Assignment of Convertible Note between Serhii Cherniienko and Okie, LLC, dated May 24, 2022

Contract Categories: Business Finance - Note Agreements
EX-2.4 5 ex2_4.htm

EX-2.4

 

 

 

ASSIGMENT OF CONVERTIBLE NOTE

 

KNOW THAT on this 24th day of May 2022, Serhii Cherniienko (“Assignor”), with an address of 7309 Franklin Ave, Apt 105, Los Angeles, CA 90046, hereby transfers, assigns and conveys to Okie, LLC (“Assignee”) with an address of 4300 S US Hwy 1, Ste 203-314, Jupiter, Florida 33477 and all of its successors the total amount of Thirty Thousand Dollars ($30,000.00 USD) due under a Convertible Promissory Note to the Assignee described as follows:

 

The original loan to Cannabis Suisse Corp. from Mr. Sudusinghe was pursuant to Loan Agreement dated March 1, 2016, and Verbal Agreement dated April 2, 2019.

 

On April 1, 2021, Suneetha Nandana Silva Sudusinghe assigned Serhii Cherniienko $60,000 of his loan to Cannabis Suisse Corp. The Agreement contains a provision that allows Serhii Cherniienko to convert the loan to common stock at a fixed price of $0.01 per share. Beneficial conversion feature was $60,000 and debt discount was $30,000.00.

 

A copy of the note documentation is attached hereto.

 

The purchase price for this assignment of the Note was included in the SECURITIES PURCHASE AGREEMENT by and between Suneetha Nandana Silva Sudusinghe (the “Seller”) and Scott Mcalister (the “Buyer”) of $450,000.00.

 

The rights and interests of such a note are assigned back to the original date of April 1, 2021, and include but are not necessarily limited to the amount of the Note plus interest due the Assignor under the Note and related documents, all of the rights and remedies and subject to all of the obligations of the Assignor there under, and the right either of Assignee’s behalf or in the name of the Assignor to take all actions, legal or otherwise, that Assignor would be entitled to take there under.

 

ASSIGNOR: Serhii Cherniienko ASSIGNEE: Okie, LLC

 

 

/s/ Serhii Cherniienko /s/ Louis Palumbo_________________

Serhii Cherniienko Louis Palumbo, Manager/Member

7309 Franklin Ave, Apt 105 4300 S US Hwy 1, Ste 203-314

Los Angeles, CA 90046 Jupiter, FL 33477

 

 

THE COMPANY: Cannabis Suisse Corp.

 

 

/s/ Suneetha Nandana Silva Sudusinghe

Suneetha Nandana Silva Sudusinghe

CEO, Pres., CFO, Chief Accounting Officer, Treasurer & Director