AMENDMENT TO SETTLEMENT AGREEMENTSettlement Agreement • August 22nd, 2018 • Surge Components Inc • Wholesale-electronic parts & equipment, nec
This AMENDMENT TO SETTLEMENT AGREEMENT (this “Amendment”), is made and entered into as of August 16, 2018 by and among Surge Components, Inc., a Nevada corporation (the “Company”), and Ira Levy, Peter Levy, Steven J. Lubman, Alan Plafker, Lawrence Chariton, Gary Jacobs and Martin Novick (the “Insiders”), on the one hand, and Messrs. Michael D. Tofias and Bradley P. Rexroad (collectively, the “Stockholders”), on the other hand. The Company, the Insiders, and the Stockholders are each referred to herein as a “Party” and collectively, as the “Parties.” Capitalized terms used but not otherwise defined herein shall have the meanings given to such terms in the Agreement (defined below).
