AMENDING AGREEMENT
Exhibit 10.30
THIS AGREEMENT is made as of February 8, 2024,
BETWEEN:
PEACE NATURALS PROJECT INC.
(the “Seller”)
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FUTURE FARMCO CANADA INC.
(the “Buyer”)
RECITALS:
X.Xxxxxxxx to an agreement of purchase and sale (commercial) dated as of November 26, 2023, between the Seller and the Buyer (as amended to the date hereof, collectively, the “Purchase Agreement”), the Seller agreed to sell, and the Buyer agreed to purchase, the Property.
B.The Seller and the Buyer have agreed to amend the Purchase Agreement on the terms and conditions contained herein.
NOW THEREFORE, for good and valuable consideration and the sum of $10.00 now paid by each party to the other, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1.Definitions
Unless the context requires otherwise, capitalized terms used but not defined herein shall have the respective meanings given to them in the Purchase Agreement.
2.Amendments to Purchase Agreement
Section 9, Lease Condition shall be amended by deleting the following wording from the second paragraph: “…the date falling seventy-five (75) calendar days after the Acceptance Date…” and replacing it with the following: “February 29, 2024”.
3.Entire Agreement
The parties confirm and ratify the Purchase Agreement, as amended hereby, and acknowledge that, except as expressly amended hereby, the provisions of the Purchase Agreement are and shall remain in full force and effect.
4.Further Assurances
The parties shall with reasonable diligence do all things and provide all reasonable assurances as may be required to consummate the transactions contemplated by this Agreement, and each party shall provide such further documents or instruments required by the other party as may be reasonably necessary or desirable to effect the purpose of this Agreement and carry out its provisions.
5.Time of the Essence
Time shall remain of the essence in respect of the Purchase Agreement, as amended hereby.
6.Successors and Assigns
This Agreement shall be binding upon and enure to the benefit of the parties and their respective successors and permitted assigns.
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7.Governing Law
This Agreement and all matters arising hereunder shall be governed by the laws of the Province of Ontario and the laws of Canada applicable therein.
8.Counterparts and Electronic Execution
This Agreement may be executed by the parties in separate counterparts and delivered by facsimile transmission or electronic transmission each of which when so executed and delivered shall be an original, but all such counterparts and facsimiles or electronic transmissions shall together constitute one and the same instrument.
[Signature Page Follows]
IN WITNESS WHEREOF the parties have duly executed this Agreement as of the date set out above.
| SELLER: | ||
| PEACE NATURALS PROJECT INC. | ||
Per: /s/ Xxxx Xxxxxxxx Name: Xxxx Xxxxxxxx Title: Chief Growth Officer | ||
Per: _______________________________ Name: Title: | ||
| BUYER: | ||
| FUTURE FARMCO CANADA INC. | ||
Per: /s/ Xxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: President & Secretary | ||
Per: ________________________________ Name: Title: | ||
