SEC Contract Filing

Filing Date: 2019-05-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>2
<FILENAME>ex10_2.htm
<DESCRIPTION>AMENDMENT TO ASSET PURCHASE AGREEMENT
<TEXT>
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<TITLE></TITLE>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT 10.2&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMENDMENT TO </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>ASSET PURCHASE AGREEMENT</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><B>THIS AMENDMENT
TO ASSET PURCHASE AGREEMENT</B>, entered into this 7th day of May, 2019, is by and between SPEEDCONNECT LLC (the &#8220;Seller&#8221;),
a Michigan limited liability company, and TPT GLOBAL TECH, INC. (&#8220;Purchaser&#8221;), a Florida corporation. Seller and Purchaser
may be referred to herein as collectively as the &#8220;Parties&#8221; or each a &#8220;Party.&#8221;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>WITNESSETH:</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the Parties
previously entered into that certain Asset Purchase Agreement dated April 2, 2019 (the &#8220;Purchase Agreement&#8221;);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.15pt"><B>WHEREAS</B>,
the Parties desire to amend the Purchase Agreement, upon the terms and conditions set forth herein;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.15pt"><B>NOW,
THEREFORE</B>, in consideration of the premises and the mutual covenants set forth herein, the Parties hereby amend the Purchase
Agreement as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
2.5(a)(ii)(A) of the Purchase Agreement is hereby amended and restated in its entirety to read as follows:</P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#9;&#8220;A.&#9;Five Hundred
Thousand and 00/100 Dollars ($500,000.00) shall be paid by Purchaser to Seller&nbsp;on the Closing Date, being May 7th 2019,&nbsp;as
follows:</P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in">(1) by wire
transfer of immediately available funds by Purchaser to Purchaser&#8217;s attorney to an escrow account designated in writing by
Purchaser's attorney; and</P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in">(2) immediately
thereafter, by wire transfer of immediately available funds by Purchaser&#8217;s attorney from such escrow account to an account
designated in writing by Seller.&#8221;</P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.15pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Employment Agreements between Purchaser and each of Mike Denny, Randy Valentine, and Mary Kay Lucio, as referenced in sections
3.2(a)(vi) and 3.2(b)(vi) of the Purchase Agreement shall no longer be executed and delivered at Closing. The Employment Agreements
shall be executed and delivered upon the expiration of the Business Management Term (as defined in the Management Agreement).</FONT></P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.15pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit
D attached hereto is hereby substituted for and in place of Exhibit D to the Purchase Agreement for all purposes.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.15pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
definition of &#8220;Working Capital Target&#8221; as set forth in Schedule 1.1 of the Disclosure Schedule is hereby amended and
restated in its entirety to read as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbs