EX-10.4
from 8-K
10 pages
This Security Agreement (This “Agreement”), Dated as of May 5, 2022, Is Executed by NextPlay Technologies, Inc., a Nevada Corporation (“Debtor”), in Favor of Streeterville Capital, LLC, a Utah Limited Liability Company (“Secured Party”). A. Debtor Has Issued to Secured Party a Certain Secured Promissory Note of Even Date Herewith, as May Be Amended From Time to Time, in the Original Face Amount of $2,765,000.00 (The “Note”). B. in Order to Induce Secured Party to Extend the Credit Evidenced by the Note, Debtor Has Agreed to Enter Into This Agreement and to Grant Secured Party a Security Interest in the Collateral (As Defined Below). Now, Therefore, in Consideration of the Above Recitals and for Other Good and Valuable Consideration, the Receipt and Adequacy of Which Are Hereby Acknowledged, Debtor Hereby Agrees With Secured Party as Follows: 1. Definitions and Interpretation. When Used in This Agreement, the Following Terms Have the Following Respective Meanings: “Collateral” Has the Meaning Given to That Term in Section 2 Hereof
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EX-4.1
from 8-K
34 pages
Issuer: Next 1 Interactive, Inc. (NXOI.BB) Offering: Offering of Units Comprised of Shares of Common Stock, Par Value $.0001 Per Share (“Common Stock”) and Warrant (“Warrants”) to Purchase Common Stock. Type of Security: Each Unit Is Comprised of One (1) Share of Common Stock and One (1) Warrant. Amount: Minimum $250,000 – Maximum $1,500,000 Minimum Investment: $25,000 Purchase Price: The Purchase Price of the Unit Shall Be Set at $1.00. Eligible Investors: Accredited Investors and Qualified Institutional Investors Only. Use of Proceeds: We Expect to Use the Proceeds From the Sale of the Units to Fund Internal Growth and Working Capital Needs. Warrants: The Warrants Shall Be Exercisable at $2.00 Per Share. the Warrants Shall Expire Three (3) Years From the Date of Issuance. Protection Against Dilution: The Warrant Number Is Subject to Adjustment From Time to Time Upon the Occurrence of the Following Events (1)adjustment for Change in Capital Stock; (2)if the Company Pays a Dividend or Makes a Distribution on Its Common Stock in Shares of Its Common Stock; (3)subdivides or Reclassifies Its Outstanding Shares of Common Stock Into a Greater Number of Shares; (4)combines or Reclassifies Its Outstanding Shares of Common Stock Into a Smaller Number of Shares; (5)makes a Distribution on Its Common Stock in Shares of Capital Stock Other Than Common Stock; or (6)issues by Reclassification of Its Common Stock Any Shares of Its Capital Stock. Then the Warrant Number in Effect Immediately Prior to Such Action Shall Be Proportionately Adjusted So That the Holder May Receive the Aggregate Number and Kind of Shares of Capital Stock of the Company or Other Capital Stock Which Such Holder Would Have Owned Immediately Following Such Action
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