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Re: VapeDog post# 89051

Monday, 11/20/2017 1:05:46 PM

Monday, November 20, 2017 1:05:46 PM

Post# of 108590
We still own Boxlight via Vert or whatever? Right?
Looks like there was a recent merger, but you may want to look it over, may just be new to me and everyone else knows. Perhaps the digital classroom business could be helping Pixel??
LJ

About Boxlight Corp.
The merging of Mimio and Boxlight Corp. has resulted in an expansive selection of premier digital classroom technology solutions designed for every K-12 classroom. The company is integrating Boxlight’s manufacturing of patented, award-winning interactive classroom technology and Mimio’s advanced line of classroom hardware and software solutions to create the most complete line of progressive, integrated classroom technologies available on the market today.


http://www.prweb.com/releases/2017/11/prweb14877486.htm

https://mimio.boxlight.com/about/

Boxlight Corp – Amendment No 2 (2016-12-15)contract
THIS AMENDMENT No. 2 (the "Amendment"), is entered into with effect from the 30th day of June 2016 (the "Effective Date") by and among SKYVIEW CAPITAL, LLC, a Delaware limited liability company, with its headquarters at Suite 810-N, 2000 Avenue of the Stars, Los Angeles, CA 90067 ("Skyview"); MIMIO, LLC, a Delaware limited liability company ("Mimio" or the "Company"); MIM HOLDINGS, LLC, a Delaware limited liability company ("Holdings"), with its principal place of business at 10951 West Pico, Los Angeles, CA 90064; and BOXLIGHT CORPORATION, a Nevada corporation ("BOXL"). This Amendment is intended to amend the Membership Interest Purchase Agreement dated as of September 28, 2015 (the "Agreement"), as amended on November 3, 2015 ("Amendment 1"), among Skyview, the Company and Holdings. The Company, Holdings, and BOXL are sometimes herein collectively referred to as the "Credit Parties" and Skyview and the Credit Parties are sometimes herein collectively referred to as the "Parties".
The Purchase Note, inter alia: (i)shall bear interest at the rate of 6% per annum which shall accrue from the Closing Date and shall be payable quarterly in arrears; (ii)an aggregate of $2,200,000 principal amount of the Purchase Note (the “First Installment Payment”) shall be due and payable on or before the earlier of (A) August 3, 2016, or (B) out of the net proceeds of the Senior Debt Facility provided by a Senior Lender; and (iii)the remaining balance of the Purchase Note shall be due and payable on the earlier to occur of November 3, 2016, or the occurrence and continuation of an “Event of Default,” as described therein (the “Maturity Date”); (iv)the Company shall procure that the Purchase Note is unconditionally guaranteed by VERT CAPITAL CORP., a Delaware corporation (“Vert”), VC2 PARTNERS, LLC, a Delaware limited liability company and BOXL (“VC2 and, together with Vert and BOXL, individually and collectively, the “Guarantors”) pursuant to the Amended and Restated Guaranty Agreement in the form of Exhibit B annexed hereto and made a part hereof; and (v)shall continue to be secured by a lien on the assets of Mimio pursuant to the Security Agreement in the form of Exhibit C annexed to Amendment 1.,All obligations of the Borrower under this Note shall be secured by: (i) a security interest in the assets of Mimio, LLC and Borrower pursuant to the Security Agreement, and by the unconditional guaranty of BOXL, Vert Capital Corp. and VC2 Partners LLC (each the “Guarantor”) pursuant to the Guaranty Agreement. 5.,Levin Title: Member and Manager 6 Exhibit B GUARANTY AGREEMENT THIS GUARANTY AGREEMENT (this “Guaranty”), dated as of June 30, 2016, by VERT CAPITAL CORP., a Delaware corporation (“Vert”), VC2 PARTNERS, LLC, a Delaware limited liability company (“VC2”), and BOXLIGHT CORPORATION, a Nevada corporation (” BOXL” and together with Vert and VC2, individually and collectively, the “Guarantor”) in favor of SKYVIEW CAPITAL, LLC, a Delaware limited liability company (the “Skyview”), or its registered assigns.,Trusts for the benefit of members of the families of affiliates of Vert and VC2 are affiliates of BOXL and the Borrower, and will derive benefits from the financial accommodations evidenced by the Purchase Agreement and the Purchase Note.,VERT CAPITAL CORP.

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