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Amendment to Stock Purchase Agreement

Contract Categories: Business Finance - Stock Agreements
EX-10.1 2 ex10-1.htm


Exhibit 10.1





THIS AMENDMENT TO STOCK PURCHASE AGREEMENT (the “Amendment”) is made and entered effective November 29, 2021, by and among INVO Bioscience, Inc., a Nevada corporation (the “Company”) and Paradigm Opportunities Fund, LP (the “Purchaser”). The Company and the Purchaser are collectively referred to as the “Parties.




WHEREAS, on or about September 30, 2021, the Company and Purchaser entered into that certain Stock Purchase Agreement, (the “Stock Purchase Agreement”) pursuant to which the Purchaser agreed to purchase 600,703 shares of the Company’s common stock for an aggregate purchase price of $1,999,740.29. The Stock Purchase Agreement is incorporated into this Amendment by this reference and all defined terms in the Stock Purchase Agreement shall have the same meaning in this Amendment.


WHEREAS, the Parties now wish to extend closing date from November 30, 2021 to December 31, 2021 in accordance with this Amendment.




NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties hereto agree as follows:




1. Incorporation of Recitals . The Recitals set forth above are herein incorporated into this Amendment.


2. Section 2.1—Date and Time. Section 2.1 of the Stock Purchase Agreement shall be amended to extend the definition of “Closing” by deleting “November 30, 2021” and inserting “December 31, 2021” in lieu thereof.


3. Amendment. This Amendment shall be deemed an amendment of the Stock Purchase Agreement in accordance with Section 6.8 of the Stock Purchase Agreement.


4. Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.




IN WITNESS WHEREOF, the Parties hereto, intending to be legally bound, have each executed this Amendment on the dates set forth above.


  INVO Bioscience, Inc.
  By: /s/ Steven Shum
  Name: Steven Shum
  Title: Chief Executive Officer


  Paradigm Opportunities Fund, LP
  By: /s/ Corey Deutsch
  Name: Corey Deutsch
  Title: CEO