Amendment to Equity Purchase Agreement between XSport Global, Inc. and Triton Funds LP

Contract Categories: Business Finance › Modification Agreements
Summary

XSport Global, Inc. and Triton Funds LP have agreed to amend their original Equity Purchase Agreement dated August 28, 2018. This amendment changes the definition of the "Commitment Period" to specify that it will end when the investor has purchased shares up to the commitment amount, by March 31, 2019, or upon written notice of termination by the company if the investor materially breaches the agreement. The amendment is effective as of December 2018 and is signed by authorized representatives of both parties.

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EX-10.1 2 ex10_1.htm EXHIBIT 10.1
Exhibit 10.1

AMENDMENT TO
EQUITY PURCHASE AGREEMENT

This Amendment to Equity Purchase Agreement is entered into as of December [●], 2018 (this “Amendment”), by and between XSport Global, Inc., a Wyoming corporation (the “Company”), and Triton Funds LP, a Delaware limited partnership (the “Investor,” and collectively with the Company, the “Parties”).

WHEREAS, the Parties entered into that certain Equity Purchase Agreement, dated as of August 28, 2018, by and between the Parties (the “Agreement”) and the Parties desire to amend the terms and conditions of the Agreement as set forth herein.

NOW, THEREFORE, for good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the Parties agree to amend the Agreement as follows:


 1.
The meaning of “Commitment Period” set forth in Section 1.1 of the Agreement is hereby replaced in its entirety by the following:

“Commitment Period” shall mean the period commencing on the Execution Date and ending on the earlier of (i) the date on which the Investor shall have purchased Purchase Notice Shares pursuant to this Agreement equal to the Commitment Amount, (ii) March 31, 2019, or (iii) written notice of termination by the Company to the Investor upon a material breach of this Agreement by Investor.

IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed by their respective officers thereunto duly authorized as of the day and year first above written.

 
XSPORT GLOBAL, INC.
  
       
 
By:
 
 
 
Name: 
Robert Finigan
  
 
Title:
Chief Executive Officer
  

TRITON FUNDS LP
  
     
By:
 
 
Name: 
   
Title: