KASPAC, LLC, KSSPAC, LLC, NOTESPAC, LLC, KIDSSPAC, LLC and CCAC II, LLC entered into an agreement to acquire 97.5% stake in Committed Capital Acquisition Corporation II from Committed Capital Holdings II LLC, Elliot-Herbst LP, Elliot-Herbst LP, Michael Rapoport, Philip Wagenheim and other shareholders on April 10, 2017. The agreement provides that upon the closing of the purchase, Rapp and Wagenheim will sell to Notespac, LLC for an aggregate sum of $1,000, the principal amount due under any loans and/or advances made to Committed Capital Acquisition, together with all accrued and unpaid interest thereunder and calculated as of April 10, 2017, subject to adjustment. Upon completion, purchasers shall have the right to replace the Committed Capital Acquisition’s Board of Directors with one or more of the purchasers’ designees, require the resignation of the Committed Capital Acquisition’s Chief Executive Officer and President, respectively, as well as any other corporate officer, and for the new Board to replace such individuals, and either purchase, or be empowered to cause the Committed Capital Acquisition to cause forfeiture of, all or substantially all of the seller shares not already purchased by the purchasers, as permitted by those certain insider letter agreements by and between the Committed Capital Acquisition and its initial shareholders.