EXHIBIT 10.1
AMENDMENT TO ASSET PURCHASE AGREEMENT DATED
AUGUST 23, 2011
This Amendment made this 29th day of August, 2012.
Peptide Technologies Inc
000 Xxxxx Xxxxxx
00xx Xxxxx
Xxxxxxx Xxxxxxxxxx 00000
WHEREAS the Purchase price of the Asset was reduced from 75,000,000 shares to
45,000,000 shares, and,
NOTE: An Amendment to the Asset Purchase Agreement dated December 2011
reduced the purchase price of the Asset from 75,000,000 shares to
45,000,000 shares. As a result thirty million (30,000,000) shares were
returned to treasury.
WHEREAS the Assets that were purchased were set aside and new formulations were
developed by the Company; and,
WHEREAS the Finders Fees as incorporated in the Agreement are no longer valid.
NOW THEREFORE the Directors and Officers of the Company have determined that
SECTION 11.13 of the Asset Purchase Agreement shall be amended.
SECTION to be amended reads as follows
SECTION 11.13Finders/Founders
Xxxxxxx X. Xxxxxxxxx and Xxxxxxx X. Xxxxxxxxx-Xxxxxx shall each be
issued Fifteen Million (15,000,000) shares from the 75,000,000 share
consideration hereinabove set forth for services rendered as
Finders/Founders.
The undersigned have agreed to the following Amendment:
SECTION as amended shall read as follows
SECTION 11.13 Founders
Xxxxxxx X. Xxxxxxxxx and Xxxxxxx Xxxxxxxxx-Xxxxxx shall each be issued
One Million (1,000,000) shares for a total of Two Million (2,000,000)
shares from the 45,000,000 share consideration hereinabove set forth for
Founders and Officers. Xxxxx XxXxxxxx will receive the difference of
Thirteen Million (13,000,000) shares for a total of Forty Three Million
(43,000,000) shares.
Counterparts:
This Amendment may be executed in counterparts (including e-mail attachment
(PDF) or facsimile). Each such counterpart so executed and delivered will be
considered to be an original and such counterparts taken together will
constitute one and the same document.
WHEREAS ALL DIRECTORS AND OFFICERS HEREBY AGREE TO ALL HEREIN
This amendment to the agreement is governed by the Law of British Columbia,
Canada
Peptide Technologies Inc.
Per Per
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Xxxxxxx Xxxxxxxxx-Xxxxxx Xxxxx XxXxxxxx
Per
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Xxxxxxx Xxxxxxxxx