PARTIAL WAIVER AGREEMENT
Exhibit 10.8
THIS PARTIAL WAIVER AGREEMENT (this “Waiver”) is effective as of the 7 day of February, 2018, by and between Valencia Web Technology S.L., B-97183354, a Spanish limited liability company or Sociedad de Responsabilidad Limitada having an address of Xxxxx Xxxxxxx 00 xx Xxxxxxx, 00000 Xxxxxxx, Xxxxxxxx, Xxxxx (the “Seller”), and Cannabis Business Solutions Inc, a Nevada corporation having an address of 0000 X. Xxxxxx Xxxx, Xxxxx 000, Xxx Xxxxx, Xxxxxx, 00000 (the “Buyer”).
WHEREAS, the market price of the common stock of the Buyer’s parent company, Freedom Leaf Inc. (“FRLF”), has significantly increased since April of 2017, and Seller desires to waive the right to additional shares of FRLF common stock pursuant to the True-Up provisions in Section 2.1 of the Asset Purchase Agreement between the parties dated April of 2017 (the “Purchase Agreement”);
NOW THEREFORE, for the payment of $10.00 and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Seller hereby agrees as follows:
The Seller expressly waives any right to additional shares of FRLF common stock pursuant to Section 2.1 of the Purchase Agreement and forever releases and discharges Buyer and FRLF from all liability relating to any such additional shares.
This Waiver is binding on and shall inure to the benefit of the Seller and its respective successors and assigns.
THE SELLER:
Valencia Web Technology S.L.
/s/ Xxxxxx Xxxxx Xxxxxxxxx
Name: Xxxxx Xxxxx Xxxxxxxxx
Title: Administrator and Shareholder
DATE: 7 February 2018
ACKNOWLEDGED BY THE BUYER:
Cannabis Business Solutions Inc.
/s/ Xxxxxxxx Xxxxx
Name: Xxxxxxxx Xxxxx
Title: President
DATE: 2/7/2018
