Item 1.01. Entry into a Definitive Material Agreement.
As previously reported on the Current Report on Form 8-K that was filed with the
As previously reported on the Current Report on Form 8-K that was filed with the
As previously reported on the Annual Report on Form 10-K that was filed with the
On
1. exchange and surrender the Assigned Warrants;
2. exchange and surrender the Service Warrants;
3. exchange and surrender the DSSI Warrants; and
4. amend the 2022 Note by removing all conversion rights granted by the 2022
Note.
In accordance with the Agreement, the Company agreed to issue 25,000,000 shares of the Company's Class A Common Stock in full satisfaction, exchange and payment for the exchanges and amendments set forth in the Agreement.
The information set forth above is qualified in its entirety by reference to the SPSS Agreement, the Consulting Agreement, the DSSI SPA, the 2022 Note and the Agreement, attached hereto as Exhibit 10.1, 10.2, 10.3, 10.4, and 10.5, each of which are incorporated herein by reference.
Item 1.02 Termination of a Material Definitive Agreement.
The disclosures set forth in Item 1.01 above is incorporated by reference into this Item 1.02.
Item 3.02 Unregistered Sales of
The disclosures set forth in Item 1.01 above is incorporated by reference into this Item 3.02.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit Number Description 10.1 Stock Purchase and Share Subscription Agreement datedJuly 22, 2020 , by and betweenSharing Services Global Corporation andChan Heng Fai Ambrose (incorporated by reference to Exhibit 1.1 to the Company's Current Report on Form 8-K filed with theSecurities and Exchange Commission onJuly 24, 2020 ) 10.2 Business Consulting Agreement datedJanuary 24, 2022 , by and betweenSharing Services Global Corporation and DSS, Inc. (incorporated by reference to Exhibit 1.1 to the Company's Current Report on Form 8-K filed with theSecurities and Exchange Commission onJanuary 27, 2022 ) 10.3 Securities Purchase Agreement datedJune 2022 , by and betweenSharing Services Global Corporation andDecentralized Sharing Systems, Inc. (incorporated by reference to Exhibit 10.9 to the Company's Annual Report on Form 10-K filed with theSecurities and Exchange Commission onJune 21, 2022 ) 10.4 Secured Advancing Promissory Note issued by the Company in favor ofDecentralized Sharing Systems, Inc. , inJune 2022 (incorporated by reference to Exhibit 4.8 to the Company's Annual Report on Form 10-K filed with theSecurities and Exchange Commission onJune 21, 2022 ) 10.5 Securities Exchange and Amendment Agreement datedMarch 24, 2023 , by and betweenSharing Services Global Corporation , DSS, Inc., andDecentralized Sharing Systems, Inc. * 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) *Included herewith 3
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