Recruiter.com Group Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement
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SECURITIES AND EXCHANGE COMMISSION
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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Item 1.01 Entry into a Material Definitive Agreement.
On July 26, 2024, Job Mobz and the Company entered into an Amendment to the Asset Purchase Agreement (Exhibit 2.1) (“Job Mobz Amendment”). The Job Mobz Amendment amends the Asset Purchase Agreement signed August 16, 2023 by extending the Closing Date until 5 p.m. Pacific Time on September 2, 2024. The Company will receive a non-refundable payment of one hundred and twenty thousand ($120,000) from Job Mobz within two days, which shall be credited towards and count against the cash portion of the Purchase Price from the original Asset Purchase Agreement. Additionally, the Job Mobz Amendment adds compensation to the Company for interest on the total outstanding principal amount accruing at a rate of 12.75% and a penalty of $25,000 if the closing is not satisfied by the Closing Date. The Job Mobz Amendment also describes certain details regarding Stock Compensation. Except as amended by the Job Mobz Amendment, the existing agreement shall remain in full force and effect in all respects.
(d) Exhibits
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 29, 2024 |
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| Recruiter.com Group, Inc. |
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| /s/ Miles Jennings |
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| Miles Jennings |
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| Chief Financial Officer |
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