EX-10.4 5 e6375_ex10-4.htm EXHIBIT 10.4

 

 

EXHIBIT 10.4

 

AMENDMENT TO AFFILIATE DEFERMENT AGREEMENT

 

This Amendment (the “Amendment”) to the Affiliate Deferment Agreement dated December 26, 2024 (the “Agreement”) is entered into as of February 4, 2025, by and between Bannix Acquisition Corp. (“Bannix”) and InstantFame, LLC (“InstantFame”) (collectively, the “Parties”), with acknowledgment and consent from Stanley Hills, LLC and LaRocca Construction LLC.

 

RECITALS

 

WHEREAS, the Parties previously entered into the Agreement whereby certain balances owed by Bannix to InstantFame and its affiliates were deferred under the terms set forth therein;

 

WHEREAS, as of December 31, 2024, the deferred balances have changed, and the Parties wish to amend the Agreement to reflect the updated amounts and extend the deferment period;

 

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the Parties agree as follows:

 

AMENDMENT

 

1. Modification of Deferred Balances

 

The Parties acknowledge that the deferred balances as of September 30, 2024, were as follows:

 

    Promissory Notes: $840,000

 

  Administrative Support Fees: $183,333

 

  Advances from Affiliates: $323,310

 

  Total Deferred Amount: $1,346,643

 

As of December 31, 2024, the balances have changed to:

 

  Administrative Support Fees: $198,333

 

  Promissory Notes: Unchanged at $840,000

 

  Advances from Affiliates: $386,420

 

  Total Deferred Amount: $1,424,753

 

The Agreement is hereby amended to reflect that the total outstanding amount of $1,424,753 shall be deferred under the same conditions.

 

2. Extension of Deferment Period

 

Section 2.4.1 of the Agreement is hereby amended to extend the payment deadline. All deferred amounts shall now be payable no later than December 31, 2025.

 

3. Confirmation of Other Terms

 

Except as expressly modified by this Amendment, all terms, conditions, and obligations set forth in the original Agreement shall remain in full force and effect.

 

 

 

SIGNATURES

 

IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first written above.

 

Bannix Acquisition Corp.

 

By: /s/ Doug Davis

 

Name: Doug Davis

 

Title: CEO

 

Date: 2/4/25

 

InstantFame, LLC

 

By: /s/ Roey Benjamin Schnapp

 

Name: Roey Benjamin Schnapp

 

Title: Manager

 

Date: 2/4/25

 

Stanley Hills, LLC (Acknowledging and Consenting)

 

By: /s/ Yossi Attia

 

Name: Yossi Attia

 

Title: Manager

 

Date: 2/4/25

 

LaRocca Construction LLC (Acknowledging and Consenting)

 

By: /s/ Andre’ LaRocca

 

Name: Andre’ LaRocca

 

Title: Owner/Manager

 

Date: 2/4/25