Exhibit 10.3
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
(Amendment No. 2)
CURRENT REPORT
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Background.
This Second Amendment to Form 8-K filed February 6, 2023 confirms the extension of the exclusivity period to acquire the assets of Brookwood Media Arts, Inc to June 30, 2023 from May 31, 2023. All other terms of the Agreement remain in place. The extension is included herein as Exhibit 10.3.
FOMO WORLDWIDE, INC. is referred to herein as “FOMO”, “we”, “us”, or the “Company”.
Item 8.01 Other Items.
FOMO WORLDWIDE, INC. has signed a letter of intent (“LOI”) to acquire the assets of a USA-based learning management system (“LMS”) and training content provider for $400,000, including $150,000 cash, $150,000 in Series B Preferred stock, and a $100,000 earn-out plus incentive stock options for employees. Closing is targeted by May 31, 2023. The proposed transaction is expected to have hard dollar (cost savings) and soft dollar (cross-selling) synergies with our existing businesses and planned acquisitions in the content, e-learning and training markets. There can be no assurances that we will be able to obtain required financing and/or consummate the transaction.
Item 9.01. Exhibits
(a) Exhibits. The following exhibit is filed with this Current Report on Form 8-K:
*Previously filed under Form 8-K and Form 8-K/A dated February 6, 2023 and May 1, 2023, respectively.
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.
| FOMO WORLDWIDE, INC. | ||
| Date: May 2, 2023 | By: | /s/ Vikram Grover |
| Vikram Grover | ||
| Chief Executive Officer | ||
Exhibit 10.3