Amending Agreement dated October 4, 2018
Exhibit 10.1
THIS IS AN AMENDING AGREEMENT made this 4th day of October, 2018. BETWEEN:
CEN BIOTECH INC
(Buyer)
(herein "CEN")
and -
STEVAN POKRAJAC and TESLA DIGITAL INC and
TESLA DIGITAL GLOBAL GROUP INC
(Seller)
(herein "PTT”)
WHEREAS the Parties have entered into a Sale Purchase Agreement on August 31st, 2016;
AND WHEREAS the Parties have further entered into an Amending Agreement made March 29th, 2018 (the “March Agreement”);
AND WHEREAS paragraph 2 of the said Amending Agreement provides that "...the closing date is September 30th, 2018";
AND WHEREAS it is desirous that paragraph 2 of the said Amending Agreement be amended in accordance with the terms herein.
NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of ONE ($1.00) DOLLAR and the agreements herein contained, the receipt and sufficient of which is hereby acknowledged, the parties hereto mutually covenant and agree as follows:
1. | The Parties agree that the March Agreement is in full force and effect and legally binding on the Parties. |
2. | Paragraph 3 of the March Agreement shall be amended so that the reference therein to September 30, 2018 is changed to be “December 15th 2018” |
3. | All other terms and conditions of the Sale Purchase Agreement and March Agreement are to remain in full force and effect mutatis mutandis. |
IN WITNESS WHEREOF the parties hereto have hereunto set their hand and seal.
SIGNED, SEALED AND DELIVERED | CEN BIOTECH INC. | |
In the presence of: | ||
/s/ Bahige Bassem Chaaban | ||
Per: Bahige Bassem Chaaban, President | ||
I have the authority to bind the Corporation | ||
/s/ Stevan Pokrajac | ||
Stevan Pokrajac | ||
TESLA DIGITAL INC | ||
/s/ Stevan Pokrajac | ||
Per: Stevan Pokrajac, President | ||
I have the authority to bind the Corporation | ||
TESLA DIGITAL GLOBAL GROUP INC. | ||
/s/ Stevan Pokrajac | ||
Per: Stevan Pokrajac | ||
I have the authority to bind the Corporation |