Amendment No. 1 to Debenture

Contract Categories: Business Finance - Debenture Agreements
EX-10.1 2 ea122596ex10-1_bespoke.htm AMENDMENT NO. 1 TO DEBENTURE

Exhibit 10.1



This Amendment No. 1 to Debenture (this “Amendment”) dated this 28th day of May, 2020, by and among Bespoke Extracts, Inc., a Nevada corporation (the “Company”) and The Vantage Group Ltd., a Delaware corporation (the “Holder”).

WHEREAS, the Holder is the holder of an outstanding original issue discount convertible debenture of the Company, dated December 24, 2019 (the “Debenture”);

WHEREAS, the Company and the Holder desire to amend the Debenture as more particularly set forth below;

WHEREFORE, the parties do hereby agree as follows:

1.       The Maturity Date of the Debenture is hereby amended to be August 31, 2020. For the avoidance of doubt, no default will be deemed to have occurred, and no default interest will be deemed to have accrued or be owed, since the original issuance of the Debenture to the date of this Amendment.

2.       Except as modified herein, the terms of the Debenture shall remain in full force and effect.

3.       This Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and shall be binding upon all parties, their successors and assigns, and all of which taken together shall constitute one and the same Amendment. A signature delivered by facsimile or email shall constitute an original.

[Signature Page Follows]


IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.

By: /s/ Danil Pollack        
Name: Danil Pollack        
Title: Chief Executive Officer        
By: /s/ Lyle Hauser        
Name: Lyle Hauser        
Title: Chief Executive Officer