AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT
Exhibit 10.1
AMENDMENT TO THE
THIS AMENDMENT, dated March 19, 2025, (this “Amendment”), to the Securities Purchase Agreement dated December 10, 2024 (the “SPA”) between N2OFF, Inc., a Nevada corporation, with offices located at 134 HaPardes (▇▇▇▇▇▇ ▇▇▇▇▇▇) ▇▇▇▇ ▇▇▇▇▇, Israel 4994500 (the “Company”), and the investors listed on the Schedule of Buyers attached hereto (individually, a “Buyer” and collectively, the “Buyers”).
Capitalized terms used but not defined herein shall have the meaning ascribed to them in the SPA (as defined below).
WHEREAS, the Company and the Buyers previously entered into the SPA;
WHEREAS, the SPA provides for the issuance of Pre-Funded Warrants and Warrants to each of the Buyers and, therefore, the amendments contemplated hereunder shall have the effect of amending each of the Pre-Funded Warrants and Warrants as described herein;
WHEREAS, Section 9(e) of the SPA provides that any term of the SPA may be amended, terminated or waived only with the written consent of the Company and Required Holders (as defined therein); and
WHEREAS, the Company and the Buyers that are signatories hereto represent the Required Holders in accordance with the terms of the SPA, and hereby wish to amend certain provisions of the SPA.
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties hereto hereby agree as follows:
| 1. | Amendment to SPA, Pre-Funded Warrant and Warrant. |
| 1.1. | This
Amendment hereby amends and replaces Section 1(a) of the SPA as follows: “Notwithstanding
anything herein to the contrary, in no event will any Buyer’s voting rights in the
Company or ownership of the Company’s issued capital stock exceed | |
| 1.2. | In
accordance with the foregoing, this Amendment hereby replaces and amends the following text
from Section 1(f) of each of the Pre-Funded Warrants and Warrants (each as defined in the
SPA) issued pursuant to the SPA “Notwithstanding anything to the contrary contained
herein, the Company shall not effect the exercise of any portion of this Warrant, and the
Holder shall not have the right to exercise any portion of this Warrant, pursuant to the
terms and conditions of this Warrant and any such exercise shall be null and void and treated
as if never made, to the extent that after giving effect to such exercise, the Holder together
with the other Attribution Parties collectively would beneficially own in excess of | |
| 1.3. | Except to the extent amended hereby, which amendment shall have effect on the entire SPA, the SPA shall remain in full force and effect in accordance with its terms. The SPA and this Amendment shall be read and construed together as a single agreement. |
| 2. | Miscellaneous |
| 2.1. | General. Section 9 of the SPA shall apply to this Amendment, with any reference to the SPA being made to this Amendment. | |
| 2.2. | Counterparts. This Amendment may be executed in one or more counterparts, all of which together shall constitute one and the same instrument, binding and enforceable against the parties so executing the same; it being understood that all parties need not sign the same counterpart. Counterparts may also be delivered by facsimile or email transmission (in pdf format or the like, or signed with docusign, e-sign or any similar form of signature by electronic means) and any counterpart so delivered shall be sufficient to bind the parties to this Amendment, as an original. |
[Signature Page Follows]
IN WITNESS WHEREOF, the undersigned have executed this AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT as of the date written above.
| THE COMPANY: | ||
| N2OFF, INC. | ||
| /s/ ▇▇▇▇▇ ▇▇▇▇▇▇ | ||
| Name: | ▇▇▇▇▇ ▇▇▇▇▇▇ | |
| Title: | CEO | |
IN WITNESS WHEREOF, the undersigned have executed this AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT as of the date written above.
| THE REQUIRED HOLDERS: | ||
| L.I.A. Pure Capital Ltd. | ||
| By: | /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ | |
| Name: | ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ | |
| Title: | Owner | |
| Capitalink Ltd. | ||
| By: | /s/ ▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: | ▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Title: | Owner | |
| ▇▇▇▇ ▇▇▇▇▇ Economic Consultant Ltd. | ||
| By: | /s/ ▇▇▇▇ ▇▇▇▇▇ | |
| Name: | ▇▇▇▇ ▇▇▇▇▇ | |
| Title: | Owner | |
