Second Amending Agreement to Sale Purchase Agreement between CEN Biotech Inc. and Stevan Pokrajac, Tesla Digital Inc., and Tesla Digital Global Group Inc.
This agreement, dated October 4, 2018, is between CEN Biotech Inc. (the buyer) and Stevan Pokrajac, Tesla Digital Inc., and Tesla Digital Global Group Inc. (the sellers). It amends a previous agreement by extending the closing date from September 30, 2018, to December 15, 2018. All other terms of the original Sale Purchase Agreement and the prior amending agreement remain unchanged and in effect.
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 |