THIS IS AN AMENDING AGREEMENT made this 16th day of March, 2020. BETWEEN:
Exhibit 10.1
THIS IS AN AMENDING AGREEMENT made this 16th day of March, 2020. BETWEEN:
(Buyer)
(herein "CEN")
and -
XXXXXX XXXXXXXX and TESLA DIGITAL INC and
TESLA DIGITAL GLOBAL GROUP INC
(Seller)
(herein "PTT”)
WHEREAS the Parties have entered into a Sale Purchase Agreement on August 31st, 2016;
AND WHEREAS the Parties have further entered into an Amending Agreement made April 3d, 2019 (the “April Agreement”);
AND WHEREAS the Parties have further entered into an Amending Agreement made March 29th, 2018 (the “March Agreement”);
AND WHEREAS paragraph 2 of the said Amending Agreement provides that "...the closing date is September 30th, 2018";
AND WHEREAS it is desirous that paragraph 2 of the said Amending Agreement be amended in accordance with the terms herein.
NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of ONE ($1.00) DOLLAR and the agreements herein contained, the receipt and sufficient of which is hereby acknowledged, the parties hereto mutually covenant and agree as follows:
1. |
The Parties agree that the March Agreement with all amendments referenced above is in full force and effect and legally binding on the Parties. |
2. |
Paragraph 3 of the Agreement dated March 29, 2018 shall be amended so that the reference therein to December 31, 2019 is changed to be “December 31th 2021” |
3. |
All other terms and conditions of the Sale Purchase Agreement and the amendments referenced above are to remain in full force and effect mutatis mutandis. |
IN WITNESS WHEREOF the parties hereto have hereunto set their hand and seal.
SIGNED, SEALED AND DELIVERED | CEN BIOTECH INC. |
In the presence of: | |
/s/ Xxxxxx Xxxxxxx | |
Per: Xxxxxx Xxxxxxx, President | |
I have the authority to bind the Corporation | |
/s/ Xxxxxx Xxxxxxxx | |
Xxxxxx Xxxxxxxx | |
TESLA DIGITAL INC | |
/s/ Xxxxxx Xxxxxxxx | |
Per: Xxxxxx Xxxxxxxx, President | |
I have the authority to bind the Corporation | |
TESLA DIGITAL GLOBAL GROUP INC. | |
/s/ Xxxxxx Xxxxxxxx | |
Per: Xxxxxx Xxxxxxxx | |
I have the authority to bind the Corporation |