Amendment No. 1 to Securities Purchase Agreement between Stronghold Digital Mining Inc. and Armistice Capital Master Fund Ltd.

Contract Categories: Business Finance › Purchase Agreements
Summary

This amendment, dated April 20, 2023, modifies the Securities Purchase Agreement originally signed on September 19, 2022, between Stronghold Digital Mining Inc. and Armistice Capital Master Fund Ltd. The amendment deletes Section 4.2(b) and replaces Section 4.11(b) with a new version from a related 2023 agreement. All other terms of the original agreement remain unchanged. The amendment is effective upon the closing of the new 2023 Securities Purchase Agreement and can be executed in counterparts, including by email or fax.

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EX-10.15 4 exhibit1015.htm EX-10.15 Document
Exhibit 10.15
AMENDMENT TO SECURITIES PURCHASE AGREEMENT

This Amendment No. 1 (this “Amendment”) dated the 20th day of April, 2023, amends the Securities Purchase Agreement, dated September 19, 2022 (the “SPA”) by and among Stronghold Digital Mining Inc. (the “Company”) and Armistice Capital Master Fund Ltd. (the “Purchaser”) as set forth below:

The parties do hereby agree as follows:

1.Effective upon the closing of the Securities Purchase Agreement, dated April 20, 2023 (the “2023 SPA”), between the Company and the Holder, the parties agree that (i) Section 4.2(b) is deleted from the SPA and (ii) Section 4.11(b) in the SPA shall be replaced by Section 4.11(b) in the 2023 SPA in its entirety.
2.Except as amended herein, the remaining terms and conditions of the SPA shall remain in full force and effect.
3.This Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and shall be binding upon all parties, their successors and assigns, and all of which taken together shall constitute one and the same Amendment. A signature delivered by facsimile or email shall constitute an original.

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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.

STRONGHOLD DIGITAL MINING, INC.

By:__/s/ Matthew J. Smith_____________
Name: Matthew J. Smith
Title: Chief Financial Officer



ARMISTICE CAPITAL MASTER FUND LTD.


By:__/s/ Steven Boyd ______
Name: Steven Boyd
Title: CIO of Armistice Capital, LLC, the Investment Manager