SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • January 25th, 2024 • Minim, Inc. • Telephone & telegraph apparatus • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of January 23, 2024, between MINIM, INC., a Delaware corporation (the “Company”), and Mr. David Lazar, the purchaser identified on the signature pages hereto (including his successors and assigns, the “Purchaser” or “Lazar”)).
Re: Letter Agreement re Product PurchaseLetter Agreement • January 25th, 2024 • Minim, Inc. • Telephone & telegraph apparatus • Illinois
This letter agreement (“Letter Agreement”) memorializes the agreement between Minim, Inc. (“Minim”) and Motorola Mobility, LLC (“Motorola”) (collectively, the “Parties”) pertaining to Motorola’s purchase of certain Products as defined in (i) the License Agreement for modems and routers, effective January 1, 2016, as amended (the “Modem Agreement”), and (ii) the License Agreement for home security devices and services effective March 27, 2020, as amended (the “Home Security Agreement”) between Motorola and Minim. The Modem Agreement and Home Security Agreement are referred to collectively herein as the “License Agreements.” Any capitalized term below that is not otherwise defined shall have the meaning ascribed in the License Agreements. The Parties have further agreed that, in view of Minim’s stated inability and failure to properly service the Products, that Minim will transfer ownership of and access to certain customer support platforms and the Moto Sync and Moto Manage application
