EXTENSION AGREEMENT
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THIS EXTENSION AGREEMENT (the "Agreement") dated for reference effective the
23rd day of December, 2002 (the "Effective Date").
AMONG:
FARLINE VENTURE CORPORATION, a body corporate with offices
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at Suite 2100- 0000 Xxxx Xxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxxxx
(hereinafter the "Vendor")
OF THE FIRST PART
AND:
XXXXXXX XXX of 0000 Xxxxxx Xxxxxx
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Xxxxxxxxx, XX X0X 0X0
(hereinafter the "Vendor's Principal")
OF THE SECOND PART
AND:
XXXXXXX SEVEN, XXX XXXXXXXXX, XXXXX XXXXXX,
------- ------ --------------- --------------
XXXXXX XXXXX, XXXXX XXXXXX, and
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FLAX-FLEX FABRICATORS, LTD., of
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00000 Xxxxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
(hereinafter the "Purchasers")
OF THE THIRD PART
WHEREAS:
A. The Vendor, the Vendor's Principal and the Purchasers entered into an
agreement dated September 24, 2002 (the "Original Agreement").
B. The parties have agreed to extend the date for the closing of the
purchase and sale of shares of Thinka Weight-Loss Corporation (the "Company")
pursuant to the Original Agreement to March 25, 2003.
NOW THEREFORE THIS AGREEMENT WITNESSES THAT in consideration of the payment of
the sum of $10.00 by the Purchasers to the Vendor and the Vendor's Principal and
in consideration of the mutual covenants and conditions hereinafter contained,
the parties hereto have agreed and do hereby agree as follows:
1. The timing of payment of the purchase price is amended by replacing
Section 2 of the Original Agreement with the following:
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"2. The aggregate purchase price will be $150,000 US (the "Purchase
Price"), being approximately $0.0283 per share and will be payable as
follows:
a. $25,000 on or before March 10, 2003; and
b. The balance of $125,000 at the closing."
2. The date and place for the closing of the purchase and sale of the
5,300,000 shares of the Company pursuant to the Original Agreement is hereby
extended to March 25, 2003 by replacing Section 8 of the Original Agreement with
the following:
"8. Closing shall take place at the offices of Xxx Xxxxxxx & Xxxxx,
LLP in Irvine, California, on the 25th day of March, 2003 or at such
earlier date as the Purchasers may on three days' notice, specify."
3. The Original Agreement shall continue in full force and effect in
accordance with its terms without amendment, except as provided for in this
Agreement.
4. This agreement may be executed in counterparts which together shall form
one and the same instrument.
IN WITNESS WHEREOF this agreement has been executed by the parties as of the day
and year first above written.
FARLINE VENTURE CORPORATION
by its authorized signatory:
____________________________________________
Signature of Authorized Signatory
____________________________________________
Name and Title of Authorized Signatory
SIGNED, SEALED AND DELIVERED
BY XXXXXXX XXX in the presence of:
___________________________________ ___________________________________
Name of Witness XXXXXXX XXX
___________________________________
Address of Witness
___________________________________
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SIGNED, SEALED AND DELIVERED
BY XXXXXXX SEVEN in the presence of:
___________________________________ ___________________________________
Name of Witness XXXXXXX SEVEN
___________________________________
Address of Witness
___________________________________
SIGNED, SEALED AND DELIVERED
BY XXX XXXXXXXXX in the presence of:
___________________________________ ___________________________________
Name of Witness XXX XXXXXXXXX
___________________________________
Address of Witness
___________________________________
SIGNED, SEALED AND DELIVERED
BY XXXXX XXXXXX in the presence of:
___________________________________ ___________________________________
Name of Witness XXXXX XXXXXX
___________________________________
Address of Witness
___________________________________
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SIGNED, SEALED AND DELIVERED
BY XXXXXX XXXXX in the presence of:
___________________________________ ___________________________________
Name of Witness XXXXXX XXXXX
___________________________________
Address of Witness
SIGNED, SEALED AND DELIVERED
BY XXXXX XXXXXX in the presence of:
___________________________________ ___________________________________
Name of Witness XXXXX XXXXXX
___________________________________
Address of Witness
___________________________________
___________________________________
FLAX-FLEX FABRICATORS, LTD.
by its authorized signatory:
___________________________________
Signature of Authorized Signatory
___________________________________
Name and Title of Authorized Signatory
Page 4 of 4
