ContractStock Purchase Agreement • July 9th, 2020 • Magna Lab Inc • Electromedical & electrotherapeutic apparatus
THIS AMENDMENT TO STOCK PURCHASE AGREEMENT (the “Amendment”) is entered into as of this 2nd day of July, 2020, by and among Magna-Lab, Inc. (“MAGAA” or the “Company”); Joel S. Kanter, individually and as representative for (i) the 607,727 common shares of MAGAA owned by Magna Acquisition LLC (“Magna LLC”), (ii) the promissory notes owed by the Company to Magna LLC and to Joel S. Kanter (collectively, the “Notes”), and (iii) as representative for the four directors and/or officers owning 106,032 Class A common shares of MAGAA (hereinafter, the “Sellers”); and Activist Investing, LLC or its designees or assignees (hereinafter collectively the “Purchaser”). Purchaser and Sellers are sometimes referred to collectively herein as the “Parties,” and each individually as a “Party.”
STOCK PURCHASE AGREEMENTStock Purchase Agreement • July 9th, 2020 • Magna Lab Inc • Electromedical & electrotherapeutic apparatus • New York
IN WITNESS WHEREOF, this STOCK PURCHASE AGREEMENT has been duly executed by the Parties, on the date set forth on page 1 above:
