SEC Contract Filing

Filing Date: 2018-03-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex101to8k10211002_03022018.htm
<DESCRIPTION>AMENDMENT TO 6% UNSECURED PROMISSORY NOTE AND WAIVER AGREEMENT
<TEXT>
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<P STYLE="margin: 0; text-align: right">Exhibit 10.1</P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: left"></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center">AMENDMENT<BR>
TO<BR>
6% UNSECURED PROMISSORY NOTE<BR>
AND<BR>
<U>WAIVER AGREEMENT</U></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-indent: 0.5in">This AMENDMENT TO 6% UNSECURED PROMISSORY
NOTE AND WAIVER AGREEMENT is made as of February 28, 2018, by and between AMERI HOLDINGS, INC. (the &ldquo;<U>Company</U>&rdquo;)
and MONETA VENTURES FUND I, L.P. (&ldquo;<U>Moneta</U>&rdquo;).</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><U>RECITALS</U></P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">A.</TD><TD>Pursuant to the Share Purchase Agreement by and among the Company, ATCG Technology Solutions, Inc. (&ldquo;<U>ATCG</U>&rdquo;),
and all of the stockholders of ATCG (including Moneta), dated March 10, 2017 (the &ldquo;<U>Purchase Agreement</U>&rdquo;), the
Company acquired all of the outstanding equity securities of ATCG.<BR>
<BR>
</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">B.</TD><TD>In connection with the transactions contemplated by the Purchase Agreement, the Company issued to Moneta (i) a 6% Unsecured
Promissory Note Due June 30, 2018, dated of even date with the Purchase Agreement (the&nbsp;&ldquo;<U>Moneta Note</U>&rdquo;),
in the initial principal amount of $3,102,815.77 and (ii) 477,356 shares of the Company&rsquo;s Common Stock (the &ldquo;<U>Moneta
Shares</U>&rdquo;).<BR>
<BR>
</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">C.</TD><TD>On January 10, 2018, the Company paid $850,000 due to Moneta under the Moneta Note, leaving a remaining principal balance under
the Moneta Note of $2,412,705.63 as of January 10, 2018.</TD></TR></TABLE>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.75in">&nbsp;</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">D.</TD><TD>The Company and Moneta now desire to amend the payment terms of the Moneta Note, waive the existence of any event of default
pursuant to the Moneta Note and provide for a waiver on certain restrictions set forth in the Purchase Agreement with respect to
resale of the Moneta Shares.</TD></TR></TABLE>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><U>AGREEMENT</U></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the premises and the mutual covenants and agreements set forth herein, the Company and Moneta agree as follows:</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">1.</TD><TD><U>Amendment to First Paragraph of Moneta Note</U>. The first two (2) full paragraphs of the Moneta Note are deleted in their
entirety and replaced with the following:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">&ldquo;<I>THIS
NOTE (this &ldquo;<B>Note</B>&rdquo;) is duly authorized and issued by <B>Ameri Holdings, Inc.</B>, a Delaware corporation (the
&ldquo;<B>Company</B>&rdquo;), and designated as a 6% Unsecured Promissory Note of the Company in the original principal amount
of Three Million, One Hundred Two Thousand, Eight Hundred Fifteen U.S. Dollars and Seventy-Seven ($3,102,815.77). Principal and
interest hereon shall be paid pursuant to the schedule set forth in Section 1(a) below and all remaining principal and unpaid accrued
interest hereunder shall be due and payable on August 31, 2018 (the &ldquo;<B>Maturity Date</B>&rdquo;).</I>&rdquo;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in"><I>FOR VALUE
RECEIVED, the Company hereby promises to pay to the order of <B>Moneta Ventures Fund I, L.P.</B>, or its registered assigns or
successors-in-interest (the &ldquo;<B>Holder</B>&rdquo;)