FIRST AMENDMENT TO SETTLEMENT AGREEMENTSettlement Agreement • November 16th, 2018 • Bantek Inc. • Aircraft
This FIRST AMENDMENT TO SETTLEMENT AGREEMENT (the “Agreement”) is dated effective as of the ___ day of _________, 2018 (the “Settlement Effective Date”), by and between BANTEK, INC. (f/k/a Drone USA, Inc.), a Delaware corporation (the “Borrower”), DRONE USA, LLC, a Delaware limited liability company, HOWCO DISTRIBUTING CO., a Washington corporation (collectively, the “Corporate Guarantors”), MICHAEL BANNON, an individual (the “Validity Guarantor”) (the Borrower, the Corporate Guarantors and the Validity Guarantor are sometimes collectively referred to as the “Credit Parties”), and TCA GLOBAL CREDIT MASTER FUND, LP, a Cayman Islands limited partnership (the “Lender”).
