 8 of the Agreement, the Agreement may be amended with the written consent of the Company and holders of at least a majority of the Notes.

 

NOW, THEREFORE, in consideration of the mutual promises set forth herein, the foregoing recitals, which are incorporated herein; and intending to be legally bound hereby, the parties agree as follows:

1. Each capitalized term used in this Amendment shall have the same meaning ascribed to such term in the Agreement unless otherwise defined in this Amendment.

 

2. Section 1(d) of the Agreement is hereby amended and restated in its entirety to read as follows:

 

“(d)  ‘Filing Deadline’ means (i) with respect to any Registration Statement required to be filed pursuant to Section 2(a), by December 18, 2015; and (ii) with respect to any additional Registration Statements that may be required to be filed by the Company pursuant to this Agreement, the date on which the Company was required to file such additional Registration Statement pursuant to the terms of this Agreement.”

3. Section 1(c) of the Agreement is hereby amended and restated in its entirety to read as follows:

 

“(c)  ‘Effectiveness Deadline’ means (i) with respect to any Registration Statement required to be filed pursuant to Section 2(a), February 19, 2016; and (ii) with respect to any additional Registration Statements that may be required to be filed by the Company pursuant to this Agreement, the earlier of the (A) 90th calendar day following the date on which the Company was required to file such additional Registration Statement and (B) 5th Business Day after the date the Company is notified (orally or in writing, whichever is earlier) by the SEC that such Registration Statement will not be reviewed or will not be subject to further review.”

 

  

  

  

4. The Noteholders hereby waive any Filing Default that may have occurred under the Agreement and waive any late fee they may be entitled to receive under Section 2(g) of the Agreement.

 

5. The terms and provisions of this Amendment shall modify and supersede the Agreement.  All other terms and conditions of the Agreement remain in full force and effect.

 

This Amendment may be delivered by facsimile or electronic mail signature and in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

[Signatures appear on the following page]

 

 

 

 

 

  

  

  

 

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

	  	
The Company

 

COPsync, Inc.

 

By:                                                                

Name: Ron Woessner

Title:   Chief Executive Officer

 

 

 

 

 

  

Signature Page to Amendment to COPsync, Inc. Registration Rights Agreement

  

 

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

	  	
Noteholder

 

 

                                                                    

 

 

 

 

 

 

  

Signature Page to Amendment to COPsync, Inc. Registration Rights AgreementUnassociated Document

 

Exhibit 10.29

 

AMENDMENT

TO

STOCK PURCHASE WARRANT

 

THIS AMENDMENT (“Amendment”) to that certain Stock Purchase Warrant (the “Warrant”), by and between COPsync, Inc., a Delaware corporation (the “Company”) and each of the persons that are signatories to this Amendment (“Investor”), is made as of December 15, 2015 (the “Effective Date”).

 

WHEREAS, pursuant to Section 1.2 of the Warrant, the Exercise Price of each Warrant is $0.15 per share, because the Public Offering did not close prior to October 1, 2015;

 

WHEREAS, on October 14, 2015, the Company effectuated a 50-for-1 reverse stock split, pursuant to which every 50 shares of common stock of the Company issued and outstanding immediately prior to such reverse stock split were automatically combined into 1 share of common stock of the Company (the “Reverse Stock Split”);

 

WHEREAS, pursuant to Section 9.2 of the Warrant, the Exercise Price was proportionately increased to $7.50 per share to reflect the Reverse Stock Split;

 

WHEREAS, the Company closed a Public Offering on November 18, 2015, pursuant to which the Company issued warrants to purchase shares of common stock at an exercise price of $3.125 (the “Public Offering Warrant Exercise Price”);

 

WHEREAS, the Company has sought consent of each Investor to amend the terms (the “Registration Rights Amendment”) of that certain Registration Rights Agreement between the Company and the Investors to (i) delay to December 18, 2015 the deadline to file a registration statement and (ii) waive any penalty fees owed to the Investors for the delay;

 

WHEREAS, the Company and Investor desire amend the Warrant to reduce the Exercise Price to the Public Offering Warrant Exercise Price; and

 

WHEREAS, the Company and Investor desire amend the Warrant to clarify the number of shares underlying such Warrant.

