SEC Contract Filing

Filing Date: 2023-08-11

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>rubicontech_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Exhibit 10.2</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AMENDMENT TO CONVERTIBLE DEBENTURE</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This <B>AMENDMENT TO CONVERTIBLE DEBENTURE </B>(this &ldquo;<B><U>Amendment</U></B>&rdquo;) dated as of August&nbsp;8, 2023, by and between Rubicon Technologies, Inc. (the &ldquo;<B><U>Company</U></B>&rdquo;) and the investor signatory hereto (the &ldquo;<B><U>Holder</U></B>&rdquo;). Each of the Company and the Holder shall be referred to collectively as the &ldquo;Parties&rdquo; and individually as a &ldquo;Party.&rdquo;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>W I T N E S S E T H</U>:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>, pursuant to the terms of that certain Securities Purchase Agreement dated as of November&nbsp;30, 2022, executed by and among the Company and the investors party thereto, the Company issued to the Holder Convertible Debenture (Debenture Number: RBT-1), dated as of November&nbsp;30, 2022 (the &ldquo;<B>Convertible Debenture</B>&rdquo;) in an aggregate principal amount of $7 million <FONT STYLE="background-color: white">which is convertible into shares of the Company&rsquo;s Class A common stock, par value $0.0001. The Securities Purchase Agreement contained customary representations, warranties, and covenants for the sale and purchase of the Convertible Debenture.</FONT></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>, the Parties desire to amend the Convertible Debenture pursuant to the terms and conditions of this Amendment;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW, THEREFORE</B>, in consideration of the mutual promises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of the Parties agree with the others as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1. <B><U>Amendments</U></B>. The Convertible Debenture shall be amended as shown in <U>Exhibit A</U> hereto, including as follows:</FONT></P>

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 <TD STYLE="text-align: justify; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>(a)</U></B></FONT></TD>
 <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;1(a) of the Convertible Debenture is hereby amended and restated in its entirety as follows:</FONT></TD></TR>
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