Common Contracts

BINDING LETTER AGREEMENT

Binding Letter Agreement • July 2nd, 2021 • British Columbia

• Contract Type
  Binding Letter Agreement
• Filed
  July 2nd, 2021
• Jurisdiction
  British Columbia

This letter (the “Agreement”) sets out the principal terms and conditions on and subject to which AI/ML Innovations Inc. (“AIML”), a Canadian, publicly-traded corporation, is willing to enter into arrangements with Tech2Heal, a French corporation commonly referred to as an “IP Box” (“T2H”) for the acquisition of: 1. treasury share capital of T2H; and, 2. certain exclusive territorial commercial rights to T2H’s products (derived from T2H’s Intellectual Property) and Brands, by way of AIML’s wholly-owned subsidiary, AI Rx (“AIRX”), subject to the agreement and signing by the parties of a formal share acquisition agreement (the “Definitive Agreement”) amongst other terms and conditions. AIML, T2H and AIRX are hereinafter collectively referred to as the “Parties”, as applicable, and individually as a “Party”.