AMENDED AND RESTATED SHARE PURCHASE AGREEMENTShare Purchase Agreement • April 10th, 2020 • Elegance Brands, Inc. • Malt beverages • Delaware
THIS AMENDED AND RESTATED SHARE PURCHASE AGREEMENT, dated April 8, 2020 (this “Agreement”) by and among (i) Elegance Brands, Inc., a Delaware corporation (the “Buyer”), (ii) Australian Boutique Spirits Pty Ltd., an Australian private company, no. 625 701 420 (the “Company”) and (iii) Amit Raj Beri, an individual (the “Seller”) amends and restates in its entirety a share purchase agreement (the “Prior Agreement”) that was entered into by the above Parties as of December 3, 2019 (the “Effective Date”). The Buyer, the Company and the Seller are hereinafter sometimes individually referred to as a “Party” and collectively as the “Parties.”
THIS CHARGE OVER SHARES dated 08 April 2020 is made as a Deed BETWEENCharge Over • April 10th, 2020 • Elegance Brands, Inc. • Malt beverages • California
Australian Boutique Spirits Pty Ltd.Elegance Brands, Inc. • April 10th, 2020 • Malt beverages
Australian Boutique Spirits Pty Ltd. (“ABS”) and Amit Raj Beri (“Beri”) hereby acknowledges that Elegance Brands, Inc. (“Elegance”) has paid a contract deposit in the amount of AUS$2,500,000 (US$1,712,500) deposit (the “Deposit”), in connection with the execution of a share purchase agreement dated December 3, 2019 (the “Prior Agreement”), as amended and restated in its entirety pursuant to an amended and restated share purchase agreement, dated as of April 8, 2020 (the “Purchase Agreement”), between ABS, Beri, as sole shareholder of ABS, and Elegance which funds are intended to be used toward cash portion purchase price of ABS by Elegance of AUS$12,780,000 (US$8,488,048) set forth in the Purchase Agreement.
