SEC Contract Filing

Filing Date: 2022-02-16

Document Content:
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<TYPE>EX-10.2
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<FILENAME>exhibit10-2.htm
<DESCRIPTION>EXHIBIT 10.2
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 <title>Live Current Media Inc.: Exhibit 10.2 - Filed by newsfilecorp.com</title>
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 <p style="text-align: center;"><b>REGISTRATION RIGHTS AGREEMENT</b></p>
 <p style="text-indent: 36pt; text-align: justify;">This Registration Rights Agreement (this "<u>Agreement</u>") is made and entered into as of February 15, 2022 between Live Current Media, Inc., a Nevada corporation (the "<u>Company</u>") and Mercer Street Global Opportunity Fund, LLC ("<u>Purchaser</u>").</p>
 <p style="text-indent: 36pt; text-align: justify;">WHEREAS, the Company and the Purchaser are parties to that certain Securities Purchase Agreement, dated as of the date of this Agreement (the "<u>Purchase Agreement"</u>), pursuant to which the Purchaser is purchasing the Note and Warrants of the Company; and</p>
 <p style="text-indent: 36pt; text-align: justify;">WHEREAS, in connection with the consummation of the transactions contemplated by the Purchase Agreement, and pursuant to the terms of the Purchase Agreement, the parties desire to enter into this Agreement in order to grant certain registration rights to the Purchasers as set forth below.</p>
 <p style="text-indent: 36pt; text-align: justify;">NOW, THEREFORE, in consideration of the foregoing and the mutual and dependent covenants hereinafter set forth, the parties agree as follows:</p>
 <p style="text-indent: 36pt; text-align: justify;">1. Defined Terms. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in the Securities Purchase Agreement.&#160;</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Advice</u>" shall have the meaning set forth in Section 6(d).</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Agreement</u>" shall have the meaning set forth in the Preamble.</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>CDI 612.09</u>" means Section 612.09 of the Commission's Compliance and Disclosure Interpretations.</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Closing</u>" means the closing of the purchase and sale of the Notes and Warrants pursuant to the Purchase Agreement.</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Commission</u>" means the Securities and Exchange Commission.</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Common Stock</u>" means the common stock of the Company, par value $0.001 per share, issuable under the Note and Warrants, and any other class of securities into which such securities may hereafter be reclassified or changed into.</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Effectiveness Date</u>" means, with respect to the Initial Registration Statement required to be filed hereunder or any other Registration Statement, <u><b>60</b></u><b> </b>days following the filing of the Initial Registration Statement or Registration Statement; <u>provided</u>, <u>however</u>, that in the event the Company is notified by the Commission that one or more of the Registration Statements will not be reviewed or is no longer subject to further review and comments, the Effectiveness Date as to such Registration Statement shall be the fifth Trading Day following the date on which the Company is so notified if such date precedes the date otherwise required above.</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Effectiveness Period</u>" shall have the meaning set forth in Section 2(a).</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Event</u>" shall have the meaning set forth in Section 2(b).</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Event Date</u>" shall have the meaning set forth in Section 2(b).</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Filing Date</u>" means, with respect to the Initial Registration Statement required hereunder, April 7, 2022, and with respect to any additional Registration Statements which may be required pursuant to Section 2, the earliest practical date on which the Company is permitted by SEC Guidance to file such additional Registration Statements related to the Registrable Securities.</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Holder</u>" or "<u>Holders</u>" means the holder or holders, as the case may be, from time to time of Registrable Securities.</p>
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 <p style="text-indent: 36pt; text-align: justify;">"<u>Indemnified Party</u>" shall have the meaning set forth in Section 5(c).</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Indemnifying Party</u>" shall have the meaning set forth in Section 5(c).</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Initial Registration Statement</u>" means the initial Registration Statement filed pursuant to this Agreement.</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Losses</u>" shall have the meaning set forth in Section 5(a).</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Notes</u>" means the Original Issue Discount Convertible Promissory Notes issued to the Purchaser, under the Purchase Agreement.</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Person</u>" means an individual, corporation, partnership, joint venture, limited liability company, governmental authority, unincorporated organization, trust, association or other entity.</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Plan of Distribution</u>" shall have the meaning set forth in Section 2(a).</p>
 <p style="text-indent: 36pt; text-align: justify;">"<u>Proceeding</u>" means any action, claim, suit, investi