Second Amendment to Series A Warrant between New York Global Innovations Inc. and Smithfield Fiduciary LLC
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Summary
This amendment, dated August 2, 2016, modifies the Series A Warrant originally issued by New York Global Innovations Inc. to Smithfield Fiduciary LLC for 2,153,433 shares of common stock. The amendment lowers the exercise price from $0.15 to $0.055 per share and deletes Section 2(a) of the original warrant. All other terms of the warrant remain unchanged. The agreement is signed by representatives of both parties.
EX-4.3 4 exhibit_4-3.htm EXHIBIT 4.3 exhibit_4-3.htm
Exhibit 4.3
SECOND AMENDMENT TO SERIES A WARRANT
SECOND AMENDMENT dated August 2, 2016 to Series A Warrant ("Series A Warrant") dated April 8, 2008, as amended on January 19, 2010 (the “First Amendment”), issued by New York Global Innovations Inc. (formerly known as Inksure Technologies, Inc.) ("Issuer") to Smithfield Fiduciary LLC ("Holder") for 2,153,433 shares of Common Stock of Issuer.
FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby acknowledged, Issuer and Holder agree to modify the Series A Warrant as follows:
1. The Exercise Price, as defined in Section 1(b) of the Series A Warrant is hereby decreased from $0.15 to $0.055, subject to adjustment for events occurring hereinafter as provided in the Series A Warrant.
2. Section 2(a) is deleted in its entirety.
3. Except as expressly modified hereby and by the First Amendment, the Series A Warrant remains in full force and effect and unmodified.
| NEW YORK GLOBAL INNOVATIONS INC. By: /s/ Gadi Peleg Gadi Peleg Chairman of the Board SMITHFIELD FIDUCIARY LLC By: Highbridge Capital Management, LLC, its Trading Manager By:/s/ Jon Dorfman Jon Dorfman Managing Director |
