MEMORANDUM OF UNDERSTANDING by and between Kaya Brands International, Inc. or “KBI” (a majority owned subsidiary of Kaya Holdings, Inc., a US Publicly traded Company) and Greekkannabis PC or “GKC” (a Greek domiciled Private Company) and GKC’s...Memorandum of Understanding • November 4th, 2019 • Kaya Holdings, Inc. • Pharmaceutical preparations
Cooperation Agreement KBI and GKC and its Corporate Shareholders (the “Parties”) desire to acquire all necessary permits/licenses (“the Greek Licenses”) for the installation and operation of infrastructures to cultivate, produce, extract, process, transport and store medical cannabis and related products in Greece (the “Territory”) and distribute them in Greece and abroad in conformity with the competent laws (the “Endeavor”). The Parties will cooperate to complete all the procedures and legal actions to acquire the Greek License(s) and further the Endeavor. Should the necessary Greek Licenses applied for by GKC be irrevocably denied by the competent Greek authorities, the cooperation of the Parties shall not be effected and this MoU shall be considered null and void and the Parties shall be released from any and all obligations relating hereto.
