Document:

ex10-80.htm

Exhibit 10.80

 

AMENDMENT NUMBER THREE TO SECURITIES PURCHASE AGREEMENT

 

THIS AMENDMENT NUMBER THREE TO SECURITIES PURCHASE AGREEMENT, dated as of April 01, 2015 (this “Amendment”), is entered into by and between OMNICOMM SYSTEMS, INC., a Delaware corporation with headquarters located at 2101 W. Commercial Blvd., Suite 3500, Ft. Lauderdale, FL 33309 (the “Company”), and the individual or entity named on an executed counterpart of the signature page hereto (each such signatory is referred to as a “Buyer”) (each agreement with a Buyer being deemed a separate and independent agreement between the Company and such Buyer, except that each Buyer acknowledges and consents to the rights granted to each other Buyer (each, an “Other Buyer”) under such agreement and the Transaction Agreements, as originally defined in the Securities Purchase Agreement dated December 31, 2009).

 

W I T N E S S E T H:

 

WHEREAS, the Company and the Buyer did execute and mutually deliver a Securities Purchase Agreement and Security Interest Agreement (the “Security Interest Agreement”) on December 31, 2009 (the “Purchase Agreement”); which was extended on June 30, 2011 with the document named “AMENDMENT NUMBER ONE TO SECURITIES PURCHASE AGREEMENT” and extended again on February 22, 2013 with the document named “AMENDMENT NUMBER TWO TO SECURITIES PURCHASE AGREEMENT”; and

 

WHEREAS, the Buyer wishes to extend the maturity date of monies lent to the Company, subject to and upon the terms and conditions of the Purchase Agreement and acceptance of this Addendum by the Company, the Purchase Price (as defined in the Purchase Agreement), the repayment of which was represented by 12% Convertible Debentures Series 09 of the Company (the “Debenture” or “Convertible Debenture” and collectively with all Other Buyers the “Debentures” or “Convertible Debentures”), which Convertible Debentures are convertible into shares of Common Stock, $0.001 par value per share, of the Company (the “Common Stock”), upon the terms and subject to the conditions of such Convertible Debentures, together with the Warrants (“Warrants”) (as defined in the Purchase Agreement) exercisable for the purchase of shares of Common Stock;

 

NOW THEREFORE, in consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

The Buyer hereby agrees to:

 

	 	
1.
	
Extend the Maturity Date (“Maturity Date”) as defined in the Purchase Agreement to April 01, 2018, and

 

 

The Company hereby agrees to extend the expiration date of the Warrants related to the Convertible Debenture to April 01, 2018. Other than as expressly detailed in this Addendum, all other rights, responsibilities and obligations of Buyer and the Company as provided in the Purchase Agreement, Security Interest Agreement, Warrant and Debenture or Convertible Debenture dated December 31, 2009 will prevail and supersede the terms and conditions of this Addendum. 

 

 

 

 

 

Exhibit 10.80 

 

[ADDENDUM NUMBER THREE TO SECURITIES PURCHASE AGREEMENT SIGNATURE PAGE]

 

IN WITNESS WHEREOF, with respect to the Purchase Price specified below, each of the undersigned represents that the foregoing statements made by it above are true and correct and that it has caused this Addendum to be duly executed on its behalf (if an entity, by one of its officers thereunto duly authorized) as of the date first above written.

 

	
PURCHASE PRICE:
	
$15,000.00

 

 

BUYER:

 

 

Paul Spitzberg         

Printed Name of Buyer

 

 

 

By: /s/ Paul Spitzberg

                 (Signature of Authorized Person)

 

Address: 

 

Telecopier No.______________________________

 

	
 
	
 

Printed Name and Title                              

 

	
 
	
 

Jurisdiction of Incorporation

or Organization

 

If the above Notice Address is not the Residence (for individual Buyer) or Principal Place of Business (for Buyer which is not an individual), such Residence or Principal Place of Business is:

 

	
 
	
 
	
 

	
 
	
 
	
 

	 	 	 
	 	 	 
	
 
	
 
	
 

 

COMPANY:

 

OMNICOMM SYSTEMS, INC. 

 

	
By:
	
/s/ Thomas E. Vickers
	
 

	 	Thomas E. Vickers	
 

	 	Chief Financial Officerex10-81.htm

Exhibit 10.81

 

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 12% Convertible Debenture Series 08-04 of the Maker (“Convertible Debenture”) dated December 16, 2008 in the aggregate to all Holder in the principal of $200,000. 

 

WHEREAS, the Maturity Date of the Convertible Debentures, as that term is defined in the Convertible Debenture, is of January 01, 2016, 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 April 01, 2018.

 

	 	
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 December 16, 2008, which were previously scheduled to expire on January 01, 2016. The new expiration date is April 01, 2018.

 

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:
	
/s/ Thomas E. Vickers
	
 

	
 
	
 
	
Thomas E. Vickers
	
 

	
 
	
 
	
Chief Financial Officer
	
 

 

[HOLDERS SIGNATURE PAGE FOLLOWS]

 

 

 

 

 

Exhibit 10.81 

 

[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:

	
 
	
 

	
 
	
 

	 	Fernando Montero Incentive Savings Trust
	 	Printed Name of Holder
	 	 
	 	 
	 	 
	 	By: /s/ Fernando Montero
	 	(Signature of Holder or Authorized Person)
	 	 
	 	 
	 	 
	 	 
	 	Printed Name and Title if Authorized Person
	 	 
	 	 
	 	 
	 	 
	 	April 27, 2015
	 	Dateex10-82.htm

Exhibit 10.82

 

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 (such signatory is referred to as “Holder”) and OmniComm Systems, Inc., a Delaware corporation (“Maker”) and is entered into as of the day the Holder executes a copy of this Extension.

 

WHEREAS, Maker has delivered to Holder that certain 12% Convertible Debenture Series 08-04 of the Maker (“Convertible Debenture”) dated December 16, 2008 in the aggregate to the Holder in the principal of $25,000. 

 

WHEREAS, the Maturity Date of the Convertible Debentures, as that term is defined in the Convertible Debenture, is January 01, 2016, and all principal due thereunder remains unpaid as of the date hereof.

 

WHEREAS, the parties have agreed to extend the Maturity Date.

 

WHEREAS, 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, 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 April 01, 2018.

 

	 	
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 December 16, 2008, which were originally scheduled to expire on January 01, 2016. The new expiration date is April 01, 2018.

 

IN WITNESS WHEREOF, this Extension of Maturity Date of Convertible Debenture is executed as of the day and date the Holder executes a copy of this Extension.

	
 
	
 
	
 
	
 

	
 
	
 
	
OmniComm Systems, Inc.
	
 

	
 
	
 
	
 
	
 

	 	 	 	 
	 	 	By: /s/ Thomas E. Vickers	 
	 	 	Thomas E. Vickers	 
	 	 	Chief Financial Officer	 

 

[HOLDERS SIGNATURE PAGE FOLLOWS]

 

 

 

 

 

Exhibit 10.82 

 

[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:
	 
	
 
	
 
	 
	
 
	
 
	 
	
 
	
Stephen E. Johnson
	 
	
 
	
Printed Name of Holder
	 
	
 
	
 
	 
	
 
	
 
	 
	
 
	
 
	 
	
 
	
By: /s/ Stephen E. Johnson
	 
	
 
	
(Signature of Holder or Authorized Person)
	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Printed Name and Title if Authorized Person	 
	 	 	 
	 	 	 
	 	 	 
	 	April 30, 2015	 
	 	Date

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