AMENDMENT to the Share Purchase Agreement between Daulton Capital Corp and the Shareholders of Grimsby Investments Ltd
Exhibit 10.1
AMENDMENT
to the Share Purchase Agreement between
Xxxxxxx Capital Corp and the Shareholders of Grimsby Investments Ltd
This AMENDMENT to the Share Purchase Agreement between Xxxxxxx Corporation and the shareholders of Grimsby Investments Ltd. of May 12th , 2012, is written solely to address two previous conditions between the parties, namely the Company's obligations under that agreement to tender preferred shares and funds payable to the shareholders of Grimsby Investments Ltd.
Both parties to the original Agreement have come together to address certain base readjustments to the original contract in order to maintain the business viability of the contract between the parties.
§a of that Agreement called for $75,000,000 of the debt to be converted into preferred shares. This section and obligation is specifically waved and cancelled.
§b of that Agreement called for $75,000,000 of the debt to be secured by a 10 year Promissory Note. This section and obligation is specifically amended by the waiver and cancellation of obligation to pay $67,500,000 of the debt. The remaining $7,500,000 of the debt remains, and shall be evidenced by 10 year Promissory Note in favor of Endx Pte Limited and TigerSprey Pte Limited.
All other aspects of the original Share Purchase Agreement are unchanged and this Amendment should have no effect upon any other clause other than the two addressed herein.
DATED: August 28th, 2012
/s/ Arun Pudur
Arun Pudur, Director, Xxxxxxx Corp.
/s/ Xxxxx Xxxxx Xxxxx
Xxxxx Xxxxx Xxxxx, Director, Xxxxxxx Corp.
/s/ Arun Pudur
Arun Pudur, Representative of Grimsby Shareholders
/s/ Xxxx Xxxxxxxxxxxx
Xxxx Xxxxxxxxxxxx, Director, Xxxxxxx Corp.
