Between: Emergent Technology Holdings LP (“EmTech”) and T Stamp Inc. (“Trust Stamp”) and 10Clouds S.p z.o.o. (“10Clouds”) Whereas:
Exhibit 6.7
Between:
Emergent Technology Holdings LP (“EmTech”)
and
T Stamp Inc. (“Trust Stamp”)
and
10Clouds S.p z.o.o. (“10Clouds”)
Whereas:
| 1) | Trust Stamp issued to EmTech a Simple Agreement for Future Equity on July 1, 2019 with an outstanding balance of $2,111,953 (“the EmTech SAFE”). |
| 2) | Trust Stamp issued to 10Clouds a Simple Agreement for Future Equity on December 29, 2017 with a face value of $750,000 (“the 10Clouds SAFE”). |
| 3) | 10Clouds has performed software development services for EmTech or its affiliates in respect of which there is an outstanding payable (“Past Development Services”). |
| 4) | EmTech wishes to engage Trust Stamp to perform future software development services (“the Future Services”). |
| 5) | Trust Stamp intends to sub-contract some or all of the Future Services to 10Clouds. |
It is now agreed as follows:
| 1. | EmTech will issue to Trust Stamp an irrevocable purchase order (“the Purchase Order”) dated February 4, 2020 for $300,000 payable on February 4, 2020 solely by a reduction in the outstanding balance of the EmTech SAFE (“the Payment”), to be credited against mutually agreed Statements of Work (“SOWs”) in 2020. The Payment is non-refundable and the credit is non-assignable. | |
| 2. | Trust Stamp will enter into SOW’s with 10Clouds for appropriate sub-contract work under the Purchase Order. |
| 3. | 10Clouds hereby releases EmTech and its affiliates from any liability for fees for Past Development Services up to and including January 31, 2020. | |
| 4. | The balance on the 10Clouds SAFE is hereby increased by $200,000 to $950,000 subject to an absolute right for Trust Stamp at its option to redeem that $200,000 for cash at any time before the conversion of the 10Clouds SAFE to equity as provided therein. In the absence of such redemption, the $200,000 shall be treated as having the same rights as the original $750,000. | |
| 5. | EmTech hereby reduces the balance due on the EmTech SAFE by $500,000 with immediate effect and asserts the outstanding balance to be $1,611,953. |
| Signed for Trust Stamp: | |
| Xxxxxx Xxxxxxxx |  |
| President | |
| February 4, 2020 |
| Signed for EmTech: |  |
| Name: Xxxxx xx Xxxx | |
| Office: Chairman | |
| February 4, 2020 |
| Signed for 10Clouds: | |
| Name: Michal Klujszo |  |
| Office: Managing Partner | |
| February 4, 2020 |
 |
 |
| TITLE | Tripartite Agreement TStamp-10Clouds-EmTech |
| FILE NAME | Tripartite Agreem...tion Version).pdf |
| DOCUMENT ID | 753287bd17d7152ab0f982044b64a42b46535280 |
| AUDIT TRAIL DATE FORMAT | MM / DD / YYYY |
| STATUS | 
Completed |
Document History
 |
02 / 04 / 2020 | Sent for signature to Xxxxx xx Xxxx |
| 22:23:40 UTC | (xxxxx.xxxxxx@xxxxxxxxxxxx.xxx), Michal Klujszo | |
| (xxxxxx.xxxxxxx@00xxxxxx.xxx) and Xxxxxx Xxxxxxxx | ||
| (xxxxxxxxx@xxxxxxxxxx.xx) from | ||
| xxxxxx.xxxxxx@xxxxxxxxxxxx.xxx | ||
| IP: 50.244.119.125 | ||
 |
02 / 04 / 2020 | Viewed by Xxxxxx Xxxxxxxx (xxxxxxxxx@xxxxxxxxxx.xx) |
| 22:25:16 UTC | IP: 128.61.111.167 | |
| |
02 / 04 / 2020 | Viewed by Xxxxx xx Xxxx (xxxxx.xxxxxx@xxxxxxxxxxxx.xxx) |
| 23:01:23 UTC | IP: 50.244.119.125 | |
| |
02 / 04 / 2020 | Viewed by Michal Klujszo (xxxxxx.xxxxxxx@00xxxxxx.xxx) |
| 23:11:27 UTC | IP: 89.64.83.30 | |
 |
02 / 04 / 2020 | Signed by Xxxxxx Xxxxxxxx (xxxxxxxxx@xxxxxxxxxx.xx) |
| 22:27:52 UTC | IP: 128.61.111.167 |
| |
|
| TITLE | Tripartite Agreement TStamp-10Clouds-EmTech |
| FILE NAME | Tripartite Agreem...tion Version).pdf |
| DOCUMENT ID | 753287bd17d7152ab0f982044b64a42b46535280 |
| AUDIT TRAIL DATE FORMAT | MM / DD / YYYY |
| STATUS |
Completed |
Document History
| |
02 / 04 / 2020 | Signed by Xxxxx xx Xxxx (xxxxx.xxxxxx@xxxxxxxxxxxx.xxx) |
| 23:01:42 UTC | IP: 50.244.119.125 | |
| |
02 / 05 / 2020 | Signed by Michal Klujszo (xxxxxx.xxxxxxx@00xxxxxx.xxx) |
| 15:51:12 UTC | IP: 78.11.110.178 | |
 |
02 / 05 / 2020 | The document has been completed. |
| 15:51:12 UTC |
