Amendment to Common Stock Purchase Warrant between iCoreConnect, Inc. and Warrant Holder
This amendment is an agreement between iCoreConnect, Inc. and a warrant holder to change the terms of a previously issued common stock purchase warrant. The main change is that the warrant can only be exercised after the company's shareholders approve the exercise according to a specific stock exchange rule. All other terms of the original warrant remain unchanged. The agreement is governed by Florida law.
EXHIBIT 10.5
AMENDMENT TO
COMMON STOCK PURCHASE WARRANT
This Amendment to Stock Purchase Warrant (the “Amendment”) of iCoreConnect, Inc., a Delaware corporation (“Company”) is entered into as of the date set forth on the signature page hereto, by and between the undersigned holder (the “Holder”) of the original Warrant as set forth on the signature page hereto (the “Warrant”). Capitalized terms used herein, but not otherwise defined shall have the meanings ascribed to them in the Warrant.
For good and valuable consideration, the receipt of which is hereby acknowledged, the Company and Holder desire to amend the Warrant in the manner set forth below:
1. Amendments.
(a) The term “Initial Exercise Date” is hereby amended to mean on or after the date the Company’s shareholders approve the exercise of the Warrant pursuant to Listing Rule 5635(d).
2. Terms of Warrant. Except as explicitly amended or modified hereunder, the terms of the Warrant shall remain in full force and effect.
3. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of Florida, without regard to its conflicts of law principles.
[Signature Page Follows]
IN WITNESS WHEREOF, the parties have executed this Amendment by their duly authorized representatives as of the date first written above.
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Signature Page to the
Amendment to Common Stock Purchase Warrant
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