Restated Termination of Securities Purchase Agreement between Blackbridge Capital Growth Fund, LLC and ABCO Energy, Inc.
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Summary
ABCO Energy, Inc. and Blackbridge Capital Growth Fund, LLC have agreed to terminate their Securities Purchase Agreement (SPA) effective March 1, 2017, due to technical issues raised by the SEC that led to the withdrawal of a related registration statement. The $100,000 Convertible Promissory Note issued to cover S-1 expenses remains valid, while the $150,000 Convertible Promissory Note for the commitment fee is terminated as of the same date.
EX-10.1 2 ex10-1.htm EX-10.1
Exhibit 10.1
October 4 , 2017
Blackbridge Capital Growth Fund, LLC
450 7th Avenue, Suite 609
New York, NY 10123
Re: Restated Termination of Securities Purchase Agreement between Blackbridge Growth Fund, Inc., and ABCO Energy, Inc. [“SPA”] effective as of March 1, 2017 [“Termination Date”]
Gentlemen:
This will confirm our recent discussion wherein we mutually agreed that:
1. the SPA shall be deemed null and void and will be deemed terminated as of the Termination Date because the continued processing of a Registration Statement on Form S-1 (“S-1”), contemplated by SPA would not be occur because of technical issues raised by the SEC. The S-1 was withdrawn at the request of the SEC, effective February 28, 2017;
2. The Convertible Promissory Note issued under the SPA in the amount of $100,000 issued to Blackbridge to cover the expenses of the S-1 and related matters remains in full force and effect as of the date hereof.
3. The $150,000 Convertible Promissory Note issued under the SPA as the Commitment Fee shall be deemed terminated effective as of the Termination Date of the SPA.
Very truly yours,
ABCO ENERGY, INC.
By:
/s/ Charles O’Dowd
Charles O’Dowd, CEO
BLACKBRIDGE CAPITAL GROWTH FUND, LLC
By:
/s/ Alexander Dillon
Alexander Dillon, Managing Director
