Re: Fort Products Ltd. (“Fort”)
Exhibit 4.26
February 29, 2024
To: Xxxxx Xxxxxx Xxxxxx and
Xxxxx Xxxx Xxxxxx-Xxxxxxxxxx (the “Sellers”)
Connaught Road, Seaford, East Sussex
BN25 2PT, England
Re: Fort Products Ltd. (“Fort”)
Reference is made to that certain Securities Purchase Agreement, dated as of March 2, 2023 (the “SPA”), by and between Xxxxx’ Brands Ltd (the “Company”) and the Sellers. Capitalized terms not defined herein shall have the meanings ascribed in the SPA.
Notwithstanding any other provision in the SPA, the Company has agreed with the Sellers as follows:
1. | Pursuant to Section 7.3 of the SPA, the Company paid the Sellers an amount of £426,401, which constitutes the Adjustment Amount. Following the payment of the Adjustment Amount, the Sellers requested to amend and to increase the Adjustment Amount by approximately £100,000 (the “Additional Adjustment Amount”). |
2. | Though the Company is not obligated under the SPA to agree to such amendment, it nonetheless agrees to pay the Sellers the Additional Adjustment Amount. Accordingly, effective as of March 2, 2023, the Adjustment Amount under the SPA will be £526,401. |
Notwithstanding any provision of the SPA to the contrary, to the extent that any provision of the SPA conflicts with the terms of this letter agreement, the terms of this letter agreement shall prevail.
Sincerely yours,
JEFFS’ BRANDS LTD | |||
By: | /s/ Xxxxx Xxxxxxx | ||
Name: | Xxxxx Xxxxxxx | ||
Title: | Chief Financial Officer | ||
Acknowledged and Confirmed: |
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/s/ Xxxxx Xxxxxx Xxxxxx | /s/ Xxxxx Xxxx Xxxxx Xxxxxxxxxx | ||
Xxxxx Xxxxxx Xxxxxx | Xxxxx Xxxx Xxxxx Xxxxxxxxxx |
Mezada 7, Bnei Brak Israel 5126112