Termination Agreement to Underwriting Agreement between BitNile Holdings, Inc. and Alexander Capital, L.P.
BitNile Holdings, Inc. and Alexander Capital, L.P. have mutually agreed to terminate their previous underwriting agreement, effective upon signing this letter. After termination, neither party will have any further obligations under the original agreement. This termination is confirmed by signatures from both parties' representatives.
Exhibit 1.2
June 1, 2022
Milton C. Ault, III
Executive Chairman
BitNile Holdings, Inc.
11411 Southern Highlands Pkwy, Suite 240
Las Vegas, NV 89141
Dear Todd,
We refer to the underwriting agreement (“Underwriting Agreement”), dated May 26, 2022, between BitNile Holdings, Inc. (the “Company”) and Alexander Capital, L.P. (the “Representative”) Each of the Company and the Representative agree that (i) the Underwriting Agreement shall be terminated effective upon execution of this letter agreement and (ii) upon such termination, neither the Company nor the Representative shall have any obligations relating to the Underwriting Agreement.
If the foregoing correctly sets forth our understanding, please confirm by signing and returning one copy of this letter.
| Alexander Capital, L.P. | ||
| By: | /s/ Jonathan Gazdak | |
| Jonathan Gazdak | ||
| Managing Director | ||
Accepted and Confirmed on this 1st day of June, 2022.
BitNile Holdings, Inc.
| By: | /s/ William B. Horne | |
| Name: William B. Horne | ||
| Title: Chief Executive Officer |
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