Amendment to Securities Purchase Agreement between Jaguar Health, Inc. and Chicago Venture Partners, L.P. (August 30, 2017)
Jaguar Health, Inc. and Chicago Venture Partners, L.P. have agreed to amend their Securities Purchase Agreement dated June 29, 2017. This amendment extends the deadline for Jaguar Health to file a registration statement with the SEC to October 20, 2017. All other terms of the original agreement remain unchanged. The amendment is effective immediately and requires written consent from all parties for any further changes.
Exhibit 10.37
Jaguar Health, Inc.
201 Mission Street, Suite 2375
San Francisco, CA 94105
August 30, 2017
VIA ELECTRONIC MAIL
Chicago Venture Partners, L.P.
Attn: John Fife
303 East Wacker Drive, Suite 1040
Chicago, Illinois 60601
Hansen Black Anderson Ashcraft PLLC
Attn: Jonathan Hansen
3051 West Maple Loop Drive, Suite 325
Lehi, Utah 84043
Dear All:
Reference is hereby made to that certain Securities Purchase Agreement, dated June 29, 2017 (the SPA), by and between Jaguar Health, Inc. (f/k/a Jaguar Animal Health, Inc.) (the Company) and Chicago Venture Partners, L.P. (CVP). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the SPA.
The parties have agreed to extend the date before which the Company must file a Registration Statement on Form S-1 with the SEC until October 20, 2017 (the Filing Date), and this letter agreement (the Letter Agreement) shall serve as an amendment to the SPA and as written evidence of the mutual agreement between the parties to extend the Filing Date.
1. SPA Amendment. Accordingly, the Company and CVP hereby agree that Section 4(vii) of the SPA is hereby deleted in its entirety and replaced as follows:
(vii) Company shall use commercially reasonably efforts to file, at its sole cost and expense, a Registration Statement on Form S-1 with the SEC to register at least 4,000,000 shares of Common Stock for the benefit of Investor (the Registration Statement) on or before October 20, 2017;
2. Miscellaneous.
a. Effectiveness. From and after the date hereof, all references to the SPA shall mean the SPA as amended by this Letter Agreement.
b. Other Provisions Unaffected. Except as modified by this Letter Agreement, the SPA is unchanged and shall continue in full force and effect in accordance with the provisions thereof.
c. Amendments. The provisions of this Letter Agreement may not be amended, modified or supplemented, and waivers or consents to departure from the provisions hereof may not be given, except by the written consent of all parties hereto.
[Signature page follows]
| Very truly yours, | |||
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| JAGUAR HEALTH, INC. | |||
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| By: | /s/ Lisa A. Conte | ||
| Name: | Lisa A. Conte | ||
| Title: | President & CEO | ||
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CHICAGO VENTURE PARTNERS, L.P. |
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By: | Chicago Venture Management, L.L.C., |
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| its General Partner |
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| By: CVM, Inc., its Manager |
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By: | /s/ John M. Fife |
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Name: | John M. Fife |
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Title: | President |
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