EX-10 5 ex1025-122220imt.htm EXHIBIT 10 Exhibit | Integrated Media Technology Limited

 

Exhibit 10.25

 

 

Letter of Amendment

December 18, 2020

 

Integrated Media Technology Limited

Level 7, 420 King William Street, Adelaide SA 5000

 

Dear Sir:

 

We refer to the Convertible Note Purchase Agreement dated August 6, 2020 (the “Purchase Agreement”).

 

We hereby agree to amend the conversion price from US$3.00 to US$3.25 per share as set out in i) WHEREAS clause, and ii) Clause 1 titled “Conversion” in Exhibit A – the Convertible Promissory Note, of the Purchase Agreement. Furthermore, for a period of 2 months after the issuance of the Convertible Note, the Purchaser agreed not to seek repayment and or conversion into Shares in the Company.

 

Save as the waiver for the piggyback registration right letter agreement dated November 27, 2020, all other clauses in the Convertible Promissory Note remains unchanged.

 

Yours faithfully,

 

For and on behalf of

 

NextGlass Technologies Corp

 

/s/ John Park

 

John Park

Chief Executive Officer

 

 


 

 

To:NextGlass Technologies Corp
9454 Wilshire Blvd.,

Beverly Hills, California 90212, USA

 

We agree with the amendment to the conversion price from US$3.00 to $3.25 and other matters as set out above.

 

Also, please deposit the payment to the following bank account:

 

Account Name :

Bank : 

Bank Address :

Account Number :

 

Yours sincerely,
 
Integrated Media Technology Limited
 

 

 

By: /s/ Con Unerkov  
Name: Con Unerkov  
Title: Executive Chairman and Chief Executive Officer  
Data: December 21, 2020