 

NOW, THEREFORE, in consideration of the mutual promises set forth herein, the foregoing recitals, which are incorporated herein; and intending to be legally bound hereby, the parties agree as follows:

1. Each capitalized term used in this Amendment shall have the same meaning ascribed to such term in the Warrant unless otherwise defined in this Amendment.

 

2. Upon the Registration Rights Amendment being signed by a majority of the Notes, then Section 1.2 of the Warrant is hereby amended and restated in its entirety to read as follows:

 

“1.2 ‘Exercise Price’ means $3.125.”

 

  

  

  

3. Upon the Registration Rights Amendment being signed by a majority of the Notes, then Section 2.1 of the Warrant is hereby amended and restated in its entirety to read as follows:

 

“2.1 This Warrant shall be exercisable for a number of Shares equal to 80% of the number of shares received by the Holder upon conversion of such Holder’s Notes, as set forth on Exhibit A of the Amendment, at the Exercise Price.”

4. The terms and provisions of this Amendment shall modify and supersede the Warrant.  All other terms and conditions of the Warrant remain in full force and effect.

 

This Amendment may be delivered by facsimile or electronic mail signature and in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

[Signatures appear on the following page]

 

 

 

  

  

  

 

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

	  	
The Company

 

COPsync, Inc.

 

By:                                                                

Name: Ron Woessner

Title:   Chief Executive Officer

 

 

 

 

 

  

Signature Page to Amendment to Stock Purchase Warrant

  

 

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

	  	
Investor

 

 

                                                                        

 

 

 

 

 

 

 

 

 

  

Signature Page to Amendment to Stock Purchase Warrant

  

 

EXHIBIT A

	
Investor

	 	
Number of Underlying Shares

	 
	
Vaibhav Sagar

	 	 	2,947	 
	
Robert Miglani

	 	 	8,840	 
	
Richard Dvorak

	 	 	2,947	 
	
Magna Equities II, LLC

	 	 	29,463	 
	
Joseph Chalil

	 	 	7,366	 
	
Dominion Capital LLC

	 	 	29,463	 
	
Ajay Tandon

	 	 	5,882	 
	
Makarand Jawadekar

	 	 	2,941	 
	
Sujal D. Mehta

	 	 	2,941	 
	
East Bayview Holdings LLC

	 	 	58,810	 
	
Full Value Partners LP

	 	 	44,108	 
	
Opportunity Partners, LP

	 	 	36,757	 
	
Full Value Special Situations Fund LP

	 	 	2,941	 
	
MCM Opportunity Parnters, LP

	 	 	5,882	 
	
Calapasas West Partners, LP

	 	 	14,703	 
	
Mercury Partners, LP

	 	 	16,173	 
	
Steady Gain Paartners, LP

	 	 	26,465	 
	
Scott Dols

	 	 	29,405	 
	
Ascendant Parnters LLC

	 	 	14,703	 
	
Sunil Kumar Vandana Kumar

	 	 	4,412	 
	
Michael Spector

	 	 	14,703	 
	
Larry Horn

	 	 	58,810	 
	
Leonard M. Schiller Revocable Trust UAD 10/3/97

	 	 	7,352	 
	
Robert and Kathy Fries

	 	 	7,352	 
	
Joseph B. & Judy A. McGoldrick

	 	 	14,646	 
	
Hampel Family Limited Partnership

	 	 	29,291	 
	
Richard L. Heyden

	 	 	29,291	 
	
Vaibhav A. Sagar

	 	 	2,930	 
	
Robert Miglani

	 	 	8,788	 
	
Jan A. Roe

	 	 	7,322	 
	
Total Underlying Shares

	 	 	527,634

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