Side Letter, dated as of October 10, 2017, by and among JM Global Holding Company, the Reporting Persons and Cantor Fitzgerald & Co
Exhibit 10.5
October 10, 2017
JM Global Holding Company
1615 South Congress Avenue
Suite 103
Delray Beach, Florida 33445
Cantor Fitzgerald & Co.
499 Park Avenue
New York, New York 10022
| Re: | Letter Agreement dated July 23, 2015 |
Gentlemen:
Reference is made to that certain letter agreement (the “Agreement”), dated July 23, 2015, entered into by and between JM Global Holding Company, a Delaware corporation (the “Company”), and Cantor Fitzgerald & Co. (the “Underwriter”) relating to the Company’s underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), pursuant to which the undersigned purchased 3,000,000 Units in the IPO. Certain capitalized terms used herein and not otherwise defined have the meanings ascribed to them in the Agreement.
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company and the Underwriter as follows:
| 1. | The definition of “Restricted Shares” in Paragraph 1 of the Agreement is hereby amended to replace the reference to “1,000,000” shares of Common Stock with “650,000.” |
Except as specifically amended hereby, the Agreement shall remain in full force and effect and all other terms of the Agreement remain unchanged and are applicable to this letter agreement, mutatis mutandis. To the extent any provision of the Agreement is inconsistent with this letter agreement, this letter agreement shall control.
[Signature page follows]
| Qi Zhang | |
| Print Name | |
| /s/ Qi Zhang | |
| Signature |
Accepted and Agreed:
| JM Global Holding Company | ||
| By: | /s/ Tim Richerson | |
| Name: Tim Richerson | ||
| Title: CEO | ||
| Cantor Fitzgerald & Co. | ||
| By: | /s/ Shawn Matthews | |
| Name: Shawn Matthews | ||
| Title: CEO | ||
