Amendment No. 1 to Business Combination Marketing Agreement between Black Ridge Acquisition Corp. and EarlyBirdCapital, Inc.
This amendment updates the original Business Combination Marketing Agreement between Black Ridge Acquisition Corp. and EarlyBirdCapital, Inc. The main change is an increase in the cash fee to $4,080,000 for services provided by EarlyBirdCapital. All other terms of the original agreement remain unchanged. Both parties have agreed to this amendment by signing the document.
Exhibit 1.3
EarlyBirdCapital, Inc.
366 Madison Avenue
New York, New York 10017
November 29, 2018
Black Ridge Acquisition Corp.
110 North 5th Street
Suite 410
Minneapolis, MN 55403
Attn: Ken DeCubellis, Chief Executive Officer
| Re: | Amendment No. 1 to Letter Agreement, Dated October 4, 2017 |
Gentlemen:
Black Ridge Acquisition Corp. (the “Company”) and EarlyBirdCapital, Inc. (“EBC”) hereby agree to amend, as set forth below, the letter agreement (“Business Combination Marketing Agreement”), dated October 4, 2017. Capitalized terms used herein that are not otherwise defined will have the same meaning as they were given in the Business Combination Marketing Agreement.
The first sentence of Section 1(b) of the Business Combination Marketing Agreement shall be replaced with the following:
“As compensation for the foregoing services, the Company will pay the Advisor a cash fee of $4,080,000 (“Fee”).”
With the exception of the aforementioned change, the Business Combination Marketing Agreement remains in full force and effect.
If the foregoing correctly sets forth our agreement, please so confirm by signing and returning one copy of this letter to EarlyBirdCapital, Inc.
| Very truly yours, | |
| EARLYBIRDCAPITAL, INC. | |
| By: /s/ Michael Powell | |
| Name: Michael Powell | |
| Title: Managing Director |
Accepted and confirmed:
BLACK RIDGE ACQUISITION CORP.
By: /s/ Ken DeCubellis
Name: Ken DeCubellis
Title: CEO
