Extension Agreement for Joint Venture Organization and Operation between Digital Power Lending, LLC, QPAGOS, and Innovative Payment Systems, Inc.

Contract Categories: Mergers & Acquisitions › Joint Venture Agreements
Summary

Digital Power Lending, LLC, QPAGOS, and Innovative Payment Systems, Inc. have agreed to extend the closing date of their existing joint venture agreement to August 17, 2018. All other terms of the original agreement remain unchanged. This extension allows the parties additional time to finalize the joint venture. The agreement was executed on July 16, 2018.

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EX-10.1 2 ex10_1.htm EXHIBIT 10.1
Exhibit 10.1
 
Extension of Agreement to Organize

and

Operate A Joint Venture

Pursuant to ARTICLE X, TERMINATION, the Parties hereto to that certain Agreement to Organize and Operate a Joint Venture dated June 14, 2018 (“Agreement”), as amended on June 29, 2018, hereby agree to extend the Closing Date of the Agreement up to and including Friday, August 17, 2018.

All other terms of the Agreement remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of July 16, 2018.

 
Digital Power Lending, LLC
   
   
 
By:
/s/ William Corbett
    
 
William Corbett, Manager
   
   
 
QPAGOS
   
   
 
By:
/s/ Gaston Pereira
  
 
Gaston Pereira, Chief Executive Officer
   
   
 
Innovative Payment Systems, Inc.
   
   
 
By:
/s/ Greg Rovner
  
 
Greg Rovner