Second Amendment to Simple Agreement for Future Equity
Exhibit 10.19
Second Amendment to Simple Agreement for Future Equity
This Second Amendment to Simple Agreement for Future Equity (this “Amendment”) is entered into as of February 14, 2022 (the “Amendment Effective Date”), by and between Holisto Ltd., a company organized under the laws of the State of Israel (the “Company”), and [ ] (the “Investor”). The Company and the Investor may also be referred to, collectively, as the “Parties” and separately as a “Party”.
WHEREAS | the Investor entered (on or around December 2021) into a Simple Agreement for Future Equity with the Company (as amended), which agreement is outstanding as of the date hereof (the “Safe”); and |
WHEREAS | the Parties wish to amend certain terms of the Safe, as provided in this Amendment, effective as of the Amendment Effective Date, |
NOW THERFORE, the Parties agree as follows:
1. | Capitalized terms used herein, unless otherwise defined, shall have the meanings ascribed to them in the Safe. |
2. | Amendments: |
2.1 | The definition of “Discount Rate” shall be amended as follows: |
“The “Discount Rate” shall be 75%”.
2.2 | The definition of “SPAC Conversion Price” shall be amended as follows: |
““SPAC Conversion Price” means US$7.50.”
3. | Miscellaneous: |
3.1 | This Amendment constitutes an integral part of the Safe. This Amendment together with the Safe (as amended hereby) constitute the full and entire understanding and agreement between the Company and the Investor, with regard to the subjects hereof and thereof. |
3.2 | In the event of any inconsistency or discrepancy between this Amendment and the Safe, the provisions of this Amendment shall prevail, govern and supersede in all respects. |
3.3 | All other terms of the Safe shall remain unchanged. |
[Signature page follows]
IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed on the Amendment Effective Date:
THE COMPANY:
By: | ||
Name: | ||
Title: |
IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed on the Amendment Effective Date:
THE INVESTOR:
[INVESTOR]
By: | ||
Name: | ||
Title: |
3