SECOND AMENDMENT TO SEPARATION AGREEMENT DATED JUNE 3, 2022 STRICTLY CONFIDENTIALSeparation Agreement • June 27th, 2023 • Selina Hospitality PLC • Hotels & motels
This second amendment to the Separation Agreement (this “Second Amendment”), dated as of June 23, 2023 (the “Effective Date”), is made by and among YAM at Selina Ops LP (“YAM”), on the one hand, and Selina Hospitality plc (“Selina”), PCN Operations, S.A. (“PCN”), Selina Operation One (1), S.A. (“SOP1”), and Selina Management Panamá, S.A. (together, the “Selina Parties”) on the other hand.
SUBSCRIPTION AGREEMENTSubscription Agreement • June 27th, 2023 • Selina Hospitality PLC • Hotels & motels
This Subscription Agreement (this “Subscription Agreement”) is being entered into as of June 23, 2023 (the “Subscription Date”), by and between Selina Hospitality plc (the “Issuer”), and YAM at Selina Ops LP (the “Investor”), in connection with the settlement of liabilities (subject to the terms and conditions of the Amendment Agreement) of up to $9,742,244 in the aggregate (the “Liabilities”) owed to Investor by one or more of Issuer’s subsidiary companies under certain agreements entered into by and among (to the extent applicable) Investor, Issuer, PCN Operations, S.A., Selina Operation One (1), S.A., and Selina Management Panamá, S.A., including, but not limited to, a joint venture agreement dated September 1, 2017, as thereafter amended, shareholders’ agreement dated as of December 10, 2020, a pledge agreement dated as of August 17, 2021 and amended on October 12, 2021and a separation agreement dated as of June 3, 2022, as modified by an amendment agreement dated December 23, 2022
