SEC Contract Filing

Filing Date: 2020-10-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>8
<FILENAME>f8k100620_ex10z2.htm
<DESCRIPTION>EXHIBIT 10.2 REGISTRATION RIGHTS AGREEMENT, DATED OCTOBER 8, 2020.
<TEXT>
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<TITLE>Exhibit 10.2 Registration Rights Agreement, dated October 8, 2020.</TITLE>
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<DIV style=margin-left:36pt;width:540pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>EXECUTION COPY</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>REGISTRATION RIGHTS AGREEMENT</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;margin-left:5.25pt;margin-right:3.7pt'>This Registration Rights Agreement (this &#8220;<FONT style='border-bottom:1px solid #000000'>Agreement</FONT>&#8221;) is made and entered into as of October 8, 2020 among <FONT style=background-color:#FFFFFF>Innocap, Inc.</FONT>, a Nevada corporation (the &#8220;<FONT style='border-bottom:1px solid #000000'>Company</FONT>&#8221;), and each of the several purchasers signatory hereto (each such purchaser, a &#8220;<FONT style='border-bottom:1px solid #000000'>Purchaser</FONT>&#8221; and, collectively, the &#8220;<FONT style='border-bottom:1px solid #000000'>Purchasers</FONT>&#8221;).</P>
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<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;margin-left:5.25pt;margin-right:3.7pt'><B>WHEREAS</B>, in connection with those certain Securities Purchase Agreements <A name=_Hlk31707498 />dated at or about the date hereof by and between the Company and the Purchasers (the &#8220;<FONT style='border-bottom:1px solid #000000'>Purchase Agreement</FONT>&#8221;), the Purchasers have agreed to purchase from the Company, severally and not jointly, an aggregate of up to (a) $2,222,000 of certain Notes (&#8220;<FONT style='border-bottom:1px solid #000000'>Notes</FONT>&#8221;), and (b) certain Warrants to purchase 1,140,956,904 shares of Common Stock, par value $0.001 per share, at an initial exercise price of $0.001946 per share, and exercisable for a period of five years following the Closing of the purchase and sale of such securities under the Purchase Agreement (the &#8220;<FONT style='border-bottom:1px solid #000000'>Warrants</FONT>,&#8221; and collectively with the Notes, the &#8220;<FONT style='border-bottom:1px solid #000000'>Securities</FONT>&#8221;); and</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;margin-left:5.25pt;margin-right:3.7pt'><B>WHEREAS</B>, to induce the Purchasers to purchase the Securities, the Company has agreed to grant the Purchasers certain rights with respect to registration of Registrable Securities (as defined below) under the Securities Act pursuant to the terms of this Agreement.</P>
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<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;margin-left:5.25pt;margin-right:3.7pt'><B>NOW, THEREFORE</B>, the Company and each Purchaser hereby agree as follows:</P>
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<P align=justify style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>1.</KBD><KBD style=margin-left:36pt></KBD><FONT style='border-bottom:1px solid #000000'>Definitions</FONT>.&nbsp;</P>
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<P align=justify style='font:10pt Times New Roman;margin:0'><B>Capitalized terms used and not otherwise defined herein that are defined in the Purchase Agreement shall have the meanings given such terms in the Purchase Agreement.</B> As used in this Agreement, the following terms shall have the following meanings:</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'>&#8220;<FONT style='border-bottom:1px solid #000000'>Advice</FONT>&#8221; shall have the meaning set forth in Section 6(d).</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'>&#8220;<FONT style='border-bottom:1px solid #000000'>Cutback Shares&#8221;</FONT> means any of the Initial Registrable Securities or the Registrable Securities to be included in the additional Registration Statement of Registrable Securities not included in all Registration Statements previously declared effective as contemplated hereunder as a result of a limitation on the maximum number of shares of Common Stock of the Company permitted to be registered by the staff of the SEC pursuant to Rule 415. The order for determining any applicable amount of Initial Registrable Securities or Registrable Securities subject to cutback is set forth in Section 2(c).</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'>&#8220;<FONT style='border-bottom:1px solid #000000'>Cut-Off Date</FONT>&#8221; shall have the meaning set forth in Section 2(a).</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;margin-left:36pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'>&#8220;<FONT style='border-bottom:1px solid #000000'>Effectiveness Date</FONT>&#8221; means, with respect to the Initial Registration Statement required to be filed hereunder and subject to any tolling of such date pursuant to Section 3(a), the 120<SUP>th</SUP> cal